Press release
Sustainable Aviation Fuel Market by Business Development, Innovation and Top Companies Forecast 2023-2032
The Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) segment led the market with a value of around 58.60 million in 2021.
The technology segment is divided into Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Alcohol To Jet SPK (ATJ-SPK), Synthetic Iso-Paraffin From Fermented Hydroprocessed Sugar (HFS-SIP), and Catalytic Hydrothermolysis Jet (CHJ). The Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) led the market with a value of around 58.60 million in 2021. This growth is attributed to the usage of producing liquid fuels from both coal & natural gas.
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The military aviation segment led the market with a value of around 65.53 million in 2021.
The platform segment is divided into business & general aviation, commercial aviation, military aviation, and unmanned aerial vehicle. The military aviation segment led the market with a value of around 65.53 million in 2021. This growth is attributed to the rapid technological progress in air transportation services.
The biofuel segment led the market with a value of around 69.42 million in 2021.
The fuel type segment is divided into power to liquid fuel, biofuel, gas-to-liquid, and hydrogen fuel. The biofuel segment led the market with a value of around 69.42 million in 2021. This growth is attributed to the increasing technological progress in manufacturing devices.
The 30% to 50% led the market to a value of around 88.90 million in 2021.
The biofuel blending capacity segment is divided into above 50%, 30% to 50%, and below 30%. The 30% to 50% segment led the market to a value of around 88.90 million in 2021. This growth is attributed to the supply logistics infrastructure.
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Regional Segmentation Analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, the Middle East and Africa. The North American region emerged as the largest global sustainable aviation fuel market, with a market value of around 101.99 million in 2021. North America currently dominates the sustainable aviation fuel market, and this trend is expected to continue during the forecast period. This growth is attributed to the increasing demand for sustainable aviation fuel nationwide.
Competitive Analysis:
The significant market players include Neste Oyj, Gevo Inc., SKYNRG, Eni SPA, SG Preston Company, Avfuel Corporation, Sundrop Fuels Inc., Red Rock Biofuels, Velocys, Aemetis, Inc, Ballard Power Systems, ZeroAvia, Inc., SG Preston Company, and among others.
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The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
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