Alcohol-to-Jet Market is set to Gain Increased Traction (2024-2028) 180 Pages Report

Government regulations mandating the use of sustainable aviation fuels (SAFs) and increasing investment in SAF production by governments and private companies are expected to drive the market in the forecast period.

According to the TechSci Research report "Alcohol-to-Jet Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028", the Global Alcohol-to-Jet Market reached USD 2.08 billion in 2022 and is projected to grow at a CAGR of 5.19% during the forecast period. Technological advancements in ATJ production processes are instrumental in market growth. Ongoing research and development endeavors are enhancing the efficiency and cost-effectiveness of conversion processes like Fischer-Tropsch synthesis, utilized for ATJ fuel production. These improvements enhance the competitiveness of ATJ fuels compared to traditional jet fuels, driving their adoption.

The global emphasis on environmental sustainability and the aviation industry's adherence to stringent emissions regulations are key drivers of the ATJ market. Conventional aviation fuels, derived from fossil sources, significantly contribute to greenhouse gas emissions. To address the pressing need for carbon footprint reduction, airlines and governments worldwide are seeking cleaner alternatives. ATJ fuels, derived from renewable feedstocks such as alcohol, offer a viable solution by substantially reducing emissions and aiding the aviation sector in achieving emission reduction goals.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Alcohol-to-Jet Market.” 

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The Global Alcohol-to-Jet Market is categorized by feedstock, product, technology, application, and region. In terms of feedstock, the Ethanol segment led the market in 2022 and is anticipated to maintain its dominance in the forecast period. Ethanol, widely used in beverage and biofuel industries, benefits from established production infrastructure, ensuring availability and cost-effectiveness compared to other feedstocks like butanol or methanol. Ethanol's compatibility with existing ATJ production processes, such as Fischer-Tropsch synthesis, simplifies the transition to ATJ production for facilities experienced in ethanol processing. Its derivation from diverse renewable sources like corn, sugarcane, and cellulosic biomass enhances production resilience and cost-competitiveness, especially when sourced from corn and sugarcane. Additionally, ethanol is considered environmentally friendly, aligning with aviation industry sustainability goals.

Regarding technology, the Dehydration segment dominated the market in 2022 and is poised for rapid growth. Dehydration processes, extensively used in the petrochemical industry, boast reliability and efficiency. Their versatility accommodates various alcohol feedstocks, including ethanol, allowing producers flexibility based on factors like availability and sustainability. High efficiency in converting alcohol feedstocks into olefins or synthetic hydrocarbons minimizes waste, enhancing cost-effectiveness. The adaptability of dehydration technology for integration into existing infrastructure reduces capital investment barriers, facilitating market growth.

Major companies operating in the Global Alcohol-to-Jet Market are:

  • LanzaTech Global
  • Gevo Inc
  • SkyNRG BV
  • Fulcrum BioEnergy Inc
  • Hypoint Inc
  • PNNL
  • Neste Oyj
  • Marquis SAF
  • FLITE Consortium
  • Mitsui & Co. Ltd

 

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"The Global Alcohol-to-Jet (ATJ) market is poised for significant growth, with a notable CAGR projected during the forecast period. Increasing investment in sustainable aviation fuel (SAF) production by governments and private companies worldwide is a key driver for the ATJ fuel market. Moreover, growing awareness of the environmental benefits of SAFs among airlines and aircraft manufacturers is further propelling market growth. Additionally, government regulations mandating the use of SAFs in the aviation sector are contributing to market expansion. For instance, the European Union aims to blend 5% SAFs into all jet fuel by 2030, driving demand for ATJ fuel. Therefore, the Alcohol-to-Jet market is anticipated to witness substantial growth in the coming years."

The report "Alcohol-to-Jet Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" evaluates the growth potential of the Global Alcohol-to-Jet Market. It provides comprehensive insights into market size, structure, and future growth trends, aiming to offer valuable market intelligence for decision-makers. Additionally, the report identifies and analyzes emerging trends, essential drivers, challenges, and opportunities in the Global Alcohol-to-Jet Market.

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