Sustainable Aviation Fuel Market Projected to Grow Over 45% CAGR by 2032

Here is a report by Global Market Insights. According to this report:

  • The sustainable aviation fuel (SAF) market is valued at USD 952.6 million in 2023 and is expected to grow at a CAGR of over 45% from 2024 to $32.9 billion in 2032
  • Government initiatives, including subsidies from the Biden administration, are promoting SAF adoption, with biofuels leading the market due to their emissions-lowering capabilities.
  • Key players like Neste and Shell PLC are focusing on renewable feedstocks, with significant market shares in North America, Europe, and other regions.

Here are some other key insights and developments to note about the SAF market from around the world:

  • $1.5 million - Allocated by the Australian government for the development of sustainable fuels, including SAF, as reported by Capital Brief
  • €250 million - Invested by Repsol to construct an e-SAF production plant in Spain, as reported by SAF Investor
  • £53 million - Invested by the UK government as part of the Advanced Fuels Fund to support the development of SAF production facilities across the country, as reported by Flightworx

 


Decarbonization Avenues

  • Biofuels
  • Low Carbon Aviation
  • Multi-stakeholder Collaboration

    • Industries

  • Aviation

    • Keywords

  • green aviation

    • Latest Data Matters

    90% Carbon emissions need to be reduced from steel production
    Petrochemicals sector in India is going to bloom upto humongous USD 1 trillion economy - by 2040
    An average American consumes about 10 times as much electricity as an Indian
    50% fuel consumption to the same distance as a standard aircraft (The NASA’s way)
    90% returns as Efficiency in EV vehicles - what goes comes around
    Oceans holds almost 60 times as much CO2 compared to atmosphere
    70% of the CO2 emission is by Coal-fired power plants
    Energy Efficiency projects have paybacks almost 3 to 4 times higher than Renewable Energy projects
    The efficiency power generation systems can ride upto 80% by implementation of Waste heat recovery techniques
    Replacing inefficient motors could save $375 billion globally
    A third of global economy tied to science-based climate targets – SBTi CEO
    More than 60 million trucks are driving around our planet, causing millions of metric tons of CO2 emissions.
    If Levi’s were a nation, it would be the fourth largest climate polluter on Earth
    Microsoft to erase its carbon footprint, past and future, in climate push
    World has 400 GW of nuclear capacity now?
    3159 Active Waste Dump Sites Contributing to 20% of Methane Emissions in India
    Record $1.8 Trillion Investment in Global Clean Energy in 2023
    Energy Transition Minerals Market Size Doubles to USD 320 Billion in 2022
    Global Renewable Capacity to Add 3,700 GW by 2028
    India's Renewable Energy Capacity Reached 136.6 GW by 2023
    370 Million Acres of Forests in North America Certified by SFI
    CEMEX Reduces CO2 Emissions by 13% in Cement Production
    Only 18% of Companies On Track to Achieve Net Zero Emissions by 2050
    The $100 Trillion Decarbonization Investment Opportunity
    $1.4 Trillion Green Hydrogen Market Expected by 2050
    Global CO2 Capture Capacity 243.97 Mtpa (2022)
    Electric Car Sales Estimated to Be 17 Million in 2024
    USD 320 Billion - Hydrogen Sector Investments by 2030
    $7 Billion Funding for U.S. Regional Clean Hydrogen Hubs
    ONGC's Rs 2 Lakh Crore Investment Plan for Net-Zero Carbon Emissions by 2038
    Global Commitment to SBTi Climate Targets Now Worth $38 Trillion in Market Cap by 2021
    Sustainable Bond Issuance To Near $1 Trillion in 2024
    Sustainable Aviation Fuel Market Projected to Grow Over 45% CAGR by 2032
    Solar Energy Capacity Must Expand by 7,000% to 75 TW by 2050
    Energy Storage Market to Reach USD 99.72 Billion by 2029
    View all