The global Sustainable Aviation Fuels (SAF) market represents a pivotal frontier within the aviation industry, offering a compelling solution to address its substantial greenhouse gas emissions. SAF, a biofuel engineered for aircraft, closely mimicking the characteristics of conventional jet fuel while significantly reducing carbon emissions, is reshaping the aviation landscape. SAFs lower carbon intensity makes it an important solution for reducing aviation GHGs, which make up 9%–12% of U.S. transportation GHG emissions, according to the U.S. Environmental Protection Agency.
The market growth is predominantly driven by the ability to use diverse feedstock sources, which serve as the cornerstone of its sustainability. These sources encompass a wide array of materials, including corn grain, oil seeds, algae, agricultural residues, forestry residues, municipal solid waste streams, wet wastes like manures and wastewater treatment sludge, and dedicated energy crops. The versatility of feedstock sources underscores the SAF market's adaptability, ensuring its ability to meet evolving industry needs and environmental concerns.
Aviation accounts for about 1 billion metric tons or about 3% of global CO2 emissions annually. While alternative energy sources like hydrogen and electric-based propulsion have incredible long-term potential, they have significant technical limitations over the near term, necessitating other decarbonization routes. Accordingly, sustainable aviation fuel presents robust growth prospects.
To establish a robust production scale and ensure the economic viability of Sustainable Aviation Fuels (SAF), overcoming technological challenges, implementing a supportive regulatory framework to stimulate demand among corporate and private customers, and devising innovative financial solutions to facilitate the transition.
The US government plans to reach 3 billion gallons per year of domestically produced renewable jet production with at least a 50 percent reduction in greenhouse gas (GHG) emissions by 2030. In December 2022, The U.S. EPA finalized approval Dec. 1 of canola/rapeseed oil for use as renewable diesel and sustainable aviation fuel (SAF) feedstock under the Renewable Fuel Standard, allowing hydrotreated fuels made from canola and rapeseed oils to qualify for the program and generate renewable identification number (RIN) credits.
The Environmental Protection Agency (EPA) issued a final determination that canola oil-based renewable diesel, SAF, naphtha, heating oil, and liquified petroleum gas (propane) met the lifecycle greenhouse gas (GHG) emissions reduction requirement of at least 50 percent under the Renewable Fuel Standard (RFS) to qualify as advanced biofuels.
US Canola Oil and Canola oilseed production and consumption, 2015-2023
|
Commodity |
Attribute |
2015/2016 |
2016/2017 |
2017/2018 |
2018/2019 |
2019/2020 |
2020/2021 |
2021/2022 |
2022/2023 |
2023/2024 |
|
Oil, Rapeseed (1000 MT) |
Production |
721 |
798 |
753 |
697 |
825 |
814 |
673 |
812 |
833 |
|
|
Domestic Consumption |
2,413 |
2,656 |
2,546 |
2,397 |
2,559 |
2,536 |
2,564 |
3,508 |
3,769 |
|
Oilseed, Rapeseed (1000 MT) |
Production |
1,305 |
1,405 |
1,394 |
1,644 |
1,553 |
1,575 |
1,244 |
1,742 |
1,831 |
|
|
Domestic Consumption |
1,437 |
2,036 |
1,912 |
1,976 |
1,853 |
1,864 |
1,722 |
2,061 |
2,104 |
Source: FAOSTAT
In 2024, Biofuel type Sustainable Aviation Fuel accounted for the dominant 55.9% market share. The use of feedstock including agricultural waste, cooking oil, and non-food crops for the production of renewable jet fuel predominantly drives new product launches. In 2024, Neste announced the launch of Neste MY Renewable Jet Fuel sourced from waste fats and oils. Similarly, World Energy launched its SAF Hub in the US and partnered with Shell Aviation. Fulcrum BioEnergy is also focusing conversion of residential garbage to jet fuel (Fulcrum Fuel). United Airlines operated its first commercial aircraft using Gevo's bio-based SAF.
Commercial Aviation End-Users accounted for 53.1% market share in 2024. Regulatory support from CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), and others is encouraging the adoption of SAFs in the commercial aviation industry. Delta Air Lines announced plans to replace 10% of its conventional jet fuel with SAF by end of this decade. Similarly, British Airways aims net-zero emissions and is boosting SAF use in its operations. Amidst robust market demand, new hubs are emerging across markets. For instance, LanzaJet Freedom Pines Fuels is scheduled to become operational in 2024 to supply SAFs to the commercial aviation industry.
The North America region is poised to remain the fastest-growing market for Sustainable Aviation Fuel vendors, projected to expand at a CAGR of 60.11% during the forecast period. The Biden administration’s SAF Grand Challenge aims to scale domestic SAF production to 3 billion gallons annually by 2030. Accordingly, large-scale production facilities are under construction in the US to supply aviation industries. Delta Air Lines, United Airlines, and American Airlines also announced plans to increase the SAF use in their operations. The California Air Resources Board (CARB) drives suppliers to adopt SAF more quickly to meet regulatory requirements. Accordingly, companies like LanzaJet are developing innovative processes that use ethanol-based feedstocks to produce SAF.
The global Sustainable Aviation Fuel market is competitive with the presence of both local and global players. Leading companies included in the study are Neste, Fulcrum Bioenergy, Lanzatech, TotalEnergies, Gevo, SG Preston, Velocys, Skynrg, Red Rock Biofuels, Aemetis, Prometheus Fuels, Alderfuels, OMV AG, BP Plc, and others.
|
Parameter |
Details |
|
Market Size (2024) |
$1.1 Billion |
|
Market Size (2032) |
$29.7 Billion |
|
Market Growth Rate |
52.6% |
|
Largest Segment- Type |
Biofuel based Sustainable Aviation Fuel (55.9% Market Share) |
|
Fastest Growing Market- Region |
North America (60.11% CAGR) |
|
Largest Segment- Application |
Commercial Aviation (53.1% Market Share) |
|
Largest Segment- Technology |
FT-SPK ($450 Million Market Size) |
|
Segments |
Types, Technology, Applications |
|
Study Period |
2018- 2023 and 2024-2032 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
Neste, Fulcrum Bioenergy, Lanzatech, TotalEnergies, Gevo, SG Preston, Velocys, Skynrg, Red Rock Biofuels, Aemetis, Prometheus Fuels, Alderfuels, OMV AG, BP Plc |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
End-User
Technology
Countries Analyzed
Sustainable Aviation Fuel Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the Industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies Opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
4. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
5. Market Size Outlook to 2032
Global Sustainable Aviation Fuel Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
6. Historical Sustainable Aviation Fuel Market Size by Segments, 2018- 2023
Key Statistics, 2024
Sustainable Aviation Fuel Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Sustainable Aviation Fuel Types, 2018-2023
Sustainable Aviation Fuel Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Sustainable Aviation Fuel Applications, 2018-2023
7. Sustainable Aviation Fuel Market Size Outlook by Segments, 2024- 2032
Sustainable Aviation Fuel Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Sustainable Aviation Fuel Types, 2024-2032
Sustainable Aviation Fuel Market Size Outlook by End-User, USD Million, 2024-2032
Growth Comparison (y-o-y) across Sustainable Aviation Fuel End-Users, 2024-2032
Sustainable Aviation Fuel Market Size Outlook by Technology, USD Million, 2024-2032
Growth Comparison (y-o-y) across Sustainable Aviation Fuel Technologies, 2024-2032
8. Sustainable Aviation Fuel Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
9. United States Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
United States Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
United States Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
10. Canada Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Canada Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Canada Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
11. Mexico Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Mexico Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Mexico Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
12. Germany Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Germany Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Germany Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
13. France Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
France Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
France Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
France Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
14. United Kingdom Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
United Kingdom Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
United Kingdom Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
15. Spain Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Spain Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Spain Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
16. Italy Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Italy Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Italy Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
17. Benelux Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Benelux Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Benelux Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
18. Nordic Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Nordic Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Nordic Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Rest of Europe Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Rest of Europe Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
20. China Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
China Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
China Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
China Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
21. India Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
India Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
India Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
India Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
22. Japan Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Japan Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Japan Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
23. South Korea Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
South Korea Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
South Korea Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
24. Australia Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Australia Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Australia Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
25. South East Asia Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
South East Asia Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
South East Asia Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
27. Brazil Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Brazil Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Brazil Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
28. Argentina Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Argentina Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Argentina Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Rest of South America Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Rest of South America Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
United Arab Emirates Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
United Arab Emirates Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Saudi Arabia Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Saudi Arabia Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Rest of Middle East Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Rest of Middle East Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
33. South Africa Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
South Africa Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
South Africa Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Sustainable Aviation Fuel Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Sustainable Aviation Fuel Market Size Outlook by Type, 2021- 2032
Rest of Africa Sustainable Aviation Fuel Market Size Outlook by Application, 2021- 2032
Rest of Africa Sustainable Aviation Fuel Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
SWOT Analysis
36. Recent Market Developments
Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
End-User
Technology
Countries Analyzed
USD Analytics forecasts the global Sustainable Aviation Fuel market size to increase from $1,008.8 Million in 2024 to $29.7 Billion in 2032, registering a CAGR of 52.6% during the forecast period
Largest Segment by Type is Biofuel based Sustainable Aviation Fuel (55.9% Market Share), Largest Segment by Application is Commercial Aviation (53.1% Market Share), Largest Segment by Technology is FT-SPK ($450 Million Market Size)
Neste, Fulcrum Bioenergy, Lanzatech, TotalEnergies, Gevo, SG Preston, Velocys, Skynrg, Red Rock Biofuels, Aemetis, Prometheus Fuels, Alderfuels, OMV AG, BP Plc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume
North America (60.11% CAGR)