Global Sustainable Aviation Fuel Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Rising concerns regarding GHG emissions in aviation sector, increasing need of waste management and growing requirement to reduce the carbon footprints are some of the major factors expected to drive the growth of Global Sustainable Aviation Fuel Market.
Global Sustainable Aviation Fuel Market is valued at USD 65.4 Million in 2020 and expected to reach USD 2773.3 Million by 2027 with a CAGR of 70.8% over the forecast period.
Sustainable Aviation Fuel (SAF) is made from renewable resources and has a chemistry that is remarkably comparable to standard fossil jet fuel. Using SAF reduces carbon emissions over the lifecycle of the fuel as compared to the traditional jet fuel it replaces. Cooking oil and other non-palm waste oils from animals or plants are common feed stocks and solid waste from homes and companies, such as packaging, paper, textiles, and food scraps that would otherwise be disposed of in landfills or incinerated. Forest debris, such as waste wood, and energy crops, such as fast-growing plants and algae, are also possible sources. Depending on the sustainable feedstock utilized, production process, and supply chain to the airport, SAF can reduce carbon emissions by up to 80% over the lifecycle of the fuel compared to the traditional jet fuel it replaces. SAF will play a critical part in reaching the aviation industry's carbon reduction commitments, but the advantage of all available carbon-reduction alternatives must be taken.
The global demand for sustainable aviation fuelis being strengthened by the development of innovative factors such as more efficient aircraft design, smarter operations, and the development of future technologies such as electrification.
The COVID-19 has also affected the aircraft transportation and the use of sustainable aviation fuels. Projects involving the production and usage of sustainable aviation fuel have been hampered. The market expansion of sustainable aviation fuel has been hampered by lower air transportation. However, the revival of industries and air transportation in the post-covid period brought the situation back to normal. The demand for waste management may increase as the climate condition worsens.
Global sustainable aviation fuel market is segmented on the basis of fuel type, biofuel manufacturing technology, biofuel blending capacity, platform and region & country level. Based upon fuel type, the market of sustainable aviation fuel types is segmented into biofuel, hydrogen fuel and power to liquid fuel. Based on biofuel manufacturing technology, the sustainable aviation biofuel market is classified into fischer tropsch synthetic paraffinic kerosene, fischer tropsch synthetic paraffinic kerosene with aromatics, catalytic hydro-thermolysis jet, hydro-processed fatty acid esters and fatty acids -synthetic paraffinic kerosene, synthetic iso-paraffin from fermented hydro-processed sugar and alcohol to jet. Based on biofuel blending capacity, the market is classified into below 30%, 30-50% and above 50%. Based upon the platform, the market of sustainable aviation fuel is classified into commercial aviation, military aviation, business & general aviation and unmanned aerial vehicles.
The regions covered in this global sustainable aviation fuel market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of global sustainable aviation fuel is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Global sustainable aviation fuel companies or aviation fuel suppliers cover prominent players Gevo, Eni, Fulcrum BioEnergy, Aemetis Inc., Neste, World Energy, SkyNRG, Velocys, SG Preston Company, Shell, Sundrop Fuels Inc., ZeroAvia Inc., Red Rock Biofuels, Hypoint Inc., Swedish Biofuels Inc., Virent Inc., Total SA, Terravia Holdings, Sasol, Preem AB, Petrixo Oil & Gas, Lanzatech, Hydrogenics, Exxon Mobil Corporation, Honeywell International Inc., Ballard Power Systems and others.
Rising concerns regarding the GHG emissions in aviation sectors is one of the major factors driving the growth of global sustainable aviation fuel market. Greenhouse gas emission from the aviation industry is increasing, which is causing global warming. For instance, according to Environmental and Energy Study Institute, aviation accounted for 2.4% CO2 emissions globally in 2018. While this may appear to be a minor quantity, but if worldwide commercial aviation were a country, it would be ranked sixth in the world, behind Japan and Germany, in terms of CO2 emissions. CO2 makes up the majority of airplane emissions, accounting for over 70% of total emissions. When the gas is emitted from other fossil fuel combustion sources, it mixes in the atmosphere and has the same direct warming impact.Regardless of flying phase, jet fuel consumption creates CO2 at a fixed rate (3.16 kilos of CO2 per one kilograms of fuel consumed).
In addition, increasing need of waste management is also supplementing the growth of global sustainable aviation fuel market. For instance; according to Journal of Climate and Atmospheric Science, agricultural and forestry techniques generate a lot of waste as a result of harvestable yield. The yearly global production of biomass waste is estimated to be in the range of 140 Gt. Cereal straw (stem, leaf, and sheath material) accounts for 66% of residual plant biomass globally, with over 60% of these wastes produced in low-income nations. This poses serious management challenges, as dumped biomass can have harmful environmental consequences.
According to Journal of Frontiers, because the energy requirements and emissions involved with cultivation only have to be accounted for once, SAF manufacturing from waste streams could be a better choice. Furthermore, growing requirement to reduce the carbon footprints is also fostering the global sustainable aviation fuel market growth.
However, High values of sustainable aviation fuels than traditional fuels and inadequate availability of biomass due to improper waste management may hamper the market growth. In spite of that, increasing advancements in this field can offer more opportunities for the further growth of the global sustainable aviation fuel market.
Ion the basis of region, the global sustainable aviation fuel market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global sustainable aviation fuel market within the forecast period due to rising GHG emissions due to aviation sectors and increasing waste of biomass may drive the market growth of sustainable aviation fuel. For instance; according to Environmental and Energy Study Institute, with the world's largest commercial air traffic system, the United States accounted for 202.5 million tons (23.5%) of worldwide CO2 emissions in 2017. According to the EPA, planes account for 12% of overall transportation emissions and 3% of total greenhouse gas production in the United States.
According to Journal of Climate and Atmospheric Science, landfill costs in the United States can be relatively modest (US $44/t), which may explain why 54 percent of biomass wastes were disposed of in landfills. Two-thirds of the available potential of biomass leftover wastes from crop production is projected to be in Asia and North America.
Europe is expected to witness a significant growth in the global sustainable aviation fuel market owing to the rising biomass production become helpful for production of sustainable aviation fuel, rules and regulation for use of SAF as well as growing GHG emissions in this region. For instance; according to Journal of Climate and Atmospheric Science, by 2030 biomass waste from straw and other cereal and oil crops is expected to be 756 Mt.Per capita Jet fuel consumption in Europe is 32 gallons which a huge factor for GHG emissions. According to International council on clean transportation, starting in 2025 authorities in the European Union (EU) are working on a mandate that would force jet fuel providers to blend an increasing percentage of sustainable aviation fuel (SAF) into their fuel supply at EU airports. This raises concerns that airlines will import more fossil jet fuel from non-EU airports to avoid having to pay more for the more expensive SAF mixes.
According to European Commission, in 2017 direct aviation emissions accounted for 3.8% of overall CO2 emissions in the EU. Aviation accounts for 13.9% of all transportation-related emissions, making it the second-largest source of GHG emissions after road transport.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 65.4 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 2773.3 Million|
|Tables, Charts & Figures:||175|
Gevo, Eni, Fulcrum BioEnergy, Aemetis Inc., Neste, World Energy, SkyNRG, Velocys, SG Preston Company, Shell, Sundrop Fuels Inc., ZeroAvia Inc., Red Rock Biofuels, Hypoint Inc., Swedish Biofuels Inc., Virent Inc., Total SA, Terravia Holdings, Sasol, Preem AB, Petrixo Oil & Gas, Lanzatech, Hydrogenics, Exxon Mobil Corporation, Honeywell International Inc., Ballard Power Systems and others.
|Segments Covered||By Biofuel Manufacturing Technology, By Type, By Biofuel Blending Capacity, By Platform|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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