The sustainable aviation fuel market was valued at USD 1,845.2 million in 2024 and is projected to grow to USD 2,723.8 million in 2025. By 2032, the market is anticipated to reach USD 28,636.36 million, achieving a robust compound annual growth rate (CAGR) of 48% throughout the forecast period.
SAF is an eco-friendly alternative to conventional jet fuel, derived from non-petroleum-based feedstocks. It plays a crucial role in reducing carbon emissions from air travel, facilitating the aviation industry's transition to greener operations. SAF can be blended with traditional jet fuel, typically in ratios ranging from 10% to 50%, depending on the feedstock and production methods used. The growing awareness of aviation's environmental impact is expected to significantly drive market growth in the coming years.
This information is provided by Fortune Business Insights™ in their report titled "Sustainable Aviation Fuel Market Size, Share, Forecast and 2025-2032."
Segmentation: Sustainable Aviation Fuel Market
High Compatibility With Existing Aircraft Increased Use of Biomass-based SAF
Based on type, the market is divided into biofuel and synthetic fuel. The biofuel segment captured the biggest market share in 2024 as this type of fuel is quite compatible with the current aircraft, thereby facilitating easier integration when compared to other fuel types.
HEFA-SPK Technology to Gain Major Traction Due to Strong Government Support for Renewable Fuels
Based on technology, the market is classified into HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene), FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene), ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene), and others. Others include HFS-SIP (Hydroprocessed Fermented Sugars to Synthetic Isoparaffins), Co-processing, Electro-fueled sustainable aviation fuel, and other technologies used to develop SAF. The HEFA-SPK segment is anticipated to dominate the global market as governments across the world are implementing various policies to support the production and use of renewable fuels.
Net-Zero Emission Goals of Airlines Boosted Use of Sustainable Aviation Fuel in Blending Capacity of 30-50%
Based on blending capacity, the sustainable aviation fuel market is segmented into 5% to 30%, 30% to 50%, and above 50%. The 30-50% segment held the biggest global Sustainable Aviation Fuel (SAF) market share in 2024 as several airlines and airports across the world have made their commitment to achieving net-zero emissions.
Rising Awareness of Environmental Impact of Conventional Jet Fuel Boosted Product Use in Commercial Aviation
Based on end use, the market is classified into commercial aviation, military aviation, and others. Others include business and general aviation. The commercial aviation segment dominated the market in 2024 as there is a rising global awareness about the environmental effects of using traditional jet fuel in commercial planes.
Product Adoption Rose in Fixed-Wing Aircraft Owing to Government Support for Developing SAF
Based on application, the market is segmented into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment held the biggest market share in 2024 as governments across the world are offering their support in the form of subsidies and incentives to encourage the development and sale of Sustainable Aviation Fuel (SAF). This encouraged fixed-wing aircraft manufacturers to use this fuel.
The global market report analyzes the market’s growth across regions, such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Informationa Source:
https://www.fortunebusinessinsights.com/sustainable-aviation-fuel-saf-market-111563
Report Coverage: