According to the recent research report titled ‘Global Renewable Diesel Market - Analysis By Feedstock, By End User, By Region, By Country: Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global renewable diesel market was worth USD 19.15 billion in 2019 and is expected to record significant growth during 2020-2025.
 

Surging demand for clean energy and favorable government policies which encourage usage of renewable sources of energy are the key factors driving the growth of global renewable diesel market growth. In addition, escalating demand for biofuel and easy availability of feedstock are contributing to the overall market growth.
 

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Notably, renewable diesel is chemically similar to diesel and is widely adopted in current diesel infrastructure due to its beneficial characteristics. It is also one of the most viable alternatives to other fuel sources in order to minimize emissions, which in turn is stimulating global renewable diesel market trends.
 

Based on feedstock type, global renewable diesel market is divided into animal fat, vegetable oil, and others. The vegetable oil segment is expected to register decent growth over the assessment period, owing its popularity and abundant availability.
 

Speaking of end user scope, the industry is bifurcated into industrial, transportation, and others. Global renewable diesel market share from transportation segment of is projected to grow substantially over the forecast timespan, on account of high diesel consumption and surging demand of biofuel globally.
 

From regional perspective, worldwide renewable diesel market is divided into Asia-Pacific, Europe and America, with key focus on countries such as India, Japan, China, France, U.K., Germany, Mexico, Brazil, Canada, and the U.S.
 

The report states that the America is likely to hold considerable market share and expand consistently during the forecast duration.. The regional growth is credited to rising supportive government policies which promote adoption renewable diesel and with increasing expenditure on research & development.
 

Leading organizations in global renewable diesel market are Total SE, Exxon Mobil Corporation, Royal Dutch Shell PLC, Valero Energy Corporation, Darling Ingredients Inc., Phillips 66 Company, Gevo Inc., Renewable Energy Group, Marathon Petroleum Corporation, and Neste Oyj.