Press release
Sustainable Aviation Fuel Market Soars : Projected to Reach $6.26 Billion by 2030, According to Allied Market Research
Sustainable Aviation Fuel Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/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.
Drivers, restraints, and opportunities
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.
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.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/sustainable-aviation-fuel-market/purchase-options
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, 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.
๐๐๐๐๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
Aemetis, Inc.
Avfuel Corporation
Fulcrum Bioenergy
Gevo
Lanzatech
Neste
Preem AB
Sasol
SkyNRG
World Energy
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/13429
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
By fuel type, the power to liquid fuel segment is expected to register a significant growth during the forecast period.
Depending on aircraft type, the others segment is anticipated to exhibit significant growth in the near future.
Depending on platform, the unmanned aerial vehicle segment is anticipated to exhibit significant growth in the near future.
Asia-Pacific is anticipated to register the highest CAGR.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฏ๐ข๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/aircraft-fuel-systems-market - Aircraft Fuel Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Application (Military, Commercial, UAV), by Engine Type (UAV Engine, Turbojet Engine, Turbofan Engine, Turboprop Engine), by Component (Piping, Pump, Valve, Gauges, Inerting Systems, Filters), by Technology (Gravity Feed, Fuel Feed, Fuel Injection): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/aircraft-fuel-tank-market-A07096 - Aircraft Fuel Tank Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (External, Internal), by Platform (Commercial Aviation, Military Aviation), by Material (Carbon-based Composites, Metallic Alloys, Hybrid, Polymers) and by End Use (Aftermarket, OEM): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/air-to-air-refueling-market-A07094 - Air-to-air Refueling Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Manned, Unmanned), by System (Probe Drogue, Boom Refueling, Autonomous), by Component (Pumps, Nozzles, Valves, Booms, Pods, Fuel Tanks, Others) and by Aircraft Type (Fighter Aircraft, Tanker Aircraft, Military Transport, Attack Helicopters, Transport Helicopters): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/automotive-air-fuel-management-parts-market-A09716 - Automotive Air/Fuel Management Parts Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Oxygen Sensor, Inlet Air Throttle, Fuel Trim Valve) and by Vehicle type (Passenger vehicles, Commercial vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/alternative-fuel-and-hybrid-vehicle-market - Alternative Fuel and Hybrid Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report by Fuel Type (Hybrid Vehicles, Plugin Hybrid Vehicles, Battery Electric Vehicles, Others (Gaseous Fuels, Biofuels)), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Vehicle Class (Economical Vehicles, Mid-priced Vehicles, Luxury Vehicles): Global Opportunity Analysis and Industry Forecast, 2020-2030
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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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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