The Global Sustainable Aviation Fuel Market was worth US$ 72.10 million in 2021 and is anticipated to reach the valuation of US$ 5998.20 million by 2027 and is predicted to register a CAGR of 56.4% during 2022-2027.
Sustainable aviation fuel is a specific type of gasoline that is designed to be used in planes while also increasing their efficiency. Sustainable aviation fuels are made from renewable resources and have a chemistry that is quite comparable to traditional fossil jet fuel. Increased use of sustainable aviation fuels reduces carbon emissions when compared to regular jet fuel because it replaces the fuel's lifespan. To create a sustainable environment and meet severe regulatory limits on emissions, the aviation industry is leaning toward reducing carbon footprints.
Aviation fuel usage is expected to rise as the aviation sector expands and worldwide trade expands. As a result, the demand for sustainable aviation fuel will increase dramatically in the future in order to attain a sustainable environment.
Airlines transported 4.3 billion passengers in 2018, according to figures supplied by the International Civil Aviation Organization (ICAO). Furthermore, by 2040, the number of airline passengers is predicted to exceed 10.0 billion, necessitating the purchase of additional planes to convey people from point A to point B. This in turn increases the size of the aircraft fleet and the frequency of flights, which necessitates efficient fuels and, boosting the worldwide sustainable aviation fuel market.
Sustainable aviation fuel is a greener alternative to fossil fuel, reducing greenhouse gas emissions by up to 80% throughout the course of the fuel's lifecycle when compared to regular fossil jet fuel. As a result, airlines are able to reduce their environmental impact. The gasoline burns cleanly without Sulphur, oxygen, or aromatics and has a higher energy content, reducing dangerous particle Sox and Nox emissions.
Using sustainable aviation fuel is an excellent method to demonstrate to stakeholders and customers your company's commitment to sustainability. Your airline can support a cleaner future for aviation and the earth by aggressively championing the use of sustainable aviation fuels.
Consumers are increasingly looking for more environmentally friendly solutions in their life, with the aviation industry aiming to cut CO2 emissions in half by 2050 compared to 2005 levels. Giving your clients the option of using sustainable aviation fuel – for example, by establishing a scheme where they can purchase it at the same time as their flights – can only be a good thing.
Cumulatively, all these factors are contributing to the expansion of the global sustainable aviation fuel market industry.
The COVID-19 epidemic has had a negative impact on the worldwide economy. The installation of a lockdown, the suspension of domestic and international flights, and air travel limitations for non-essential travel have all had a negative influence on the long-term growth of the sustainable aviation fuel industry. Also, due to a limited workforce and a temporary halt in production activities to prevent the spread of coronavirus, new aircraft deliveries have been delayed, affecting demand for sustainable aviation fuel.
A rise in crude oil prices has a greater impact on airlines, as an aircraft uses 14 liters of fuel per kilometer on average, resulting in higher operating costs. Thus, rise in crude oil prices restrict market expansion.
Market Size Available
2021 – 2027
2022 - 2027
By Fuel Type, Platform, Blending Capacity, and Region.
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Aemetis, Inc., Avfuel Corporation, Fulcrum Bioenergy, Gevo, Lanzatech, Neste, Preem AB, Sasol, SkyNRG, World Energy and Others.
The biofuel segment of the sustainable aviation fuel market will account for the biggest share during the projected period, based on fuel type. Biofuel's greatest promise lies in its ability to reduce GHG emissions in the aviation sector while also having a positive impact on climate change. A major driving force behind biofuel development and consumption has been the aviation sector's strong and ongoing commitment, as well as the active involvement of an increasing number of stakeholders, such as airlines and many aviation organizations, in developing biofuel through voluntary initiatives. Due to substantial advancements in technology approaches to commercialize the use of alternative jet fuel, biofuel production is likely to grow up rapidly in the coming decade.
According to the platform, throughout the projected period, the commercial aviation segment of the sustainable aviation fuel market would account for the highest share. The increase in the aircraft fleet of emerging economies in the commercial aviation sectors can be linked to the growth of this market. The adoption of renewable jet fuel by numerous commercial airlines, commercial airports, and aircraft manufacturers around the world is propelling this area of the sustainable aviation fuel market forward.
The 30% to 50% category of the sustainable aviation fuel market is predicted to develop at the fastest CAGR over the forecast period, based on biofuel blending capacity. The modest mix capacity, drop-in facility in existing fuel systems, supply logistics infrastructure, and aircraft fleet enable the overall cost to be kept low while meeting the volume demands of commercial and military aviation.
The Global Sustainable Aviation Fuel Market Report includes the segmentation of regions:
North America is thought to have the largest aircraft fleet and the highest number of passengers per year, resulting in a significant increase in aircraft emissions. The United States and Canada are focusing on numerous projects to use sustainable aviation fuel to meet the need for reduced carbon footprints owing to increased air traffic and air passengers. The North American market is considered to be one of the strongest demand centers for sustainable aviation fuel due to supportive legislation and measures to reduce aviation emissions. To achieve the goal of decarbonizing the aviation sector, switching to more energy-dense biofuel is expected to play a key role in reducing GHG concentrations across the region.
Market Key Players:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Sustainable Aviation Fuel Market, By Fuel Type
6.1.1 Bio fuel
6.1.2 Hydrogen Fuel
6.1.3 Power to Liquid Fuel
6.1.4 Market Size Estimations & Forecasts (2022-2027)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Sustainable Aviation Fuel Market, By Platform
6.2.1 Commercial aviation
6.2.2 Military aviation
6.2.3 Business & general aviation
6.2.4 Unmanned aerial vehicle
6.2.5 Market Size Estimations & Forecasts (2022-2027)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Sustainable Aviation Fuel Market, By Blending Capacity
6.3.1 Below 30%
6.3.2 30% to 50%
6.3.3 Above 50%
6.3.4 Market Size Estimations & Forecasts (2022-2027)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Sustainable Aviation Fuel Market, by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.2 By Fuel Type
7.2.3 By Platform
7.2.4 By Blending Capacity
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Fuel Type
7.3.3 By Platform
7.3.4 By Blending Capacity
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Fuel Type
7.4.3 By Platform
7.4.4 By Blending Capacity
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Fuel Type
7.5.3 By Platform
7.5.4 By Blending Capacity
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Fuel Type
7.6.3 By Platform
7.6.4 By Blending Capacity
8. Key Player Analysis
8.1 Aemetis, Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Avfuel Corporation
8.3 Fulcrum Bioenergy
8.7 Preem AB
8.10 World Energy
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
The sustainable aviation fuel market volume is huge, it generated revenue of US$ 72.10 million in 2021 and is anticipated to reach the valuation of US$ 5998.20 million by 2027.
For the forecast period, 2022 – 2027 the market is expected to grow with a CAGR of 56.4%.
Aemetis, Inc., Avfuel Corporation and Fulcrum Bioenergy are the three sustainable aviation fuel key players.
Increase in aviation fuel usage and number of travelers are influencing elements in the worldwide sustainable aviation fuel market.
London Heathrow airport situated in United Kingdom is the leading consumer of SAF.
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.