Global Sustainable Aviation Fuel Market Research Report: Forecast (2023-2028)

By Fuel Type (Hydrogen Fuel, Biofuel, Power to Liquid Fuel), By Manufacturing Method (Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Hydroprocessed Esters and Fatty Acids......(HEFA-SPK), Hydroprocessed Fermented Sugars to Synthetic Isoparaffins (HFS-SIP), FT-SPK with aromatics (FT-SPK/A), Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK), Catalytic hydrothermolysis synthetic jet fuel (CHJ)), By End Users (Military Aviation, Business and General Aviation, Commercial Aviation), By Blending Capacity (Below 30%, 30% to 50%, Above 50%), By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa), By Company (Gevo Inc., Eni SPA, Neste Oyj, Fulcrum Bioenergy, SKYNRG, Avfuel Corporation, Velocys, Red Rock Biofuels, Sundrop Fuels Inc., ZeroAvia, Inc., Aemetis, Inc., Ballard Power Systems, and SG Preston Company and Others) Read more

  • Aerospace & Defense
  • Apr 2021
  • 202
  • PDF, Excel, PPT

Market Definition

Sustainable Aviation Fuels, often produced from renewable resources like biologically originated waste oil, agricultural residues, & biomass, among others, are considered a clean alternative to fossil fuels. The operating efficiency of these fuels is comparable to conventional fuels but with fractional environmental impact.

Market Insights & Analysis: Global Sustainable Aviation Fuel Market (2023-28)

The Global Sustainable Aviation Fuel Market size was valued at USD 610 billion in 2022 and is projected to grow at a CAGR of around 56.32% during the forecast period, i.e., 2023-28. The growth of the market would be driven primarily by the escalating concerns over the accumulative carbon & Green House Gas (GHG) emissions worldwide, which has compelled numerous sectors to come up with more sustainable solutions. Since the aviation industry is one of the prominent contributors to the increasing global burden of such emissions, the emergence of sustainable aviation fuels seems promising, i.e., instigating the demand for fuel alternatives like hydrogen fuel, biofuel, & power-to-liquid fuel, etc.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR(2023-28) 56.32%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Others
Asia-Pacific: China, India, Japan, South Korea, Others
South America: Brazil, Others
Middle East & Africa: GCC, South Africa, Others
Key Companies Profiled Gevo Inc., Eni SPA, Neste Oyj, Fulcrum Bioenergy, SKYNRG, Avfuel Corporation, Velocys, Red Rock Biofuels, Sundrop Fuels Inc., ZeroAvia, Inc., Aemetis, Inc., Ballard Power Systems, SG Preston Company and Others
Market Value (2022) USD 610 billion

 

These fuel alternatives are anticipated to come as a feasible solution with several socio-economic benefits & contribute significantly to mitigating the hazardous environmental effects of the aviation sector. The market is further characterized by the latest technological advancements in the production pathways of SAF that have proven more effective in reaching the scale required to support ambitious climate goals. For example:

  • In MAY 2023, Honeywell announced the launch of a new processing solution, named UOP refining technology, that seeks to facilitate the production of sustainable aviation fuel (SAF) from captured CO2 at scale. The solution is all set to be deployed at the anticipated world's largest eFuels SAF facility, with HIF Global as its first customer.

With an exponential rise in passenger traffic, numerous airline companies worldwide are swiftly expanding their commercial aircraft fleet, which requires them to turn to such latest technologies to mitigate their massive carbon footprints. Given this, these airlines are formulating GHG reduction targets and offtake agreements for sustainable aviation fuel. For example,

  • Delta Airlines has come forward with sustainable aviation fuel goals that include achieving 10% SAF usage by the end of 2030, 35% by 2035, and at least 95% by 2050.

It is primarily because of the remarkable properties of renewable fuels in reducing lifecycle GHG emissions by 85% as compared to conventional fuels. Thus, the increasing inclination of airlines towards adopting SAF as a part of their strategies to curb carbon emissions is expected to bode well for industry growth.

Furthermore, several initiatives by the government to decarbonize the aviation sector, including the mandates regarding SAF use, have further influenced the market dynamics, paving the way for extensive utilization and, subsequently, the production of SAF. For instance:

  • European Parliament and EU Council announced an agreement on new rules demanding a minimum SAF share of fuel at EU airports, rising to 70% by 2050.

Backed by the continuous government support in terms of mandates & incentives, the Global Sustainable Aviation Fuel Market is set to flourish during the forecast years.

Global Sustainable Aviation Fuel Market Research Report (2023-2028) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Sustainable Aviation Fuel Market
  5. Global Sustainable Aviation Fuel Market Trends & Insights
  6. Global Sustainable Aviation Fuel Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Sustainable Aviation Fuel Market Hotspots & Opportunities
  8. Global Sustainable Aviation Fuel Market Value Chain Analysis
  9. Global Sustainable Aviation Fuel Market Regulations & Policy
  10. Global Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
        1. Hydrogen Fuel
        2. Biofuel
        3. Power to Liquid Fuel
      2. By Manufacturing Method
        1. Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
        2. Hydroprocessed Esters and Fatty Acids (HEFA-SPK)
        3. Hydroprocessed Fermented Sugars to Synthetic Isoparaffins (HFS-SIP)
        4. FT-SPK with aromatics (FT-SPK/A)
        5. Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK) 
        6. Catalytic hydrothermolysis synthetic jet fuel (CHJ)
      3. By End Users
        1. Military Aviation
        2. Business and General Aviation
        3. Commercial Aviation
      4. By Blending Capacity
        1. Below 30%
        2. 30% to 50%
        3. Above 50%
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East & Africa
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  11. North America Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Manufacturing Method
      3. By Application
      4. By Blending Capacity
      5. By Country
        1. US
        2. Canada
        3. Mexico
    3. US Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    4. Canada Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    5. Mexico Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
  12. South America Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Manufacturing Method
      3. By Application
      4. By Blending Capacity
      5. By Country
        1. Brazil
        2. Others
    3. Brazil Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
  13. Europe Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Manufacturing Method
      3. By Application
      4. By Blending Capacity
      5. By Country
        1. Germany
        2. France
        3. The UK
        4. Spain
        5. Italy
        6. Others
    3. Germany Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    4. France Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    5. The UK Sustainable Aviation Fuel Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    6. Spain Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    7. Italy Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
  14. Asia-Pacific Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Manufacturing Method
      3. By Application
      4. By Blending Capacity
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    4. India Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    5. Japan Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    6. South Korea Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
  15. Middle East & Africa Sustainable Aviation Fuel Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Manufacturing Method
      3. By Application
      4. By Blending Capacity
      5. By Country
        1. GCC
        2. South Africa
        3. Others
    3. GCC Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
    4. South Africa Sustainable Aviation Fuel Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
  16. Key Strategic Imperatives for Success and Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product/Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Gevo Inc.
      2. Eni SPA
      3. Neste Oyj
      4. Fulcrum Bioenergy
      5. SKYNRG
      6. Avfuel Corporation
      7. Velocys
      8. SG Preston Company
      9. Red Rock Biofuels
      10. Aemetis, Inc
      11. Sundrop Fuels Inc.
      12. ZeroAvia, Inc.
      13. Aemetis, Inc.
      14. Ballard Power Systems
      15. SG Preston Company
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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