Sustainable Aviation Fuel Market is expected to rise at annual rate 72.5% in the forecast period of 2021 to 2028 and is further estimated to reach USD 3,654.70 million by 2028 due to the expansion of the aviation sector globally.
On the other hand, huge investments required for approval and certification of sustainable aviation fuel and inadequate availability of feedstock and refineries to meet SAF production demand are expected to obstruct the market growth in the above mentioned forecast period. Price differential between sustainable aviation fuel and conventional jet fuel and amplified cost of SAF increasing operating cost of airlines is projected to challenge the sustainable aviation fuel market.
Sustainable Aviation Fuel Market Scenario
According to Data Bridge Market Research the markets for sustainable aviation fuel is accelerating because of the growing air passenger traffic across the globe, in initiatives taken by the aviation industry for reducing carbon footprints to achieve a sustainable environment and meet the stringent regulatory standards on emissions and rise in demand for SAF by airlines. Additionally, rise in the adoption of alternative solutions by various stakeholders of the aviation industry such as hybrid-electric and all-electric aircraft, improving aero-engine efficiency by design modifications and growing demand because of high fuel efficiency positively affect the sustainable aviation fuel market.
Furthermore, increasing demand for sustainable marine fuel extend profitable opportunities to the market players.
Now the question is which are the other regions that sustainable aviation fuel market targeting? Data Bridge Market Research has estimated a large growth in North America because of the growing of air traffic and air passengers, supportive policies and initiatives to decarbonize aviation emissions and increase in the number of sustainable aviation fuel initiatives taken by countries within the region.
For more analysis on the sustainable aviation fuel market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sustainable-aviation-fuel-market
Sustainable Aviation Fuel Market Scope
Sustainable aviation fuel market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of sustainable aviation fuel market is further analyzed based on maximum granularity into further segmentation. Sustainable aviation fuel market On the basis of fuel type, the sustainable aviation fuel market is segmented into biofuel, hydrogen fuel and power to liquid fuel. On the basis of biofuel manufacturing technology, the sustainable aviation fuel market is segmented into hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK), fischer tropsch synthetic paraffinic kerosene (FT-SPK), synthetic iso-paraffin from fermented hydroprocessed sugar (HFS-SIP), fischer tropsch (FT) synthetic paraffinic kerosene with aromatics (FT-SPK/A), alcohol to jet SPK (ATJ-SPK) and catalytic hydrothermolysis jet (CHJ). On the basis of biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50% and above 50%. on the basis of platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business and general aviation and unmanned aerial vehicle.
- Sustainable Aviation Fuel (SAF) is known to be a clean substitute for fossil jet fuels. The fuel is usually created from sustainable resources including waste oils from biological origin, agri residues or non-fossil CO2.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-sustainable-aviation-fuel-market
Key Pointers Covered in the Sustainable Aviation Fuel Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Neste
- Gevo
- Velocys
- Fulcrum BioEnergy
- SkyNRG
- Amyris
- WORLD ENERGY COUNCIL
- Avfuel Corporation
- LANZATECH.
- Preem AB.
- Eni
- Aemetis
- Sasol
- Cummins Inc.
- Ballard Power Systems.
- Red Rock Biofuels.
- S.G. Preston Company
- TerraVia
- NuServ Ltd.
- Sundrop Fuels, Inc.
- HyPoint Inc.
- ZeroAvia, Inc.
- BP plc
Above are the key players covered in the report, to know about more and exhaustive list of sustainable aviation fuel companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-sustainable-aviation-fuel-market
Research Methodology of Sustainable Aviation Fuel Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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