Sustainable Aviation Fuel Market

The global sustainable aviation fuel market is foreseen to grow by 6.1%, from USD 218.45 Million in 2021 to USD 8398.62 Million in 2029. The high fuel efficiency of SAF, increasing air passenger traffic, and increasing need for reduction in GHG emissions drive the market for the upcoming forecast period. However, inadequate availability of feedstock and refineries to meet SAF production demand and the price difference between SAF and conventional jet fuels remains one factor hindering the market growth over the anticipated period.

Market Definition

What is Sustainable Aviation Fuel?

Sustainable aviation fuel stands for SAF. The production is done from sustainable feedstocks similar to fossil jet fuel, thus reducing carbon emissions compared to other jet fuels.

Market Overview

The sustainable aviation fuel market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the sustainable aviation fuel market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global Sustainable aviation fuel market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Sustainable aviation fuel market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the Sustainable aviation fuel market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the Sustainable aviation fuel market include Aemetis, Alder Fuels, Fulcrum Bioenergy, Gevo, Inc., Lanzatech, Neste, Northwest Advanced Biofuels, OMV Aktiengesellschaft, Preem AB, Prometheus Fuels, Red Rock Biofuels, Saf+ Consortium, S.G. Preston Company, Skynrg, Totalenergies, Velocys, Wastefuel, World Energy.

COVID-19 Impact on Global Sustainable aviation fuel market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. the impact of COVID-19 on the Sustainable aviation fuel market has forced the companies to change their sourcing, pricing, and promotion strategies. the Sustainable aviation fuel market players are seen focusing more on optimizing the e-commerce networks with the rising innovations in the digital sector, which are creating new business models for the aerospace & defense industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). the market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and Sustainable aviation fuel market future markets are analyzed to understand their impact on demand for the forecast period. growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global Sustainable aviation fuel market segmented on the basis of fuel type, biofuel manufacturing technology, biofuel blending capacity, platform, and region:

Fuel Type Outlook:

On the basis of fuel type, the market is segmented into biofuel, hydrogen fuel, power to liquid fuel, gas-to-liquid.

Figure 1 Sustainable aviation fuel market By Fuel Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Biofuel Manufacturing Technology Outlook:

On the basis of Biofuel Manufacturing Technology, the market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Alcohol to Jet SPK (ATJ-SPK), Catalytic Hydrothermolysis Jet (CHJ).

Figure 2 Biofuel Manufacturing Technology Outlook (Revenue, USD Million, 2021)

Biofuel Blending Capacity Outlook:

On the basis of Biofuel Blending Capacity, the market is segmented into Below 30%, 30% to 50%, Above 50%.

Figure 3– Biofuel Blending Capacity Outlook (Revenue, USD Million, 2021)