In California, Prophecy Market Insights reported that the global sustainable aviation fuel market is projected to reach $1.1 billion in 2024. The report stated that the global SAF market is also forecasted to reach $3 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 11.6% during the forecast period (2024 – 2034). “Prominent North American airlines have committed in large amounts to integrating SAF into their operations. Airlines that have partnered with SAF producers and invested in SAF projects include United Airlines, American Airlines, and Delta Air Lines. These promises promote market expansion and increase demand for SAF,” the research firm said. It added that there is growing investment in SAF infrastructure within the Asia Pacific region, including the development of SAF production facilities and refueling infrastructure at major airports.
More on the story.
