Global Sustainable Aviation Fuel Market Deemed to Attain USD 25,270.2 Million in Revenue By 2030 | Infinium Global Research

The Global Sustainable Aviation Fuel (SAF) Market is soaring to new heights, driven by escalating concerns regarding Greenhouse Gas (GHG) emissions in the aviation sector. With rising greenhouse gas emissions from aviation contributing to global warming effects, SAF emerges as a beacon of hope in the quest for greener skies. While challenges such as higher costs compared to traditional fuels and feedstock availability pose hurdles, the market is set for expansion, buoyed by factors like increased air travel and government regulations promoting sustainability. The Global sustainable aviation fuel market was valued at USD 341.3 Million in 2022 and is expected to reach USD 25,270.2 Million by 2030 and grow at a CAGR of 73.93% over the forecast period.

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Addressing the Climate Crisis through SAF

The urgency to combat climate change has prompted governments, industry associations, and entities worldwide to pledge their commitment to lower carbon emissions. The Paris Agreement of 2015 brought together 196 countries with the goal of limiting global warming to approximately 2°C above pre-industrial levels. Achieving this target necessitates a 45% reduction in global carbon dioxide emissions by 2030 from 2010 levels and achieving net-zero emissions by 2050. Over 70 countries, 1,200 companies, 1,000 cities, 1,000 educational institutions, and 400 financial institutions have pledged to take concrete actions to halve global emissions by 2030. Sustainable Aviation Fuel plays a pivotal role in fulfilling these ambitions, with the potential to reduce emissions by up to 80% throughout its lifecycle. This drives the growth of the sustainable aviation fuel market as an integral component of global climate action.

Overcoming Cost Challenges

Despite its environmental benefits, the cost of sustainable aviation fuels remains a significant challenge. Currently priced 4-5 times higher than conventional jet fuel, the higher cost dissuades many airlines from embracing SAF on a large scale. Limited feedstock availability, higher feedstock costs, and capital recovery for production facilities contribute to the elevated SAF prices. Feedstocks such as fats, oils, and greases are currently in insufficient volume to meet the growing SAF demand, exacerbating costs. The pass-through of relative costs to consumers through increased ticket prices when blending SAF with traditional jet fuel further hinders adoption. The need to reduce SAF prices to achieve scale remains a critical hurdle for the sustainable aviation fuel market.

Government Initiatives to Propel Growth

Governments worldwide are taking proactive measures to promote the use of SAF to reduce greenhouse gas emissions and meet emission targets. In the United States, the Sustainable Aviation Fuel Act has been introduced to incentivize the development, distribution, and utilization of SAFs. This bill allocates USD 1 billion over five years to fund projects for SAF production, transportation, blending, and storage in the U.S. The European Commission has adopted the Sustainable and Smart Mobility Strategy, designed to boost the acceptance of sustainable aviation fuels in the European Union. The EU's revision of the Energy Taxation Directive introduces minimum tax rates for SAF, further encouraging its use. These governmental initiatives hold the promise of growth opportunities for stakeholders in the sustainable aviation fuel market.

The global sustainable aviation fuel market report encompasses segments based on fuel type, aircraft type, and platform. Fuel types include biofuel, hydrogen fuel, and power-to-liquid fuel. Aircraft types consist of fixed wings, rotorcraft, and others. The platform segment encompasses commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicles.

As the aviation industry seeks to navigate towards a more sustainable future, the sustainable aviation fuel market stands as a beacon of environmental responsibility and a key player in mitigating the global climate crisis.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Sustainable Aviation Fuel Market Highlights

2.2. Sustainable Aviation Fuel Market Projection

2.3. Sustainable Aviation Fuel Market Regional Highlights

Chapter 3. Global Sustainable Aviation Fuel Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Sustainable Aviation Fuel Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Fuel Type

3.5.2. IGR-Growth Matrix Analysis by Aircraft Type

3.5.3. IGR-Growth Matrix Analysis by Platform

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Sustainable Aviation Fuel Market

Chapter 4. Sustainable Aviation Fuel Market Macro Indicator Analysis

Chapter 5. Global Sustainable Aviation Fuel Market by Fuel Type

5.1. Biofuel

5.2. Hydrogen Fuel

5.3. Power to Liquid Fuel

Chapter 6. Global Sustainable Aviation Fuel Market by Aircraft Type

6.1. Fixed Wings

6.2. Rotorcraft

6.3. Others

Chapter 7. Global Sustainable Aviation Fuel Market by Platform

7.1. Commercial Aviation

7.2. Military Aviation

7.3. Business & General Aviation

7.4. Unmanned Aerial Vehicle

Chapter 8. Global Sustainable Aviation Fuel Market by Region 2023-2030

8.1. North America

8.1.1. North America Sustainable Aviation Fuel Market by Fuel Type

8.1.2. North America Sustainable Aviation Fuel Market by Aircraft Type

8.1.3. North America Sustainable Aviation Fuel Market by Platform

8.1.4. North America Sustainable Aviation Fuel Market by Country

8.2. Europe

8.2.1. Europe Sustainable Aviation Fuel Market by Fuel Type

8.2.2. Europe Sustainable Aviation Fuel Market by Aircraft Type

8.2.3. Europe Sustainable Aviation Fuel Market by Platform

8.2.4. Europe Sustainable Aviation Fuel Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Sustainable Aviation Fuel Market by Fuel Type

8.3.2. Asia-Pacific Sustainable Aviation Fuel Market by Aircraft Type

8.3.3. Asia-Pacific Sustainable Aviation Fuel Market by Platform

8.3.4. Asia-Pacific Sustainable Aviation Fuel Market by Country

8.4. RoW

8.4.1. RoW Sustainable Aviation Fuel Market by Fuel Type

8.4.2. RoW Sustainable Aviation Fuel Market by Aircraft Type

8.4.3. RoW Sustainable Aviation Fuel Market by Platform

8.4.4. RoW Sustainable Aviation Fuel Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Sustainable Aviation Fuel Market

9.2. Companies Profiles

9.2.1. Neste

9.2.2. Aemetis, Inc

9.2.3. OMV Aktiengesellschaft

9.2.4. BP p.l.c.

9.2.5. Gevo

9.2.6. LanzaTech

9.2.7. Shell PLC

9.2.8. Sasol

9.2.9. SkyNRG

9.2.10. World Energy

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Sustainable Aviation Fuel.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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