The aviation alternative fuel refers to non-conventional fuels which encompasses any substance or material that can be used as fuels, apart from traditional fossil-sources such as natural gas, oil, and coal. Application of alternative fuel is extensively encouraged throughout the world owing to their multiple benefits over conventional fuels. The alternative fuels are easy to preserve and aid in sustaining the environment. Alternative fuels are better than petroleum-based fuels, owing to the enhanced quality of air post combustion in the combustion chamber of the engine. Global aviation alternative fuel market is likely to experience a CAGR of above 10% over the forecast period.
The global aviation alternative fuel market is dominated by key players such as Honeywell UOP (U.S.), Solazyme (U.S.), Renewable Energy Group Inc. (U.S.), Imperium Renewables Inc. (U.S.), Swedish Biofuels AB (Sweden), Aquaflow Bionomic Corporation (New Zealand), Fulcrum BioEnergy Inc.(U.S.), Altair Fuel (U.S.), Total S.A (France), and SkyNRG (Netherlands).
Get a FREE Report Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/3188
Advanced biofuels are strong contenders for substituting petroleum-based aviation fuels in near future, as these fuels are comparatively safer and comes with improved performance. Growing concerns related to global warming, climate change, and environmental protection is having a positive impact on the aviation alternative fuels market. Additionally, several organizations, governments, and businesses are investing in commercialization of aviation alternative fuels and research and development activities, which is further driving the alternative fuel market. Moreover, technological advancements have largely minimized the production cost of these fuels, giving rise to cost-effective alternatives for petroleum-based fuels.
Furthermore, increasing growth in the aviation sector is estimated to surge the demand for aviation alternative fuels over the forecast period. Rising trade, reconnaissance aircrafts in military services collectively with intensifying demand for pilot training are also likely to drive the Aviation Alternative Fuels Market. However, different concerns and challenges prevail in the market which are anticipated to restrict the market growth. Preserving biodiesel for extended period is difficult. When preserved for prolonged period at lower temperature, these fuels are likely to oxidize resulting in solidification. The alternative fuels have the potential to curtail the carbon emissions. However, biofuels can directly compete with food production and agriculture for resources. Therefore, they are considered to have an added strain on agriculture. Besides, the high-quality benchmarks for fuels and their safe shipment during flights are also expected to affect the demand for these fuels to a large extent.
Market Segmentation
As per the fuel type segmentation, the aviation alternative fuels market can be segmented into LNG, biofuels, CNG, and others. The biofuels segment can be sub segmented into Fischer-Tropsch (FT), Hydrogenated Pyrolysis Oil (HPO), and Hydrogenated Easters & Fatty Acids (HEFA) based on biomass, and renewable synthesized Iso-paraffin fuels (SIP). Out of these, the biofuels segment is expected to grow remarkably, as it is in a swiftly developing stage. Biofuels are mostly made from vegetable oils such as jatropha, sugar crops, camellia, algae, and cereals.
Regional Analysis
Geographically, the market for aviation alternative fuels can be segmented into Europe, Asia Pacific, Latin America, North America, and Middle East & Africa. Currently, Europe and North America represent the primary share of the aviation alternative fuel market. Prevalence of stringent government norms, awareness related to environmental preservation, all round technological developments, and huge outlays are some of the factors driving the development of aviation alternative fuels in these areas. Asia Pacific is also likely to be a key market for aviation alternative fuels; India and China, are estimated to observe considerable rise in number of passengers commuting by air transport every year, over the forecast period. The Latin America, especially in Brazil, is also projected to grow substantially in the near future.
Industry/ Innovation/ Related News:
April 2018: Global Bioenergies and SkyNRG announced their collaboration on ASTM-certification of a bio-isobutene feedstock and alteration process for the production of sustainable aviation fuel.
April 2018: The city of St. Louis & St. Louis Lambert International Airport (STL) promoted Fleet of Alternative Fuel Automobiles.
December, 2017: GE Aviation Tested 100% Gevo renewable alcohol-to-jet fuel (ATJ) Fuel.
Browse Complete Report “Aviation Alternative Fuel Market Research Report – Global Forecast to 2023” @ https://www.marketresearchfuture.com/reports/aviation-alternative-fuel-market-3188
List of Tables
Table 1 Global Aviation Alternative Fuel Market: by Region, 2018-2024
Table 2 North America Aviation Alternative Fuel Market: by Country, 2018-2024
Table 3 Europe Aviation Alternative Fuel Market: by Country, 2018-2024
Table 4 Asia Pacific Aviation Alternative Fuel Market: by Country, 2018-2024
Table 5 Middle East & Africa Aviation Alternative Fuel Market: by Country, 2018-2024
Table 6 South America Aviation Alternative Fuel Market: by Country, 2018-2024
Table 7 Global Aviation Alternative Fuel Market, by Fuel Type, by Regions, 2018-2024
Table 8 North America Aviation Alternative Fuel Market, by Fuel Type, by Country, 2018-2024
Table 9 Europe Aviation Alternative Fuel Market, by Fuel Type, by Country, 2018-2024
Table 10 Asia Pacific Aviation Alternative Fuel Market by Fuel Type, by Country, 2018-2024
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Aviation Alternative Fuel Market Share, by Fuel Type, 2018 (%)
Figure 9 Global Aviation Alternative Fuel Market, by Fuel Type, 2018-2024 (Usd Million)
Figure 10 Global Aviation Alternative Fuel Market Share, by Process, 2018 (%)
Continued……..
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/aviation-alternative-fuel-market-3188