Alcohol-to-Jet Fuel Market Trends

Growth Drivers

• Growing Tourist Travelling All Across the World

The number of foreign travelers in 2021 was estimated to be about 454 million. Therefore, the demand for air travel is estimated to grow. Flying often proves to be the most convenient alternative, especially when traveling across vast distances, which is one of the benefits of airplanes. It may get someone where one needs to go with the least amount of effort and save time. Flying is frequently considerably more convenient than driving, riding a train, or taking a bus. Hence, the preference is high while traveling over long distances further boosting the market growth.

• Rising Agriculture Waste

A multi-product bio-refinery based on the ATJ pathway could produce SAF in addition to green hydrogen, ethanol, and bio-based materials such as bio-bitumen during the refining process by employing agricultural leftovers as a feedstock. Hence, with the growing agriculture waste the market demand is also anticipated to boost.

• Surge in Various Moment by General People to Control Pollution

A large number of people all across the world stopped using air transport in order to protest against air pollution caused by aircraft. Various moments were launched in particular nations. For instance, the anti-flight moment in America aimed at reducing emissions from aircraft. Hence, in order to tackle this issue, the government is emphasizing using ATJ fuel which is set to boost the market growth over the coming years.

Challenges

• Insufficient Availability of Feedstock - The raw materials that play a significant part in the entire production chain of alternative aviation fuels such as synthetic fuels, e-fuels, and bio-jet fuels include biological and non-biological resources including oil crops, sugar crops, algae, waste oil, etc. The insufficient supply of raw materials needed for its manufacture could cause the demand for sustainable aviation fuel to stagnate. Delays in the overall process of SAF manufacturing are also caused by refineries' constraints, which are crucial to the correct utilization of these feedstocks. The limited fuel supply also creates a barrier to the fuel's ability to blend, decreasing efficiency.
• Loss of Fuel Owing to Evaporation
• Risk of Plane Crashing Fueled with ATJ Fuel