Press release
Sustainable Aviation Fuel Market Size Expected to Reach USD $6.26 Billion With a CAGR of 56.4% by 2030
Get inside scoop of the report, request sample - https://www.alliedmarketresearch.com/request-sample/13429
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐
Increase in number of airline passengers, rise in air transportation, and surge in consumption of synthetic lubricants drive the growth of the global sustainable aviation fuel market. However, variations in crude oil prices and contamination of lubricants hinder the market growth. On the other hand, development of eco-friendly and safe aviation lubricants and surge in demand for low density lubricants for reduced weight create new opportunities in the coming years.
Covid-19 Scenario
Manufacturing and operations of all types of aircrafts and related services hindered due to lockdown and transportation restrictions imposed by governments in many countries. This led to reduced demand for sustainable aviation fuel.
Ban on domestic and international travelling during the lockdown led to flight cancellations and stopped the aviation industry. This also lowered down the demand for sustainable aviation fuel. However, the demand is expected to rise as the travel activities begin during the post-lockdown.
To Purchase this Premium Report- https://www.alliedmarketresearch.com/sustainable-aviation-fuel-market/purchase-options
The biofuel segment to continue its leadership status during the forecast period
Based on fuel type, the biofuel segment held the highest share in 2020, accounting for nearly three-fifths of the global sustainable aviation fuel market, and is estimated to continue its leadership status during the forecast period. This is due to biofuels being derived from living materials and considered as an efficient fuel in aviation industry. However, the power to liquid fuel segment is expected to witness the fastest CAGR of 59.2% from 2021 to 2030, owing to advantages such as ease in transportation through the existing fossil-fuel infrastructure, pipelines, and filling stations along with possibility of blending power to liquid fuel with kerosene.
The commercial aviation segment to maintain its lead position during the forecast period
Based on platform, the commercial aviation segment accounted for the largest share in 2020, contributing to around three-fifths of the global sustainable aviation fuel market share, and is expected to maintain its lead position during the forecast period. This is due to rise in use in passenger transportation at local and international destinations and goods transportation from one place to another, and other applications. However, the unmanned aerial vehicle segment is estimated to portray the largest CAGR of 63.7% from 2021 to 2030. This is attributed to increased performance offered by sustainable aviation fuel and capability to perform longer than usual aviation fuels to provide long flight time.
Make a Purchase Inquiry - https://www.alliedmarketresearch.com/purchase-enquiry/13429
North America accounted for the largest market share in 2020
Based on region, North America contributed to the largest market share in 2020, accounting for more than one-third of the global sustainable aviation fuel market. This is due to increased production of aircrafts, helicopters, and UAMs along with stringent government norms against harmful fuel emission. However, Asia-Pacific is expected to register the highest CAGR of 60.9% during the forecast period, owing to increased demand for passenger aviation transportation across the region.
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Aemetis, Inc.
Avfuel Corporation
Fulcrum Bioenergy
Gevo
Lanzatech
Neste
Preem AB
Sasol
SkyNRG
World Energy
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
Aviation Blockchain Market : https://www.alliedmarketresearch.com/aviation-blockchain-market-A06275
Aviation Lubricants Market : https://www.alliedmarketresearch.com/aviation-lubricants-market-A07930
Aviation Weather RADAR Market : https://www.alliedmarketresearch.com/aviation-weather-radar-market-A10655
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sustainable Aviation Fuel Market Size Expected to Reach USD $6.26 Billion With a CAGR of 56.4% by 2030 here
News-ID: 3276806 • Views: โฆ
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measuresโฆ
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature sourceโฆ
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricityโฆ
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.โฆ
More Releases for Aviation
Aviation Fuel Supply Market Is Going to Boom | Major Giants Shell Aviation, BP A โฆ
HTF MI just released the Global Aviation Fuel Supply Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Aviation Fuel Supply Market are:
Shell Aviation,โฆ
Aviation Gasoline Market is Booming Worldwide | Major Giants- Chevron Aviation, โฆ
HTFMI Recently published a Study on Aviation Gasoline Market, it is expected to grow at a CAGR of 5.6 % and may see the market value of 4.8 Billion by 2032, currently pegged at 3.1 Billion. While focusing on the major driving and restraining forces in this market, the report also provides a comprehensive study of the future trends and developments of the market.
Major companies profiled in Aviation Gasoline Marketโฆ
Aviation Fuel Market Growth: Renewable & Alternative Aviation Fuels
According to a new report published by Allied Market Research, the global aviation fuel market size was valued at $179.2 billion in 2018 and is anticipated to generate $238.5 billion by 2026. The market is projected to experience growth at a CAGR of 3.5% from 2019 to 2026.
Aviation fuel is a type of petroleum-based fuel used to energize an aircraft. It has better quality than other fuels used in anyโฆ
Aircraft Redelivery Management Service Market Giants Spending Is Going To Boom | โฆ
New Jersey, United States,- Mr Accuracy Reports published new research on Global Aircraft Redelivery Management Service covering micro level of analysis by competitors and key business segments (2022-2029). The Global Aircraft Redelivery Management Service explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitativeโฆ
Aviation Insurance for General Aviation Market to See Huge Growth by 2027 | Star โฆ
The Latest Released Aviation Insurance for General Aviation market study has evaluated the future growth potential of Aviation Insurance for General Aviation market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emergingโฆ
Aviation Leasing Market Worth Observing Growth: Aviation Capital Group, AerCap, โฆ
Global Aviation Leasing Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Aviation Leasingโฆ
