Request Discount

Sustainable Aviation Fuel Market (Fuel Type - Biofuel, Hydrogen Fuel, and Power to Liquid Fuel; Aircraft Type - Fixed Wings, Rotorcraft, and Others; Platform - Commercial Aviation, Military Aviation, Business & General Aviation, and Unmanned Aerial Vehicle): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : February, 2022

  • Rep Id : AT00244

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the sustainable aviation fuel market provides in-depth analysis of segments and sub-segments in the global as well as regional sustainable aviation fuel market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sustainable aviation fuel market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sustainable aviation fuel market. According to the report, the global sustainable aviation fuel market is projected to grow at a CAGR of 61% over the forecast period of 2021-2027. The market growing from around USD 179 million in 2021 to around USD 3,110 million in 2027.

 

Market Insight

Sustainable aviation fuel is a biofuel that is been used to power aircraft that have similar properties to conventional jet fuel but with a smaller carbon footprint. Sustainable Aviation Fuel is a clean substitute for fossil jet fuels. Rather than being refined from petroleum, Sustainable Aviation Fuel is produced from sustainable resources such as waste oils from a biological origin, Agri residues, or non-fossil CO. They can be made from various renewable resources such as used cooking oil, municipal waste, and woody biomass. They are safe, proven fuel, which has the potential to reduce lifecycle emissions by up to 80%, compared to conventional aviation fuel. Aviation fuels consist of mixtures of over more than two thousand chemicals, primarily hydrocarbons (paraffin, olefins, naphthene, and aromatics), additives such as antioxidants, metal deactivators, biocides, static reducers, icing inhibitors, corrosion inhibitors, and impurities The COVID-19 outbreak had a significant impact on the world’s economic activity, with organizations, governments, and businesses having to face the challenges of the crisis. As many governments in countries imposed strict regulations that restricted people from moving out of their houses. Moreover, Air travel restrictions and cancellation of flights across various regions for both domestic and international flights have led to inactive fleets across the globe. Aircraft manufacturers and other related service provider industries had to face significant impacts from the COVID situation. Furthermore, the limited workforce in order to avoid the spread of this infectious disease and a temporary shutdown in production activities has resulted in delayed deliveries of new aircraft that has ultimately affected the demand for sustainable aviation fuel in the market

 

The increase in the number of airline passengers, with increased disposable income is expected to drive the growth of the sustainable aviation fuel market. Most people choose to travel by air over other conventional modes of transportation since it is the safest and fastest mode of transportation with less number of flight cancellations. This led to an increase in demand for the size of the aircraft fleet as well as the frequency of flights, which requires efficient fuels and, as a consequence, propel the worldwide sustainable aviation fuel market. The low availability of fuel also creates a difficulty for the blending capacity of the fuel, leading to less efficiency. A drop-in fuel is deemed to be correspondent to conventional jet fuel and can be also used in current engines and infrastructure without any modifications in it. These requirements are essential for safety, general usage, and reduction of carbon footprint in the aviation industry.

 

Among the regions, North America accounted for the largest share in the global Sustainable Aviation Fuel Market. This region has the largest market for both the aviation industry and renewable aviation fuel. Moreover, to provide the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focusing more on various initiatives to utilize sustainable aviation fuel. However, the Asia Pacific region is anticipated to grow with the highest rate in the global Sustainable Aviation Fuel Market over the forecast period. Asia-Pacific has the most feedstock for sustainable aviation fuel. Moreover, Asia Pacific airlines have renewed their call for governments in the region to support the use of sustainable aviation fuel (SAF) so that the industry can reduce its reliance on fossil fuels.


Sustainable Aviation Fuel Market

 


Segment Covered

The report on the global sustainable aviation fuel market covers segments such as fuel type, aircraft type, and platform. On the basis of fuel type, the sub-markets include biofuel, hydrogen fuel, and power to liquid fuel. On the basis of aircraft type, the sub-markets include fixed wings, rotorcraft, and others. On the basis of platform, the sub-markets include commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Neste, Aemetis, Inc, Avfuel Corporation, Avfuel Corporation, Gevo, Lanzatech, Preem AB, Sasol, SkyNRG, and World Energy.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sustainable aviation fuel market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount