Press release
North America Renewable Aviation Fuel Market Growing Demands, Chain Supply and Business Outlook 2021 to 2025 | CAGR: 60%
The North America Renewable Aviation Fuel Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the North America Renewable Aviation Fuel market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the North America Renewable Aviation Fuel market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the North America Renewable Aviation Fuel market.The market for renewable aviation fuel in North America is expected to grow at a CAGR of over 60% during the forecast period of 2020 - 2025.
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Top Leading Companies of North America Renewable Aviation Fuel Market are - Total SA, Neste Oyj, Red Rock Biofuels LLC, Honeywell International Inc., Gevo Inc., Fulcrum BioEnergy Inc., SG Preston Company, LanzaTech Inc. and others.
Key Market Trends:
Defense Sector to be the Fastest-Growing Segment
- The defense sector consumes a large amount of aviation fuel. For instance, on average, the United States military burns about 4.8 billion gallons of jet fuel and diesel each year. Nearly half of that goes to the Air Force and around one-third to the Navy.
- Moreover, the military sector seeks to improve the environmental performance of its aircraft fleets and reduce environmental emissions. Biofuels are considered a way to maintain secure sources of fuel and reduce cost volatility, while supporting the country’s environmental initiatives, leading to the growth of the market in North America.
- As part of the United States Air Force’s goal of achieving half of its domestic fuel that needs to be drawn from alternative sources, the military and commercial airlines tested alcohol-to-jet (ATJ) fuel on A-10_ground attack aircraft.
United States to Dominate the Market
- United States accounted for the major share in air passenger count in 2018. Between 1978 and 2018, the United States airlines improved fuel efficiency by over 130%, which resulted in nearly 5 billion metric ton of carbon dioxide savings.
- According to the Airlines for America (A4A), the country’s airlines carried 2.4 million passengers, worldwide, daily, which was an all-time high number of passengers in the country airline history, as of Oct 2019. Hence, the country’s robust growth in air travel may result in greater carbon emissions during the forecast period.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- North America Renewable Aviation Fuel Market Size & Analysis (2016 - 2026)
- Market Share Analysis of North America Renewable Aviation Fuel Market (%),2016 - 2026
- North America Renewable Aviation Fuel Market Share, By Brand
- North America Renewable Aviation Fuel Market Share, By Company
- North America Renewable Aviation Fuel Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies North America Renewable Aviation Fuel Market Value Analysis & Forecast
- Promising North America Renewable Aviation Fuel Development by Major Companies
- Detailed North America Renewable Aviation Fuel Portfolio of the Major Companies
- Major Deals in the North America Renewable Aviation Fuel Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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