Sustainable Aviation Fuel Market Analysis

Fuel Type (BioFuel, Power to Liquid Fuel, Hydrogen Fuel, Gas to Liquid Fuel)

The global sustainable aviation fuel market is segmented and analyzed for demand and supply by fuel type into biofuel, power to liquid fuel, hydrogen fuel, and gas to liquid fuel. Out of the four types of fuels used in aviation, the biofuel segment is estimated to gain the largest market share of about 40% in the year 2037. The growth of the segment can be attributed to the increasing popularity of aviation biofuels. According to the International Energy Agency, the first flight utilizing mixed biofuel occurred in 2008. After that, biofuels have been used on over 150,000 flights all across the world. In 2018, around 15 million liters of aviation biofuel were produced. Moreover, initiatives taken by airports to supply biofuels are also expected to drive the growth of the segment. Only five airports currently have regular biofuel distribution (Bergen, Brisbane, Los Angeles, Oslo, and Stockholm), with others receiving it on an as-needed basis. However, owing less than 5% of all airports handle 90% of international flights, aviation fueling is centralized. These now cover around 6 billion liters of petroleum.

Aircraft Type (Commercial, Regional Transport Aircraft, Military Aviation, Business  General Aviation)

The global sustainable aviation fuel market is also segmented and analyzed for demand and supply by aircraft type into commercial, regional transport aircraft, military aviation, business & general aviation, and unmanned aerial vehicles. Amongst these five segments, the military aviation segment is expected to garner a significant share of around 39% in the year 2037. The growth of the segment is primarily attributed to the rising investment in military.  Saudi Arabia intends to invest more than USD 20 billion in its domestic defense industry over the next decade as part of its efforts to increase domestic military spending. Over the next decade, the government intends to invest more than $10 billion on Saudi Arabia's defense industry, as well as equivalent sums in research and development.

Our in-depth analysis of the global market includes the following segments: