Renewable Aviation Fuel Market Report 2022 Market SWOT Analysis, Key Indicators Forecast To 2028

Precision Business Insights published a research report on “Global Renewable Aviation Fuel Market: By Product Type (Algal Biofuels, Plant Biofuels, Others), By Application (Commercial, Defense), By Process Type (Hydro processed fatty acids and esters and Fischer-Tropsch (FT)), and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) - Global/Region/Country Forecast to 2028”. The global renewable aviation fuel market is witnessing significant growth.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Renewable Aviation Fuel Market: By Product Type (Algal Biofuels, Plant Biofuels, Others), By Application (Commercial, Defense), By Process Type (Hydro processed fatty acids and esters and Fischer-Tropsch (FT)), and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) - Global/Region/Country Forecast to 2028”.

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Growing demand for Aviation fuel upsurges the Renewable Aviation Fuel Market
Renewable fuels have obtained huge popularity because of their sustainability, low amounts of greenhouse gases in a few cases and low contributions to the carbon cycle. The geo-political ramifications of such fuels are also of interest especially to industrialized countries, which want independence from Middle Eastern oil. In the rising countries, growing Air Passengers are fuelling the aviation fuel market.

Aviation fuel demand has increased considerably over the last two years due to the increase in airline passenger traffic. In addition, different market participants are concentrated towards increasing production of bio jet fuels, which drive the renewable aviation market growth. But, a key challenge for the bio jet fuel market is the dearth of viable source to product biofuels on a commercial scale that has resulted in the latest high bio jet fuel costs, which is leading to the airline industries not purchasing bio jet fuel on a huge scale. In spite of the requirement and airline support for bio jet, producers fight to make renewable fuel cost-competitive with fossil fuels. At present, bio jet fuel is supplied through segregated logistics that leads to high price, which can reduce its demand.

North America witnesses larger revenue share in the global renewable aviation fuel market
North America renewable aviation fuel market serves as the biggest market for renewable aviation fuel and aviation industry. This booming economy globally translated into the best year for the US aviation in the year 2017. Another factor impelling the biofuels consumption in the aviation industry is the support obtained from the Federal Aviation Administration. The US Department of Commerce has put significant duties on foreign biodiesel volumes sourced from the two major exporters of biodiesel like Argentina and Indonesia. It consequently reduces the imports. These attempts are anticipated to fuel the domestic production of biofuels to fulfill the growing demand from the aviation segment.

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Competitive Analysis - Global Renewable Aviation Fuel Market
There are a number of leading players working in the global renewable aviation fuel market, which include Gevo, Inc., Red Rock Biofuels LLC., Honeywell International Inc., Virent Inc., Fulcrum BioEnergy, Inc., Neste Oil Corporation, AltAir Paramount LLC, G. Preston Company, SkyNRG BV, Eni SpA Total S.A and BP PLC. Key players in the market hugely focuses on adopting novel strategies like acquisitions, mergers and novel product launches to retain their presence in the market.

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