“Renewable Aviation Fuel Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Renewable Aviation Fuel Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Renewable Aviation Fuel Market Research Report 2019-2023:
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Renewable Aviation Fuel market reports provide a comprehensive overview of the worldwide market size and share. Renewable Aviation Fuel market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Renewable Aviation Fuel Market Report:
Renewable Aviation Fuel Market
In 2017, civil aviation, emitted around 859 million tons of CO2, accounting for around 2% of all human-induced CO2 emissions. To cut CO2 emissions by half by 2050 relative to 2005 levels and to achieve the goal of carbon-neutral growth from 2020, the industry will initiate the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in 2021. The IATA (International Air Transport Association) has also set a goal of reaching 1 billion passengers on flights fuelled by sustainable aviation biofuels by 2025. To achieve this goal is expected to require policy support to increase aviation biofuels production and lower costs premiums over fossil jet kerosene. Although sustainable and clean alternative technologies are in development, such as electric or solar-powered aircraft and the use of cryogenic hydrogen, these options are unlikely to be ready for use until the well after 2050.
Policies Supporting Biofuel Production and Consumption
At the international level, the ICAO in 2016, after years of debate and planning, ICAO has agreed on a new global market-based measure (GMBM), with a goal of implementing these measures by 2020. Such market-based mechanisms are expected to provide the basis to set a price on emissions, as the primary means for emission reduction at the regional and national levels. GMBMs have been suggested as a way to bridge the time gap, by limiting carbon emissions while bio-jet fuels and other technologies are developed and hence driving the market in the long run. The Renewable Energy Directive 2009/28/EC (RED) requires all EU Member States to ensure that by 2020 at least 10% of their transport energy consumption to be fulfilled from renewable sources by 2020. In 2015, it achieved 6.7%. In other countries such as Indonesia, regulations on alternative fuels are currently designed to increase domestic consumption of biodiesel produced from palm oil. It began developing its biofuels industry in 2006, and since then, several regulations supporting biofuel have been introduced and evolved. Indonesian biofuel mandate is one of the most aggressive in the world.
Commercial to Account for the Largest Share
Air travel has become more accessible than ever. In 2017 airfares, in real terms, averaged less than half what they were in 1995. In 2017, around 4.1 billion people traveled by aircraft, the highest till now. This has resulted in a significant increase in demand for aviation fuel and emissions in the past few years. In response, the commercial sector has started to witness a gradual shift from the use of conventional aviation fuel to renewable fuel. More than 100,000 commercial flights have already successfully flown on biofuels blends, and several major airlines have committed to long-term biofuel purchase agreement. The IATA (International Air Transport Association) expects around 3.8 billion new passengers to travel by 2036, almost double compared to 2017. The biggest driver for the demand is expected to be Asia-Pacific, accounting for almost more than half of the new passengers over the next two decades. This expected to drive the demand for more aircrafts and hence aviation fuel. As the industry is planning to shift to a renewable source of fuel to power its engine, biofuel has a huge opportunity in helping the aviation industry to meet the emission reduction target.
North America Holds the Largest Share in Renewable Aviation Fuel Market
North America is one of the largest markets for both the aviation industry and renewable aviation fuel. An improving economy both at home and globally translated into a good year for the US aviation in 2017. The support from the Federal Aviation Administration is driving the consumption of biofuel in the aviation industry. Although increasing renewable Fuel Standard (RFS) targets have driven the demand in recent years, imports fell by 36% in 2017 compared to 2016. The US Department of Commerce (DOC) has put import duties on foreign biodiesel volumes sourced from Indonesia and Argentina, the two leading exporters of biodiesel. This has resulted in the decline in imports. Such efforts are expected to drive the domestic production of biofuels to meet the increasing demand from the aviation sector. The military sector of the United States has also started to blend biofuels with conventional petroleum in their aircraft to adopt a cleaner fuel. In 2017, the Office of the Secretary of Defense announced a USD 55 million funding opportunity for 10 million gallon biorefinery capable of producing advanced drop-in bio-equivalent fuels suitable for military use.
Renewable Aviation Fuel Market Major Players
Archer Daniels Midland Co
Renewable Energy Group Inc
Woodland Biofuels Inc.
Advanced Biofuels Canada
Atlantic Biodiesel Corporation
Louis Dreyfus Co LLC
Wilmar International Limited
Raízen Energia S.A.
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Reasons to Purchase Renewable Aviation Fuel Market Report:
Current and future renewable aviation fuel market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel).
Valuable Points from Renewable Aviation Fuel Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Renewable Aviation Fuel Market.
- Significant changes in Market dynamics.
- Renewable Aviation Fuel Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Renewable Aviation Fuel Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Renewable Aviation Fuel Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Renewable Aviation Fuel Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Renewable Aviation Fuel Market Research Report 2019-2023:
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