Sustainable Aviation Fuel Market Size & Share, by Fuel Type (BioFuel, Power to Liquid Fuel, Hydrogen Fuel, Gas to Liquid Fuel); Technology (HEFA-SPK, FT-SPK, HFS-SIP, ATJ-SPK); Aircraft Type (Commercial, Regional Transport Aircraft, Military Aviation, Business General Aviation, Unmanned Aerial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035
CESPA came in alliance with Iberia Group Seal to reduce the carbon emission in air transport at a large scale. They intend to create and generate substantial quantities of sustainable aviation biofuels (SAF) using waste, recovered used oils, and other sustainable plant-based feedstocks.
Neste Corporation announced the strategic collaboration with DHL Express to make one of the largest-ever deal in the aviation industry of sustainable aviation fuels. Neste is going to supply DHL with roughly 320,000 tons (400 million liters) of Neste MY Sustainable Aviation FuelTM over the next five years.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Report ID: 4881
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing air traffic, rising emissions from the aviation industry, and higher adoption of SAF are the major factors driving the market growth.
The market size of sustainable aviation fuel is anticipated to attain a CAGR of 42% over the forecast period, i.e., 2023-2035.
Lack of standard policies, and the high cost of producing SAF are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Northwest Advanced Biofuels, LLC., Red Rock Biofuels, Fulcrum BioEnergy, Inc., Aemetis, Inc., TotalEnergies SE, OMV Aktiengesellschaft AG, Neste MY, SkyNRG B.V., Gevo Inc., and CESPA
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by fuel type, technology, aircraft type, and by region.
The biofuel segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.