Renewable Aviation Fuel Market: By Product Type (Algal Biofuels, Plant Biofuels, Others), By Application (Commercial, Defense), By Process Type (Hydro processed fatty acids and esters and Fischer-Tropsch (FT)), and Geography

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Renewable Aviation Fuel Market size was valued at USD 112.46 million in 2022 and is expected to reach USD 4691.38 million by 2029, at a CAGR of 70.4% from 2023-2029. Renewable aviation fuel are liquid fuels that can be produced from a wide range of biomass including vegetable oils, plant materials, and animal waste. Aviation biofuels can be produced via a number of processing technologies. Different feedstock suit different process technologies depending on the physical and chemical structure of the biomass. Renewable aviation fuels, however, are already established as an alternative jet fuel option with the possibility of significant lifecycle emissions reductions (depending on feedstock and process). But because conventional jet fuel remains significantly cheaper than biojet, price support and cost reductions (e.g. through technological learning) would be required to make biojet competitive. Sustainable aviation fuel is a specific type of gasoline that is designed to be used in planes while also increasing their efficiency. Sustainable aviation fuels are made from renewable resources and have a chemistry that is quite comparable to traditional fossil jet fuel. Increased use of sustainable aviation fuels reduces carbon emissions when compared to regular jet fuel because it replaces the fuel's lifespan. To create a sustainable environment and meet severe regulatory limits on emissions, the aviation industry is leaning toward reducing carbon footprints.

The Renewable Aviation Fuel Market Key Devolpments:
  • In October 15 2018, Neste and BP Collaborate on Sustainable Aviation Fuel Development.

Renewable Aviation Fuel Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

70.4%

Largest Market

Asia Pacific

Fastest Growing Market

North-America
Renewable Aviation Fuel Market Dynamics

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, aviation biofuels are more expensive than conventional jet fuel28. As fuel costs make up a large proportion of airlines operating costs, from a financial perspective biojet does not provide sufficient benefits to justify changing fuel procurement practices. The volatility of kerosene jet fuel prices – strongly linked with the price of crude oil acts as one incentive for airlines to move to biojet fuel.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Renewable Aviation Fuel Market Segmentation

By Product Type
  • Algal Biofuels
  • Plant Biofuels
  • Others
By Application
  • Commercial
  • Defence
By Process Type
  • Hydroprocessed fatty acids and esters
  • Fischer-Tropsch (FT)

Frequently Asked Questions

2022 is the base year and 2029 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.

Renewable Aviation Fuel Market size was valued at USD 112.46 million in 2022 and is expected to reach USD 4691.38 million by 2029, at a CAGR of 70.4% from 2023-2029.

1.Executive Summary
2.Global Renewable Aviation Fuel Market Introduction 
2.1.Global Renewable Aviation Fuel Market  - Taxonomy
2.2.Global Renewable Aviation Fuel Market  - Definitions
2.2.1.Product Type
2.2.2.Application
2.2.3.Process Type
2.2.4.Region
3.Global Renewable Aviation Fuel Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Renewable Aviation Fuel Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Renewable Aviation Fuel Market  By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Algal Biofuels
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Plant Biofuels
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Others
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Renewable Aviation Fuel Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Commercial
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Defence
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Renewable Aviation Fuel Market  By Process Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Hydroprocessed fatty acids and esters
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Fischer-Tropsch (FT)
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Renewable Aviation Fuel Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Renewable Aviation Fuel Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Algal Biofuels
9.1.2.Plant Biofuels
9.1.3.Others
9.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Commercial
9.2.2.Defence
9.3.  Process Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hydroprocessed fatty acids and esters
9.3.2.Fischer-Tropsch (FT)
9.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Renewable Aviation Fuel Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Algal Biofuels
10.1.2.Plant Biofuels
10.1.3.Others
10.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Commercial
10.2.2.Defence
10.3.  Process Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hydroprocessed fatty acids and esters
10.3.2.Fischer-Tropsch (FT)
10.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Renewable Aviation Fuel Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Algal Biofuels
11.1.2.Plant Biofuels
11.1.3.Others
11.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Commercial
11.2.2.Defence
11.3.  Process Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hydroprocessed fatty acids and esters
11.3.2.Fischer-Tropsch (FT)
11.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Renewable Aviation Fuel Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Algal Biofuels
12.1.2.Plant Biofuels
12.1.3.Others
12.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Commercial
12.2.2.Defence
12.3.  Process Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hydroprocessed fatty acids and esters
12.3.2.Fischer-Tropsch (FT)
12.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Renewable Aviation Fuel Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Algal Biofuels
13.1.2.Plant Biofuels
13.1.3.Others
13.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Commercial
13.2.2.Defence
13.3.  Process Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hydroprocessed fatty acids and esters
13.3.2.Fischer-Tropsch (FT)
13.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Gevo, Inc.
14.2.2.Red Rock Biofuels LLC.
14.2.3.Honeywell International Inc.
14.2.4.Virent Inc.
14.2.5.Fulcrum BioEnergy, Inc.
14.2.6.Neste Oil Corporation,
14.2.7.AltAir Paramount LLC
14.2.8.G. Preston Company
14.2.9.SkyNRG BV
14.2.10.Eni SpA Total S.A
14.2.11.BP PLC
15. Research Methodology 
16. Appendix and Abbreviations 
  • Gevo, Inc.
  • Red Rock Biofuels LLC.
  • Honeywell International Inc.
  • Virent Inc.
  • Fulcrum BioEnergy, Inc.
  • Neste Oil Corporation,
  • AltAir Paramount LLC
  • G. Preston Company
  • SkyNRG BV
  • Eni SpA Total S.A
  • BP PLC

Adjacent Markets