Press release
Global Sustainable Aviation Fuel Market Size Value Set to Skyrocket to USD 64187.6 Million by 2033 | StraitsResearch
Global Sustainable Aviation Fuel Market Size
In comparison to conventional jet fuel, the use of sustainable aviation fuel reduces carbon emissions over the fuel's lifetime. Depending on the sustainable feedstock utilized, the production method, and the supply chain to the airport, sustainable aviation fuel can reduce carbon emissions by up to 80% relative to the traditional jet fuel it replaces over the fuel's lifetime. Any certified aircraft can use sustainable aviation fuel to use the current jet fuel specification.
According to Straits Research, the global sustainable aviation fuel market size was valued at USD 882.13 million in 2024 and is projected to reach USD 64187.6 million by 2033 at a CAGR of 61.02% during the forecast period (2025-2033).
Download the Sample Pages of this Report for Better Understanding @ https://straitsresearch.com/report/sustainable-aviation-fuel-market/request-sample
Market Dynamics
Growing Efforts to Reduce Carbon Emissions from Various Organizations and Governments Drive the Global Market
Several governments and industry organizations across the globe are working to minimize carbon emissions. These entities have established goals for achieving lower or zero emissions in the coming years. In 2015, 196 countries committed to the Paris Accord to alter their development trajectories toward sustainability. These nations intended to reduce global warming to approximately 2°C above the pre-industrial average. In order to meet these goals, global carbon dioxide emissions must decrease by 45% from 2010 levels by 2030 and reach net-zero levels by 2050. In addition, more than 70 countries, 1,200 firms, 1,000 communities, 1,000 schools, and 400 financial institutions have pledged to take immediate, stringent action to halve global emissions by 2030.
Government Initiatives to Promote the Adoption of Sustainable Aviation Fuel Create Tremendous Opportunities
Various governments worldwide are developing new legislation to encourage the use of sustainable aviation fuel to reduce greenhouse gas emissions and meet emission objectives. The US government, for instance, enacted the Sustainable Aviation Fuel Act, which promotes the production, sale, and use of sustainable aviation fuels. The bill allocates USD 1 billion over five years for sustainable aviation fuel production, transport, blending, and storage initiatives in the United States. Similarly, in December 2020, the European Commission adopted the Sustainable and Smart Mobility Strategy to increase the acceptance of sustainable aviation fuels. To stimulate the use of sustainable aviation fuel, the EU also changed the Energy Taxes Regulation by introducing minimum tax rates.
Sustainable Aviation Fuel Market Segmentation
By Fuel Type
Biofuel
Hydrogen Fuel
Power to Liquid Fuel
By Aircraft Type
Fixed Wings
Rotorcraft
Others
By Platform
Commercial Aviation
Military Aviation
Business and General Aviation
Unmanned Aerial Vehicle
Get Detailed Market Segmentation @ https://straitsresearch.com/report/sustainable-aviation-fuel-market/segmentation
Key Highlights
Based on fuel type, the global sustainable aviation fuel market is bifurcated into biofuel, hydrogen fuel, and power-to-liquid fuel. The biofuel segment is the highest contributor to the market share and is estimated to grow at a CAGR of 61.47% during the forecast period.
Based on aircraft type, the global sustainable aviation fuel market is bifurcated into fixed wings, rotorcraft, and others. The fixed wings segment owns the highest market share and is estimated to grow at a CAGR of 61.53% during the forecast period.
Based on the platform, the global sustainable aviation fuel market is segmented into commercial aviation, military aviation, business and general aviation, and unmanned aerial vehicles. Commercial aviation is the highest contributor to the market and is anticipated to grow at a CAGR of 61.77% over the forecast period.
North America is the most significant shareholder in the global sustainable aviation fuel market and is projected to grow at a CAGR of 60.94% over the forecast period.
Competitive Players
Neste
AEMETIS Inc.
Gevo
OMV Aktiengesellschaft
Shell PLC
BP PLC
LanzaTech
World Energy
Sasol
SkyNRG
To Visit Here For Grab More Insights @ https://straitsresearch.com/report/sustainable-aviation-fuel-market
Regional Analysis
North America is the most significant shareholder in the global sustainable aviation fuel market and is projected to grow at a CAGR of 60.94% over the forecast period. Demand from developed nations such as the United States and Canada drives North America's sustainable aviation fuel market. North America is home to several of the world's major airlines. American Airlines, United Airlines, Delta Air Lines, and Southwest Airlines all have regional headquarters in North America with a substantial regional presence. In addition, the existence of these enterprises in North America increases regional demand for sustainable aviation fuel. North America's national and local governments also assist in adopting sustainable aviation fuel. For instance, the Biden administration has set a goal of replacing all conventional jet fuel with sustainable aviation fuel by 2050, with a plan to increase sustainable aviation fuel production to 3 billion gallons yearly by 2030. On the other hand, San Francisco International Airport collaborated with the Commercial Aviation Alternative Fuels Initiative (CAAFI) to negotiate sustainable aviation fuel offtake agreements between airlines and producers.
Europe is projected to grow at a CAGR of 59.88% over the forecast period. The expansion of the sustainable aviation fuel market in Europe is driven by the increasing number of passengers flying to Europe. Europe is one of the world's most popular tourist destinations, and each year a large number of travelers visit. According to the International Air Transport Association's Global Air Transport Statistics for 2021, Europe accounted for around 23.7% of the total scheduled passenger and cargo travel globally. In addition, Europe accounts for nearly 21% of worldwide scheduled international passenger traffic and 2.3% of domestic scheduled passenger traffic. Many nations, including France, Italy, Spain, and Austria, have some of the world's most popular tourist destinations. Many tourists go to Europe by air-fuel the region's aviation economy. This significantly increases the European demand for sustainable aviation fuel.
Recent Developments
February 2023- Frederic Combes, vice president of Airbus India and South Asia, stated that Airbus is willing to establish an ecosystem that promotes Sustainable Aviation Fuel (SAF) to decarbonize the aviation industry.
February 2023- Boeing agreed to purchase 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, the world's largest SAF producer, to support its U.S. commercial operations through 2023. These contracts significantly increase the company's sustainable aviation fuel acquisitions over the prior year.
Inquiry Before Buying @ https://straitsresearch.com/buy-now/sustainable-aviation-fuel-market
List of Top Related Reports:
Aviation Biofuels Market Size: https://straitsresearch.com/report/aviation-biofuels-market
Renewable Aviation Fuel Market Size: https://straitsresearch.com/report/renewable-aviation-fuel-market
Biofuels Market Size: https://straitsresearch.com/report/biofuels-market
Fuel Management System Market Size: https://straitsresearch.com/report/fuel-management-system-market
Aviation Fuel Market Size: https://straitsresearch.com/report/aviation-fuel-market
Aviation Lubricants Market Size: https://straitsresearch.com/report/aviation-lubricants-market
Contact Us:
Email: sales@straitsresearch.com
Tel: +1 646 905 0080 (U.S.), +44 203 695 0070 (U.K.)
Website: https://straitsresearch.com/
About Us:
StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services, along with providing business insights & market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Sustainable Aviation Fuel Market Size Value Set to Skyrocket to USD 64187.6 Million by 2033 | StraitsResearch here
News-ID: 4227631 • Views: …
More Releases from Straits Research
Patient Engagement Solutions Market Analysis 2025-2033: AI, Cloud, and Mobile He …
The latest research report by Straits Research reveals that the Global Patient Engagement Solutions Market is undergoing a significant transformation, driven by evolving consumer expectations, technological innovations, and a growing emphasis on personalized healthcare. The rise of digital health platforms, telemedicine adoption, and patient-centered care initiatives are reshaping how healthcare providers interact with patients globally.
According to Straits Research, the global Patient Engagement Solutions Market size is estimated at USD 30.21…
End-Stage Renal Disease Market Trends Solid 13.47% CAGR Signals Strong Future Gr …
As per Straits Research, the global end-stage renal disease market size was valued at USD 119.74 billion in 2024 and is projected to reach USD 373.41 billion by 2033, growing at a CAGR of 13.47% during the forecast period (2025-2033).
Explore more report insights on end-stage renal disease market: https://straitsresearch.com/report/end-stage-renal-disease-market
End-Stage Renal Disease Market Growth Driver
The growing global burden of chronic kidney disease (CKD) is a major driver of the end-stage renal…
Operating Room Integration Market Size to Reach USD 8.78 Billion by 2033, Growin …
According to a report by Straits Research the global operating room integration market size was valued at USD 3.14 billion in 2024 and is projected to reach USD 8.78 billion by 2033, exhibiting a CAGR of 12.1% during the forecast period (2025-2033).
Get more report insights: https://straitsresearch.com/report/operating-room-integration-market
Operating Room Integration Market Growth Driver
The growing adoption of minimally invasive surgeries (MIS), including laparoscopic and robotic-assisted procedures, stands as a major catalyst driving the…
Canned Alcoholic Beverages Market Size Projected to Reach USD 66.69 Billion by 2 …
Canned Alcoholic Beverages Market Outlook:
Canned alcoholic beverages, including cocktails, wines, hard seltzers, beer, and cider, are gaining popularity due to their ready-to-drink nature. The portability of cans makes them ideal for outdoor activities, social gatherings, and travel, offering an attractive alternative to traditional bottled drinks. Additionally, metal cans are cost-effective, have higher recycling rates than glass, and protect beverages from light and oxygen, preserving quality and taste.
The global canned alcoholic…
More Releases for Aviation
Aviation Fuel Supply Market Is Going to Boom | Major Giants Shell Aviation, BP A …
HTF MI just released the Global Aviation Fuel Supply Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Aviation Fuel Supply Market are:
Shell Aviation,…
Aviation Gasoline Market is Booming Worldwide | Major Giants- Chevron Aviation, …
HTFMI Recently published a Study on Aviation Gasoline Market, it is expected to grow at a CAGR of 5.6 % and may see the market value of 4.8 Billion by 2032, currently pegged at 3.1 Billion. While focusing on the major driving and restraining forces in this market, the report also provides a comprehensive study of the future trends and developments of the market.
Major companies profiled in Aviation Gasoline Market…
Aviation Fuel Market Growth: Renewable & Alternative Aviation Fuels
According to a new report published by Allied Market Research, the global aviation fuel market size was valued at $179.2 billion in 2018 and is anticipated to generate $238.5 billion by 2026. The market is projected to experience growth at a CAGR of 3.5% from 2019 to 2026.
Aviation fuel is a type of petroleum-based fuel used to energize an aircraft. It has better quality than other fuels used in any…
Aircraft Redelivery Management Service Market Giants Spending Is Going To Boom | …
New Jersey, United States,- Mr Accuracy Reports published new research on Global Aircraft Redelivery Management Service covering micro level of analysis by competitors and key business segments (2022-2029). The Global Aircraft Redelivery Management Service explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative…
Aviation Insurance for General Aviation Market to See Huge Growth by 2027 | Star …
The Latest Released Aviation Insurance for General Aviation market study has evaluated the future growth potential of Aviation Insurance for General Aviation market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging…
Aviation Leasing Market Worth Observing Growth: Aviation Capital Group, AerCap, …
Global Aviation Leasing Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Aviation Leasing…
