Bio-based Sustainable Aviation Fuel (SAF) Market Expected to Achieve 25.7% CAGR from 2024 to 2030
The global Bio-based Sustainable Aviation Fuel (SAF) market is projected to grow from $1.26 billion in 2023 to $13.84 billion by 2030, with a 25.7% CAGR. Key players include Neste, World Energy, and TotalEnergies, dominating over 53% of the market. Europe leads with a 68% share. HEFA (Hydroprocessed Esters and Fatty Acids) is the dominant product type, accounting for 94% of the market, and commercial aircraft applications also make up 94% of the market’s usage.
LOS ANGELES, United States: The global Bio-based Sustainable Aviation Fuel (SAF) market is expected to grow at a significant pace, reports QY Research. Its latest research report, titled “Global Bio-based Sustainable Aviation Fuel (SAF) Market Research Report 2024”. offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For a brief overview of the global Bio-based Sustainable Aviation Fuel (SAF) market, the research report provides an executive summary. It explains the various factors that form an important element of the market. It includes the definition and the scope of the market with a detailed explanation of the market drivers, opportunities, restraints, and threats.
The global Bio-based Sustainable Aviation Fuel (SAF) market was valued at US$ 1262 million in 2023 and is anticipated to reach US$ 13840 million by 2030, witnessing a CAGR of 25.7% during the forecast period 2024-2030.
Key Players Mentioned in the Global Bio-based Sustainable Aviation Fuel (SAF) Market Research Report: Neste, World Energy, TotalEnergies, Honeywell, SkyNRG, LanzaJet, Swedish Biofuels AB, Eni, Virent
The key players of Bio-based Sustainable Aviation Fuel (SAF) include Neste, World Energy and TotalEnergies, etc. The top three players hold a share over 53%. Europe is the largest market, with a share about 68%. In terms of product type, HEFA is the largest segment, occupied for a share of about 94%. And in terms of application, Commercial Aircraft has a share about 94 percent.
Players can use the report to gain sound understanding of the growth trend of important segments of the global Bio-based Sustainable Aviation Fuel (SAF) market. The report offers separate analysis of product type and application segments of the global Bio-based Sustainable Aviation Fuel (SAF) market. Each segment is studied in great detail to provide a clear and thorough analysis of its market growth, future growth potential, growth rate, growth drivers, and other key factors. The segmental analysis offered in the report will help players to discover rewarding growth pockets of the global Bio-based Sustainable Aviation Fuel (SAF) market and gain a competitive advantage over their opponents.
Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Bio-based Sustainable Aviation Fuel (SAF) market considered for research. The report also offers detailed analysis of country-level Bio-based Sustainable Aviation Fuel (SAF) markets.
Source Link : https://www.openpr.com/news/3701436/bio-based-sustainable-aviation-fuel-saf-market-expected
