Data Bridge Market Research has unveiled a new report called "Sustainable Aviation Fuel Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The "Sustainable Aviation Fuel Market" marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Data Bridge Market Research analyses that the sustainable aviation fuel market is expected to reach the value of EURO 11,675.53 million by 2029, at a CAGR of 47.9% during the forecast period. “Bio Fuel" accounts for the largest technology segment in the sustainable aviation fuel market due to rapid developments in technological pathways to commercialize the use of alternative jet fuel. The sustainable aviation fuel market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Market Definition:
Sustainable aviation fuel is a unique form of fuel designed for use in aircraft and at the same time will increase the performance of aircraft. Sustainable aviation fuels are derived from sustainable feedstock and could be very comparable in their chemistry to standard fossil jet fuel. An increase in the utility of sustainable aviation fuels bring about a reduction in carbon emissions in comparison to the traditional jet fuel because it replaces the lifecycle of the fuel.
Recent Developments:
- In March 2022, Neste in collaboration with DHL Express announced one of the largest ever sustainable aviation fuel deals. This agreement is Neste’s largest for Sustainable aviation fuel (SAF) to date and one of the largest SAF agreements in the aviation industry. This collaboration will enhance Neste’s current network by offering seamless connectivity all over the world
- In March 2022, BP ventures has made a £3 million equity investment in Flylogix – a pioneering unmanned aerial vehicle (UAV) business that uses drones to aid methane detection. These BP ventures focuses on connecting and growing new energy business and current network by offering seamless connectivity all over the world
Some of the major players operating in the sustainable aviation fuel market are:
- Neste
- Gevo
- VELOCYS
- Fulcrum BioEnergy
- SkyNRG
- Prometheus Fuels
- World Energy
- Avfuel Corporation
- LanzaTech
- Preem AB
- Eni
- Sasol Ltd
- BP p.l.c.
- Cepsa
- Honeywell International Inc
- Chevron Corporation
- TotalEnergies
- Exxon Mobil Corporation
- Johnson Matthey
- VIRENT, INC.
- HyPoint Inc.
- ZeroAvia, Inc.
Sustainable Aviation Fuel Market Scope:
The sustainable aviation fuel market is segmented on the basis of fuel type, manufacturing technology, blending capacity, and blending platform. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Fuel Type:
- Bio fuel
- Hydrogen fuel
- Power to liquid fuel
On the basis of fuel type, the global sustainable aviation fuel market is segmented into bio fuel, hydrogen fuel and power to liquid 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)
On the basis of manufacturing technology, the global sustainable aviation fuel market has been 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), fischer tropsch (FT) synthetic paraffinic kerosene with aromatics (FT-SPK/A), alcohol to jet SPK (ATJ-SPK) and catalytic hydrothermolysis jet (CHJ).
Blending Capacity:
- Below 30 %
- 30 % To 50 %
- Above 50%
On the basis of blending capacity, the global sustainable aviation fuel market has been segmented into below 30 %, 30 % to 50 % and above 50%.
Blending Platform:
- Commercial Aviation
- Military Aviation
- Business & General Aviation
- Unmanned Aerial Vehicle
On the basis of blending platform, the global sustainable aviation fuel market has been segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle
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Sustainable Aviation Fuel Market Regional Analysis/Insights:
The global sustainable aviation fuel market is analysed and market size insights and trends are provided by country, fuel type, manufacturing technology, blending capacity, and blending platform industry as referenced above.
The countries covered in the Sustainable aviation fuel market report are U.S., Canada and Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, and the rest of Europe in Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, and the rest of Asia-Pacific in the Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and the rest of the Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, Caribbean, Colombia, Peru, Chille, Panama, Venezuela and rest of South America as part of South America.
The rising infrastructure, commercial, and aviation industrial developments in emerging countries such as U.S., Canada and Mexico are credited with the market's dominance. U.S. dominates the North America region due to the leading alternative replacements for conventional jet fuel. U.K. dominates the Europe Sustainable aviation fuel market, due to increase in investments for the growth of commercial aircrafts. China dominates the Asia-Pacific Sustainable aviation fuel market. The demand in this region is projected to be driven by increase in demand for sustainable aviation fuel by airlines.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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