In Delaware, Future Market Insights reported that the sustainable aviation fuel market is anticipated to expand at a CAGR of 60% between 2023 and 2033. The market is expected to reach revenues of $ 61.92 billion by 2033 while it is projected to be valued at $ 563.2 million in 2023. “The slowly decreasing availability of fossil fuels and increasing air pollution with rising air traffic propels the market growth as governments try to reduce carbon waste. Furthermore, the advanced sources of sustainable aviation fuel like waste and scrap are making it highly favorable,” the report said. “The North American region is one of the crucial spaces for a sustainable aviation fuel market as it has many airports with a high density of international and national flights. Lately, the Biden administration has advanced the prospects of sustainable fuels in American aviation with a target of reducing aviation emissions by 20% by 2030,” it added.
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