Sustainable Aviation Fuel Market worth $27.45 billion by 2030, growing at a CAGR of 31.73% - Exclusive Report by 360iResearch

The "Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Blending Capacity (30% to 50%, Above 50%, Below 30%), Manufacturing Technology, Operation, End-Use - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Sustainable Aviation Fuel Market to grow from USD 3.02 billion in 2022 to USD 27.45 billion by 2030, at a CAGR of 31.73%.

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Sustainable aviation fuels (SAF) are eco-friendly alternative fuels used in commercial and military aircraft. SAFs are made from renewable resources such as waste oils, agricultural residues, non-food crops, and advanced biofuel technologies, including algae-derived biofuels and synthetic paraffinic kerosene (SPK). The primary end-users include airlines, cargo carriers, governments, and defense organizations, aiming to reduce greenhouse gas emissions associated with conventional jet fuel. Stricter emission standards set by regulatory bodies to adopt green initiatives and the availability of incentives such as tax credits and grants encourage research and development in SAF technology, elevating the usage of sustainable aviation fuels. Rising air traffic globally and continuous upsurge in crude oil prices are increasing the need for cleaner alternatives across the aviation sector to mitigate environmental impacts. High production costs associated with sustainable aviation fuels hampers market growth. The growing development of novel pathways to convert waste materials into valuable fuels is expected to create opportunities for market growth.

The United States has one of the largest air passenger and freight markets globally, and as per the International Trade Administration (ITA), over 58,000 tons of cargo are transported daily. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is estimated to reach 8,270 in 2037, owing to a continuous increase in air cargo. The usage of aircraft for cargo transportation, last-mile delivery, medical emergencies, air shuttle, private transport, and other areas has been increasing in Brazil, Canada, the U.S., and Chile due to high congestion and the indirect nature of routes with higher circuity factors for ground-based vehicles, creating a demand for sustainable aviation fuels in Americas. The ongoing adoption of various sustainable aviation fuels by airlines across Asia-Pacific is expected to create a platform for the growth of the market in Asia-Pacific. In December 2021, Indigo Airlines, India, signed an agreement with the Dehradun-based Council of Scientific and Industrial Research-Indian Institute of Petroleum (CSIR-IIP) to develop and supply SAF at the global level. Japan Airlines (JAL), in June 2021, completed the test of a mixture of two different types of sustainable aviation fuel produced domestically in Japan. The rising availability of government support in terms of tax credits and grants to expand the manufacturing of SAFs is expected to create a platform for market growth in EMEA.

Market Segmentation & Coverage:

This research report categorizes the Sustainable Aviation Fuel Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Fuel Type, market is studied across Biofuel, Hydrogen Fuel, and Power to Liquid Fuel. The Power to Liquid Fuel is further studied across Sun to Liquid Fuel and Wind to Liquid Fuel. The Biofuel commanded largest market share of 50.43% in 2022, followed by Hydrogen Fuel.

Based on Blending Capacity, market is studied across 30% to 50%, Above 50%, and Below 30%. The Below 30% commanded largest market share of 48.32% in 2022, followed by 30% to 50%.

Based on Manufacturing Technology, market is studied across Alcohol to Jet SPK, Catalytic Hydrothermolysis Jet, Fischer Tropsch Synthetic Paraffinic Kerosene, Hydroprocessed Fatty Acid Esters and Fatty Acids-Synthetic Paraffinic Kerosene, and Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar. The Hydroprocessed Fatty Acid Esters and Fatty Acids-Synthetic Paraffinic Kerosene commanded largest market share of 33.89% in 2022, followed by Alcohol to Jet SPK.

Based on Operation, market is studied across Manned Aerial Vehicle and Unmanned Aerial Vehicle. The Manned Aerial Vehicle commanded largest market share of 76.57% in 2022, followed by Unmanned Aerial Vehicle.

Based on End-Use, market is studied across Business & General Aviation, Commercial Aviation, and Military Aviation. The Commercial Aviation commanded largest market share of 37.32% in 2022, followed by Military Aviation.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.38% in 2022, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Sustainable Aviation Fuel Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Sustainable Aviation Fuel Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Sustainable Aviation Fuel Market, highlighting leading vendors and their innovative profiles. These include Abu Dhabi National Oil Company, Aemetis, Inc., Amyris, Inc., Axens SA, BP PLC, Chevron Corporation, China National Petroleum Corporation, CleanJoule, DGFuels, LLC, ENEOS Group, Enertrag SE, Eni S.p.A., Exxon Mobil Corporation, Fulcrum BioEnergy, Inc., Gevo, Inc., HIF Global, Honeywell International Inc., Indian Oil Corporation Limited, INERATEC GmbH, KBR, Inc., LanzaTech Global, Inc., Linde PLC, Lummus Technology LLC, Maire Tecnimont S.p.A., Mitsubishi Corporation, Montana Renewables, LLC by Calumet Specialty Products Partners, L.P., Neste Corporation, Norsk e-Fuel AS, Nova Pangaea Technologies Ltd, ORLEN S.A., OxCCU Tech Limited, Phillips 66, Praj industries Ltd., Preem Holdings AB, Raven SR Inc., Red Rock Biofuels Holdings, RWE AG, Sasol Limited, Saudi Arabian Oil Company, Shell PLC, Siemens Energy AG, SkyNRG B.V., Sumitomo Heavy Industries, Ltd., Sunfire GmbH, Swedish Biofuels AB, Synhelion SA, Technip Energies N.V., Topsoe A/S, TotalEnergies SE, Twelve Benefit Corporation, World Energy, LLC, Yokogawa Electric Corporation, and Zero Petroleum Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sustainable Aviation Fuel Market, by Fuel Type
7. Sustainable Aviation Fuel Market, by Blending Capacity
8. Sustainable Aviation Fuel Market, by Manufacturing Technology
9. Sustainable Aviation Fuel Market, by Operation
10. Sustainable Aviation Fuel Market, by End-Use
11. Americas Sustainable Aviation Fuel Market
12. Asia-Pacific Sustainable Aviation Fuel Market
13. Europe, Middle East & Africa Sustainable Aviation Fuel Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Sustainable Aviation Fuel Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sustainable Aviation Fuel Market?
3. What is the competitive strategic window for opportunities in the Sustainable Aviation Fuel Market?
4. What are the technology trends and regulatory frameworks in the Sustainable Aviation Fuel Market?
5. What is the market share of the leading vendors in the Sustainable Aviation Fuel Market?
6. What modes and strategic moves are considered suitable for entering the Sustainable Aviation Fuel Market?

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