Why Is Aviation Biofuel Important for the Future of Flying?

According to a new report by Allied Market Research, Aviation Biofuel market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Hydrogenated Vegetable oil, Fischer Tropsch), by Application (Civil Aviation, Military Aviation) and by Feedstock (Sugarcane, Cassava, Grasses, Industrial Municipal Waste, Algae): Global Opportunity Analysis and Industry Forecast, 2023-2032

Aviation biofuel, also known as sustainable aviation fuel (SAF), is a type of renewable fuel derived from biomass sources that is used to power aircraft engines. It is considered a promising alternative to conventional jet fuel derived from crude oil because it can significantly reduce greenhouse gas emissions and other pollutants associated with aviation.

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Regional Analysis

North America (US, Canada and Mexico), Europe (UK, Germany, France, Spain, Italy, Belgium, Denmark, Netherlands, Ireland, Sweden, Switzerland and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, Taiwan, Hong Kong and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LAMEA) and The Middle East and Africa

U.S is a major hub of aviation biofuels, and is expected to dominate the aviation biofuel market during the forecast period. Being a fast-growing country for the aviation industry, the U.S. aircraft authorities is expected to account for significant value share in the aviation biofuel market.

European nations are expected to show significant growth in the upcoming years.

Other developing countries such as India and China are expected to grow at a notable rate, as they are the major supply hubs for raw materials such as crops to produce aviation biofuels.

Top Companies

Chevron Corp, Vega Biofuels, Shrike Energy, Petrosun, Hindustan Petroleum Corp, Exxon Mobil Corp, Honeywell International Inc., Royal Dutch Shell, GEVO

Rise in carbon emission further contributes toward global warming. Currently, global warming is one of the most discussed topics across the world and companies are trying to create a second-generation biofuel. Owing to the growing concerns about the environment, the adoption of aviation biofuel is expected to grow significantly during the forecast period.

Aviation biofuel is introduced as a substitute for the conventional petroleum fuels. Fossil fuels produce greenhouse gases when burnt, and these gases trap sunlight in the atmosphere, thereby heating up of the planet. The use of biofuel is encouraged in many countries to reduce the generation of greenhouse gases.

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The use of biofuels has a higher cost effect compared to the conventional fossil fuels. Biofuels are adaptable to the engine, keeping it running for a longer period and bringing down the maintenance cost.

The biofuel industry help reduce the county's dependence on foreign oil. However, the production cost associated with biofuel is high and the investment is low. If the demand increases, then increasing the supply will be quite expensive. Another challenge faced by biofuels are the use of fertilizers.

As biofuels are extracted from crops, these crops require fertilizers for better growth, and fertilizers have a harmful effect on the environment.

Large quantities of water are used for growing biofuel crops, which poses a threat to the regional water resources. Implementation of stringent regulations to maintain standard in aviation fuel production may hinder the growth of the market; however, can be overcome with the innovation and technological advancements in the upcoming years.

Aviation biofuel can be produced from various renewable feedstocks, including biomass such as agricultural residues, algae, waste oils and fats, non-food crops like camelina and jatropha, and even municipal solid waste. These feedstocks are converted into biofuel through processes such as fermentation, thermochemical conversion, or biochemical conversion.

One of the primary motivations for using aviation biofuels is their potential to reduce greenhouse gas emissions and other pollutants associated with aviation. Depending on the feedstock and production process, biofuels can achieve significant lifecycle greenhouse gas emissions reductions compared to conventional jet fuels, ranging from 50% to over 90%.

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Key benefits of the report

This study gives clarity on analytical depiction of the global aviation biofuel industry along with the future estimations to determine the imminent investment pockets.

The report presents information related to drivers, restraints, and opportunities along with detailed analysis of the global Aviation Biofuel market share.

The current market is quantitatively analyzed to highlight the global market growth scenario.

The report provides a detailed market analysis depending on competitive intensity and how the market will grow in coming years.

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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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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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