Aviation Biofuels Market Insights, Global Outlook and Forecast 2022-2028
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Aviation biofuel is a biofuel used for aircraft. It is considered by some to be the primary means by which the aviation industry can reduce its carbon footprint.
The latest research study released by Market IntelliX evaluates market size and forecasts of Aviation Biofuels in global, including the following market information:
Global Aviation Biofuels Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Aviation Biofuels Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Aviation Biofuels companies in 2021 (%)
The global Aviation Biofuels market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hydrogenated Vegetable Oil (HVO) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Aviation Biofuels include Red Rock Biofuels, Vega Biofuels, GEVO, PetroSun Inc., Archer Daniels Midland Company, Honeywell International Inc., Targray Technology International Inc., Argent Energy and KFS Biodiesel GmbH & Co. KG and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Aviation Biofuels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Aviation Biofuels Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Aviation Biofuels Market Segment Percentages, by Type, 2021 (%)
Hydrogenated Vegetable Oil (HVO)
Fischer-Tropsch (FT)
Global Aviation Biofuels Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Aviation Biofuels Market Segment Percentages, by Application, 2021 (%)
Military Aviation
Commercial Aviation
Global Aviation Biofuels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Aviation Biofuels Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Aviation Biofuels revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Aviation Biofuels revenues share in global market, 2021 (%)
Key companies Aviation Biofuels sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Aviation Biofuels sales share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Red Rock Biofuels
Vega Biofuels
GEVO
PetroSun Inc.
Archer Daniels Midland Company
Honeywell International Inc.
Targray Technology International Inc.
Argent Energy
KFS Biodiesel GmbH & Co. KG
Shirke Energy
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Aviation Biofuels Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Aviation Biofuels Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Aviation Biofuels Overall Market Size
2.1 Global Aviation Biofuels Market Size: 2021 VS 2028
2.2 Global Aviation Biofuels Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Aviation Biofuels Sales: 2017-2028
3 Company Landscape
3.1 Top Aviation Biofuels Players in Global Market
3.2 Top Global Aviation Biofuels Companies Ranked by Revenue
3.3 Global Aviation Biofuels Revenue by Companies
3.4 Global Aviation Biofuels Sales by Companies
3.5 Global Aviation Biofuels Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Aviation Biofuels Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Aviation Biofuels Product Type
3.8 Tier 1, Tier 2 and Tier 3 Aviation Biofuels Players in Global Market
3.8.1 List of Global Tier 1 Aviation Biofuels Companies
3.8.2 List of Global Tier 2 and Tier 3 Aviation Biofuels Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Aviation Biofuels Market Size Markets, 2021 & 2028
4.1.2 Hydrogenated Vegetable Oil (HVO)
4.1.3 Fischer-Tropsch (FT)
4.2 By Type - Global Aviation Biofuels Revenue & Forecasts
4.2.1 By Type - Global Aviation Biofuels Revenue, 2017-2022
4.2.2 By Type - Global Aviation Biofuels Revenue, 2023-2028
4.2.3 By Type - Global Aviation Biofuels Revenue Market Share, 2017-2028
4.3 By Type - Global Aviation Biofuels Sales & Forecasts
4.3.1 By Type - Global Aviation Biofuels Sales, 2017-2022
4.3.2 By Type - Global Aviation Biofuels Sales, 2023-2028
4.3.3 By Type - Global Aviation Biofuels Sales Market Share, 2017-2028
4.4 By Type - Global Aviation Biofuels Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Aviation Biofuels Market Size, 2021 & 2028
5.1.2 Military Aviation
5.1.3 Commercial Aviation
5.2 By Application - Global Aviation Biofuels Revenue & Forecasts
5.2.1 By Application - Global Aviation Biofuels Revenue, 2017-2022
5.2.2 By Application - Global Aviation Biofuels Revenue, 2023-2028
5.2.3 By Application - Global Aviation Biofuels Revenue Market Share, 2017-2028
5.3 By Application - Global Aviation Biofuels Sales & Forecasts
5.3.1 By Application - Global Aviation Biofuels Sales, 2017-2022
5.3.2 By Application - Global Aviation Biofuels Sales, 2023-2028
5.3.3 By Application - Global Aviation Biofuels Sales Market Share, 2017-2028
5.4 By Application - Global Aviation Biofuels Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Aviation Biofuels Market Size, 2021 & 2028
6.2 By Region - Global Aviation Biofuels Revenue & Forecasts
6.2.1 By Region - Global Aviation Biofuels Revenue, 2017-2022
6.2.2 By Region - Global Aviation Biofuels Revenue, 2023-2028
6.2.3 By Region - Global Aviation Biofuels Revenue Market Share, 2017-2028
6.3 By Region - Global Aviation Biofuels Sales & Forecasts
6.3.1 By Region - Global Aviation Biofuels Sales, 2017-2022
6.3.2 By Region - Global Aviation Biofuels Sales, 2023-2028
6.3.3 By Region - Global Aviation Biofuels Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Aviation Biofuels Revenue, 2017-2028
6.4.2 By Country - North America Aviation Biofuels Sales, 2017-2028
6.4.3 US Aviation Biofuels Market Size, 2017-2028
6.4.4 Canada Aviation Biofuels Market Size, 2017-2028
6.4.5 Mexico Aviation Biofuels Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Aviation Biofuels Revenue, 2017-2028
6.5.2 By Country - Europe Aviation Biofuels Sales, 2017-2028
6.5.3 Germany Aviation Biofuels Market Size, 2017-2028
6.5.4 France Aviation Biofuels Market Size, 2017-2028
6.5.5 U.K. Aviation Biofuels Market Size, 2017-2028
6.5.6 Italy Aviation Biofuels Market Size, 2017-2028
6.5.7 Russia Aviation Biofuels Market Size, 2017-2028
6.5.8 Nordic Countries Aviation Biofuels Market Size, 2017-2028
6.5.9 Benelux Aviation Biofuels Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Aviation Biofuels Revenue, 2017-2028
6.6.2 By Region - Asia Aviation Biofuels Sales, 2017-2028
6.6.3 China Aviation Biofuels Market Size, 2017-2028
6.6.4 Japan Aviation Biofuels Market Size, 2017-2028
6.6.5 South Korea Aviation Biofuels Market Size, 2017-2028
6.6.6 Southeast Asia Aviation Biofuels Market Size, 2017-2028
6.6.7 India Aviation Biofuels Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Aviation Biofuels Revenue, 2017-2028
6.7.2 By Country - South America Aviation Biofuels Sales, 2017-2028
6.7.3 Brazil Aviation Biofuels Market Size, 2017-2028
6.7.4 Argentina Aviation Biofuels Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Aviation Biofuels Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Aviation Biofuels Sales, 2017-2028
6.8.3 Turkey Aviation Biofuels Market Size, 2017-2028
6.8.4 Israel Aviation Biofuels Market Size, 2017-2028
6.8.5 Saudi Arabia Aviation Biofuels Market Size, 2017-2028
6.8.6 UAE Aviation Biofuels Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Red Rock Biofuels
7.1.1 Red Rock Biofuels Corporate Summary
7.1.2 Red Rock Biofuels Business Overview
7.1.3 Red Rock Biofuels Aviation Biofuels Major Product Offerings
7.1.4 Red Rock Biofuels Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.1.5 Red Rock Biofuels Key News
7.2 Vega Biofuels
7.2.1 Vega Biofuels Corporate Summary
7.2.2 Vega Biofuels Business Overview
7.2.3 Vega Biofuels Aviation Biofuels Major Product Offerings
7.2.4 Vega Biofuels Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.2.5 Vega Biofuels Key News
7.3 GEVO
7.3.1 GEVO Corporate Summary
7.3.2 GEVO Business Overview
7.3.3 GEVO Aviation Biofuels Major Product Offerings
7.3.4 GEVO Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.3.5 GEVO Key News
7.4 PetroSun Inc.
7.4.1 PetroSun Inc. Corporate Summary
7.4.2 PetroSun Inc. Business Overview
7.4.3 PetroSun Inc. Aviation Biofuels Major Product Offerings
7.4.4 PetroSun Inc. Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.4.5 PetroSun Inc. Key News
7.5 Archer Daniels Midland Company
7.5.1 Archer Daniels Midland Company Corporate Summary
7.5.2 Archer Daniels Midland Company Business Overview
7.5.3 Archer Daniels Midland Company Aviation Biofuels Major Product Offerings
7.5.4 Archer Daniels Midland Company Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.5.5 Archer Daniels Midland Company Key News
7.6 Honeywell International Inc.
7.6.1 Honeywell International Inc. Corporate Summary
7.6.2 Honeywell International Inc. Business Overview
7.6.3 Honeywell International Inc. Aviation Biofuels Major Product Offerings
7.6.4 Honeywell International Inc. Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.6.5 Honeywell International Inc. Key News
7.7 Targray Technology International Inc.
7.7.1 Targray Technology International Inc. Corporate Summary
7.7.2 Targray Technology International Inc. Business Overview
7.7.3 Targray Technology International Inc. Aviation Biofuels Major Product Offerings
7.7.4 Targray Technology International Inc. Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.7.5 Targray Technology International Inc. Key News
7.8 Argent Energy
7.8.1 Argent Energy Corporate Summary
7.8.2 Argent Energy Business Overview
7.8.3 Argent Energy Aviation Biofuels Major Product Offerings
7.8.4 Argent Energy Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.8.5 Argent Energy Key News
7.9 KFS Biodiesel GmbH & Co. KG
7.9.1 KFS Biodiesel GmbH & Co. KG Corporate Summary
7.9.2 KFS Biodiesel GmbH & Co. KG Business Overview
7.9.3 KFS Biodiesel GmbH & Co. KG Aviation Biofuels Major Product Offerings
7.9.4 KFS Biodiesel GmbH & Co. KG Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.9.5 KFS Biodiesel GmbH & Co. KG Key News
7.10 Shirke Energy
7.10.1 Shirke Energy Corporate Summary
7.10.2 Shirke Energy Business Overview
7.10.3 Shirke Energy Aviation Biofuels Major Product Offerings
7.10.4 Shirke Energy Aviation Biofuels Sales and Revenue in Global (2017-2022)
7.10.5 Shirke Energy Key News
8 Global Aviation Biofuels Production Capacity, Analysis
8.1 Global Aviation Biofuels Production Capacity, 2017-2028
8.2 Aviation Biofuels Production Capacity of Key Manufacturers in Global Market
8.3 Global Aviation Biofuels Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Aviation Biofuels Supply Chain Analysis
10.1 Aviation Biofuels Industry Value Chain
10.2 Aviation Biofuels Upstream Market
10.3 Aviation Biofuels Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Aviation Biofuels Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
Aviation Biofuels Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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