Aviation Alternative Fuel Market Research Report 2018 published By Market Research Future, provides information on Global Aviation Alternative Fuel Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Fuel type (Biofuels (HEFA, HPO, FT, and SIP), CNG, LPG, & Others), by Process (Coal liquefaction, Gas liquefaction), by Application (Commercial, Military), and by Region – Forecast Till 2023
Global Aviation Alternative Fuel Market – Overview
The global market for aviation alternative fuel is increasing at a rapid pace. According to a recent study report published by the Market Research Future, The global market of aviation test equipment will grow at a rapid pace over the forecast period. The market is forecasted to witness a slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2018 -2023).
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Increasing concerns about environmental protection, climate changes, and global warming is driving the aviation alternative fuels market. Number of companies, organizations, and governments are investing in research & development, and commercialization of alternative fuels for aviation. New technologies has significantly reduced the cost of manufacturing these fuels, resulting in economical substitutes for fossil fuels. Moreover, rapid growth in the aviation industry is likely to boost the demand for aviation alternative fuels during the forecast period.
Increase in demand for pilot training and reconnaissance aircrafts in military applications are some of the key factors that are driving the growth of aviation fuel market in next few years. Rise in efficiency of the jet engines due to new innovations, usage of stimulators for training and reduced economic prospects of the developed regions are some of the factors hindering the growth of the aviation fuels market.
In fuel type segmentation, the aviation alternative fuels market can be divided into biofuels, CNG, LNG, and others. Further biofuels can be bifurcated into Hydrogenated Easters & Fatty Acids (HEFA), Hydrogenated Pyrolysis Oil (HPO), Fischer-Tropsch (FT) based on biomass, and renewable Synthesized Iso-paraffin fuels (SIP), etc. Among these, the biofuels sub-segment is anticipated to expand significantly, as it is in a rapid development stage. Biofuels are primarily made from vegetable oils such as camellia and jatropha, sugar crops, cereals, and algae. Thus, at present, the inventory is available in abundance.
At present, regions such as North America and Europe are the key markets for aviation alternative fuels. Execution of strict government regulations, robust technological developments, increase in awareness regarding environmental protection, and finances investments are some of the factors pushing the growth of alternative fuels for aviation in these region. Asia Pacific is also estimated to be a significant market for aviation alternative fuels, China, India, are expected to witness substantial increase in number of passengers traveling by air transport per annum during the forecast period. The market in Latin America, especially in Brazil, is also expected to expand considerably in the near future.
- Solazyme (U.S.)
- Honeywell UOP (U.S.)
- Imperium Renewables Inc. (U.S.)
- Renewable Energy Group Inc. (U.S.)
- Aquaflow Bionomic Corporation (New Zealand)
- Swedish Biofuels AB (Sweden)
- Altair Fuel (U.S.)
- Fulcrum BioEnergy Inc. (U.S.)
- SkyNRG (Netherlands)
- Total S.A (France)
Industry/ Innovation/ Related News:
April 2018: Global Bioenergies and SkyNRG announced their collaboration on ASTM-certification of a bio-isobutene feedstock and alteration process for the production of sustainable aviation fuel.
April 2018: The city of St. Louis & St. Louis Lambert International Airport (STL) promoted Fleet of Alternative Fuel Automobiles.
December 2017: GE Aviation Tested 100% Gevo renewable alcohol-to-jet fuel (ATJ) Fuel.
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Global Aviation Alternative Fuel Market – Segmentation
The global aviation alternative fuel market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Fuel type : Biofuels (HEFA, HPO, FT, and SIP), CNG, LPG, & Others.
Segmentation by Process : Coal liquefaction & Gas liquefaction
Segmentation by Application : Commercial & Military
Segmentation by Regions : North America, Europe, Asia Pacific, Middle East & Africa and South America.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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