DUBLIN--(BUSINESS WIRE)--The "Sustainable Aviation Fuel Market by Fuel Type, Aircraft Type and Platform: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Sustainable aviation fuel is a type of petroleum-based or kerosene-based fuel used to operate an aircraft. It has better quality than other fuels used in any other medium of transport. They are produced in different combinations of kerosene, kerosene-gasoline, kerosene-biofuel, and others.
Fuels used in aviation reduce risk of icing or explosion due to high temperature, which is obtained by incorporating some additives such as corrosion inhibitors and others. Sustainable aviation fuel is primarily used by most military aircrafts and commercial airlines to maximize fuel efficiency and to lower operational cost.
Aircraft industry is expanding nowadays, which is increasing competition among aircraft aviation fuel production in all sectors. Alternate environment friendly sources for sustainable aviation fuel production is projected to impact the aviation fuel industry in the future. The sustainable aviation fuel market has witnessed significant growth over the years, owing to increasing trend of advanced fuels to be used in aircrafts across the globe.
The global sustainable aviation fuel market has been segmented into fuel type, aircraft type, platform, and region. On the basis of fuel type, the global market has been segmented into biofuel, hydrogen fuel, and power to liquid fuel. On the basis of aircraft type, it is segmented into fixed wings, rotorcraft, and others. On the basis of platform, it is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. By region, the market has been studied across North America, Europe, Asia-Pacific and LAMEA.
Key Benefits
- This study presents analytical depiction of the global sustainable aviation fuel market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
Market Dynamics
Drivers
- Rise in number of airline passengers, coupled with increased disposable income
- Increase in air transportation
- Increase in consumption of synthetic lubricants
Restraints
- Fluctuations in crude oil prices
- Contamination of lubricants
Opportunities
- Development of ecofriendly and safe aviation lubricants
- Rise in demand for low density lubricants for reduced weight
Companies Mentioned
- Aemetis Inc.
- Avfuel Corporation
- Fulcrum Bioenergy
- Gevo
- Lanzatech
- Neste
- Preem AB
- Sasol
- SkyNRG
- World Energy
For more information about this report visit https://www.researchandmarkets.com/r/74lkrl
