Europe Renewable Aviation Fuel market Report Description: Europe renewable aviation fuel market report gives comprehensive outlook on renewable aviation fuel market across the different countries of Europe such as Germany, UK, France, Russia, Italy and Rest of Europe. The report on Europe Renewable Aviation Fuel market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies Europe Renewable Aviation Fuel market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Europe Renewable Aviation Fuel market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Europe Renewable Aviation Fuel market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Europe Renewable Aviation Fuel market report include suppliers, manufacturers, marketers, policy makers, and recent market activities. Europe Renewable Aviation Fuel market: New innovations and developments are undertaken by the major players in the market which strengthens its position. For instance, research is being done on alcohol-to-jet pathway, where alcohols such as ethanol or butanol are de-oxygenated and processed into jet fuels. Furthermore, various key players are focused towards increasing production bio jet fuels which propels the growth of renewable aviation market. However, a major challenge for the bio jet fuel market, is the lack of a viable source for the production of biofuels on a commercial scale which has resulted in the current high bio jet fuel prices, which is leading to the airline companies not buying bio jet fuel on a large scale. Despite the need and airline support for bio jet, producers struggle to make renewable fuel cost-competitive with fossil fuels. Currently, bio jet fuel is supplied through segregated logistics which leads to higher costs which may reduce its demand.. Expansion and Partnerships Play Vital Role in the Growth of Renewable Aviation Fuel Market Players operating in the Europe renewable aviation fuel market are adopting various growth strategies such as plantâ€™s capacity expansion to cater to increasing demand for Bio Jet Fuel. For instance, In July 2018, Red Rock Biofuels started construction of a new bio refinery facility in Lakeview, Oregon for the project aiming to convert 136,000 tons of waste woody biomass into 15.1 million gallons/year of renewable fuels. Furthermore, various key players are focused towards increasing production bio jet fuels. For instance, In September 2018, Fulcrum Bioenergy, Inc. announced plans to enter into partnership with Marubeni Corporation, Japan Airlines Co. Ltd. (JAL), and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN). The strategic partnership aims at development of sustainable aviation fuels that will include a US$ 8 million investment by the airline in waste-to-jet fuel process of Fulcrum. Increase in Demand for Aviation Fuel Upsurges the Growth of Renewable Aviation Fuel Market Renewable fuels have gained in popularity due to their sustainability, low contributions to the carbon cycle, and in some cases lower amounts of greenhouse gases. The geo-political ramifications of these fuels are also of interest, particularly to industrialized economies which desire independence from Middle Eastern oil. Increase in the Air Passengers in the Emerging Economies Driving the Aviation Fuel Market. Demand for aviation fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of XX% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for aviation fuel, which has been one of the strongest performers among transportation fuels in recent years. Expanding middle class in emerging countries, diverging demographic outlooks, and liberalization of aviation markets are some of the major factors to be considered for the increase in air passengers count every year. Favorable Environmental Regulations Aids the Europe Renewable Aviation Fuel Market Europe renewable aviation fuel market is expected to be the largest renewable aviation fuel market over the foreseeable future on account of huge investment in development and favorable environment regulations. Various European airline companies have tested the fuel in commercial flights which is anticipated to bolster the market growth in the region. Competition Assessment Key players profiled in the Europe renewable aviation fuel market include:
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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