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Renewable Aviation Fuel Market: By Product Type, By Application, By Process Type, and Region Forecast 2020-2031
Renewable Aviation Fuel Market: By Product Type, By Application, By Process Type, and Region Forecast 2020-2031
Renewable Aviation Fuel Market size was valued at US$ 1.1 billion in 2024 and is expected to reach US$ 24.9 billion by 2031, growing at a significant CAGR of 47.7% from 2025-2031. Renewable aviation fuel are liquid fuels that can be produced from a wide range of biomass including vegetable oils, plant materials, and animal waste. Aviation biofuels can be produced via a number of processing technologies. Different feedstock suit different process technologies depending on the physical and chemical structure of the biomass. Renewable aviation fuels, however, are already established as an alternative jet fuel option with the possibility of significant lifecycle emissions reductions (depending on feedstock and process). But because conventional jet fuel remains significantly cheaper than biojet, price support and cost reductions (e.g. through technological learning) would be required to make biojet competitive.
Sustainable aviation fuel is a specific type of gasoline that is designed to be used in planes while also increasing their efficiency. Sustainable aviation fuels are made from renewable resources and have a chemistry that is quite comparable to traditional fossil jet fuel. Increased use of sustainable aviation fuels reduces carbon emissions when compared to regular jet fuel because it replaces the fuel's lifespan. To create a sustainable environment and meet severe regulatory limits on emissions, the aviation industry is leaning toward reducing carbon footprints.
Study Period
2025-2031Base Year
2024CAGR
47.7%Largest Market
Asia-PacificFastest Growing Market
North-America
New innovations and developments are undertaken by the major players in the market which strengthens its position. For instance, research is being done on alcohol-to-jet pathway, where alcohols such as ethanol or butanol are de-oxygenated and processed into jet fuels. Furthermore, various key players are focused towards increasing production bio jet fuels which propels the growth of renewable aviation market. However, aviation biofuels are more expensive than conventional jet fuel28. As fuel costs make up a large proportion of airlines operating costs, from a financial perspective biojet does not provide sufficient benefits to justify changing fuel procurement practices. The volatility of kerosene jet fuel prices strongly linked with the price of crude oil acts as one incentive for airlines to move to biojet fuel.
Geographically, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market is one of the largest markets for both the aviation industry and renewable aviation fuel. An improving economy both at home and globally translated into a good year for the US aviation in 2017. The support from the Federal Aviation Administration is driving the consumption of biofuel in the aviation industry.The US Department of Commerce (DOC) has put import duties on foreign biodiesel volumes sourced from Indonesia and Argentina, the two leading exporters of biodiesel. This has resulted in the decline in imports. Such efforts are expected to drive the domestic production of biofuels to meet the increasing demand from the aviation sector.
Europe market is expected to be the largest market over the foreseeable future on account of huge investment in development and favorable environment regulations. Various European airline companies have tested the fuel in commercial flights which is anticipated to bolster the market growth in the region. Asia Pacific Renewable Aviation Biofuel Marketis expected to be the highest potential market region due to increasing commercial airline traffic particularly in emerging economies.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 1.1 billion |
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Market Size in 2031 |
US$ 24.9 billion |
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Market CAGR |
47.7% |
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By Product Type |
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By Application |
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By Process Type |
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By Region |
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Renewable aviation fuel market size was valued at US$ 1.1 billion in 2024 and is expected to reach US$ 24.9 billion by 2031, growing at a significant CAGR of 47.7% from 2025-2031.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Gevo, Inc., Red Rock Biofuels LLC., Honeywell International Inc., Virent Inc., Fulcrum BioEnergy, Inc., Neste Oil Corporation,, AltAir Paramount LLC
| 1.Executive Summary |
| 2.Global Renewable Aviation Fuel Market Introduction |
| 2.1.Global Renewable Aviation Fuel Market - Taxonomy |
| 2.2.Global Renewable Aviation Fuel Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Process Type |
| 2.2.4.Region |
| 3.Global Renewable Aviation Fuel Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Renewable Aviation Fuel Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Renewable Aviation Fuel Market By Product Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Algal Biofuels |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Plant Biofuels |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Renewable Aviation Fuel Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Commercial |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Defence |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Renewable Aviation Fuel Market By Process Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Hydroprocessed fatty acids and esters |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Fischer-Tropsch (FT) |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Renewable Aviation Fuel Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Renewable Aviation Fuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Algal Biofuels |
| 9.1.2.Plant Biofuels |
| 9.1.3.Others |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Commercial |
| 9.2.2.Defence |
| 9.3. Process Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hydroprocessed fatty acids and esters |
| 9.3.2.Fischer-Tropsch (FT) |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Renewable Aviation Fuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Algal Biofuels |
| 10.1.2.Plant Biofuels |
| 10.1.3.Others |
| 10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Commercial |
| 10.2.2.Defence |
| 10.3. Process Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hydroprocessed fatty acids and esters |
| 10.3.2.Fischer-Tropsch (FT) |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 10.4.7. |
| 11.Asia Pacific (APAC) Renewable Aviation Fuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Algal Biofuels |
| 11.1.2.Plant Biofuels |
| 11.1.3.Others |
| 11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Commercial |
| 11.2.2.Defence |
| 11.3. Process Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hydroprocessed fatty acids and esters |
| 11.3.2.Fischer-Tropsch (FT) |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Renewable Aviation Fuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Algal Biofuels |
| 12.1.2.Plant Biofuels |
| 12.1.3.Others |
| 12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Commercial |
| 12.2.2.Defence |
| 12.3. Process Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hydroprocessed fatty acids and esters |
| 12.3.2.Fischer-Tropsch (FT) |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Renewable Aviation Fuel Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Algal Biofuels |
| 13.1.2.Plant Biofuels |
| 13.1.3.Others |
| 13.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Commercial |
| 13.2.2.Defence |
| 13.3. Process Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hydroprocessed fatty acids and esters |
| 13.3.2.Fischer-Tropsch (FT) |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Gevo, Inc. |
| 14.2.2.Red Rock Biofuels LLC. |
| 14.2.3.Honeywell International Inc. |
| 14.2.4.Virent Inc. |
| 14.2.5.Fulcrum BioEnergy, Inc. |
| 14.2.6.Neste Oil Corporation, |
| 14.2.7.AltAir Paramount LLC |
| 14.2.8.G. Preston Company |
| 14.2.9.SkyNRG BV |
| 14.2.10.Eni SpA Total S.A |
| 14.2.11.BP PLC |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.