永续航空燃料（SAF）越南市场评估：依燃料类型、技术、应用、地区、机会、预测（2024-2032年）

越南政府计划在2035年将 10%的可持续航空燃料（SAF）混合到喷射煤油中。作为全球航空业向永续能源标准转变的一部分，越南的永续航空燃料（SAF）市场快速成长。该行业对替代环保燃料的关注以及减少气候变迁影响的迫切需求推动市场扩张。

市面上有多种SAF，包括氢燃料、液体燃料和生物燃料。这些燃料用于各种飞机平台，从商用客机到军用喷射机。儘管市场未来前景光明，但仍存在一些障碍需要克服，例如建立强大的供应链、保持成本竞争力以及应对复杂的监管环境。然而，凭藉政府的大力支持和国际环境承诺，越南完全有能力在航空业转型为清洁燃料的过程中发挥重要作用。如果市场要创造一个能够实现积极的碳中和目标并广泛采用 SAF 的行业，克服这些障碍非常重要。

生质燃料产业占最高市场占有率

越南的永续航空燃料市场占有率由生物燃料产业主导。这得归功于该国丰富的生物质资源以及政府减少二氧化碳排放的政策。越南是生物质资源的主要生产国，这些资源正逐渐从传统用途转向用于运输部门的生物燃料生产。根据越南能源展望报告，预计2050年生物燃料产量将大幅增加，产量达544PJ。国家能源总体规划（NEMP）强调在航空等排放难以减少的产业使用生物燃料，是需求成长的主要动力。越南向再生能源的转变推动该产业的快速扩张，其中生物燃料在该国到2050年实现净零排放目标中发挥关键作用。随着越南生物燃料产能的不断提高，越南在 SAF 市场的工业领导地位预计将得到巩固。

例如，2024年 1月，越南航空成为该国第一家使用永续航空燃料（SAF）营运商业客运航班的航空公司。在新加坡樟宜机场，该航空公司为新加坡空军的一架空中巴士 A321 加油，为 5月 27 日返回河内的航班做准备。这是 Neste 在新加坡樟宜机场的SAF 供应能力首次为来自亚太地区的航空公司提供支援。 Neste 在其位于新加坡的炼油厂生产 SAF，然后利用整合式供应链将 SAF 交付给位于樟宜机场的越南航空。该航空公司认为，透过使用 SAF，它将能够为乘客提供卓越的服务品质和环境友善性，同时为航空业更永续的未来做出贡献。

科技进步推动市场成长

由于技术进步，越南的永续航空燃料市占率正急剧上升。该成长主要归功于燃料生产产业的进步，特别是再生燃料生产的进步。根据越南能源展望报告，越南在整合尖端技术生产生物燃料和合成燃料方面取得了重大进展，这对航空业的脱碳努力非常重要。合成气生产、生物质气化和再生液体燃料（例如再生航空燃料）等新兴技术推动市场向前发展。越南致力于改善整个再生燃料供应链，包括生产、运输、储存和分销。正如氢能策略所示，越南正致力于创造电子燃料和绿色氢，以加强SAF市场。这些技术的进步预计将进​​一步降低生产成本并提高生产力，以巩固越南在全球 SAF 市场的地位。

本报告研究和分析了越南永续航空燃料（SAF）市场，提供市场规模和预测、市场动态以及主要参与者状况。

目录

第1章 专案范围与定义

第2章 研究方法

第3章 执行摘要

第4章 顾客回馈

• 品牌知名度
• 交货时间
• 供应链
• 品质
• 购买方便

第5章 越南永续航空燃油市场前景（2024-2032）

• 市场规模分析与预测
  • 金额
  • 数量
• 市占率分析与预测
  • 依燃料类型
  • 依技术
  • 依用途
  • 依地区

第6章 波特五力分析

第7章 PESTLE 分析

第8章 市场动态

• 市场驱动因素
• 市场挑战

第9章 市场趋势与发展

第10章 越南现有和新建SAF工厂清单

第11章 竞争态势

• 前 5 名市场领导者的竞争矩阵
• 前 5 名的公司的SWOT 分析
• 主要公司及未来市场公司状况
  • Neste Oyj
  • World Energy LLC
  • Gevo Inc.
  • SAF One Energy Management Ltd
  • Vietnam Air Petrol Company Limited
  • Tan Son Nhat Petrol Commercial JSC
  • Nihon Toyo Co., Ltd.

第12章 战略建议

第13章 关于本公司，免责声明

Vietnam Government is expected to blend 10% sustainable aviation fuel (SAF) in jet kerosene by 2035. As part of the global shift in the aviation industry toward sustainable energy standards, Vietnam's market for sustainable aviation fuel (SAF) is growing rapidly. The industry's dedication toward eco-friendly fuel alternatives and the urgent need to reduce the effects of climate change are driving market expansion.

Diverse SAFs are available in the market, such as hydrogen fuels, power-to-liquid fuels, and biofuels. These fuels are used in a variety of aircraft platforms, ranging from commercial airliners to military jets. Although the market's future seems bright, there are obstacles to overcome by building a strong supply chain, maintaining cost competitiveness, and negotiating complicated regulatory environments. Nevertheless, due to robust government support and international environmental commitments, Vietnam is well-positioned to play a major role in the aviation industry's transition to cleaner fuels. Overcoming these obstacles will be essential as the market develops sectors that can reach its aggressive carbon neutrality targets so that SAF can be widely adopted.

Biofuel Sector Holds the Highest Market Share

Vietnam sustainable aviation fuel market share is being dominated by the biofuel segment. This is due to the country's abundant biomass resources and policies implemented by the government to lower carbon emissions. Vietnam is a major producer of biomass resources, which are progressively being diverted from conventional usage to the production of biofuel for the transportation sector. According to the Vietnam Energy Outlook Report, biofuel production is expected to increase significantly by 2050, with an estimated 544 PJ produced. The National Energy Master Plan (NEMP), which emphasizes the use of biofuels in difficult-to-abate industries, such as aviation, is largely responsible for the rise in demand. Vietnam's shift towards renewable energy is driving the sector's rapid expansion with biofuels playing a key role in the country's net-zero goals by 2050. Vietnam's industry leadership in the SAF market is anticipated to consolidate as it continues to increase its ability to produce biofuels.

For instance, in January 2024, Vietnam Airlines became the first airline in the country to operate commercial passenger flights using sustainable aviation fuel or SAF. At Changi Airport in Singapore, the airline refueled an Airbus A321 with SAF in preparation for its May 27 return flight to Hanoi. This is the first time Neste's SAF supply capabilities at Singapore Changi Airport have helped a visiting carrier from Asia-Pacific. Neste used its integrated supply chain to deliver SAF to Vietnam Airlines at Changi Airport after producing it as a refinery in Singapore. The airline feels that by utilizing SAF, it will be possible to provide passengers with exceptional service quality and environmental friendliness while helping to create a more sustainable future for the aviation sector.

Technology Advancements Boosts Market Growth

Vietnam's market share of sustainable aviation fuel is rising dramatically due to the technological improvements. The increase has been largely attributed to advancements in the fuel production industry, particularly in the creation of renewable fuels. Vietnam is making significant progress in integrating cutting-edge technology to manufacture biofuels and synthetic fuels, which are essential for the aviation sector's decarbonization efforts, according to the Vietnam Energy Outlook Report. Modern techniques such as manufacturing synthetic gas, biomass gasification, and renewable liquid fuels like renewable jet fuel are advancing the market. Vietnam's emphasis on improving the entire renewable fuel supply chain which includes production, transmission, storage, and distribution. The nation's dedication to creating e-fuels and green hydrogen, as delineated in the Hydrogen Strategy, bolsters the SAF market. As these technologies advance, it is anticipated that they will further lower production costs and boost productivity, securing Vietnam's place in the global SAF market.

For instance, in May 2024, to reach its net zero emission goals, Vietnam Airlines is adding wide-body aircraft to its fleet, such as Boeing 787 and Airbus A350. These planes are more competitive and efficient as they can accommodate 311-367 passengers and have a bigger cargo capacity. Due to their integrated technology that lowers pollutants and fuel consumption, the new generation of airplanes is especially environmentally friendly. Comparing Vietjet's current fleet to other airlines, it can save 15-20% on fuel and lower emissions per passenger by 25-30%. Vietnam is focusing on improving the production, transport, storage, and distribution of renewable fuels, which supports these achievements. The nation's dedication to developing e-fuels and green hydrogen, as delineated in the Hydrogen Strategy, reinforces the SAF market.

Southern Vietnam is Expected to Hold the Highest Market Share

Due to its advantageous location and strong infrastructure for renewable energy, the southern area of Vietnam is expected to hold the largest market share of sustainable aviation fuel. Owing to its significant solar and wind energy capacities which are essential for the generation of SAF, the south-central region is growing fast due to the rise in infrastructure projects. With large onshore and offshore wind farms contributing to the energy mix, the region has the greatest percentage of wind capacity in the country. The South's supremacy in the SAF market is further cemented by the numerous linkages that connect it to other regions of the country, allowing for efficient distribution of the generated renewable energy. With growing investments in renewable energy infrastructure in South, Vietnam is anticipated to maintain this regional advantage as it moves closer to its net-zero targets. Due to the region's strategic significance and potential for renewable energy, it leads the SAF market to Vietnam's larger energy transition initiatives.

Government Focus on Sustainability to Influence Market Growth

The sustainable aviation fuel market is expanding due to the Vietnamese government's dedication to sustainability. Through strategic frameworks such as the Power Development Plan (PDP8) and the National Climate Change Strategy for 2050, the nation hopes to attain net-zero emissions. Government regulations encourage the use of renewable fuel in several industries, including aviation. These programs are incorporated into the National Energy Master Plan (NEMP), which is a larger strategy for minimizing reliance on imported fuel and maximizing domestic resources. For the SAF market to flourish and meet global climate goals, these plans must align with Vietnam's sustainability objectives.

For instance, in March 2024, a Japanese business called Toyo Group is investigating the possibility of producing sustainable aviation fuel and has made a sizable investment in Vietnam. Real estate, energy, and projects including a USD 220 million (VND 5519 billion) renewable energy plant in Bac Ninh province and a USD 40 million (VND 1003 billion) Green Energy Plant in Binh Dinh province, are among the company's current investments. JGC Holdings Corporation, an engineering firm with experience in major projects in petrochemical, energy, and other industrial sectors is working with Toyo Group.

Future Market Scenario (2024 - 2032F)

Vietnam's market for sustainable aviation fuel has a positive outlook, owing to the nation's strong environmental policies, developing technological capabilities, and advantageous geographic location. The SAF market is anticipated to expand rapidly as Vietnam works toward its goal of net-zero emissions by 2050, aided by initiatives such as the Power Development Plan (PDP8) and the National Energy Master Plan. The development of renewable energy sources, such as biofuels and synthetic fuels, is given priority in these frameworks as they are crucial for decarbonizing the aviation industry. Technological developments that will further improve the efficiency and economics of SAF generation include the development of green hydrogen and biomass gasification. Vietnam is in a strong position to dominate the region in SAF production due to its technological advancements and rising investments in renewable energy infrastructure, especially in the south-central and south-east regions.

Key Players Landscape and Outlook

The sustainable aviation fuel market in Vietnam is in its early stages, with major aviation firms such as VietJet Air and Bamboo Airways spearheading early initiatives. International corporations such as Neste and World Energy are seeking collaborations to access this developing industry. The market is expanding due to the international pressure for decarbonization and constant government support. With space for rapid expansion in Vietnam's aviation industry, sustainability becomes more popular throughout Southeast Asia, the SAF aviation fuel market is expected to boost in the forecast years.

For instance, in December 2023, to promote sustainable aviation fuel (SAF) in Vietnam, Dubai-based SAF One and Vietnamese low-cost carrier Vietjet Air have teamed. A Memorandum of Understanding (MoU) was inked in Dubai during COP28 to help the airline and SAF One to work together. SAF One, which was founded in May by Sencirc Holding, based in Abu Dhabi, and Novus Aviation Capital, focuses on assets in the circular economy. The collaboration comes at the same time as Jeff Ovens is named SAF One's Chief Operating Officer, effective January 2024, and there is an increasing emphasis on SAF supply and procurement in Asia-Pacific.

For instance, in March 2024, Japanese renewables firm Nihon Toyo has already deployed many energy projects in Vietnam, including a USD 40 million green energy factory project in Binh Dinh, a USD 220-million waste treatment factory in Bac Ninh, and a USD 60 million cosmetics plant in Ho Chi Minh City.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Brand Awareness
• 4.2. Lead time
• 4.3. Supply Chain
• 4.4. Quality
• 4.5. Ease of Purchase

5. Vietnam Sustainable Aviation Fuel Market Outlook, 2024-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Fuel Type
    • 5.2.1.1. Biofuel
    • 5.2.1.2. Power to Liquid Fuel
    • 5.2.1.3. Hydrogen Fuel
    • 5.2.1.4. Gas-to-Liquid
  • 5.2.2. By Technology
    • 5.2.2.1. Fischer-Tropsch (FT) and Synthetic Paraffinic Kerosene (SPK)
    • 5.2.2.2. Hydroprocessed Esters and Fatty Acids
    • 5.2.2.3. Hydroprocessed Fermented Sugars to Synthetic Isoparaffins
    • 5.2.2.4. FT-SPK With Aromatics
    • 5.2.2.5. Hydrocarbon-Hydroprocessed Esters and Fatty Acids
    • 5.2.2.6. Others
  • 5.2.3. By Application
    • 5.2.3.1. Commercial
    • 5.2.3.2. Defense
    • 5.2.3.3. Others
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. Central

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. List of Existing and Upcoming SAF Plants in Vietnam

11. Competitive Landscape

• 11.1. Competition Matrix of Top 5 Market Leaders
• 11.2. SWOT Analysis for Top 5 Players
• 11.3. Key Players Landscape for leading and Upcoming Market Players
  • 11.3.1. Neste Oyj
    • 11.3.1.1. Company Details
    • 11.3.1.2. Key Management Personnel
    • 11.3.1.3. Products and Services
    • 11.3.1.4. Financials (As Reported)
    • 11.3.1.5. Key Market Focus and Geographical Presence
    • 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 11.3.2. World Energy LLC
  • 11.3.3. Gevo Inc.
  • 11.3.4. SAF One Energy Management Ltd
  • 11.3.5. Vietnam Air Petrol Company Limited
  • 11.3.6. Tan Son Nhat Petrol Commercial JSC
  • 11.3.7. Nihon Toyo Co., Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Vietnam Sustainable Aviation Fuel Market, By Value, In USD Million, 2024-2032F
• Figure 2. Vietnam Sustainable Aviation Fuel Market, By Volume, In Million Liters, 2024-2032F
• Figure 3. Vietnam Sustainable Aviation Fuel Market Share (%), By Fuel Type, 2024-2032F
• Figure 4. Vietnam Sustainable Aviation Fuel Market Share (%), By Technology, 2024-2032F
• Figure 5. Vietnam Sustainable Aviation Fuel Market Share (%), By Application, 2024-2032F
• Figure 6. Vietnam Sustainable Aviation Fuel Market Share (%), By Region, 2024-2032F