Renewable Aviation Fuel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AtJ)), By End-User (Commercial, Defense, and General Aviation), By Region & Competition, 2020-2030F

March 2025 | 188 pages | ID: R634F34E4EE3EN
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The Global Renewable Aviation Fuel Market was valued at USD 7.23 billion in 2024 and is expected to reach USD 76.70 billion by 2030 with a CAGR of 48.01% through 2030. In order to enhance the development of Renewable Aviation Fuel, Renewable Aviation Fuel companies can consider expansion, collaboration, partnership, acquisition, and joint ventures. Furthermore, constantly evolving aviation engine technology can make the existing technology obsolete very soon. This can further intensify the industry rivalry among the prominent market players.

Since the count of Renewable Aviation Fuel providers (suppliers) is less in comparison to the count of buyers, the bargaining power of suppliers is relatively higher as compared to the bargaining power of buyers. Due to promising profit margins, the threat of new entrants in the Renewable Aviation Fuel market is considered to be moderate.

Key Market Drivers

Rising Air Travel

The Renewable Aviation Fuel market is majorly driven by the rising trend of air travel and the expanding aviation sector in various developing nations. As global air traffic continues to recover and expand, the aviation industry is under pressure to reduce its carbon footprint and meet stricter environmental regulations. Renewable Aviation Fuels, such as biofuels and synthetic fuels made from sustainable resources, offer a promising solution to mitigate the environmental impact of air travel. With governments and aviation bodies setting ambitious targets for reducing carbon emissions, airlines are turning to RAFs to comply with sustainability goals and ensure their operations align with global efforts to combat climate change.

As air travel demand rises, the pressure on traditional aviation fuels, which contribute significantly to global carbon emissions, also grows. This has led to increased investments in developing and scaling up renewable aviation fuel technologies. RAFs can significantly lower lifecycle carbon emissions compared to conventional jet fuels, offering a more sustainable alternative. Additionally, as airlines look to diversify their fuel sources to ensure energy security and reduce reliance on fossil fuels, the adoption of RAFs is becoming essential for the future of the aviation sector. The increasing push from both industry and regulatory bodies for more eco-friendly solutions is expected to drive the rapid expansion of the RAF market in the coming years.

Key Market Challenges

Volatility in Crude Oil Prices:

One of the primary challenges faced by the Renewable Aviation Fuel market is the inherent volatility in crude oil prices. The aviation industry is heavily dependent on crude oil for jet fuel production, and fluctuations in oil prices can significantly impact operational costs for airlines. Political instability, geopolitical tensions, and economic uncertainties contribute to this volatility, making it a perpetual concern for the Renewable Aviation Fuel market.

Key Market Trends

Transition to Sustainable Renewable Aviation Fuels (SAFs):

One of the most prominent trends in the Renewable Aviation Fuel market is the increasing emphasis on sustainability. As environmental concerns rise, there is a growing shift towards Sustainable Renewable Aviation Fuels (SAFs). These fuels, derived from renewable resources such as biofuels and synthetic fuels, aim to reduce the carbon footprint of aviation. Governments, airlines, and fuel producers are investing in research and development to enhance the production and adoption of SAFs, marking a crucial step towards a more environmentally friendly aviation industry.

Key Market Players
  • TotalEnergies SE
  • Neste Oyj
  • Swedish Biofuels AB
  • Red Rock Biofuels LLC
  • Gevo Inc.
  • Honeywell International Inc.
  • Fulcrum BioEnergy Inc.
  • Preston Corporation Pte Ltd.
  • LanzaTech Inc.
  • Shell plc
Report Scope:

In this report, the Global Renewable Aviation Fuel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Renewable Aviation Fuel Market, By Fuel Technology:
  • Fischer-Tropsch (FT)
  • Hydroprocessed Esters and Fatty Acids (HEFA)
  • Synthesized Iso-Paraffinic (SIP)
  • Alcohol-to-Jet (AtJ)
· Renewable Aviation Fuel Market, By End User:
  • Commercial
  • Defense
  • General Aviation
· Renewable Aviation Fuel Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Egypt
  • UAE
  • Israel
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Renewable Aviation Fuel Market.

Available Customizations:

Global Renewable Aviation Fuel Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMERS

5. GLOBAL RENEWABLE AVIATION FUEL MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AtJ))
  5.2.2. By End-User (Commercial, Defense, and General Aviation)
  5.2.3. By Region
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA RENEWABLE AVIATION FUEL MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Technology
  6.2.2. By End-User
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Renewable Aviation Fuel Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Technology
      6.3.1.2.2. By End-User
  6.3.2. Canada Renewable Aviation Fuel Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Technology
      6.3.2.2.2. By End-User
  6.3.3. Mexico Renewable Aviation Fuel Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Technology
      6.3.3.2.2. By End-User

7. ASIA-PACIFIC RENEWABLE AVIATION FUEL MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Technology
  7.2.2. By End-User
  7.2.3. By Country
7.3. Asia-Pacific: Country Analysis
  7.3.1. China Renewable Aviation Fuel Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Technology
      7.3.1.2.2. By End-User
  7.3.2. India Renewable Aviation Fuel Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Technology
      7.3.2.2.2. By End-User
  7.3.3. Japan Renewable Aviation Fuel Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Technology
      7.3.3.2.2. By End-User
  7.3.4. South Korea Renewable Aviation Fuel Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Technology
      7.3.4.2.2. By End-User
  7.3.5. Indonesia Renewable Aviation Fuel Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Technology
      7.3.5.2.2. By End-User

8. EUROPE RENEWABLE AVIATION FUEL MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Technology
  8.2.2. By End-User
  8.2.3. By Country
8.3. Europe: Country Analysis
  8.3.1. Germany Renewable Aviation Fuel Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Technology
      8.3.1.2.2. By End-User
  8.3.2. United Kingdom Renewable Aviation Fuel Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Technology
      8.3.2.2.2. By End-User
  8.3.3. France Renewable Aviation Fuel Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Technology
      8.3.3.2.2. By End-User
  8.3.4. Russia Renewable Aviation Fuel Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Technology
      8.3.4.2.2. By End-User
  8.3.5. Spain Renewable Aviation Fuel Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Technology
      8.3.5.2.2. By End-User

9. SOUTH AMERICA RENEWABLE AVIATION FUEL MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Technology
  9.2.2. By End-User
  9.2.3. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Renewable Aviation Fuel Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Technology
      9.3.1.2.2. By End-User
  9.3.2. Argentina Renewable Aviation Fuel Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Technology
      9.3.2.2.2. By End-User

10. MIDDLE EAST & AFRICA RENEWABLE AVIATION FUEL MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Technology
  10.2.2. By End-User
  10.2.3. By Country
10.3. Middle East & Africa: Country Analysis
  10.3.1. Saudi Arabia Renewable Aviation Fuel Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Technology
      10.3.1.2.2. By End-User
  10.3.2. South Africa Renewable Aviation Fuel Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Technology
      10.3.2.2.2. By End-User
  10.3.3. UAE Renewable Aviation Fuel Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Technology
      10.3.3.2.2. By End-User
  10.3.4. Israel Renewable Aviation Fuel Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Technology
      10.3.4.2.2. By End-User
  10.3.5. Egypt Renewable Aviation Fuel Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Technology
      10.3.5.2.2. By End-User

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenge

12. MARKET TRENDS & DEVELOPMENTS

13. COMPANY PROFILES

13.1. TotalEnergies SE
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel
  13.1.5. Key Product/Services
13.2. Neste Oyj
  13.2.1. Business Overview
  13.2.2. Key Revenue and Financials
  13.2.3. Recent Developments
  13.2.4. Key Personnel
  13.2.5. Key Product/Services
13.3. Swedish Biofuels AB
  13.3.1. Business Overview
  13.3.2. Key Revenue and Financials
  13.3.3. Recent Developments
  13.3.4. Key Personnel
  13.3.5. Key Product/Services
13.4. Red Rock Biofuels LLC
  13.4.1. Business Overview
  13.4.2. Key Revenue and Financials
  13.4.3. Recent Developments
  13.4.4. Key Personnel
  13.4.5. Key Product/Services
13.5. Gevo Inc.
  13.5.1. Business Overview
  13.5.2. Key Revenue and Financials
  13.5.3. Recent Developments
  13.5.4. Key Personnel
  13.5.5. Key Product/Services
13.6. Honeywell International Inc.
  13.6.1. Business Overview
  13.6.2. Key Revenue and Financials
  13.6.3. Recent Developments
  13.6.4. Key Personnel
  13.6.5. Key Product/Services
13.7. Fulcrum BioEnergy Inc.
  13.7.1. Business Overview
  13.7.2. Key Revenue and Financials
  13.7.3. Recent Developments
  13.7.4. Key Personnel
  13.7.5. Key Product/Services
13.8. Preston Corporation Pte Ltd.
  13.8.1. Business Overview
  13.8.2. Key Revenue and Financials
  13.8.3. Recent Developments
  13.8.4. Key Personnel
  13.8.5. Key Product/Services
13.9. LanzaTech Inc.
  13.9.1. Business Overview
  13.9.2. Key Revenue and Financials
  13.9.3. Recent Developments
  13.9.4. Key Personnel
  13.9.5. Key Product/Services
13.10. Shell plc
  13.10.1. Business Overview
  13.10.2. Key Revenue and Financials
  13.10.3. Recent Developments
  13.10.4. Key Personnel
  13.10.5. Key Product/Services

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER



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