Published Year: 2023
Sustainable Aviation Fuel Market - A Global and Regional Analysis: Focus on Application, Engine Type
The global sustainable aviation fuel market is estimated to reach $131.12 billion in 2033 from...
Market Research Report
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Table of Contents
1.1 Industry Outlook
1.1.1 Sustainable Aviation Fuel Market: Overview
1.1.2 Evolving Emission Control Measures in the Aviation Industry
1.1.3 Emerging Zero Emissions Aircraft Technology
1.1.3.1 Electric Propulsion Systems
1.1.3.2 Hydrogen Fuel Cell Technology
1.1.3.3 Advanced Aerodynamics and Lightweight Materials
1.1.3.4 Urban Air Mobility (UAM) and Electric Vertical Take-Off and Landing (eVTOL)
1.1.4 Current and Future Technological Trends
1.1.4.1 Carbon Capture and Utilization (CCU) Technologies
1.1.4.2 Direct Air Capture (DAC) Technologies
1.1.5 Evolving Aviation Propulsion Technologies: Migration Toward Reduced Emissions
1.1.6 Critical Success Parameters for Sustainable Aviation Fuel Adoption
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Environmental Concerns
1.2.1.2 Volatile Jet Fuel Prices
1.2.1.3 Advances in Conversion Technologies
1.2.2 Business Challenges
1.2.2.1 Infrastructure Development Cost
1.2.2.2 Certification and Sustainability Criteria
1.2.2.3 Inadequate Supply of Feedstock
1.2.3 Business Opportunities
1.2.3.1 SAF Offtake Agreements
1.2.4 Business Strategies
1.2.4.1 Market Developments
1.2.4.2 Partnerships, Collaborations, Agreements, and Contracts
2.1 Sustainable Aviation Fuel Market (by Region)
2.2 Europe
2.2.1 Market
2.2.1.1 Key Players in Europe
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Europe Sustainable Aviation Fuel Market (by Application)
2.2.3 Product
2.2.3.1 Europe Sustainable Aviation Fuel Market (by Fuel Type)
2.2.3.2 Europe Sustainable Aviation Fuel Market (by Manufacturing Technology)
2.2.4 Europe (by Country)
2.2.4.1 France
2.2.4.1.1 Market
2.2.4.1.1.1 Key Players in France
2.2.4.1.2 Application
2.2.4.1.2.1 France Sustainable Aviation Fuel Market (by Application)
2.2.4.1.3 Product
2.2.4.1.3.1 France Sustainable Aviation Fuel Market (by Fuel Type)
2.2.4.2 Germany
2.2.4.2.1 Market
2.2.4.2.1.1 Key Players in Germany
2.2.4.2.2 Application
2.2.4.2.2.1 Germany Sustainable Aviation Fuel Market (by Application)
2.2.4.2.3 Product
2.2.4.2.3.1 Germany Sustainable Aviation Fuel Market (by Fuel Type)
2.2.4.3 U.K.
2.2.4.3.1 Market
2.2.4.3.1.1 Key Players in the U.K.
2.2.4.3.2 Application
2.2.4.3.2.1 U.K. Sustainable Aviation Fuel Market (by Application)
2.2.4.3.3 Product
2.2.4.3.3.1 U.K. Sustainable Aviation Fuel Market (by Fuel Type)
2.2.4.4 Rest-of-Europe
2.2.4.4.1 Market
2.2.4.4.1.1 Key Players in Rest-of-Europe
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Europe Sustainable Aviation Fuel Market (by Application)
2.2.4.4.3 Product
2.2.4.4.3.1 Rest-of-Europe Sustainable Aviation Fuel Market (by Fuel Type)
3.1 Competitive Benchmarking
3.2 Company Profiles
3.2.1 BP p.l.c.
3.2.1.1 Company Overview
3.2.1.1.1 Role of BP p.l.c. in the Sustainable Aviation Fuel Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Corporate Strategies
3.2.1.2.1 Partnerships, Collaborations, Agreements, and Contracts
3.2.1.3 Analyst View
3.2.2 Shell
3.2.2.1 Company Overview
3.2.2.1.1 Role of Shell in the Sustainable Aviation Fuel Market
3.2.2.1.2 Product Portfolio
3.2.2.2 Corporate Strategies
3.2.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.2.3 Business Strategies
3.2.2.3.1 Market Developments
3.2.2.4 Analyst View
3.2.3 Neste
3.2.3.1 Company Overview
3.2.3.1.1 Role of Neste in the Sustainable Aviation Fuel Market
3.2.3.1.2 Product Portfolio
3.2.3.2 Corporate Strategies
3.2.3.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.3.3 Business Strategies
3.2.3.3.1 Market Developments
3.2.3.4 Analyst View
3.2.4 SkyNRG
3.2.4.1 Company Overview
3.2.4.1.1 Role of SkyNRG in the Sustainable Aviation Fuel Market
3.2.4.1.2 Product Portfolio
3.2.4.2 Business Strategies
3.2.4.2.1 Market Developments
3.2.4.3 Corporate Strategies
3.2.4.3.1 Partnerships, Collaborations, Agreements, and Contracts
3.2.4.4 Analyst View
3.2.5 Velocys plc
3.2.5.1 Company Overview
3.2.5.1.1 Role of Velocys plc in the Sustainable Aviation Fuel Market
3.2.5.1.2 Product Portfolio
3.2.5.2 Corporate Strategies
3.2.5.2.1 Partnerships, Collaborations, Agreements, and Contracts
3.2.5.3 Business Strategies
3.2.5.3.1 Market Developments
3.2.5.4 Analyst View
3.2.6 TotalEnergies
3.2.6.1 Company Overview
3.2.6.1.1 Role of TotalEnergies in the Sustainable Aviation Fuel Market
3.2.6.1.2 Product Portfolio
3.2.6.2 Corporate Strategies
3.2.6.2.1 Partnerships, Collaborations, Agreements, and Contracts
3.2.6.3 Business Strategies
3.2.6.3.1 Market Developments
3.2.6.4 Analyst View
4.1 Factors for Data Prediction and Modeling
Table 1: Market Developments, January 2020-June 2023
Table 2: Partnerships, Collaborations, Agreements, and Contracts, January 2020-June 2023
Table 3: Sustainable Aviation Fuel Market (by Region), Million Gallon, 2022-2033
Table 4: Sustainable Aviation Fuel Market (by Region), $Million, 2022-2033
Table 5: Europe Sustainable Aviation Fuel Market (by Application), $Million, 2022-2033
Table 6: Europe Sustainable Aviation Fuel Market (by Fuel Type), Million Gallon, 2022-2033
Table 7: Europe Sustainable Aviation Fuel Market (by Fuel Type), $Million, 2022-2033
Table 8: Europe Sustainable Aviation Fuel Market (by Manufacturing Technology), $Million, 2022-2033
Table 9: France Sustainable Aviation Fuel Market (by Application), $Million, 2022-2033
Table 10: France Sustainable Aviation Fuel Market (by Fuel Type), Million Gallon, 2022-2033
Table 11: France Sustainable Aviation Fuel Market (by Fuel Type), $Million, 2022-2033
Table 12: Germany Sustainable Aviation Fuel Market (by Application), $Million, 2022-2033
Table 13: Germany Sustainable Aviation Fuel Market (by Fuel Type), Million Gallon, 2022-2033
Table 14: Germany Sustainable Aviation Fuel Market (by Fuel Type), $Million, 2022-2033
Table 15: U.K. Sustainable Aviation Fuel Market (by Application), $Million, 2022-2033
Table 16: U.K. Sustainable Aviation Fuel Market (by Fuel Type), Million Gallon, 2022-2033
Table 17: U.K. Sustainable Aviation Fuel Market (by Fuel Type), $Million, 2022-2033
Table 18: Rest-of-Europe Sustainable Aviation Fuel Market (by Application), $Million, 2022-2033
Table 19: Rest-of-Europe Sustainable Aviation Fuel Market (by Fuel Type), Million Gallon, 2022-2033
Table 20: Rest-of-Europe Sustainable Aviation Fuel Market (by Fuel Type), $Million, 2022-2033
Table 21: BP p.l.c.: Product Portfolio
Table 22: BP p.l.c.: Partnerships, Collaborations, Agreements, and Contracts
Table 23: Shell: Product Portfolio
Table 24: Shell: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 25: Shell: Market Developments
Table 26: Neste: Product Portfolio
Table 27: Neste: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 28: Neste: Market Developments
Table 29: SkyNRG: Product Portfolio
Table 30: SkyNRG: Market Developments
Table 31: SkyNRG: Partnerships, Collaborations, Agreements, and Contracts
Table 32: Velocys plc: Product Portfolio
Table 33: Velocys plc: Partnerships, Collaborations, Agreements, and Contracts
Table 34: Velocys plc: Market Developments
Table 35: TotalEnergies: Product Portfolio
Table 36: TotalEnergies: Partnerships, Collaborations, Agreements, and Contracts
Table 37: TotalEnergies: Market Developments
Figure 1: Sustainable Aviation Fuel Market, $Billion, 2022-2033
Figure 2: Sustainable Aviation Fuel Market, Million Gallon, 2022-2033
Figure 3: Sustainable Aviation Fuel Market (by Application), $Billion, 2022 and 2033
Figure 4: Sustainable Aviation Fuel Market (by Fuel Type), $Billion, 2022 and 2033
Figure 5: Sustainable Aviation Fuel Market (by Manufacturing Technology), $Billion, 2022 and 2033
Figure 6: Sustainable Aviation Fuel Market (by Region), $Billion, 2033
Figure 7: Sustainable Aviation Fuel Market, Business Dynamics
Figure 8: Jet Fuel Prices, May 2018-March 2023
Figure 9: Share of Key Business Strategies and Developments, January 2020-June 2023
Figure 10: Sustainable Aviation Fuel Market, Competitive Benchmarking
Figure 11: Research Methodology
Figure 12: Top-Down and Bottom-Up Approach
Figure 13: Assumptions and Limitations
Europe Sustainable Aviation Fuel Market Report Coverage
|
Europe Sustainable Aviation Fuel Market |
|||
|
Base Year |
2022 |
Market Size in 2022 |
$96.9 Million |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$18,238.9 Million |
|
CAGR During Forecast Period |
58.03% |
||
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights, which are gathered from primary experts.
The key players operating and present in the Europe sustainable aviation fuel market include:
• Shell
• Neste
• SkyNRG
• Velocys plc
• TotalEnergies
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment and their potential in Europe region. Moreover, the study provides the reader with a detailed understanding of the sustainable aviation fuel market by application (commercial aviation, business and general aviation, military aviation and unmanned aerial vehicle (UAV), product on the basis of fuel type (hydrogen fuel, biofuel, power-to-liquid fuel, and gas-to-liquid fuel), and manufacturing technology (fischer-tropsch synthetic paraffinic kerosene (FT-SPK), hydroprocessed esters and fatty acids-synthetic paraffinic kerosene (HEFA-SPK), alcohol-to-jet synthetic paraffinic kerosene (ATJ-SPK), synthetic ISO-paraffin from fermented hydroprocessed sugar (HFS-SIP).
Growth/Marketing Strategy: The sustainable aviation fuel market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been merger and acquisition to strengthen their position in the sustainable aviation fuel market. For instance, in February 2023, Fulcrum BioEnergy stated that its U.K. subsidiary, Fulcrum BioEnergy, Ltd., has been awarded a grant from the U.K. Department for Transport Advanced Fuels Fund of over $20.2 million. The award, which is valid through 2025, will aid in the construction of Fulcrum NorthPoint, a plant that will convert residual waste into sustainable aviation fuel (SAF) at the Essar Stanlow site.
Competitive Strategy: Key players in the sustainable aviation fuel market analyzed and profiled in the study involve major sustainable aviation fuel offering companies providing sustainable aviation fuel and different manufacturing technology. Moreover, a detailed competitive benchmarking of the players operating in the sustainable aviation fuel market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.
Introduction to Europe Sustainable Aviation Fuel Market
The Europe sustainable aviation fuel market was valued at $96.9 million in 2022 and is anticipated to reach $18,238.9 million by 2033, witnessing a CAGR of 58.03% during the forecast period 2023-2033. Due to the pressing need to lower greenhouse gas emissions and lessen the impact of aviation on climate change, the market for sustainable aviation fuel (SAF) has become an important and quickly expanding segment within the aviation industry. SAF, commonly referred to as biojet fuel, is produced using renewable energy sources, algae, and agricultural waste as sustainable feedstocks. It provides a competitive substitute for traditional jet fuel by cutting emissions of carbon dioxide and other pollutants to a great extent. Governments, airlines, and other industry players are putting more focus and capital into the SAF market as they work to meet their sustainability targets. The market for sustainable aviation fuel has enormous potential for innovation, teamwork, and good environmental impact. It has the ability to transform aviation and contribute to a more environmentally friendly future.
Market Introduction
The concept of sustainable aviation fuel, or SAF, has a lengthy history that began in the early 2000s as environmental and climate change awareness began to grow. Scholars and business experts agreed that the need for alternative fuels was necessary in order to reduce greenhouse gas emissions and reliance on fossil fuels. Initially, the emphasis was on biofuels derived from plants like soybeans and sugarcane. In 2008, the first commercial aircraft using a blend of normal jet fuel and biofuel was launched. Since then, there have been significant advancements in the development and adoption of SAF, including upgrades to the certification standards, the refining processes, and the range of feedstocks utilized.
Worldwide interest in and use of sustainable aviation fuel, or SAF, is now rising dramatically. Concerns over climate change and the aviation industry's detrimental environmental effects are growing, making cleaner alternatives to traditional jet fuels desperately needed. Thus, SAF, which is made from sustainable feedstocks like biomass, leftover cooking oil, or hydrogen, has offered a practical solution. Modern technology and collaborations are propelling the industry forward by increasing SAF manufacturing capacity, streamlining the supply chain, and bringing down costs for businesses. The resolution of difficulties pertaining to scalability, feedstock availability, and regulatory frameworks is imperative in order to promote the adoption of SAF and provide a more sustainable future for aviation.
Market Segmentation:
Segmentation 1: by Application
• Commercial Aviation
• Business and General Aviation
• Military Aviation
• Unmanned Aerial Vehicle (UAV)
Segmentation 2: by Fuel Type
• Hydrogen Fuel
• Biofuel
• Power-to-Liquid Fuel
• Gas-to-Liquid Fuel
Segmentation 3: by Manufacturing Technology
• Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
• Hydroprocessed Esters and Fatty Acids-Synthetic Paraffinic Kerosene (HEFA-SPK)
• Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK)
• Synthetic ISO-Paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
• Catalytic Hydrothermolysis Jet (CHJ)
Segmentation 4: by Country
• U.K.
• Germany
• France
• Rest-of-Europe
Europe Sustainable Aviation Fuel Market
Analysis and Forecast, 2023-2033
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