Key vendors are introducing sustainable second-generation biofuels to increase sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global aviation alternative fuels market in their latest research report. This report also lists 5 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts presents a report on 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.
This Technavio report, under aerospace components vertical, is based on the synthesis, analysis, and interpretation of information about the global aviation alternative fuels market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the 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. The companies are focusing on in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base to gain a competitive advantage over other players in the market. The vendors are offering cost-effective and high-quality alternative fuels or biofuels to sustain the competition in the market. The companies are also investing in new technologies to introduce innovative products that reduce carbon emissions.
“The vendors in the 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,” says Avimanyu Basu, a lead analyst at Technavio for research on aerospace components.
Top five vendors in the aviation alternative fuels market space
GE Aviation
The company develops and manufactures jet, turboprop, and turboshaft engines, components, and integrated systems primarily to meet the demands of the commercial, military, business, and general aviation aircraft industries. It also directs significant efforts in deriving fuels from alternative sources for aircraft engines.
Rolls-Royce
Rolls-Royce is one of the major aircraft engine manufacturers and is currently focusing on algae-powered aircraft. The company recently 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 around 75% less carbon emission.
SkyNRG
The company is focusing on the development of next-generation biofuel and collaborates with airlines and airports globally to develop an infrastructure for financing regional sustainable jet fuel supply chains termed bio-ports. The company’s bio-port development model covers energy security, reduced price volatility, development of local communities and rural areas. It is also a member of the RSB and is the only company that can deliver RSB-certified sustainable jet fuel into a wing of an aircraft.
Swedish Biofuels
Swedish Biofuels develops its proprietary BioJet Fuel that is represented as a fully biological jet fuel for the aviation market. The company has developed the product as part of the project funded by the US Defense Advanced Research Projects Agency (DARPA). The company has technology enables the low-carbon ethanol, produced by LanzaTech, to be converted to aviation fuel translating to a 45%-50% savings in carbon emissions.
UOP
The company is a wholly-owned subsidiary of Honeywell International, and UOP Renewable Jet Fuel Process technology was developed for a project by US DARPA for the production of renewable jet fuel for the US military jets. Recently, the company partnered with AltAir Fuels to produce renewable jet fuel as well as other renewable products using the UOP process technology.
Other prominent vendors in this market include Amyris, AltAir Fuels, Byogy Renewables, Fulcrum BioEnergy, and Gevo.
A more detailed analysis is available in the Technavio report, Global Aviation Alternative Fuels Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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