Renewable Aviation Fuel Market Report (2021-2031)
The Renewable Aviation Fuel Market is expected to register a CAGR of 44.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesisized Iso-Paraffinic (SIP), Alcohol-to-Jet (AJT)). The report further presents analysis based on the Application (Commercial, Defense). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Renewable Aviation Fuel Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Renewable Aviation Fuel Market Segmentation
Technology- Fischer-Tropsch
- Commercial
- Defense
Strategic Insights
Renewable Aviation Fuel Market Growth Drivers- Regulatory Support and Environmental Policies: Governments all around the world are enforcing stringent regulation policies that include cutting carbon emissions through aviation. This means such regulatory support is gently shoving towards renewable aviation fuel implementation as airlines follow such sustainable targets and reduce their ecological footprints. A greenish alternative is now imperative for being a critical feature within the industries' strategy and approach toward sustainable ways of life.
- Increasing Demand for Sustainable Travel: With growing consumer demand for sustainable travel options, airlines are also being prompted to invest in renewable aviation fuels. As the traveler becomes more environment-conscious, airlines are responding in different ways by including sustainable aviation fuels in their operations in order to enhance their brand image and meet the expectation of customers for green travel solutions.
- Increasing High Blending Ratios: However, another significant trend in the renewable aviation fuel is one of increasing to higher blending ratios of sustainable aviation fuels with conventional jet fuels. This is driven both by technology development and incentive of regulations to move toward higher blending ratios. In addition to these, potential exists for growth toward higher substitution ratios of renewable fuels versus conventional jet fuels.
- Focus on Lifecycle Emissions Reduction: The industry has begun to focus on lifecycle emissions of aviation fuels-from the production to the consumption level-when it comes to the sustainability and minimal environmental impact of producing renewable fuels. The complete lifecycle emissions reduction trend sets the direction for the production and marketing of renewable aviation fuels.
- Technological advancements in fuel production: The prospects of this market are increasing as the technological advancements in the feedstock conversion processes and discovery of new pathways for the synthesis of fuels can increase efficiency and reduce the cost of RAF production, thus improving the competitive position of RAF vis-à-vis traditional jet fuels.
- Partnerships and Collaborations: There could be opportunities for airline, fuel producers, and research institutions to collaborate toward faster development and implementation of renewable aviation fuels. Strategic partnerships can enable mutual knowledge sharing, investment in R&D, and the establishment of supply chains to encourage the widespread adoption of RAF across the industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Renewable Aviation Fuel Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Renewable Aviation Fuel Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Renewable Aviation Fuel Market include Aemetis, Amyris, Avfuel Corporation, Ballard Power Systems., BP p.l.c., Chevron Corporation, Exxon Mobil Corporation., Cummins Inc., Fulcrum BioEnergy, Honeywell International Inc.
Increasing High Blending Ratios and Focus on Lifecycle Emissions Reduction are the key future trends of the Renewable Aviation Fuel Market
The Renewable Aviation Fuel Market is estimated to witness a CAGR of 44.8% from 2023 to 2031
The major factors driving the Renewable Aviation Fuel Market are: Regulatory Support and Environmental Policies and Increasing Demand for Sustainable Travel
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Renewable Aviation Fuel Market - By Technology
1.3.2 Renewable Aviation Fuel Market - By Application
1.3.3 Renewable Aviation Fuel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RENEWABLE AVIATION FUEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. RENEWABLE AVIATION FUEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RENEWABLE AVIATION FUEL MARKET - GLOBAL MARKET ANALYSIS
6.1. RENEWABLE AVIATION FUEL - GLOBAL MARKET OVERVIEW
6.2. RENEWABLE AVIATION FUEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RENEWABLE AVIATION FUEL MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. FISCHER-TROPSCH (FT)
7.3.1. Overview
7.3.2. Fischer-Tropsch (FT) Market Forecast and Analysis
7.4. HYDROPROCESSED ESTERS AND FATTY ACIDS (HEFA)
7.4.1. Overview
7.4.2. Hydroprocessed Esters and Fatty Acids (HEFA) Market Forecast and Analysis
7.5. SYNTHESISIZED ISO-PARAFFINIC (SIP)
7.5.1. Overview
7.5.2. Synthesisized Iso-Paraffinic (SIP) Market Forecast and Analysis
7.6. ALCOHOL-TO-JET (AJT)
7.6.1. Overview
7.6.2. Alcohol-to-Jet (AJT) Market Forecast and Analysis
8. RENEWABLE AVIATION FUEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. DEFENSE
8.4.1. Overview
8.4.2. Defense Market Forecast and Analysis
9. RENEWABLE AVIATION FUEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Renewable Aviation Fuel Market Overview
9.1.2 North America Renewable Aviation Fuel Market Forecasts and Analysis
9.1.3 North America Renewable Aviation Fuel Market Forecasts and Analysis - By Technology
9.1.4 North America Renewable Aviation Fuel Market Forecasts and Analysis - By Application
9.1.5 North America Renewable Aviation Fuel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Renewable Aviation Fuel Market
9.1.5.1.1 United States Renewable Aviation Fuel Market by Technology
9.1.5.1.2 United States Renewable Aviation Fuel Market by Application
9.1.5.2 Canada Renewable Aviation Fuel Market
9.1.5.2.1 Canada Renewable Aviation Fuel Market by Technology
9.1.5.2.2 Canada Renewable Aviation Fuel Market by Application
9.1.5.3 Mexico Renewable Aviation Fuel Market
9.1.5.3.1 Mexico Renewable Aviation Fuel Market by Technology
9.1.5.3.2 Mexico Renewable Aviation Fuel Market by Application
9.2. EUROPE
9.2.1 Europe Renewable Aviation Fuel Market Overview
9.2.2 Europe Renewable Aviation Fuel Market Forecasts and Analysis
9.2.3 Europe Renewable Aviation Fuel Market Forecasts and Analysis - By Technology
9.2.4 Europe Renewable Aviation Fuel Market Forecasts and Analysis - By Application
9.2.5 Europe Renewable Aviation Fuel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Renewable Aviation Fuel Market
9.2.5.1.1 Germany Renewable Aviation Fuel Market by Technology
9.2.5.1.2 Germany Renewable Aviation Fuel Market by Application
9.2.5.2 France Renewable Aviation Fuel Market
9.2.5.2.1 France Renewable Aviation Fuel Market by Technology
9.2.5.2.2 France Renewable Aviation Fuel Market by Application
9.2.5.3 Italy Renewable Aviation Fuel Market
9.2.5.3.1 Italy Renewable Aviation Fuel Market by Technology
9.2.5.3.2 Italy Renewable Aviation Fuel Market by Application
9.2.5.4 United Kingdom Renewable Aviation Fuel Market
9.2.5.4.1 United Kingdom Renewable Aviation Fuel Market by Technology
9.2.5.4.2 United Kingdom Renewable Aviation Fuel Market by Application
9.2.5.5 Rest of Europe Renewable Aviation Fuel Market
9.2.5.5.1 Rest of Europe Renewable Aviation Fuel Market by Technology
9.2.5.5.2 Rest of Europe Renewable Aviation Fuel Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Renewable Aviation Fuel Market Overview
9.3.2 Asia-Pacific Renewable Aviation Fuel Market Forecasts and Analysis
9.3.3 Asia-Pacific Renewable Aviation Fuel Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Renewable Aviation Fuel Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Renewable Aviation Fuel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Renewable Aviation Fuel Market
9.3.5.1.1 Australia Renewable Aviation Fuel Market by Technology
9.3.5.1.2 Australia Renewable Aviation Fuel Market by Application
9.3.5.2 China Renewable Aviation Fuel Market
9.3.5.2.1 China Renewable Aviation Fuel Market by Technology
9.3.5.2.2 China Renewable Aviation Fuel Market by Application
9.3.5.3 India Renewable Aviation Fuel Market
9.3.5.3.1 India Renewable Aviation Fuel Market by Technology
9.3.5.3.2 India Renewable Aviation Fuel Market by Application
9.3.5.4 South Korea Renewable Aviation Fuel Market
9.3.5.4.1 South Korea Renewable Aviation Fuel Market by Technology
9.3.5.4.2 South Korea Renewable Aviation Fuel Market by Application
9.3.5.5 Rest of Asia-Pacific Renewable Aviation Fuel Market
9.3.5.5.1 Rest of Asia-Pacific Renewable Aviation Fuel Market by Technology
9.3.5.5.2 Rest of Asia-Pacific Renewable Aviation Fuel Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Renewable Aviation Fuel Market Overview
9.4.2 Middle East and Africa Renewable Aviation Fuel Market Forecasts and Analysis
9.4.3 Middle East and Africa Renewable Aviation Fuel Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Renewable Aviation Fuel Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Renewable Aviation Fuel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Renewable Aviation Fuel Market
9.4.5.1.1 South Africa Renewable Aviation Fuel Market by Technology
9.4.5.1.2 South Africa Renewable Aviation Fuel Market by Application
9.4.5.2 Saudi Arabia Renewable Aviation Fuel Market
9.4.5.2.1 Saudi Arabia Renewable Aviation Fuel Market by Technology
9.4.5.2.2 Saudi Arabia Renewable Aviation Fuel Market by Application
9.4.5.3 U.A.E Renewable Aviation Fuel Market
9.4.5.3.1 U.A.E Renewable Aviation Fuel Market by Technology
9.4.5.3.2 U.A.E Renewable Aviation Fuel Market by Application
9.4.5.4 Rest of Middle East and Africa Renewable Aviation Fuel Market
9.4.5.4.1 Rest of Middle East and Africa Renewable Aviation Fuel Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Renewable Aviation Fuel Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Renewable Aviation Fuel Market Overview
9.5.2 South and Central America Renewable Aviation Fuel Market Forecasts and Analysis
9.5.3 South and Central America Renewable Aviation Fuel Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Renewable Aviation Fuel Market Forecasts and Analysis - By Application
9.5.5 South and Central America Renewable Aviation Fuel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Renewable Aviation Fuel Market
9.5.5.1.1 Brazil Renewable Aviation Fuel Market by Technology
9.5.5.1.2 Brazil Renewable Aviation Fuel Market by Application
9.5.5.2 Rest of South and Central America Renewable Aviation Fuel Market
9.5.5.2.1 Rest of South and Central America Renewable Aviation Fuel Market by Technology
9.5.5.2.2 Rest of South and Central America Renewable Aviation Fuel Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. RENEWABLE AVIATION FUEL MARKET, KEY COMPANY PROFILES
11.1. AEMETIS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMYRIS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AVFUEL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BALLARD POWER SYSTEMS.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BP P.L.C.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CHEVRON CORPORATION.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EXXON MOBIL CORPORATION.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CUMMINS INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. FULCRUM BIOENERGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HONEYWELL INTERNATIONAL INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aemetis
2. Amyris
3. Avfuel Corporation
4. Ballard Power Systems.
5. bp p.l.c.
6. Chevron Corporation.
7. Exxon Mobil Corporation.
8. Cummins Inc.
9. Fulcrum BioEnergy
10. Honeywell International Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For