Renewable Aviation Fuel Market Analysis, Size, Share, Growth, Trends And Forecasts, 2015 To 2022: Grand View Research

Global renewable aviation fuel market is anticipated to witness significant growth over the next seven years owing to unstable prices and stringent regulations regarding environmental impacts of conventional fuel. Volatile conventional aviation fuel prices forced market participants to invest in developing sustainable fuel which is expected to bolster renewable aviation fuel market growth over the forecast period. Fuel price sensitivity affected profit margin for the aviation industry players that forced them to shift towards renewable aviation fuel market. Stringent regulations regarding greenhouse gas emission particularly owing to large amount of toxic gas emissions from aircrafts including carbon dioxide, carbon monoxide and hydrogen sulfide are further expected to positively affect market growth. The Federal Aviation Administration of U.S. has implied regulations which forced aviation industry market players to switch towards sustainable fuel.
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