Global Aircraft Alternative Fuels Market

Description

List of Tables

Even though aviation CO2 emissions only account for 2.0 to 2.5 percent of total global CO2 emissions annually, research to reduce CO2 emissions is urgent for three reasons, i.e. such reductions might be legally required even as commercial air travel increases; new technology takes a while to spread throughout the aviation fleet; and the ongoing effects of global CO2 emissions. Using jet fuel alternatives is a need within the market to promote sustainable practices within the commercial as well as military aviation domain.

With the growth in the commercial aviation market, it is noted that the RPK and the CTK are poised to increase. Thus the incorporation of sustainable practices within this market is noted to be a key area of investment.

Major factors driving the growth of the market:

Aircraft jet fuel accounts for a major chunk of the capital cost incurred during flight operations. Additionally, it is noted that the change in the geopolitical scenario is noted to be one of the main factors that affect the same. The Russia-Ukraine war is noted to be one of the main factors which affect the market as well as the prices of jet fuel. The jet fuel prices are noted to hike owing to the present geo-political scenario of the global market. As of 2022, it was noted that jet fuel costs attained a value of USD 78 per barrel. This in turn caused the airline industry to lose USD 11.6 billion in costs. As of March 2022, the price of jet fuel was noted to be over USD 140 per barrel.

Trends influencing the growth of the market:

According to the recent statistics published by IATA, was noted than above 370,000 flights have taken to technology and the introduction of concepts like green aviation is poised to drive the adoption of Aviation Alternative Fuels. Jet fuel alternatives are noted to have been derived from renewable biomass and waste materials and it has the potential to match the performance of petroleum-based jet fuel while emitting a fraction of the carbon dioxide (GHG) emissions. This would give airlines a strong starting point for decoupling GHG emissions during flights. The GHG emissions depend on the feedstock as well as the technologies used to produce the Aviation Alternative Fuels. Certain emerging Aviation Alternative Fuels pathways were noted to have produced a net-negative GHG footprint.

Since many alternative fuels for airplanes have fewer aromatic components, they burn more efficiently in airplane engines. As a result, there are fewer toxic chemical emissions in the immediate area of airports during takeoff and landing. Additionally, aromatic substances are precursors to contrails, which can amplify the effects of climate change.

Increased consumer awareness and the growing incorporation of such practices will hereby reduce carbon emissions to a permissible value. The use of Sustainable Aviation Fuel is expected to reduce the skies by making use of SAF (Sustainable Aviation Fuel) since 2016. As of 2021, IATA stated that roughly 100 Million liters of Sustainable Aviation Fuel would have been produced. The increased movement towards green emissions by a value of 80% during an aircraft's full life cycle. As per IATA, Around 14 billion liters of SAF are in forwarding purchase agreements and over 45 airlines are operational with the SAF as their primary source of fuel.

Market Dynamics:

The United States is noted to be one of the pioneers in the Aircraft Alternative Fuels Market. As per statistics released by the US EPA (Environment Protection Agency), it is noted that aviation GHGs account for a value of 9-12% in the US transportation segment. The recent trends within this market dictate that to establish a comprehensive plan for scaling up new technologies to manufacture SAF on a commercial scale, the U.S. Department of Energy is collaborating with the U.S. Department of Transportation, the U.S. Department of Agriculture, and other federal government departments.

Developments:

The use of alternative fuels for the airplane is poised to improve employment opportunities across a given market. For instance, the use of biomass and crops to generate Sustainable Aviation Fuel will hereby increase direct and indirect employment across the farming value chain. Job creation across industry segments like biorefineries, construction, et al are hereby anticipated to grow owing to the creation of this new market opportunity.

Sustainability studies also suggest that biomass crops can reduce erosion and enhance the quantity and quality of water. Additionally, they can boost biodiversity and store carbon in the soil, which has positive effects on both the environment and farms across the nation. SAF made from wet wastes like sewage sludge and manure lessens the pollution load on watersheds and prevents the atmosphere from being filled with dangerous methane gas, a major cause of climate change.

Product Code: AND086

Market Definition

Market Segmentation

By Region

By Aircraft Type

By Aircraft Size

10 Year Market Outlook

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Market Forecast

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Market Trends & Forecast

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Fuel Type, 2023-2033
Table 19: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Fuel Type, 2023-2033

List of Figures

Figure 1: Global Aircraft Alternative Fuels Market Forecast, 2023-2033
Figure 2: Global Aircraft Alternative Fuels Market Forecast, By Region, 2023-2033
Figure 3: Global Aircraft Alternative Fuels Market Forecast, By Fuel Type, 2023-2033
Figure 4: North America, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 5: Europe, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 6: Middle East, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 7: APAC, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 8: South America, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 9: United States, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 10: United States, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 11: Canada, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 12: Canada, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 13: Italy, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 14: Italy, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 15: France, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 16: France, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 17: Germany, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 18: Germany, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 19: Netherlands, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 20: Netherlands, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 21: Belgium, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 22: Belgium, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 23: Spain, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 24: Spain, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 25: Sweden, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 26: Sweden, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 27: Brazil, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 28: Brazil, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 29: Australia, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 30: Australia, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 31: India, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 32: India, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 33: China, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 34: China, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 35: Saudi Arabia, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 36: Saudi Arabia, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 37: South Korea, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 38: South Korea, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 39: Japan, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 40: Japan, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 41: Malaysia, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 42: Malaysia, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 43: Singapore, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 44: Singapore, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 45: United Kingdom, Aircraft Alternative Fuels Market, Technology Maturation, 2023-2033
Figure 46: United Kingdom, Aircraft Alternative Fuels Market, Market Forecast, 2023-2033
Figure 47: Opportunity Analysis, Aircraft Alternative Fuels Market, By Region (Cumulative Market), 2023-2033
Figure 48: Opportunity Analysis, Aircraft Alternative Fuels Market, By Region (CAGR), 2023-2033
Figure 49: Opportunity Analysis, Aircraft Alternative Fuels Market, By Fuel Type (Cumulative Market), 2023-2033
Figure 50: Opportunity Analysis, Aircraft Alternative Fuels Market, By Fuel Type (CAGR), 2023-2033
Figure 51: Scenario Analysis, Aircraft Alternative Fuels Market, Cumulative Market, 2023-2033
Figure 52: Scenario Analysis, Aircraft Alternative Fuels Market, Global Market, 2023-2033
Figure 53: Scenario 1, Aircraft Alternative Fuels Market, Total Market, 2023-2033
Figure 54: Scenario 1, Aircraft Alternative Fuels Market, By Region, 2023-2033
Figure 55: Scenario 1, Aircraft Alternative Fuels Market, By Fuel Type, 2023-2033
Figure 56: Scenario 2, Aircraft Alternative Fuels Market, Total Market, 2023-2033
Figure 57: Scenario 2, Aircraft Alternative Fuels Market, By Region, 2023-2033
Figure 58: Scenario 2, Aircraft Alternative Fuels Market, By Fuel Type, 2023-2033
Figure 59: Company Benchmark, Aircraft Alternative Fuels Market, 2023-2033

Global Aircraft Alternative Fuels Market

Description

Table of Contents

List of Tables

Major factors driving the growth of the market:

Trends influencing the growth of the market:

Market Dynamics:

Developments:

Table of Contents

List of Tables

List of Figures