Press release
Bio Jet Fuels Market to Partake Significant Development during 2030
Bio Jet Fuel is made from sustainable sources such as vegetable oils, sugars, animal fats, and even waste biomass which can be used in existing jet engines without modification. It is a renewable aviation fuel that is different from conventional jet fuel as they are not made from petroleum, yet are molecularly identical. Bio jet fuel or Sustainable Aviation Fuel is a specialized form of petroleum-based fuel used for powering jet and turbo-propelled engine aircraft. The need for sustainable green energy development is increasing considerably across the world. The increasing CO2 content in the environment lead to a surge in global warming in recent years, around 60-70% of the CO2 emissions across the globe are mostly due to the use of conventional aviation fuel flights.
Access the Full Report @ https://www.alliedmarketresearch.com/bio-jet-fuel-market
The aviation industry has a keen interest in bringing down the carbon footprint to achieve a sustainable environment and meet the stringent regulatory standards on emissions. The rise in air travel and the expansion of commercial airlines across the entire aviation industry led to an increase in the demand for sustainable aviation fuel as a long-term solution for reducing greenhouse gas emissions. The increase in innovation and development of technology in the improvement of the efficiency of the extraction of biofuels from biomass has a positive impact on the future development of the market. The increase in investment of major airlines in the procurement of bio jet fuel from biofuel producers to improve the overall life of the aircraft and to follow the government regulations to reduce carbon emissions are major factors driving the growth of the market.
With the increase in the technology to extract biofuels from non-food crops with economical cost, the government policies and initiatives to support the green industries which can provide extra income to the farmers and also reduce the carbon emission during the improper handling of agricultural waste. In addition to the presence of global fuel giants such as Shell has reached various partnerships, collaborations, and acquisitions in regard to the biofuel-related companies in order to commercialize biofuel, which will create opportunities for the growth of the Bio jet fuels market.
In addition to the above-mentioned factors, these bio jet fuels can be used in the aviation sector using the existing infrastructure led to the reduction in the external infrastructure which is used in airports and other transportation places is another positive factor for the growth of the market.
The rapid innovation and investment of new entrants to develop alternative Jet Fuels and the presence of very few refineries to meet the ongoing demand for biofuels is a negative impact on the development of the market. The stringent regulation of the government to the manufacturer to follow the guidelines has led to additional investment in the biofuel producer. The low availability of fuel has limited the blending capacity of the fuel which led to the lowering of the efficiency. The above-mentioned factors are all hampering the development of the bio-jet fuel market during the forecast period.
Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/5942
The Bio jet fuels market is segmented on the basis of feedstock and technology, type, application, and region.
On the basis of feedstock and technology, the global Bio jet fuels market is segmented into First generation, Second generation, Third generation, and Fourth generation. On the basis of type, the market is segmented into hydrogenated vegetable oil and Fischer-Tropsch. On the basis of application, the global Bio jet fuel market is segmented into commercial, military, and private.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in the bio-jet fuels industry include Archer Daniels Midland Company, Argent Energy, GEVO, Honeywell International Inc., KFS Biodiesel GmbH & Co KG, Petrosun, Inc., Red Rock Biofuels, Shirke energy, Targray Technology International Inc., and Vega Biofuels. Rapid urbanization, air transportation infrastructure in emerging economies, and an increase in awareness among the people and the business elites regarding the impact of the application of conventional fuels in the aviation sector, especially over the environment have fuelled the demand for Bio jet fuels as it could reduce the carbon emission by 60-70%. Additional growth strategies such as the expansion of production capacities, acquisition, and partnership in the development of innovative products from manufacturers have helped to attain key developments in the global Bio jet fuels market trends.
Impact Of Covid-19 On The Global Bio Jet Fuels Market
• Emergence of COVID-19 had a negative impact on the growth of the Bio Jet Fuels market during this period.
• This impact is mostly attributed to the significant disruptions in raw material transportation, and the presence of low labor, which led to the shutdown of many manufacturing industries led to the decline of demand power hence a decrease in the demand for the Bio Jet Fuels market during this period.
• The decrease in demand for many non-essential products and shut down of electrical, automotive, and other manufacturing-related industries has created a negative impact on the development of Bio Jet Fuel market
• The increasing demand for environment-friendly manufacturing products and increase in awareness among people towards the environment will hamper the growth of the Bio Jet Fuels market.
• Thus, the abovementioned factors are expected to have a great impact on the development of Bio Jet Fuels market growth in this forecast period.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5942
Key findings of the study
• By region, the North America Bio Jet Fuel market accounted for the largest market share in 2020.
• By type of feedstock and technology, the Second Generation segment accounted for the largest market share in 2020.
• By type, the Hydrogenated Vegetable Oil segment accounted for the largest market share in 2020.
• By application, the commercial segment accounted for the largest market share in 2020.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Access the Full Report @ https://www.alliedmarketresearch.com/bio-jet-fuel-market
The aviation industry has a keen interest in bringing down the carbon footprint to achieve a sustainable environment and meet the stringent regulatory standards on emissions. The rise in air travel and the expansion of commercial airlines across the entire aviation industry led to an increase in the demand for sustainable aviation fuel as a long-term solution for reducing greenhouse gas emissions. The increase in innovation and development of technology in the improvement of the efficiency of the extraction of biofuels from biomass has a positive impact on the future development of the market. The increase in investment of major airlines in the procurement of bio jet fuel from biofuel producers to improve the overall life of the aircraft and to follow the government regulations to reduce carbon emissions are major factors driving the growth of the market.
With the increase in the technology to extract biofuels from non-food crops with economical cost, the government policies and initiatives to support the green industries which can provide extra income to the farmers and also reduce the carbon emission during the improper handling of agricultural waste. In addition to the presence of global fuel giants such as Shell has reached various partnerships, collaborations, and acquisitions in regard to the biofuel-related companies in order to commercialize biofuel, which will create opportunities for the growth of the Bio jet fuels market.
In addition to the above-mentioned factors, these bio jet fuels can be used in the aviation sector using the existing infrastructure led to the reduction in the external infrastructure which is used in airports and other transportation places is another positive factor for the growth of the market.
The rapid innovation and investment of new entrants to develop alternative Jet Fuels and the presence of very few refineries to meet the ongoing demand for biofuels is a negative impact on the development of the market. The stringent regulation of the government to the manufacturer to follow the guidelines has led to additional investment in the biofuel producer. The low availability of fuel has limited the blending capacity of the fuel which led to the lowering of the efficiency. The above-mentioned factors are all hampering the development of the bio-jet fuel market during the forecast period.
Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/5942
The Bio jet fuels market is segmented on the basis of feedstock and technology, type, application, and region.
On the basis of feedstock and technology, the global Bio jet fuels market is segmented into First generation, Second generation, Third generation, and Fourth generation. On the basis of type, the market is segmented into hydrogenated vegetable oil and Fischer-Tropsch. On the basis of application, the global Bio jet fuel market is segmented into commercial, military, and private.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in the bio-jet fuels industry include Archer Daniels Midland Company, Argent Energy, GEVO, Honeywell International Inc., KFS Biodiesel GmbH & Co KG, Petrosun, Inc., Red Rock Biofuels, Shirke energy, Targray Technology International Inc., and Vega Biofuels. Rapid urbanization, air transportation infrastructure in emerging economies, and an increase in awareness among the people and the business elites regarding the impact of the application of conventional fuels in the aviation sector, especially over the environment have fuelled the demand for Bio jet fuels as it could reduce the carbon emission by 60-70%. Additional growth strategies such as the expansion of production capacities, acquisition, and partnership in the development of innovative products from manufacturers have helped to attain key developments in the global Bio jet fuels market trends.
Impact Of Covid-19 On The Global Bio Jet Fuels Market
• Emergence of COVID-19 had a negative impact on the growth of the Bio Jet Fuels market during this period.
• This impact is mostly attributed to the significant disruptions in raw material transportation, and the presence of low labor, which led to the shutdown of many manufacturing industries led to the decline of demand power hence a decrease in the demand for the Bio Jet Fuels market during this period.
• The decrease in demand for many non-essential products and shut down of electrical, automotive, and other manufacturing-related industries has created a negative impact on the development of Bio Jet Fuel market
• The increasing demand for environment-friendly manufacturing products and increase in awareness among people towards the environment will hamper the growth of the Bio Jet Fuels market.
• Thus, the abovementioned factors are expected to have a great impact on the development of Bio Jet Fuels market growth in this forecast period.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5942
Key findings of the study
• By region, the North America Bio Jet Fuel market accounted for the largest market share in 2020.
• By type of feedstock and technology, the Second Generation segment accounted for the largest market share in 2020.
• By type, the Hydrogenated Vegetable Oil segment accounted for the largest market share in 2020.
• By application, the commercial segment accounted for the largest market share in 2020.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
