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Sustainable Aviation Fuel Market Share

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

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Sustainable Aviation Fuel Market Share

Neste and Shell PLC hold a significant market share in the sustainable aviation fuel market. Neste emphasizes the use of renewable feedstocks, such as waste and residues, for the production of sustainable aviation fuel. This strategy aligns with environmental goals and contributes to the circular economy.

Shell PLC adopts an integrated energy company approach, focusing on a diverse energy portfolio that includes sustainable aviation fuel. This strategy positions Shell to meet the evolving energy needs of the aviation sector.

Sustainable Aviation Fuel Market Companies

Major players operating in the sustainable aviation fuel industry are:

Aemetis, Inc.
Alder Fuels
Fulcrum BioEnergy Inc.
Gevo Inc.
LanzaJet
Neste
Northwest Advanced Bio-Fuels, LLC
Preem AB
Red Rock Biofuels
Shell PLC
SkyNRG BV
World Energy

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Market size for sustainable aviation fuel was USD 952.6 million in 2023 and is expected to register over 45% CAGR from 2024-2032 due to the escalating corporate sustainability initiatives worldwide.

The bio-fuel segment held over 80% share of the sustainable aviation fuel industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to the imperative to reduce carbon emissions and mitigate environmental impacts.

North America held 45% share of the sustainable aviation fuel industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the governments and regulatory bodies actively promoting sustainable practices and offering incentives in the region.

Aemetis, Inc., Alder Fuels, Fulcrum BioEnergy Inc., Gevo Inc., LanzaJet, Neste, Northwest Advanced Bio-Fuels, LLC, Preem AB, Red Rock Biofuels, Shell PLC, SkyNRG BV, and World Energy are some of the major sustainable aviation fuel companies worldwide.