Sustainable Aviation Fuel Market

Sustainable Aviation Fuel Market by Source (Plant, Alcohol, Synthetic), Type (Bio, Hybrid), Platform (Civil & Commercial, Military), and Region - Global Forecast to 2025

Report Code: UC 2108 Sep, 2020, by marketsandmarkets.com
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Sustainable Aviation Fuel (SAF) are biofuels that enable aircraft to reduce their carbon footprint. The market consists of fuel sourced from plant, alcohol, and synthetic based sources and this biofuel is then used to power aircraft or mixed with traditional fuel to create a hybrid fuel that is sustainable as compared to traditional aviation fuel.

Increasing cost of fuel and the need for a sustainable environment is driving the demand for SAF in the industry. Traditional fuels are not only harmful for the environment but are also forecasted to run out eventually. International Air Transport Association (IATA) has recognized the need to address the harmful impacts of emissions and has announced a set of targets that will be needed to mitigate the effects of emissions due to air transport. These include: An average improvement in fuel efficiency of 1.5% per year from 2009 to 2020, A cap on net aviation CO2 emissions from 2020 (carbon-neutral growth), and A reduction in net aviation CO2 emissions of 50% by 2050, relative to 2005 levels.

Advancements in biochemistry have made it possible to harness renewable sources to produce SAF in order to be used with traditional fuel and eventually replace the traditional fuel in the coming years.

The report provides in-depth analysis of the Sustainable Aviation Fuel Market. It provides information about the current trends in the market with respect to source, type, platform, and the regional market scenario. It also provides information about the top 15 players that operate in the Sustainable Aviation Fuel Market.

It throws light on the current market trends, the drivers and restraints of this market and the challenges faced in the market along with the burning issues that will impact the growth of this market.

Key Players:

Companies such as Gevo, Inc. (US), Honeywell UOP (US), Shell Oil Company (US), Exxon Mobil Corporation (US), Chevron Corporation (US), BP plc (UK), Neste Oyj (Finland), Sunshine Kaidi New Energy Co. Oy (Finland), Amyris (US), Total S.A. (France), Sasol Limited (South Africa), Syntroleum Corporation (US) Fulcrum BioEnergy, Inc. (US), SG Preston (US), among others are some of the leading players have made significant contribution to the global Sustainable Aviation Fuel Market.


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