Aviation Alternative Fuels Market Trends, Challenges and Growth Drivers Analysis 2020
RnR Market Research published new report on aviation alternative fuels market. The report, Global Aviation Alternative Fuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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This report covers the present scenario and the growth prospects of the global aviation alternative fuels market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market, classified on the basis of their sales, product innovations, and geographic coverage.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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The following companies are the key players in the global aviation alternative fuels market: GE Aviation, Rolls-Royce, SkyNRG, Swedish Biofuels, and UOP. Other prominent vendors in the market are: Amyris, AltAir Fuels, Byogy Renewables, Fulcrum BioEnergy, and Gevo.
One of latest trends in the market is evolution of bio-ports. With the fluctuating global ATF prices along with the increasing pressures for GHG emissions reduction, biofuels have been considered as an appropriate substitute to achieve carbon-neutral growth. Although the present-day aircraft are 70% more fuel-efficient than the traditional ones, they consume approximately two billion barrels of jet fuel annually and result in high carbon emissions. Since, the aviation biofuels are both expensive and rare to find, their continued use is still a question.
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According to the report, one of the primary drivers in the market is growing GHG emissions. CO2 emissions are significantly increasing year-over-year. Combustion of fossil fuels (such as natural gas, coal, and oil) for energy, transportation, and certain industrial processes are some prominent examples that generate CO2 emissions. In 2014, the US in particular, emitted 5,406 million metric tons of CO2 into the atmosphere. The primary source of CO2 emissions in the US, China, and the EU-countries are the electricity and transportation industries. It is estimated that if the world adopts the smart energy (biofuels, solar, water, and wind energies) technologies, then CO2 emissions could be reduced by 15% globally by 2020.
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