In New York, Technavio reported that the global sustainable aviation fuel market is estimated to grow by %1.98 billion from 2022 to 2027, growing at a CAGR of 59.08%. The report noted that the biofuel segment is estimated to witness significant growth during the forecast period. “Regulatory bodies have been placing a greater emphasis on grading aircraft based on carbon emissions and pollution to reduce emissions caused by the aviation industry. As a result, aircraft and aircraft component manufacturers are becoming increasingly focused on reducing aircraft emissions, which is expected to lead to growth in the SAF market, the report stated. “North America is estimated to account for 39% of the global market growth during the forecast period. The aviation industry in North America is highly developed and the demand for new aircraft is constantly increasing, which has led to significant investments in manufacturing more efficient aircraft systems. This is expected to have a significant impact on the sustainable aviation fuel market in the region, especially in the United States,” the report added.
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