The global sustainable aviation fuel (SAF) market is anticipated to grow at an exponential CAGR of 48.5% during the forecast period (2023-2030). As per the estimation of International Air Transport Association (IATA), SAF could contribute around 65.0% of the reduction in emissions needed by aviation to reach net-zero in 2050. The ongoing developments by key market players to meet the growing demand for sustainable fuel from aviation industry are key factors driving the growth of the global SAF market. For instance, in July 2023, Twelve, the carbon transformation company, started construction of its commercial-scale E-Jet sustainable aviation fuel production facility in Moses Lake, Washington. E-Jet fuel is a sustainable aviation fuel (SAF) produced using Twelve’s revolutionary carbon transformation technology, which uses only renewable energy and water to transform CO 2 into critical chemicals, materials and fuels conventionally made from fossil fuels, and in partnership with Emerging Fuels Technology.
Browse the full report description of “Sustainable Aviation Fuel Market Size, Share & Trends Analysis Report by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel, and Gas-to-Liquid), by Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AJT)), and by Application (Commercial and Military) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/sustainable-aviation-fuel-saf-market
Further, in May 2023, Honeywell announced its innovative, new, UOP eFining technology, a ready-now solution for producing low-carbon sustainable aviation fuel (SAF). HIF Global, an eFuels company, has intended to deploy the new technology to produce eSAF at its second US eFuels facility. In the same month, Oleo-X has announced the launch of its renewable diesel and sustainable aviation fuel (SAF) feedstock pretreatment facility. Located in Pascagoula, Mississippi, Oleo-X's facility has the potential capacity to produce up to 300 million gallons per year of premium feedstock. The company leverages its advanced pretreatment technology to innovate exceptionally clean, high-quality RD and SAF feedstocks, which enable partners to produce premium renewable fuels. Such developments are fuelling the SAF market globally.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Fuel Type
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Swedish Biofuels AB, TotalEnergies SE, Neste Oyj, SG Preston Company, Gevo Inc. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Sustainable Aviation Fuel Market Report Segment
By Fuel Type
By Technology
By Application
Global Sustainable Aviation Fuel Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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