Global Sustainable Aviation Fuel Market Size, Share, Growth Analysis, By Type Industry Forecast 2023-2030

 

Global Sustainable Aviation Fuel Market size was valued at USD 212.50 billion in 2021 and is poised to grow from USD 344.29 billion in 2022 to USD 10090.39 billion by 2030, at a CAGR of 62.02% during the forecast period (2023-2030).

Compared to the conventional jet fuel it replaces, the use of sustainable aviation fuel reduces carbon emissions over the fuel's lifetime. Compared to the traditional jet fuel it replaces, sustainable aviation fuel offers a tremendous reduction in carbon emissions of up to 80% over the fuel's lifetime, depending on the sustainable feedstock used, the production method, and the supply chain to the airport. Utilising sustainable aviation fuel is permitted for any aircraft qualified to use the current jet fuel specification. The SAF is predicted to increase sustainability by eliminating 100% of waste and residues, reducing emissions by 80% of its value. In addition, it enhances aircraft performance while reducing aviation emissions when compared to fossil jet fuel. Its high level of energy and improved aromatic and oxygen content. The achievement of the aviation sector's carbon reduction goals depends in large part on sustainable aviation fuel. The market for sustainable aviation fuel is being positively impacted by the increase in the adoption of alternative solutions by different aviation industry stakeholders, such as hybrid-electric and all-electric aircraft, improved aero-engine efficiency through design modifications, and growing demand due to high fuel efficiency.

 

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Global Sustainable Aviation Fuel Market Segmental Analysis

Global Sustainable Aviation Fuel Market is segmented on the basis of type, aircraft type, platform and region. By type, the market is segmented into biofuel, hydrogen fuel, power to liquid fuel. By aircraft type, market is segmented into fixed wings, rotorcraft, others. By platform, the market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 

Top Player’s Company Profiles

•             Air BP Limited (United Kingdom)

•             Amyris Inc. (United States)

•             Avfuel Corporation (United States)

•             Biojet Corporation (Canada)

•             Cielo Waste Solutions Corp. (Canada)

•             Eni S.p.A. (Italy)

•             Gevo Inc. (United States)

•             Honeywell International Inc. (United States)

•             KLM Royal Dutch Airlines (Netherlands)

•             LanzaTech Inc. (United States)

•             Neste Corporation (Finland)

•             Neutral Fuels LLC (United Arab Emirates)

•             Nippon Airways Co. Ltd. (Japan)

•             North West Terminal Ltd. (Canada)

•             Red Rock Biofuels LLC (United States)

•             SkyNRG B.V. (Netherlands)

•             Solena Fuels Corporation (United States)

•             Sundrop Fuels Inc. (United States)

•             Total SE (France)

•             Velocys plc (United Kingdom)

•             World Energy LLC (United States)

•             Zhejiang Satellite Petrochemical Co. Ltd. (China)

 

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