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.

1. MARKET RESEARCH REPORT
UPDATED SAMPLE 2024-30
MARKNTEL ADVISORS
Global Sustainable Aviation
Fuel Market Research Report:
Forecast (2023-2028)

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4. Market Insights
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. The growth of the market would be driven
primarily by the escalating concerns over the accumulative
carbon & Green House Gas (GHG) emissions worldwide,
which has compelled numerous sectors to come up with
more sustainable solutions. Since the aviation industry is
one of the prominent contributors to the increasing global
burden of such emissions, the emergence of sustainable
aviation fuels seems promising, i.e., instigating the demand
for fuel alternatives like hydrogen fuel, biofuel, & power-to-
liquid fuel, etc.

5. Market Drivers
Global 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.

6. Market Segments
By Fuel Type (Hydrogen Fuel, Biofuel, Power to Liquid Fuel), 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%), By
Region (North America, South America, Europe, Asia Pacific,
Middle East & Africa)

7. Top Companies
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

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