Global Sustainable Aviation Fuel Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Sustainable Aviation Fuel Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Sustainable aviation fuel (SAF) generally refers to aviation kerosene substitutes generated through chemical reactions from various sustainably and repeatedly obtained raw materials (biological raw materials or synthetic raw materials).

Market Overview:

The latest research study on the global Sustainable Aviation Fuel market finds that the global Sustainable Aviation Fuel market reached a value of USD 1037.79 million in 2023. It’s expected that the market will achieve USD 4203.5 million by 2029, exhibiting a CAGR of 26.26% during the forecast period.

Sustainable aviation fuel generally refers to aviation kerosene substitutes generated through chemical reactions from various sustainably and repeatedly obtained raw materials (biological raw materials or synthetic raw materials). Although SAF is not expected to be the ultimate solution for the low-carbon development of the future aviation industry like electric energy or hydrogen energy, the carbon dioxide produced during its combustion can be neutralized through raw material production, which will be a net positive for the aviation industry before other technological routes are mature and applied. The short-term goal of zero carbon emissions is of extremely important practical significance and is also the most feasible option for sustainable long-distance flight. In addition to diversifying raw material sources and significantly reducing carbon emissions throughout the life cycle, SAF produces significantly less smoke, nitrogen oxides and sulfur compounds than aviation kerosene, and does not require a fundamental redesign of the current aircraft/engine structure. .

The early SAF only included two components: n-alkanes and iso-alkanes. With the advancement of chemical technology, it has been expanded to four hydrocarbon groups: n-alkanes, iso-alkanes, aromatic hydrocarbons and naphthenes. However, the SAF in traditional aviation kerosene Other components (oxygen-containing molecules, heteroatom-containing molecules, unsaturated olefins and metal atoms, etc.) have been excluded from SAF specifications due to problems such as poor thermal stability, low freezing point, and easy formation of pollutants. The n-paraffin and isoparaffin molecular families typically account for 55% to 60% of traditional jet fuel. Although the former is acceptable to SAF, it does not meet the freezing point and flash point requirements of the ASTM D1655 standard and does not provide unique performance attributes. Isoparaffins have the advantages of high mass energy density, good thermal stability, and low freezing point. Aromatic hydrocarbons have low energy density and do not burn as cleanly as alkanes. They are the source of 90% of particulate matter emissions from aviation kerosene and can easily cause wear and tear on the internal structure of the combustion chamber. Naphthenes complement isoparaffins and provide similar sealing and expansion functions to aromatic hydrocarbons while meeting fuel energy density requirements. It can be said that the current technological development trend of reducing the content of aromatic hydrocarbons by adding high-quality isoparaffins to SAF, and ultimately replacing aromatic hydrocarbons with naphthenes, can not only minimize pollution emissions but also further increase the energy of the fuel. characteristic. Up to now, a total of 9 SAF production processes have been certified by ASTM, and the maximum mixing volume ratio with aviation kerosene does not exceed 50%. The hydrogenated ester and fatty acid (HEFA) method is currently the most commercially viable way to prepare SAF.

The United States, Canada, Norway, Finland and other countries have formed large-scale markets for sustainable aviation fuel and established a complete industrial chain of raw materials - refining - transportation - refueling. Currently, there have been more than 300,000 passenger commercial flights using sustainable aviation fuel around the world, and some airports in the United States, Sweden, Norway and other countries have implemented routine refueling of sustainable aviation fuel. The proportion of sustainable aviation fuel currently mixed with aviation kerosene can be as high as 50%. In October 2021, Rolls-Royce successfully completed a test flight on the 747 flight test platform using 100% sustainable aviation fuel, and announced that all its long-range aircraft equipped with Trent engines in the future can use 100% sustainable aviation fuel to power the aircraft. . Airbus has joined the 100% Sustainable Aviation Fuel Climate Impact plan and strives to put a fleet of 100% sustainable aviation fuel into operation by 2030. Boeing pointed out that switching to sustainable aviation fuel is the safest and most measurable solution to reduce aviation carbon emissions in the next few decades and is also a necessary step for the civil aviation industry to achieve the goal of significantly reducing carbon emissions by 2050.

policy driven

Globally, the sustainable aviation fuel industry as a whole has significant policy-driven attributes, and policy orientation is an important external environment that affects the development of the industry; among them, whether there is mandatory or recommended sustainable aviation fuel blending Proportion is the most important factor affecting the consumer side. In the European and American markets, governments have set or planned national or regional sustainable transportation fuel application goals and specific blending directive requirements. Such policy signals have the most direct impetus for the development of biofuels such as sustainable aviation fuel. effect.

It is an important path to zero carbon emissions in the aviation industry.

The transportation industry has become the second largest source of carbon emissions, after the electricity and heating industry. Aviation alone accounts for 2%-3% of total global emissions of carbon dioxide every year. And unlike the automobile industry, which has electric, hydrogen fuel, methane and other methods, due to safety considerations, long-distance flights require fuel with higher energy density, and there are not many options to replace fuel. The new type of sustainable aviation fuel is currently the most mature technology and has broad development prospects. Generally speaking, sustainable aviation fuel is synthesized from waste grease, agricultural and forestry waste, and urban waste. It is less polluting, cleaner, and has excellent emission reduction performance. Data shows that after an aircraft engine replaces traditional fuel with sustainable aviation fuel, carbon dioxide emissions caused by fuel combustion can be reduced by 80%. Therefore, promoting the use of sustainable aviation fuel has become one of the important solutions to achieve emissions reduction in the aviation industry.

Coordinated development of upstream and downstream industrial chains

In the European and American markets, key parties in the industry chain such as airports have taken the lead to unite airlines, sustainable aviation fuel production providers and aviation service buyers to jointly launch the sustainable aviation fuel market, which has achieved good results and promoted development of the sustainable aviation fuel market.

Region Overview:

In 2022, the European sustainable aviation fuel market share will be 78.67%.

Company Overview:

Major players in the sustainable aviation fuel market include Neste, World Energy, TotalEnergies, Phillips 66 and Eni. Among them, Neste ranks first in terms of sales and revenue in 2023.

Segmentation Overview:

By type, the HEFA segment held the largest market share in 2022.

HEFA

The technical route of hydrotreating lipids and fatty acids (HEFA) refers to the processing and refining of animal and vegetable oils, waste oils or fats into SAF by using hydrogen (hydrogenation), which generally includes processes such as hydrodeoxygenation, isomerization, cracking and fractionation. .

G+FT

Fischer-Tropsch synthesis (G+FT) refers to decomposing carbonaceous materials in the form of syngas into different units and then combining them into SAF and other fuels. Synthesis gas is generally produced by gasifying biomass (agricultural and forestry waste or municipal organic solid waste, etc.).

AHJ

The alcohol jet synthesis route (ATJ) refers to producing alcohol substances from sugar and starch raw materials through fermentation, or obtaining alcohol substances through other means, and then converting them into aviation fuel through dehydration, oligomerization, hydrogenation conversion and distillation.

Application Overview:

By application, the largest market segment is the civil aviation segment, with a market share of 98.21% in 2022.

Key Companies in the global Sustainable Aviation Fuel market covered in Chapter 3:

Phillips 66
Eni
TotalEnergies
Neste
World Energy

In Chapter 4 and Chapter 14.2, on the basis of types, the Sustainable Aviation Fuel market from 2019 to 2030 is primarily split into:

HEFA
G+FT
AHJ
other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sustainable Aviation Fuel market from 2019 to 2030 covers:

Civil Aviation
military aviation

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)