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航空和航太

市場調查報告書

商品編碼

1336653

全球永續航空燃油市場 - 2023-2030

Global Sustainable Aviation Fuel Market - 2023-2030

出版日期: 2023年08月22日 | 出版商:

DataM Intelligence | 英文 185 Pages | 商品交期: 約2個工作天內

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簡介目錄

市場概況

全球永續航空燃油市場在2022年達到3.208億美元，預計到2030年將達到35.810億美元，2023-2030年預測期間年複合成長率為35.2%。

在預測期內，政府鼓勵綠色技術的新舉措最有可能推動全球永續航空燃油市場的成長。國際航空運輸協會（IATA）建議各國政府採取各種政策舉措，以增加永續航空燃料的生產和採用。

科學家們正在研究用於開發永續航空燃料的新的潛在原料。希臘國際希臘大學的科學家於 2023 年 2 月發表的一篇研究論文探討了利用固體廢物生質能作為永續航空燃料生產的潛在原料。

市場動態

永續燃料生產的進展

永續燃料生產的新進展可能會顯著降低生產成本，從而提高其採用率。 2022年10月，美國跨國工程技術公司霍尼韋爾國際有限公司宣布開發出一項將乙醇轉化為噴氣燃料的新技術。該公司計劃在未來幾年開始大規模商業生產。

航空公司正在與政府機構合作，研究永續燃料生產的新方法。例如，2023 年 6 月，紐西蘭國家航空公司與紐西蘭政府合作，宣布投資 200 萬美元，資助一系列永續航空燃料生產新方法的高級研究。

航空公司加大減排力度

由於航空業是交通運輸領域碳排放的最大單一貢獻者，航空公司面臨著越來越大的減排壓力。許多政府，特別是北美和歐洲的政府，已開始對高排放的行業和公司徵收嚴格的碳稅。碳稅有可能嚴重削弱航空公司的盈利能力。

此外，投資者在對公司進行投資時擴大考慮環境、社會和治理（ESG）評級。大多數全球航空公司在 ESG 指標上得分較低，因此難以吸引價值投資者。從長遠來看，航空公司採用永續航空燃料將大大有助於減少排放，

降低成本競爭力

永續航空燃料的生產成本較高，主要是由於原料供應不穩定、生產能力和支持基礎設施有限等多種因素。儘管新的進步在過去十年中大幅降低了成本，但永續航空燃料仍然比傳統航空燃料貴 10-20%。

永續航空燃料的成本相對較高，使其與傳統航空燃料相比缺乏競爭力。航空業競爭激烈，航空公司通常利潤率較低。採用航空燃料會增加航空公司的營運成本，侵蝕利潤率，並使它們失去與競爭對手的競爭力。

COVID-19 影響分析

由於大流行限制，商業航空旅行陷入停頓，COVID-19 大流行導致航空業完全混亂。許多航空公司都面臨著現金流大幅減少的困境，一些航空公司甚至因疫情帶來的經濟不確定性而申請破產。它大大減少了永續航空燃料的使用。

這一流行病還導致全球供應鏈問題，造成原料供應中斷，從而影響永續航空燃料的生產。許多支持永續航空燃料發展的政府政策被擱置，給全球市場成長帶來了進一步的複雜性。

俄羅斯-烏克蘭戰爭影響分析

儘管俄羅斯和烏克蘭之間持續的戰爭對各個行業造成了乾擾，但不太可能對全球永續航空燃油市場產生重大影響。大部分主要市場發展都發生在遠離衝突的西歐和北美。此外，俄羅斯境內永續燃料的發展有限，從中長期來看不太可能在全球市場中佔據重要佔有率。

Market Overview

Global Sustainable Aviation Fuel Market reached US$ 320.8 million in 2022 and is expected to reach US$ 3,581.0 million by 2030, growing with a CAGR of 35.2% during the forecast period 2023-2030.

Over the forecast period, new government initiatives to encourage green technologies are most likely to drive the growth of the global sustainable aviation fuel market. The international air transport association (IATA) has recommended various policy initiatives that can be undertaken by governments to increase production and adoption of sustainable aviation fuel.

Scientists are researching new potential feedstocks for the development of sustainable aviation fuels. A research paper published in February 2023, by scientists from the International Hellenic University in Greece explores the usage of solid waste biomass as a potential feedstock for sustainable aviation fuel production.

Market Dynamics

Advances in Sustainable Fuel Production

New advances in sustainable fuel production are likely to bring down production costs significantly, thus improving its adoption rates. In October 2022, Honeywell International Ltd., a U.S.-based multinational engineering and technology company, announced that it had developed a new technology for the conversion of ethanol into jet fuel. The company plans to commence large-scale commercial production in the coming years.

Airlines are partnering with government bodies to research new methods of sustainable fuel production. For instance, in June 2023, Air New Zealand, the flag carrier of New Zealand, in partnership with the New Zealand government, have announced a US$ 2 million investment to fund a set of advanced studies into new methods of sustainable aviation fuel production.

Increasing Emission Reduction Efforts by Airlines

With aviation being the single largest contributor of carbon emissions within the transportation sector, airlines are under increasing pressure to cut emissions. Many governments, particularly those in North America and Europe have begun imposing stiff carbon taxes on industries and companies having high emissions. Carbon taxes have to potential to significantly erode the profitability of airlines.

Furthermore, investors are increasing taking into account environmental, social and governance (ESG) ratings into consideration while undertaking investments in companies. Most global airlines score poorly on ESG metrics, making it difficult to attract value investors. The adoption of sustainable aviation fuel by airlines will go a long way towards reducing emissions in the long term,

Reduced Cost Competitiveness

Sustainable aviation fuel has high cost of production, mainly on account of various factors such as volatile feedstock availability, limited production capacity and support infrastructure. Although new advances have drastically brought down costs over the previous decade, sustainable aviation fuel still remains 10-20% more expensive than conventional jet fuel.

The relatively high costs of sustainable aviation fuel renders it uncompetitive against conventional jet fuel. The aviation industry is highly competitive and airlines typically operate on low margins. Adopting aviation fuels can increase operating costs for airlines, erode profit margins and make them uncompetitive against rivals.

COVID-19 Impact Analysis

The COVID-19 pandemic led to a complete disruption of the aviation industry as commercial air travel ground to a halt due to pandemic restrictions. Many airlines struggled with drastically reduced cash flow, with some airlines even filing for bankruptcy due to the economic uncertainties of the pandemic. It significantly reduced the adoption of sustainable aviation fuels.

The pandemic also led to global supply chain problems, creating disruptions in feedstock availability, thus affecting the production of sustainable aviation fuels. Many government policies in support of sustainable aviation fuel development were put on hold, creating further complications for global market growth.

Russia- Ukraine War Impact Analysis

Although the ongoing war between Russia and Ukraine has created disruptions for various industries, it is unlikely to majorly affect the global sustainable aviation fuel market. Much of the major market developments have been occuring in western Europe and North America, far away from the conflict. Furthermore, the development of sustainable fuel within Russia is limited and it is unlikely to account for a significant share of the global market over the medium and long term.

Segment Analysis

The global sustainable aviation fuel market is segmented based on type, aircraft type, platform and region.

Commercial Aviation Will Continue to Account for the Largest Market Share

Commercial aviation accounts for nearly two thirds of the global market. Commercial aviation operates the largest fleet of aircraft, with data suggesting nearly 25,000 aircraft currently in operation in 2022. With large-scale emissions, commercial aviation represents an ideal starting point for expanding the adoption of sustainable aviation fuel.

One of the major factors that makes commercial aviation one of the biggest platforms for sustainable aviation fuel is that support infrastructure already exists and can be adapted for sustainable fuel usage with minimal modifications. Commercial aviation is likely to continue to account for the largest share of the global market over the medium and long term.

Geographical Analysis

Government Initiatives to Propel Market Growth in Europe

Government support and initiatives have led to increased adoption of sustainable aviation fuel in Europe. The European Aviation Safety Agency (EASA), has mandated 2% sustainable aviation fuel blending for fuel dispensed at European airports. Furthermore, the European Commission, the legislative body of the European Union (EU), has proposed measures to increase adoption of sustainable fuel to 63% by 2050.

In April 2023, the EU adopted binding targets for sustainable aviation fuel usage and adoption. Companies are already entering into partnership agreements to adopt sustainable aviation fuel. For instance, in July 2023, DER Touristik, one of Germany's largest tour operators, announced a partnership with the German flag carrier Lufthansa, to promote the adoption of sustainable aviation fuel.

Competitive Landscape

The major global players include: Neste, Fulcrum BioEnergy, LanzaTech, TotalEnergies, Gevo, SG Preston, Velocys plc, Northwest Advanced Bio-Fuels,LLC, Red Rock Biofuels and Prometheus Fuels.

Why Purchase the Report?

To visualize the global sustainable aviation fuel market segmentation based on type, aircraft type, platform and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of sustainable aviation fuel market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global sustainable aviation fuel market report would provide approximately 57 tables, 58 figures and 185 Pages.

Target Audience 2023

Aviation Fuel Producers
Aircraft Manufacturers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Aircraft Type
3.3. Snippet by Platform
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increasing Drive for Decarbonization of Transportation
  - 4.1.1.2. Increasing Industrial Collaboration
  - 4.1.1.3. Advances in Sustainable Fuel Production
  - 4.1.1.4. Increasing Emission Reduction Efforts by Airlines
- 4.1.2. Restraints
  - 4.1.2.1. Limited Production Capacity
  - 4.1.2.2. Reduced Cost Competitiveness
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Biofuel*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Hydrogen Fuel
7.4. Power-to-Liquid Fuel
7.5. Gas-to-Liquid Fuel

8. By Aircraft Type

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 8.1.2. Market Attractiveness Index, By Aircraft Type
8.2. Fixed Wing*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Rotary Wing

9. By Platform

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 9.1.2. Market Attractiveness Index, By Platform
9.2. Commercial Aviation*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Military Aviation
9.4. Business Aviation
9.5. Unmanned Aerial Vehicles (UAVs)

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Spain
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.5.1. China
  - 10.5.5.2. India
  - 10.5.5.3. Japan
  - 10.5.5.4. Australia
  - 10.5.5.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Platform

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. Neste*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Recent Developments
12.2. Fulcrum BioEnergy
12.3. LanzaTech
12.4. TotalEnergies
12.5. Gevo
12.6. SG Preston
12.7. Velocys plc
12.8. Northwest Advanced Bio-Fuels, LLC
12.9. Red Rock Biofuels
12.10. Prometheus Fuels

LIST NOT EXHAUSTIVE