Summary

Sustainable Aviation Fuel Market Growth & Trends

The global sustainable aviation fuel market size is expected to reach USD 15.85 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a compound annual growth rate (CAGR) of 57.50% from 2023 to 2030. Environmental concerns, regulatory approval, corporate sustainability initiatives, technology developments, investment and finance, partnerships and collaborations, and pricing competitiveness are the key market drivers boosting global growth.

Biofuels are made from a variety of sources, including oil seeds, corn grain, algae, forestry residues, agricultural residues, municipal solid waste, and others. The increased desire for creative solutions aids the governments in lowering carbon footprints. Biofuels provide significant environmental benefits as well as economic livelihood by reducing lifecycle greenhouse gas (GHG) emissions.

The growth of the aviation industry mainly in North American countries, including Canada and Mexico, is expected to propel demand for sustainable aviation fuel in the industry. Moreover, the availability of sustainable feedstocks for SAF production is expected to boost the market growth in the coming years.

However, airlines are unable to meet their self-imposed targets for decreasing GHG emissions alone with engine and flight upgrades; they require SAF. Fuel prices contribute a sizable portion of operating expenses. SAF, despite the fact that it is created from waste and low-cost feedstocks, necessitates extensive and costly technological methods. This is projected to hamper the market growth.

Sustainable aviation fuel offers drop-in capability which is expected to raise its demand to lower its carbon footprint. Sustainable aviation fuel has grown to prominence as a response to our times' growing environmental concerns, with commercial aviation driving demand for sustainable fuels. Various firms and government agencies are actively pioneering innovative manufacturing procedures in the global sustainable aviation fuel market.

Sustainable Aviation Fuel Market Report Highlights

• North America dominated the overall sustainable aviation fuel industry in terms of revenue in 2022. The increase in airline passengers, disposable income, air transportation, and synthetic lubricant usage contribute to the growth

• Biofuel dominated the type segment in 2022 and is expected to grow further due to several factors, including an increased emphasis on renewable energy sources, environmental sustainability, and concerns related to the reduction in GHG emissions

• FT-SPK dominated the end-use segment accounting for over 34.0% in terms of revenue. The Fischer-Tropsch (FT) Synthetic Paraffinic Kerosene (SPK) technology is used due to its ability to manufacture high-quality, drop-in aviation fuel from a variety of feedstocks

• In May 2023, Neste agreed to renew its collaboration with ITOCHU to act as an authorized distributor for Neste MY Renewable Diesel in Japan. This agreement will expand the reach of the Neste MY Renewable Diesels market to the region surrounding Osaka in order to supply the fuel for the 2025 Osaka-Kansai Japan Expo building site

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Information Procurement
1.1.1. Purchased Database
1.1.2. GVR’s Internal Database
1.1.3. Secondary Sources & Third-Party Perspectives
1.1.4. Primary Research
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Market Outlook
2.3. Segmental Outlook
2.4. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environment Analysis: Sustainable Aviation Fuel Market
3.6.1. Industry Analysis - Porter’s Five Force Analysis
3.6.1.1. Bargaining Power of Suppliers
3.6.1.2. Bargaining Power of Buyers
3.6.1.3. Competitive Rivalry
3.6.1.4. Threat of Substitutes
3.6.1.5. Threat of New Entrants
3.6.2. PESTEL Analysis
3.6.2.1. Political Analysis
3.6.2.2. Economic Analysis
3.6.2.3. Social Analysis
3.6.2.4. Technology Analysis
3.6.2.5. Environment Analysis
3.6.2.6. Legal Analysis
3.7. Impact of Covid-19 on Sustainable Aviation Fuel Market
3.8. Eastern European Geopolitical Implication Overview
Chapter 4. Sustainable Aviation Fuel Market: Fuel Type Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Fuel Type Movement & Market Share Analysis, 2022 & 2030
4.2.1. Biofuel
4.2.1.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in biofuel, 2018 - 2030 (Million Liters) (USD Million)
4.2.2. Hydrogen Fuel
4.2.2.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in hydrogen fuel, 2018 - 2030 (Million Liters) (USD Million)
4.2.3. Power to Liquid Fuel
4.2.3.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in power to liquid fuel, 2018 - 2030 (Million Liters) (USD Million)
4.2.4. Gas-to-Liquid
4.2.4.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in gas-to-liquid, 2018 - 2030 (Million Liters) (USD Million)
Chapter 5. Sustainable Aviation Fuel Market: Technology Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Technology Movement & Market Share Analysis, 2022 & 2030
5.2.1. HEFA-SPK
5.2.1.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in HEFA-SPK, 2018 - 2030 (Million Liters) (USD Million)
5.2.2. FT-SPK
5.2.2.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in FT-SPK, 2018 - 2030 (Million Liters) (USD Million)
5.2.3. HFS-SIP
5.2.3.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in building & HFS-SIP, 2018 - 2030 (Million Liters) (USD Million)
5.2.4. ATJ-SPK
5.2.4.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in ATJ-SPK, 2018 - 2030 (Million Liters) (USD Million)
Chapter 6. Sustainable Aviation Fuel Market: Aircraft Type Estimates & Trend Analysis
6.1. Definition & Scope
6.2. Aircraft Type Movement & Market Share Analysis, 2022 & 2030
6.2.1. Fixed Wings
6.2.1.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in fixed wings, 2018 - 2030 (Million Liters) (USD Million)
6.2.2. Roto-craft
6.2.2.1. Sustainable Aviation Fuel Market Estimates and Forecasts, roto-craft, 2018 - 2030 (Million Liters) (USD Million)
6.2.3. Others
6.2.3.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in others, 2018 - 2030 (Million Liters) (USD Million)
Chapter 7. Sustainable Aviation Fuel Market: Platform Estimates & Trend Analysis
7.1. Definition & Scope
7.2. Platform Movement & Market Share Analysis, 2022 & 2030
7.2.1. Commercial
7.2.1.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in commercial, 2018 - 2030 (Million Liters) (USD Million)
7.2.2. Regional transport aircraft
7.2.2.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in regional transport aircraft, 2018 - 2030 (Million Liters) (USD Million)
7.2.3. Military Aviation
7.2.3.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in military aviation, 2018 - 2030 (Million Liters) (USD Million)
7.2.4. Business & General Aviation
7.2.4.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in business & general aviation, 2018 - 2030 (Million Liters) (USD Million)
7.2.5. Unmanned Aerial Vehicles
7.2.5.1. Sustainable Aviation Fuel Market Estimates and Forecasts, in unmanned aerial vehicles, 2018 - 2030 (Million Liters) (USD Million)
Chapter 8. Sustainable Aviation Fuel Market: Regional Estimates & Trend Analysis
8.1. Regional Movement & Market Share Analysis, 2022 & 2030
8.2. North America
8.2.1. North America Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.2.1.1. U.S. Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.2.1.2. Canada Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.2.1.3. Mexico Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3. Europe
8.3.1. Europe Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.1. Germany Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.2. UK Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.3. France Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.4. Italy Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.5. Spain Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.3.1.6. The Netherlands Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.1. China Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.2. India Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.3. Japan India Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.4. South Korea Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.5. Australia Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.6. Malaysia Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.7. Singapore Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.8. Thailand Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.4.1.9. Vietnam Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.5. Central & South America
8.5.1. Central & South America Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.5.2. Brazil Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.5.3. Argentina Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.6. Middle East & Africa
8.6.1. Middle East & Africa Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.6.2. Saudi Arabia Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.6.3. UAE Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
8.6.4. South Africa Sustainable Aviation Fuel Market Estimates and Forecasts, 2018 - 2030 (Million Liters) (USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.5.1. Aemetis Inc.
9.5.2. AVFUEL CORPORATION
9.5.3. Fulcrum BioEnergy
9.5.4. Gevo
9.5.5. TotalEnergies
9.5.6. LanzaTech
9.5.7. Neste
9.5.8. Preem AB
9.5.9. Sasol Limited
9.5.10. SkyNRG B.V.
9.5.11. World Energy, LLC
9.6. Company Market Positioning
9.7. Company Market Share Analysis, 2022
9.8. Company Heat Map Analysis
9.9. Strategy Mapping
9.9.1. Expansion
9.9.2. Mergers & Acquisition
9.9.3. Collaborations
9.9.4. New Product Launches
9.9.5. Research & Development