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Global Aviation Biofuels Market Share, Size, Trends, Growth: By Technology: Fischer-Tropsch, Hydrogenated Vegetable Oil; By Application: Military Aviation, Commercial Aviation; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Aviation Biofuels Market Outlook
The global aviation biofuels market size is estimated to grow at a CAGR of 60.50% in the forecast period of 2024-2032 to reach a value of around USD 29,736.55 million by 2032.
North America to Account for A Significant Share in the Market for Aviation Fuel
In North America, the introduction of favourable government initiatives towards producing aviation biofuels that address climate change is aiding the market growth. Several administrative bodies in the United States are taking initiatives to increase production and reduce the cost of sustainable aviation fuels while lowering emissions in the aviation sector.
The increasing air traffic and the matured aviation sector of the region are providing lucrative opportunities for the aviation biofuels market growth in North America. Meanwhile, the market in Europe is expected to be aided by the rising focus on sustainability and the growing environmental consciousness in the region.
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Market Segmentation
Aviation biofuels, also known as sustainable aviation fuel, are used as alternatives to conventional jet fuel in order to power an aircraft. The adoption of aviation biofuels enables the aviation sector to reduce its carbon footprint and address climate change, as they are typically obtained from plant waste. Thus, they are cost-effective and sustainable.
The market for aviation biofuels, by technology, is divided into:
- Fischer-Tropsch
- Hydrogenated Vegetable Oil
Based on application, the market is segmented into:
- Military Aviation
- Commercial Aviation
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The regional markets for aviation biofuels can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Environmental Consciousness to Drive the Market Growth of Aviation Biofuels
The growing concerns over environmental pollution are driving the adoption of biofuels in the aviation sector, as they are renewable, biodegradable, and non-toxic. The emerging need to reduce the dependency on fossil fuels and the soaring price of crude oils are also contributing to the aviation biofuels market expansion.
The expanding aviation sector, globalisation, and improving living standards are significantly boosting the preference for affordable and comfortable air travel experiences, which, in turn, is increasing the demand for cost-effective biofuels.
The sustainability of biofuels, its increasing production, and the rising need to reduce carbon footprint are accelerating the market development. Additionally, the use of biofuels in the aviation sector is potentially easier when compared to a more dispersed public fuel delivery system. Leading airlines and aircraft manufacturers are setting up voluntary targets to achieve carbon neutrality, which is aiding the market growth.
Various government initiatives towards combating climate change are expected to augment the use of biofuels as an alternative to conventional fuels in the aviation sector. Further, the use of advanced technologies for effective biofuel production to meet the growing demands is likely to aid the market over the forecast period.
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Key Players in the Global Market for Aviation Biofuels
The report gives a detailed analysis of the following key players in the global aviation biofuels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments,expansions of capacity, and plant turnarounds:
- Gevo, Inc.
- Red Rock Biofuels
- Exxon Mobil Corporation
- TotalEnergies SE
- Enerkem Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Aviation Biofuels Market Analysis
8.1 Key Industry Highlights
8.2 Global Aviation Biofuels Historical Market (2018-2023)
8.3 Global Aviation Biofuels Market Forecast (2024-2032)
8.4 Global Aviation Biofuels Market by Technology
8.4.1 Fischer-Tropsch
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Hydrogenated Vegetable Oil
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Aviation Biofuels Market by Application
8.5.1 Military Aviation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Commercial Aviation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Aviation Biofuels Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Gevo, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Red Rock Biofuels
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Exxon Mobil Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 TotalEnergies SE
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Enerkem Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Aviation Biofuels Market: Key Industry Highlights, 2018 and 2032
2. Global Aviation Biofuels Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Aviation Biofuels Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Aviation Biofuels Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Aviation Biofuels Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Aviation Biofuels Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Aviation Biofuels Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Aviation Biofuels Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Aviation Biofuels Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Aviation Biofuels Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Aviation Biofuels Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Aviation Biofuels Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Aviation Biofuels Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Aviation Biofuels Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Aviation Biofuels Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Aviation Biofuels Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Aviation Biofuels Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Aviation Biofuels Market Structure.
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 60.50% between 2024 and 2032.
The market is estimated to reach almost USD 29,736.55 million by 2032.
The major market drivers include the increasing air traffic, the rising need to reduce dependency on fossil fuel, expanding aviation sector, and the cost-effectiveness and sustainability of aviation biofuels.
The key market trends guiding the growth of the market include the growing environmental consciousness and advancements in biofuels production technologies.
Aviation biofuels reduce carbon footprints, offer a sustainable and cleaner alternative to conventional fossil fuels, and lower the environmental impacts of the aviation sector.
The major regions in the aviation biofuels market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant technologies of aviation biofuels include Fischer-Tropsch and hydrogenated vegetable oil.
The different applications of aviation biofuels include military aviation and commercial aviation.
The major players in the market are Gevo, Inc., Red Rock Biofuels, Exxon Mobil Corporation, TotalEnergies SE, and Enerkem Inc., among others.
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