Aviation Alternative Fuels Market - 4.29% CAGR Grow to 2020

(ReportsNReports/Free Press Release Center) ReportsnReports.com adds Global Aviation Alternative Fuels Market 2016-2020 latest research report, this analyst forecast the global aviation alternative fuels market to grow at a CAGR of 4.29% during the period 2016-2020.

2016 global aviation alternative fuels market research says one of latest trends in the market is evolution of bio-ports. With the fluctuating global ATF prices along with the increasing pressures 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, the aviation biofuels are both expensive and rare to find, their continued use is still a question.

According to the aviation alternative fuels market report, one of the primary drivers in the market is growing GHG emissions. CO2 emissions are significantly increasing year-over-year. Combustion of fossil fuels (such as natural gas, coal, and oil) for energy, transportation, and certain industrial processes are some prominent examples that generate CO2 emissions. In 2014, the US in particular, emitted 5,406 million metric tons of CO2 into the atmosphere. The primary source of CO2 emissions in the US, China, and the EU-countries are the electricity and transportation industries. It is estimated that if the world adopts the smart energy (biofuels, solar, water, and wind energies) technologies, then CO2 emissions could be reduced by 15% globally by 2020.

The following companies are the key players in the global aviation alternative fuels market: GE Aviation, Rolls-Royce, SkyNRG, Swedish Biofuels, and UOP. Other prominent vendors in the market are: Amyris, AltAir Fuels, Byogy Renewables, Fulcrum BioEnergy, and Gevo. Order a copy of Global Aviation Alternative Fuels Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=749290

The vendors in the aviation alternative fuels market are investing in the development of new biofuel projects. Leading manufacturers are undertaking R&D activities production and sustainment of aviation biofuel in the global market. For instance, British Airways and Solena Fuels partnered with Thurrock, to produce around 120,000 metric tons of aviation biofuel from 2017

The competition in aviation alternative fuels market is very intense due to the presence of several regional and international players. Factors like intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations act as an entry barrier for all the new entrants in the market. The vendors in the market are competing on the basis of cost, product quality, reliability, and aftermarket service.

Global Aviation Alternative Fuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global aviation alternative fuels market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market, classified on the basis of their sales, product innovations, and geographic coverage.

Further, the aviation alternative fuels market report states that one major challenge in the market is sparse availability of feedstock for biofuels. Biofuel can be synthesized from different feedstocks. Also, the quality of the biofuel is very much dependent on the feedstock used in the making of the fuel.

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