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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Technavio
is a leading global technology research and advisory company. The
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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
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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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