Catalytic Hydrothermolysis Jet Fuel Market Size

Catalytic Hydrothermolysis Jet Fuel Market size is expected to reach USD 10 Million by the end of 2036, growing at a CAGR of 24% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of CHJ fuel crossed around USD 2 Million. Increasing demand for the transformation of energy infrastructure will primarily drive the CHJ fuel market by the end of 2036. Annual utilization of some 1,000 GW of sustainable power must remain on a 1.5°C pathway. In 2022, some 300 GW of sustainable energies were added internationally, attributing to 83% of new capability compared to a 17% share united for fossil fuel and nuclear additions. The volume and percentage of renewables required to increase significantly are both technically possible and economically workable.

Another reason that will drive the catalytic hydrothermolysis jet (CHJ) fuel market is the increasing use of catalytic hydrothermolysis jet (CHJ) fuel in commercial and military aviation. The International Energy Agency's (IEA) Sustainable Development Scenario (SDS) forecasts biofuels touching roughly 10 % of aviation fuel requirement by 2030, increasing to approximately 20 % by 2040.  In the coming future, modern aviation will possibly depend on an amalgamation of conventionally taken hydrocarbon fuels from petroleum crude and SAF, which makes recognizing sustainable resources and techniques to alternate or change traditional aviation fuel important in the objective of accomplishing a renewable aviation industry. Jet fuel is an intricate mixture of hydrocarbons, specifically paraffin, olefins, naphthene, and aromatics. Generating fuel with similar properties from sources like biomass, lipids, and FOGs (fats, oils, and grease) has advanced to pilot-scale generation facilities. The generation of diesel similar fuel from vegetable oil has been well researched and has shown itself to be commercially feasible, mainly with green fuel subsidies. Very little SAF is commercially accessible.