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Aviation Alternative Fuel Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Fuel type (Biofuels (HEFA, HPO, FT, and SIP), CNG, LPG, & Others), by Process (Coal liquefaction, Gas liquefaction), by Application (Commercial, Military), and by Region - Forecast Till 2023Market Analysis
The global aviation alternative fuel market is predicted to have a healthy growth at a notable CAGR over the estimated years (2018-2023). Aviation alternative fuels are sustainable and environmentally friendly and are a better choice over petroleum-based fuels concerning the impression on the quality of air post-combustion only. Biofuels are a strong contender for replacing aviation fuels that are petroleum based as the former is safe and provides better performance. The petroleum fuel derivatives used in aviation possess a negative impact on the quality of the air. Factors resulting in greenhouse gas emissions in the aviation industry should be reduced. Such fuels utilized in the aviation sector, however, are not sustainable. It is here where biofuels can act as a savior as it has the potential of replacing petroleum fuels and helping with emissions. Developed countries are heavily investing in such fuels for sustainability, developing a better environment, and also for independency. Alternative fuels can work wonders in lessening the effects of global warming and thereby soften the economic uncertainty concerning crude oil peaking.
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There are ample factors that are boosting the growth of the aviation alternative fuel market. These factors as stated by the Market Research Future (MRFR) report include easy maintenance and ecologically sustainable during usage, growing concerns about global warming, climate change, and environmental protection, rapid growth in the aviation sector, increasing trade, sufficient finances, robust technological developments and implementation of strict government regulations. The additional factors driving the market growth include growing demand for reconnaissance aircraft and pilot training in military applications, investments in research and development by various organizations, governments and companies, and initiation of latest biofuel projects. On the contrary, storing biodiesel for long oxidizes and causes jellification, high-quality standards for fuels along with its safe transportation during flights are some factors that may restrict the aviation alternative fuel market growth over the estimated years.
Global Aviation Alternative Fuel Market is estimated to witness a CAGR of more than 10% during the forecast period 2018-2023.
Key Players
• Total S.A (France)
• SkyNRG (Netherlands)
• Fulcrum BioEnergy Inc. (U.S.)
• Altair Fuel (U.S.)
• Swedish Biofuels AB (Sweden)
• Aquaflow Bionomic Corporation (New Zealand)
• Renewable Energy Group Inc. (U.S.)
• Imperium Renewables Inc. (U.S.)
• Honeywell UOP (U.S.)
• Solazyme (U.S.)
• others
May 2019- Air BP and Nestle are jointly supporting the initiative of SAJF (Sustainable Alternative Jet Fuel) of the business aviation sector, and aid drives the adoption with aircraft manufacturers and operators. The fuel is produced by Nestle and supplied to Caen Carpiquet airport in France by Air BP. The sustainable aviation fuel offered by Nestle is produced from non-palm sustainable and renewable raw materials. This fuel supplied will produce emissions that are 80% less over its lifecycle in comparison to the conventional jet fuel.
Market Segmentation
MRFR report offers a wide segmental analysis of the aviation alternative fuel market on the basis of application, process, and fuel type.
Based on application, the aviation alternative fuel market is segmented into military and commercial.
Based on the process, the aviation alternative fuel market is segmented into gas liquefaction and coal liquefaction.
Based on fuel type, the aviation alternative fuel market is segmented into LPG, CNG, Biofuels (SIP, FT, HPO, and HEFA) and others. Of these, the biofuels segment will have the largest share in the market over the estimated years.
Regional Analysis
By region, the aviation alternative fuel market covers growth opportunities and latest trends across the Middle East and Africa, APAC, North America, and Latin America. Of these, North America and Europe will govern the market over the estimated years. The factors pushing the market growth in this region can be attributed to big investments, awareness about environmental protection, robust technological developments, and the existence of strict regulations laid down by the government. The aviation alternative fuel market in the Asia Pacific region is projected to have significant growth over the estimated years. India and China are the chief contributors here, and both are predicted to experience an increase in the total number of passengers that travel through air transport every year over the estimated years. The aviation alternative fuel market in Latin America, particularly in Brazil is predicted to have a considerable growth in the upcoming years.
List of Tables
Table 1 Global Aviation Alternative Fuel Market: by Region, 2018-2024
Table 2 North America Aviation Alternative Fuel Market: by Country, 2018-2024
Table 3 Europe Aviation Alternative Fuel Market: by Country, 2018-2024
Table 4 Asia Pacific Aviation Alternative Fuel Market: by Country, 2018-2024
Table 5 Middle East & Africa Aviation Alternative Fuel Market: by Country, 2018-2024
Table 6 South America Aviation Alternative Fuel Market: by Country, 2018-2024
Table 7 Global Aviation Alternative Fuel Market, by Fuel Type, by Regions, 2018-2024
Table 8 North America Aviation Alternative Fuel Market, by Fuel Type, by Country, 2018-2024
Continued........
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Aviation Alternative Fuel Market Share, by Fuel Type, 2018 (%)
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