PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1364045
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1364045
E-Kerosene Market Assessment, By Application [Commercial Aircraft, Cargo Aircraft, Military Aircraft, Helicopter, Business Jet, Floatplane, Amphibious Aircraft, Others], By Region, Opportunities and Forecast, 2016-2030F
Global E-Kerosene Market is expected to be driven by the European market with Europe producing about 1.83 million tonnes of e-kerosene by 2030. According to the International Council on Clean Transportation estimates the average e-kerosene production cost in the United States is USD 8.80 per gallon in 2020 which is expected to decrease to USD 4 per gallon by 2050. The overall global e-kerosene market is expected to grow at a CAGR of 37.3% by 2030. The rising carbon emission concerns from the aviation sector and the surging adoption of e-kerosene in commercial aircraft are the primary factors to augment the traction in the global e-kerosene market growth.
The aerospace industry is among the leading sources of carbon footprint as aircraft consume a higher quantity of fuel. For instance, according to the International Energy Agency (IEA), the aviation sector generated 2% of global carbon emissions, reaching 800 million tons in 2022. Thus, the higher carbon footprint generation due to the aerospace industry is prompting the development of new alternatives for fossil fuel-based kerosene. As a result, the demand for e-kerosene composed of carbon dioxide and hydrogen is increasing in the aviation industry to blend with conventional jet fuel so that flight emissions are minimized, driving market growth.
Increasing Traction from Commercial Aircrafts is Benefiting Market Growth
E-kerosene is a carbon-neutral fuel since the manufacturing uses renewable energy sources, including wind and hydro. Furthermore, e-kerosene is manufactured from carbon dioxide and hydrogen, which minimizes greenhouse gas emissions. As a result, e-kerosene is deployed in commercial aircraft to ensure 2% additional specific energy than fossil kerosene.
For instance, in 2021, Lufthansa, a Germany-based airline company, announced its plan to procure 25,000 liters of E-kerosene yearly in the coming five years. Hence, the significant adoption of E-kerosene in commercial aircraft to ensure reduced maintenance costs is spurring the global e-kerosene market size growth.
Recently Developed Infrastructure to Increase the Supply of E-kerosene
E-kerosene industry is an emerging market, due to which the manufacturers of aviation fuel are investing in infrastructure development to manufacture renewable energy-powered e-kerosene plants. The prime focus of the companies involved in the manufacturing of aviation fuel is to target the production of e-kerosene so that the availability of e-fuel for the aviation sector is increased in the global market.
For instance, in October 2021, Atmosfair opened a new power-to-liquid plant in Germany. The plant manufactures carbon-neutral renewable electricity-based e-kerosene. Henceforth, the recently developed e-kerosene manufacturing facilities are fostering the supply of the product in the global market, which in turn, is proliferating the market growth.
Rising Adoption of E-kerosene in Europe is Supplementing the Market Growth
Europe has the presence of major aviation companies involved in the manufacturing and operation of aircraft. As a result, the aerospace industry is among the prominent sources of carbon emissions in Europe. For instance, according to Greenpeace International, 2022, the aviation industry in Europe generated 3,385,538 tonnes of carbon emission, which was more than double as compared to 2021.
E-kerosene is an eco-friendly alternative to fossil fuel as the Fischer-Tropsch process is deployed to ensure superior sustainability in the manufacturing process. Thus, the adoption of e-kerosene is increasing in the European region to reduce the negative impact of carbon emissions in the aerospace sector, which is amplifying market growth.
Future Market Scenario
The gradual reduction in the prices of renewable energy sources and hydrogen will diminish the overall cost of e-kerosene. For instance, according to the International Council on Clean Transportation (ICCT), the price of e-kerosene is 7 times higher in the United States and 10 times more in Europe as compared to kerosene. However, innovation in technologies will lower the prices of e-kerosene in the upcoming years. The average production of e-kerosene in the United States was USD 8.8 per gallon in 2020 and will reach USD 4 per gallon by 2050. Therefore, the reduced prices of e-kerosene will boost the adoption of the product, thereby creating a lucrative opportunity for market growth.
The e-kerosene manufacturing facilities development is increasing to meet the growing demand from the aviation sector. For instance, in June 2022, companies such as Uniper, Airbus, Sasol, and Siemens Energy announced the production of 10,000 tonnes of e-kerosene each year in a new manufacturing facility located in Germany. Thus, the development of new manufacturing facilities for e-kerosene, which utilize the Fischer-Tropsch process will create a significant potential for market growth in the coming years.
Government agencies at the international level are implementing measures for jet fuels to accomplish the carbon emission targets. For instance, in September 2023, the European Union approved a law stating that 70% of jet fuels at airports should be green, composed of synthetic fuels, such as e-kerosene by 2050. Hence, the increasing legislative measures to promote green fuel deployment in the aerospace industry is creating a prosperous outlook for the e-kerosene market.
In April 2022, companies, including CEMEX, ENERTRAG, and ecoFT formed a strategic collaboration to produce e-kerosene from green hydrogen and carbon dioxide extracted from cement in Germany. CEMEX will supply cement, ENERTRAG will provide green hydrogen, and ecoFT will deploy technology to convert carbon dioxide and green hydrogen into E-kerosene. Henceforth, international partnerships will create a favorable growth opportunity for the market in the upcoming years.
Key Players Landscape and Outlook
The dominant market players in the global e-kerosene market are HY2GEN, Atmosfair, and CAC ENGINEERING GMBH. These players are involved in the manufacturing and supply of e-kerosene and are investing in strategies such as new technology innovation, acquisitions, and facility development to increase their market revenue and volume share in the global e-kerosene industry.
Furthermore, biofuel manufacturers are investing in the development of new e-kerosene manufacturing facilities. Thus, the entry of new players in the e-kerosene market will increase in the upcoming years. As a result, the market competition in the e-kerosene industry will increase, thereby creating a favorable market growth outlook during the projected forecast period.
Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on Global E-kerosene Market
4. Impact of Russia-Ukraine War
5. Executive Summary
6. Voice of Customer
- 6.1. Market Awareness and Product Information
- 6.2. Brand Awareness and Loyalty
- 6.3. Factors Considered in Purchase Decision
- 6.3.1. Brand Name
- 6.3.2. Quality
- 6.3.3. Quantity
- 6.3.4. Price
- 6.3.5. Product Specification
- 6.3.6. Application Specification
- 6.3.7. VOC/Toxicity Content
- 6.3.8. Availability of Product
- 6.4. Frequency of Purchase
- 6.5. Medium of Purchase
7. Global E-kerosene Market Outlook, 2016-2030F
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. By Application
- 7.2.1. Commercial Aircraft
- 7.2.1.1. Wide Body Aircraft
- 7.2.1.2. Single Aisle Aircraft
- 7.2.2. Cargo Aircraft
- 7.2.3. Military Aircraft
- 7.2.4. Helicopter
- 7.2.5. Business Jet
- 7.2.6. Floatplane
- 7.2.7. Amphibious Aircraft
- 7.2.8. Others
- 7.2.1. Commercial Aircraft
- 7.3. By Region
- 7.3.1. North America
- 7.3.2. Europe
- 7.3.3. South America
- 7.3.4. Asia-Pacific
- 7.3.5. Middle East and Africa
- 7.4. By Company Market Share (%), 2022
8. Global E-kerosene Market Outlook, By Region, 2016-2030F
- 8.1. North America*
- 8.1.1. Market Size & Forecast
- 8.1.1.1. By Value
- 8.1.1.2. By Volume
- 8.1.2. By Application
- 8.1.2.1. Commercial Aircraft
- 8.1.2.1.1. Wide Body Aircraft
- 8.1.2.1.2. Single Aisle Aircraft
- 8.1.2.2. Cargo Aircraft
- 8.1.2.3. Military Aircraft
- 8.1.2.4. Helicopter
- 8.1.2.5. Business Jet
- 8.1.2.6. Floatplane
- 8.1.2.7. Amphibious Aircraft
- 8.1.2.8. Others
- 8.1.3. United States*
- 8.1.3.1. Market Size & Forecast
- 8.1.3.1.1. By Value
- 8.1.3.1.2. By Volume
- 8.1.3.2. By Application
- 8.1.3.2.1. Commercial Aircraft
- 8.1.3.2.1.1. Wide Body Aircraft
- 8.1.3.2.1.2. Single Aisle Aircraft
- 8.1.3.2.2. Cargo Aircraft
- 8.1.3.2.3. Military Aircraft
- 8.1.3.2.4. Helicopter
- 8.1.3.2.5. Business Jet
- 8.1.3.2.6. Floatplane
- 8.1.3.2.7. Amphibious Aircraft
- 8.1.3.2.8. Others
- 8.1.4. Canada
- 8.1.5. Mexico
- 8.1.1. Market Size & Forecast
All segments will be provided for all regions and countries covered:
- 8.2. Europe
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. Italy
- 8.2.4. United Kingdom
- 8.2.5. Russia
- 8.2.6. Netherlands
- 8.2.7. Spain
- 8.2.8. Turkey
- 8.2.9. Poland
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.4. Asia-Pacific
- 8.4.1. India
- 8.4.2. China
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. Vietnam
- 8.4.6. South Korea
- 8.4.7. Indonesia
- 8.4.8. Philippines
- 8.5. Middle East & Africa
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. South Africa
9. Supply Side Analysis
- 9.1. Capacity, By Company
- 9.2. Production, By Company
- 9.3. Operating Efficiency, By Company
- 9.4. Key Plant Locations (Up to 25)
10. Market Mapping, 2022
- 10.1. By Application
- 10.2. By Region
11. Macro Environment and Industry Structure
- 11.1. Supply Demand Analysis
- 11.2. Import Export Analysis - Volume and Value
- 11.3. Supply/Value Chain Analysis
- 11.4. PESTEL Analysis
- 11.4.1. Political Factors
- 11.4.2. Economic System
- 11.4.3. Social Implications
- 11.4.4. Technological Advancements
- 11.4.5. Environmental Impacts
- 11.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
- 11.5. Porter's Five Forces Analysis
- 11.5.1. Supplier Power
- 11.5.2. Buyer Power
- 11.5.3. Substitution Threat
- 11.5.4. Threat from New Entrant
- 11.5.5. Competitive Rivalry
12. Market Dynamics
- 12.1. Growth Drivers
- 12.2. Growth Inhibitors (Challenges, Restraints)
13. Key Players Landscape
- 13.1. Competition Matrix of Top Five Market Leaders
- 13.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
- 13.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
- 13.4. SWOT Analysis (For Five Market Players)
- 13.5. Patent Analysis (If Applicable)
14. Pricing Analysis
15. Case Studies
16. Key Players Outlook
- 16.1. HY2GEN
- 16.1.1. Company Details
- 16.1.2. Key Management Personnel
- 16.1.3. Products & Services
- 16.1.4. Financials (As reported)
- 16.1.5. Key Market Focus & Geographical Presence
- 16.1.6. Recent Developments
- 16.2. Atmosfair
- 16.3. CAC ENGINEERING GMBH
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
17. Strategic Recommendations
18. About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 2. Global E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 3. Global E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 4. Global E-Kerosene Market Share, By Region, in USD Million, 2016-2030F
- Figure 5. North America E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 6. North America E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 7. North America E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 8. North America E-Kerosene Market Share, By Country, in USD Million, 2016-2030F
- Figure 9. United States E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 10. United States E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 11. United States E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 12. Canada E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 13. Canada E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 14. Canada E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 15. Mexico E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 16. Mexico E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 17. Mexico E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 18. Europe E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 19. Europe E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 20. Europe E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 21. Europe E-Kerosene Market Share, By Country, in USD Million, 2016-2030F
- Figure 22. Germany E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 23. Germany E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 24. Germany E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 25. France E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 26. France E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 27. France E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 28. Italy E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 29. Italy E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 30. Italy E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 31. United Kingdom E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 32. United Kingdom E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 33. United Kingdom E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 34. Russia E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 35. Russia E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 36. Russia E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 37. Netherlands E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 38. Netherlands E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 39. Netherlands E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 40. Spain E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 41. Spain E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 42. Spain E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 43. Turkey E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 44. Turkey E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 45. Turkey E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 46. Poland E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 47. Poland E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 48. Poland E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 49. South America E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 50. South America E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 51. South America E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 52. South America E-Kerosene Market Share, By Country, in USD Million, 2016-2030F
- Figure 53. Brazil E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 54. Brazil E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 55. Brazil E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 56. Argentina E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 57. Argentina E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 58. Argentina E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 59. Asia-Pacific E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 60. Asia-Pacific E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 61. Asia-Pacific E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 62. Asia-Pacific E-Kerosene Market Share, By Country, in USD Million, 2016-2030F
- Figure 63. India E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 64. India E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 65. India E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 66. China E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 67. China E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 68. China E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 69. Japan E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 70. Japan E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 71. Japan E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 72. Australia E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 73. Australia E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 74. Australia E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 75. Vietnam E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 76. Vietnam E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 77. Vietnam E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 78. South Korea E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 79. South Korea E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 80. South Korea E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 81. Indonesia E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 82. Indonesia E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 83. Indonesia E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 84. Philippines E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 85. Philippines E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 86. Philippines E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 87. Middle East & Africa E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 88. Middle East & Africa E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 89. Middle East & Africa E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 90. Middle East & Africa E-Kerosene Market Share, By Country, in USD Million, 2016-2030F
- Figure 91. Saudi Arabia E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 92. Saudi Arabia E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 93. Saudi Arabia E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 94. UAE E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 95. UAE E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 96. UAE E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 97. South Africa E-Kerosene Market, By Value, in USD Million, 2016-2030F
- Figure 98. South Africa E-Kerosene Market, By Volume, in Tons, 2016-2030F
- Figure 99. South Africa E-Kerosene Market Share, By Application, in USD Million, 2016-2030F
- Figure 100. By Application Map-Market Size (USD Million) & Growth Rate (%), 2022
- Figure 101. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022
