Global Clean Diesel Market Is Estimated To Witness High Growth Owing to Rising Motor Vehicle Production and Rising Aviation Industry


Clean Diesel Market
Clean Diesel Market


Diesel engines today's produce more power and better fuel economy than any other type of engine. They also produce less particulate matter and nitrogen oxide emissions than ever before. These benefits have made diesel engines a top choice for powering trucks, construction, agriculture and mining equipment. Modern diesel engines rely on catalytic converters and diesel particulate filters to remove soot from the exhaust. These systems, in combination with exhaust gas recirculation (EGR), are designed to lower NOx emissions. Clean diesel is a clean, efficient and cost-effective fuel. Clean diesel is significantly less toxic and releases 97 % less sulfur into the air. This makes it easier to achieve the clean fuel standards required by the EPA.

Market Dynamics:

Growing agreements among key players is estimated to augment growth of the global clean diesel market over the forecast period. For instance, ExxonMobil, and Global Clean Energy Holdings signed an agreement in August 2020. According to the agreement, ExxonMobil will buy 2.5 million barrels of renewable diesel from Global Clean Energy’s Bakersfield biorefinery every year and ExxonMobil plans to distribute the renewable diesel in the U.S. and international markets. Moreover, unavailability of feedstocks, and increasing issues related to quality control of renewable diesel is anticipated to restrain growth of the global clean diesel market over the forecast period.

According to Coherent market Insights the Clean Diesel Market Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028.

COVID-19 was first recognized in China in 2019 and later on it was transmitted to more than a 100 nations globally. This outbreak affected several countries like the US, India, the UK, Australia, France, UAE and many more. These nations imposed strict nationwide lockdowns to prevent transmission of the disease. The pandemic affected many industries across the world. Many restrictions that were imposed in many countries led to halting export and import activities. These restrictions resulted in shutting down of manufacturing units in many areas. During the pandemic there was a decline in heavy-duty commercial vehicles, which resulted in increasing demand for clean diesel. However, in 2021, again the demand increased as transport sector rebounded. Thus, the pandemic had a positive impact on the growth of the global clean diesel market.

Key Takeaways:

The global clean diesel market is expected to witness high growth, exhibiting CAGR of 8.33 % over the forecast period, due to increasing acquisitions. For instance, Marathon Petroleum Corp., declared the acquisition of acquisition of a 49.9% interest in LF Bioenergy in March 2023. This acquisition will create more opportunities for further integration and also help in achieving MPC's goal of lowering the carbon intensity of its operations.

Europe is anticipated to witness significant growth in the global clean diesel over the forecast period, owing to growing renewable diesel production and rising adoption of the renewable energy directive.

Major players operating in the global clean diesel are Camarona, CDTI, Digable traders, Volkswagen, Spinelli International Company, BMW, Ford, Tetraneft Corporation, Chevrolet, Nissan, GEVO, Inc., Neste, World Energy, Marathon Petroleum Corporation, Phillips 66, Ryze Renewables, Aemetis, Inc., and Global Clean Energy Holdings, Inc

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