In India, Orion Market Research reported that the global SAF market is expected to expand at a CAGR of 48.5% during the 2023-2029 period.
“The growing demand for greener and cleaner fuels along with cohesive government policies has driven the growth of the global sustainable aviation fuel market. SAF is a biofuel used to power aircraft that has similar properties to conventional jet fuel with a smaller carbon footprint,” the report stated.
“The high costs of SAF restrain the growth of the global SAF market. Nevertheless, increasing demand from emerging regions like southeast Asia is anticipated to create lucrative opportunities for the global SAF market during the forecast period,” it added.
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