Aviation Alternative Fuel Market is Predicted to Grow at Approximately 10% by 2030

Aviation Alternative Fuel Market Outlook

Accelerated technological development, established major players, sufficient finances, growing awareness regarding the environment and stringent government regulations are some of the factors that push the demand in the developed regions such as North America and Europe. Growing number of passengers in the Asia-Pacific region are expected to contribute to the growing market for alternative aviation fuel in this region. The Aviation Alternative Fuel Market is expected to reach USD 16 billion by 2030, registering a CAGR of 10% during the forecast period from 2022 to 2030.

Drivers

Market Research Analysis  

On the basis of regions, the global aviation alternative fuel market is segmented as Americas, EMEA, and Asia-Pacific. The aviation industry accounts for a large amount of the total energy consumed in transportation annually. With the growing awareness of depleting fossil fuels and concerns regarding the environment, the aviation alternative fuels market is expected to witness significant growth. Accelerated application of biofuels in the aviation industry is expected to push the demand in the aviation alternative fuels market. Over the years various countries have been experimenting with biofuels in the form of blended fuels i.e. biofuel and jet fuel in order to curb their emission rates. The market for aviation alternative fuel is aided by the favorable government norms and is expected to register high growth rate during the forecast period

Global Aviation Alternative Fuel Market, 2016 – 2023 (USD Billion)

Scope of the Report

This study provides an overview of the global aviation alternative fuel market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, EMEA, and Asia Pacific,. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aviation Alternative Fuel market as type and platform.

By Application

• Commercial


• Military

By Fuel Type

• Biofuel


• Others

Key Players

The key players of global aviation alternative fuel market are Solazyme, Honeywell UOP, Imperium Renewables, Renewable Energy Group, and Aquaflow Bionomic Corporation.Read Full Information about this Report: Aviation Alternative Fuel Industry

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