Market Overview:
The global renewable hydrocarbon fuel market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable fuels due to their environmental benefits over traditional fuels. Renewable gasoline, diesel, and jet fuel are some of the major types of renewable hydrocarbon fuels. These fuels are used in various applications such as locomotive, ships, power plant, and others. The North American region is expected to hold the largest share of the global renewable hydrocarbon fuel market during the forecast period. This can be attributed to factors such as stringent environmental regulations and rising demand for alternative fuels in this region.
Product Definition:
Renewable Hydrocarbon Fuel is a fuel that is made from renewable resources. It can be used to power vehicles or to heat homes and businesses. Renewable hydrocarbon fuel is important because it helps reduce carbon emissions and it is a renewable resource.
Renewable Gasoline:
Renewable gasoline is a product that is produced from biomass or biofuel. It can be produced through the process of hydrolysis, which involves using water and heat to decompose solid organic materials such as wood, crop waste, animal manure and coal tar. The resulting liquid may be further processed into traditional gasoline or jet fuel depending on the feedstock used for production.
Renewable Diesel:
Renewable diesel is produced from biomass, vegetable oils or animal fats. It can be used as a drop-in replacement for conventional diesel and has the potential to reduce carbon emissions significantly. The use of renewable diesel can help in reducing air pollution and greenhouse gas emissions by up to 80% when compared with conventional fuel production methods.
Application Insights:
The locomotive application segment led the global renewable hydrocarbon fuel market in 2017 and is projected to witness significant growth over the forecast period. Rising demand for clean energy sources such as solar and wind energy has resulted in a decline in the use of diesel and gasoline-powered locomotives, which is expected to drive growth over the forecast period.
Renewable jet fuel (RJF) accounted for a share of 5% among all applications in 2017 owing to high production rates of commercial aircraft across several countries worldwide. Increasing production capacities of passenger aircraft have resulted in an increased supply compared with demand, which has driven prices down significantly over recent years. This trend is expected to continue through 2018 until full utilization rate reaches out 2022 when new capacity comes on stream at normal rates from 2023 onward, thus driving growth during this time span.
Regional Analysis:
North America emerged as the largest regional market in 2017. The growth of the region can be attributed to increasing government support for developing renewable energy along with growing awareness regarding environment protection and climate change. In addition, stringent regulations by U.S Environmental Protection Agency (U.
Europe was another key consumer of renewable hydrocarbon fuels accounting for a share of 24% in 2017 owing to high acceptance.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fuel-efficient vehicles is expected to grow at a CAGR of more than 9% from 2016 to 2021. This is due to the increasing awareness among consumers about the benefits of fuel-efficient vehicles, such as lower emissions and reduced fuel costs.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the world in an effort to reduce air pollution levels. This is driving the demand for low and zero emissions vehicles, which in turn is boosting the growth of the renewable hydrocarbon fuels market.
- Rising concerns over energy security: The volatility in oil prices has led to a rise in concerns over energy security among governments and businesses worldwide. As a result, there is an increasing focus on developing renewable sources of energy that can help reduce dependence on oil imports.
- Growing investment in renewables: There has been a significant increase in investment made into renewables globally over the past few years, with this trend expected to continue going forward as well.. This will create opportunities for players operating in th Renewable Hydrocarbon Fuel market5) Technological advancements: Ongoing technological advancements are resulting i better conversion efficiencies and reduced production costs for renewable hydrocarbon fuels, thus aiding their growth prospects
Scope Of The Report
Report Attributes
Report Details
Report Title
Renewable Hydrocarbon Fuel Market Research Report
By Type
Renewable Gasoline, Renewable Diesel, Renewable Jet Fuel
By Application
Locomotive, Ships, Power Plant, Other
By Companies
Global Bioenergies, Ensyn Corp, Iogen, Neste, REG, Star Oilco, Sunshine Biofuels, Valero, NextChem(Maire Tecnimont), GEVO, Musket, Next Renewable Fuels, Marathon Petroleum(Marathon Oil), Phillips 66, Shell, BP, PBF Energy, Vertimass LLC, Total
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Renewable Hydrocarbon Fuel Market Report Segments:
The global Renewable Hydrocarbon Fuel market is segmented on the basis of:
Types
Renewable Gasoline, Renewable Diesel, Renewable Jet Fuel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Locomotive, Ships, Power Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Global Bioenergies
- Ensyn Corp
- Iogen
- Neste
- REG
- Star Oilco
- Sunshine Biofuels
- Valero
- NextChem(Maire Tecnimont)
- GEVO
- Musket
- Next Renewable Fuels
- Marathon Petroleum(Marathon Oil)
- Phillips 66
- Shell
- BP
- PBF Energy
- Vertimass LLC
- Total
Highlights of The Renewable Hydrocarbon Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Renewable Gasoline
- Renewable Diesel
- Renewable Jet Fuel
- By Application:
- Locomotive
- Ships
- Power Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Renewable Hydrocarbon Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Renewable hydrocarbon fuel is a type of fuel that comes from sources such as water, air, and biomass. Renewable hydrocarbon fuels can be used to power vehicles or generators.
Some of the major players in the renewable hydrocarbon fuel market are Global Bioenergies, Ensyn Corp, Iogen, Neste, REG, Star Oilco, Sunshine Biofuels, Valero, NextChem(Maire Tecnimont), GEVO, Musket, Next Renewable Fuels, Marathon Petroleum(Marathon Oil), Phillips 66, Shell, BP, PBF Energy, Vertimass LLC, Total.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Renewable Hydrocarbon Fuel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Renewable Hydrocarbon Fuel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Renewable Hydrocarbon Fuel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Renewable Hydrocarbon Fuel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Renewable Hydrocarbon Fuel Market Size & Forecast, 2020-2028
4.5.1 Renewable Hydrocarbon Fuel Market Size and Y-o-Y Growth
4.5.2 Renewable Hydrocarbon Fuel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Renewable Gasoline
5.2.2 Renewable Diesel
5.2.3 Renewable Jet Fuel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Locomotive
6.2.2 Ships
6.2.3 Power Plant
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Renewable Hydrocarbon Fuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Renewable Hydrocarbon Fuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Renewable Gasoline
9.6.2 Renewable Diesel
9.6.3 Renewable Jet Fuel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Locomotive
9.10.2 Ships
9.10.3 Power Plant
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Renewable Gasoline
10.6.2 Renewable Diesel
10.6.3 Renewable Jet Fuel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Locomotive
10.10.2 Ships
10.10.3 Power Plant
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Renewable Gasoline
11.6.2 Renewable Diesel
11.6.3 Renewable Jet Fuel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Locomotive
11.10.2 Ships
11.10.3 Power Plant
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Renewable Gasoline
12.6.2 Renewable Diesel
12.6.3 Renewable Jet Fuel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Locomotive
12.10.2 Ships
12.10.3 Power Plant
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Renewable Gasoline
13.6.2 Renewable Diesel
13.6.3 Renewable Jet Fuel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Locomotive
13.10.2 Ships
13.10.3 Power Plant
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Renewable Hydrocarbon Fuel Market: Competitive Dashboard
14.2 Global Renewable Hydrocarbon Fuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Global Bioenergies
14.3.2 Ensyn Corp
14.3.3 Iogen
14.3.4 Neste
14.3.5 REG
14.3.6 Star Oilco
14.3.7 Sunshine Biofuels
14.3.8 Valero
14.3.9 NextChem(Maire Tecnimont)
14.3.10 GEVO
14.3.11 Musket
14.3.12 Next Renewable Fuels
14.3.13 Marathon Petroleum(Marathon Oil)
14.3.14 Phillips 66
14.3.15 Shell
14.3.16 BP
14.3.17 PBF Energy
14.3.18 Vertimass LLC
14.3.19 Total
