November 8, 2016 - 4:40 PM EST
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Top 5 Vendors in the Aviation Alternative Fuels Market from 2016 to 2020: Technavio

Technavio has announced the top five leading vendors in their recent global aviation alternative fuels market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

The market is dominated by the aviation turbine fuel (ATF) segment owing to the uncertainty associated with the production of aviation biofuels. On the other hand, the feedstock (crude oil) used to produce ATF is conveniently available. Moreover, the recent decline in oil prices, during 2014-2015, helped the airlines to attain profits due to the reduction in ATF prices. Low ATF prices have cut down the procurement of biofuels or associated components, as their prices are high in comparison to the standard ATF prices.

Competitive vendor landscape

The global aviation alternative fuels market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth.

The global aviation alternative fuels market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-effective and high-quality alternative fuels or biofuels to survive and succeed in an intensely competitive market environment,” says Avimanyu Basu, a lead aerospace components analyst from Technavio.

The aviation industry has been undergoing consolidation since 2011 as the Chinese, the US, and European governments have imposed strict environment protection regulations to reduce carbon emissions caused by airlines. In addition, the declining prices of ATF will likely present a significant challenge for biofuel producers.

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Top five aviation alternative fuels market vendors

GE Aviation

GE Aviation specializes in the development and manufacturing of jet, turboprop, and turboshaft engines, components, and integrated systems to address the demands of commercial, military, business, and general aviation aircraft. The company directs significant efforts in deriving fuels from alternative sources for aircraft engines.

Rolls-Royce

To demonstrate the viability of algae as an appropriate alternative for kerosene in aviation fuel, Rolls-Royce collaborated with EADS in 2013, and developed a hybrid propulsion system that is driven by a combination of electricity and biofuel from algae. The new hybrid system is expected to deliver similar performance as compared to conventional jet fuel and result in 75% less carbon emission.

SkyNRG

SkyNRG maintained an effectual supply chain to develop biofuels and established a Sustainability Board (consisting of reputed NGOs and scientists for advice on feedstock procurement and technology decisions) to analyze the efficacy of the supply chain. The company is also a member of the RSB. It is the only company that can deliver RSB-certified sustainable jet fuel into a wing of an aircraft.

Swedish Biofuels

The Swedish Biofuels' fully synthetic jet fuel process uses grain or wood as the feedstock, which is converted into a sugar solution for biochemical synthesis. The sugar solution gets fermented into a mixture of C2-C5 alcohols, which in turn, is converted into a mixture of C4-C20 hydrocarbons. The mixture of hydrocarbons is treated to obtain biological gasoline, kerosene, and diesel. This innovative process controls the proportion of kerosene, gasoline, and diesel production along with control of properties of energy density, freeze point, flash point, and chemical structure. The product, i.e., the aviation fuel has already been tested at the US Air Force facility at Wright-Patterson Air Force Base with satisfactory results.

UOP

UOP is a wholly owned subsidiary of Honeywell International, which is a part of Honeywell’s Performance Materials and Technologies strategic business group. Honeywell’s UOP Renewable Jet Fuel Process technology was developed as a part of a project for the US DARPA directed toward the production of renewable jet fuel for the US military jets in 2007.

The other prominent vendors are:

  • Amyris
  • AltAir Fuels
  • Byogy Renewables
  • Fulcrum BioEnergy
  • Gevo

All product names, brands and trademarks are the property of their respective owners.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 208 123 1770
www.technavio.com


Source: Business Wire (November 8, 2016 - 4:40 PM EST)

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