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The global aviation alternative fuels market is estimated to witness moderate growth during the next four years owing to the accelerated use of biofuels. Over the last decade, major European countries such as Russia, Germany, France, and the UK, and the US have been investing in aviation biofuel products. However, since biofuels are still not commercially available at competitive prices, most airline companies do not purchase them in bulk quantities. Consequently, countries such as the US and the UK are using biofuels in the form of blended fuels, which are a combination of both biofuel and jet fuel in the ratio of 1:1, to power their airlines and achieve the minimum carbon emission targets. Extensive market analysis carried out by the analysts at Technavio has shown that the global aviation alternative fuels market will grow at a CAGR of over 4% by 2020.
A key trend that spurs the prospects for market growth is the evolution of bio-ports. With the fluctuating ATF prices globally and the increasing pressure 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 aviation biofuels are both expensive and rare to find, their continued use is still a question.
The global aviation alternative fuels market is characterized by the presence of many global, regional, and local vendors. Due to the presence of a large number of vendors, the market is highly competitive, and most vendors compete on the basis of factors like rapid advances in technology, frequent changes in government policies, and environmental regulations to gain an edge over their peers. In addition, factors like in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base also play a critical role in determining the market shares of vendors.
Leading vendors in this market are -
Other prominent vendors in this market space are Amyris, AltAir Fuels, Byogy Renewables, Fulcrum BioEnergy, and Gevo.
During 2015, the Americas dominated this market but is anticipated to witness a slight decline in its market shares by the end of 2020. Much of this market’s growth in the region can be attributed to the high demand for alternative fuels from the US, where the military has been making significant investments for the development of biofuels for usage in the US Navy and the Air Force. In addition, the availability of a robust economic incentive in the region will also compel organizations to establish resources in such a way that it will decrease the use of conventional jet fuels.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Competitor landscape
PART 13: Appendix
PART 14: Explore Technavio
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