In Delaware, Allied Market Research reported that the global sustainable aviation fuel market was valued at $72.10 million in 2020, and is projected to reach $6.26 billion by 2030. The research noted that the global SAF market will grow at a CAGR of 56.4% from 2021 to 2030. “North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global sustainable aviation fuel market share in 2020. Mexico is expected to grow at a significant rate during the forecast period, owing to increase in demand for sustainable aviation fuel across the country,” the report stated. “Factors such as rise in number of airline passengers, coupled with increased disposable income, increase in air transportation, and increase in consumption of synthetic lubricants supplement growth of the global sustainable aviation fuel market. However, fluctuations in crude oil prices and contamination of lubricants are the factors that are expected to hamper growth of the market during the forecast period,” the report added.
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