Juan Pedro Tomas Biofuels Digest
Global SAF market to reach value of $41.6 billion by 2032, research finds
May 7, 2024
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  • In Colorado, DataHorizzon Research reported that the global sustainable aviation fuel market size was valued at $1.3 billion in 2023 and is anticipated to reach $ 41.6 billion by 2032. The research report stated that the global SAF market is expected to expand at a CAGR of 46.9% during the 2023-2032 period. “Overall, the growing demand for sustainable aviation fuel is driven by regulatory mandates, consumer awareness, and industry initiatives to reduce air travel’s environmental footprint. As governments, airlines, and stakeholders prioritize sustainability, the market for SAF is expected to witness continued growth, offering a promising solution to the challenges of aviation emissions,” the report stated.