The global sustainable aviation fuel market is expected to reach USD 9,837.25 million by 2033, at a CAGR of 49.94% from 2024 to 2033. The rising requirement for a reduction in GHG emissions in the aviation industry drives the expansion of the sustainable aviation fuel market. Sustainable Aviation Fuel (SAF) use is increasing significantly, and it will change the aviation sector. Compared to conventional jet fuels, SAF can decrease CO2 emissions by 80%.
Sustainable aviation fuel is a biofuel used to power aircraft that has similar properties to conventional jet fuel but with a smaller carbon footprint.. SAF is built from sustainable feedstocks and is equivalent in its chemistry to a traditional jet of fossil fuel. Typical feedstocks utilized are cooking oil & other non-palm waste oils from plants or animals, solid waste from homes & enterprises like textiles, paper, packaging, and food scraps that would otherwise go to landfill or incineration. Sustainable aviation fuel can be made with various technologies, which use chemical, physical, and biological reactions to break down biomass & waste resources and recombine them into energy-dense hydrocarbons.
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The human-caused greenhouse gas (GHG) emissions intensify the greenhouse impact, driving climate change. Carbon dioxide is radiated primarily via the combustion of fossil fuels like natural, coal, and oil gas. Moreover, some of the largest polluters worldwide are Russia and China. These pollutions are mainly driven due to OPEC-owned gas, coal, and oil corporations. This factor helps to drive market growth.
The increase in the number of people utilizing aircraft is one of the driving factors of the market growth. Further, the increasing number of air passengers and air transport service providers focuses on deploying a more significant number of aircraft. This factor also helps to drive market growth. Additionally, the increasing number of people in the middle-income group and the raised purchasing power also boost the market growth over the forecast period. Therefore, the upsurge in the number of aircraft and air passengers is helping to propel the market growth during the forecast period.
The fluctuations in oil costs and lubricant contamination are restraining the market growth. Further, the requirement for massive investments in the approval & certification of sustainable aviation fuels, and the inadequate availability of feedstock to produce these fuels are expected to restrain market growth factors.
The non-biological & biological resources like waste oil, sugar crops, oil crops, algae, etc., are the raw materials that play an essential role in the complete production chain of alternative aviation fuels like e-fuels, biojet fuels, and synthetic fuels. Further, the demand for sustainable aviation fuel comes to a standstill due to the insufficient supply of raw fabrics required for its production. Therefore, this factor is hampering the market growth.
The increasing inclination against producing fuel alternatives like sustainable aviation fuels allows farmers to increase biomass crops as an additional source of income during off-seasons & deliver feedstock to the industry. In addition, this risen production helps the soil by decreasing the loss of nutrients & improving its quality. Therefore, the leading players in the sustainable aviation fuel industry can witness profitable opportunities from the procurement, growth, and production of sustainable aviation fuels in the forthcoming years.
The global sustainable aviation fuel market has been segmented based on technology, platform, fuel type, biofuel blending capacity, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region emerged as the largest market for the global sustainable aviation fuel market with a 46.44% share of the market revenue in 2023.
North America Region Sustainable Aviation Fuel Market Share in 2023 - 46.44%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global sustainable aviation fuel industry.
Report Description:
As per The Brainy Insights, the size of the sustainable aviation fuel market was valued at USD 171.27 million in 2023 to USD 9,837.25 million by 2033.
Global sustainable aviation fuel market is growing at a CAGR of 49.94% during the forecast period 2024-2033.
North America region emerged as the largest market for the sustainable aviation fuel.
The market's growth will be influenced by the rising requirement for a reduction in GHG emissions in the aviation industry.
The fluctuations in oil costs and lubricant contamination could hamper the market growth.
The increasing government focus on promoting bio-jet fuels in the aviation sector will provide considerable opportunities to the market.
Key players are Neste Oyj, Gevo Inc., SKYNRG, Eni SPA, SG Preston Company, Avfuel Corporation, Sundrop Fuels Inc., Red Rock Biofuels, Velocys, Aemetis, Inc., Aemetis, Inc, Ballard Power Systems, ZeroAvia, Inc., SG Preston Company, and among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Technology
4.3.2. Market Attractiveness Analysis By Platform
4.3.3. Market Attractiveness Analysis By Fuel Type
4.3.4. Market Attractiveness Analysis By Biofuel Blending Capacity
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increase in the number of people utilizing aircraft
5.2.2. The rising disposable income
5.2.3. The rise in consumption of synthetic lubricant supplements
5.2.4. The rising requirement for a reduction in GHG emissions in the aviation industry
5.3. Restraints
5.3.1. The fluctuations in oil and gas prices
5.3.2. The inadequate availability of feedstock & refineries
5.4. Opportunities
5.4.1. The increasing government focus on promoting bio-jet fuels in the aviation sector
6. Global Sustainable Aviation Fuel Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
6.3. Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
6.4. Alcohol to Jet SPK (ATJ-SPK)
6.5. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
6.6. Catalytic Hydrothermolysis Jet (CHJ)
7. Global Sustainable Aviation Fuel Market Analysis and Forecast, By Platform
7.1. Segment Overview
7.2. Business & General Aviation
7.3. Commercial Aviation
7.4. Military Aviation
7.5. Unmanned Aerial Vehicle
8. Global Sustainable Aviation Fuel Market Analysis and Forecast, By Fuel Type
8.1. Segment Overview
8.2. Power to Liquid Fuel
8.3. Biofuel
8.4. Gas-to-Liquid
8.5. Hydrogen Fuel
9. Global Sustainable Aviation Fuel Market Analysis and Forecast, By Biofuel Blending Capacity
9.1. Segment Overview
9.2. Above 50%
9.3. 30% to 50%
9.4. Below 30%
10. Global Sustainable Aviation Fuel Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Sustainable Aviation Fuel Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Sustainable Aviation Fuel Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Neste Oyj
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Gevo Inc.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. SKYNRG, Eni SPA
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. SG Preston Company
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Avfuel Corporation
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Sundrop Fuels Inc.
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Red Rock Biofuels
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Velocys
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Aemetis, Inc.
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Ballard Power Systems
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. ZeroAvia, Inc.
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. SG Preston Company
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
List of Table
1. Global Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
2. Global Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
3. Global Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) , Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
4. Global Alcohol to Jet SPK (ATJ-SPK), Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
5. Global Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
6. Global Catalytic Hydrothermolysis Jet (CHJ), Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
7. Global Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
8. Global Business & General Aviation, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
9. Global Commercial Aviation, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
10. Global Military Aviation, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
11. Global Unmanned Aerial Vehicle, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
12. Global Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
13. Global Power to Liquid Fuel, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
14. Global Biofuel, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
15. Global Gas-to-Liquid, and Hydrogen Fuel, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
16. Global Others, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
17. Global Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
18. Global Above 50%, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
19. Global 30% to 50%, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
20. Global Below 30%, Sustainable Aviation Fuel Market, By Region, 2020 - 2033 (USD Million)
21. North America Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
22. North America Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
23. North America Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
24. North America Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
25. U.S. Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
26. U.S. Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
27. U.S. Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
28. U.S. Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
29. Canada Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
30. Canada Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
31. Canada Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
32. Canada Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
33. Mexico Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
34. Mexico Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
35. Mexico Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
36. Mexico Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
37. Europe Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
38. Europe Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
39. Europe Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
40. Europe Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
41. Germany Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
42. Germany Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
43. Germany Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
44. Germany Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
45. France Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
46. France Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
47. France Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
48. France Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
49. U.K. Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
50. U.K. Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
51. U.K. Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
52. U.K. Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
53. Italy Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
54. Italy Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
55. Italy Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
56. Italy Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
57. Spain Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
58. Spain Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
59. Spain Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
60. Spain Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
61. Asia Pacific Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
62. Asia Pacific Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
63. Asia Pacific Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
64. Asia Pacific Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
65. Japan Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
66. Japan Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
67. Japan Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
68. Japan Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
69. China Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
70. China Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
71. China Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
72. China Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
73. India Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
74. India Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
75. India Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
76. India Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
77. South America Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
78. South America Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
79. South America Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
80. South America Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
81. Brazil Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
82. Brazil Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
83. Brazil Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
84. Brazil Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
85. Middle East and Africa Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
86. Middle East and Africa Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
87. Middle East and Africa Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
88. Middle East and Africa Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
89. UAE Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
90. UAE Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
91. UAE Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
92. UAE Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
93. South Africa Sustainable Aviation Fuel Market, By Technology, 2020 - 2033 (USD Million)
94. South Africa Sustainable Aviation Fuel Market, By Platform, 2020 - 2033 (USD Million)
95. South Africa Sustainable Aviation Fuel Market, By Fuel Type, 2020 - 2033 (USD Million)
96. South Africa Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2020 - 2033 (USD Million)
List of Figures
1. Global Sustainable Aviation Fuel Market Segmentation
2. Global Sustainable Aviation Fuel Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Sustainable Aviation Fuel Market Attractiveness Analysis By Technology
9. Global Sustainable Aviation Fuel Market Attractiveness Analysis By Platform
10. Global Sustainable Aviation Fuel Market Attractiveness Analysis By Fuel Type
11. Global Sustainable Aviation Fuel Market Attractiveness Analysis By Biofuel Blending Capacity
12. Global Sustainable Aviation Fuel Market Attractiveness Analysis By Region
13. Global Sustainable Aviation Fuel Market: Dynamics
14. Global Sustainable Aviation Fuel Market Share By Technology (2023 & 2033)
15. Global Sustainable Aviation Fuel Market Share By Platform (2023 & 2033)
16. Global Sustainable Aviation Fuel Market Share By Fuel Type (2023 & 2033)
17. Global Sustainable Aviation Fuel Market Share By Biofuel Blending Capacity (2023 & 2033)
18. Global Sustainable Aviation Fuel Market Share By Regions (2023 & 2033)
19. Global Sustainable Aviation Fuel Market Share By Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global sustainable aviation fuel based on below mentioned segments:
Global Sustainable Aviation Fuel Market by Technology:
Global Sustainable Aviation Fuel Market by Platform:
Global Sustainable Aviation Fuel Market by Fuel Type:
Global Sustainable Aviation Fuel Market by Biofuel Blending Capacity:
Global Sustainable Aviation Fuel by Region:
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