A new Report by Delvens, titled "Sustainable Aviation Fuel (SAF) market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Sustainable Aviation Fuel (SAF) market size was estimated at USD 0.7 billion in 2023 and is projected to reach USD 7.75 billion in 2030 at a CAGR of 41% during the forecast period 2024-2030.
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The Sustainable Aviation Fuel (SAF) market is witnessing robust growth driven by heightened global awareness of climate change and the need to reduce carbon emissions within the aviation industry. Airlines are increasingly adopting SAF as a cleaner alternative to traditional jet fuels, propelled by regulatory initiatives and mandates from organizations like the International Civil Aviation Organization (ICAO) and various national governments.
Competitive Landscape
· Aemetis Inc.
· Alder Energy LLC
· Chevron Corp.
· Cummins Inc.
· Deutsche Lufthansa AG
· Eni SpA
· Fulcrum BioEnergy Inc.
· Gevo Inc.
· LanzaTech Global Inc.
· Neste Corp.
· OMV Aktiengesellschaft
· Pan Oleo Energy Ltd.
· Preem Holdings AB
· Sasol Ltd.
· Shell plc
· SkyNRG BV
· SYNHELION SA
· TotalEnergies SE
· Velocys Plc
· World Energy LLC and More
These regulatory frameworks aim to accelerate market expansion by promoting sustainable fuel adoption. Key to the market's growth are substantial investments in research and development aimed at enhancing the efficiency of SAF production. Advances in feedstock technologies, particularly in exploring new sources like algae and waste materials, are contributing significantly to the sustainability and scalability of SAF.
Collaborations among airlines, aircraft manufacturers, and biofuel producers are crucial, as these partnerships help scale up production, thereby fostering a more sustainable future for air travel. Economic viability and technological advancements in the commercial aviation sector are bolstering the SAF market. The efficacy of hydrogen fuel cells as a viable alternative fuel source is also supporting industry growth. Current market trends indicate a notable increase in airline adoption of SAF to mitigate carbon emissions.
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Recent Developments
In December 2023, Mangalore Refinery and Petrochemicals Ltd (MRPL) announced plans to produce sustainable aviation fuel (SAF) within two years to support the government's one percent blending target. The company is also setting up a 20-kilolitre-per-day plant to showcase its indigenously developed technology.
In October 2023, Emirates and Neste expanded their collaboration to supply over three million gallons of blended Neste MY Sustainable Aviation Fuel (SAF) in 2024 and 2025. This SAF, mixed with traditional jet fuel, will be used for Emirates' flights from Amsterdam Schiphol and Singapore Changi airports.
The Sustainable Aviation Fuel (SAF) Market is segmented into various segments such as Fuel Type, Technology, Blending Capacity, Platform, and Region:
Based on Fuel Type
· Biofuel
· Hydrogen Fuel
· Power to Liquid
· Gas to Liquid
Based on Technology
· FT-SPK
· HEFA-SPK
· HFS-SIP
· ATJ-SPK
· CHJ
· FT-SPK/A
· HC-HEFA-SPK
Based on Blending Capacity
· Below 30%
· 30% to 50%
· Above 50%
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Sustainable Aviation Fuel (SAF) Market?
· Which region holds the largest market share in Sustainable Aviation Fuel (SAF) Market?
· Which region is the fastest growing in Sustainable Aviation Fuel (SAF) Market?
· Who are the major players in Sustainable Aviation Fuel (SAF) Market?
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