Aviation Biofuel Market

Aviation Biofuel Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

  • Ongoing
  • August 2020
  • REP-GB-3768
  • PDF PPT EXCEL
Aviation Biofuel Market
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This Aviation Biofuel market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Aviation Biofuel market.

‘Green Development’ is the first priority for large scale industries around the world, with the purpose of reducing their carbon footprint. The aviation industry contributes 2% in the emission of greenhouse gases, which may rise to 3% in coming future. Air transport, being a fast growing transport medium that carries around two billion people and employs 30 million people, plays a crucial role in accounting for carbon emission. It is thus important for the aviation industry to incline towards green development and switch to biofuels.

The aviation biofuel market offers second generation sustainable biofuel as first generation biofuel could not meet cost expectations. The aviation biofuel market offers an alternative for current traditional jet fuel, and it is produced from natural feedstock and plant material, such as algae, jatropha and halophytes without acquiring agricultural land or fresh water resources. Thus, the aviation biofuel market is expected to dominate the aviation market throughout the forecast period, owing to its stability in operational cost and the reduced carbon emission advantage.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Initiatives taken by the European Commission and by aviation industries involved in aviation biofuel production have introduced advancement in aviation biofuel in the European region, in order to achieve consumption of 2 million tonnes of biofuel in the European Civil Aviation sector over the forecast period. With the availability of sustainable raw materials at low prices, it is expected that the supply of aviation biofuel will be accessible across the Europe and on an international platform by 2030. Thus, aviation biofuel is projected to gain remarkable opportunities over the forecast period.

Aviation Biofuel Market: Drivers and Restraints

In the aviation sector, traditional jet fuel is used, which is extracted from the kerosene fraction of crude oil under stringent regulations. Air transportation accounts for more than 10% in energy consumption on a global level. Among gaseous biofuels, electrification, and liquid biofuels, the most advanced substitute for the aviation sector is liquid biofuel, owing to its high specific energy content. With the objective of reduction in CO2 gas emission, the aviation biofuel market is expected to witness robust growth over the forecast period. The rising demand for bio jet fuel, with increasing international trade are expected to drive the aviation market globally, where hydrogenated esters and fatty acids (HEFA) is expected to become a promising alternative to supple ample amount of biofuel in the aviation biofuel market.

European airlines, such as British Airways, Air France and Lufthansa, in co-ordination with Airbus and European aviation biofuel producers have initiated the endorsement of aviation biofuel in Europe. Also, the U.S. Federal government is evolving as an active promoter and buyer of aviation biofuel. An interagency biofuel partnership has been made between the Department of Defense, the U.S. Department of Agriculture and the U.S. Department of Energy in order to avail biofuel for the U.S. Air Force and the U.S. Navy.

However, strict regulations to maintain standard specifications in producing aviation biofuel may affect growth of the aviation biofuel market. This challenge can be overcome with innovative technologies over the forecast period.

Aviation Biofuel Market: Segmentation

Aviation Biofuel Market: Region-Wise Outlook

Based on geography, the aviation biofuel market is expected to remain predominant in the U.S. over the forecast period. Being a fast growing region in the aviation market, the U.S. civil aviation sector is estimated to account for a significant value share in the aviation biofuel market over the forecast period. The strategic expansion of aviation biofuel producing industries, along with the Federal Aviation Administration (FAA) are expected to increase the consumption of biofuel by 1 Bn gal/Yr of sustainable aviation biofuel by 2018.  Followed by the U.S., European nations are expected to witness robust growth in the aviation biofuel market in the coming decade.

Oslo city, Norway has become world’s first airport to deliver jet biofuel, offering it on-tap to all airlines. Such a trend, of swapping into ‘bioport’ to supply aviation biofuel is anticipated to boost the aviation biofuel market in this region over the forecast period. Other countries, such as Australia are taking initiatives to study the novel concept of bioport. Developing nations in Asia-Pacific region, such as India and China are expected to gain significant opportunities in the supply chain for providing feedstock to produce aviation biofuel in near future. Also, the target of attaining 7.5 billion gallons per year of aviation biofuel promoted by China is expected to offer significant opportunities for the aviation biofuel market in the coming future.

Aviation Biofuel Market: Market Participants

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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The aviation biofuel market can be segmented based on the certified production technology:

  • Hydrogenated Vegetable Oil (HVO)
  • Fischer-Tropsch (FT)

The aviation biofuel market can be segmented based on the feedstock:

  • Sugarcane
  • Cassava
  • Grasses
  • Industrial and Municipal Waste
  • Jatropha
  • Algae
  • Sweet Sorghum

Examples of some of the market participants in the aviation biofuel market are listed below:

  • Honeywell International Inc.
  • Red Rock Biofuels
  • Targray Technology International Inc.
  • Vega Biofuels
  • Argent Energy
  • GEVO
  • KFS Biodiesel GmbH & Co. KG
  • PetroSun, Inc.
  • Shirke Energy
  • Archer Daniels Midland Company

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions

What research methodology is used to develop the Aviation Biofuel Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Aviation Biofuel Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Aviation Biofuel Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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