The hydrotreated vegetable oil (HVO) market is projected to grow from USD 21.2 billion in 2024 to USD 70.0 billion by 2034, advancing at a compound annual growth rate (CAGR) of 12.7% over the next decade. Demand for HVO, often referred to as ‘green biodiesel,’ is reaching new heights due to its eco-friendly properties. Its …
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Hydrotreated Vegetable Oil Market Forecasted to Surpass USD 70.0 Billion by 2034 | Future Market Insights, Inc.
The hydrotreated vegetable oil market value is expected to rise from US$ 21.2 billion in 2024 to US$ 70.0 billion by 2034. This market is analyzed to surge ahead at a CAGR of 12.70% over the next decade. Surging demand for HVO, also known as ‘green biodiesel’ is achieving new milestones due to its environment-friendly characteristics. The use of hydrotreated vegetable oil is increasing …