Sustainable Aviation Fuel Market is Expected to Reach $131 Billion by 2033: BIS Research

Sustainable aviation fuel (SAF) emerged in the early 2000s amid environmental concerns, aiming to lower greenhouse gas emissions and reduce reliance on fossil fuels. Initially focusing on biofuels from plants like sugarcane, SAF has evolved significantly, with advancements in feedstocks, refining, and certification. It is now gaining global attention and adoption as a cleaner alternative to traditional jet fuels. 

Recently BIS Research released the Global Sustainable Aviation Fuel Market report,which values the market at $0.66 billion in 2022, is projected to reach $131.12 billion by 2033, with a CAGR of 58.78% during 2023-2033. The detailed report includes 194 pages, 88 tables, and 21 figures, covering the forecast period and market analysis. 

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Sustainable Aviation Fuel Market Analysis: Drivers, Challenges, and Opportunities 

Following are the drivers for the sustainable aviation fuel market: 

•    Increasing environmental concerns 

•    Volatile jet fuel prices 

•    Advances in conversion technologies 

Following are the challenges for the sustainable aviation fuel market: 

•   Infrastructure development cost 

•   Inadequate supply of feedstock 

Following are the opportunities for the sustainable aviation fuel market: 

•    SAF offtake agreements 

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Sustainable Aviation Fuel Market Segments 

Segmentation 1: by Application 

•   Commercial Aviation 

•   Business and General Aviation 

•   Military Aviation 

•   Unmanned Aerial Vehicle (UAV) 

Segmentation 2: by Engine Type 

•   Piston Engine 

•   Turbine Engine 

Segmentation 3: by Fuel Type 

•   Hydrogen Fuel 

•   Biofuel 

•   Power-to-Liquid Fuel 

•   Gas-to-Liquid Fuel 

Segmentation 4: by Manufacturing Technology 

•   Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK) 

•   Hydroprocessed Esters and Fatty Acids-Synthetic Paraffinic Kerosene (HEFA-SPK) 

•   Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK) 

•   Synthetic ISO-Paraffin from Fermented Hydroprocessed Sugar (HFS-SIP) 

•   Catalytic Hydrothermolysis Jet (CHJ) 

Segmentation 5: by Blending Capacity 

•   Below 30% 

•   30% to 50% 

•   Above 50% 

Segmentation 6: by Region 

•   North America - U.S. and Canada 

•   Europe - U.K., Germany, France, and Rest-of-Europe 

•   Asia-Pacific - Japan, India, China, and Rest-of-Asia-Pacific 

•   Rest-of-the-World - Middle East and Africa and Latin America 

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Key Players in the Sustainable Aviation Fuel Market 

•  Aemetis, Inc. 

•  BP p.l.c. 

•  Shell 

•  Neste 

•  Gevo, Inc. 

•  SkyNRG 

•  Velocys plc 

•  TotalEnergies 

•  Fulcrum BioEnergy, Inc. 

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About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   

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