Aviation Biofuel Market Share

Geographically, the aviation biofuel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America industry is predicted to dominate majority revenue share by 2037, on account of expansion of aviation biofuel production companies, growing clean energy demand, and rising carbon emission reduction measures.

The European aviation biofuel market is expected to be the second dominant region over the forecast time owing to the rigorous rules and regulations regarding carbon emission. Several policy instruments related to biofuel have also been employed by the EU. For instance, the Renewable Energy Directive (RED) has established an objective of attaining 20% gross energy consumption from renewable resources by 2020.

Aviation demand is distinctly evident in the Asia Pacific region, where growing economic prosperity is introducing new travel opportunities and tremendous opportunities are coming up in the distribution of feedstock to produce aviation biofuel.