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According to a report by Fortune Business Insights™ titled "Sustainable Aviation Fuel Market
Size, Share, Forecast 2025–2032," the sustainable aviation fuel (SAF) market was valued at
USD 1,845.2 million in 2024 and is projected to rise to USD 2,723.8 million in 2025. By 2032,
the market is expected to reach USD 28,636.36 million, reflecting a remarkable compound
annual growth rate (CAGR) of 48% over the forecast period.
SAF is an environmentally friendly alternative to conventional jet fuel, produced from non-
petroleum-based feedstocks. It plays a vital role in lowering carbon emissions from aviation
and supports the industry's shift toward more sustainable operations. SAF can be blended
with traditional jet fuel in ratios typically ranging from 10% to 50%, depending on the
production method and feedstock. The increasing awareness of aviation's environmental
impact is anticipated to be a key driver of market growth in the coming years.
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aviation-fuel-saf-market-111563
Key Players:
Neste (Finland)
World Energy (U.S.)
Gevo, Inc. (U.S.)
Alder Fuels (U.S.)
SkyNRG (Netherlands)
Air BP (U.K.)
Shell Aviation (Netherlands)
TotalEnergies (France)
Vitol Aviation (Switzerland)
LanzaTech (U.S.)
Fulcrum Bioenergy (U.S.)
Segmentation: Sustainable Aviation Fuel Market
High Compatibility With Existing Aircraft Increased Use of Biomass-based SAF
Based on type, the market is divided into biofuel and synthetic fuel. The biofuel segment
captured the biggest market share in 2024 as this type of fuel is quite compatible with the
current aircraft, thereby facilitating easier integration when compared to other fuel types.
HEFA-SPK Technology to Gain Major Traction Due to Strong Government Support for
Renewable Fuels
Based on technology, the market is classified into HEFA-SPK (Hydroprocessed Esters and Fatty
Acids Synthetic Paraffinic Kerosene), FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene),
ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene), and others. Others include HFS-SIP
(Hydroprocessed Fermented Sugars to Synthetic Isoparaffins), Co-processing, Electro-fueled
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sustainable aviation fuel, and other technologies used to develop SAF. The HEFA-SPK segment
is anticipated to dominate the global market as governments across the world are
implementing various policies to support the production and use of renewable fuels.
Net-Zero Emission Goals of Airlines Boosted Use of Sustainable Aviation Fuel in Blending
Capacity of 30-50%
Based on blending capacity, the sustainable aviation fuel market is segmented into 5% to 30%,
30% to 50%, and above 50%. The 30-50% segment held the biggest global Sustainable Aviation
Fuel (SAF) market share in 2024 as several airlines and airports across the world have made
their commitment to achieving net-zero emissions.
Rising Awareness of Environmental Impact of Conventional Jet Fuel Boosted Product Use in
Commercial Aviation
Based on end use, the market is classified into commercial aviation, military aviation, and
others. Others include business and general aviation. The commercial aviation segment
dominated the market in 2024 as there is a rising global awareness about the environmental
effects of using traditional jet fuel in commercial planes.
Product Adoption Rose in Fixed-Wing Aircraft Owing to Government Support for
Developing SAF
Based on application, the market is segmented into fixed-wing aircraft and rotary-wing
aircraft. The fixed-wing aircraft segment held the biggest market share in 2024 as
governments across the world are offering their support in the form of subsidies and
incentives to encourage the development and sale of Sustainable Aviation Fuel (SAF). This
encouraged fixed-wing aircraft manufacturers to use this fuel.
The global market report analyzes the market’s growth across regions, such as North America,
Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas,
such as leading types, technologies, applications, and prominent market players. It has also
focused on the latest market trends and the key industry developments. Apart from the
aforementioned factors, the report has given information on many other factors that have
helped the market grow.
Drivers and Restraints:
Increasing Demand for Alternative Fuels to Boost Product Adoption
Industries across the world, including aviation, are becoming aware of the harmful effects of
using fossil fuels on the environment, such as global warming and climate change. This factor
has prompted them to take various measures to reduce their greenhouse gas emissions and
make their business operations eco-friendlier. This is expected to fuel the adoption of
Sustainable Aviation Fuel (SAF) in the aviation sector as this fuel has the potential to decrease
emissions by nearly 80%, depending on the production technique and type of feedstock used.
This can make the aviation industry more sustainable in its operations.
However, high cost and limited availability of feedstock can hinder the Sustainable Aviation
Fuel (SAF) market growth.
Regional Insights:
North America Dominated Global Market Owing to Implementation of Strict Environmental
Regulations
North America held the biggest sustainable aviation fuel market share in 2024 and might
retain its dominance during the forecast period as well as governments across the region have
imposed several stringent environmental regulations to reduce their carbon emissions. They
have also formulated various policies to support the adoption of cleaner fuels in various
industries.
Europe is also increasing its reliance on Sustainable Aviation Fuel (SAF) owing to the strict
regulations imposed by the governments to decrease the carbon emissions of its industries,
including aviation.
Competitive Landscape:
Market Players to Focus On Launch of Innovative Fuels to Cater to Wider Audience
Some of the top companies driving the global Sustainable Aviation Fuel (SAF) market growth
are focusing on developing and launching a wide range of eco-friendly fuels for different
industries. They are increasing their investments in research & development programs to find
out about the latest technologies and use them to manufacture SAF.
Notable Industry Development:
September 2024- TotalEnergies signed an agreement with Air France-KLM to help the former
deliver around 1.5 million tons of Sustainable Aviation Fuel (SAF) over a period of 10 years
until 2035. This deal was one of the biggest SAF purchase agreements for Air France-KLM to
date. It strengthened the airline’s dominance in the use of SAF, accounting for 17% and 16%
of the global SAF production in 2022 and 2023, respectively.