Explosive Growth in Sustainable Aviation Fuel Market Predicted
The global Sustainable Aviation Fuel (SAF) market is witnessing an unprecedented surge. New research forecasts a leap from $2.06 billion in 2025 to a staggering $25.62 billion by 2030. This represents an impressive 65.5% compound annual growth rate.
Volume production is set to follow suit, with projections of a rise from 0.30 billion gallons in 2025 to 3.68 billion gallons by 2030.
Global Market Shares
Currently, North America holds the reins with approximately 40% of the market share. However, Europe and Asia are hot on its heels, propelled by regulatory frameworks that are driving adoption.
SAF vs. Other Technologies
Unlike speculative technologies such as hydrogen or electric aircraft, SAF provides an immediate solution. It has the potential to slash lifecycle emissions by up to 80% when compared to conventional jet fuel.
Pressure on the Aviation Industry
The aviation industry is under increasing pressure from regulators, investors, and passengers alike. They demand stronger mandates for greener flight options. This makes SAF the most practical route towards decarbonization.
Source: GlobeNewswire