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Renewable Aviation Fuel Market Size, Share Global Analysis Report, 2021 – 2026
Renewable Aviation Fuel Market By Technology (Synthetic Paraffinic Kerosene (HEFA- SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-Paraffin From Fermented Hydroprocessed Sugar (HFS-SIP), Alcohol To Jet SPK (ATJ-SPK), & Catalytic Hydrothermolysis Jet (CHJ)), By Type (Biofuel, Hydrogen Fuel, & Power To Liquid Fuel), By Blending Capacity (Below 30%, 30% to 50%, & Above 50%), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[226+ Pages Report] The latest findings and offers on the renewable aviation fuel market released by Facts & Factors cover the entire market analytics. In the current study, the global renewable aviation fuel market was valued to be around USD 67 Million in the year 2020 and will grow at an estimated CAGR rate of 67.2% to an overall value of USD 13,789.4 Million in the year 2026.
Market Overview
Aviation biofuel or bio-jet fuel or bio aviation fuel (BAF) is a biofuel that has the ability to power aircraft and is often quoted as a sustainable aviation fuel format (SAF). These kinds of fuels are often considered to be a form of reducing carbon footprint across the globe and the latter are amongst the most used aerospace fuel as they are used within the range of environmental impacts for aviation. SAFs are often used for decarbonizing medium and long-haul air travel that generate the most emissions and further help in increasing the shelf life of the aircraft.
Industry Growth Factors
The global renewable aviation fuel market is expected to grow at an accelerated pace during the advent of the forecast owing to rising demand to decrease carbon footprints in order to achieve a sustainable environment coupled with increasingly stringent government regulations across the globe to name a few. Additionally, the rising number of by-products in the sector of sustainable aviation fuel such as e-fuels, synthetic fuels, green jet fuels, bio-jet fuels, and hydrogen fuels is expected to increase the consumer base for the global renewable aviation fuel market during the forecast period. Moreover, the rising awareness among users availing socio and economic benefits coupled with increasing air travel is expected to increase the footprint of the global renewable aviation fuel market during the forecast period.
The rising number of fleets of the major key players in the aerospace sector coupled with the ability to increase the life of aircraft upon intended usage will open new revenue opportunities for the global renewable aviation fuel market during the forecast period. Increasing investment coupled with rising demand for renewable energy sources is expected to boost the global renewable aviation fuel market during the forecast period. However, inadequate availability of feedstock measures coupled with a lesser number of refineries is expected to hamper the growth of the global renewable aviation fuel market during the forecast period.
Segmentation Analysis
The global renewable aviation fuel market is segmented into technology, type, blending capacity, and regions.
On the basis of technology, the global renewable aviation fuel market is divided into 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 hydro processed sugar (HFS-SIP), alcohol to jet SPK (ATJ-SPK) and catalytic hydrothermolysis jet (CHJ). The segment pertaining to FT-SPK is expected to witness the largest market share during the advent of the forecast owing to the rising number of varieties of fuel with different feedstock compositions coupled with the rising demand from the defense sector to name a few. On the basis of type, the global renewable aviation fuel market is categorized into biofuel, hydrogen fuel, and power to liquid fuel. The biofuel segment is expected to witness the largest market share during the advent of the forecast owing to rapid developments in technological pathways coupled with increasing usage from emerging economies such as Norway, the Netherlands, and the U.K to name a few. On the basis of blending capacity, the global renewable aviation fuel market can be fragmented into below 30%, 30% to 50%, and above 50%. The segment pertaining to 30% to 50% is expected to witness the largest market share during the advent of the forecast owing to the moderate blending capacity, drop-in facility to existing fuel systems, and assured supply logistics infrastructure to name a few.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 67 Million |
Projected Market Size in 2026 |
USD 13,789.4 Million |
CAGR Growth Rate |
67.2% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Neste, Gevo, World Energy, Eni, SkyNRG, Fulcrum BioEnergy, Velocys, Aemetic, Inc., Red Biofuels, SG Preston Company, Sundrop Fuels, Inc., Hypoint, Inc., ZeroAvia, Inc., Total S.A., and Swedish Biofuels AB, among others. |
Key Segments |
Technology, Type, Blending Capacity, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast owing to rising demand from various agencies to reduce carbon footprint coupled with increasing air traffic and air passengers to name a few. Additionally, initiatives undertaken by the U.S. and Canada aimed at creating increased use case scenarios for renewable aviation fuel coupled with an increasing number of government policies are expected to increase the footprint of the renewable aviation fuel market during the forecast period. Moreover, increasing air travel activities in emerging economies coupled with the rising number of key market participants will open a new renewable aviation fuel market during the forecast period.
Competitive Players
The key market participants for the global renewable aviation fuel market are:
- Neste
- Gevo
- World Energy
- Eni
- SkyNRG
- Fulcrum BioEnergy
- Velocys
- Aemetic Inc.
- Red Biofuels
- SG Preston Company
- Sundrop Fuels Inc.
- Hypoint Inc.
- ZeroAvia Inc.
- Total S.A.
- Swedish Biofuels AB
By Technology Segment Analysis
- Synthetic Paraffinic Kerosene (HEFA- SPK)
- Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
- Synthetic Iso-Paraffin From Fermented Hydroprocessed Sugar (HFS-SIP)
- Alcohol To Jet SPK (ATJ-SPK)
- Catalytic Hydrothermolysis Jet (CHJ)
By TypeSegment Analysis
- Biofuel
- Hydrogen Fuel
- Power To Liquid Fuel
By Blending CapacitySegment Analysis
- Below 30%
- 30% to 50%
- Above 50%
Table of Content
Industry Major Market Players
- Neste
- Gevo
- World Energy
- Eni
- SkyNRG
- Fulcrum BioEnergy
- Velocys
- Aemetic Inc.
- Red Biofuels
- SG Preston Company
- Sundrop Fuels Inc.
- Hypoint Inc.
- ZeroAvia Inc.
- Total S.A.
- Swedish Biofuels AB
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