10% Free customization
The Europe sustainable aviation fuel market was valued at $96.9 million in 2022 and is anticipated to reach $ 18.23 billion by 2033, witnessing a CAGR of 58.03% during the forecast period 2023-2033. Due to the pressing need to lower greenhouse gas emissions and lessen the impact of aviation on climate change, the market for sustainable aviation fuel (SAF) has become an important and quickly expanding segment within the aviation industry. SAF, commonly referred to as biojet fuel, is produced using renewable energy sources, algae, and agricultural waste as sustainable feedstocks. It provides a competitive substitute for traditional jet fuel by cutting emissions of carbon dioxide and other pollutants to a great extent. Governments, airlines, and other industry players are putting more focus and capital into the SAF market as they work to meet their sustainability targets. The market for sustainable aviation fuel has enormous potential for innovation, teamwork, and good environmental impact. It has the ability to transform aviation and contribute to a more environmentally friendly future. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Market Introduction
The concept of sustainable aviation fuel, or SAF, has a lengthy history that began in the early 2000s as environmental and climate change awareness began to grow. Scholars and business experts agreed that the need for alternative fuels was necessary in order to reduce greenhouse gas emissions and reliance on fossil fuels. Initially, the emphasis was on biofuels derived from plants like soybeans and sugarcane. In 2008, the first commercial aircraft using a blend of normal jet fuel and biofuel was launched. Since then, there have been significant advancements in the development and adoption of SAF, including upgrades to the certification standards, the refining processes, and the range of feedstocks utilized.Worldwide interest in and use of sustainable aviation fuel, or SAF, is now rising dramatically. Concerns over climate change and the aviation industry's detrimental environmental effects are growing, making cleaner alternatives to traditional jet fuels desperately needed. Thus, SAF, which is made from sustainable feedstocks like biomass, leftover cooking oil, or hydrogen, has offered a practical solution. Modern technology and collaborations are propelling the industry forward by increasing SAF manufacturing capacity, streamlining the supply chain, and bringing down costs for businesses. The resolution of difficulties pertaining to scalability, feedstock availability, and regulatory frameworks is imperative in order to promote the adoption of SAF and provide a more sustainable future for aviation.
Market Segmentation:
Segmentation 1: by Application
- Commercial Aviation
- Business and General Aviation
- Military Aviation
- Unmanned Aerial Vehicle (UAV)
Segmentation 2: by Fuel Type
- Hydrogen Fuel
- Biofuel
- Power-to-Liquid Fuel
- Gas-to-Liquid Fuel
Segmentation 3: by Manufacturing Technology
- Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
- Hydroprocessed Esters and Fatty Acids-Synthetic Paraffinic Kerosene (HEFA-SPK)
- Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK)
- Synthetic ISO-Paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
- Catalytic Hydrothermolysis Jet (CHJ)
Segmentation 4: by Country
- U.K.
- Germany
- France
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment and their potential in europe region. Moreover, the study provides the reader with a detailed understanding of the sustainable aviation fuel market by application (commercial aviation, business and general aviation, military aviation and unmanned aerial vehicle (UAV), product on the basis of fuel type (hydrogen fuel, biofuel, power-to-liquid fuel, and gas-to-liquid fuel), and manufacturing technology (fischer-tropsch synthetic paraffinic kerosene (FT-SPK), hydroprocessed esters and fatty acids-synthetic paraffinic kerosene (HEFA-SPK), alcohol-to-jet synthetic paraffinic kerosene (ATJ-SPK), synthetic ISO-paraffin from fermented hydroprocessed sugar (HFS-SIP).Growth/Marketing Strategy: The sustainable aviation fuel market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been merger and acquisition to strengthen their position in the sustainable aviation fuel market. For instance, in February 2023, Fulcrum BioEnergy stated that its U.K. subsidiary, Fulcrum BioEnergy, Ltd., has been awarded a grant from the U.K. Department for Transport Advanced Fuels Fund of over $20.2 million. The award, which is valid through 2025, will aid in the construction of Fulcrum NorthPoint, a plant that will convert residual waste into sustainable aviation fuel (SAF) at the Essar Stanlow site.
Competitive Strategy: Key players in the sustainable aviation fuel market analyzed and profiled in the study involve major sustainable aviation fuel offering companies providing sustainable aviation fuel and different manufacturing technology. Moreover, a detailed competitive benchmarking of the players operating in the sustainable aviation fuel market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights, which are gathered from primary experts.The key players operating and present in the Europe sustainable aviation fuel market include:
- Shell
- Neste
- SkyNRG
- Velocys plc
- TotalEnergies
This product will be delivered within 3-5 business days.
Table of Contents
1 Markets
2 Region
3 Markets - Competitive Benchmarking & Company Profiles
4 Research Methodology
List of Figures
List of Tables
Executive Summary
The Europe sustainable aviation fuel market is estimated to reach $18.23 billion by 2033, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 58.03% during the forecast period 2023-2033.The Europe Sustainable Aviation Fuel Market: Drivers and Challenges
The projected growth in jet fuel consumption in Europe could lead to a substantial increase in the demand for sustainable aviation fuel (SAF). This heightened demand would place additional pressure on the deployment of SAF production capacity within Europe.The growth of sustainable aviation fuel (SAF) is constrained by a few factors, such as the maximum pace of deployment that refers to the rate at which SAF production facilities can be constructed, the availability of feedstocks such as biomass, municipal solid waste (MSW), and renewable power for green hydrogen production. In addition, current geopolitical tensions in the region and ongoing war-like conditions such as the Russia and Ukraine war, coupled with the impact of other external factors such as inflation, and supply chain complexities, are expected to have a negative impact on the market players who intend to expand their operations in the region.
USPs of report
- Analysis of business drivers and challenges of the Europe Sustainable Aviation Fuel Market
- Detailed analysis of Sustainable Aviation Fuel Market for Germany, France, and U.K.
- A qualitative and quantitative analysis of the sustainable aviation fuel market based on application and product
Analyst’s Perspective on Sustainable Aviation Fuel Market
The Principal Analyst states, 'The demand for sustainable aviation fuel (SAF) has grown significantly in recent years and is expected to increase in the upcoming years. SAF is a potential alternative since it is made from renewable sources such as biomass, waste oils, and agricultural wastes, resulting in much-reduced greenhouse gas emissions than typical fossil-based jet fuels. In addition, major airlines and industry players have acknowledged the importance of sustainability and have committed to increasing the use of SAF in their operations. This has spurred investment in SAF manufacturing facilities and fostered industry innovation, leading to better scalability and cost competitiveness. As a result, the sustainable aviation fuel market is expected to expand further as the sector strives to meet environmental goals and build a more sustainable future for aviation.'The key players operating and present in the Europe sustainable aviation fuel market include:
- Shell
- Neste
- SkyNRG
- Velocys plc
- TotalEnergies
Key Questions Answered in the Report
- What are the key drivers, restraints, and opportunities for Europe sustainable aviation fuel market?
- How is the market expected to grow during the forecast period 2023-2033?
- What are the opportunities for companies to expand their businesses in the Europe sustainable aviation fuel market?
- What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
Companies Mentioned
- BP p.l.c.
- Shell
- Neste
- SkyNRG
- Velocys plc
- TotalEnergies
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 103 |
| Published | December 2023 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 0.19 Billion |
| Forecasted Market Value ( USD | $ 18.23 Billion |
| Compound Annual Growth Rate | 58.0% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 6 |
