U.S. Renewable Diesel Market Value and Growth Projections for 2025 - 2030
The U.S. Renewable Diesel Market size was valued at around 99.42 MB (million barrels) in 2024 and is projected to reach 922.39 MB by 2030. Along with this, the market is estimated to grow at a CAGR of around 45% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
U.S. Renewable Diesel Market Driver:
Enhancement in Government Tax Breaks & Renewable Energy Investments – Government tax breaks and investments in renewable energy play a major role in driving the US Renewable Diesel Market. The Inflation Reduction Act of 2022 has greatly impacted the extension of the USD1 per gallon blending tax credit for biodiesel and renewable diesel until the end of 2024. This policy encourages the production and mixing of renewable diesel to boost its competitiveness in comparison to traditional fossil fuels. Moreover, states such as California offer extra financial rewards for producers of low-carbon fuel through initiatives like the Low Carbon Fuel Standard, which boosts the acceptance of these fuels in the market. Federal aid goes beyond tax incentives by also including strategic investments in renewable infrastructure. For instance, the Department of Energy has dedicated substantial funds to enhance biofuel research and enhance production technologies. These efforts are crucial for decreasing reliance on foreign oil, meeting environmental targets, and improving energy stability. These policies have facilitated collaborations between manufacturers and fuel suppliers, promoting expansion and market reach while also supporting sustained development.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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U.S. Renewable Diesel Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Application
- Passenger Vehicle- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicle- Market Size & Forecast 2020-2030, USD Million
- Aviation- Market Size & Forecast 2020-2030, USD Million
- Marine- Market Size & Forecast 2020-2030, USD Million
- Power Generation- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Feed Stock
- Soybean Oil- Market Size & Forecast 2020-2030, USD Million
- Palm Oil- Market Size & Forecast 2020-2030, USD Million
- Animal Fats - Market Size & Forecast 2020-2030, USD Million
- Vegetable Oils- Market Size & Forecast 2020-2030, USD Million
- Used Cooking Oil- Market Size & Forecast 2020-2030, USD Million
- By Production Process
- Hydrotreated Vegetable Oil (HVO)- Market Size & Forecast 2020-2030, USD Million
- Ethanol-to-Diesel (ETD)- Market Size & Forecast 2020-2030, USD Million
- Gasification-to-Liquids (GTL)- Market Size & Forecast 2020-2030, USD Million
- Microwave-assisted Processing - Market Size & Forecast 2020-2030, USD Million
- By End User
- Transportation- Market Size & Forecast 2020-2030, USD Million
- Industrial- Market Size & Forecast 2020-2030, USD Million
- By Region
- North-East - Market Size & Forecast 2020-2030F, USD Million
- Mid-West - Market Size & Forecast 2020-2030F, USD Million
- West - Market Size & Forecast 2020-2030F, USD Million
- South - Market Size & Forecast 2020-2030F, USD Million
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Shell Plc, Chevron Corporation, TotalEnergies, BP, Exxon Mobil Corporation, Honeywell International Inc., Cargill, Incorporated, Eni S.p.A neste, Equinor, Repsol S.A., Marathon Petroleum Corporation, Phillips 66, Valero Energy Corporation, Neste Corporation, and others looking forward to strengthening their market positions.
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Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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