Sustainable Aviation Fuel Market Revenue Poised for Significant Growth During the Forecast Period of 2018-2028

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The size of the global market for sustainable aviation fuel is anticipated to reach USD 6,188.2 Million in 2028, with a revenue CAGR of 71.0%, according to the most recent report by Emergen Research. Rising emphasis on reducing Greenhouse Gas (GHG) emissions is one factor supporting the revenue growth of the worldwide sustainable aviation fuel market. By achieving an 80% reduction in GHG emissions over the fuel’s lifetime compared to fossil-based jet fuel, sustainable aviation fuel offers a cleaner alternative to fossil fuel and helps the aviation industry lower its carbon footprint. The carbon dioxide produced by plants during the production of biomass is nearly equal to the carbon dioxide produced during the burning of sustainable aviation fuel, making it carbon neutral.

To create a sustainable environment and meet strict regulatory limits on emissions, the aviation sector is committed to reducing carbon footprints. Various aviation sector stakeholders are implementing the alternative solutions, such as enhancing aero-engine efficiency through design changes, hybrid-electric and all-electric aircraft, renewable jet fuels, etc. The adoption of sustainable aviation fuels, such as e-fuels, synthetic fuels, green jet fuels, biojet fuels, and hydrogen fuels, is one of the most practical alternative solutions when compared to others in terms of socio and economic benefits, and it significantly reduces the current and anticipated future environmental effects of aviation.

We Have Recent Updates of Sustainable Aviation Fuel Market in Sample Copy: https://www.emergenresearch.com/request-sample/807

Some Key Highlights from the Report:

  • Some major players in the market report include Amyris Inc., Aemetis Inc., Neste, SkyNRG BV, LanzaTech Inc., Cummins Inc., Gevo Inc., Avfuel Corporation, Sasol Limited, and Velocys.
  • The military application segment had the highest revenue share among the application segments in 2020. The expansion of this market is being driven by an increase in the defence budget and several government initiatives to use sustainable aviation fuel.
  • For instance, the Sustainable Aviation Fuel Act mandates that starting in 2024, at least 10% of the aeroplane fuel purchased by the military must be sustainable fuel made in the US, which significantly increases demand for sustainable aviation fuel. Defense aircraft also use a lot of aviation fuel, and estimates place US military jet fuel consumption at at 5 billion gallons per year.
  • In 2020, the North American market for sustainable aviation fuel accounted for the biggest revenue share.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/sustainable-aviation-fuel-market

Emergen Research has segmented the global sustainable aviation fuel market on the basis of product type, production method, application, and region:

Product Type Outlook (Revenue, USD Million; 2018–2028)

  • Biofuel
  • Hydrogen Fuel
  • Others

Production Method Outlook (Revenue, USD Million; 2018–2028)

  • Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
  • Hydroprocessed Esters and Fatty Acids (HEFA-SPK)
  • Hydroprocessed Fermented Sugars to Synthetic Isoparaffins (HFS-SIP)
  • Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK) [ethanol]
  • Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK) [isobutanol]
  • Catalytic Hydrothermolysis Synthetic Jet Fuel (CHJ)

Application Outlook (Revenue, USD Million; 2018–2028)

  • Military Aviation
  • Commercial Aviation
  • Unmanned Aerial Vehicle
  • General & Business Aviation

Regional Outlook (Revenue, USD Million; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of MEA

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