Home > Aerospace & Defense > Aviation Technology > Sustainable Aviation Fuel Market

Sustainable Aviation Fuel Market Share

Report ID: GMI7733
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Sustainable Aviation Fuel Market Share

Neste, World Energy Houston LLC, and GEVO are key players in the sustainable aviation fuel (SAF) sector. Neste, a pioneer in renewable fuels, has significantly expanded its SAF production and formed key partnerships with airlines. World Energy Houston LLC made history as the first U.S. company to produce SAF at a commercial scale, demonstrating its commitment to sustainability. GEVO focuses on bio-based alternatives, leveraging renewable feedstocks to create SAF and other eco-friendly fuels, supporting the aviation industry's push for reduced carbon emissions.

Sustainable Aviation Fuel Market Companies

Major players operating in the sustainable aviation fuel industry are:

Aemetis, Inc.
Alder Fuels LLC
BP Plc
Fulcrum BioEnergy, Inc.
GEVO
LanzaJet, Inc.
NESTE
Northwest Advanced Bio-Fuels, LLC
OMV Aktiengesellschaft
Preem AB
Prometheus
Red Rock Biofuels
SAF + Consortium
Sasol Topsoe JV
SG Preston
Shell Aviation
SkyNRG
TotalEnergies
Velocys
WasteFuel
World Energy Houston LLC

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for sustainable aviation fuel was valued at USD 1.7 billion in 2024 and is projected to reach USD 74.6 billion by 2034, driven by a CAGR of 46.2% from 2025 to 2034.

Biofuel accounted for a 73.7% market share in 2024 and is expected to maintain its dominance, driven by its significant carbon emission reduction capabilities.

The North America market is expected to exceed USD 28 billion by 2034, driven by regulatory support and technological advancements in SAF production.

Major players in the industry include Aemetis, Inc., Alder Fuels LLC, BP Plc, Fulcrum BioEnergy, Inc., GEVO, LanzaJet, Inc., NESTE, Northwest Advanced Bio-Fuels, LLC, OMV Aktiengesellschaft, Preem AB, Prometheus, and Red Rock Biofuels.