Sustainable Alternative Fuels Market - Global Sustainable Alternative Fuels Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -

PUBLISHED: September 11, 2023

PAGES: 240 Pages

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Description

Global Sustainable Alternative Fuels Market to Reach US$50 Billion by 2030, Fueled by Aviation Industry's Green Initiatives.

The global sustainable alternative fuels market is poised for remarkable growth, with a projected valuation of approximately US$50 billion by 2030. The market is expected to expand at a robust CAGR of 15% between 2023 and 2030, driven by the increasing emphasis on reducing greenhouse gas emissions, particularly in the aviation sector.

Fueling a Greener Future

The market for sustainable alternative fuels encompasses a range of options, including natural gas, biodiesel, ethanol, and hydrogen. Currently, natural gas commands the largest share of revenue in the market, thanks to its wide availability and extensive use in automobiles, including the use of LPG in light commercial vehicles. These alternative fuels are considered environmentally beneficial as they produce minimal pollution. In the aviation sector, stakeholders are actively exploring alternatives, such as renewable jet fuels and innovations like redesigning aero-engines and deploying hybrid and all-electric aircraft.

Key Report Findings:

Market Expansion: The sustainable alternative fuels market is expected to witness significant revenue growth between 2023 and 2030, driven by several key factors.

Aviation Industry's Embrace of Sustainability: The aviation industry is making substantial efforts to reduce greenhouse gas emissions. Sustainable aviation fuels offer a promising solution, with the potential to reduce CO2 emissions by up to 80% compared to fossil jet fuel over the fuel's lifecycle. These fuels are a crucial component of the industry's commitment to decouple emissions from increasing air passenger traffic.

Biofuel Dominance: Among sustainable alternative fuels, biofuels maintain a strong demand, contributing to the market's growth.

Automotive Leadership: The automotive sector holds the highest revenue share in the sustainable alternative fuels market in 2022, with increasing adoption driven by growing concerns about air pollution, rising fuel prices, and the depletion of non-renewable resources.

Regional Dynamics: Asia Pacific is set to lead the market, with North America experiencing the strongest growth through 2030.

Driving Forces

Aviation Industry's Reduced GHG Emissions Focus: Sustainable aviation fuels are instrumental in helping the aviation industry reduce its carbon emissions. These fuels offer a remarkable reduction in CO2 emissions compared to fossil jet fuel, contributing to the industry's environmental goals.

Demand for Cleaner, Low-Carbon Fuels: The growing popularity of alternative fuel vehicles, such as electric vehicles, is driven by increasing air pollution levels and concerns about non-renewable resource depletion. Government initiatives, investment in renewable energy sources, and strict emissions regulations are boosting the adoption of cleaner, sustainable fuels.

Challenges Ahead

Fluctuating Raw Material Supply: The sustainable alternative fuels market relies on various raw materials, including oil crops, sugar crops, algae, and waste oil. Inconsistent raw material supply can hinder market growth, affecting fuel availability and efficiency.

Regional Opportunities

Asia Pacific Leads the Way: Asia Pacific is expected to continue dominating the sustainable alternative fuels market due to strong government support, increased awareness of renewable resources, and a growing emphasis on environmental sustainability.

North America's Lucrative Market: North America is poised for significant growth due to heightened climate change awareness, high-income levels, and a shift away from non-renewable fuels.

Sustainable Alternative Fuels Market: Competitive Landscape

Leading players in the sustainable alternative fuels market include: Neste, Archer Daniel Midland, Renewable Energy Group, Cosan, Australian Renewable Fuels Limited, BlueFire Ethanol Fuels, Inc., and Coskata, Inc.

1. Executive Summary

1.1. Global Sustainable Alternative Fuels Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume/Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics

3.1. Global Sustainable Alternative Fuels Production, 2018 - 2022
3.2. Sustainable Alternative Fuels Import Statistics, 2018 - 2022
3.3. Sustainable Alternative Fuels Export Statistics, 2018 - 2022

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Global Average Price Analysis, by Service, US$ per Kg
4.2. Prominent Factors Affecting Sustainable Alternative Fuels Prices
4.3. Global Average Price Analysis, by Region, US$ per Kg

5. Global Sustainable Alternative Fuels Market Outlook, 2018 - 2030

5.1. Global Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Natural Gas
  - 5.1.1.2. Biodiesel
  - 5.1.1.3. Ethanol
  - 5.1.1.4. Hydrogen
  - 5.1.1.5. Renewable Diesel
  - 5.1.1.6. Misc.
5.2. Global Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Automotive
  - 5.2.1.2. Industrial
  - 5.2.1.3. Military & Defence
  - 5.2.1.4. Aviation
  - 5.2.1.5. Misc.
5.3. Global Sustainable Alternative Fuels Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Sustainable Alternative Fuels Market Outlook, 2018 - 2030

6.1. North America Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Natural Gas
  - 6.1.1.2. Biodiesel
  - 6.1.1.3. Ethanol
  - 6.1.1.4. Hydrogen
  - 6.1.1.5. Renewable Diesel
  - 6.1.1.6. Misc.
6.2. North America Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Automotive
  - 6.2.1.2. Industrial
  - 6.2.1.3. Military & Defence
  - 6.2.1.4. Aviation
  - 6.2.1.5. Misc.
- 6.2.2. Market Attractiveness Analysis
6.3. North America Sustainable Alternative Fuels Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 6.3.1.2. U.S. Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 6.3.1.3. Canada Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 6.3.1.4. Canada Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Sustainable Alternative Fuels Market Outlook, 2018 - 2030

7.1. Europe Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Natural Gas
  - 7.1.1.2. Biodiesel
  - 7.1.1.3. Ethanol
  - 7.1.1.4. Hydrogen
  - 7.1.1.5. Renewable Diesel
  - 7.1.1.6. Misc.
7.2. Europe Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Automotive
  - 7.2.1.2. Industrial
  - 7.2.1.3. Military & Defence
  - 7.2.1.4. Aviation
  - 7.2.1.5. Misc.
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Sustainable Alternative Fuels Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.2. Germany Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.3. U.K. Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.4. U.K. Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.5. France Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.6. France Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.7. Italy Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.8. Italy Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.9. Russia Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.10. Russia Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.11. Rest of Europe Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 7.3.1.12. Rest of Europe Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Sustainable Alternative Fuels Market Outlook, 2018 - 2030

8.1. Asia Pacific Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Natural Gas
  - 8.1.1.2. Biodiesel
  - 8.1.1.3. Ethanol
  - 8.1.1.4. Hydrogen
  - 8.1.1.5. Renewable Diesel
  - 8.1.1.6. Misc.
8.2. Asia Pacific Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Automotive
  - 8.2.1.2. Industrial
  - 8.2.1.3. Military & Defence
  - 8.2.1.4. Aviation
  - 8.2.1.5. Misc.
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Sustainable Alternative Fuels Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. China Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.2. China Sustainable Alternative Fuels Market End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.3. Japan Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.4. Japan Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.5. South Korea Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.6. South Korea Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.7. India Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.8. India Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.9. Southeast Asia Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.10. Southeast Asia Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.11. Rest of Asia Pacific Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 8.3.1.12. Rest of Asia Pacific Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Sustainable Alternative Fuels Market Outlook, 2018 - 2030

9.1. Latin America Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Natural Gas
  - 9.1.1.2. Biodiesel
  - 9.1.1.3. Ethanol
  - 9.1.1.4. Hydrogen
  - 9.1.1.5. Renewable Diesel
  - 9.1.1.6. Misc.
9.2. Latin America Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Automotive
  - 9.2.1.2. Industrial
  - 9.2.1.3. Military & Defence
  - 9.2.1.4. Aviation
  - 9.2.1.5. Misc.
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Sustainable Alternative Fuels Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 9.3.1.2. Brazil Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 9.3.1.3. Mexico Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 9.3.1.4. Mexico Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 9.3.1.5. Rest of Latin America Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 9.3.1.6. Rest of Latin America Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Sustainable Alternative Fuels Market Outlook, 2018 - 2030

10.1. Middle East & Africa Sustainable Alternative Fuels Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Natural Gas
  - 10.1.1.2. Biodiesel
  - 10.1.1.3. Ethanol
  - 10.1.1.4. Hydrogen
  - 10.1.1.5. Renewable Diesel
  - 10.1.1.6. Misc.
10.2. Middle East & Africa Sustainable Alternative Fuels Market Outlook, by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Automotive
  - 10.2.1.2. Industrial
  - 10.2.1.3. Military & Defence
  - 10.2.1.4. Aviation
  - 10.2.1.5. Misc.
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Sustainable Alternative Fuels Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 10.3.1.2. GCC Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 10.3.1.3. South Africa Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 10.3.1.4. South Africa Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 10.3.1.5. Rest of Middle East & Africa Sustainable Alternative Fuels Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
  - 10.3.1.6. Rest of Middle East & Africa Sustainable Alternative Fuels Market by End-use Industry, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs End-use Industry Heatmap
11.2. Manufacturer vs Product Heatmap
11.3. Company Market Share Analysis, 2022
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. Neste
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Archer Daniel Midland
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Renewable Energy Group
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Cosan
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Australian Renewable Fuels Limited
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. BlueFire Ethanol Fuels, Inc.
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. Coskata, Inc.
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Sapphire Energy
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Financial Overview
  - 11.5.8.4. Business Strategies and Development
- 11.5.9. POET LLC
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Valero Energy Corporation
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. Eni S.p.A.
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. Fulcrum BioEnergy Inc.
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development