The report offers an accurate forecast estimation of the Sustainable Aviation Fuel as a Service Market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Sustainable Aviation Fuel as a Service Market.
According to latest analysis by Emergen Research, Steady global sustainable aviation fuel market revenue growth is supported by rising emphasis on curbing Greenhouse Gas (GHG) emissions, among others. Sustainable aviation fuel delivers a cleaner substitute to fossil fuel, attaining about 80% decrease in GHG emissions throughput the life cycle of the fuel as compared to fossil-based jet fuel, and thus enables the aviation sector to reduce its carbon footprint. Carbon dioxide generated by plants during biomass production is almost equivalent to that generated during sustainable aviation fuel combustion, thereby making it carbon neutral. Also, this type of fuel comprises fewer impurities / contaminants (like sulfur), allowing for a further decrease in sulfur dioxide and emissions of other particulate matter.
Dependence of aerospace industry on fossil fuels results in it being impacted by various fluctuations, including varying crude oil prices and issues associated with supply and demand. Sustainable aviation fuel is considered an appropriate option as its manufacture is not restricted to sites where exploring and drilling of fossil fuels is carried out, thereby allowing a very diverse geographic supply and better degree of energy security for aviation sector. In fact, several sustainable aviation fuel feedstocks can be produced / collected in varying conditions across the globe based on demand from airlines, and hence would drive market revenue growth.
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The complete regional analysis covers:
- North America (US, Canada, Mexico)
- Europe (UK, Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the Sustainable Aviation Fuel as a Service market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
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.
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
Key Highlights from the Report
- In July 2021, Rolls-Royce signed a definitive long-tern partnership agreement with Shell for advancing the use of sustainable aviation fuel in aircraft engines and support decarbonization efforts of aviation industry. As per the agreement, the two firms will increase cooperation, such as new SAFinity service by Rolls-Royce for the business aerospace industry, with Shell being the exclusive supplier of sustainable aviation fuel.
- Among the product type segments, hydrogen fuel segment revenue is expected to expand at a rapid rate over the forecast period. Aircraft powered by hydrogen fuel emits zero carbon dioxide, and based of deployed technology, can considerably reduce or eliminate air contaminants / pollutants, including nitrogen oxide, along with preventing formation of contrail. Such aircraft exhibit a 30% to 50% decrease in impacts due to formation of cirrus and contrail, as compared to traditional jet fuel.
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