Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the sustainable aviation fuel market provides an 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 the 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 over 60%
over the forecast period of 2022-2028.
The sustainable aviation fuel
market growing from nearly USD 290 million in 2022 to over USD 5000 million in 2028
to grow with a CAGR of over 60% over the forecast period. 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 of a biological origin, Agriculture
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 have 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 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 of 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 at 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.
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.
The report provides profiles of
the companies in the market such as Neste, Aemetis, Inc, OMV Aktiengesellschaft,
BP PLC, Gevo, LanzaTech, Shell PLC, Sasol, SkyNRG, and World Energy.
The report provides deep insights
into 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 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 forecasts from 2022-2028. 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 insight into the market share of the leading players.
Please Choose One of them.