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Market Snapshot

CAGR:9.16

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.16

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Report Overview

Renewable/Bio Jet Fuel Market Analysis By Application (Commercial Aviation, Military Aviation), By Type (Hydroprocessed Esters and Fatty Acids (HEFA), Fischer-Tropsch (FT), Synthesized Iso-Paraffins (SIP), Alcohol-to-Jet (ATJ)), and By Region Forecast to 2032:

The Renewable/Bio Jet Fuel Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the global aviation industry's commitment to reducing carbon emissions, advancements in renewable jet fuel technologies, and increasing awareness of sustainable aviation fuels. Renewable and bio-based jet fuels are considered a vital component in achieving greener aviation.

Renewable/Bio Jet Fuel Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Renewable/Bio Jet Fuel Market is the aviation industry's increasing focus on sustainability. As airlines and aircraft manufacturers aim to reduce their carbon footprint, there is a growing demand for renewable and bio-based jet fuels, which have the potential to significantly lower greenhouse gas emissions compared to conventional jet fuels.

Furthermore, technological advancements in the production of renewable jet fuels have made them more economically viable, paving the way for increased adoption in the aviation sector. Government incentives and regulations promoting the use of sustainable aviation fuels further support market growth.

Trends:

An emerging trend in the Renewable/Bio Jet Fuel Market is the use of various feedstock sources for fuel production. These feedstocks include agricultural residues, algae, waste oils, and lignocellulosic biomass. Diversifying feedstock sources enhances the sustainability and availability of renewable jet fuels.

Additionally, partnerships between airlines and renewable fuel producers are driving market growth. Airlines are increasingly investing in the development and production of renewable jet fuels, contributing to the expansion of the market.

Restraints:

One of the key challenges hindering the growth of the Renewable/Bio Jet Fuel Market is the high production costs associated with renewable jet fuels compared to conventional fossil fuels. The infrastructure required for large-scale production and the sourcing of feedstocks can be cost-intensive.

Additionally, the aviation industry's slow transition to renewable jet fuels due to concerns about fuel availability and compatibility is a restraint. Achieving widespread adoption and certification of renewable jet fuels for commercial aviation requires overcoming technical and logistical hurdles.

Renewable/Bio Jet Fuel Market Segmentation By Application:

Commercial Aviation: Commercial airlines are increasingly incorporating renewable and bio-based jet fuels into their operations to reduce carbon emissions and meet sustainability goals.
Military Aviation: Military aviation also shows potential for adopting renewable jet fuels to enhance energy security and reduce environmental impact during training and operations.

Renewable/Bio Jet Fuel Market Segmentation By Type:

Hydroprocessed Esters and Fatty Acids (HEFA): HEFA fuels are produced from feedstocks like vegetable oils and animal fats and have been widely used in aviation as a renewable option.
Fischer-Tropsch (FT): FT fuels are synthesized through a chemical process that converts carbon-based feedstocks into hydrocarbons suitable for jet fuel production.
Synthesized Iso-Paraffins (SIP): SIP fuels are created through the synthesis of iso-paraffinic hydrocarbons and offer improved cold-weather performance.
Alcohol-to-Jet (ATJ): ATJ fuels are derived from alcohols and are known for their potential to reduce greenhouse gas emissions significantly.

Regional Overview:

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North America is expected to be a key contributor to the global Renewable/Bio Jet Fuel Market, driven by the presence of major airlines and aircraft manufacturers committed to sustainability in the United States and Canada.
Europe has been actively promoting the use of sustainable aviation fuels through regulations and incentives, positioning the region as a significant market for renewable jet fuels.

Renewable/Bio Jet Fuel Market Customer Landscape:

The Renewable/Bio Jet Fuel Market report assesses customer segments, including commercial airlines, military aviation units, fuel suppliers, and government agencies. Understanding their requirements and sustainability goals is crucial for renewable jet fuel producers to tailor their offerings effectively.

Major Renewable/Bio Jet Fuel Market Companies:

Companies in the renewable and bio-based jet fuel market focus on research and development to improve fuel quality and production efficiency. They also collaborate with aviation stakeholders to expand market reach.

Example companies include:

Neste Corporation: Neste is a leading producer of renewable diesel and jet fuels, with a strong emphasis on sustainability and reducing greenhouse gas emissions.
Gevo, Inc.: Gevo specializes in the production of advanced renewable fuels, including isobutanol-based jet fuels, for aviation and other sectors.
Amyris, Inc.: Amyris focuses on bio-based jet fuel production from sugarcane, offering a sustainable alternative to traditional aviation fuels.

The competitive landscape analysis in the report provides insights into key market players, including:

World Energy
Fulcrum BioEnergy, Inc.
Velocys Plc
Red Rock Biofuels LLC
SG Preston Company
AltAir Paramount, LLC
LanzaTech, Inc.
REG Synthetic Fuels, LLC
Velocys Plc
Primus Green Energy Inc.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence and technological capabilities.

Segment Overview:

The Renewable/Bio Jet Fuel Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Commercial Aviation
Military Aviation

Type Outlook (USD Million, 2019 - 2032):

Hydroprocessed Esters and Fatty Acids (HEFA)
Fischer-Tropsch (FT)
Synthesized Iso-Paraffins (SIP)
Alcohol-to-Jet (ATJ)

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Middle East & Africa

South Africa
Rest of Middle East & Africa

Latin America

Brazil
Mexico
Rest of Latin America

TABLE OF CONTENTS: GLOBAL Renewable/Bio Jet Fuel MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Renewable/Bio Jet Fuel MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Renewable/Bio Jet Fuel Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Renewable/Bio Jet Fuel MARKET BY Conversion Pathways INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Fischer TropschSynthetic Paraffinic Kerosene (FT-SPK)

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Hydroprocessed Esters and Fatty Acids (HEFA)

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (SIP)

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5. Alcohol to Jet SPK (ATJ-SPK)

5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Renewable/Bio Jet Fuel MARKET BY FeedStock INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Agriculture Crops

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Aquaculture Crops

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Energy Crops

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5. Multiple Solid Waste

6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Renewable/Bio Jet Fuel MARKET REGIONAL OUTLOOK

7.1. Renewable/Bio Jet Fuel Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Renewable/Bio Jet Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Renewable/Bio Jet Fuel Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Renewable/Bio Jet Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Gevo, Inc

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Red Rock Biofuels LLC

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Honeywell International Inc

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Virent Inc

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Fulcrum BioEnergy

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Neste Oil Corporation

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. AltAir Paramount LLC

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. S.G. Preston Company

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. SkyNRG BV

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Eni SpA Total S.A.

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Renewable Bio Jet Fuel Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032