Sustainable Aviation Fuel Market is predicted to reach USD 18.26 billion at a CAGR of 52.90% during the forecast period

Market Research Future (MRFR) has published on the “Global Sustainable aviation fuel Market”.

MRFR recognizes the following companies as the key players in the global sustainable aviation fuel market— Northwest Advanced Biofuels, LLC, Red Rock Biofuels, Fulcrum BioEnergy, Inc, Aemetis, Inc, TotalEnergies SE, OMV Aktiengesellschaft, Neste Oyj, SKYNRG, Gevo Inc, Eni SPA, Avfuel Corporation, SG Preston Company, Sundrop Fuels Inc, Ballard Power Systems, Velocys, ZeroAvia, Inc.

Market Highlights

The global sustainable aviation fuel market is accounted to register a CAGR of 52.90% during the forecast period and is estimated to reach USD 18.26 Billion by 2032.

As the aviation industry works to lessen its impact on the environment, the market for sustainable aviation fuel is expanding significantly. Market expansion is fueled by elements such escalating government regulations, corporate sustainability objectives, and the demand for greener energy sources. Opportunities for cooperation between airlines and fuel suppliers as well as sustainable fuel production abound.

Segment Analysis

The global sustainable aviation fuel market has been segmented based fuel type, technology, aircraft type, biofuel blending capacity, and platform.

On the basis of fuel type, the market is segmented into biofuel, power-to-liquid and gas-to-liquid. The biofuel segment dominated the market in 2022. Biofuel production technologies have been developed, improved, and made commercially viable over time.

Based on technology, the global sustainable aviation fuel market has been segmented into HEFA-SPK, FT-SPK, HFS-SIP, and ATJ-SPK. The FT-SPK segment dominated the market in 2022. Gasifying feedstocks like coal, natural gas, or biomass into syngas, which is made up of hydrogen and carbon monoxide, has been done using the FTSPK method.

Based on aircraft type, the global sustainable aviation fuel market has been segmented into fixed wings, rotorcraft and others. The fixed wings segment dominated the market in 2022. Fixed-wing aircraft, such as commercial airliners, regional jets, business jets, and military aircraft, have historically dominated the aviation industry.

Based on biofuel blending capacity, the global sustainable aviation fuel market has been segmented into above 50%, 30% to 50%, below 30%. The 30% to 50% segment dominated the market in 2022. To fulfil the needs of both commercial and military aviation, drop-in capability, moderate blend capacity, supply logistics transportation, and aircraft fleet offer lower total costs.

Based on platform, the global sustainable aviation fuel market has been segmented into commercial, regional transport aircraft, military aviation, business & general aviation, and unmanned aerial vehicles. The military aviation segment dominated the market in 2022. Governments, particularly those focused on sustainability and reducing carbon emissions, have started implementing regulations and programmes for incorporating SAF into military aircraft.

Regional Analysis

The global sustainable aviation fuel market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe sustainable aviation fuel market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The sustainable aviation fuel market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World sustainable aviation fuel market comprises of Middle East, Africa, and Latin America.

The North America Sustainable aviation fuel Market dominated this market in 2022 (45.80%). In order to encourage the use of SAF, North American nations, especially the United States and Canada, have shown considerable government support and put rules in place. For instance, the U.S. Federal Aviation Administration (FAA) strongly promoted the use of SAF through programs like the Voluntary Airport Low Emissions (VALE) program and the Sustainable Aviation Fuel Grand Challenge. The domination of the market is the result of these programs' funding, incentives, and regulatory support for SAF adoption.

Moreover, Europe holds the second-largest share in the sustainable aviation fuel. Europe has been at the forefront of environmental legislation and sustainability initiatives. The European Union (EU) has set ambitious goals to reduce greenhouse gas emissions, particularly those from the aviation sector. The EU's Renewable Energy Directive (RED II) contains specific objectives for the use of renewable energy, including SAF, in aviation. The creation and adoption of SAF in Europe have been aided by these stringent regulations and goals.

Additionally, from 2023 to 2032, the Asia-Pacific Sustainable Aviation Fuel Market is anticipated to experience the quickest CAGR growth. The Asia-Pacific region has experienced a significant rise in air travel demand as a result of factors like population growth, urbanisation, rising earnings, and an expanding middle class. Sustainable alternatives, like SAF, are required in order to decrease the impact that aircraft have on the environment. The rising air transport industry in Asia-Pacific is predicted to be the main driver of SAF demand.

Furthermore, with a view to lowering aircraft emissions, Latin America is developing a market for sustainable aviation fuel. As the market grows, opportunities for the development and use of sustainable fuels in Latin America are presented by elements including tightening environmental regulations, airline sustainability initiatives, and growing public awareness of climate change.

Key Findings of the Study

• The global sustainable aviation fuel market is expected to reach USD 18.26 Billion by 2032, at a CAGR of 52.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The Asia-Pacific region has experienced a significant rise in air travel demand as a result of factors like population growth, urbanisation, rising earnings, and an expanding middle class.


• Based on biofuel blending capacity, the 30% To 50% segment was attributed to holding the largest market in 2022,


• Northwest Advanced Biofuels, LLC, Red Rock Biofuels, Fulcrum BioEnergy, Inc, Aemetis, Inc, TotalEnergies SE, OMV Aktiengesellschaft, Neste Oyj, SKYNRG, Gevo Inc, Eni SPA, Avfuel Corporation, SG Preston Company, Sundrop Fuels Inc, Ballard Power Systems, Velocys, ZeroAvia, Inc.