Global Sustainable aviation fuel Market Research Report by fuel type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel, Gas-to-Liquid) by Biofuel 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), Alcohol to Jet
Report ID : QR1001463 | Industries : Automotive and Transportation | Published On :February 2022 | Page Count : 245Global Sustainable aviation fuel Market
The sustainable aviation fuel market is projected to grow from USD 209 million in 2021 to USD 12,716 million by 2028, at a CAGR of 58.8% during the forecast period.
Sustainable aviation fuel is a type of fuel that is designed to be used in aircraft while also increasing aircraft efficiency. Sustainable aviation fuels are derived from renewable feedstock’s and have a chemistry that is very similar to traditional fossil jet fuel. Increased use of sustainable aviation fuels reduces carbon emissions compared to traditional jet fuel because it replaces the fuel's lifecycle. The aviation industry is working to reduce carbon footprints in order to achieve a sustainable environment and meet stringent regulatory emission standards.
Market Drivers
There is a growing need in the aviation industry to reduce GHG emissions.
Sustainable aviation fuels are critical to meeting the aviation industry's commitments to decouple carbon emissions increases from traffic growth. SAF reduces CO2 emissions by up to 80% over the lifecycle of the fuel when compared to fossil jet fuel, depending on the sustainable feedstock used, production method, and supply chain to the airport. According to the IATA fact sheet, SAF will be an eligible option for aircraft operators to meet their obligations under the International Aviation Carbon Offsetting and Reduction Scheme (CORSIA).
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Market Restraint
Inadequate feedstock and refinery availability to meet SAF production demand
Oil crops, sugar crops, algae, waste oil, and other biological and non-biological resources are raw materials that play an important role in the entire production chain of alternative aviation fuels such as synthetic fuels, e-fuels, and biojet fuels. The insufficient supply of raw materials required for the production of sustainable aviation fuel may bring the market to a halt. Furthermore, the limitations of refineries, which play an important role in the proper utilisation of these feedstocks, add to the overall process of SAF production. The low availability of fuel also creates a barrier for the fuel's blending capacity, resulting in less efficiency.
Impact of COVID-19
COVID-19 has had a massive impact on global economic activity, requiring individuals, organizations, governments, and businesses to adapt to the crisis's challenges. Air travel restrictions in different regions for both domestic and international flights have resulted in inactive fleets all over the world. The sustainable aviation fuel market, like many other sectors, has been disproportionately impacted by the COVID-19 pandemic due to delays in production activities across various industries. The sustainable aviation fuel market, like many other sectors, has been disproportionately impacted by the COVID-19 pandemic due to delays in production activities across various industries.
Market Segmentation
The Global Sustainable aviation fuel Market is segmented into Biofuel Manufacturing Technology, Biofuel Blending Capacity, and Platform. Based on the Biofuel Blending Capacity, the market is segmented into Below 30%, 30% to 50%, Above 50%. Further, market is segmented into The Platform, the market is segmented into Commercial Aviation, Military Aviation, Business & General Aviation, Unmanned Aerial Vehicle. Fuel type, the market is segmented into Biofuel, Hydrogen Fuel, Power to Liquid Fuel, Gas-to-Liquid. Based on Biofuel Manufacturing Technology , the market is segmented into 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), Alcohol to Jet SPK (ATJ-SPK), Catalytic Hydrothermolysis Jet (CHJ)
Regional Analysis
Global Sustainable aviation fuel Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share. To meet the need for reduced carbon footprints as air traffic and passengers increase, countries such as the United States and Canada in North America are focusing on various initiatives to use renewable aviation fuel. The North American market is regarded as one of the strongest demand centers for sustainable aviation fuel, owing to supportive policies and initiatives to reduce aviation emissions.
Key Players
Various key players are listed in this report such as Aemetis, Inc., Avfuel Corporation, Fulcrum Bioenergy, Gevo, Lanzatech, Neste, Preem AB, Sasol, SkyNRG, and World Energy.
Market Taxonomy
By fuel type
- Biofuel
- Hydrogen Fuel
- Power to Liquid Fuel
- Gas-to-Liquid
By Biofuel 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)
- Alcohol to Jet SPK (ATJ-SPK)
- Catalytic Hydrothermolysis Jet (CHJ)
By Biofuel Blending Capacity
- Below 30%
- 30% to 50%
- Above 50%
By Platform
- Commercial Aviation
- Military Aviation
- Business & General Aviation
- Unmanned Aerial Vehicle
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Sustainable aviation fuel Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Sustainable aviation fuel Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Sustainable aviation fuel Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Sustainable aviation fuel Market, By Fuel type
5.1 Y-o-Y Growth Comparison, By Fuel type
5.2 Global Sustainable aviation fuel Market Share Analysis, By Fuel type
5.3 Global Sustainable aviation fuel Market Size and Forecast, By Fuel type
5.3.1 Biofuel
5.3.2 Hydrogen Fuel
5.3.3 Power to Liquid Fuel
5.3.4 Gas-to-Liquid
6 Global Sustainable aviation fuel Market, By Biofuel Manufacturing Technology
6.1 Y-o-Y Growth Comparison, By Biofuel Manufacturing Technology
6.2 Global Sustainable aviation fuel Market Share Analysis, By Biofuel Manufacturing Technology
6.3 Global Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
6.3.1 Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
6.3.2 Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
6.3.3 Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
6.3.4 Alcohol to Jet SPK (ATJ-SPK)
6.3.5 Catalytic Hydrothermolysis Jet (CHJ)
7 Global Sustainable aviation fuel Market, By Biofuel Blending Capacity
7.1 Y-o-Y Growth Comparison, By Biofuel Blending Capacity
7.2 Global Sustainable aviation fuel Market Share Analysis, By Biofuel Blending Capacity
7.3 Global Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
7.3.1Below 30%
7.3.2 30% to 50%
7.3.3 Above 50%
8 Global Sustainable aviation fuel Market, By Platform
8.1 Y-O-Y Growth Comparison, By Platform
8.2 Global Sustainable aviation fuel Market Share Analysis, By Platform
8.3 Global Sustainable aviation fuel Market Size and Forecast, By Platform
8.3.1 Commercial Aviation
8.3.2 Military Aviation
8.3.3 Business & General Aviation
8.3.4 Unmanned Aerial Vehicle
9 Global Sustainable aviation fuel Market, By Region
9.1 Global Sustainable aviation fuel Market Share Analysis, By Region
9.2 Global Sustainable aviation fuel Market Share Analysis, By Region
9.3 Global Sustainable aviation fuel Market Size and Forecast, By Region
10 North America Sustainable aviation fuel Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Sustainable aviation fuel Market Share Analysis, By Fuel type
10.3 North America Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
10.4 North America Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
10.5 North America Sustainable aviation fuel Market Size and Forecast, By Platform
10.6 North America Sustainable aviation fuel Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Sustainable aviation fuel Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Sustainable aviation fuel Market Share Analysis, By Fuel type
11.3 Europe Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
11.4 Europe Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
11.5 Europe Sustainable aviation fuel Market Size and Forecast, By Platform
11.6 Europe Sustainable aviation fuel Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Sustainable aviation fuel Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Sustainable aviation fuel Market Share Analysis, By Fuel type
12.3 Asia Pacific Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
12.4 Asia Pacific Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
12.5 Asia Pacific Sustainable aviation fuel Market Size and Forecast, By Platform
12.6 Asia Pacific Sustainable aviation fuel Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Sustainable aviation fuel Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Sustainable aviation fuel Market Share Analysis, By Fuel type
13.3 Latin America Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
13.4 Latin America Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
13.5 Latin America Sustainable aviation fuel Market Size and Forecast, By Platform
13.6 Latin America Sustainable aviation fuel Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Sustainable aviation fuel Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Sustainable aviation fuel Market Share Analysis, By Fuel type
14.3 Middle East Sustainable aviation fuel Market Size and Forecast, By Biofuel Manufacturing Technology
14.4 Middle East Sustainable aviation fuel Market Size and Forecast, By Biofuel Blending Capacity
14.5 Middle East Sustainable aviation fuel Market Size and Forecast, By Platform
14.6 Middle East Sustainable aviation fuel Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Aemetis, Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Avfuel Corporation
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Fulcrum Bioenergy
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Gevo
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Lanzatech
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Neste
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Preem AB
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Sasol
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 SkyNRG
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 World Energy
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategie