The hydrotreated vegetable oil market is projected to grow from USD 21.2 billion in 2024 to USD 70.0 billion by 2034, achieving a robust CAGR of 12.7% over the next decade. The surging demand for hydrotreated vegetable oil (HVO), also known as ‘green biodiesel,’ is achieving new milestones due to its environmentally friendly characteristics. HVO …
Tag Archives: Hydrotreated Vegetable Oil Market Analysis
Global Hydrotreated Vegetable Oil (HVO) Market to Reach USD 70 Billion by 2034, Growing at 12.7% CAGR
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 …
Rising Environmental Focus Drives Hydrotreated Vegetable Oil Market Growth to USD70 Billion by 2034
The hydrotreated vegetable oil market value is expected to rise from USD 21.2 billion in 2024 to USD 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 …