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E-Kerosene Market Trends

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

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E-Kerosene Market Trends

Increasing technological advancements in Power-to-Liquid (PtL) for e-kerosene production along with rising renewable energy integration will spur the market growth. E-kerosene production is dependent on PtL technology, which converts renewable energy into synthetic fuel. Continued improvements in PtL efficiency and scalability are expected to reduce production costs, making e-kerosene a more viable option in the coming years. Furthermore, the European Union’s Green Deal and international agreements like the Paris Accord are enforcing stricter environmental regulations on aviation, further accelerating the transition towards e-kerosene as a preferred alternative fuel.

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.