The Global Sustainable Aviation Fuel Market size was valued at USD 610 billion in 2022 and is projected to grow at a CAGR of around 56.32% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Sustainable Aviation Fuel Market
Sustainable Aviation Fuel Market Driver: A Sudden Surge in The Number of Agreements among Airlines & SAF Producers
As the airlines continue prioritizing their climate goals, there has been a significant inclination towards renewable fuels. It is because these companies have recognized the potential of SAF in delivering the performance of petroleum-based jet fuel while leaving minimal carbon footprints, enabling the aviation industry to embrace decarbonization on a much larger scale. Given this, there has been massive investment in non-bio-oil technologies and feedstock, such as biomass and ethanol-to-jet fuel, resulting in the emergence of more producers, in turn, positively influencing the market dynamics.
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Scope of the Report and Sustainable Aviation Fuel Market Segmentation
By Fuel Type
-Hydrogen Fuel
-Biofuel
-Power to Liquid Fuel
- Biofuel is anticipated to continue dominating the Global Sustainable Aviation Fuel Market with the largest share during the forecast period.
By Manufacturing Method
-Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
-Hydroprocessed Esters and Fatty Acids (HEFA-SPK)
-Hydroprocessed Fermented Sugars to Synthetic Isoparaffins (HFS-SIP)
-FT-SPK with aromatics (FT-SPK/A)
-Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK)
-Catalytic hydrothermolysis synthetic jet fuel (CHJ)
By End Users
-Military Aviation
-Business and General Aviation
-Commercial Aviation
By Blending Capacity
-Below 30%
-30% to 50%
-Above 50%
Top leading companies in the Sustainable Aviation Fuel Market includes:
Gevo Inc., Eni SPA, Neste Oyj, Fulcrum Bioenergy, SKYNRG, Avfuel Corporation, Velocys, Red Rock Biofuels, Sundrop Fuels Inc., ZeroAvia, Inc., Aemetis, Inc., Ballard Power Systems, SG Preston Company and Others
Sustainable Aviation Fuel Market Development
- In December 2022, Fulcrum BioEnergy successfully completed the manufacturing of first ever low-carbon fuel from landfill waste at its Sierra biofuels plant.
- In March 2022, Avfuel Corporation disclosed its plan to consistently supply Neste MY Sustainable Aviation FuelTM to Del Monte Aviation (KMRY).
For more detailed information about the Sustainable Aviation Fuel market report, click here – https://www.marknteladvisors.com/research-library/global-sustainable-aviation-fuel-market.html
Geographical analysis:
North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Others
Asia-Pacific: China, India, Japan, South Korea, Others
South America: Brazil, Others
Middle East & Africa: GCC, South Africa, Others
- North America is anticipated to display the fastest market growth during the forecast period.
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