NAIROBI, Kenya–(BUSINESS WIRE)–500 Global, l’une des sociétés de capital-risque les plus actives au monde1, a annoncé aujourd’hui le lancement de ses premiers programmes destinés aux fondateurs à Nairobi, en collaboration avec le Programme des Nations unies pour le développement (PNUD), afin de soutenir l’écosystème panafricain2. Nairobi accueillera cette année trois programmes gérés par 500 Global en partenariat avec le PNUD. Ces programmes sont conçus conjointement pour soutenir les startup
Month: August 2025
Riassunto: 500 Global e UNDP danno il via a nuovi programmi per l'innovazione a favore dell'ecosistema africano
NAIROBI, Kenya–(BUSINESS WIRE)–500 Global, tra le società di venture capital più attive a livello mondiale1 , oggi ha annunciato il lancio dei suoi primi founder program a Nairobi, in collaborazione con il Programma delle Nazioni Unite per lo sviluppo (UNDP), a supporto dell’ecosistema panafricano2. A Nairobi si svolgeranno tre dei programmi organizzati da 500 Global in collaborazione con l’UNDP; si tratta di iniziative progettate congiuntamente per coadiuvare le startup in ogni fase del loro
500 Global e PNUD lançam novos programas de inovação para impulsionar o ecossistema da África
NAIRÓBI, Quênia–(BUSINESS WIRE)–A 500 Global, uma das empresas de capital de risco mais ativas do mundo1, anunciou hoje o lançamento de seus primeiros programas voltados a empreendedores em Nairóbi, em parceria com o Programa das Nações Unidas para o Desenvolvimento (PNUD), a fim de fortalecer o ecossistema panafricano2. Nairóbi será sede de três programas conduzidos pela 500 Global em parceria com o PNUD este ano. Os programas foram desenvolvidos para apoiar startups em todos os estágios, do
500 Global y el PNUD presentan nuevos programas de innovación para impulsar el ecosistema africano
NAIROBI, Kenia–(BUSINESS WIRE)–500 Global, una de las firmas de capital riesgo más activas del mundo1, anunció hoy el lanzamiento de sus primeros programas para fundadores en Nairobi, en colaboración con el Programa de las Naciones Unidas para el Desarrollo (PNUD), destinados a apoyar el ecosistema panafricano2. Nairobi acogerá este año tres programas organizados por 500 Global en colaboración con el PNUD. Se trata de programas diseñados conjuntamente para apoyar a las empresas emergentes en
Samenvatting: 500 Global en UNDP lanceren nieuwe innovatieprogramma's om Afrika’s ecosysteem te stimuleren
NAIROBI, Kenia–(BUSINESS WIRE)–500 Global, een van de meest actieve risicokapitaalbedrijven ter wereld1, kondigde vandaag de lancering aan van hun eerste founderprogramma’s in Nairobi, in samenwerking met de UNDP (United Nations Development Programme), om het pan-Afrikaanse ecosysteem2 te steunen. Nairobi treedt op als host voor drie programma’s beheerd door 500 Global in partnerschap met UNDP dit jaar. De programma’s zijn gezamenlijk ontworpen om start-ups in elke fase, van de beginfase tot
Sage Dental Grows in South Florida with the Addition of The Dental Group in Fort Lauderdale
BOCA RATON, Fla., Aug. 18, 2025 /PRNewswire/ — Sage Dental, a leading dental service organization (DSO), is proud to announce its latest expansion in South Florida with the acquisition of The Dental Group, a trusted and well-established practice in Fort Lauderdale. With more than 30 years of clinical excellence and loyal patient relationships, The Dental Group is now part of Sage Dental’s growing network of over 140 supported practices.
Led by the highly respected Dr. Henry Rodriguez-Martin, The Dental Group has become a cornerstone of quality care in the Fort Lauderdale community. Now operating as Sage Dental of Oakland Park, the practice will continue its tradition of personalized, patient-first dentistry—now backed by Sage’s innovative technology, operational support, and commitment to empowering clinicians.
“We’re proud to become part of Sage Dental, a group that shares our values of excellence, integrity, and patient-centered care. With this transition, our patients will benefit from a broader network, greater efficiency, and the same familiar faces they know and trust,” said Dr. Henry Rodriguez-Martin.
“At Sage Dental, everything we do centers around the patient experience. By combining The Dental Group’s decades of trusted care with Sage’s technology and resources, we’re ensuring patients in Fort Lauderdale receive the highest level of dentistry—delivered by the people they already know and trust,” said Thomas Marler, CEO of Sage Dental.
The Fort Lauderdale practice will now enjoy access to Sage Dental’s full range of tools and support, including:
- Cutting-edge digital tools like 3D scanning, same-day restorations, and AI-supported treatment monitoring
- Centralized systems for patient communication, billing, and revenue cycle management
- A comprehensive, multi-specialty model offering general dentistry, orthodontics, oral surgery, periodontics, endodontics, and pediatric care
- The SageCare+ membership plan, helping more patients access affordable care—even without insurance
- Improved insurance partnerships and payer support to increase access and affordability for the community
With this latest addition, Sage Dental continues to demonstrate how local care and enterprise-level innovation can go hand-in-hand. By supporting clinicians with the tools they need to grow while honoring the relationships they’ve built, Sage is redefining what modern, patient-centered dental care looks like—one practice at a time.
About Sage Dental
Sage Dental Group operates as a trusted leader in dental care, serving communities throughout the Southeastern U.S. with a commitment to top-tier clinical expertise, patient comfort, and innovative treatment solutions. With over 140 practices, Sage Dental has provided care to over one million patients through a broad network offering general, specialty, and cosmetic dental services, including restorative, prosthodontic, endodontic, oral surgery, periodontics, pediatric, and orthodontic treatment. Sage Dental participates in most dental plans and provides various payment and financing options to ensure accessible care for all patients.
Dental practices interested in learning more about joining Sage Dental can contact Chief Development Officer Jim Mizouni at jmizouni@mysagedental.com. For media inquiries, please contact marketing@mysagedental.com.
For a complete list of services and locations, please visit www.mysagedental.com or follow @MySageDental on Facebook, Instagram, and Twitter.
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SOURCE Sage Dental
LONGi Launches Lightweight Module, Officially Entering Low-Load Market
XI’AN, China, Aug. 18, 2025 /PRNewswire/ — As solar power becomes globally popularized, over 30% of rooftops still not suit to install solar panels due to load issues. Despite those owners eager for green transformation, most of them have to give up because of high reinforcement costs. On August 15, 2025, LONGi launched the Hi-MO X10 Light design Module, officially targeting the low-load C&I market.
The Hi-MO X10 Light design Module is based on HPBC 2.0 cell, maintaining excellent performance in safety, reliability, and high-efficiency, with a maximum efficiency of 24.8% and a maximum power of 560W. The module weighs 7.2KG/㎡, a reduction of over 30% compared to conventional modules.
Lighter, More cost saving, and Safer
On May 25, LONGi first launched this module in the Chinese market, leading the industry in lightweight design, convenient installation, and reliability.
Lighter: The Hi-MO X10 Light Design Module features multiple weight-reduction processes, weighing only 7.2KG/㎡, a 42% reduction from conventional Dual glass TOPCon modules. A 10,000㎡ rooftop can reduce the load by 34 tons. Preliminary estimates show this module could enable 1 billion square meters of factory rooftops worldwide to access green energy.
More cost saving: The Hi-MO X10 Light Design Module achieves a conversion efficiency of 24.8%, far exceeding 21.6% of other products. The power of a single module is 140W higher than conventional lightweight modules, and the overall BOS cost is reduced by 33%.
In the past, old factories always did not pre-reserve solar loads, so it is necessary to reinforce rooftops to install solar system. Take Chinese buildings as an example, the cost of reinforcing the “main structure+purlins” is as high as 0.5RMB yuan/W. For a 10,000㎡ rooftop, the reinforcement cost is approximately 500,000RMB yuan .
On the other hand, many such factories cannot carry out internal reinforcement work due to production continuity issues. For a 10,000㎡ rooftop, the entire process of roof reinforcement (surveying, designing, constructing, inspecting) and solar system installation takes about 42 days. Lightweight modules only take 8-10 days, saving both time and costs.
Safer: Although the weight of the Hi-MO X10 Light Design Module is reduced, its quality remains uncompromised. The module adds one-line welding ribbon on the back to form an efficient mechanical distribution, increasing the maximum bearing capacity by over 50% and reducing the deformation at the center of the module by 50%, effectively improving the module’s compression and bending resistance. Meanwhile, the thickness of the module frame is increased by 5%. With a special frame structure design, the overall mechanical strength is increased by 20%, which can inhibit frame distortion and deformation in case of strong winds or snow.
Dual-Protection Function: Anti-Fire and Anti-Shading
The Hi-MO X10 Light Design Module continues the Anti-shading function of the Hi-MO X10 series.
Anti-Fire: In case of local shading by bird droppings or leaves, this module can significantly reduce the hot-spot temperature under shadow, preventing overheating and fires. Laboratory and field tests show that under the same leaf shading, the local temperature of the Hi-MO X10 Light Design Module is only 80°C, greatly reducing the risk of fire.
Anti-Shading: According to the two-month empirical test by CGC Certification, under different shading conditions (full light without shading, simulated bird droppings, simulated shading in wind and solar hybrid fields), the average backplane temperature of HPBC 2.0 modules is 7.43°C lower than that of TOPCon modules. The lower operating temperature effectively prevents safety risks caused by local shading.
Leading Performance as Before
So far, there are more than ten types of lightweight or flexible modules on the market, but they are prone to lack reliability during long-term outdoor use. Yellowing, leading to reduced light transmittance and power degradation; deformation, which increasing the safety risks of electric leakage or short circuits; fires, with toxic gases such as hydrogen fluoride releasing.
Most lightweight modules based on PERC, TOPCon, and other technologies with a conversion efficiency of only about 21%. In terms of structure, most of the flexible modules have no frames, making them more prone to micro cracks. The adhesive installation method not only poses a risk of debonding during long-term use but also increases the difficulty of later maintenance.
The market has long awaited a lightweight module which is “lighter, more cost saving, and safer”.
Regarding the launch of this product, Jiang Dongyu, President of LONGi’s Distributed Business Group, said that LONGi has always adhered to the development philosophy of stability, reliability, and technological leadership even when facing the trend of “cost reduction” in the solar industry. “When the demand for cost reduction conflicts with the “reliability” of products, LONGi will firmly prioritizes reliability.” said Jiang Dongyu.
The launch of the Hi-MO X10 Light Design Module not only address the pain points of the low-load rooftop market, but also represents another implementation of LONGi’s ” scenario-based+ differentiated ” product strategy. In the future, LONGi will continue to drive “dual innovation” in solar technology and product R&D to create more scenario-based products and solutions.
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SOURCE LONGi Solar
Large Scale Natural Refrigerant Heat Pump Market worth $14.90 billion by 2030 | MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 18, 2025 /PRNewswire/ — The global Large Scale Natural Refrigerant Heat Pump Market is anticipated to grow from estimated USD 7.28 billion in 2025 to USD 14.90 billion by 2030, at a CAGR of 15.4% during the forecast period. Large scale natural refrigerant heat pumps, particularly those using natural refrigerants, deliver superior performance through a high COP, enabling them to produce significantly more thermal energy per unit of electricity consumed than conventional heating systems. Their ability to extract and upgrade low-grade heat from ambient sources or industrial waste streams makes them an ideal technology for meeting stringent energy efficiency standards while contributing to long-term sustainability and cost optimization.

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By capacity, 20–200 kW segment is expected to dominate the market during the forecast period.
The 20–200 kW capacity segment is increasingly in demand across a wide range of medium-sized commercial and institutional buildings, including hotels, educational facilities, healthcare centers, office buildings, and multi-unit residential complexes. These facilities require consistent, efficient, scalable heating and cooling solutions that adapt to varying load demands. Natural refrigerant heat pumps—using CO2, propane, or ammonia—are ideally suited for this segment, offering high energy efficiency, low environmental impact, and compliance with evolving building codes and climate policies. Their compact design, quiet operation, and ability to deliver heating and cooling make them particularly attractive for urban installations and retrofits.
By refrigerant, the Ammonia (R-717) segment is projected to be the second largest segment during the forecast period.
The Ammonia (R-717) segment is growing consistently as the global regulatory landscape is rapidly evolving to curb the use of high-GWP (Global Warming Potential) refrigerants, significantly influencing the market demand. Landmark policies—such as the EU’s F-Gas Regulation, the US AIM Act, and Canada’s HFC reduction plan—are mandating a phasedown of synthetic refrigerants with high climate impact. In response, commercial building owners are proactively transitioning to natural refrigerants like ammonia (R717). These substances offer ultra-low or zero GWP, regulatory compliance, and long-term viability. By adopting natural refrigerant heat pumps, commercial facilities can meet current and upcoming environmental mandates and enhance sustainability credentials, reduce operational risk, and ensure future readiness in a carbon-constrained economy.
By region, the Asia Pacific segment is anticipated to hold the largest market share during the forecast period.
Across the Asia Pacific region, there is a notable shift in both public perception and corporate responsibility regarding environmental sustainability. Heightened awareness of climate change, air quality, and resource efficiency influences consumer preferences and stakeholder expectations. At the same time, businesses are increasingly aligning with global ESG (Environmental, Social, and Governance) standards, integrating sustainability into their operations and value chains. This growing emphasis on climate-conscious practices fuels demand for clean, low-carbon technologies—such as large scale natural refrigerant heat pumps—which offer long-term environmental benefits, regulatory compliance, and reputational value. As a result, these systems are viewed not just as technical upgrades, but as strategic investments in corporate climate resilience and public trust.
Key Market Players
Some of the major players in the Large Scale Natural Refrigerant Heat Pump Market are Johnson Controls (US), Siemens Energy (Germany), GEA Group Aktiengesellschaft (Germany), Mitsubishi Electric Corporation (Japan), and Panasonic Holdings Corporation (Japan). The major strategies adopted by these players include acquisitions, product launches, agreements, partnerships, and expansions.
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Siemens Energy (Germany)
Siemens Energy (Germany) is in the energy business, specializing in industrial applications, generation, transmission, and renewables. The company operates its business through four segments: Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa. The company produces and distributes large scale natural refrigerant heat pumps through the Gas Services segment.
The Gas Services segment offers solutions related to gas and steam turbines, large generators, heat pumps, and control technology. It serves a broad range of customers, like utilities, industrial clients, oil and gas companies, and data centers. The division supports clean energy goals by enabling turbines to use hydrogen and other low-emission fuels. In recent years, Siemens Energy has made several strategic decisions, such as agreements and contracts, to position itself for growth in the Large Scale Natural Refrigerant Heat Pump Market. For example, in October 2023, Siemens Energy received a contract from MVV GmbH to supply and integrate a 20 MWth river-source heat pump into Mannheim’s district heating network. The system uses Rhine River water and renewable electricity to deliver heat up to 99°C, serving around 3,500 households and reducing ~10,000 tons of CO2 annually. Siemens Energy operates in more than 90 countries and has its geographic presence in regions like Europe, the Middle East, C.I.S, Africa, the Americas, Asia, and Australia.
Johnson Controls (Ireland)
Johnson Controls (Ireland) is a globally diversified company specializing in engineering, manufacturing operations, sales, building automation, fire & hazard protection, industrial refrigeration, HVAC, security, and sustainability. The company operates through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company provides deeper insights into building health, sustainability, and performance using AI and data-driven solutions. In recent years, Johnson Controls has made several strategic decisions, such as expanding to position itself for growth in the Large Scale Natural Refrigerant Heat Pump Market. For example, in Mar 2024, Johnson Controls expanded its heat pump and chiller facility in Nantes, France, doubling its production space. The upgraded site, now fully operational, is the company’s primary manufacturing hub in Europe for York-branded “extra-large” heat pumps and chillers. The expansion includes two new buildings, advanced tools for assembly, and enhanced production efficiency. The company offers intelligent building solutions, efficient energy solutions, integrated infrastructure, and next-generation transportation systems with a geographical presence in North America, the Asia Pacific, Europe, and other regions.
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Polylactic Acid Market worth $4.51 billion by 2030 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 18, 2025 /PRNewswire/ — The report “Polylactic Acid Market by Grade (Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade), Application (Rigid Thermoforms, Films & Sheets, Bottles), End-use Industry (Packaging, Consumer Goods, Agricultural, Textile, Bio-Medical), Raw Material (Sugarcane, Corn starch, Cassava, Sugarbeet), and Region – Global Forecast to 2030 “, polylactic acid (PLA) market is expected to reach USD 4.51 billion in 2030 from USD 2.01 billion in 2025, registering a CAGR of 17.5% during the forecast period.

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The PLA market is at an indispensable momentum, driven by developments in upstream sourcing and fermentation technology, and the ongoing demand growth within downstream end-markets. PLA, one of the leading bio-based plastics, continues to make inroads as an alternative to petroleum-based plastics, primarily in packaging, textiles, consumer products, and biomedical applications where environmental performance and compliance are mandatory. Other new developments surrounding PLA applications, such as in 3D printing filaments, nonwovens, and biocomposites, and also the relocalization of supply chains, which improves circularity and lowers carbon footprints, are rapidly strengthening the global transition toward PLA. Processing technologies have significantly evolved, and improvements in feedstock diversification (e.g., use of non-food biomass, agricultural waste) should also reduce the dependence on traditional feedstock, which is forecast to further expand PLA’s uptake. Both policy momentum and shifting consumer preferences toward lower-impact and renewable material solutions should contribute to continued strong growth in demand for PLA during the forecast period.
The Rigid Thermoforms Segment Accounted for the Largest Share of the Polylactic Acid Market in 2024.
The rigid thermoforms application segment accounted for the largest share of the global PLA market in 2024. The adoption of PLA in rigid thermoforms is likely attributed to PLA’s recent penetration into new markets like food trays, clamshell packaging, lids, and disposable containers. Many consumers, retailers, and foodservice companies, as well as consumer goods manufacturers, are becoming more comfortable with replacing traditional plastics with PLA, and rigid thermoforms will be increasingly popular with PLA being adopted as a replacement. There was a fundamental shift to support eco-friendly packaging as well as more regulations around single-use, petrochemical plastics that drove PLA thermoformed product demand. PLA thermoformed products have the benefits of clarity, shape retention, and compostability to support the sustainability goals of the brands and even the consumers they are marketed to. With continued growth in the e-commerce, packaged food, and QSR segments of the market, the rigidity of some PLA packaging formats will continue to be requested.
The Sugarcane Segment Accounted for the Largest Share of the Polylactic Acid Market in 2024.
In 2024, the sugarcane segment represented the largest market share across the globe of PLA by raw material. Sugarcane is increasingly favored because it has a higher fermentable sugar content than other bio-sourced feedstocks, is quickly renewed, and offers an excellent carbon footprint. The sugarcane can be substituted in the Asia-Pacific and Latin America markets, as both regions have strong sugarcane supply chains. Sugarcane-PLA is favored within the packaging sector, especially by companies that are augmenting their environmental credentials and using bio-sourced, non-GMO, and low-emission materials. The leading producers, such as TotalEnergies and Corbion, have built integrated PLA production facilities with sugarcane as a core feedstock; they also contribute to the development of global availability and the commercial scalability of products sourced from sugar-based PLA. Sugarcane is the only feedstock that can produce biopolymer at a near-industrial scale. It is the most commercially viable PLA feedstock as the world continues to develop and emerge as locations of market attractiveness.
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Thermoforming Grade Accounted for the Largest Share of the Polylactic Acid Market in 2024.
By grade, the thermoforming grade PLA segment held the largest share of the global PLA market in 2024. This is largely due to its optimized performance characteristics, including dimensional stability, good processability, and clarity, making it the preferred material for forming rigid packaging structures. Due to the uses of clay or synthetic clay, using polymers seems attractive to consumers and is in high demand; therefore, thermoforming grade PLA is particularly high in demand not only in finished products but in packaging lines in food and cosmetics and packaged consumer electronics, in which heat-resistant and form-retaining materials are critical. Because PLA is continuously being formulated, including improvements in its crystallinity and impact resistance, this thermoforming segment will be expanded to applications that have some mechanical performance requirements. Given the sheer scale of global thermoforming activity and the fact that many of the uses of polystyrene and PET can be replaced with PLA, this segment holds a strong position in the overall PLA market.
Asia Pacific Accounted for the Largest Share of the Global Polylactic Acid Market in 2024.
In 2024, Asia Pacific generated the largest revenue and had the largest volume in the global polylactic acid (PLA) market. The region has rapidly developed into a center for bioplastics manufacturing, encouraged by plentiful agricultural feedstocks, a large consumer market in the region, and increasingly strict environmental policies that are adapting to achieve plastic waste diversion strategies. Key countries such as China, Thailand, Japan, and India are stimulating regional PLA growth through government support for bio-based/natural sources and expansion of compostable packaging mandates. China is deploying its investment through public-private partnerships whereby PLA manufacturing is expanding through feedstock developments, institutional financing, and sustainability strategies. Thailand is well equipped to support developing PLA manufacturing from its position as a top country for sugarcane production, so sugarcane is readily available for PLA production. India has demonstrated an increased acceptance of sustainable product packaging and will continue to see demand growth with more interest in domestic bio-refinery operations. Overall, Asia Pacific offers a wide selection of lower-cost raw materials to order from, greater access to developing consumer end-use markets, and a good investment climate for bio-based technologies. These factors combine to affirm Asia Pacific’s role as a leader in the global PLA market.
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Key Players
The Polylactic Acid market major players such as NatureWorks LLC (US), TotalEnergies Corbion (Netherlands), BASF SE (Germany), COFCO (China), Futerro (Belgium), Danimer Scientific (US), TORAY INDUSTRIES, INC. (Japan), Evonik Industries (Germany), Mitsubishi Chemical Group Corporation (Japan), UNITIKA LTD. (Japan).
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MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
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Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
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Aviation Fuel Market Estimated to Reach USD 751.01 Billion by 2032 | SkyQuest Technology Consulting
The increase in international travel has led to a rise in the use of aviation fuel. The continuous increase in the flow of people and goods, which calls for more flights and increases fuel consumption, lends credence to this. Airlines are forced to buy fuel quickly because of these trends, which increases their market share overall. Production processes are becoming more and more important, in addition to the advancement of renewable energy and alternative fuel sources. The industry’s transition to cleaner aviation fuels is not only good for the environment, but it also raises health regulations. It exemplifies the industry’s deeper context, the move toward environmental sustainability.
WESTFORD, Mass., Aug. 18, 2025 /PRNewswire/ — SkyQuest Technology Consulting published a report, titled, “Aviation Fuel Market – Global Opportunity Analysis and Industry Forecast, 2025-2032″, valued at USD 351.11 Billion in 2024. With a projected CAGR of 10.11% from 2025 to 2032, the market is expected to reach USD 751.01 Billion by the end of 2032. This growth is attributable to new joint ventures and large-scale production activities in the sector.

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Aviation Fuel Market Key Growth Drivers
The development and growth of fuel efficiency perseverance through the expansion of aircraft design and engineering businesses creates a good business opportunity because of a higher return on investment. These developments benefit the aviation fuel market by bringing down the cost of fuel for airline companies, which is beneficial given the rising demand for fuel with lower carbon emissions.
In addition, the use of renewable materials to produce SAF renewable additive fuels has created new opportunities for Plain SAF’s competitive advantages since these free resources have been widely marketed for sale. Airlines use SAF in their fleets to lower CO2 as part of global sustainability goals. This raises the demand for SAF considerably in addition to bringing new infrastructure and investment opportunities for the aviation fuel industry.
Recent Developments in Aviation Fuel Market
- In September 2024, TotalEnergies and Air France-KLM signed a significant agreement for TotalEnergies to supply up to 1.5 million tons of sustainable aviation fuel (SAF) over ten years, beginning in 2024. This partnership aims to support Air France-KLM’s decarbonization goals, including a 30% reduction in CO₂ emissions per passenger/km by 2030, compared to 2019 levels.
- In April 2024, Boeing committed to purchasing 7.5 million gallons of blended Neste MY Sustainable Aviation Fuel™, marking its largest SAF acquisition. This 30% SAF blend, supplied through EPIC Fuels and Avfuel, supports Boeing’s ecoDemonstrator program and aligns with its goal to reduce greenhouse gas emissions in U.S. commercial operations.
- In February 2024, Airbus and TotalEnergies signed a strategic partnership to enhance the decarbonization of aviation through sustainable aviation fuels (SAF). TotalEnergies will supply over half of Airbus’s SAF needs in Europe, and both companies will collaborate on research and innovation programs to develop 100% sustainable fuels tailored to current and future aircraft designs.
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Major Challenges in Aviation Fuel Industry
The primary factor preventing the aviation fuel market from expanding is expected to be the cost of fuel. The high cost is likely to be a barrier to market expansion. Since jet fuel is a derivative of Brent crude oil, the reason for the rise in fuel prices is the higher price of Brent crude oil. The price of Brent crude oil is rising as a result of the mismatch between supply and demand. Despite the rising demand for Brent crude oil, prices are driven up by the lack of production. Saudi Arabia, one of the founding members of the Organization of the Petroleum Exporting Countries (OPEC), significantly cut back on its crude oil production. They claimed that the weakening global economy and rising interest rates in some western countries were the reasons behind the production cut, which accounted for 2% of global supply.
The market is predicted to suffer since low-income nations might not be able to pay the exorbitant airfares brought on by these factors. Asia Pacific and Africa are two of the price-sensitive regions. Due to their lower per capita incomes, developing countries in the region are unable to purchase pricey tickets.
Competitive Landscape
ExxonMobil is expected to generate USD 339.9 billion in 2024, followed by Chevron with USD 194.7 billion, Total with USD 210.2 billion, Shell with USD 302 billion, and Reliance Petroleum with USD 15.7 million. These are the top five companies in the aviation fuel industry. Each business contributes to the growth of the regional aviation fuel sector.
ExxonMobil, Shell, Chevron, and Total are the industry leaders in aviation fuel, working tirelessly to supply jet fuel to airlines worldwide. Those airlines have some refinishing and distribution capabilities to guarantee product quality. These businesses follow safety and fuel performance regulations and operate across several regions. British Airways, Eastern Canadian Airlines, and Australian Airlines Corporations all maintain efficient fuel emissions carbon consumption to help lower carbon emissions.
The major players in the Aviation Fuel industry include,
- Neste Corporation
- Exxon Mobil Corporation
- Chevron Corporation
- BP plc
- Shell plc
- TotalEnergies SE
- Indian Oil Corporation Ltd.
- Valero Energy Corporation
- Phillips 66 Company
- Bharat Petroleum Corporation Limited
- LanzaTech Global, Inc.
- World Energy LLC
- Gevo, Inc.
- Petróleo Brasileiro S.A
- OMV Aktiengesellschaft
- China Petrochemical Corporation
- Vitol
- Essar Group
- World Kinect Corporation
- Aemetis, Inc.
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Aviation Fuel Market Segmental Analysis
The global aviation fuel market is segmented into fuel processing technology, aircraft type, fuel type, end user, and region. By fuel processing technology, the market is classified into conventional, hydrotreating, catalytic cracking, isomerization, blending, synthetic fuel, water electrolysis, reverse water-gas shift, hydrocracking & fractionation, biofuel, alcohol-to-jet conversion, and biomass-to-liquid. Depending on aircraft type, it is divided into fixed wing, military aviation, business & generation aviation, rotary wing, military helicopter, unmanned aerial vehicle (UAV), and defense & military. According to fuel type, the market is categorized into conventional aviation fuel, sustainable aviation fuel, hydrogen fuel, power-to-liquid, and gas-to-liquid. As per end user, it is segregated into airline, government & military, and non-scheduled operator.
- By fuel processing technology, hydrotreating, especially the Hydroprocessed Esters and Fatty Acids, Synthetic Paraffinic Kerosene (HEFA-SPK) pathway, dominated the market in 2024. It had the biggest market share among sustainable aviation fuel (SAF) technologies due to its proven scalability, compatibility with modern jet engines, and widespread regulatory acceptance. Large producers such as Neste and World Energy have significantly expanded the capacity of HEFA production worldwide.
- By aircraft type, fixed-wing aircraft, which include freight, commercial, and military aircraft, will consume more than 72% of aviation fuel in 2023–2024. Due to its extensive use in the transportation of people and goods, gasoline is in high demand worldwide.
- By fuel type, the primary fuel for airplanes is still jet A/A-1, which will account for about 96% of the market in 2024. Sustainable aviation fuel’s current infrastructure, dependability, and engine compatibility keep it at the top even if more people become interested in it.
- By end user, the commercial aircraft category is the largest users of aviation fuel in 2024, accounting for more than 60% of total usage. Due to the large number of passenger and freight flights, commercial aviation is the primary cause of the world’s gasoline consumption.
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Regional Outlook
North America held the largest aviation fuel market in 2024 due to its robust commercial aviation sector, ongoing additions of SAF (Sustainable Aviation Fuel), and robust regulatory support. SAF gained popularity due to the U.S. Inflation Reduction Act and incentives for producing biofuel. The continued use of conventional and alternative aircraft fuels was ensured by major airlines and regional defense operations.
Asia-Pacific expanded at the fastest rate in 2024 due to aggressive fleet growth, a growing middle class, and more people traveling. Much money was spent on creating SAF throughout the region, particularly in Southeast Asia, China, and India. As defense spending increased and infrastructure improved, both the military and the civilian sectors required more types of aviation fuel.
Europe is significantly ahead in 2024 due to its stringent environmental laws, such as the EU ETS (Emissions Trading System), which mandated SAF blending and carbon pricing. SAF production and usage increased as a result of the region’s focus on decarbonizing aviation and collaboration between airlines and fuel suppliers. Power-to-liquid fuels and hydrogen are also very popular in the European market.
The LAMEA aviation fuel market grew steadily in 2024. Due to its extensive refinery capacity and importance on international aviation routes, the Middle East had a significant impact. Regional air travel increased in Latin America, and new airline routes and infrastructure upgrades in Africa increased demand. Comparatively speaking, this region’s adoption of SAF was still quite low.
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