20 May 2025, 12:09 PM
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 expected to reach USD 28,636.36 million, expanding at a robust CAGR of 48% over the forecast period.
Sustainable Aviation Fuel (SAF) serves as an environmentally friendly alternative to conventional jet fuel, produced from non-petroleum-based feedstocks. It plays a vital role in lowering carbon emissions from air travel, supporting the aviation industry's shift toward greener operations. SAF can be blended with traditional jet fuel, with blend ratios typically ranging from 10% to 50%, depending on the feedstock and production process. Growing awareness of aviation’s environmental footprint is expected to be a major driver of SAF market growth in the coming years.
Fortune Business Insights™ displays this information in a report titled, "Sustainable Aviation Fuel Market, 2025-2032."
LIST OF KEY COMPANIES PROFILED IN THE REPORT
https://www.fortunebusinessinsights.com/...ket-111563
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.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, technologies, applications, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Demand for Alternative Fuels to Boost Product Adoption
Industries across the world, including aviation, are becoming aware of the harmful effects of using fossil fuels on the environment, such as global warming and climate change. This factor has prompted them to take various measures to reduce their greenhouse gas emissions and make their business operations eco-friendlier. This is expected to fuel the adoption of Sustainable Aviation Fuel (SAF) in the aviation sector as this fuel has the potential to decrease emissions by nearly 80%, depending on the production technique and type of feedstock used. This can make the aviation industry more sustainable in its operations.
However, high cost and limited availability of feedstock can hinder the Sustainable Aviation Fuel (SAF) market growth.
Sustainable Aviation Fuel (SAF) serves as an environmentally friendly alternative to conventional jet fuel, produced from non-petroleum-based feedstocks. It plays a vital role in lowering carbon emissions from air travel, supporting the aviation industry's shift toward greener operations. SAF can be blended with traditional jet fuel, with blend ratios typically ranging from 10% to 50%, depending on the feedstock and production process. Growing awareness of aviation’s environmental footprint is expected to be a major driver of SAF market growth in the coming years.
Fortune Business Insights™ displays this information in a report titled, "Sustainable Aviation Fuel Market, 2025-2032."
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Neste (Finland)
- World Energy (U.S.)
- Gevo, Inc. (U.S.)
- Alder Fuels (U.S.)
- SkyNRG (Netherlands)
- Air BP (U.K.)
- Shell Aviation (Netherlands)
- TotalEnergies (France)
- Vitol Aviation (Switzerland)
- LanzaTech (U.S.)
- Fulcrum Bioenergy (U.S.)
https://www.fortunebusinessinsights.com/...ket-111563
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.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, technologies, applications, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Demand for Alternative Fuels to Boost Product Adoption
Industries across the world, including aviation, are becoming aware of the harmful effects of using fossil fuels on the environment, such as global warming and climate change. This factor has prompted them to take various measures to reduce their greenhouse gas emissions and make their business operations eco-friendlier. This is expected to fuel the adoption of Sustainable Aviation Fuel (SAF) in the aviation sector as this fuel has the potential to decrease emissions by nearly 80%, depending on the production technique and type of feedstock used. This can make the aviation industry more sustainable in its operations.
However, high cost and limited availability of feedstock can hinder the Sustainable Aviation Fuel (SAF) market growth.