| Product Code: ETC5664333 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Canada`s import trend for renewable diesel demonstrated significant growth from 2023 to 2024, with a notable increase of 71.01%. The compound annual growth rate (CAGR) for the period of 2020 to 2024 stood at an impressive 95.27%. This surge in imports can be attributed to a combination of increased environmental regulations favoring renewable energy sources and a shift towards sustainable practices in the energy sector.
The Canada Renewable Diesel Market is expanding as demand for cleaner, sustainable fuel alternatives grows. Renewable diesel, produced from organic waste and vegetable oils, is increasingly being adopted to reduce greenhouse gas emissions in transportation and industry.
The renewable diesel market in Canada is driven by the need for cleaner and more sustainable alternatives to traditional diesel fuels. Renewable diesel, produced from renewable feedstocks, reduces greenhouse gas emissions and offers similar performance characteristics to conventional diesel. The growth of environmental regulations, the push for reducing carbon footprints, and the development of renewable fuel technologies support the market for renewable diesel.
The Canada Renewable Diesel Market encounters challenges related to feedstock supply and regulatory standards. Renewable diesel, produced from renewable sources, relies on specific feedstocks such as vegetable oils and animal fats, which can be subject to supply chain fluctuations and price volatility. Additionally, the market must comply with regulatory requirements related to emissions, sustainability, and fuel quality, which can impact production and market access. The need for continuous innovation to improve renewable diesel technologies and meet evolving industry standards adds further complexity. Companies must navigate these challenges by investing in sustainable feedstock sourcing and regulatory compliance while addressing competition from conventional diesel fuels.
In Canada, the renewable diesel market is influenced by government policies aimed at reducing greenhouse gas emissions and promoting clean energy. Regulations support the production and use of renewable diesel, including incentives for investment in renewable fuel technologies. The government encourages the adoption of renewable diesel to reduce reliance on fossil fuels and support environmental sustainability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Renewable Diesel Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Renewable Diesel Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Renewable Diesel Market - Industry Life Cycle |
3.4 Canada Renewable Diesel Market - Porter's Five Forces |
3.5 Canada Renewable Diesel Market Revenues & Volume Share, By Feedstock Type, 2021 & 2031F |
4 Canada Renewable Diesel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government regulations promoting the use of renewable fuels |
4.2.2 Increasing consumer awareness and demand for sustainable energy solutions |
4.2.3 Growing investments in renewable energy projects and infrastructure in Canada |
4.3 Market Restraints |
4.3.1 High production costs compared to conventional diesel |
4.3.2 Limited availability of feedstock for renewable diesel production |
4.3.3 Challenges in scaling up production capacity to meet increasing demand |
5 Canada Renewable Diesel Market Trends |
6 Canada Renewable Diesel Market Segmentations |
6.1 Canada Renewable Diesel Market, By Feedstock Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Renewable Diesel Market Revenues & Volume, By Waste oils, 2021-2031F | 6.1.4 Canada Renewable Diesel Market Revenues & Volume, By Vegetable oils, 2021-2031F |
7 Canada Renewable Diesel Market Import-Export Trade Statistics |
7.1 Canada Renewable Diesel Market Export to Major Countries |
7.2 Canada Renewable Diesel Market Imports from Major Countries |
8 Canada Renewable Diesel Market Key Performance Indicators |
8.1 Carbon intensity reduction achieved through the use of renewable diesel |
8.2 Percentage of renewable diesel in the overall diesel fuel market in Canada |
8.3 Number of new renewable diesel production facilities or capacity expansions in Canada |
9 Canada Renewable Diesel Market - Opportunity Assessment |
9.1 Canada Renewable Diesel Market Opportunity Assessment, By Feedstock Type, 2021 & 2031F |
10 Canada Renewable Diesel Market - Competitive Landscape |
10.1 Canada Renewable Diesel Market Revenue Share, By Companies, 2024 |
10.2 Canada Renewable Diesel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |