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Sustainable Aviation Fuel Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Jan 08, 2025
Length 242 Pages
SKU # GMI19636298

Description

The global sustainable aviation fuel market was valued at USD 1.7 billion in 2024 and is projected to grow at a remarkable CAGR of 46.2% from 2025 to 2034. As the aviation sector faces mounting pressure to minimize its environmental footprint, SAF is emerging as a vital solution. These fuels are derived from renewable sources such as biomass, agricultural residues, and waste oils, offering a significantly reduced carbon footprint compared to traditional jet fuels.

Growing awareness of environmental issues has prompted airlines and passengers alike to favor greener alternatives. SAF supports airlines in meeting sustainability objectives, enhancing environmental ratings, and aligning with international carbon-reduction mandates. This shift is expected to drive investments in SAF production and green aviation technologies. Increasing demand will likely boost production capacity and innovation, further solidifying SAF’s role in transforming the aviation industry.

Governments around the world are implementing strategies to mitigate the environmental impact of aviation. Policies aimed at promoting SAF production, adoption, and innovation are becoming widespread, accelerating the sector's growth. Tax incentives, subsidies, and other funding programs are helping to achieve global climate targets while fostering advancements in sustainable aviation technologies.

In terms of fuel types, the SAF market is segmented into biofuels, hydrogen fuel, power-to-liquid, and gas-to-liquid. Biofuels dominate the market with over 90.1% of the share in 2024. Produced from biological materials like plant oils and agricultural residues, biofuels represent a cleaner alternative to conventional jet fuels. These fuels can be blended with traditional jet fuels without significant changes to existing aircraft engines, making them a practical choice for reducing emissions in the aviation sector. Their development is supported by diverse feedstock options and advancements in production techniques.

Technologically, the market includes hydroprocessed esters and fatty acids synthetic paraffinic kerosene (HEFA-SPK), Fischer-Tropsch synthetic paraffinic kerosene (FT-SPK), alcohol-to-jet synthetic paraffinic kerosene (ATJ-SPK), and other methods. HEFA-SPK leads with its high compatibility and scalability, using feedstocks such as waste oils and fats to produce a high-quality, drop-in fuel. Its versatility and alignment with existing aviation infrastructure make it a key contributor to sustainability goals.

North America is anticipated to dominate the SAF market, reaching over USD 28 billion by 2034. Robust policies, technological advancements, and investments are driving regional growth, particularly in the US. The region's leadership in SAF development reflects a broader commitment to reducing emissions and advancing green aviation technologies.

Table of Contents

242 Pages
Chapter 1 Research Methodology and Scope
1.1 Scope and definition
1.1.1 Definitions
1.2 Research design
1.2.1 Data collection methods
1.2.2 Market size estimation
1.3 Forecast model
1.4 Data sources
1.4.1 Primary (but not limited to)
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Sustainable aviation fuel market, 2018 - 2034
2.2 Business trends
2.3 Regional trends
2.4 Fuel type trends
2.5 Technology trends
2.6 Blending capacity trends
2.7 Aircraft type trends
2.8 End Use trends
Chapter 3 Sustainable Aviation Fuel Industry Insights
3.1 Sustainable aviation fuel industry ecosystem analysis
3.2 Supplier Landscape
3.2.1 Feedstock suppliers
3.2.2 Biofuel producers
3.2.3 Technology providers
3.2.4 Aviation fuel distributors and suppliers
3.2.5 Airlines & aircraft manufacturers
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Technology and innovation landscape
3.5.1 Advancements in feedstock processing and conversion technologies
3.5.2 Alcohol-to-Jet (ATJ) technology
3.5.3 Power-to-Liquid (PtL) and E-Fuels
3.6 Key news & initiatives
3.7 Patent analysis
3.8 Regulatory landscape
3.8.1 International standards
3.8.1.1 Carbon Offsetting and Reduction Scheme for International Aviation
3.8.1.1 Third ICAO Conference on Aviation and Alternative Fuels (CAAF/3)
3.8.2 North America
3.8.2.1 Occupational Safety & Health Act (OSHA)
3.8.2.2 DoD Directive
5000.01
3.8.2.3 Energy Policy Act of 2005
3.8.2.4 Federal Aviation Administration (FAA)
3.8.3 Europe
3.8.3.1 Renewable Energy Directive (RED II)
3.8.3.2 Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) 62
3.8.3.3 Sustainability Certification in SAF as Regulation
3.8.4 Asia Pacific
3.8.4.1 Economic Cooperation (APEC) Sustainable Aviation Fuel Framework
3.8.4.2 Energy Conservation and Carbon Emission Reduction Plan
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Growing global initiatives to reduce carbon emissions
3.9.1.2 Presence of stringent environmental regulations
3.9.1.3 Economic growth and rising air travel demand
3.9.1.4 Growth in deployment of sustainable aviation fuel
3.9.1.5 Growing consumer preference for eco-friendly air travel
3.9.2 Pitfalls & challenges
3.9.2.1 High cost of producing Sustainable Aviation Fuel
3.9.2.1 Feedstock availability and Competition
3.10 Future Market Trends
3.11 SAF Production Costs
3.11.1 Feedstock Cost and Composition
3.11.2 Types of SAF Purchasing Agreements
3.12 Analysis of the Upsurge in SAF Prices and Market Revenue in 2024 Compared to 2023
3.13 SAF Offtake Agreements Over the Last Decade
3.14 Growth potential analysis, 2023
3.16 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share, 2024
4.3 Competitive analysis of the key market players
4.4 Competitive analysis of prominent market players
4.4.1 GEVO
4.4.2 Fulcrum BioEnergy
4.4.3 Alder Renewables
4.4.4 Cemvita
4.4.5 USA BioEnergy
4.4.6 Shell Aviation
4.4.7 Neste
4.5 Strategic outlook matrix
Chapter 5 Sustainable Aviation Fuel Market, By Fuel Type
5.1 Sustainable aviation fuel market share, by fuel type, 2024 & 2034
5.2 Fuel type
5.2.1 Market estimates and forecast, 2018-2034
Chapter 6 Sustainable Aviation Fuel Market, By Technology
6.1 Sustainable aviation fuel market share, by technology, 2024 & 2034
6.2 Technology
6.2.1 Market estimates and forecast, 2018-2034
Chapter 7 Sustainable Aviation Fuel Market, By Blending Capacity
7.1 Sustainable aviation fuel market share, by blending capacity, 2024 & 2034
7.2 Blending capacity
7.2.1 Market estimates and forecast, 2018-2034
Chapter 8 Sustainable Aviation Fuel Market, By Aircraft Type
8.1 Sustainable aviation fuel market share, by aircraft type, 2024 & 2034
8.2 Aircraft Type
8.2.1 Market estimates and forecast, 2018-2034
Chapter 9 Sustainable Aviation Fuel Market, By End Use
9.1 Sustainable aviation fuel market share, by end use, 2024 & 2034
9.2 Airlines
9.2.1 Market estimates and forecast, 2018-2034
10.1 Sustainable aviation fuel market share, by region, 2024 & 2034
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Latin America
10.6 MEA
Chapter 11 Company Profiles
11.1 Aemetis, Inc.
11.1.1 Global overview
11.1.2 Market/Business Overview
11.1.3 Financial data
11.1.3.1 Sales Revenue, 2022-2024 (USD Million)
11.1.4 Product Landscape
11.1.5 Strategic Outlook
11.1.6 SWOT analysis
11.2 Alder Energy LLC
11.2.1 Global overview
11.2.2 Market/Business Overview
11.2.3 Financial data
11.2.4 Product Landscape
11.2.5 Strategic Outlook
11.2.6 SWOT analysis
11.3 Amyris
11.3.1 Global overview
11.3.2 Market/Business Overview
11.3.3 Financial data
11.3.4 Product Landscape
11.3.5 Strategic Outlook
11.3.6 SWOT analysis
11.4 BP Plc
11.4.1 Global overview
11.4.2 Market/Business Overview
11.4.3 Financial data
11.4.4 Sales Revenue, 2021-2023 ( USD Million )
11.4.5 Product Landscape
11.4.6 Strategic Outlook
11.5 Cemvita
11.5.1 Global overview
11.5.2 Market/Business Overview
11.5.4 Financial data
11.5.5 Product Landscape
11.5.6 Strategic Outlook
11.5.7 SWOT analysis
11.6 DG fuels
11.6.1 Global overview
11.6.2 Market/Business Overview
11.6.3 Financial data
11.6.4 Product Landscape
11.6.5 Strategic Outlook
11.6.6 SWOT analysis
11.7 Fulcrum BioEnergy Inc.
11.7.1 Global overview
11.7.2 Market/Business Overview
11.7.3 Financial data
11.7.4 Product Landscape
11.7.5 Strategic Outlook
11.7.6 SWOT analysis
11.8 Gevo Inc.
11.8.1 Global overview
11.8.2 Market/Business Overview
11.8.3 Financial data
11.8.3.1 Sales Revenue, 2021-2023 ( USD Million )
11.8.4 Product Landscape
11.8.5 Strategic Outlook
11.8.6 SWOT analysis
11.9 LanzaJet
11.9.1 Global overview
11.9.2 Market/Business Overview
11.9.3 Financial data
11.9.4 Product Landscape
11.9.5 Strategic Outlook
11.10 Neste
11.10.1 Global overview
11.10.2 Market/Business Overview
11.10.3 Financial data
11.10.3.1 Sales Revenue, 2021-2023 ( USD Million )
11.10.4 Product Landscape
11.10.5 Strategic Outlook
11.10.6 SWOT analysis
11.11 Northwest Advanced Bio-Fuels, LLC
11.11.1 Global overview
11.11.2 Market/Business Overview
11.11.3 Financial data
11.11.4 Product Landscape
11.11.5 Strategic Outlook
11.11.6 SWOT analysis
11.12 OMV Aktiengesellschaft
11.12.1 Global overview
11.12.2 Market/Business Overview
11.12.3 Financial data
11.12.3.1 Sales Revenue, 2021-2023 ( USD Million )
11.12.4 Product Landscape
11.12.5 Strategic Outlook
11.12.6 SWOT analysis
11.13 Preem AB
11.13.1 Global overview
11.13.2 Market/Business Overview
11.13.3 Financial data
11.13.3.1 Sales Revenue, 2021-2023(USD Million)
11.13.4 Product Landscape
11.13.5 Strategic Outlook
11.13.6 SWOT analysis
11.14 Red Rock Biofuels
11.14.1 Global overview
11.14.2 Market/Business Overview
11.14.3 Financial data
11.14.4 Product Landscape
11.14.6 SWOT analysis
11.15 SAF Plus International Group
11.15.1 Global overview
11.15.2 Market/Business Overview
11.15.3 Financial data
11.15.4 Product Landscape
11.15.5 Strategic Outlook
11.15.6 SWOT analysis
11.16 Sasol Corporation
11.16.1 Global overview
11.16.2 Market/Business Overview
11.16.3 Financial data
11.16.3.1 Sales Revenue, 2021-2023(USD Million)
11.16.4 Product Landscape
11.16.5 Strategic Outlook
11.16.6 SWOT analysis
11.17 Shell
11.17.1 Global overview
11.17.2 Market/Business Overview
11.17.3 Financial data
11.17.3.1 Sales Revenue, 2021-2023(USD Million)
11.17.4 Product Landscape
11.17.5 Strategic Outlook
11.17.6 SWOT analysis
11.18 SkyNRG BV
11.18.1 Global overview
11.18.2 Market/Business Overview
11.18.3 Financial data
11.18.4 Product Landscape
11.18.5 Strategic Outlook
11.18.6 SWOT analysis
11.19 TotalEnergies SE
11.19.1 Global overview
11.19.2 Market/Business Overview
11.19.3 Financial data
11.19.3.1 Sales Revenue, 2021-2023(USD Million) Â11.19.4 Product Landscape
11.19.5 Strategic Outlook
11.19.6 SWOT analysis
11.20 USA BioEnergy
11.20.1 Global overview
11.20.2 Market/Business Overview
11.20.3 Financial data
11.20.4 Product Landscape
11.20.5 Strategic Outlook
11.20.6 SWOT analysis
11.21 WasteFuel
11.21.1 Global overview
11.21.2 Market/Business Overview
11.21.3 Financial data
11.21.4 Product Landscape
11.21.5 Strategic Outlook
11.21.6 SWOT analysis
11.22 World Energy LLC
11.22.1 Global overview
11.22.2 Market/Business Overview
11.22.3 Financial data
11.22.4 Product Landscape
11.22.5 Strategic Outlook
11.22.6 SWOT analysis

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