In Washington, Acumen Research and Consulting reported that the global sustainable aviation fuel market is forecast to reach a valuation of $27.4 billion by 2032, expanding from the current $430 million in 2022.
The report said that the global SAF market will expand at a CAGR of 52.20% over the forecast period of 2023-2032.
North America represented the leading share of over $180.80 million in 2022, driven by supportive regulations in the region, the research firm said.
“The global sustainable aviation fuel market outlook remains positive, buoyed by regulatory measures to reduce aviation emissions and increasing industry investments in decarbonization. SAF offers significant lifecycle carbon reductions compared to conventional jet fuel. However, high costs and limited production capacities presently constrain wider adoption,” the report said.
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