Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.94 Billion | USD 149.10 Billion | 57.50% | 2024 |
FrequentlyAsked Questions
Sustainable aviation fuel is a renewable alternative to traditional jet fuel, obtained from sustainable feedstocks like municipal waste, agricultural residues, algae, and cooling oil. It offers up to 80% reduction in greenhouse emissions over the fuel's lifecycle, while maintaining compatibility with fueling infrastructure and existing aircraft engines.
The global sustainable aviation fuel market is projected to grow due to volatility in fossil fuel prices, increasing environmental mandates for carbon reduction, and growing public awareness of aviation’s ecological impact.
According to study, the global sustainable aviation fuel market size was worth around USD 3.94 billion in 2024 and is predicted to grow to around USD 149.10 billion by 2034.
The CAGR value of the sustainable aviation fuel market is expected to be around 57.50% during 2025-2034.
By 2034, the HEFA-SPK technology is projected to lead the SAF market due to its scalability, maturity, and strong policy support.
North America is expected to lead the global sustainable aviation fuel market during the forecast period.
The United States is a significant contributor to the global SAF market, driven by strong federal incentives like the Inflation Reduction Act and state-level LCFS programs. Its active airline offtakes, large production capacity, and technology advancements make it a leader in SAF deployment.
The key players profiled in the global sustainable aviation fuel market include Neste, World Energy, LanzaJet, Gevo Inc., Fulcrum BioEnergy, Velocys, Red Rock Biofuels, Honeywell UOP, Aemetis Inc., BP Biofuels, TotalEnergies, Shell Aviation, Alder Fuels, Virent Inc., and Carbon Clean Solutions.
Strict carbon reduction targets and mandates like EU ReFuelEU and CORSIA, along with U.S. IRA incentives, are fueling SAF growth, while feedstock and sustainability rules shape production.
The report examines key aspects of the sustainable aviation fuel market, including a detailed analysis of existing growth factors and restraints, as well as an examination of future growth opportunities and challenges that will impact the market.
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