Aviation Biofuel Market

Aviation Biofuel Market is expected to grow USD 60 billion at a CAGR of 6% By 2020-2030

Growth in the air passenger traffic has significantly contributed to the growth of the Aviation Biofuel Market. High competition owing to presence of large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. Furthermore, airline operators are also shifting to the use of aviation biofuel to reduce greenhouse gas emissions and reduce global carbon footprint. For example

May 2019, World Energy was awarded a contract by United Airlines to provide nearly 10 million gallons of aviation biofuel over the next two years.

Market USP

The rising development of bio ports is expected to drive the market growth.

Regional Analysis

The North American Aviation Biofuel Market is projected to grow at the highest CAGR during the estimated period. To cater to the need for of reduction in carbon footprints due to growing air traffic and air passengers, prominent regional countries such as the US and Canada in North America are laying their focus on several initiatives to utilize renewable aviation fuel. With a steep increase in supportive policies and initiatives for the decarbonization process of aviation emissions, the North American market is probable to be deemed to be one of the strong demand centers for maintainable aviation fuel.

Market Segmentation

The Global Aviation Biofuel Market has been segmented into Technology and Application

Based on Technology, The Global Aviation Biofuel Market has been segmented into Fischer-Tropsch, Hydrogenated Vegetable Oil. The hydrogenated vegetable oil segment is expected to dominate the worldwide market owing to the main source of raw material for first-generation aircraft biofuel manufacturing and generation.

By Application, The Global Aviation Biofuel Market has been segmented into Military Aviation and Commercial Aviation. Because of the rising adoption of biofuels as a replacement for standard fuels, the commercial aircraft segment is expected to dominate the worldwide market.

Key Players

Following is the Aviation Biofuel Market Players

• Air BP Limited (UK)
• World Energy (US)
• Chevron Corporation (US)
• Honeywell International Inc. (US)
• SkyNRG (The Netherlands)
• Renewable Energy Group, Inc. (US)
• TerraVia (US)
• SWEDISH BIOFUELS AB (Sweden)
• NXT Fuels Limited (New Zealand)
• Red Rock Biofuels (US)

Other Prominent Players

• Gevo Inc. (US)
• Targray Technology International Inc. (Canada)
• Argent Energy (UK)
• KFS Biodiesel GmbH & Co. KG (Germany)
• NXT Fuels Limited (New Zealand)
• PetroSun, Inc (US)
• The Archer Daniels Midland Company (US)
• Neste Oyj (Finland)

Growth Opportunities in the Market

Hydrotreated Vegetable Oils (HVO) Segment Expected to Witness The Highest Growth In The Market: HVO offers benefits such as reduced greenhouse gas emissions, flexibility, low maintenance cost, high storage properties, and is odorless. Therefore, the segment is expected to witness the highest growth during the forecast period.

Commercial segment expected to remain the dominating segment: The commercial segment dominates the market in 2018 and is expected to witness higher growth during the review period. Increasing the number of commercial aircraft being manufactured to cater to the rising air passenger traffic is driving the segment growth. Furthermore, the growing adoption of aviation biofuel by commercial airlines is also expected to drive the growth of the market. For example, in 2018 SpiceJet operated biofuel-powered aircraft from Dehradun to New Delhi.

Aviation Biofuel Market Research Report: By Type (HEFA, HVO, FT, SIP, ATJ) and By Application (Commercial, Military) Forecast to 2030

Related Link:

• Commercial Aircraft Cabin Interior Market by Product Type (Seating, Lighting, Windows, Galley, In-Flight Entertainment and Lavatory), by Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft), by Fit (Line Fit and Retro Fit), and by Region – Forecast To 2030
• Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast to 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com