Boston, MA -- (SBWIRE) -- 11/29/2016 -- Alternative fuels or biofuels have been acknowledged as the primary option that can facilitate the aviation industry to achieve its targets. After a multi-year technical review from aircraft and engine manufacturers and oil companies, biofuels were approved for commercial use, in July 2011. Since then, some airlines have experimented with the use of biofuels on commercial flights. Biofuels produced from biomass such as algae, Jatropha, and Camelina can reduce the carbon footprint of aviation fuel by up to 80% over the lifecycle of an aircraft. Of late, the focus of the aviation industry has shifted to the sustainable second-generation biofuels that do not use food crops as feedstock nor are major consumers of prime agricultural land or fresh water.

Technavio's analysts forecast the global aviation alternative fuels market to grow at a CAGR of 4.29% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global aviation alternative fuels market for 2016-2020. To calculate the market size, the report presents 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.

Get More Details on this Report and a Full Table of Contents at Global Aviation Alternative Fuels Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Aviation Alternative Fuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-GE Aviation
-Rolls-Royce
-SkyNRG
-Swedish Biofuels
-UOP

Other prominent vendors

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

Market driver

-Initiation of new biofuel projects.
-For a full, detailed list, view our report

Market challenge

-Sparse availability of feedstock for biofuels.
-For a full, detailed list, view our report

Market trend

-Developments in BRIC countries.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: GE Aviation, Rolls-Royce, SkyNRG, Swedish Biofuels, UOP, Amyris, AltAir Fuels, Byogy Renewables, Fulcrum BioEnergy, Gevo

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