About Sustainable Aviation Fuels
Sustainable Aviation Fuels is a clean substitute for fossil jet fuels. It is showed as one of the important elements that helping achieve required aviation goals. With the huge support from the government across the developed nations. The governmental support of using sustainable aviation fuels to gain the industry's climate goals such as high engagement of a wide range of industry and policy stakeholders’ partnerships. And also provide policy support at the national, regional level to create an important framework for the commercialization of sustainable aviation fuels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.1% |
Sustainable Aviation Fuel is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Sustainable Aviation Fuels market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (United States), Neste (Finland), Gevo (United States), World Energy (United States), Velocys (United Kingdom), Aemetis, Inc. (United States), Red Rock Biofuels (United States) and SG Preston Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Petrixo Oil & Gas (United Arab Emirates), Sundrop Fuels, Inc. (United States) and Hypoint, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sustainable Aviation Fuels market by , Application (Commercial Aviation, Military Aviation and Others) and Region.
On the basis of geography, the market of Sustainable Aviation Fuels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Commercial Aviation will boost the Sustainable Aviation Fuels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Biofuel Manufacturing Technology, the sub-segment i.e. Fischer Tropsch Synthetic Paraffinic Kerosene will boost the Sustainable Aviation Fuels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel , the sub-segment i.e. Biofuel will boost the Sustainable Aviation Fuels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Biofuel Blending Capacity, the sub-segment i.e. Below 30% will boost the Sustainable Aviation Fuels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development Such as Hydrothermal Liquefaction, Pyrolysis Pathways or Pyrolysis-to-Jet and High Investment in Research and Development
Market Growth Drivers:
Growing Requirement of Decrease in GHG Emissions Across Aviation Industry and The Rise in the Air Passengers Across the Globe
Challenges:
High Operating Cost Associated with Sustainable Aviation Fuels and Huge Investments Mandatory for Approval and Certification of Sustainable Aviation Fuel
Restraints:
Lack of Availability of Sustainable Aviation Fuels Production Demand
Opportunities:
High Acceptance for Sustainable Aviation Fuels by Aviation Industry Across the Globe and Increasing Government Initiatives Including Tax Reductions and Other Favourable Regulations is Creating Huge Opportunity in this Market
Market Leaders and their expansionary development strategies
In April 2023, Neste and Viva Aerobus signed purchase agreement for one million litres of sustainable aviation fuel. The SAF supplied to Viva Aerobus blended with conventional jet fuel and used to power the airline’s flights from Los Angeles International airport.
In December 2023, Not for Profit Registry launched COP28, supporting major consumers of air travel and transport in their efforts to help directly decarbonize flight with an enterprise grade digital tool. The registry was created by clean energy non-profit RMI and environmental defense fund, in collaboration with the sustainable aviation buyer’s alliances and digital solutions developer energy web.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sustainable Aviation Fuels Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.