Sustainable Aviation Fuel Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Sustainable Aviation Fuel Market Statistics 2027
The global sustainable aviation fuel market was valued at $72.1 million in 2020 and is projected to reach $6,261.9 million by 2030, registering a CAGR of 56.4% from 2021 to 2030. An increase in airline passengers combined with an increase in disposable income, an increase in air travel, and an increase in synthetic lubricant use are all factors that contribute to the long-term expansion of the aviation fuel business. Furthermore, the development of ecologically friendly and safe aircraft lubricants, as well as an increase in demand for low-density lubricants to reduce weight, are expected to present significant chances for the long-term growth of aviation fuel market.

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Sustainable Aviation Fuel Market Share Analysis
Power to liquid fuel is projected as the most lucrative segment. The biofuel segment dominated the global sustainable aviation fuel market in 2020, in terms of revenue. Due to substantial advancements in technology approaches to commercializing the use of alternative jet fuel, biofuel production is likely to scale up rapidly in the coming decade.
Based on Aircraft type, others are projected as the most lucrative segments. The fixed wings segment incurs a higher share.
Based on the platform Unmanned Aerial Vehicle is projected as the most lucrative segment, the commercial aviation segment incurs a higher share.
Based on Region Asia-Pacific would exhibit the highest CAGR of 60.9% during 2021-2030. North America is the highest revenue contributor followed by Europe. Due to increased air traffic, countries in North America, such as the United States and Canada, are focusing on various projects to use renewable aviation fuel to meet the requirement for reduced carbon footprints. The North American market is considered to be one of the strongest demand areas for sustainable aviation fuel due to supportive legislation and measures to reduce aviation emissions.

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Sustainable Aviation Fuel Market Key Segments
Sustainable Aviation Fuel Market By Fuel Type
• Biofuel
• Hydrogen Fuel
• Power to Liquid Fuel
Sustainable Aviation Fuel Market By Aircraft Type
• Fixed Wings
• Rotorcraft
• Others
Sustainable Aviation Fuel Market By Platform
• Commercial Aviation
• Military Aviation
• Business & General Aviation
• Unmanned Aerial Vehicle

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