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Global Sustainable Aviation Fuel Market Research Report - Segmentation By Fuel Type (Bio fuel, Hydrogen Fuel and Power to Liquid Fuel), By Platform (Commercial aviation, Military aviation, Business & general aviation and Unmanned aerial vehicle), By Blending Capacity (Below 30%, 30% to 50% and above 50%) and Region – Industry Forecast 2022-2027

Published: May, 2022
ID: 13041
Pages: 150

Global Sustainable Aviation Fuel Market Size (2022-2027):

The Global Sustainable Aviation Fuel Market was worth US$ 72.10 million in 2021 and is anticipated to reach the valuation of US$ 5998.20 million by 2027 and is predicted to register a CAGR of 56.4% during 2022-2027.

Market Scenario:

Sustainable aviation fuel is a specific type of gasoline that is designed to be used in planes while also increasing their efficiency. Sustainable aviation fuels are made from renewable resources and have a chemistry that is quite comparable to traditional fossil jet fuel. Increased use of sustainable aviation fuels reduces carbon emissions when compared to regular jet fuel because it replaces the fuel's lifespan. To create a sustainable environment and meet severe regulatory limits on emissions, the aviation industry is leaning toward reducing carbon footprints.

Market Growth:

Aviation fuel usage is expected to rise as the aviation sector expands and worldwide trade expands. As a result, the demand for sustainable aviation fuel will increase dramatically in the future in order to attain a sustainable environment.

Market Drivers:

Airlines transported 4.3 billion passengers in 2018, according to figures supplied by the International Civil Aviation Organization (ICAO). Furthermore, by 2040, the number of airline passengers is predicted to exceed 10.0 billion, necessitating the purchase of additional planes to convey people from point A to point B. This in turn increases the size of the aircraft fleet and the frequency of flights, which necessitates efficient fuels and, boosting the worldwide sustainable aviation fuel market.

Sustainable aviation fuel is a greener alternative to fossil fuel, reducing greenhouse gas emissions by up to 80% throughout the course of the fuel's lifecycle when compared to regular fossil jet fuel. As a result, airlines are able to reduce their environmental impact. The gasoline burns cleanly without Sulphur, oxygen, or aromatics and has a higher energy content, reducing dangerous particle Sox and Nox emissions.

Using sustainable aviation fuel is an excellent method to demonstrate to stakeholders and customers your company's commitment to sustainability. Your airline can support a cleaner future for aviation and the earth by aggressively championing the use of sustainable aviation fuels.

Consumers are increasingly looking for more environmentally friendly solutions in their life, with the aviation industry aiming to cut CO2 emissions in half by 2050 compared to 2005 levels. Giving your clients the option of using sustainable aviation fuel – for example, by establishing a scheme where they can purchase it at the same time as their flights – can only be a good thing.

Cumulatively, all these factors are contributing to the expansion of the global sustainable aviation fuel market industry.

Market Restraints:

The COVID-19 epidemic has had a negative impact on the worldwide economy. The installation of a lockdown, the suspension of domestic and international flights, and air travel limitations for non-essential travel have all had a negative influence on the long-term growth of the sustainable aviation fuel industry. Also, due to a limited workforce and a temporary halt in production activities to prevent the spread of coronavirus, new aircraft deliveries have been delayed, affecting demand for sustainable aviation fuel.

A rise in crude oil prices has a greater impact on airlines, as an aircraft uses 14 liters of fuel per kilometer on average, resulting in higher operating costs. Thus, rise in crude oil prices restrict market expansion.

GLOBAL SUSTAINABLE AVIATION FUEL MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

56.4%

Segments Covered

By Fuel Type, Platform, Blending Capacity, and Region.

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Aemetis, Inc., Avfuel Corporation, Fulcrum Bioenergy, Gevo, Lanzatech, Neste, Preem AB, Sasol, SkyNRG, World Energy and Others.

 

Market Segmentation: 

Global Sustainable Aviation Fuel Market - By Fuel Type:

  • Bio fuel
  • Hydrogen Fuel
  • Power to Liquid Fuel

The biofuel segment of the sustainable aviation fuel market will account for the biggest share during the projected period, based on fuel type. Biofuel's greatest promise lies in its ability to reduce GHG emissions in the aviation sector while also having a positive impact on climate change. A major driving force behind biofuel development and consumption has been the aviation sector's strong and ongoing commitment, as well as the active involvement of an increasing number of stakeholders, such as airlines and many aviation organizations, in developing biofuel through voluntary initiatives. Due to substantial advancements in technology approaches to commercialize the use of alternative jet fuel, biofuel production is likely to grow up rapidly in the coming decade.

Global Sustainable Aviation Fuel Market - By Platform:

  • Commercial aviation
  • Military aviation
  • Business & general aviation
  • Unmanned aerial vehicle

According to the platform, throughout the projected period, the commercial aviation segment of the sustainable aviation fuel market would account for the highest share. The increase in the aircraft fleet of emerging economies in the commercial aviation sectors can be linked to the growth of this market. The adoption of renewable jet fuel by numerous commercial airlines, commercial airports, and aircraft manufacturers around the world is propelling this area of the sustainable aviation fuel market forward.

Global Sustainable Aviation Fuel Market - By Blending Capacity:

  • Below 30%
  • 30% to 50%
  • Above 50%

The 30% to 50% category of the sustainable aviation fuel market is predicted to develop at the fastest CAGR over the forecast period, based on biofuel blending capacity. The modest mix capacity, drop-in facility in existing fuel systems, supply logistics infrastructure, and aircraft fleet enable the overall cost to be kept low while meeting the volume demands of commercial and military aviation.

Regional Analysis: 

The Global Sustainable Aviation Fuel Market Report includes the segmentation of regions:

  • Europe
  • Asia - Pacific
  • Latin America
  • Middle East and Africa

North America is thought to have the largest aircraft fleet and the highest number of passengers per year, resulting in a significant increase in aircraft emissions. The United States and Canada are focusing on numerous projects to use sustainable aviation fuel to meet the need for reduced carbon footprints owing to increased air traffic and air passengers. The North American market is considered to be one of the strongest demand centers for sustainable aviation fuel due to supportive legislation and measures to reduce aviation emissions. To achieve the goal of decarbonizing the aviation sector, switching to more energy-dense biofuel is expected to play a key role in reducing GHG concentrations across the region.

Market Key Players:

  1. Aemetis, Inc.
  2. Avfuel Corporation
  3. Fulcrum Bioenergy
  4. Gevo
  5. Lanzatech
  6. Neste
  7. Preem AB
  8. Sasol
  9. SkyNRG
  10. World Energy

Recent Developments:

  • Colonial, the major artery of the US' fuel supply from the south to the east coast announced it has added the ability to carry Sustainable Aviation Fuel and will accept customer nominations to ship the gasoline on its system. Shippers can now nominate jet fuel containing SAF for delivery from any Colonial origin point to any Colonial destination, including airports, via Colonial's 5,500-mile network.
  • The United Kingdom is attempting to establish itself as a market leader in sustainable fuels. And its busiest airport, London Heathrow, is today the greatest consumer of SAF of any airport in the world. Following the implementation of a SAF incentive earlier this year, sustainable biofuels now account for 0.5 percent of the airport's fuel supply.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquisition Landscape                     

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Sustainable Aviation Fuel Market, By Fuel Type                         

                                6.1.1 Bio fuel      

                                6.1.2 Hydrogen Fuel       

                                6.1.3 Power to Liquid Fuel           

                                6.1.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Sustainable Aviation Fuel Market, By Platform                           

                                6.2.1 Commercial aviation           

                                6.2.2 Military aviation    

                                6.2.3 Business & general aviation             

                                6.2.4 Unmanned aerial vehicle  

                                6.2.5 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Sustainable Aviation Fuel Market, By Blending Capacity                         

                                6.3.1 Below 30%              

                                6.3.2 30% to 50%             

                                6.3.3 Above 50%              

                                6.3.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Sustainable Aviation Fuel Market, by Region                 

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Fuel Type           

                                7.2.3 By Platform             

                                7.2.4 By Blending Capacity           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Fuel Type           

                                7.3.3 By Platform             

                                7.3.4 By Blending Capacity           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Fuel Type           

                                7.4.3 By Platform             

                                7.4.4 By Blending Capacity           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Fuel Type           

                                7.5.3 By Platform             

                                7.5.4 By Blending Capacity           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Fuel Type           

                                7.6.3 By Platform             

                                7.6.4 By Blending Capacity           

8. Key Player Analysis                                    

                8.1 Aemetis, Inc.                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Avfuel Corporation                 

                8.3 Fulcrum Bioenergy                  

                8.4 Gevo                             

                8.5 Lanzatech                    

                8.6 Neste                            

                8.7 Preem AB                    

                8.8 Sasol                              

                8.9 SkyNRG                        

                8.10 World Energy                          

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Sustainable Aviation Fuel Market By Region, From 2022-2027 ( USD Billion )
  2. Global Sustainable Aviation Fuel Market By Fuel Type , From 2022-2027 ( USD Billion )
  3. Global Biofuel Market By Region, From 2022-2027 ( USD Billion )
  4. Global Hydrogen Fuel Market By Region, From 2022-2027 ( USD Billion )
  5. Global Power to Liquid Fuel Market By Region, From 2022-2027 ( USD Billion )
  6. Global Sustainable Aviation Fuel Market By Platform, From 2022-2027 ( USD Billion )
  7. Global Commercial aviation Market By Region, From 2022-2027 ( USD Billion )
  8. Global Military aviation Market By Region, From 2022-2027 ( USD Billion )
  9. Global Business & general aviation Market By Region, From 2022-2027 ( USD Billion )
  10. Global Unmanned aerial vehicle Market By Region, From 2022-2027 ( USD Billion )
  11. Global Sustainable Aviation Fuel Market By Blending Capacity, From 2022-2027 ( USD Billion )
  12. Global Below 30% Market By Region, From 2022-2027 ( USD Billion )
  13. Global 30% to 50% Market By Region, From 2022-2027 ( USD Billion )
  14. Global Above 50% Market By Region, From 2022-2027 ( USD Billion )

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FAQ's

1. What is the global sustainable aviation fuel market volume?

The sustainable aviation fuel market volume is huge, it generated revenue of US$ 72.10 million in 2021 and is anticipated to reach the valuation of US$ 5998.20 million by 2027.

2. What is the expected market growth rate?

For the forecast period, 2022 – 2027 the market is expected to grow with a CAGR of 56.4%.

3. Name any three sustainable aviation fuel market key players?

Aemetis, Inc., Avfuel Corporation and Fulcrum Bioenergy are the three sustainable aviation fuel key players.

What is the major impacting factor in the global sustainable aviation fuel market?

Increase in aviation fuel usage and number of travelers are influencing elements in the worldwide sustainable aviation fuel market.

5. Which airport accounts for the highest use of sustainable aviation fuel?

London Heathrow airport situated in United Kingdom is the leading consumer of SAF.

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