Global Aviation Biofuel Market Size By Type (Fischer-Tropsch And Hydrogenated Vegetables), By Application (Commercial And Military), By Geographic Scope And Forecast

Aviation Biofuel Market Size And Forecast

Aviation Biofuel Market size was valued at USD 218.71 Million in 2021 and is projected to reach USD 3,708.65 Million by 2030, growing at a CAGR of 37.35% from 2023 to 2030.

Aviation Biofuel Market is gaining pace due to increasing adoption of biofuels due to rising concern related to carbon emission from aviation sector. The Global Aviation Biofuel Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Aviation Biofuel Market Definition

You can actually create Aviation Biofuels, which are liquid fuels, from all sorts of natural stuff like vegetable oils, plant waste, and even animal manure! The cool thing is, using bio jet fuel can cut down on carbon dioxide pollution compared to old-school fossil fuels. That's because plants suck up carbon from the air as they grow, so it's a more sustainable process from seed to sky. But, keep in mind, jet fuel needs to be super high quality, even more so than the fuel you put in your car. We're talking about needing major power, good lubrication, and the ability to handle cold temperatures. Right now, to make sure biojet works just right, it's usually mixed with regular jet fuel from fossil fuel sources.

A variety of industrial processes can be used to make Aviation Biofuels. Under the physical and chemical makeup of the biomass, various feedstocks are suitable for multiple processing procedures. The entire method used determines the conversion’s efficiency. For instance, pyrolysis might transform lignocellulosic feedstocks such as forestry wastes into liquid fuel, needing just hydrogenation for refining or through combustion and Fischer-Tropsch synthesis. Alcohols may be produced from starch and sugar plants, which can be transformed into oligomers and dehydrated. More advanced techniques can directly convert carbohydrates to hydrocarbons.

Think of aviation biofuels as renewable jet fuels – also known as Sustainable Aviation Fuels (SAF) – that can actually power airplanes. The International Air Transport Association (IATA) believes they're key to tackling aviation's impact on our planet. Aviation biofuel could really help clean up medium and long-distance flights, which create most of the emissions. Plus, it could help older planes stick around longer by making them less polluting. The aviation world has promised to slash its carbon footprint by 50% compared to 2005 levels by 2050. To make that happen, we'll need to mix regular jet fuel with SAF that has a lower carbon impact. The IEA's Sustainable Development Scenario (SDS) really highlights this, predicting that biofuels will cover nearly 10% of the aviation fuel market by 2030, and almost 20% by 2040!

Global Aviation Biofuel Market Overview

The constant variations in oil and gas prices give unique stimulus to aircraft fuel. The need for aviation fuel is being driven up by a variety of new commercial and military uses that are developing in response to increased air transport and an expanding inventory of airplanes. The need for air cargo transportation regarding quantity and freight traffic is crucial to expanding the world aircraft fuel industry.

We're expecting the industry to really take off as airlines and other big players step up their game. Take United Airlines, the world's third-largest airline, for example. They launched a cool investment thing in February 2023 to help out startups working on greener aviation fuel. This "Sustainable Flight Fund" – basically the easiest way to shrink flight carbon footprints – aims to speed up research, production, and the tech behind Sustainable Aviation Fuel (SAF). And get thisthe fund already has over USD100 million from big names like Boeing, GE Aerospace, Honeywell, JP Morgan Chase (you know, the massive financial institution), and Air Canada, a key Star Alliance partner with United.

As one of the significant producers of greenhouse gases (GHG), the aviation sector must make every effort to use cleaner energy for airplanes. Opportunities are predicted to abound in the aircraft biofuel sector as more countries join the Paris Agreement and establish their emissions objectives. The renewables industry will attract a surge of investment into the marketplace over the forecast period, boosting market growth.

It looks like the push for environmentally friendly aircraft fuel might hit some turbulence. We might simply not have enough of the raw materials needed to make it! Plus, the refineries we rely on to get the most out of these fuel sources are struggling to keep up, making SAF production difficult. And if we don't have enough fuel to go around, its ability to properly mix takes a hit, which means poorer performance. Rising crude oil costs and the pollution caused by lubricants are also expected to slow down growth in this area. For the first few decades, expect renewable aviation fuel to be hard to find since production will likely be based on contracts, not just available as a commodity. Oh, and one more thingthe cost of keeping biofuel plants running actually increases after they're up and making fuel, which makes it tough for them to become truly sustainable. Learn more here.

Global Aviation Biofuel MarketSegmentation Analysis

The Global Aviation Biofuel Market is Segmented on the basis of Type, Application, And Geography.

Aviation Biofuel Market, By Type

• Fischer-Tropsch
• Hydrogenated Vegetables

We can break down the market by Type into a couple of key areasFischer-Tropsch and Hydrogenated Vegetables. Now, the hydrogenated vegetables segment is really picking up steam and we expect it to grow quite a bit in the coming years. Think about ithydrogenated vegetable oils – they’ve been tweaked by adding hydrogen to change their properties. This makes them tougher and less likely to spoil. While you can use them as aircraft biofuel, they're usually not as fuel-dense as some other options. That said, companies like Boeing are looking into how well airplanes handle HEFA+ aviation fuel, which can freeze at higher temperatures. They’re doing this to help clean up the aviation industry. HEFA+? It’s basically a synthesized hydrocarbon made from biological stuff like vegetable oil or even waste fats.

Aviation Biofuel Market, By Application

• Commercial
• Military

Based on Application, the market is split into commercial and military. The commercial segment dominated the overall industry in 2021. Increasing adoption of biofuels as a replacement for conventional fuels is expected to contribute to segment growth. Further, increasing carbon emissions regulations coupled with rising air travel worldwide are expected to drive the commercial segment over the forecast period. Airbus predicts that more than 38,000 new planes will be supplied during the next 20 years, some of which will replace the older models in the fleet.

Aviation Biofuel Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Okay, so when we look at the Aviation Biofuel Market, it really breaks down by geographyyou've got North America, Europe, Asia Pacific, Latin America, the Middle East, and good old Africa. Now, North America was the big player in 2021, and it looks like they're going to stay on top for a while. Why? Well, their governments are really pushing to clean up aviation. Take the U.S., for example. Back in September 2021, the U.S. Department of Energy (DOE) dropped a cool USD 64.7 million to fund projects that'll create cheaper, carbon-friendly biofuels. Basically, they're speeding up the shift to a net-zero pollution industry by 2050, finding replacements for those petroleum fuels we use in planes, ships, and other heavy-duty vehicles.

Key Players

The “Global Aviation Biofuel Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Vega Biofuels, Red Rock Biofuels, PetroSun, GEVO, Honeywell International, Archer Daniels Midland Company, Argent Energy, KFS Biodiesel, Targray Technology International, Shirke Energy and other prominent players.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2023, KBR revealed that it has joined forces with Swedish Biofuels AB, a technical pioneer and leader in cutting-edge study on biofuels, to launch Sustainable Aviation Fuel (SAF) industry.
• In June 2022, Swedish Biofuels and COWI have teamed up to provide the Swedish marketplace with 400,000 tonnes of sustainable aviation fuel (SAF). The “alcohol-to-jet” (ATJ) technique, which opens the door to the total abolition of fossil aviation fuel, serves as the foundation for Sweden Biofuels’ technology.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Aviation Biofuel Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Aviation Biofuel Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as