The aviation industry is keen on bringing down the carbon footprints to achieve a sustainable environment and meet the stringent regulatory standards on emissions. The alternative solutions, such as improving aero-engine efficiency by design modifications, hybrid-electric and all-electric aircraft, renewable jet fuels, etc., are being adopted by various stakeholders of the aviation industry. However, out of these solutions, adoption of sustainable aviation fuels such as e-fuels, synthetic fuels, green jet fuels, biojet fuels, hydrogen fuels is one of the most feasible alternative solutions with respect to socio and economic benefits when compared to others, which contributes significantly to mitigating current and expected future environmental impacts of aviation. In addition, airlines across the entire aviation industry are expanding their commercial fleets, due to rise in air travel These large and growing fleets are propelling the demand for the sustainable aviation fuel as a near to mid-term solution for reducing GHG emissions.
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“Based on fuel type, biofuel is expected to account the largest share in the sustainable aviation fuel market in 2020”
By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.
“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”
By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into 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), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.
“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”
Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for a larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.
“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”
Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.
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