Sustainable Aviation Fuel Market Estimated to Reach Value of US$ 402.0Bn by 2050: TMR Study
WILMINGTOM, Del., Nov. 23, 2022 /PRNewswire/ -- As per study conducted by TMR, the global Sustainable Aviation Fuel Market is estimated to advance at compound annual growth rate of 26.2% during the forecast period between 2022 and 2050.
The past decade has witnessed steady increase in need to reduce emission of hazardous gases, globally as well as increased focus on climate change and its impact, worldwide. As a result, the demand for products that help in decreasing hazardous gases and help manage climate change has risen. Sustainable aviation fuel emits harmful gases 75% less than jet fuel, which has led to its increased adoption, thereby contributing to market growth.
Growth strategies such as new product launches are helping prominent sustainable aviation companies in gaining an edge over competitors and in generating new revenue streams. Furthermore, leading sustainable aviation fuel companies in industry for sustainable aviation fuel are also adopting strategies such as collaboration with smaller players to expand their presence in global market and improve their revenue.
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Key Findings of Sustainable Aviation Fuel Market Study
Sustainable Aviation Fuel Market-Key Drivers
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Sustainable Aviation Fuel Market-Regional Market Insights
Sustainable Aviation Fuel Market-Key Players
The sustainable aviation fuel industry is competitive with the presence of numerous leading players. Entry of new players could intensify the competition in overall market, during the forecast period.
Few prominent players in global market include
The global Sustainable Aviation Fuel Market is segmented as follows:
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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