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[ 英語タイトル ] Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Biofuel Manufacturing Technology, Biofuel Blending Capacity, Platform, Region - Forecast to 2030


Product Code : MNMAD0059150
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Aerospace and Defence
Study Area : Global
Report format : PDF
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[Report Description]

“Increasing need for reduction in GHG emissions in aviation industry driving the sustainable aviation fuel market”

The sustainable aviation fuel market is projected to grow from estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. This growth can be attributed to factors, such as increasing need for reduction in GHG emissions in aviation industry, increasing air passenger traffic, high fuel efficiency of renewable jet fuel.

The sudden outbreak of COVID-19 has adversely impacted the aviation sector in 2020. The immediate lockdown in various nations across the globe, bans on domestic and international flights during the lockdown, air travel restrictions on non-essential travel, temporary halts in production and manufacturing activities, and limited workforce as per new government norms to prevent the spread of the disease have led to delays in the deliveries of aircraft in the first and second quarter of 2020 as well as delays in the research and development activities.

Broader use of sustainable aviation fuels is one important component of the industry’s strategy to lower its climate impact. However, significant expansion in the use of sustainable aviation fuels, efficiency upgrades to the fleet is expected to delay with uncertainty. Much of the industry will likely defer acquiring new aircraft containing technology improvements until demand is stronger, solvency of the carriers is assured, and the price of jet fuel exerts pressure to add fuel-saving evolutionary technologies to the fleet. Unfortunately, initiatives to develop and begin using biojet fuels, green fuels, e-fuels, synthetic fuels, etc. with life cycle CO2 emissions that can be up to 80% less carbon intensive than fossil-based jet fuel will likely be delayed. Before the coronavirus pandemic, a major barrier to the rapid establishment of a SAF industry was the significantly higher costs of SAF compared to conventional jet fuel. According to Environmental and Energy Study Institute (EESI), with oil prices recently falling below zero and still very low, and jet fuel demand in the first quarter 47% below last year’s first quarter, jet fuel prices fell more than 65% by the 20th April, 2020. The investments required to transition aviation to a bio-fueled industry are unlikely to materialize until commercial aviation recovers and conventional jet fuel prices increase.

“Based on fuel type, the biofuel segment is estimated to lead the sustainable aviation fuel market during the forecast period”

Based on fuel type, the biofuel segment of the sustainable aviation fuel market is accounted for the largest share during the forecast period. The greatest potential of biofuel lies in its ability to significantly reduce GHG emissions in the aviation sector and positively impact climate change. The strong and ongoing commitment of the aviation sector and the active involvement of an increasing numbers of stakeholders such as airlines and many aviation organizations to develop biofuel through voluntary initiatives has been a major driving force behind biofuel development and consumption. The production of biofuel is expected to scale up rapidly in the coming decade due to rapid developments in technological pathways to commercialize the use of alternative jet fuel.


“Based on biofuel manufacturing technology, the hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is estimated to lead the sustainable aviation fuel market in 2020”

Based on biofuel manufacturing technology, the hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment of the sustainable aviation fuel market is expected to grow at the highest CAGR during the forecast period. The development and deployment of bio-jet fuels, primarily HEFA bio-jet, has progressed from single demonstration flights by airlines or equipment manufacturers to multi-stakeholder supply-chain initiatives including equipment manufacturers, airlines, fuel producers and airports. This growth can be attributed to the technologically being most commercially available for the production of sustainable aviation fuel.

“Based on biofuel blending capacity, the 30% to 50% segment is expected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is expected to grow at the highest CAGR during the forecast period. The moderate blend capacity, drop-in facility in existing fuel systems, supply logistics infrastructure, and aircraft fleet allow to minimize the overall cost and cater to the volume demands from commercial and military aviation.

“Based on platform, the commercial aviation segment is estimated to lead the sustainable aviation fuel market during the forecast period”

Based on platform, the commercial aviation segment of the sustainable aviation fuel market is accounted for the largest share during the forecast period. The growth of this segment can be attributed to the increase in the aircraft fleet of emerging economies in the commercial aviation sectors. The initiatives taken by the various commercial airlines, commercial airports, and aircraft manufacturers across the globe in adoption of renewable jet fuel is driving the growth of this segment in sustainable aviation fuel market.


“Europe is estimated to lead the sustainable aviation fuel market in 2020, and North America is projected to grow at the highest CAGR during the forecast period”

Europe is estimated to lead the sustainable aviation fuel market in 2020. The region is a key player in the biofuel production technology sector with several commercial-size plants in operation. In addition, government initiatives and industry collaborations with universities and research laboratories aim to have a positive impact on the sustainable aviation fuels market in Europe. North America is projected to grow at the highest CAGR during the forecast period. To cater to the need for of reduction in carbon footprints due to increasing air traffic and air passengers, the countries such as the US and Canada in North America are focused on various initiatives to utilize the sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel.

Break-up of profile of primary participants in the sustainable aviation fuel market:

• By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
• By Designation: C Level – 50%, Director Level – 25%, and Others – 25%
• By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, South America– 5%, and RoW – 5%

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. Some of the startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

Research Coverage:

This research report categorizes the sustainable aviation fuel market on the basis of fuel type (biofuel, hydrogen fuel, and power-to-liquid), biofuel manufacturing technology (Hydroprocessed 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), and Catalytic Hydrothermolysis Jet (CHJ)), biofuel blending capacity (below 30%, 30% to 50%, and above 50%.), and platform (commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle). These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the sustainable aviation fuel market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the sustainable aviation fuel market. In addition, the startups in sustainable aviation fuel market ecosystem is covered in this report to provide usable insights and developments happening in the emerging market of sustainable aviation fuel.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall sustainable aviation fuel market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on sustainable aviation fuel offered by the top players in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, contracts, agreements, and expansion plans in the sustainable aviation fuel market

• Market Development: Comprehensive information about lucrative markets – the report analyzes the sustainable aviation fuel market across varied regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sustainable aviation fuel market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the sustainable aviation fuel market

1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 SCOPE OF STUDY 32
1.3.1 MARKETS COVERED 32
1.3.2 REGIONAL SCOPE 32
1.4 YEARS CONSIDERED FOR THE STUDY 33
1.5 CURRENCY 33
1.6 INCLUSIONS AND EXCLUSIONS 33
1.7 LIMITATIONS 34
1.8 MARKET STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 1 RESEARCH FLOW 35
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Breakdown of primary interviews 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 39
TABLE 1 PRIMARY INTERVIEWEES DETAILS 39
2.2 DEMAND- AND SUPPLY-SIDE INDICATOR ANALYSIS 39
2.2.1 DEMAND-SIDE INDICATORS 40
2.2.1.1 Adoption rate of SAF by airlines and airports due to stringent regulations 40
2.2.1.2 Increase in air traffic across the globe 40
FIGURE 4 AIR TRAVEL DATA FROM 2004 TO 2020 41
2.2.2 SUPPLY-SIDE INDICATORS 41
2.2.2.1 Development of technological pathways and high blending capacity approvals 41
2.3 COVID-19 IMPACT ON SUSTAINABLE AVIATION FUEL MARKET 42
2.4 MARKET-SIZE ESTIMATION 42
2.4.1 BOTTOM-UP APPROACH 42
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 1 (SUPPLY SIDE) 43
2.4.2 TOP-DOWN APPROACH 43
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 6 DATA TRIANGULATION METHODOLOGY 44
2.6 GROWTH RATE ASSUMPTIONS 45
FIGURE 7 INSIGHTS FROM INDUSTRY EXPERTS 45
2.7 ASSUMPTIONS 45
2.8 RISKS 46
3 EXECUTIVE SUMMARY 47
FIGURE 8 BIOFUEL SEGMENT PROJECTED TO LEAD THE SUSTAINABLE AVIATION FUEL MARKET DURING THE FORECAST PERIOD 47
FIGURE 9 FT-SPK SEGMENT PROJECTED TO LEAD THE SUSTAINABLE AVIATION FUEL MARKET DURING THE FORECAST PERIOD 48
FIGURE 10 30% TO 50% SEGMENT EXPECTED TO HAVE THE HIGHEST CAGR DURING THE FORECAST PERIOD 48
FIGURE 11 MILITARY AVIATION SEGMENT EXPECTED TO HAVE THE HIGHEST CAGR DURING THE FORECAST PERIOD 49
FIGURE 12 EUROPE TO DOMINATE SUSTAINABLE AVIATION FUEL MARKET IN 2020 49
4 PREMIUM INSIGHTS 50
4.1 SUSTAINABLE AVIATION FUEL MARKET OVERVIEW 50
FIGURE 13 DEMAND FOR CO2 AND GHG EMISSION REDUCTION WILL DRIVE THE MARKET 50
4.2 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE 50
FIGURE 14 BIOFUEL SEGMENT IS EXPECTED TO GROW AT A HIGHER RATE 50
4.3 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY 51
FIGURE 15 CHINA PROJECTED TO LEAD THE ASIA PACIFIC MARKET 51
4.4 US SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE 51
FIGURE 16 BIOFUEL SEGMENT TO LEAD THE US MARKET 51
4.5 EUROPE SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM AND COUNTRY 52
FIGURE 17 COMMERCIAL AVIATION SEGMENT TO LEAD THE EUROPEAN MARKET 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 18 SUSTAINABLE AVIATION FUEL: MARKET DYNAMICS 53
5.2.1 DRIVERS 54
5.2.1.1 Increasing need for reduction in GHG emissions in aviation industry 54
FIGURE 19 COMPARISON OF CLIMATE IMPACT FROM HYDROGEN PROPULSION AND SYNFUEL, 2050 54
5.2.1.2 Increasing air passenger traffic 55
FIGURE 20 CO2 EMISSIONS, BY AIRCRAFT TYPE AND RANGE, 2018 55
5.2.1.3 High fuel efficiency of SAF 55
5.2.2 RESTRAINTS 56
5.2.2.1 Inadequate availability of feedstock and refineries to meet SAF production demand 56
5.2.2.2 Price differential between SAF and conventional jet fuel 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Rising demand for SAF by airlines across the globe 56
TABLE 2 CONTRACTS/AGREEMENTS OF AIRLINES 57
TABLE 3 AIRPORTS HAVING SUSTAINABLE AVIATION FUEL BLENDING AND SUPPLY FACILITY 57
5.2.3.2 Drop-in capability of SAF increases its demand to reduce carbon footprint 58
5.2.3.3 Government initiatives such as tax reductions on aviation fuel and set standards 58
5.2.3.4 Sustainable marine fuel 59
5.2.4 CHALLENGES 59
5.2.4.1 Increased cost of SAF increases operating cost of airlines 59
5.2.4.2 Techno-economic analysis (TEA) and lifecycle analyses are inconsistent 59
5.2.4.3 Huge investments required for approval and certification of SAF 59
5.2.4.4 Large quantity of SAF must be produced to increase fuel blends 60
5.3 RANGES AND SCENARIOS 60
FIGURE 21 THE UNCERTAINTIES ON SUSTAINABLE AVIATION FUEL MARKET DUE TO COVID-19 60
5.4 IMPACT OF COVID-19 ON SUSTAINABLE AVIATION FUEL MARKET 61
FIGURE 22 IMPACT OF COVID-19 ON SUSTAINABLE AVIATION FUEL MARKET 62
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 62
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SUSTAINABLE AVIATION FUEL MANUFACTURERS 62
FIGURE 23 REVENUE SHIFT IN SUSTAINABLE AVIATION FUEL MARKET 63
5.6 TARIFF AND REGULATORY LANDSCAPE 63
TABLE 4 POLICIES AND MEASURES FOR THE INTRODUCTION OF SUSTAINABLE AVIATION FUEL 64
5.7 AVIATION FUEL: AVERAGE SELLING PRICE TREND 66
TABLE 5 AVERAGE SELLING PRICE: AVIATION FUEL 66
5.8 VALUE CHAIN ANALYSIS 66
FIGURE 24 VALUE CHAIN ANALYSIS: SUSTAINABLE AVIATION FUEL MARKET 66
5.8.1 FEEDSTOCK PRODUCERS AND TRADERS 67
5.8.2 SAF TECHNOLOGY PROVIDERS 67
5.8.3 SAF PRODUCERS 67
5.8.4 OEMS AND REGULATION AUTHORITIES 67
5.8.5 SAF DISTRIBUTORS 67
5.8.6 AIRPORTS AND AIRLINES 67
5.9 MARKET ECOSYSTEM 68
5.9.1 PROMINENT COMPANIES 68
5.9.2 PRIVATE AND SMALL ENTERPRISES 68
5.9.3 END USERS 68
FIGURE 25 MARKET ECOSYSTEM MAP: SUSTAINABLE AVIATION FUEL 69

5.10 TECHNOLOGY ANALYSIS 69
5.10.1 IMPROVED ENGINE TECHNOLOGIES AND AIRCRAFT DESIGN 70
5.10.2 NEW COMPOSITE LIGHTWEIGHT MATERIAL 70
5.10.3 HYBRID ELECTRIC PROPULSION 70
5.10.4 ELECTROFUELS (E-FUELS) 70
5.11 USE CASES 71
5.11.1 OFFTAKE AGREEMENTS 71
5.11.1.1 Air BP and Norway’s Oslo Airport 71
5.11.1.2 Fulcrum BioEnergy and Hong Kong carrier Cathay Pacific Airways 71
5.11.1.3 Red Rock Biofuels and FedEx Corp & Southwest Airlines 72
5.11.1.4 Gevo and Avfuel Corporation 72
TABLE 6 ONGOING DELIVERIES OF SUSTAINABLE AVIATION FUEL AT THE AIRPORTS 72
5.11.2 SUNFIRE E-CRUDE TO PRODUCE E-FUEL 72
5.11.3 CHEMICAL PLANT BY INERATEC GMBH FOR POWER-TO LIQUID TECHNOLOGY 73
5.11.4 AEROSPACE PROPULSION 73
5.11.4.1 Green Propellant Infusion Mission by NASA 73
5.11.4.2 Eco-friendly propellants by ISRO 73
6 INDUSTRY TRENDS 74
6.1 INTRODUCTION 74
6.2 ORGANIZATIONS INVOLVED IN SUSTAINABLE AVIATION FUEL PROGRAMS 74
6.2.1 SUSTAINABLE AVIATION FUEL USERS GROUP 74
6.2.2 INITIATIVES BY INTERNATIONAL AIR TRANSPORT ASSOCIATION MEMBERS 75
6.2.3 COMMERCIAL AVIATION ALTERNATIVE FUELS INITIATIVE 75
6.2.4 NORDIC & NISA INITIATIVES FOR SUSTAINABLE AVIATION 75
6.2.5 AIR TRANSPORT ACTION GROUP 75
6.2.6 INTERNATIONAL CIVIL AVIATION ORGANIZATION 76
6.2.7 INTERNATIONAL RENEWABLE ENERGY AGENCY 76
6.3 RESEARCH & INNOVATION ROADMAP FOR AVIATION HYDROGEN TECHNOLOGY 77
FIGURE 26 RESEARCH AREAS FOR THE AVIATION HYDROGEN TECHNOLOGY 77
6.4 TECHNOLOGY TRENDS 78
6.4.1 HYDROTHERMAL LIQUEFACTION (HTL) 78
6.4.2 PYROLYSIS PATHWAYS OR PYROLYSIS-TO-JET (PTJ) 78
6.4.3 TECHNOLOGICAL MATURITY - FUEL READINESS LEVEL AND FEEDSTOCK READINESS LEVEL 78
TABLE 7 THE 9 LEVELS OF THE FUEL READINESS LEVEL 78
TABLE 8 THE 9 LEVELS OF THE FEEDSTOCK READINESS LEVEL 79
6.5 IMPACT OF MEGATREND 80
6.6 INNOVATION AND PATENT ANALYSIS 81
TABLE 9 INNOVATIONS & PATENT REGISTRATIONS 81

7 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE 82
7.1 INTRODUCTION 83
FIGURE 27 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2020 & 2030 (USD MILLION) 83
TABLE 10 SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 83
7.2 BIOFUEL 84
7.2.1 DROP-IN CAPABILITY WITH NO CHANGES IN INFRASTRUCTURE OF AIRCRAFT DRIVES DEMAND FOR BIOFUEL 84
TABLE 11 SUSTAINABLE AVIATION BIOFUEL MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 84
7.3 HYDROGEN FUEL 84
7.3.1 HYDROGEN COMBUSTION AND HYDROGEN FUEL CELLS ARE CONSIDERED TRUE ZERO CARBON SOLUTION 84
TABLE 12 CURRENT HYDROGEN POWERED AIRCRAFT DEVELOPMENTS 85
TABLE 13 SUSTAINABLE AVIATION HYDROGEN FUEL MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 86
7.4 POWER TO LIQUID 86
7.4.1 TECHNOLOGICAL ADVANCEMENTS WILL DRIVE THE SEGMENT IN FUTURE 86
8 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL MANUFACTURING TECHNOLOGY 87
8.1 INTRODUCTION 88
FIGURE 28 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2020 & 2030 (USD MILLION) 88
TABLE 14 SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 88
8.2 FISCHER TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK) 89
8.2.1 ADOPTION OF THIS PROCESS ON COMMERCIAL SCALE FOR PRODUCTION OF SAF WILL DRIVE THE SEGMENT 89
TABLE 15 FISCHER TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK) MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 89
8.3 HYDROPROCESSED ESTERS AND FATTY ACIDS - SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK) 89
8.3.1 BIOFUELS PRODUCED FROM THIS TECHNOLOGY ARE MOST COMMERCIALLY AVAILABLE 89
TABLE 16 HYDROPROCESSED ESTERS AND FATTY ACIDS - SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK) MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 90
8.4 SYNTHETIC ISO-PARAFFIN FROM FERMENTED HYDROPROCESSED SUGAR (HFS-SIP) 90
8.4.1 R&D INITIATIVES TO INCREASE BLEND CAPACITY ARE LEADING TO ADVANCEMENTS IN TECHNOLOGICAL PATHWAYS 90
TABLE 17 SYNTHETIC ISO-PARAFFIN FROM FERMENTED HYDROPROCESSED SUGAR (HFS-SIP) MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 90

8.5 FISCHER TROPSCH (FT) SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS
(FT-SPK/A) 91
8.5.1 GROWING INITIATIVES FOR REDUCTION IN GHG EMISSIONS ARE INCREASING DEMAND FOR SYNTHETIC ALTERNATIVE AVIATION FUELS 91
TABLE 18 FISCHER TROPSCH (FT) SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS (FT-SPK/A) MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 91
8.6 ALCOHOL TO JET SPK (ATJ-SPK) 91
8.6.1 HIGH BLEND CAPACITY ACHIEVED THROUGH THIS TECHNOLOGY DRIVES THE SEGMENT 91
TABLE 19 ALCOHOL TO JET SPK (ATJ-SPK) MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 92
8.7 CATALYTIC HYDROTHERMOLYSIS JET (CHJ) 92
8.7.1 REQUIREMENT OF LARGE VOLUMES OF ALTERNATIVE JET FUEL IS DRIVING DEMAND FOR NEW PATHWAYS 92
TABLE 20 CATALYTIC HYDROTHERMOLYSIS JET (CHJ) MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 92
9 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY 93
9.1 INTRODUCTION 94
FIGURE 29 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2020 & 2030 (USD MILLION) 94
TABLE 21 SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 94
9.2 BELOW 30% 95
9.2.1 DIFFERENT BLENDING LEVELS DECREASE DEPENDENCY ON PETROLEUM FUELS 95
TABLE 22 BELOW 30% BIOFUEL BLENDING CAPACITY MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 95
9.3 30% TO 50% 95
9.3.1 NEED FOR REDUCTION OF CARBON FOOTPRINT IN AVIATION SECTOR IS DRIVING THE SEGMENT 95
TABLE 23 30% TO 50% BIOFUEL BLENDING CAPACITY MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 96
9.4 ABOVE 50% 96
9.4.1 R&D IN TECHNOLOGICAL PATHWAYS IS INCREASING BLENDING CAPACITY OF SAF 96
10 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM 97
10.1 INTRODUCTION 98
10.2 IMPACT OF COVID-19 ON PLATFORMS OF SUSTAINABLE AVIATION FUEL MARKET 98
10.2.1 MOST IMPACTED PLATFORM SEGMENT 98
10.2.1.1 Commercial aviation 98
10.2.1.2 Business & general aviation 98
10.2.2 LEAST IMPACTED PLATFORM SEGMENT 99
10.2.2.1 Military aviation 99
TABLE 24 BOEING MILITARY AIRCRAFT DELIVERIES, 2019 VS 2020 99
FIGURE 30 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2020 & 2030 (USD MILLION) 100
TABLE 25 SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM,
2018–2030 (USD MILLION) 100
10.3 COMMERCIAL AVIATION 100
10.3.1 GROWING CONCERNS OVER REDUCTION OF CARBON FOOTPRINT IN AVIATION SECTOR IS DRIVING THE SEGMENT 100
TABLE 26 COMMERCIAL AVIATION SUSTAINABLE AVIATION FUEL MARKET SIZE,
BY REGION, 2018–2030 (USD MILLION) 101
10.4 NARROW-BODY AIRCRAFT (NBA) 101
10.4.1 HIGH EFFICIENCY OF NARROW-BODY AIRCRAFT IN SHORT HAUL TRAVEL TO DRIVE THE SEGMENT 101
10.5 WIDE-BODY AIRCRAFT (WBA) 102
10.5.1 INCREASING FOCUS OF AIRLINES ON LONG-HAUL ROUTES WIL; DRIVE THE SEGMENT 102
10.6 VERY LARGE AIRCRAFT (VLA) 102
10.6.1 INITIATIVES BY AIRLINES TO DRIVE THE SEGMENT 102
10.7 REGIONAL TRANSPORT AIRCRAFT (RTA) 102
10.7.1 RISING DOMESTIC AIR PASSENGER TRAFFIC IN EMERGING ECONOMIES TO DRIVE THE SEGMENT 102
10.8 MILITARY AVIATION 103
10.8.1 FEASIBLE OPTION TO LOWER DEPENDENCY ON PETROLEUM BASED FUEL IS DRIVING THE SEGMENT 103
TABLE 27 MILITARY AVIATION SUSTAINABLE AVIATION FUEL MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 103
10.8.2 FIGHTER JETS 104
10.8.2.1 Growing procurement of fighter jets due to increasing military budgets to drive the segment 104
10.8.3 TRANSPORT AIRCRAFT 104
10.8.3.1 Increasing use of transport aircraft in military operations to drive the segment 104
10.8.4 MILITARY HELICOPTERS 104
10.8.4.1 Increasing use of helicopters in combat and search & rescue operations to drive the segment 104
10.9 BUSINESS & GENERAL AVIATION 105
TABLE 28 BUSINESS & GENERAL AVIATION SUSTAINABLE AVIATION FUEL MARKET SIZE, BY REGION, 2018–2030 (USD MILLION) 105
10.9.1 BUSINESS JETS 105
10.9.1.1 Rising number of private aviation companies across the globe to drive the segment 105
10.9.2 COMMERCIAL HELICOPTERS 106
10.9.2.1 Increasing demand for helicopters in corporate and civil applications to drive the segment 106
10.9.3 ULTRALIGHT & LIGHT AIRCRAFT 106
10.9.3.1 Several ongoing projects to develop hydrogen fuel cell aircraft will drive demand 106

10.10 UNMANNED AERIAL VEHICLES (UAVS) 106
TABLE 29 UNMANNED AERIAL VEHICLE SUSTAINABLE AVIATION FUEL MARKET SIZE,
BY REGION, 2018–2030 (USD MILLION) 107
10.10.1 COMMERCIAL UNMANNED AERIAL VEHICLE 107
10.10.1.1 Several ongoing projects to develop hydrogen fuel cell aircraft to drive demand 107
10.10.2 MILITARY UNMANNED AERIAL VEHICLE 107
10.10.2.1 Increasing use in defense applications is leading to rapid developments in sustainability initiatives 107
11 REGIONAL ANALYSIS 108
11.1 INTRODUCTION 109
FIGURE 31 EUROPE IS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE SUSTAINABLE AVIATION FUEL MARKET IN 2020 109
TABLE 30 SUSTAINABLE AVIATION FUEL MARKET SIZE, BY REGION,
2018–2030 (USD MILLION) 110
11.2 NORTH AMERICA 110
11.2.1 COVID-19 RESTRICTIONS IN NORTH AMERICA 111
11.2.2 PESTLE ANALYSIS: NORTH AMERICA 111
FIGURE 32 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 114
11.2.3 AVIATION FUEL: AVERAGE SELLING PRICE 114
FIGURE 33 NORTH AMERICA: AVERAGE SELLING PRICE OF AVIATION FUEL 114
TABLE 31 NORTH AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 115
TABLE 32 NORTH AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 115
TABLE 33 NORTH AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 115
TABLE 34 NORTH AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM, 2018–2030 (USD MILLION) 116
TABLE 35 NORTH AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY, 2018–2030 (USD MILLION) 116
11.2.4 US 116
11.2.4.1 Growing concerns over carbon emissions due to increasing air traffic to drive the market 116
TABLE 36 US SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 116
TABLE 37 US SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 116
11.2.5 CANADA 117
11.2.5.1 Focus on lowering carbon footprint has given a boost to innovations in alternative solutions in Canada 117
TABLE 38 CANADA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 117
TABLE 39 CANADA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 117

11.3 EUROPE 117
11.3.1 COVID-19 RESTRICTIONS IN EUROPE 118
11.3.2 PESTLE ANALYSIS: EUROPE 119
FIGURE 34 EUROPE: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 121
11.3.3 AVIATION FUEL: AVERAGE SELLING PRICE 122
FIGURE 35 EUROPE: AVERAGE SELLING PRICE OF AVIATION FUEL 122
TABLE 40 EUROPE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 122
TABLE 41 EUROPE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 122
TABLE 42 EUROPE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 123
TABLE 43 EUROPE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM,
2018–2030 (USD MILLION) 123
TABLE 44 EUROPE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY,
2018–2030 (USD MILLION) 123
11.3.4 UK 124
11.3.4.1 Presence of sustainable aviation fuel manufacturers is driving the market 124
TABLE 45 UK SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 124
TABLE 46 UK SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 124
11.3.5 GERMANY 124
11.3.5.1 Advancements in technological pathways within the country are driving the market 124
TABLE 47 GERMANY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 124
TABLE 48 GERMANY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 125
11.3.6 FRANCE 125
11.3.6.1 Initiatives for low carbon strategy from global leaders within the country are driving the market 125
TABLE 49 FRANCE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 125
TABLE 50 FRANCE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 125
11.3.7 ITALY 125
11.3.7.1 Stringent standards for reduction in carbon emissions are driving the market 125
TABLE 51 ITALY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 125
TABLE 52 ITALY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 126
11.3.8 RUSSIA 126
11.3.8.1 Agreements to launch large scale analysis of Russian feedstock to commercialize sustainable aviation fuel are driving the market 126
TABLE 53 RUSSIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 126
TABLE 54 RUSSIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 126
11.3.9 FINLAND 126
11.3.9.1 Long term initiatives with help of global leaders to advance technologies and produce e-fuels are driving the market 126
TABLE 55 FINLAND SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 126
TABLE 56 FINLAND SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 127
11.3.10 SWEDEN 127
11.3.10.1 Implementation of biofuels by the aviation industry to reduce dependency on fossil fuels will drive the market 127
TABLE 57 SWEDEN SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 127
TABLE 58 SWEDEN SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 127
11.3.11 NORWAY 127
11.3.11.1 Long term initiatives to increase the share of biofuels in the aviation sector is driving the market 127
TABLE 59 NORWAY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 127
TABLE 60 NORWAY SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 128
11.4 ASIA PACIFIC 128
11.4.1 ASIA PACIFIC COVID-19 RESTRICTIONS 128
11.4.2 PESTLE ANALYSIS: ASIA PACIFIC 129
FIGURE 36 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 131
TABLE 61 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 131
TABLE 62 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 132
TABLE 63 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 132
TABLE 64 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM, 2018–2030 (USD MILLION) 132
TABLE 65 ASIA PACIFIC SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY, 2018–2030 (USD MILLION) 133
11.4.3 CHINA 133
11.4.3.1 Chinese airline companies are collaborating with airframe manufacturers and biofuel producers to support sustainability initiatives 133
TABLE 66 CHINA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 133
TABLE 67 CHINA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 133

11.4.4 JAPAN 134
11.4.4.1 Investments in using blended bio-based and conventional jet fuel for selected flights are driving the market 134
TABLE 68 JAPAN SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 134
TABLE 69 JAPAN SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 134
11.4.5 INDIA 134
11.4.5.1 Rise in air passenger traffic will lead to increase in demand for sustainability solutions to combat climate change 134
TABLE 70 INDIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 134
TABLE 71 INDIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 135
11.4.6 AUSTRALIA 135
11.4.6.1 The initiatives for development and introduction of commercial supply chains of SAF will drive the market 135
TABLE 72 AUSTRALIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 135
TABLE 73 AUSTRALIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 135
11.5 MIDDLE EAST 135
11.5.1 MIDDLE EAST COVID-19 RESTRICTIONS 136
11.5.2 PESTLE ANALYSIS: MIDDLE EAST 136
TABLE 74 MIDDLE EAST SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 138
TABLE 75 MIDDLE EAST SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 138
TABLE 76 MIDDLE EAST SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 138
TABLE 77 MIDDLE EAST SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM, 2018–2030 (USD MILLION) 139
TABLE 78 MIDDLE EAST SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY, 2018–2030 (USD MILLION) 139
11.5.3 QATAR 139
11.5.3.1 Collaborations between airlines, aircraft & engine manufacturers, oil & industry, and research institutes to drive the market 139
TABLE 79 QATAR SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 139
TABLE 80 QATAR SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 140
11.5.4 SAUDI ARABIA 140
11.5.4.1 With rising concerns over climate change, oil & gas companies in Saudi Arabia are paving ways for alternative fuel as solutions 140
TABLE 81 SAUDI ARABIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 140
TABLE 82 SAUDI ARABIA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 140
11.5.5 UAE 140
11.5.5.1 New initiatives on sustainability have set up a sustainable aviation biofuel supply chain in UAE 140
TABLE 83 UAE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 140
TABLE 84 UAE SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 141
11.6 LATIN AMERICA 141
11.6.1 LATIN AMERICA COVID-19 RESTRICTIONS 141
11.6.2 PESTLE ANALYSIS: LATIN AMERICA 142
TABLE 85 LATIN AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 143
TABLE 86 LATIN AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 143
TABLE 87 LATIN AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 144
TABLE 88 LATIN AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM, 2018–2030 (USD MILLION) 144
TABLE 89 LATIN AMERICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY, 2018–2030 (USD MILLION) 144
11.6.3 BRAZIL 144
11.6.3.1 GHG reduction initiatives aim to make Brazil a prominent player in sustainable aviation fuel market 144
TABLE 90 BRAZIL SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 144
TABLE 91 BRAZIL SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 145
11.6.4 MEXICO 145
11.6.4.1 Aviation biofuel initiatives by Mexican government is driving the market 145
TABLE 92 MEXICO SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE,
2018–2030 (USD MILLION) 145
TABLE 93 MEXICO SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 145
11.7 AFRICA 145
11.7.1 AFRICA COVID-19 RESTRICTIONS 146
11.7.2 PESTLE ANALYSIS: AFRICA 146
TABLE 94 AFRICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL MANUFACTURING TECHNOLOGY, 2018–2030 (USD MILLION) 148
TABLE 95 AFRICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY PLATFORM,
2018–2030 (USD MILLION) 148
TABLE 96 AFRICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY COUNTRY,
2018–2030 (USD MILLION) 148
11.7.3 SOUTH AFRICA 149
11.7.3.1 Availability of suitable and good-quality lands for production of biofuels to drive the market 149
TABLE 97 SOUTH AFRICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY FUEL TYPE, 2018–2030 (USD MILLION) 149
TABLE 98 SOUTH AFRICA SUSTAINABLE AVIATION FUEL MARKET SIZE, BY BIOFUEL BLENDING CAPACITY, 2018–2030 (USD MILLION) 149
12 COMPETITIVE LANDSCAPE 150
12.1 INTRODUCTION 150
TABLE 99 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE SUSTAINABLE AVIATION FUEL MARKET BETWEEN 2015 AND 2020 150
12.2 COMPANY EVALUATION QUADRANT 152
12.2.1 STAR 152
12.2.2 EMERGING LEADERS 152
12.2.3 PERVASIVE 152
12.2.4 PARTICIPANT 152
FIGURE 37 SUSTAINABLE AVIATION FUEL MARKET COMPETITIVE LEADERSHIP MAPPING, 2019 153
12.3 RANKING ANALYSIS OF COMPANIES IN SUSTAINABLE AVIATION FUEL MARKET, 2019 153
FIGURE 38 MARKET RANKING OF TOP PLAYERS IN THE SUSTAINABLE AVIATION FUEL MARKET, 2019 154
12.3.1 WINNING IMPERATIVES: BY KEY PLAYERS 154
12.3.1.1 Neste 154
12.3.1.2 Gevo 154
12.3.1.3 Fulcrum BioEnergy 154
12.3.1.4 Velocys 155
12.3.1.5 Eni 155
12.4 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2019 155
FIGURE 39 MARKET SHARE ANALYSIS OF LEADING PLAYERS IN THE SUSTAINABLE AVIATION FUEL MARKET, 2019 155
12.5 COMPETITIVE SCENARIO 156
12.5.1 MERGERS & ACQUISITIONS IN THE SUSTAINABLE AVIATION FUEL MARKET 156
TABLE 100 MERGERS & ACQUISITIONS, 2014-2020 156
12.5.2 NEW PRODUCT LAUNCHES 156
TABLE 101 NEW PRODUCT LAUNCHES, 2014-2020 156
12.5.3 CONTRACTS, PARTNERSHIPS, & AGREEMENTS IN THE SUSTAINABLE AVIATION FUEL MARKET 157
TABLE 102 CONTRACTS, PARTNERSHIPS & AGREEMENTS, 2014-2020 157
12.5.4 EXPANSIONS, COLLABORATIONS, AND JOINT VENTURES IN THE SUSTAINABLE AVIATION FUEL MARKET 163
TABLE 103 EXPANSIONS, COLLABORATIONS, AND JOINT VENTURES, 2014-2020 163

13 COMPANY PROFILE 165
13.1 SUSTAINABLE AVIATION FUEL PRODUCERS 165
(Business Overview, Products/Services/Solutions Offered, Customers and Served Application Areas, MNM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, and Recent Developments)*
13.1.1 NESTE 165
FIGURE 40 NESTE: COMPANY SNAPSHOT 165
13.1.2 GEVO 169
FIGURE 41 GEVO: COMPANY SNAPSHOT 169
13.1.3 VELOCYS 173
FIGURE 42 VELOCYS: COMPANY SNAPSHOT 173
13.1.4 FULCRUM BIOENERGY 176
13.1.5 SKYNRG 178
13.1.6 AMYRIS 180
FIGURE 43 AMYRIS: COMPANY SNAPSHOT 180
13.1.7 WORLD ENERGY 182
13.1.8 AVFUEL CORPORATION 183
13.1.9 LANZATECH 185
13.1.10 PREEM AB 186
FIGURE 44 PREEM AB: COMPANY SNAPSHOT 186
13.1.11 ENI 188
FIGURE 45 ENI: COMPANY SNAPSHOT 188
13.1.12 AEMETIS, INC. 190
FIGURE 46 AEMETIS, INC.: COMPANY SNAPSHOT 190
13.1.13 SASOL 192
FIGURE 47 SASOL LIMITED: COMPANY SNAPSHOT 192
13.1.14 HYDROGENICS 193
13.1.15 BALLARD POWER SYSTEMS 194
FIGURE 48 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT 194
13.2 SUSTAINABLE AVIATION FUEL PRODUCERS: STARTUPS 196
13.2.1 RED ROCK BIOFUELS 196
13.2.2 SG PRESTON COMPANY 197
13.2.3 TERRAVIA HOLDINGS INC. 198
13.2.4 PETRIXO OIL & GAS 199
13.2.5 SUNDROP FUELS, INC. 200
13.2.6 VIRENT INC. 201
13.2.7 HYPOINT, INC. 202
13.2.8 ZEROAVIA, INC. 203

13.3 SUSTAINABLE AVIATION FUEL SERVICE PROVIDERS 204
13.3.1 SHELL 204
FIGURE 49 SHELL: COMPANY SNAPSHOT 204
13.3.2 BP P.L.C. 207
FIGURE 50 BP P.L.C.: COMPANY SNAPSHOT 207
13.3.3 HONEYWELL INTERNATIONAL INC. 210
FIGURE 51 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 210
13.3.4 CHEVRON CORPORATION 212
FIGURE 52 CHEVRON CORPORATION: COMPANY SNAPSHOT 212
13.3.5 TOTAL SA 214
FIGURE 53 TOTAL SA: COMPANY SNAPSHOT 214
13.3.6 EXXON MOBIL CORPORATION 216
FIGURE 54 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 216
13.3.7 JOHNSON MATTHEY 218
FIGURE 55 JOHNSON MATTHEY: COMPANY SNAPSHOT 218
*Details on Business Overview, Products/Services/Solutions Offered, Customers and Served Application Areas, MNM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, and Recent Developments might not be captured in case of unlisted companies.
14 SUSTAINABLE AVIATION FUEL ADJACENT MARKET 220
14.1 INTRODUCTION 221
TABLE 104 SUSTAINABLE AVIATION FUEL ADJACENT MARKET 221
14.2 LIMITATIONS 221
14.3 SUSTAINABLE MARINE FUEL 221
14.3.1 MARKET OVERVIEW 222
14.4 AIRCRAFT ENGINES MARKET 222
14.4.1 MARKET DEFINITION 222
14.4.2 MARKET OVERVIEW 222
FIGURE 56 NORTH AMERICA LEADS THE AIRCRAFT ENGINES MARKET DURING THE FORECAST PERIOD 223
14.4.3 AIRCRAFT ENGINES MARKET, BY TYPE 223
TABLE 105 AIRCRAFT ENGINES MARKET SIZE, BY ENGINE TYPE,
2015-2022 (USD BILLION) 223
14.4.3.1 Turboprop 224
TABLE 106 AIRCRAFT ENGINES MARKET FOR TURBOPROP, BY REGION,
2015-2022 (USD MILLION) 224
14.4.3.2 Turbofan 224
TABLE 107 AIRCRAFT ENGINES MARKET FOR TURBOFAN, BY REGION,
2015-2022 (USD BILLION) 224
14.4.3.3 Turboshaft 225
TABLE 108 AIRCRAFT ENGINES MARKET FOR TURBOSHAFT, BY REGION,
2015-2022 (USD MILLION) 225

14.4.3.4 Piston engine 225
TABLE 109 AIRCRAFT ENGINES MARKET FOR PISTON ENGINE, BY REGION,
2015-2022 (USD MILLION) 225
14.5 AIRCRAFT MICRO TURBINE ENGINES MARKET 226
14.5.1 MARKET DEFINITION 226
14.5.2 MARKET OVERVIEW 226
14.5.2.1 Aircraft Hybrid Electrification Roadmap (2016 to 2040) 226
FIGURE 57 AIRCRAFT HYBRID ELECTRIFICATION TECHNOLOGY ROADMAP 226
FIGURE 58 AIR TAXIS SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF THE AIRCRAFT MICRO TURBINE ENGINES MARKET IN 2021 227
14.5.3 AIRCRAFT MICRO TURBINE ENGINES, BY FUEL TYPE 227
FIGURE 59 JET-A SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING THE FORECAST PERIOD 227
TABLE 110 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY FUEL TYPE,
2021–2030 (USD MILLION) 228
14.5.3.1 Kerosene 228
14.5.3.1.1 Suitable characteristics of kerosene for power generation expected to drive the market 228
14.5.3.2 Diesel 228
14.5.3.2.1 Higher efficiency of diesel micro turbine engines expected to drive market growth 228
14.5.3.3 Jet-A 229
14.5.3.3.1 Suitable thermal properties expected to stimulate the adoption of jet-A fuel 229
14.5.3.4 Biofuel 229
14.5.3.4.1 Reduced emissions of carbon monoxide and total carbon dioxide expected to drive the demand for biofuel 229
14.5.3.5 Synthetic fuel 229
14.5.3.5.1 Potential to reduce energy dependency on fossil fuels expected to drive the demand for synthetic fuel 229
14.5.4 AIRCRAFT MICRO TURBINE ENGINES, BY APPLICATION 229
FIGURE 60 UNMANNED AIRCRAFT SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING FORECAST PERIOD 230
TABLE 111 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION,
2021–2030 (USD MILLION) 230
14.5.4.1 Civil aviation 230
14.5.4.1.1 Emphasis on replacement of light aircraft with electric aircraft to boost the civil aviation segment 230
TABLE 112 CIVIL AVIATION MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION) 231
14.5.4.2 Urban air mobility (UAM) 231
14.5.4.2.1 Technological developments in urban air mobility to increase adoption of electric or hybrid-electric propulsion systems 231
TABLE 113 URBAN AIR MOBILITY MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION) 231

14.5.4.3 Unmanned aircraft 232
14.5.4.3.1 Increasing replacement of manned aircraft with unmanned aircraft to drive market growth 232
TABLE 114 UNMANNED AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION) 232
14.5.4.4 Military aviation 232
14.5.4.4.1 Growing instances of disputes between neighboring countries to drive market growth 232
TABLE 115 MILITARY AVIATION MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION) 233
15 APPENDIX 234
15.1 DISCUSSION GUIDE 234
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 237
15.3 AVAILABLE CUSTOMIZATIONS 239
15.4 RELATED REPORTS 239
15.5 AUTHOR DETAILS 240

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