Aviation Biofuel Market Research Report - Forecast till 2027

Aviation Biofuel Market Research Report: By Type (HEFA, HVO, FT, SIP, ATJ) and By Application (Commercial, Military) – Forecast to 2027

ID: MRFR/A&D/6954-HCR | August 2022 | Region: Global | 168 Pages         

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Aviation Biofuel Market, by Type

1.1.2. Global Aviation Biofuel Market, by Application

1.1.3. Global Aviation Biofuel Market, by Region

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.1.1. Raw Material Suppliers

4.1.2. Manufacturers/Producers

4.1.3. Distributors

4.1.4. End Users

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitutes

4.2.5. Internal Rivalry

5. MARKET DYNAMICS OF GLOBAL AVIATION BIOFUEL MARKET

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

6. GLOBAL AVIATION BIOFUEL MARKET, BY TYPE

6.1. Introduction

6.2. Hydroprocessed Esters and Fatty Acids (HEFA)

6.2.1. Market Estimates & Forecast, 2020–2027

6.2.2. Market Estimates & Forecast, by Region, 2020–2027

6.3. Hydrotreated Vegetable Oils (HVO)

6.3.1. Market Estimates & Forecast, 2020–2027

6.3.2. Market Estimates & Forecast, by Region, 2020–2027

6.4. Fischer-Tropsch (FT)

6.4.1. Market Estimates & Forecast, 2020–2027

6.4.2. Market Estimates & Forecast, by Region, 2020–2027

6.5. Synthesized Iso-Paraffinic (SIP)

6.5.1. Market Estimates & Forecast, 2020–2027

6.5.2. Market Estimates & Forecast, by Region, 2020–2027

6.6. Alcohol to Jet (ATJ)

6.6.1. Market Estimates & Forecast, 2020–2027

6.6.2. Market Estimates & Forecast, by Region, 2020–2027

7. GLOBAL AVIATION BIOFUEL MARKET, BY APPLICATION

7.1. Introduction

7.2. Commercial

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Military

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

8. GLOBAL AVIATION BIOFUEL MARKET, BY REGION

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Type, 2020–2027

8.2.3. Market Estimates & Forecast, by Application, 2020–2027

8.2.4. Market Estimates & Forecast, by Country, 2020–2027

8.2.5. US

8.2.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.5.2. Market Estimates & Forecast, by Application, 2020–2027

8.2.6. Canada

8.2.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.6.2. Market Estimates & Forecast, by Application, 2020–2027

8.3. Europe

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Type, 2020–2027

8.3.3. Market Estimates & Forecast, by Application, 2020–2027

8.3.4. Market Estimates & Forecast, by Country, 2020–2027

8.3.5. Germany

8.3.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.5.2. Market Estimates & Forecast, by Application, 2020–2027

8.3.6. UK

8.3.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.6.2. Market Estimates & Forecast, by Application, 2020–2027

8.3.7. The Netherlands

8.3.7.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.7.2. Market Estimates & Forecast, by Application, 2020–2027

8.3.8. Sweden

8.3.8.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.8.2. Market Estimates & Forecast, by Application, 2020–2027

8.3.9. Finland

8.3.9.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.9.2. Market Estimates & Forecast, by Application, 2020–2027

8.3.10. Rest of Europe

8.3.10.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.10.2. Market Estimates & Forecast, by Application, 2020–2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, 2020–2027

8.4.2. Market Estimates & Forecast, by Type, 2020–2027

8.4.3. Market Estimates & Forecast, by Application, 2020–2027

8.4.4. Market Estimates & Forecast, by Country, 2020–2027

8.4.5. China

8.4.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.5.2. Market Estimates & Forecast, by Application, 2020–2027

8.4.6. Japan

8.4.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.6.2. Market Estimates & Forecast, by Application, 2020–2027

8.4.7. India

8.4.7.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.7.2. Market Estimates & Forecast, by Application, 2020–2027

8.4.8. Singapore

8.4.8.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.8.2. Market Estimates & Forecast, by Deployment, 2020–2027

8.4.9. Rest of Asia-Pacific

8.4.9.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.9.2. Market Estimates & Forecast, by Application, 2020–2027

8.5. Middle East

8.5.1. Market Estimates & Forecast, 2020–2027

8.5.2. Market Estimates & Forecast, by Type, 2020–2027

8.5.3. Market Estimates & Forecast, by Application, 2020–2027

8.5.4. Market Estimates & Forecast, by Country, 2020–2027

8.5.5. UAE

8.5.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.5.2. Market Estimates & Forecast, by Application, 2020–2027

8.5.6. Saudi Arabia

8.5.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.6.2. Market Estimates & Forecast, by Application, 2020–2027

8.5.7. Rest of the Middle East

8.5.7.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.7.2. Market Estimates & Forecast, by Application, 2020–2027

8.6. Latin America

8.6.1. Market Estimates & Forecast, 2020–2027

8.6.2. Market Estimates & Forecast, by Type, 2020–2027

8.6.3. Market Estimates & Forecast, by Application, 2020–2027

8.6.4. Market Estimates & Forecast, by Country, 2020–2027

8.6.5. Brazil

8.6.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.6.5.2. Market Estimates & Forecast, by Application, 2020–2027

8.6.6. Rest of Latin America

8.6.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.6.6.2. Market Estimates & Forecast, by Application, 2020–2027

9. COMPETITIVE LANDSCAPE

9.1. Introduction

9.2. Market Strategy

9.3. Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

10. COMPANY PROFILES

10.1. Air BP Limited

10.1.1. Company Overview

10.1.2. Financial Updates

10.1.3. Product/Business Segment Overview

10.1.4. Strategies

10.1.5. Key Developments

10.1.6. SWOT Analysis

10.2. World Energy

10.2.1. Company Overview

10.2.2. Financial Updates

10.2.3. Product/Business Segment Overview

10.2.4. Strategies

10.2.5. Key Developments

10.2.6. SWOT Analysis

10.3. Chevron Corporation

10.3.1. Company Overview

10.3.2. Financial Updates

10.3.3. Product/Business Segment Overview

10.3.4. Strategies

10.3.5. Key Developments

10.3.6. SWOT Analysis

10.4. Honeywell International Inc.

10.4.1. Company Overview

10.4.2. Financial Updates

10.4.3. Product/Business Segment Overview

10.4.4. Strategies

10.4.5. Key Developments

10.4.6. SWOT Analysis

10.5. SkyNRG

10.5.1. Company Overview

10.5.2. Financial Updates

10.5.3. Product/Business Segment Overview

10.5.4. Strategies

10.5.5. Key Developments

10.5.6. SWOT Analysis

10.6. Renewable Energy Group, Inc.

10.6.1. Company Overview

10.6.2. Financial Updates

10.6.3. Product/Business Segment Overview

10.6.4. Strategies

10.6.5. Key Developments

10.6.6. SWOT Analysis

10.7. TerraVia

10.7.1. Company Overview

10.7.2. Financial Updates

10.7.3. Product/Business Segment Overview

10.7.4. Strategies

10.7.5. Key Developments

10.7.6. SWOT Analysis

10.8. SWEDISH BIOFUELS AB

10.8.1. Company Overview

10.8.2. Financial Updates

10.8.3. Product/Business Segment Overview

10.8.4. Strategies

10.8.5. Key Developments

10.8.6. SWOT Analysis

10.9. NXT Fuels Limited

10.9.1. Company Overview

10.9.2. Financial Updates

10.9.3. Product/Business Segment Overview

10.9.4. Strategies

10.9.5. Key Developments

10.9.6. SWOT Analysis

10.10. Red Rock Biofuels

10.10.1. Company Overview

10.10.2. Financial Updates

10.10.3. Product/Business Segment Overview

10.10.4. Strategies

10.10.5. Key Developments

10.10.6. SWOT Analysis

11. OTHER PROMINENT PLAYERS

11.1. Gevo Inc.

11.2. Targray Technology International Inc.

11.3. Argent Energy

11.4. KFS Biodiesel GmbH & Co. KG

11.5. NXT Fuels Limited

11.6. PetroSun, Inc

11.7. The Archer Daniels Midland Company

11.8. Neste Oyj

12. CONCLUSION

LIST OF TABLES

Table 1 Global Aviation Biofuel Market, by Region, 2020–2027

Table 2 North America: Aviation Biofuel Market, by Country, 2020–2027

Table 3 Europe: Aviation Biofuel Market, by Country, 2020–2027

Table 4 Asia-Pacific: Aviation Biofuel Market, by Country, 2020–2027

Table 5 Middle East: Aviation Biofuel Market, by Country, 2020–2027

Table 6 Latin America: Aviation Biofuel Market, by Country, 2020–2027

Table 7 Global Aviation Biofuel Market Size, by Region, 2020–2027

Table 8 North America: Aviation Biofuel Market Size, by Country, 2020–2027

Table 9 Europe: Aviation Biofuel Market Size, by Country, 2020–2027

Table 10 Asia-Pacific: Aviation Biofuel Market Size, by Country, 2020–2027

Table 11 Middle East: Aviation Biofuel Market Size, by Country, 2020–2027

Table 12 Latin America: Aviation Biofuel Market Size, by Country, 2020–2027

Table 13 Global Aviation Biofuel Type Market, by Region, 2020–2027

Table 14 North America: Aviation Biofuel Type Market, by Country, 2020–2027

Table 15 Europe: Aviation Biofuel Type Market, by Country, 2020–2027

Table 16 Asia-Pacific: Aviation Biofuel Type Market, by Country, 2020–2027

Table 17 Middle East: Aviation Biofuel Type Market, by Country, 2020–2027

Table 18 Latin America: Aviation Biofuel Type Market, by Country, 2020–2027

Table 19 Global Aviation Biofuel Application Market, by Region, 2020–2027

Table 20 North America: Aviation Biofuel Application Market, by Country, 2020–2027

Table 21 Europe: Aviation Biofuel Application Market, by Country, 2020–2027

Table 22 Asia-Pacific: Aviation Biofuel Application Market, by Country, 2020–2027

Table 23 Middle East: Aviation Biofuel Application Market, by Country, 2020–2027

Table 24 Latin America: Aviation Biofuel Application Market, by Country, 2020–2027

Table 25 Global Aviation Biofuel Market, by Region, 2020–2027

Table 26 Global Aviation Biofuel Market, by Type, 2020–2027

Table 27 Global Aviation Biofuel Market, by Application, 2020–2027

Table 28 North America: Aviation Biofuel Market, by Country, 2020–2027

Table 29 North America: Aviation Biofuel Market, by Type, 2020–2027

Table 30 North America: Aviation Biofuel Market, by Application, 2020–2027

Table 31 Europe: Aviation Biofuel Market, by Country, 2020–2027

Table 32 Europe: Aviation Biofuel Market, by Type, 2020–2027

Table 33 Europe: Aviation Biofuel Market, by Application, 2020–2027

Table 34 Asia-Pacific: Aviation Biofuel Market, by Country, 2020–2027

Table 35 Asia-Pacific: Aviation Biofuel Market, by Type, 2020–2027

Table 36 Asia-Pacific: Aviation Biofuel Market, by Application, 2020–2027

Table 37 Middle East: Aviation Biofuel Market, by Country, 2020–2027

Table 38 Middle East: Aviation Biofuel Market, by Type, 2020–2027

Table 39 Middle East: Aviation Biofuel Market, by Application, 2020–2027

Table 40 Latin America: Aviation Biofuel Market, by Country, 2020–2027

Table 41 Latin America: Aviation Biofuel Market, by Type, 2020–2027

Table 42 Latin America: Aviation Biofuel Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

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 Biofuel Market Share, by Type, 2020 (%)

FIGURE 9 Global Aviation Biofuel Market, by Type, 2020–2027 (USD Million)

FIGURE 10 Global Aviation Biofuel Market Share, by Application, 2020 (%)

FIGURE 11 Global Aviation Biofuel Market, by Application, 2020–2027 (USD Million)

FIGURE 12 Global Aviation Biofuel Market Share, by Region, 2020 (%)

FIGURE 13 Global Aviation Biofuel Market, by Region, 2020–2027 (USD Million)

FIGURE 14 North America: Aviation Biofuel Market Share, 2020 (%)

FIGURE 15 North America: Aviation Biofuel Market, by Country, 2020–2027 (USD Million)

FIGURE 16 Europe: Aviation Biofuel Market Share, 2020 (%)

FIGURE 17 Europe: Aviation Biofuel Market, by Country, 2020–2027 (USD Million)

FIGURE 18 Asia-Pacific: Aviation Biofuel Market Share, 2020 (%)

FIGURE 19 Asia-Pacific: Aviation Biofuel Market, by Country, 2020–2027 (USD Million)

FIGURE 20 Middle East: Aviation Biofuel Market Share, 2020 (%)

FIGURE 21 Middle East: Aviation Biofuel Market, by Region, 2020–2027 (USD Million)

FIGURE 22 Latin America: Aviation Biofuel Market Share, 2020 (%)

FIGURE 23 Latin America: Aviation Biofuel Market, by Region, 2020–2027 (USD Million)

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Aviation Biofuel Market Overview


Aviation Biofuel Market is expected to grow USD 59.88 billion at a CAGR 5.90% during the forecast period. Air travel is increasing, with the number of passengers expected to rise manifold in the next two decades. Thus, aviation demand is strong across the globe as rising economic prosperity is opening up new travel opportunities. This growth emphasizes the need for the aviation industry to reduce carbon emissions, which is promoting the adoption of aviation biofuels. Aviation is one of the fastest-growing industries, owing to a rapidly expanding global middle class, particularly in developing nations, and the increasing penetration of low-cost carriers. The expanding number of international visitors, as well as fluctuations in oil and gas prices, have a significant impact on the aviation fuel business. Demand is primarily driven by commercial and military applications that are emerging in response to air traffic and aircraft fleet. Increased demand for air cargo transport in terms of volume and freight traffic is one of the major drivers of the aviation fuel market.


The need to minimize carbon emissions has played a crucial role in propelling the aviation biofuels sector. Among gaseous biofuels, electrification, and liquid biofuels, liquid biofuels are the most sophisticated option for the aviation industry due to their high specific energy content and ability to cut carbon emissions. However, the expansion of the aviation biofuel business may be hampered by strict legislation to maintain standard requirements in aviation biofuel manufacturing. With creative solutions, this difficulty can be overcome in the prediction era.


Covid 19 Analysis


The sudden outbreak of the novel coronavirus pandemic has opened doors of havoc for new problems and struggles for both the production and manufacturing units of prominent market players in the international aviation bio-fuel market. One of the major issues is that restraining the market is the low or negligible availability of raw materials that will impact the prevalent ability of the producers to produce and manufacture a sufficient amount to cater to the rising needs of the target audiences across the globe. Another struggle that is being faced by the production units is that the lockdown that had been imposed by the government which is restricting them to either giving up or carrying on their operations for a longer duration to restore the supply chain mechanism that prevailed in the market in the pre-covid times. However, the rising environmental concerns in the 21st century regarding climate change and pollution are pushing people to mend their ways that harm the environment and cause irreparable damage.


The rising environmental concerns are pushing the global governments to address the important climatic issues and hence, increase their investment in the global market functions and products that are proven to be better for environmental conservation. Also, there have been wide attempts undertaken by the prominent players as a part of the growing aviation bio-fuel market size that is likely to have positive attributes in-store post the COVID-19 era and hence, promise great returns to the market during the forecast period that ends.


Market Dynamics


Drivers


The Aviation Bio-fuel Market is home to sustainable aviation fuels that are emerging as a key component in meeting the aviation industry’s commitments to decouple increases in the form of carbon emissions from traffic growth. SAF gives an impressive reduction of up to 80% in the head of CO2 emissions over the lifecycle of the fuel when compared to fossil jet fuel. This is done depending on the sustainable feedstock used, and other factors like production method, and the supply chain analysis to the airport. According to the information that has been circulated by the IATA fact sheet, SAF will be an eligible option for aircraft operators to meet their set obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).


Restraints


The aviation bio-fuel market growth is witnessing restraints in the form of the associated costs. Any conventional bio-lubricant is expected to be available in the market at a 30-40% increased price. The substantial increase in the production of cost-effective fuel components and inclusions is a major issue which the prominent market players are facing major issues to resolve.


Technology Analysis


Based on the technological advancements and developments, there is a special focus on motor oil for cars. There is a rapid increase in environmental issues which will benefit and enhance the demand for bio-based lubricants. The temperature and climate for aviation bio-fuel are favorable and hence, the Aviation Bio-fuel Market players are positive and anticipate a great degree of sustainability for the industry to emerge as an evergreen one during the forecast period and beyond that as well.


Study Objectives



  • To project the CAGR growth rate and the Aviation Bio-fuel Market valuation expected to reach during the forecast period that based on the market dynamics like drivers, opportunities, and restraints.

  • To study the market scope and the revenue potential of the market segments that will impact the final market valuation during the period.

  • To analyze the degree of competition prevailing amongst the market players that are functional in the global market during the period.

  • To forecast the dominant market players and regions based on the undertaken recent developments during the period.


Segment Overview


The aviation bio-fuel market has been segmented based on the following:


By fuel type



  • Biofuel

  • Hydrogen Fuel

  • Power to Liquid Fuel


By Biofuel Manufacturing Technology



  • Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)

  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)

  • Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)

  • Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A)

  • Alcohol to Jet SPK (ATJ-SPK)

  • Catalytic Hydrothermolysis Jet (CHJ


By Biofuel Blending Capacity



  • Below 30%

  • 30% to 50%

  • Above 50%


By Platform



  • Commercial Aviation

  • Military Aviation

  • Business & General Aviation

  • Unmanned Aerial Vehicle


By Region



  • North America

  • Europe

  • Asia Pacific

  • Middle East

  • Latin America

  • Africa


Regional Analysis


The North American Aviation Bio-fuel Market is expected to grow at the highest CAGR during the forecast period that ends in 2028. To cater to the need for of reduction in carbon footprints due to increasing air traffic and air passengers, prominent regional countries such as the US and Canada in North America are laying their focus on various initiatives to utilize renewable aviation fuel. With a steep rise in the supportive policies and initiatives for the decarbonization process of aviation emissions, the North American market is likely to be deemed to be one of the strong demand centers for sustainable aviation fuel.


Competitive Landscape


The aviation bio-fuel market trends are pushing the development of a globally competitive degree that is prevalent amongst the prominent market players and, thus, helps cater to the needs of a larger target audience. The market players are as follows:



  • Neste (Finland)

  • Gevo (US)

  • World Energy (US)

  • Eni (Italy)

  • Aemetis, Inc. (US)

  • SkyNRG (Netherlands)

  • Velocys (UK)

  • Fulcrum BioEnergy (US)


These key players are offering various market products and services such as biofuel, synthetic fuel, fuels, green fuel, and hydrogen fuel, to come forward and curb the GHG emissions from aviation and other industrial sectors such as automotive, marine, chemical, etc.

The startup companies in the sustainable aviation fuel market include companies like the following:



  • Red Rock Biofuels (US)

  • SG Preston Company (US)


Recent Developments



  • February 2022: ExxonMobil received an agreement by the Civil Aviation Authority of Singapore (CAAS), Singapore Airlines (SIA), and the Singapore-based global investment firm Temasek to supply and distribute sustainable aviation biofuel in Singapore. This product will consist of 1.25 million liters of neat SAF supplied by Neste and created from discarded cooking oil and waste animal fats before being combined with refined jet fuel at ExxonMobil's Singapore facility.


Intended Audience



  • Public sector and government enterprises

  • Bio-lubricant manufacturers and producers

  • Enterprises included in the aviation biofuel in trading

  • Market investors

  • Research firms

  • Development institutions

  • Medical and pharmaceutical companies


Report Overview


The aviation bio-fuel market outlook in the form of this report is a clear depiction of the market functions. The report focuses on important aspects like the performance of the prominent market players and the recent developments undertaken. The report offers detailed market insights on the prevailing trends and encompasses the dynamics in the form of the demand drivers and growth opportunities that will be responsible for the global growth of the market when the forecast period.



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Frequently Asked Questions (FAQ) :

Aviation Biofuel Market size by 2025 is anticipated to be USD 59.88 Billion.

Aviation Biofuel Market could attain a CAGR of 5.90% between 2019 and 2025.

Factors that boost Aviation Biofuel Market growth across the globe include growing concerns about environmental protection and global warming. Additionally, the growing preference for bio-based solvents is also encouraging the oil & gas companies to invest in the Aviation Biofuel Market.

Hydro processed Esters and Fatty Acids type can secure the leading position in the Aviation Biofuel Market.

The key growth drivers in the MEA Aviation Biofuel Market include the strong presence of eminent airline vendors like Etihad Airways, The Emirates Group and more.