In California, Coherent Market Insights reported that the global sustainable aviation fuel market is projected to grow from $460.1 million in 2022 to $20.79 billion by 2030.
The report noted that the global SAF market will expand at a CAGR of 61.2% from 2023 to 2030.
“The global sustainable aviation fuel market is growing at a rapid pace and this can be attributed to the increasing passenger traffic and growing number of aircraft orders. Moreover, growing government support for development of alternative jet fuels due to rising environmental concerns are also expected to propel market growth,” the report stated.
The report also highlighted that North America is expected to hold a dominant position over the forecast period, owing to the increasing air traffic and growing funding in military sector.
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