The global alcohol to jet market is expected to grow at a CAGR of around 13% during the forecast period of 2023-2030 and is estimated at US$ 1.2 billion in 2023.
Major variables affecting the alcohol-to-jet (ATJ) market include the pursuit of net-zero emission targets and the growing awareness of climate change. ATJ is a sustainable aviation fuel (SAF) made from renewable resources including agricultural waste, repurposed crops, or agricultural residues. The demand for alternative aviation fuels like alcohol to jet has increased as the aviation industry works to lessen its impact on the environment and move towards more sustainable practices.
A sizable portion of the world’s carbon emissions are caused by the aviation sector. Reduced greenhouse gas emissions from airline operations are urgently needed as concerns about climate change intensify. Alcohol to jet, a low-carbon or even carbon-neutral fuel, could help reduce aviation’s carbon footprint.
Rise in Adoption of Alcohol to Jet Fuel Along with Stringent Regulations
The demand for and use of sustainable aviation fuels (SAFs), such as ATJ, is influenced by both the increasing use of alcohol to jet (ATJ) fuel and strict regulations. As pressure mounts on the aviation sector to address climate change and lower its carbon footprint.
The aviation industry is a substantial source of greenhouse gas emissions, principally carbon dioxide. The necessity to reduce the industry’s carbon emissions in order to lessen its influence on climate change is what motivates the implementation of ATJ and other SAFs. A number of causes, including efforts to combat climate change, the demand for renewable and sustainable alternatives, technological breakthroughs, regulatory support, and industry-wide cooperation, have contributed to the rise in the use of alcohol for jet fuel (ATJ). The adoption of cleaner and more sustainable fuels like alcohol to jet by the aviation industry, which eventually aids in efforts to battle climate change and create a more environmentally conscious aviation industry, depends critically on stringent regulations.
North America Significantly Drives Global Alcohol to Jet Market Growth
The global alcohol to jet adoption has been in the vanguard of SAF adoption in North America, particularly in the US. In addition, the US government has financed SAF and biofuel research and development, which has aided in the expansion of alcohol to jet efforts. Alcohol to jet experiments and demonstrations have been driven by collaboration between airlines, fuel companies, and research institutes.
European nations’ strict emissions reduction targets have resulted in laws and rules favorable to the implementation of SAF, especially alcohol to jet. To the advantage of alcohol to jet initiatives, SAF development has received both public and private funding. European aviation stakeholders are actively involved in initiatives for Sustainable Aviation, which is driving up demand for alcohol to jet.
Market Structure and Competitive Landscape
The global alcohol to jet market is fragmented in nature with the presence of various players operating in the market. Some of the prominent players operating in the alcohol to jet market include Gevo Inc., LanzaJet Inc, Hypoint Inc, Suncor Energy Inc, Cosmo Oil Co. Ltd., PNNL, FLITE Consortium, Marquis ASF, SkyNRG, Neste oyj, and Mitsui & Co., Ltd, among others.
Key Market Segmentation
RationalStat has segmented the global alcohol to jet market based on feedstock, product, process, technology, application and region.
- By Feedstock
- By Product
- Jet Fuel
- By Process
- GTL/FT Process
- HEFA Process
- By Technology
- By Application
- Commercial Aircraft
- Regional Transport Aircraft
- Military Aviation
- Business & General Aviation
- Unmanned Aerial Vehicles
- By Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- South Korea
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- North America
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Frequently Asked Questions (FAQs)
The global alcohol to jet market is anticipated to grow at a CAGR of approximately 13% during the forecast period 2023-2030.
The global alcohol to jet market is estimated at US$ 1.2 billion in 2023.
Increase in awareness about climate change and net zero emission target to drive the global alcohol to jet market.
North America holds the major share of the global alcohol to jet market.
Leading Companies operating in the global alcohol to jet market include Gevo Inc., LanzaJet Inc, Hypoint Inc, Suncor Energy Inc, Cosmo Oil Co. Ltd., PNNL, FLITE Consortium, Marquis ASF, SkyNRG, Neste oyj, Mitsui & Co., Ltd, etc.