Aviation Fuel Market report examines valuable growth prospects and future insights industry analysis, growth factor new trend till 2025


Posted January 3, 2020 by nita01

Market Research Future has found that the global aviation alternative fuel market is expected to register a CAGR of more than 10% during the forecast period of 2018 to 2023.
 
Market Insights

Aviation Fuel Market Research Report - Global Forecast till 2025 , Alternative fuels have gathered a lot of attention and popularity over the last few years due to its various advantages over conventional fuel and a shifting global preference. Aviation alternative fuel is similarly gaining ground rapidly due to increasing demand for air travel. Market Research Future has found that the global aviation alternative fuel market is expected to register a CAGR of more than 10% during the forecast period of 2018 to 2023.

Aviation alternative fuels have been found to be more ecologically sustainable and easy to maintain as compared to conventional fossil fuel based aviation fuel. Advancements in biofuels have resulted in strong competition for petroleum aviation fuels. Alternative aviation fuels are safe and offer improved performance. Globally, environmental consciousness has taken root and governments as well as private organizations are investing significant funds in research and development of alternative fuels in an effort to reduce their carbon footprint.

Technological developments have contributed significantly to the ease in manufacturing these alternative aviation fuels as well as their cost, making them more affordable than when they were first developed, thus driving the market.  Moreover, with the aviation industry growing at a rapid pace, and the increasing demand for air travel and general increase in air traffic is expected to boost the demand for aviation alternative fuels.

Biodiesel is challenging to store for long durations of time, thus restraining market growth. Moreover, biofuels directly compete with agriculture and food production, for resources which further challenges market growth. Notably, ongoing research and development in the field is likely to open up various avenues for growth in the coming years.

Aviation Fuel Market Key Players

Aquaflow Bionomic Corporation,  Swedish Biofuels AB, Solazyme, Honeywell UOP, Imperium Renewables Inc., Renewable Energy Group Inc., Fulcrum BioEnergy Inc., Altair Fuel, SkyNRG, and Total S.A.are among the key market participants that have been included in MRFR's analysis of the competitive landscape of the the global aviation alternative fuels market. Their growth strategies and market contributions have been recorded and analyzed in the report.

Latest Industry News

Virgin and LanzaTech have entered into a partnership in an effort to move closer toward embracing alternative jet fuel.
Neste and Air BP have agreed to jointly explore opportunities that allow them to successfully offer aviation alternative fuels. Co-branded sustainable fuel is expected to be marketed across Air BP's global network.
 

Global Aviation Fuel Market: Information by Fuel Type (Jet Fuel, Avgas, Biogas, CNG, LNG, and others), Application (Commercial, Military, and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025 @ https://www.marketresearchfuture.com/reports/aviation-fuel-market-8418
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Tags aviation fuel market , aviation fuel market share , aviation fuel market size
Last Updated January 3, 2020