According to our (Global Info Research) latest study, the global HVO-100 market size was valued at US$ 26.75 million in 2025 and is forecast to a readjusted size of US$ 84.27 million by 2032 with a CAGR of 17.6% during review period.
In 2025, the global production of HVO-100 reached approximately 24,000 tons, with an average global market price of around US$1,100 per ton. In the same year, the global total production capacity of HVO-100 reached 30,000 tons. The industry average gross profit margin of this product reached 20%-40%.HVO-100 (Hydrotreated Vegetable Oil 100%) is a 100% renewable diesel fuel made by hydrotreating vegetable oil, animal fat or waste oil. Its chemical structure is similar to fossil diesel and can be used directly in conventional diesel engines without modification. It has a higher cetane number (70-90), lower sulfur content, better low-temperature performance and reduces greenhouse gas emissions by up to 90%. HVO-100 complies with EN 15940 standards and is suitable for transportation, shipping and other fields. It is a high-end product among biofuels.
The HVO-100 industry chain begins upstream with the supply of biomass feedstocks, including used cooking oil (UCO), animal fats, palm oil, and other vegetable oil resources. The midstream comprises the core production phase, where bio-oils are converted into high-purity paraffinic diesel using hydrotreating and isomerization technologies; this segment is dominated by refining companies such as Neste and Chevron Renewable Energy Group. The downstream sector consists of end-use markets, including road transport, off-road machinery, marine fuel, and certain sustainable aviation fuel applications. The entire industry chain relies heavily on the stability of feedstock supplies and policy incentives, exhibiting a structure defined by feedstock constraints, policy drivers, and capital-intensive refining operations.
Future growth for HVO-100 is primarily driven by global carbon neutrality policies, the demand for alternative transport fuels, and decarbonization efforts in the aviation and shipping sectors. As a "drop-in" fuel solution, it addresses a persistent, long-term demand in heavy-duty transport sectors that are difficult to electrify. While demand is expected to expand alongside the implementation of the EU's RED III, the US Low Carbon Fuel Standard (LCFS), and stricter global shipping emission regulations, growth remains constrained by bottlenecks in feedstock supply (such as waste oils) and high production costs. In the long term, HVO-100 will form part of a multi-pathway decarbonization energy system alongside electrification and hydrogen; it is projected to maintain rapid growth through 2030, though it may subsequently enter a phase characterized by feedstock constraints and price competition.
This report is a detailed and comprehensive analysis for global HVO-100 market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global HVO-100 market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global HVO-100 market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global HVO-100 market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global HVO-100 market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for HVO-100
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global HVO-100 market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Neste, Crown Oil, Moeve, ORLEN, OG Clean Fuels, Star Oilco, Valero, Phillips 66, Shell, UPM Biofuels, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
HVO-100 market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Waste Cooking Oil
Industrial Waste Fats/oils
Animal Fats
Others
Market segment by Technical Pathways
Hydrodeoxygenation
Isomerization
Market segment by Carbon Intensity
Low-CI HVO
Medium-CI HVO
High-CI HVO
Market segment by Application
Road Vehicles
Non-road Machinery
Ship
Others
Major players covered
Neste
Crown Oil
Moeve
ORLEN
OG Clean Fuels
Star Oilco
Valero
Phillips 66
Shell
UPM Biofuels
TotalEnergies
Enilive
Sinopec
ENEOS Corporation
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe HVO-100 product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of HVO-100, with price, sales quantity, revenue, and global market share of HVO-100 from 2021 to 2026.
Chapter 3, the HVO-100 competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the HVO-100 breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and HVO-100 market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of HVO-100.
Chapter 14 and 15, to describe HVO-100 sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on HVO-100. Industry analysis & Market Report on HVO-100 is a syndicated market report, published as Global HVO-100 Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of HVO-100 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.