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E-Kerosene Market Analysis

  • Report ID: GMI11613
  • Published Date: Sep 2024
  • Report Format: PDF

E-Kerosene Market Analysis

Based on renewable source, the on-site solar produced e-kerosene industry will exceed over USD 4.1 billion by 2032. production of e-kerosene requires renewable energy sources such as wind or solar and the rapid expansion of renewable energy infrastructure is a key enabler for scaling e-kerosene production, contributing to market growth.
 

E – Kerosene Market Revenue Share, By Application, 2023

Based on application, the automotive application wil grow at a CAGR of over 33% through 2032. The automotive sector is exploring e-kerosene as part of a broader shift towards sustainable fuels, particularly for heavy-duty and long-haul vehicles. While electric and hydrogen vehicles dominate the market, e-kerosene is gaining attention for its potential in specialized applications like freight transport, offering a low-carbon alternative to conventional diesel.
 

U.S. E – Kerosene Market Size, 2022 – 2032 (USD Million)

The U.S. e-kerosene market will surpass USD 1.8 billion by 2032. The market is gaining traction primarily in the aviation sector as a sustainable alternative to conventional jet fuel. Federal initiatives, such as the Sustainable Aviation Fuel (SAF) Grand Challenge are pushing for the large-scale adoption of alternative fuels like e-kerosene to decarbonize air travel. As regulatory frameworks strengthen around emission reductions, e-kerosene will become significant in specific sectors beyond aviation over the forecast timeline.
 

Cost competitiveness, consumer awareness, and strong regulatory support are driving the adoption of e-kerosene in Europe. As production technologies improve and economies of scale are realized, the cost of e-kerosene is expected to decline, enhancing its competitiveness against fossil fuels. This reduction in cost is likely to further stimulate market growth in countries across the Europe.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for e-kerosene will cross USD 8.4 billion by 2032 and is set to grow at a CAGR of over 32.9% from 2024 to 2032, driven by increasing concerns over decarbonization in the aviation sector and supportive government policies and incentives.

The automotive sector is expected to see significant growth in the adoption of e-kerosene, with an estimated CAGR of over 33% through 2032. due to the sector's shift towards sustainable fuels, especially for heavy-duty and long-haul vehicles, where e-kerosene offers a low-carbon alternative to conventional diesel.

The U.S. e-kerosene market is anticipated to surpass USD 1.8 billion by 2032. The market is gaining traction primarily in the aviation sector, driven by federal initiatives like the Sustainable Aviation Fuel (SAF) Grand Challenge.

The market value of on-site solar-produced e-kerosene is expected to exceed USD 4.1 billion by 2032, attributed to the reliance on renewable energy sources for e-kerosene production and the rapid expansion of renewable energy infrastructure.

Companies involved in the production of e-kerosene include Arcadia eFuels, Archer Daniels Midland, Ballard Power Systems, Ceres Power Holding, Clean Fuels Alliance America, Climeworks, eFuel Pacific, Electrochaea, ExxonMobil, FuelCell Energy, HIF Global, INERATEC, LanzaJet, Liquid Wind, Norsk E-Fuel, Porsche, Sunfire, and Synhelion.

E-Kerosene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 17
  • Pages: 100
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