Sustainable aviation fuel (SAF) market is anticipated to grow at a considerable CAGR of 48.5% during the forecast period. The growing demand for greener and cleaner fuels along with cohesive government policies has driven the growth of the global sustainable aviation fuel market. SAF is a biofuel used to power aircraft that has similar properties to conventional jet fuel with a smaller carbon footprint. Depending on the feedstock and technologies used to produce it, SAF can reduce life cycle GHG emissions dramatically compared to conventional jet fuel. Some emerging SAF pathways even have a net-negative GHG footprint. According to the US Environmental Protection Agency, SAFs lower carbon intensity makes it an important solution for reducing aviation GHGs, which make up 9.0%-12.0% of US transportation GHG emissions.
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Many SAFs contain fewer aromatic components, which enables them to burn cleaner in aircraft engines. This means lower local emissions of harmful compounds around airports during take-off and landing. Aromatic components are also precursors to contrails, which can exacerbate the impacts of climate change. In October 2022, Honeywell, launched a new ethanol-to-jet fuel (ETJ) processing technology to convert corn-based, cellulosic, or sugar-based ethanol into sustainable aviation fuel (SAF). Based on the type of ethanol feedstock used, jet fuel produced from the company’s ETJ fuel process can reduce greenhouse gas (GHG). Such developments are further fueling the market growth. The high costs of SAF restrain the growth of the global SAF market. Nevertheless, increasing demand from emerging regions like southeast Asia is anticipated to create lucrative opportunities for the global SAF market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Sustainable Aviation Fuel Market by Fuel Type
- Biofuel
- Hydrogen Fuel
- Power to Liquid Fuel
Global Sustainable Aviation Fuel Markey by Technology
- Fischer-Tropsch (FT)
- Hydroprocessed Esters and Fatty Acids (HEFA)
- Synthesized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)
Global Sustainable Aviation Fuel Market by Application
- Commercial
- Military
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aemetis, Inc.
- Alder Energy, LLC
- BP Plc
- Fulcrum BioEnergy Inc.
- Gevo Inc.
- Honeywell International Inc.
- LanzaTech Inc.?
- Neste Oyj
- Northwest Advanced Bio-fuels, LLC
- Preem AB
- Red Rock Biofuels LLC
- SAF + Consortium
- SG Preston Company
- SkyNRG BV
- Swedish Biofuels AB
- TotalEnergies SE
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sustainable aviation fuel market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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