Sustainable Aviation Fuel Market Size

Sustainable Aviation Fuel Market size was valued at USD 1.87 billion in 2024 and is likely to exceed USD 173.92 billion by the end of 2037, registering over 46.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of sustainable aviation fuel is evaluated at USD 2.56 billion.

The growth of the market can be attributed to the increased traffic in airlines. With increasing air passenger traffic, the need for reducing carbon emission has become crucial which in turn has increased the adoption of sustainable aviation fuel (SAF). In 1960, there were 100 million air passengers and by 2019, the overall yearly global passenger count had reached 4.56 billion. Moreover, according to the International Air Transport Association statistics of the Asia-Pacific airlines increased full-year foreign traffic by around 363.3% in 2022 compared to 2021, keeping the highest year-over-year growth among the regions. The capacity increased by 129.9%

In addition to these, factors that are believed to fuel the market growth of sustainable aviation fuel include the rising pollution caused by the aviation industry. Despite substantial improvements in aircraft and flight operations efficiency over the last 60 years. However, passenger air travel was responsible for the largest and fastest growth in individual emissions. According to the International Council on Clean Transportation (ICCT), commercial aviation produced 707 million tons of CO2 globally in 2013. Moreover, in 2019, that value has risen by nearly 30% in six years to 920 million tons. In addition to this, in a round-trip flight from London to San Francisco around 6 tons of CO2 equivalent (CO2e) per passenger is generated, which is more than twice the emissions produced by a family car in a year and roughly half of the average carbon footprint of a British citizen. Even a return flight from London to Berlin generates about 0.6 tonnes CO2e, which is three times the amount of CO2e saved by recycling for a year.