MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on The Global Sustainable Aviation Fuel Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
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Global Sustainable Aviation Fuel Market Insights 2023-2028
The Global Sustainable Aviation Fuel Market size was valued at USD 610 billion in 2022 and is projected to grow at a CAGR of around 56.32% during the forecast period, i.e., 2023-28.
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Top Players in the Sustainable Aviation Fuel Market:
Gevo Inc.
Eni SPA
Neste Oyj
Fulcrum Bioenergy
SKYNRG
Avfuel Corporation
Velocys
SG Preston Company
Red Rock Biofuels
Aemetis, Inc
Sundrop Fuels Inc.
ZeroAvia, Inc.
Aemetis, Inc.
Ballard Power Systems
SG Preston Company
Segmentation Analysis of Sustainable Aviation Fuel Market
Sustainable Aviation Fuel Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023 to 2028, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Fuel Type
Hydrogen Fuel
Biofuel
Power to Liquid Fuel
Based on Fuel Type:Â Of them all, Biofuel is anticipated to continue dominating the Global Sustainable Aviation Fuel Market with the largest share during the forecast period. It owes to the growing focus of governments of different countries worldwide to address the alarming levels of carbon emissions generated by the aviation sector and the increasing demand for sustainable aviation fuel by prominent airlines, soaring the need for Biofuel to produce sustainable aviation fuels. This, in turn, is expected to contribute significantly to the conservation of the environment. Recently, prominent companies have actively participated in the market, for instance.
By Manufacturing Method
Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
Hydroprocessed Esters and Fatty Acids (HEFA-SPK)
Hydroprocessed Fermented Sugars to Synthetic Isoparaffins (HFS-SIP)
FT-SPK with aromatics (FT-SPK/A)
Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK)Â
Catalytic hydrothermolysis synthetic jet fuel (CHJ)
By End Users
Military Aviation
Business and General Aviation
Commercial Aviation
By Blending Capacity
Below 30%
30% to 50%
Above 50%
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A Comprehensive Geographical Analysis:
By Region
North America
South America
Europe
Asia Pacific
Middle East & Africa
Of them all, North America is anticipated to display the fastest market growth during the forecast period. The region has the most significant aircraft fleet & passenger traffic worldwide, owing to which it contributes substantially to carbon emission generation. It, in turn, is compelling governments of different countries like the US & Canada to seek ways to reduce these emissions through various initiatives for the adoption & utilization of sustainable aviation fuels.
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