Sustainable Aviation Fuel Market growth accelerating at 59% CAGR; 30.46% YOY achieved in 2021 -- Technavio

NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The "Sustainable Aviation Fuel Market by Type and Geography - Forecast and Analysis 2021-2025" report by Technavio expects the market size to grow by USD 562.39 million between 2020 and 2025. The market observed a YOY growth of 30.46% in 2021 and the growth momentum is expected to accelerate at a CAGR of 59% during the forecast period. The report offers a comprehensive analysis of the current market size, future growth opportunities, key strategies adopted by vendors, new product launches, and key segments to invest in over the forecast period.

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The global sustainable aviation fuel market is fragmented. The market comprises several large, medium, and small players. Leading players hold a significant share in the market. They offer a broad range of sustainable aviation fuels. They are also trying to establish their presence in emerging economies owing to vast growth opportunities. Emerging markets such as India and China will be the fastest-growing markets, with some local players gaining a considerable market share due to their low-cost products. The market players compete on various factors, such as price, availability, brand, and variety. Pricing is a major factor for competition among the players to gain an edge in the market. The growth of players in the market also depends on market conditions, government support, and industry development. Access to capital and advances in product innovations are major barriers to the entry of new players.

The report identifies Aemetis Inc., Avfuel Corp., Eni Spa, Fulcrum BioEnergy Inc., Gevo Inc., Neste Corp., SkyNRG BV, Total SA, Velocys Plc, and World Energy as major market participants. Although the presence of favorable government policies offer immense growth opportunities, the higher costs of production compared to conventional fuels will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global sustainable aviation fuel market is segmented as below:

• Type 
• Biofuel
• Hydrogen Fuel
• Power to Liquid Fuel

The market growth in the biofuel segment will be significant over the forecast period. The increase in the number of air passengers, coupled with the rising air traffic is compelling regulatory bodies to focus on reducing carbon emissions caused by the aviation sector. In addition, the increased government support on the use of biofuels will contribute to the growth of the segment.

• Geography 
• North America
• APAC
• Europe
• MEA
• South America

About 43% of the market growth will originate in North America during the forecast period. The rapid increase in the demand for new aircraft and increased investments in the development of efficient aircraft systems are driving the growth of the regional market. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our sustainable aviation fuel market report covers the following areas:

• Sustainable Aviation Fuel Market Size
• Sustainable Aviation Fuel Market Trends
• Sustainable Aviation Fuel Market Industry Analysis

We provide a detailed analysis of around 25 vendors operating in the sustainable aviation fuel market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the sustainable aviation fuel market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist sustainable aviation fuel market growth during the next five years
• Estimation of the sustainable aviation fuel market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the sustainable aviation fuel market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sustainable aviation fuel market vendors

Related Reports:

• Alternative Fuels Market by Application and Geography - Forecast and Analysis 2022-2026
• Biofuels Market by Product and Geography - Forecast and Analysis 2021-2025

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Biofuel - Market size and forecast 2020-2025
• Hydrogen fuel - Market size and forecast 2020-2025
• Power to liquid fuel - Market size and forecast 2020-2025
• Market opportunity by Type

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• APAC - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aemetis Inc.
• Avfuel Corp.
• Eni Spa 
• Fulcrum BioEnergy Inc.
• Gevo Inc.
• Neste Corp.
• SkyNRG BV
• Total SA
• Velocys Plc
• World Energy

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio