Key Highlights
• To create an ecologically friendly atmosphere and meet strict regulatory limits on emissions, the aviation sector is committed to reducing carbon footprints. Various aviation sector stakeholders are implementing alternatives such as enhancing aero-engine efficiency through design changes, hybrid-electric & fully electric airliners, renewable jet fuels, etc. The widespread usage of sustainable aviation fuels, including e-fuels, synthetic petroleum products, green jet fuel, bio jet fuel, and hydrogen fuels, is one of the most practical alternative solutions as compared to other methods in terms of socioeconomic benefits, and it considerably lessens the consequences of aviation on the environment now and in the future. Additionally, as a result of the increase in air travel, airlines across the board are growing their commercial fleets. These sizable and expanding fleets are driving up demand for sustainable aviation fuel for a short- to medium-term means of cutting greenhouse gas emissions.
• The market for sustainable aviation fuel was worth USD 442.3 million in 2022, and by 2032, it is anticipated to have grown to be worth USD 17.92 billion, with a CAGR of 49% between 2023 to 2032.
• In order to research and produce sustainable aviation fuel in large quantities, Iberia & Iberia Express and CEPSA reached an agreement in January 2022. According to the agreement, SAF must be generated from waste, recovered oils, and second-generation plant-based bio feedstock.
• An increase in carbon dioxide emissions in the aviation industry is related to an increase in the number of passengers flying. Governments all over the world are aggressively implementing the carbon capture process in an effort to reduce CO2 emissions. The global market is driven by increased SAF utilisation since it reduces CO2 emission in the aviation industry.
• By 2050, the aviation sector must cut emissions by about 64% in order to achieve net zero emissions. Relying on the sustainable raw material utilised, the manner of production, and the distribution system to the aircraft, SAF minimises carbon dioxide emissions along the fuel's value chain by about 80%, especially when compared to jet fuel.
Scope of the Industry Profile
Key Players
• Northwest Advanced Biofuels, LLC.
• Red Rock Biofuels
• Fulcrum BioEnergy, Inc.
• Aemetis, Inc.
• TotalEnergies SE
• OMV Aktiengesellschaft
• Neste Oyj
• SKYNRG
• Gevo Inc.
• Eni SPA
• Avfuel Corporation
• SG Preston Company
• Sundrop Fuels Inc.
• Ballard Power Systems
• Velocys
• ZeroAvia, Inc.
Segmentation
By Fuel Type
• Biofuel
• Hydrogen Fuel
• Power to Liquid Fuel
• Gas-to-Liquid
By Biofuel Manufacturing Technology
• Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
• Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
• Synthetic Iso-paraffin from Fermented Hydro processed Sugar (HFS-SIP)
• Alcohol to Jet SPK (ATJ-SPK)
• Catalytic Hydro thermolysis Jet (CHJ)
By Biofuel Blending Capacity
• Below 30%
• 30% to 50%
• Above 50%
By Aircraft Type
• Fixed Wings
• Rotorcraft
• Others
By Aircraft Application
• Commercial
• Regional Transport Aircraft
• Military Aviation
• Business & General Aviation
• Unmanned Aerial Vehicles
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Sustainable Aviation Fuel market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Sustainable Aviation Fuel market.
3. Leading company profiles reveal details of key Sustainable Aviation Fuel market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Sustainable Aviation Fuel market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Developments
• July’21, the European Commission released the "Fit for 55" package of legislative measures. One part of the plan is the ReFuelEU strategies, which aims to boost SAF production and adoption.
• The largest SAF transactions in history were disclosed by DHL Express & Neste Company in March 2022. One of the most significant sustainable aviation fuel agreements in the aviation sector, this arrangement represents Neste's most noticeable SAF. Global connectivity from this partnership will improve Neste's current web.
• In May 2021 Aviation Sustainable Skies Act, which is which intends to increase benefits for the use of SAF, was introduced by the US Congress.
• A resolution was passed at the 77th IATA annual general assembly in Boston calling for the global aviation sector to achieve net-zero greenhouse gas emissions by 2050. The Paris Agreement's goal of keeping global warming to 1.5°C was aligned with the aforementioned promise. One potential outcome is that the SAF will reduce this by 65%.
Segment Insights
• In terms of fuel type, the biofuel category accounted for the largest portion of the global industry in 2022, and it is anticipated that it will continue to dominate throughout the anticipated time frame. Most of the natural biomass used to make biofuels is commonplace, including fuelwood, charcoal, and animal excrement.
• Water usage for PtL output is likewise considerably lower than for the generation of biofuels. Because of this, PtL is seen as an essential technology for permitting a fully sustainable, feasible, post-fossil energy alternative for aviation in the long run while avoiding potential risks and unfavourable side effects linked to the energised utilisation of cultivated biomass or in land use, which is causing the power-to-liquid (PtL) segment of the aviation fuel market to grow.
• In 2022, the Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) category dominated the market with the highest market revenue and the largest market share. As a result of producing the bulk of commercially available biofuels, the hydro-processed fatty acid esters with fatty acids synthetic paraffinic kerosene (HEFA-SPK) industry will also control the market by 2030. Vegetable oil is used in the HEFA-SPK industry, first oxygenated, then hydrogenated, to break down lipid molecules into hydrocarbons.
Regional Insights
• The highest CAGR is anticipated for North America throughout the forecast period. Countries like Canada & US in the North American region are concentrating on various programmes to use the sustainable aviation fuel to meet the need for a decrease in carbon emissions due to an increase in air traffic & air passengers. The North American market is considered to be one of the key demand centres for sustainable aviation fuel due to its supportive regulations and measures to reduce aviation emissions. Among the initiatives being carried out by countries in the area, including the US and Canada, are the CAAFI (Commercial Aviation Alternative Fuel Initiative), the MASBI (Midwest Aviation Sustainable Biofuels Initiative), and Canada's Bio-jet Supply Chain Initiative projects undertaken by nations in the region, including the US and Canada.
• Furthermore, it is expected that during the projected period, the Asia-Pacific region will increase at the fastest rate—more than 63%. The growing number of low-cost aircraft and the quick development of infrastructures in emerging economies are to blame for this expansion. Furthermore, throughout the anticipated period, market expansion will be aided by increased governmental and private investment on establishing aviation facilities for emerging economies.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY FUEL TYPE
6.1 Global Market Revenue & Share Analysis, By Fuel Type
6.1.1 Biofuel
6.1.2 Hydrogen Fuel
6.1.3 Power to Liquid Fuel
6.1.4 Gas-to-Liquid
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY BIOFUEL MANUFACTURING TECHNOLOGY
7.1 Global Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
7.1.1 Hydroprocessed Fatty Acid Esters and Fatty
Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
7.1.2 Fischer Tropsch Synthetic Paraffinic
Kerosene (FT-SPK)
7.1.3 Synthetic Iso-paraffin from Fermented
Hydroprocessed Sugar (HFS-SIP)
7.1.4 Alcohol to Jet SPK (ATJ-SPK)
7.1.5 Catalytic Hydrothermolysis Jet (CHJ)
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY BIOFUEL BLENDING CAPACITY
8.1 Global Market Revenue & Share Analysis, By Biofuel
Blending Capacity
8.1.1 Below 30%
8.1.2 30% to 50%
8.1.3 Above 50%
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY AIRCRAFT TYPE
9.1 Global Market Revenue & Share Analysis, By Aircraft Type
9.1.1 Fixed Wings
9.1.2 Rotorcraft
9.1.3 Others
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY AIRCRAFT APPLICATION
10.1 Global Market Revenue & Share Analysis, By Aircraft
Application
10.1.1 Commercial
10.1.2 Regional Transport Aircraft
10.1.3 Military Aviation
10.1.4 Business & General Aviation
10.1.5 Unmanned Aerial Vehicles
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 SUSTAINABLE AVIATION FUEL MARKET
OVERVIEW, BY REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Fuel
Type
12.2 North America Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
12.3 North America Market Revenue & Share Analysis, By Biofuel
Blending Capacity
12.4 North America Market Revenue & Share Analysis, By Aircraft
Type
12.5 North America Market Revenue & Share Analysis, By Aircraft
Application
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Fuel Type
13.2 Europe Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
13.3 Europe Market Revenue & Share Analysis, By Biofuel
Blending Capacity
13.4 Europe Market Revenue & Share Analysis, By Aircraft Type
13.5 Europe Market Revenue & Share Analysis, By Aircraft
Application
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Fuel Type
14.2 APAC Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
14.3 APAC Market Revenue & Share Analysis, By Biofuel Blending
Capacity
14.4 APAC Market Revenue & Share Analysis, By Aircraft Type
14.5 APAC Market Revenue & Share Analysis, By Aircraft
Application
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Fuel Type
15.2 MEA Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
15.3 MEA Market Revenue & Share Analysis, By Biofuel Blending
Capacity
15.4 MEA Market Revenue & Share Analysis, By Aircraft Type
15.5 MEA Market Revenue & Share Analysis, By Aircraft
Application
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Fuel Type
16.2 SA Market Revenue & Share Analysis, By Biofuel
Manufacturing Technology
16.3 SA Market Revenue & Share Analysis, By Biofuel Blending
Capacity
16.4 SA Market Revenue & Share Analysis, By Aircraft Type
16.5 SA Market Revenue & Share Analysis, By Aircraft
Application
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Product Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 Northwest Advanced Biofuels, LLC.
18.2.1.1 Business Overview
18.2.1.2 Products Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Red Rock Biofuels
18.2.3 Fulcrum BioEnergy, Inc.
18.2.4 Aemetis, Inc.
18.2.5 TotalEnergies SE
18.2.6 OMV Aktiengesellschaft
18.2.7 Neste Oyj
18.2.8 SKYNRG
18.2.9 Gevo Inc.
18.2.10 Eni SPA
19 DISCLAIMER
20 APPENDIX
