PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762402
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762402
The sustainable aviation fuel market size is expected to reach USD 106.52 billion by 2034, according to a new study by Polaris Market Research. The report "Sustainable Aviation Fuel Market Size, Share, Trends, & Industry Analysis Report: By Fuel Type (FeV40, FeV50, FeV60, and Other), By Technology, By Aircraft Type, By Platform, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sustainable aviation fuel (SAF) is a renewable or waste-derived fuel that can be used in existing aircraft engines to reduce greenhouse gas emissions compared to traditional aircraft fuel systems.
Many businesses and consumers are demanding greener practices from the companies they support, including airlines. Corporations now include sustainability in their travel policies, often preferring to fly with carriers that use SAF or offset emissions. Travelers are also becoming more environmentally conscious, influencing airline choices. This demand encourages airlines to prioritize SAF in their fuel mix and promote eco-friendly flying options. SAF adoption helps airlines maintain their reputation and meet expectations from both consumers and corporate clients as sustainability becomes a key brand differentiator, thereby driving the SAF market growth.
Major airlines and aviation alliances have committed to achieving net-zero carbon emissions by 2050. This goal cannot be reached through efficiency improvements alone, so the adoption of SAF is becoming a key strategy. Airlines such as Delta, United, and British Airways are investing in SAF development and partnerships to secure future supplies. These commitments create steady demand for SAF and send a strong signal to fuel producers and investors. The push from within the industry ensures that SAF becomes a long-term part of aviation's journey toward cleaner and greener operations.
By aircraft type, in 2024, the fixed wings segment dominated with the largest share due to their widespread use in both commercial and military aviation.
The military aviation, by platform, is expected to witness significant growth during the forecast period as defense organizations worldwide are increasingly focused on reducing their environmental impact while maintaining operational readiness.
In 2024, the North America sustainable aviation fuel market dominated with the largest share, driven by strong government policies, major airline investments, and advanced fuel production technology.
The Asia Pacific SAF market is experiencing significant growth due to rapid expansion in air travel and economic growth in countries such as China, Japan, and Australia.
The global key market players are Aemetis Inc.; AVFUEL CORPORATION; Fulcrum BioEnergy; Gevo; TotalEnergies; LanzaTech; Neste; Preem AB; Sasol Limited; SkyNRG B.V.; and World Energy, LLC.
Polaris Market Research has segmented the sustainable aviation fuel market report on the basis of fuel type, technology, aircraft type, platform, and region:
By Fuel Type (Volume - Million Liters, Revenue - USD Billion, 2020-2034)
Biofuel
Hydrogen Fuel
Power to Liquid Fuel
Gas-to-Liquid
By Technology (Volume - Million Liters, Revenue - USD Billion, 2020-2034)
HEFA-SPK
FT-SPK
HFS-SIP
ATJ-SPK
By Aircraft Type (Volume - Million Liters, Revenue - USD Billion, 2020-2034)
Fixed Wings
Rotorcraft
Others
By Platform (Volume - Million Liters, Revenue - USD Billion, 2020-2034)
Commercial
Regional Transport Aircraft
Military Aviation
Business & General Aviation
Unmanned Aerial Vehicles
By Regional Outlook (Volume - Million Liters, Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa