Sustainable Aviation Fuel Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Sustainable Aviation Fuel Market grew at a CAGR of 14.6% between 2017-2021 and is estimated to be US$ 274.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 31.6% and is expected to reach a valuation of US$ 4,278.2Mn by 2032 end.
The aviation industry’s goal to uncouple carbon emissions from traffic growth depends heavily on using sustainable fuel. The global market for sustainable aviation fuel is expanding due to several factors, including an increase in air travel, an increase in the usage of synthetic lubricants, and an increase in the number of airline passengers paired with an increase in disposable money.
Different aviation sector participants are adopting renewable jet fuels, hybrid-electric and all-electric aircraft, and sustainable aviation fuels. Nevertheless, the use of sustainable aviation fuel is thought to be the most dependable and practical alternative solution in terms of socioeconomic advantages compared to others. It greatly lessens the existing and anticipated future environmental impacts of aviation.
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ChemView Consulting has analyzed that sustainable aviation fuels are crucial to fulfilling the aviation industry’s promises to uncouple rising carbon emissions from increased traffic. Depending on the sustainable feedstock utilized, the production process, and the supply chain to the airport, SAF offers a remarkable decrease in CO2 emissions of up to 80% over the fuel’s lifecycle compared to fossil jet fuel.
As a substitute for jet fuel, biofuel is employed in commercial and technological channels, making it the largest segment of the global market for sustainable aviation fuel. Rich nations like Norway, the Netherlands, and the UK make significant investments in constructing these infrastructures.
Segments Covered in Report
By Platform:
- Commercial Aviation
- Military Aviation
- Business & General Aviation
- Unmanned Aerial Vehicle
By Biofuel Blending Capacity:
- Below 30%
- 30% to 50%
- Above 50%
By Type:
- Total Stations
- Global Navigation Satellite Systems (GNSS)
- Laser Scanners
- Sensors
- Others
By Biofuel Manufacturing Technology:
- Hydro processed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-
- 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 Fuel Type:
- Biofuel
- Hydrogen Fuel
- Power to Liquid Fuel
- Gas-to-Liquid
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Sustainable Aviation Fuel Market
- Based on the fuel type, biofuel is employed in commercial and technological channels as a substitute for jet fuel, making it the largest segment of the global market for sustainable aviation fuel. Rich nations like Norway, the Netherlands, and the UK make significant investments in constructing these infrastructures.
- Based on the biofuel blending capacity, the 30% to 50% segment performs best compared to other segments in this category. The existence of moderate blend capacity, drop-in-facility in current fuel systems, and supply logistics infrastructure are the driving forces behind the expansion of this market. Technology-based channels are the other factor that promotes the growth of research and development.
- Based on the region, With a market share of 57.8%, North America is anticipated to grow at the highest CAGR over the projection period. Countries like the US and Canada in North America are concentrating on various programs to use renewable aviation fuel to address the demand for a decrease in carbon footprints due to increased air traffic and air passengers.
Competition Summary
Key companies covered in the market study are Neste, Fulcrum BioEnergy, LanzaTech, World Energy, TotalEnergy
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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