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E-Kerosene Market Size

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

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E-Kerosene Market Size

The global e-kerosene market was valued at USD 600 million in 2023 and is set to grow at a CAGR of over 32.9% from 2024 to 2032. The Rising concern towards decarbonization in aviation sector along with favorable government policies & incentives encouraging the fuel adoption will complement the business landscape. E-kerosene, a synthetic fuel due to growing efforts to decarbonize the aviation sector is gaining traction as traditional kerosene is a major source of carbon emissions, airlines and regulators are focusing on sustainable alternatives, driving demand for e-kerosene.

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Governments worldwide are promoting low-carbon fuels through policies and incentives such as carbon taxes, emission trading systems, and subsidies. These initiatives encourage investment in e-kerosene production and help increase market growth. For instance, in 2024, the U.S. government had deployed several measures to support the growth of the domestic SAF market, particularly using tax credits and subsidies as key mechanisms, which in turn will influence the business scenario down the line.

E-Kerosene Market Report Attributes
Report Attribute	Details
Base Year:	2023
E-Kerosene Market Size in 2023:	USD 600 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	32.9%
2032 Value Projection:	USD 8.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	15
Segments covered:	Renewable Source, Technology, Application, & Region
Growth Drivers:	Increasing integration with renewable energy Favourable government policies & incentives
Pitfalls & Challenges:	Consumer awareness & price constraints

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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.