Sustainable Aviation Fuel Market: By Fuel Type, By Biofuel Manufacturing Technology, Fischer Tropsch Synthetic Paraffinic Kerosene, Synthetic Iso-paraffin from Fermented Hydro processed Sugar, Alcohol to Jet SPK, Catalytic Hydro thermolysis Jet ), By Biofuel Blending Capacity, By Platform Analysis and Geography
Sustainable Aviation Fuel Market size was valued at US$ 226 million in 2023 and is poised to grow at a CAGR of 56.5% from 2024 to 2030. The global market provides a detailed overview of the Market, which has been segmented by fuel type, industry analysis, and platform analysis. By fuel type, the market has been segmented into Hydro processed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Alcohol to Jet SPK (ATJ-SPK), Catalytic Hydrothermolysis Jet (CHJ).
The Hydro-processed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-SPK) segment is likely the most significant and fastest-growing segment in terms of fuel type. By industry analysis, the market has been segmented into Below 30%, 30% to 50%, and Above 50%. The 30% to 50% segment holds a significant revenue share in the market. Based on the platform analysis, sustainable aviation fuel is segmented into Military Aviation, Business & General Aviation, and Unmanned Aerial Vehicles. According to precision business insights, the business & general aviation segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
56.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increasing air travel, higher discretionary income, increased usage of synthetic lubricants, and an increase in the number of airline passengers all contribute to expanding the global market for sustainable aviation fuel.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 226 million |
Market CAGR |
56.5% |
By Fuel Type |
|
By Manufacturing Technology |
|
By Biofuel Blending |
|
By Platform |
|
By Region |
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The global sustainable aviation fuel market size was valued at US$ 226 million in 2023 and is expected to grow at a CAGR of 56.5% from 2024 to 2030.
The major players in the market are Aemetis Inc., Avfuel Corporation, Fulcrum Bioenergy, Gevo, Preem AB, Lanzatech, Neste, Preem AB, Sasol, SkyNRG, and World Energy.
The North American market is expected to witness the largest market share during the forecast period.
1. Executive Summary |
2. Global Sustainable Aviation Fuel Market Introduction |
2.1. Global Sustainable Aviation Fuel Market – Taxonomy |
2.2. Global Sustainable Aviation Fuel Market –Definitions |
2.2.1. By Fuel Type |
2.2.2. By Biofuel Manufacturing Technology |
2.2.3. By Biofuel Blending Capacity |
2.2.4. By Platform |
2.2.5. By Region |
3. Global Sustainable Aviation Fuel Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Sustainable Aviation Fuel Market Dynamic Factors - Impact Analysis |
3.6. Global Sustainable Aviation Fuel Market – Competition Landscape |
4. Global Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Sustainable Aviation Fuel Market, By Fuel Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1. Biofuel |
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hydrogen Fuel |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Power to Liquid Fuel |
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Gas-to-Liquid |
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Synthetic Iso-paraffin from Fermented Hydro processed Sugar (HFS-SIP) |
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Alcohol to Jet SPK (ATJ-SPK) |
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Catalytic Hydro thermolysis Jet (CHJ) |
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. Below 30% |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. 30-50% |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Above 50% |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Sustainable Aviation Fuel Market, By Platform, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1. Commercial Aviation |
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Military Aviation |
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Business & General Aviation |
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Unmanned Aerial Vehicle |
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Sustainable Aviation Fuel Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, By Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Region, 2024-2030 |
10. North America Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
10.1. Fuel Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Biofuel |
10.1.2. Hydrogen Fuel |
10.1.3. Power to Liquid Fuel |
10.1.4. Gas-to-Liquid |
10.2. Biofuel Manufacturing Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
10.2.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
10.2.3. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) |
10.2.4. Alcohol to Jet SPK (ATJ-SPK) |
10.2.5. Catalytic Hydrothermolysis Jet (CHJ) |
10.3. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Below 30% |
10.3.2. 30% to 50% |
10.3.3. Above 50% |
10.4. Platform Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Commercial Aviation |
10.4.2. Military Aviation |
10.4.3. Business & General Aviation |
10.4.4. Unmanned Aerial Vehicle |
10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Country, 2024-2030 |
10.7. North America Sustainable Aviation Fuel Market Dynamics – Trends |
11. Europe Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
11.1. Fuel Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Biofuel |
11.1.2. Hydrogen Fuel |
11.1.3. Power to Liquid Fuel |
11.1.4. Gas-to-Liquid |
11.2. Biofuel Manufacturing Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
11.2.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
11.2.3. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) |
11.2.4. Alcohol to Jet SPK (ATJ-SPK) |
11.2.5. Catalytic Hydrothermolysis Jet (CHJ) |
11.3. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Below 30% |
11.3.2. 30% to 50% |
11.3.3. Above 50% |
11.4. Platform Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Commercial Aviation |
11.4.2. Military Aviation |
11.4.3. Business & General Aviation |
11.4.4. Unmanned Aerial Vehicle |
11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Country, 2024-2030 |
11.7. Europe Sustainable Aviation Fuel Market Dynamics – Trends |
12. Asia-Pacific Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
12.1. Fuel Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Biofuel |
12.1.2. Hydrogen Fuel |
12.1.3. Power to Liquid Fuel |
12.1.4. Gas-to-Liquid |
12.2. Biofuel Manufacturing Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
12.2.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
12.2.3. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) |
12.2.4. Alcohol to Jet SPK (ATJ-SPK) |
12.2.5. Catalytic Hydrothermolysis Jet (CHJ) |
12.3. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Below 30% |
12.3.2. 30% to 50% |
12.3.3. Above 50% |
12.4. Platform Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Commercial Aviation |
12.4.2. Military Aviation |
12.4.3. Business & General Aviation |
12.4.4. Unmanned Aerial Vehicle |
12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Country, 2024-2030 |
12.7. Asia-Pacific Sustainable Aviation Fuel Market Dynamics – Trends |
13. Latin America Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
13.1. Fuel Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Biofuel |
13.1.2. Hydrogen Fuel |
13.1.3. Power to Liquid Fuel |
13.1.4. Gas-to-Liquid |
13.2. Biofuel Manufacturing Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
13.2.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
13.2.3. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) |
13.2.4. Alcohol to Jet SPK (ATJ-SPK) |
13.2.5. Catalytic Hydrothermolysis Jet (CHJ) |
13.3. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Below 30% |
13.3.2. 30% to 50% |
13.3.3. Above 50% |
13.4. Platform Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Commercial Aviation |
13.4.2. Military Aviation |
13.4.3. Business & General Aviation |
13.4.4. Unmanned Aerial Vehicle |
13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Country, 2024-2030 |
13.7. Latin America Sustainable Aviation Fuel Market Dynamics – Trends |
14. Middle East and Africa Sustainable Aviation Fuel Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
14.1. Fuel Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Biofuel |
14.1.2. Hydrogen Fuel |
14.1.3. Power to Liquid Fuel |
14.1.4. Gas-to-Liquid |
14.2. Biofuel Manufacturing Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) |
14.2.2. Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) |
14.2.3. Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) |
14.2.4. Alcohol to Jet SPK (ATJ-SPK) |
14.2.5. Catalytic Hydrothermolysis Jet (CHJ) |
14.3. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Below 30% |
14.3.2. 30% to 50% |
14.3.3. Above 50% |
14.4. Platform Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Commercial Aviation |
14.4.2. Military Aviation |
14.4.3. Business & General Aviation |
14.4.4. Unmanned Aerial Vehicle |
14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Sustainable Aviation Fuel Market - Opportunity Analysis Index, By Fuel Type, Biofuel Manufacturing Technology, By Biofuel Blending Capacity, By Platform, and Country, 2024-2030 |
14.7. MEA Sustainable Aviation Fuel Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Fuel Types, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Aemetis Inc. |
15.2.2. Avfuel Corporation |
15.2.3. Fulcrum Bioenergy |
15.2.4. Gevo |
15.2.5. Preem AB |
15.2.6. Lanzatech |
15.2.7. N |
Key Market Players