Aircraft alternative fuel market | Aircraft Fuel Market

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August 13, 2022

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Global Aircraft Alternative Fuels Market
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Category: Commercial Aviation Tags: Bio fuel, fixed wing, Hydrogen, narrowbody aircraft,
rotary wing, Unmanned aircraft, wide body aircraft
Research to reduce CO2 emissions is urgent for three reasons, including the possibility
that such reductions may be legally required even as commercial air travel increases, the
fact that new technology takes time to spread throughout the aviation fleet, and the
ongoing effects of global CO2 emissions, even though aviation CO2 emissions only make
up 2.0 to 2.5 percent of total global CO2 emissions annually. In order to encourage
sustainable practices on the commercial and military aviation fields, jet fuel alternatives
are needed in the market.

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Description

Frequently Asked Questions of Aircraft AF Market

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What is an aircraft alternative fuel?
Alternative fuel is currently made from used cooking oil and animal waste fat. Some
typical feedstocks used are cooking oil and other non-palm waste oils from animals or
plants; solid waste from homes and businesses, such as packaging, paper, textiles, and
food scraps that would otherwise go to landfill or incineration. Other potential sources
include forestry waste, such as waste wood, and energy crops, including fast growing
plants and algae

What reason will broaden the development of the aviation alternative fuel market?
Using alternative fuel results in a reduction in carbon emissions compared to the
traditional jet fuel it replaces over the lifecycle of the fuel. Sustainable fuel gives an
impressive reduction of up to 80% in carbon emissions over the lifecycle of the fuel
compared to the traditional jet fuel it replaces, depending on the sustainable feedstock
used, production method, and the supply chain to the airport.

Which region is the leader for change in the global aviation alternative fuel market?
North America and Europe

What are the key trends in the market?

Some of the trends are alternative fuel from wet waste, alternative fuel from Bio-based
polycyclic alkane, and alternative fuel from carbon-rich waste gases
Even though aviation CO2 emissions only account for 2.0 to 2.5 percent of total global
CO2 emissions annually, research to reduce CO2 emissions is urgent for three reasons,
i.e. such reductions might be legally required even as commercial air travel increases;
new technology takes a while to spread throughout the aviation fleet; and the ongoing
effects of global CO2 emissions. Using jet fuel alternatives is a need within the market to
promote sustainable practices within the commercial as well as military aviation domain.

With the growth in the commercial aviation market, it is noted that the RPK and the CTK
are poised to increase. Thus the incorporation of sustainable practices within this market
is noted to be a key area of investment.

Major factors driving the growth of the market

Aircraft jet fuel accounts for a major chunk of the capital cost incurred during flight
operations. Additionally, it is noted that the change in the geopolitical scenario is noted to
be one of the main factors that affect the same. The Russia-Ukraine war is noted to be
one of the main factors which affect the market as well as the prices of jet fuel. The jet
fuel prices are noted to hike owing to the present geo-political scenario of the global
market. As of 2022, it was noted that jet fuel costs attained a value of USD 78 per barrel.
This in turn caused the airline industry to lose USD 11.6 billion in costs. As of March
2022, the price of jet fuel was noted to be over USD 140 per barrel.

Trends influencing the growth of the market

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According to the recent statistics published by IATA, was noted than above 370,000
flights have taken to technology and the introduction of concepts like green aviation is
poised to drive the adoption of Aviation Alternative Fuels. Jet fuel alternatives are noted
to have been derived from renewable biomass and waste materials and it has the
potential to match the performance of petroleum-based jet fuel while emitting a fraction of
the carbon dioxide (GHG) emissions. This would give airlines a strong starting point for
decoupling GHG emissions during flights. The GHG emissions depend on the feedstock
as well as the technologies used to produce the Aviation Alternative Fuels. Certain
emerging Aviation Alternative Fuels pathways were noted to have produced a net-
negative GHG footprint.

Since many alternative fuels for airplanes have fewer aromatic components, they burn
more efficiently in airplane engines. As a result, there are fewer toxic chemical emissions
in the immediate area of airports during takeoff and landing. Additionally, aromatic
substances are precursors to contrails, which can amplify the effects of climate change.

Increased consumer awareness and the growing incorporation of such practices will
hereby reduce carbon emissions to a permissible value. The use of Sustainable Aviation
Fuel is expected to reduce the skies by making use of SAF (Sustainable Aviation Fuel)
since 2016. As of 2021, IATA stated that roughly 100 Million liters of Sustainable Aviation
Fuel would have been produced. The increased movement towards green emissions by a
value of 80% during an aircraft’s full life cycle. As per IATA, Around 14 billion liters of
SAF are in forwarding purchase agreements and over 45 airlines are operational with the
SAF as their primary source of fuel.

Market Dynamics

The United States is noted to be one of the pioneers in the Aircraft Alternative Fuels
Market. As per statistics released by the US EPA (Environment Protection Agency), it is
noted that aviation GHGs account for a value of 9-12% in the US transportation segment.
The recent trends within this market dictate that to establish a comprehensive plan for
scaling up new technologies to manufacture SAF on a commercial scale, the U.S.
Department of Energy is collaborating with the U.S. Department of Transportation, the
U.S. Department of Agriculture, and other federal government departments.

Developments

The use of alternative fuels for the airplane is poised to improve employment
opportunities across a given market. For instance, the use of biomass and crops to
generate Sustainable Aviation Fuel will hereby increase direct and indirect employment
across the farming value chain. Job creation across industry segments like biorefineries,
construction, et al are hereby anticipated to grow owing to the creation of this new market
opportunity.

Sustainability studies also suggest that biomass crops can reduce erosion and enhance
the quantity and quality of water. Additionally, they can boost biodiversity and store
carbon in the soil, which has positive effects on both the environment and farms across

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the nation. SAF made from wet wastes like sewage sludge and manure lessens the
pollution load on watersheds and prevents the atmosphere from being filled with
dangerous methane gas, a major cause of climate change.

Table of Contents
Market Definition

Market Segmentation

– By Region

– By Aircraft Type

– By Aircraft Size

10 Year Market Outlook

The 10-year market outlook would give a detailed overview of changing dynamics,
technology adoption overviews and the overall market attractiveness is covered in this
chapter.

Market Technologies

This segment covers the top 10 technologies that is expected to impact this market and
the possible implications these technologies would have on the overall market.

Global Market Forecast

The 10-year market forecast of this market is covered in detailed across the segments
which are mentioned above.

Regional Market Trends & Forecast

The regional market trends, drivers, restraints and Challenges of this market, the Political,
Economic, Social and Technology aspects are covered in this segment. The market
forecast and scenario analysis across regions are also covered in detailed in this
segment. The last part of the regional analysis includes profiling of the key companies,
supplier landscape and company benchmarking.

North America

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

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– Supplier Tier Landscape

– Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis

This chapter deals with the key defense programs in this market, it also covers the latest
news and patents which have been filed in this market. Country level 10 year market
forecast and scenario analysis are also covered in this chapter.

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

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India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Opportunity Matrix

The opportunity matrix helps the readers understand the high opportunity segments in
this market.

Expert Opinions

Hear from our experts their opinion of the possible outlook for this market.

Conclusions

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Countries Covered
US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

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Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered
North America

South America

Europe

Middle East

Asia

Segments Covered
By Region

By Aircraft Type

By Aircraft Size

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