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Global Renewable Aviation Fuel Market to reach USD 66.86 billion by the end of 2030.

Global Renewable Aviation Fuel Market Size study & Forecast, by Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesisized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)), by Application (Commercial, Defense) and Regional Analysis, 2023-2030

Product Code: ALTAWT-90485605
Publish Date: 20-10-2023
Page: 200

Global Renewable Aviation Fuel Market is valued at approximately USD 3.04 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 47.16% over the forecast period 2023-2030. Renewable Aviation Fuel, also known as Sustainable Aviation Fuel (SAF) or Alternative Aviation Fuel, refers to a type of fuel designed for use in aircraft that is produced from renewable and sustainable sources. The aviation industry is a significant contributor to greenhouse gas emissions, and renewable aviation fuel aims to reduce the industry’s environmental impact and carbon footprint. The Renewable Aviation Fuel market is expanding because of factors such as increased government regulations for greenhouse gas emissions and the surge in the adoption of biofuels.

Surge in adoption of biofuels across the world and industry is driving the market growth. According to International Renewable Energy Agency (IRENA) Renewable Energy Statistics, the total bioenergy installed capacity stood at 124 Gigawatt which increased to 148 gigawaat in the year 2022. Thus, rising bioenergy adoption is driving market growth. Further, the rising number of government projects for the adoption of biofuel in the aviation industry is driving market growth. increased government regulations for greenhouse gas emissions are driving market growth. For instance. The Departments of Transportation, Energy, and Agriculture created a road map to direct their efforts to increase the supply of this fuel. To cut aviation’s greenhouse gas emissions, the White House issued a “Grand Challenge” to increase sustainable jet fuel production to 3 billion gallons annually by 2030. By 2050, it hopes to produce enough jet fuel to provide all commercial aviation needs. By allocating USD 34.5 million in March 2023, the U.S. government amended its objectives to advance the technology and infrastructure needed to turn garbage into biofuels and forward the 2050 target. Thus, rising government regulations for greenhouse gas emissions are further fueling the market growth. In addition, increasing government initiatives for the production and consumption of renewable aviation fuel and advancements in technology are creating new opportunities for market growth. However, the high cost of renewable aviation fuel and fluctuations in raw material prices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Renewable Aviation Fuel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing rising private aviation travelers, rising investment in the aviation industry and rising government support for the industry. Asia Pacific is expected to grow significantly during the forecast period, owing to the rising aviation industry, increasing government focus on reducing carbon emissions, rising government investment for the production and adoption of sustainable aviation fuels in the industry.

Major market player included in this report are:
TotalEnergies SE
Neste Oyj
Swedish Biofuels AB
Red Rock Biofuels LLC
Gevo Inc.
Honeywell International Inc.
Fulcrum BioEnergy Inc.
SG Preston Company
LanzaTech Inc.
Shell PLC

Recent Developments in the Market:
Ø In May 2023, Twelve and Etihad Airways, the flag carrier of the United Arab Emirates, signed a Memorandum of Understanding (MOU) to advance E-Jet® fuel, Twelve’s sustainable aviation fuel (SAF) made from CO2 and renewable energy, as well as plans for an international demonstration flight and a supply roadmap that would support Etihad’s sustainability strategy.
Ø In February 2022, Engie SA and the US engineering company Infinium Holdings announced a USD 500 million project to develop sustainable aviation and maritime fuels in northern France. The project’s final investment decision is expected to be made by the end of 2023, and commercial operations are planned to start in 2026.

Global Renewable Aviation Fuel Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Fischer-Tropsch (FT)
Hydroprocessed Esters and Fatty Acids (HEFA)
Synthesisized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Renewable Aviation Fuel Market, by Region, 2020-2030 (USD Billion)
1.2.2. Renewable Aviation Fuel Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Renewable Aviation Fuel Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Renewable Aviation Fuel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Renewable Aviation Fuel Market Dynamics
3.1. Renewable Aviation Fuel Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increased government regulations for greenhouse gas emissions Surge in the adoption of biofuel
3.1.2. Market Challenges High cost of renewable aviation fuel Fluctuations in raw material prices
3.1.3. Market Opportunities Increasing government initiatives for production and consumption of renewable aviation fuel Advancements in technology
Chapter 4. Global Renewable Aviation Fuel Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Renewable Aviation Fuel Market, by Technology
5.1. Market Snapshot
5.2. Global Renewable Aviation Fuel Market by Technology, Performance – Potential Analysis
5.3. Global Renewable Aviation Fuel Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Renewable Aviation Fuel Market, Sub Segment Analysis
5.4.1. Fischer-Tropsch (FT)
5.4.2. Hydroprocessed Esters and Fatty Acids (HEFA)
5.4.3. Synthesisized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)
Chapter 6. Global Renewable Aviation Fuel Market, by Application
6.1. Market Snapshot
6.2. Global Renewable Aviation Fuel Market by Application, Performance – Potential Analysis
6.3. Global Renewable Aviation Fuel Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Renewable Aviation Fuel Market, Sub Segment Analysis
6.4.1. Commercial
6.4.2. Defense
Chapter 7. Global Renewable Aviation Fuel Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Renewable Aviation Fuel Market, Regional Market Snapshot
7.4. North America Renewable Aviation Fuel Market
7.4.1. U.S. Renewable Aviation Fuel Market Technology breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Renewable Aviation Fuel Market
7.5. Europe Renewable Aviation Fuel Market Snapshot
7.5.1. U.K. Renewable Aviation Fuel Market
7.5.2. Germany Renewable Aviation Fuel Market
7.5.3. France Renewable Aviation Fuel Market
7.5.4. Spain Renewable Aviation Fuel Market
7.5.5. Italy Renewable Aviation Fuel Market
7.5.6. Rest of Europe Renewable Aviation Fuel Market
7.6. Asia-Pacific Renewable Aviation Fuel Market Snapshot
7.6.1. China Renewable Aviation Fuel Market
7.6.2. India Renewable Aviation Fuel Market
7.6.3. Japan Renewable Aviation Fuel Market
7.6.4. Australia Renewable Aviation Fuel Market
7.6.5. South Korea Renewable Aviation Fuel Market
7.6.6. Rest of Asia Pacific Renewable Aviation Fuel Market
7.7. Latin America Renewable Aviation Fuel Market Snapshot
7.7.1. Brazil Renewable Aviation Fuel Market
7.7.2. Mexico Renewable Aviation Fuel Market
7.8. Middle East & Africa Renewable Aviation Fuel Market
7.8.1. Saudi Arabia Renewable Aviation Fuel Market
7.8.2. South Africa Renewable Aviation Fuel Market
7.8.3. Rest of Middle East & Africa Renewable Aviation Fuel Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. TotalEnergies SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Neste Oyj
8.3.3. Swedish Biofuels AB
8.3.4. Red Rock Biofuels LLC
8.3.5. Gevo Inc.
8.3.6. Honeywell International Inc.
8.3.7. Fulcrum BioEnergy Inc.
8.3.8. SG Preston Company
8.3.9. LanzaTech Inc.
8.3.10. Shell PLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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