지속 가능한 항공 연료(SAF) 시장은 온실 가스 배출을 줄이고 항공이 기후 변화에 미치는 영향을 완화해야 한다는 시급한 필요성에 힘입어 항공 산업에서 중요하고 빠르게 성장하는 분야로 부상하고 있습니다.
바이오 제트 연료로도 알려진 SAF는 농업 폐기물, 조류, 재생 가능 에너지와 같은 지속 가능한 원료로 만들어집니다. 탄소 배출량 및 기타 오염 물질을 크게 줄임으로써 기존 제트 연료에 대한 실행 가능한 대체 연료를 제공하는 SAF 시장은 정부, 항공사 및 업계 이해관계자들이 지속가능성 목표를 달성하기 위해 노력하는 가운데 전 세계적으로 관심과 투자가 증가하고 있습니다. 항공 산업에 혁명을 일으키고 보다 친환경적인 미래에 기여할 수 있는 잠재력을 지닌 지속 가능한 항공 연료 시장은 기술 혁신, 협력, 환경에 긍정적인 영향을 미칠 수 있는 큰 기회를 제공합니다.
지속 가능한 항공연료(SAF)의 역사는 오래되었으며, 환경과 기후 변화에 대한 관심이 높아진 2000년대 초로 거슬러 올라갑니다. 온실 가스 배출을 줄이고 화석연료 의존도를 낮추는 대체 연료의 필요성이 학계와 업계 전문가들에 의해 인식되기 시작한 것입니다. 가장 먼저 주목받은 것은 사탕수수나 콩과 같은 식물을 원료로 하는 바이오연료였으며, 2008년에는 바이오연료와 일반 제트 연료를 혼합한 연료로 첫 상업적 비행이 이루어졌습니다. 그 이후로 사용되는 원료의 유형, 정제 절차, 인증 기준이 개선되어 SAF의 생산과 수용이 크게 진전되었습니다.
지속 가능한 항공 연료(SAF)는 현재 전 세계적으로 관심과 이용이 크게 증가하고 있습니다. 기후 변화와 항공 부문이 환경에 미치는 악영향에 대한 우려가 커지면서 기존 제트 연료를 대체할 수 있는 청정 연료가 절실히 요구되고 있습니다. 따라서 바이오매스, 폐식용유, 수소와 같은 지속 가능한 원료로 생산되는 SAF가 실용적인 해답이 되고 있습니다. 업계의 발전은 최첨단 기술과 파트너십을 통해 SAF 제조 능력을 향상시키고, 공급망 물류를 개선하고, 가격을 낮추기 위해 노력하고 있으며, SAF의 도입을 촉진하고 항공 운송으로 지속 가능한 미래를 가져 오기 위해서는 확장성, 원료 공급, 규제 프레임워크 등의 문제를 해결해야 합니다. 등의 문제를 해결해야 합니다.
지속 가능한 항공 연료와 이 분야의 기술 발전은 지속 가능한 항공 연료 세계 시장에 긍정적인 영향을 미칠 것으로 예상됩니다. 여러 조직과 정부 기관은 세계 지속 가능한 항공 연료 시장에 새로운 제조 기술을 도입하기 위해 노력하고 있습니다. 다양한 연료 유형 등 다양한 지속 가능한 항공 연료 제품과 비교했을 때, 바이오연료는 현재 수요가 높은 연료로 눈에 띕니다.
세계의 지속 가능한 항공 연료 시장에 대해 조사했으며, 시장 개요와 함께 용도별/엔진 유형별/연료 유형별/제조 기술별/혼합 능력별/국가별 동향, 시장 진출기업 프로파일 등의 정보를 전해드립니다.
Introduction to Sustainable Aviation Fuel Market
The sustainable aviation fuel (SAF) market has emerged as a crucial and rapidly growing sector within the aviation industry, driven by the urgent need to reduce greenhouse gas emissions and mitigate the impact of aviation on climate change. SAF, also known as biojet fuel, is derived from sustainable feedstocks such as agricultural waste, algae, and renewable energy sources. It offers a viable alternative to conventional jet fuel by significantly reducing carbon dioxide emissions and other pollutants. The SAF market is witnessing increasing global attention and investment as governments, airlines, and industry stakeholders strive to achieve their sustainability goals. With its potential to revolutionize aviation and contribute to a greener future, the sustainable aviation fuel market presents significant opportunities for innovation, collaboration, and positive environmental impact.
Sustainable Aviation Fuel Market Introduction
Sustainable aviation fuel (SAF) has a long history that dates back to the early 2000s when environmental and climate change concerns first gained popularity. The need for alternative fuels that may lower greenhouse gas emissions and dependency on fossil fuels was acknowledged by academics and industry professionals. The first focus was on biofuels made from plants such as sugarcane and soybeans. The first commercial flight powered by a mixture of biofuel and regular jet fuel took off in 2008. Since then, there has been a substantial advancement in the creation and acceptance of SAF, with improvements in the variety of feedstocks used, the refining procedures, and the certification criteria.
Sustainable aviation fuel (SAF) is now seeing a remarkable increase in attention and usage on a worldwide scale. Cleaner substitutes for conventional jet fuels are urgently needed in light of rising worries about climate change and the negative environmental effects of the aviation sector. Hence, a workable answer has been provided by SAF, which is produced from sustainable feedstocks such as biomass, used cooking oil, or hydrogen. Progress in the industry is being driven by cutting-edge technology and partnerships, which have boosted companies' SAF manufacturing capacity, improved supply chain logistics, and reduced prices. To encourage the implementation of SAF and provide a more sustainable future for air transport, issues including scalability, feedstock supply, and regulatory frameworks must be resolved.
Industrial Impact
The sustainable aviation fuel and technological advancements in the field are expected to have a positive impact on the global market for sustainable aviation fuel. Several organizations and government agencies are working to introduce newer manufacturing techniques into the global sustainable aviation fuel market. When compared to different sustainable aviation fuel products, such as different fuel types, the demand for biofuel stands out as the fuel that is currently in high demand.
In recent years, sustainable aviation fuel has registered an exponential surge in demand from the commercial aviation industry, with high demands for business and general aviation. Additionally, due to the increasing environmental concerns, sustainable aviation fuel has grown in significance during the past few years. For instance, in May 2023, Neste signed an agreement with ITOCHU, which extended its collaboration in order to represent Neste MY Renewable Diesel as an authorized distributor in Japan. Based on this arrangement, Neste MY Renewable Diesel's market reach would be increased, for instance, to the region around Osaka in order to supply the fuel for the 2025 Osaka-Kansai Japan Expo building site.
Sustainable Aviation Fuel Market Segmentation:
Segmentation 1: by Application
Commercial Aviation Application to Continue its Dominance as the Leading Application Segment in Sustainable Aviation Fuel Market
Based on application, the sustainable aviation fuel market is led by the commercial aviation segment. Increasing environmental concerns and volatile jet fuel prices are expected to drive the growth of the sustainable aviation fuel market.
Given that commercial aviation contributes significantly to the world's greenhouse gas emissions, it is the greatest consumer of sustainable aviation fuel (SAF). The environmental effect of aviation has evolved into a critical issue as air travel continues to expand quickly. By lowering the carbon impact of airplanes, SAF provides a possible alternative. Commercial airlines have adopted SAF as a way to meet their sustainability objectives because they understand the urgent need to switch to greener fuels. The aviation industry is a great sector for promoting the demand for and supply of sustainable aviation fuel because it has the size and infrastructure to facilitate widespread SAF adoption. Commercial aviation contributes significantly to reducing climate change and promoting a more environment-friendly future by setting the standard for SAF usage.
Segmentation 2: by Engine Type
Segmentation 3: by Fuel Type
Segmentation 4: by Manufacturing Technology
Segmentation 5: by Blending Capacity
Segmentation 6: by Region
Recent Developments in the Sustainable Aviation Fuel Market
Demand - Drivers and Limitations
Market Demand Drivers:
Volatile Jet Fuel Prices: The market for sustainable aviation fuel (SAF) can grow as a result of the volatility of jet fuel costs. Jet fuel price fluctuations may have a significant influence on an airline's operational expenses and profitability, making the search for alternate and more reliable sources of fuel more and more appealing. Airlines can safeguard themselves against price volatility, lessen their vulnerability to unpredictably high fuel prices, and increase their long-term financial stability by investing in SAF.
Market Challenges:
Certification and Sustainability Criteria: The market for sustainable aviation fuel (SAF) is highly dependent on certification and sustainability standards. For SAF producers and users to prove their dedication to lowering greenhouse gas emissions and environmental impact, certification and ensuring compliance with strict sustainability criteria are essential. The complexity of certification criteria, the absence of widely accepted standards, and the demand for third-party verification make it difficult to navigate this environment.
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 globally. 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), engine type (turbine engine and piston engine), product on the basis of fuel type (hydrogen fuel, biofuel, power-to-liquid fuel, and gas-to-liquid fuel), 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), and catalytic hydrothermolysis jet (CHJ), and blending capacity (below 30%, 30% to 50%, and above 50%).
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.
Data and validation have been taken into consideration from both primary sources as well as secondary sources.
Key Considerations and Assumptions in Market Engineering and Validation
Primary Research
The primary sources involve industry experts from the aviation industry and sustainable aviation fuel manufacturers and suppliers. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
Secondary Research
This study involves the usage of extensive secondary research, company websites, directories, and annual reports. It also makes use of databases, such as Spacenews, Bloomberg, Factiva, Businessweek, and others, to collect effective and useful information for a market-oriented, technical, commercial, and extensive study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as www.nasa.gov.
Secondary research was done to obtain critical information about the industry's value chain, the market's monetary chain, revenue models, the total pool of key players, and the current and potential use cases and applications.
Key Players in Sustainable Aviation Fuel Market 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.
Some prominent names established in sustainable aviation fuel market are:
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note