Sustainable Aviation Fuel - The Future of Energy

 Sustainable aviation fuel is a special type of fuel designed to be used in aircrafts and at the same time increases the efficiency of aircrafts. #Sustainable #aviation fuels are derived from sustainable feedstocks and is very similar in its chemistry to traditional fossil jet fuel. Increase in application of sustainable aviation fuels result in reduction in carbon emissions compared to the traditional #jet #fuel as it replaces lifecycle of the fuel. The #aviation #industry is inclined toward bringing down carbon footprints to achieve a sustainable environment and meet stringent regulatory standards on emissions. Moreover, improving aero-engine efficiency by design modifications, hybrid-electric and all-electric aircraft, renewable jet fuels, are being adopted by various stakeholders of the aviation industry but the adoption of sustainable aviation fuel is considered the most reliable and feasible alternative solutions with respect to socio and economic benefits when compared to others, which contributes significantly to mitigating current and expected future environmental impacts of aviation.

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Factors such as rise in number of airline passengers, coupled with increased disposable income, increase in air transportation, and increase in consumption of synthetic lubricants supplement growth of the global sustainable aviation fuel market. However, fluctuations in crude oil prices and contamination of #lubricants are the factors that are expected to hamper growth of the market during the forecast period. Moreover, development of ecofriendly and safe aviation lubricants and rise in demand for low density lubricants for reduced weight are the factors that are expected to create numerous opportunities for growth of the market during the forecast period.

Most passengers across the globe prefer to travel by air than other conventional modes of transportation such as road and sea as it is the safest and fastest mode of transportation with few cancelled flights. This makes #air #travel more reliable than other modes of transportation and offers comfortable experience during the journey. Though expensive, customers prefer air travel, owing to rise in disposable income followed by reduced travel time. Further, in accordance to data released by the International Civil Aviation Organization (ICAO), 4.3 billion passengers were carried by airlines in the year 2018. Moreover, number of airline passengers is expected to cross 10.0 billion by the year 2040, which creates need for additional #aircrafts to transport passengers from point A to point B. This eventually results in increased aircraft fleet size as well as frequency of flights, which requires efficient fuels and in turn, boost growth of the global sustainable aviation fuel .

Covid-19 Impact Analysis

  • The COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, sectors and all aspects of lives with devastating economic and financial losses with significant uncertainties.
  • The global aviation industry is concerned with manufacturing and operations of all types of aircrafts and related services during transportation.
  • Governments across the globe are cancelling visas of foreign residents and locking down affected areas, which is also one of the major reasons behind the slowing down of the aviation industry.
  • Aircraft manufacturing and other related service provider industries are also impacted by the COVID situation. Major manufactures of planes such as Airbus and Boeing have found to receive cancellations of recent orders of planes.

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