Authored By: Sarah
07 Aug 2023

Sustainable Aviation Fuel Market to witness growth by USD 1978 mn  | Forecast and Trend Analysis through 2023-2027

The rising need for cleaner fuels and increasing emissions from airlines followed by favorable government policies are driving the sustainable aviation fuel market to new heights. It is estimated to exhibit growth at a CAGR of 59.08% between 2022 and 2027  with a revenue growth of USD 1,978 million.

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Sustainable Aviation Fuel Market Trends at a Glance

Emerging Trends to Impact Market Growth of Sustainable Aviation Fuel Market: Environmental and energy security concerns have resulted in an increase in the demand for renewable fuels. When it comes to market trends research on third-generation biofuels is a key trend in the market which involve the usage of non-food crops such as wood (sawdust); organic waste (corn-Stover).

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Key Companies: Cummins Inc., Aemetis Inc., Alder Energy LLC, Chevron Corp., Deutsche Lufthansa AG, Fulcrum BioEnergy Inc., Gevo Inc., LanzaTech Global Inc., Neste Corp., OMV Aktiengesellschaft, Pan Oleo Energy Ltd., Preem Holdings AB, Sasol Ltd., Shell plc, etc are some of the major organizations when it comes to Sustainable Aviation Fuel. For example, Eni SpA - offers sustainable aviation fuels such as Eni Biojet.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of about 59.08%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 1978 mn through 2023-2027.

  3. What is a key factor driving this market?
    Favorable government policies will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, Middle East and Africa, and South America are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    39% growth will originate from North America

  6. What are the market segments covered in this report?
    The market is segmented by Type (Biofuel, Hydrogen fuel, and Power to liquid fuel), Application (Commercial Aviation, Business and ,general aviation, Military aviation, and Unmanned aerial aviation), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
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