Sustainable Aviation Fuel Market

Global Sustainable Aviation Fuel Market by Fuel Types (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Fuel Manufacturing Technology (Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), Catalytic Hydrothermolysis Jet (CHJ)), Fuel Blending Capacity (Below 30%, 30% to 50%, Above 50%), Platforms (Commercial Aviation, Narrow-Body Aircraft (NBA), Wide-Body Aircraft (WBA), Very Large Aircraft (VLA), Regional Transport Aircraft (RTA), Military Aviation, Business & General Aviation, Unmanned Aerial Vehicles (UAVS)), and Regions (AsiaPacific, North America, Europe, Latin America, and Middle East & Africa) Forecast, 2020-2027

  • Report ID: AD-177
  • Author: Growth Market Reports
  • Rating: 4.5
  • Total Reviews: 5
  • No. Of Pages: 145
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The global sustainable aviation fuel market is projected to expand at a high CAGR during the forecast period, between 2020 and 2027. Governments around the globe are encouraging the use of sustainable aviation fuel to reduce the emission of harmful gases, which in turn, is driving the growth of the global sustainable aviation fuel market.

The aviation industry has always been keen on reducing the carbon footprint. The industry is researching of novel ways of attaining a sustainable environment, while meeting strict emission related standards. A few alternatives to the conventional fuel are being used by stakeholders in the industry to achieve these goals are such as engine design modifications for aero-engine efficiency, all electric or hybrid electric aircrafts, and renewable jet fuels. Nevertheless, out of all the solution adoption of renewable jet fuel or sustainable aviation fuel is considered to be an efficient alternative. Fuels including synthetic fuels, e-fuels, hydrogen fuels, green jet fuels, and bio-jet fuel are included in the list of sustainable fuels. These fuels are feasible solution considering socio and economic benefits they provide as compared to other alternatives.
 

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing need to reduce green house gases (GHG) emission in the aviation industry is driving the demand for sustainable aviation fuels.
  • Insufficient availability of feedstock and refineries to meet sustainable aviation fuel production demand is restraining the market.
  • Ability of sustainable aviation fuels to reduce the carbon footprint is expected to boost the demand and create lucrative opportunities in the sustainable aviation fuel market.


Scope of the report:

Attributes

Details

Base Year

2019

Historic Data

2017 & 2018

Forecast Period

2020–2027

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast


The report on sustainable aviation fuel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
 

Sustainable Aviation Fuel Market Segment Insights:

Biofuel segment to hold significant market share
In the terms offuel types, the sustainable aviation fuel market can be segmented into biofuel, hydrogen fuel, and power to liquid. The biofuel segment is projected to grow at a significant pace during the forecast perioddue its ability to reduce CHG emission at a significant rate, thus having a positive effect on the environment.

Hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK)segment constitutessubstantial market share
Based on fuel manufacturing technology, the market is fragmented into fischertropsch synthetic paraffinic kerosene (FT-SPK), hydroprocessed esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK), synthetic iso-paraffin from fermented hydroprocessed sugar (HFS-SIP), fischertropsch (FT) synthetic paraffinic kerosene with aromatics (FT-SPK/A), alcohol to jet SPK (ATJ-SPK), and catalytic hydrothermolysis jet (CHJ). The hydroprocessed esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK)segment holds significant market share and is projected to expand at rapid pace during the forecast period.

30% to 50%segment to grow during the forecast period
On the basis of fuel blending capacity, the sustainable aviation fuel market can be segregated into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is expected to hold a significant share of the market during the forecast period. The adequate blend volume and the compatibility of the fuel to be used in the existing fuel systems are driving the demand for sustainable aviation fuels with 30% to 50% blending capacity.

Commercial aviationsegment to expand during the forecast period
In terms of the platform, the market is classified ascommercial aviation, narrow-body aircraft (NBA), wide-body aircraft (WBA), very large aircraft (VLA), regional transport aircraft (RTA), military aviation, business & general aviation, unmanned aerial vehicles (UAVS). Furthermore, military aviation is sub-segmented as fighter jets, transport aircraft, and military helicopters.The business & general aviation segment is further categorized asbusiness jets, commercial helicopters, and ultra-light & light aircraft. The unmanned aerial vehicles (UAVS) segment is classified as commercial unmanned aerial vehicles, military unmanned aerial vehicles. The commercial aviation segment holds a significant share of the marketdue to the surge in the commercial aircraft fleet of developing economies.

North America dominates the global market
In terms of regions, the global sustainable aviation fuel market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Countries such as the US and Canada are focused on various initiatives to utilize the renewable aviation fuel to meet to the need to reduce carbon footprints due to increasing air traffic and air passengers; therefore, the North America dominates the global market. Additionally, with supportive policies and initiatives to decarbonize aviation emissions, the demand for sustainable aviation fuel is projected to be high in North America. Initiatives taken to encourage the use of sustainable aviation fuel in North America is fueling the growth of sustainable aviation fuel market in the region.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sustainable Aviation Fuel Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sustainable Aviation Fuel Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sustainable Aviation Fuel Market - Supply Chain
  4.5. Global Sustainable Aviation Fuel Market Forecast
     4.5.1. Sustainable Aviation Fuel Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sustainable Aviation Fuel Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sustainable Aviation Fuel Market Absolute $ Opportunity
5. Global Sustainable Aviation Fuel Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     5.3.1. Biofuel
     5.3.2. Hydrogen Fuel
     5.3.3. Power to Liquid Fuel
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sustainable Aviation Fuel Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Sustainable Aviation Fuel Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
7. North America Sustainable Aviation Fuel Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Sustainable Aviation Fuel Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     7.4.1. Biofuel
     7.4.2. Hydrogen Fuel
     7.4.3. Power to Liquid Fuel
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
8. Latin America Sustainable Aviation Fuel Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Sustainable Aviation Fuel Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     8.4.1. Biofuel
     8.4.2. Hydrogen Fuel
     8.4.3. Power to Liquid Fuel
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
9. Europe Sustainable Aviation Fuel Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Sustainable Aviation Fuel Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     9.4.1. Biofuel
     9.4.2. Hydrogen Fuel
     9.4.3. Power to Liquid Fuel
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
10. Asia Pacific Sustainable Aviation Fuel Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Sustainable Aviation Fuel Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     10.4.1. Biofuel
     10.4.2. Hydrogen Fuel
     10.4.3. Power to Liquid Fuel
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
11. Middle East & Africa Sustainable Aviation Fuel Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Sustainable Aviation Fuel Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Sustainable Aviation Fuel Market Size and Volume Forecast by Types
     11.4.1. Biofuel
     11.4.2. Hydrogen Fuel
     11.4.3. Power to Liquid Fuel
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Sustainable Aviation Fuel Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Sustainable Aviation Fuel Market: Market Share Analysis
  12.2. Sustainable Aviation Fuel Distributors and Customers
  12.3. Sustainable Aviation Fuel Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

By Fuel Types

  • Biofuel

  • Hydrogen Fuel

  • Power to Liquid Fuel

By Fuel Manufacturing Technology

  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)

  • HydroprocessedEsters And Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)

  • Synthetic Iso-Paraffin From Fermented Hydroprocessed Sugar (HFS-SIP)

  • Fischer Tropsch (FT) Synthetic Paraffinic Kerosene With Aromatics (FT-SPK/A)

  • Alcohol To Jet Spk(ATJ-SPK)

  • Catalytic Hydrothermolysis Jet (CHJ)

By Fuel Blending Capacity

  • Below 30%

  • 30% to 50%

  • Above 50%

By Platform

  • Commercial Aviation

  • Narrow-body Aircraft (NBA)

  • Wide-body Aircraft (WBA)

  • Very Large Aircraft (VLA)

  • Regional Transport Aircraft (RTA)

  • Military Aviation

    • Fighter Jets

    • Transport Aircraft

    • Military Helicopters

  • Business & General Aviation

    • Business Jets

    • Commercial Helicopters

    • Ultralight & Light Aircraft

  • Unmanned Aerial Vehicles (UAVS)

    • Commercial Unmanned Aerial Vehicle

    • Military Unmanned Aerial Vehicle

By Regions

  • North America

  • Europe

  • Latin America

  • Asia Pacific

  • Middle East & Africa

 

Key players in the sustainable aviation fuel market include Aemetis, Inc., Amyris, Avfuel Corporation, Ballard Power Systems, BP P.L.C., Chevron Corporation, ENI, Exxon Mobil Corporation, Fulcrum Bioenergy, Gevo, Honeywell International Inc., Hydrogenics, Hypoint, Inc., Johnson Matthey, Lanzatech, Neste, Petrixo Oil & Gas, Preem Ab, Red Rock Biofuels, Sasol, SG Preston Company, Shell, Skynrg, Sundrop Fuels, Inc., Terravia Holdings Inc., Total Sa, Velocys, Virent Inc., World Energy, Zeroavia, Inc.Mergers& acquisitions, collaborations, agreements, and partnerships are some growth strategies adopted by these players to strengthen their geographical presence.

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