B&S - Sustainable Aviation Fuel Market - Forecast To 2030

Sustainable Aviation Fuel Market - Forecast to 2030

SUSTAINABLE AVIATION
FUEL MARKET
FORECAST TO 2030
R E P O R T B R O C H U R E W I T H S A M P L E PAG E S
REPORT CODE: AS 7756

sales@marketsandmarkets.com www.marketsandmarkets.com 1
INTRODUCTION
1.1 OBJECTIVES OF THE STUDY

To analyze the sustainable aviation fuel market and provide forecast from 2021 to 2030
To define, describe, and forecast the size of the market based on fuel type, biofuel blending capacity, biofuel
manufacturing technology, and platform, along with a regional analysis
To understand the market structure by identifying its various subsegments
To provide in-depth market intelligence regarding the dynamics (drivers, restraints, opportunities, and challenges) and
major factors that influence the growth of the market
To analyze opportunities in the market for stakeholders by identifying key trends
To forecast the size of various segments of the market with respect to major regions (North America, Asia Pacific,
Europe, the Middle East, and Latin America)
To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the
sustainable aviation fuel market
To provide a detailed competitive landscape of the market, along with an analysis of the business and corporate
strategies adopted by key market players
To analyze competitive developments of key players in the market, suchas contracts, acquisitions, partnerships,
expansions, and new product developments
To strategically profile key market players and comprehensively analyze their core competencies
1.2 MARKET DEFINITION

Sustainable aviation fuels are alternative fuels developed with sustainable processes that can reduce the carbon footprint
of the aviation industry caused by conventional fossil fuels. These fuels are drop-in fuels that can be used in existing aircraft
engines and fuel systems without making any changes. SAF is produced from sustainable feedstocks like municipal
wastes, waste oils, industrial exhaust gases, biomass residues, etc. Depending on feedstocks used, production methods,
and supply chain utilized, SAF reduces up to 80% of carbon emissions compared to conventional fossil fuels currently
being used. SAF is currently approved to be used with a 50% blend in aircraft by the American Society for Testing and
Materials International (ASTMI) D7566.
This research study focuses on the organized sustainable aviation fuel markets in North America, Europe, Asia Pacific,
Latin America, and the Middle East; it also covers the major spending countries in these regions. The market sizing
includes sales of SAF provided by various players operating in this market.
INTRODUCTION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
SUSTAINABLE AVIATION FUEL MARKET
BY FUEL TYPE BY BIOFUEL BLENDING CAPACITY
 Biofuel  Below 30%

 Hydrogen fuel  30% to 50%
 Power-to-Liquid  Above 50%
 Gas -to-Liquid
BY BIOFUEL MANUFACTURING TECHNOLOGY BY PLATFORM
 Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)  Commercial Aviation

 Hydroprocessed Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-  Military Aviation
SPK)  Business & General Aviation
 Synthetic Iso-Paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)  Unmanned Aerial Vehicles
 Alcohol To Jet (ATJ-SPK)
 Catalytic hydrothermolysis Jet (CHJ)
Source: Expert Interviews, Secondary Research, and MarketsandMarkets Analysis
1.3.2 YEARS CONSIDERED FOR THE STUDY
2018-2019 2020 2021-e 2021-2030
HISTORICAL YEAR BASE YEAR ESTIMATED YEAR PROJECTED YEAR
INTRODUCTION
1.4 CURRENCY & PRICING

The pricing of sustainable aviation fuels considered for market size estimation in this study was measured at the supplier
level to calculate average selling prices. The currency used in the report is the United States Dollar (USD), with the market
size indicated in USD Million/billion. Its value is assumed to remain constant over the next five years. The base year
considered for currency conversion is 2020.
Company revenues were referred from their annual reports.
Average annual currency conversion rates were used for companies that reported their revenue in currencies other
than USD
1.5 LIMITATIONS
PARAMETER LIMITATION
Some companies in the Sustainable aviation fuel market are privately owned and as such, their
REVENUES OF
revenues were not available in the public domain. Hence, market revenues of those companies were
MARKET PLAYERS
not included in this report.
PRIMARY Limited positive responses were received from primaries in the Middle East and Latin America. Some
INTERVIEWS primaries were reluctant to share quantitative information and sales volume data.
GOVERNMENT There was lack of well-established government databases for the SAF market. The availability of the
DATABASES same could have offered highly concrete information about the current scenario of this market.
SALES/ORDER
Sales/order volumes for all companies were not available.
VOLUMES
1.6 MARKET STAKEHOLDERS

Raw Material Suppliers
Technology Support Providers
Distributors
Government Agencies
Investors and Financial Community Professionals
Research Organizations
INTRODUCTION
1.7 SUMMARY OF CHANGES

New and improved representation of segmentation: Changes have been made in the subsegments of the application
segment. For instance, Gas-to-liquid have been added in the Fuel type segment
Market overview: The study includes a supply chain analysis, case study analysis, market ecosystem, regulatory
landscape, Porter’s Five Forces analysis, technology analysis, patent analysis, and YC shift specific to the sustainable
aviation fuel market for commercial, military, business & Jet aviation, and UAV. The study also includes the impact of
COVID-19 on the sustainable aviation fuel market for military & aerospace.
Company profiles: The new version profiles 25 players, whereas, in the older version, only 12 players were profiled.
New and improved representation of financial information: This edition of the report provides updated financial
information for each company.
Recent market developments: Recent developments are helpful to understand market trends and the growth strategies
adopted by players. In this market, recent developments have been updated from 2018 to 2021.
Latest product portfolio: Tracking product portfolios helps in the better analysis of market segmentation. The new
version of the report provides an updated product portfolio of the companies profiled.
Competitive landscape: In the latest report version, the competitive leadership mapping has been updated. The new
version also consists of the ranking and market share analysis of key players for 2021.
The competitive evaluation quadrant has been updated in this edition of the report. It covers a comprehensive study of
key vendors offering sustainable aviation fuel for the military & commercial, business & jet aviation and UAV. Vendors are
placed under four categories, namely, star, emerging leader, emerging company, and pervasive. The top 25 companies
operating in the market have been evaluated in this section.
RESEARCH METHODOLOGY
2.1 RESEARCH DATA

This research study involved the use of extensive secondary sources, including directories; databases; journals on
aviation fuel, sustainable aviation fuel, renewable jet fuel, hydrogen fuel, aircraft engine, and other related equipment
markets; company newsletters; and information portals suchas D&B Hoovers, Bloomberg, and Factiva, to identify and
collect information useful for this extensive, technical, market-oriented, and commercial study of the sustainable aviation
fuel market. Primary sources are several industry experts from core and related industries, OEMs, vendors, suppliers,
technology developers, alliances, and organizations. These sources are related to all the segments of the value chain of
this industry. In-depth interviews were conducted with various primary respondents, including key industry participants,
subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain
and verify critical qualitative and quantitative informationas wellas assess prospects of the sustainable aviation fuel market.
The following FIGURE shows the market research design applied to prepare this report on the sustainable aviation fuel
market.
Figure 1 RESEARCH DESIGN
SUSTAINABLE AVIATION MARKET EVOLUTION INDUSTRY TRENDS MARKET RANK

FUEL MARKET
INFORMATION COMPANY
AND DATA MARKET SIZE COMPETITIVE LANDSCAPE
DEVELOPMENTS
DRIVERS: RESTRAINTS: OPPORTUNITIES:

 Increasing need for  Inadequate availability of  Rising demand for SAF by
reduction in GHG feedstock and refineries to airlines across the globe
emissions. meet SAF production  Drop-in capability of SAF
 Increasing air passenger demand. increases its demand to
INFLUENCING
traffic  Price difference between reduce carbon footprint
FACTORS SAF and conventional jet
(Market Trends  High fuel efficiency of SAF  Government initiatives
fuels such as tax reduction on
and Dynamics)
aviation fuel
CHALLENGES:
 Increased cost of SAF increases operating cost of airlines.
 Inconsistency in techno-economic analysis (TEA) and
lifecycle analysis (LCA). AGREEMENTS,
 Huge investments required in approval and certification of COLLABORATIONS,
SAF. PARTNERSHIPS, AND NEW
PRODUCT LAUNCHES
 Large quantity of SAF must be produced to increase fuel
blends
MARKET SIZE & FORECAST:

MARKET SIZE & RANK
ANALYSIS  By Fuel Type
ARRIVE AT MARKET SIZE,
 By Biofuel Manufacturing
FORECAST SHARE, AND CAGR FOR
Technology
(2020-2030) SUSTAINABLE AVIATION
 By Biofuel Blending Capacity FUEL MARKET
HIGH GROWTH
 By Platform
SEGMENTS
 By Region
Source: Government Publications and MarketsandMarkets Analysis
2.1.1 SECONDARY DATA

The market size for sustainable aviation fuel was derived through secondary data available through paid and unpaid
sources. It was also estimated by analyzing the application areas of sustainable aviation fuel in different aircraft types and
their overall consumption in the market.
In the secondary research process, various secondary sources were referred to identify and collect information for this
study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers
and certified publications; articles from recognized authors; manufacturers associations; directories; and databases.
Secondary research was mainly used to obtain key information about the industry’s supply chain, market’s monetary chain,
total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level,
regional markets, and key developments from both market- and technology-oriented perspectives. Some other sources
include International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), International Energy
Agency (IEA), International Renewable Energy Agency (IRENA), Nordic Energy Research, European Union Aviation Safety
Agency (EASA), Boeing Commercial Outlook, Federal Aviation Administration (FAA), and General Aviation Manufacturers
Association, among others.
Secondary research was used to obtain key information about the industry’s value chain and supply chain to identify key
players by various products, services, market classifications, and segmentation according to offerings of major players
and industry trends related to technology, application, vertical, and region, and key developments from both market and
technology-oriented perspectives.
2.1.1.1 SECONDARY SOURCES

PARAMETER SOURCE
 Company Financials
 Magazines
MARKET SIZE  Journals
(Value)  Press Releases
 Paid Databases
 MarketsandMarkets Data Repository
 Annual Reports
 Company Websites
REVENUE OF COMPANIES
 Public Databases
 Company Websites
QUALITATIVE INFORMATION  Annual Reports
(Market Dynamics, Market Trends)  Press Releases
2.1.2 PRIMARY DATA

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain
qualitative and quantitative information on the market. The primary sources from the supply side included various industry
experts suchas CXOs, VPs, directors, regional managers, business and product development teams, distributors, and
vendors and related key executives from sustainable aviation fuel stakeholders suchas Shell, SkyNRG, Gevo, Harambe-
Renewable Energy Group, and CLS Energy Consultancy Limited, service providers; professional and managed service
providers; industry associations (IATA, EASA, IRENA, etc.); independent security consultants and importers; distributors;
and key opinion leaders.
Extensive primary interviews were conducted to obtain qualitative and quantitative information suchas market statistics,
average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary
research also helped in understanding the various trends related to platform, system application, technology, and region.
Stakeholders from the demand side include aviation fuel suppliers & distributors, airlines, airport operators, aircraft and
engine manufacturers, and regulating authorities & agencies. Interviews were conducted to understand the adoption of
sustainable aviation fuel by various airlines and airports to support the carbon footprint reduction initiatives. In addition,
the impact of COVID-19 was also discussed with respect to air travel restrictions, increase in grounded fleet, slowdown in
transportation of non-essential goods due to border closure, and decline in air passenger traffic, which led to a decline in
consumption of aviation fuel globally and delayed adoption and commercialization of sustainable aviation fuel.
2.1.2.1 PRIMARY SOURCES

TYPE PARAMETER KEY DATA
 By Fuel Type, By Biofuel Manufacturing Technology,

SEGMENTATION  Segments breakdown
By Biofuel Blending Capacity, By Platform, By Region
 Global market size

GLOBAL for 2021  Sustainable Aviation Fuel Market
MARKET SIZE  CAGR for the forecast period  Sustainable Aviation Fuel, by Subsegment
(2021-2030)
 US and Canada
 North America
 Germany, France, Finland, UK, Denmark, Rest of Europe
 Europe
REGIONAL  China, India, South Korea, Japan, Singapore, Australia, and
 Asia Pacific
SPLIT Rest of Asia Pacific
 Middle East
 UAE, Bahrain, Qatar
 Latin America
 Brazil, Mexico
 Biofuel, Hydrogen Fuel, Power-to-Liquid, Gas to Liquid

 Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK),
Hydroprocessed Esters Fatty Acids- Synthetic Paraffinic
 By Fuel Type Kerosene (HEFA-SPK), Synthetic Iso-Paraffin from
 By Biofuel Manufacturing Fermented Hydroprocessed Sugar (HFS-SIP), Alcohol to jet
MARKET SPLIT Technology Synthetic Paraffinic Kerosene (ATJ-SPK), and Catalytic
 By Biofuel Blending Capacity Hydrothermolysis Jet (CHJ)
 By Platform  Below 30%, 30% to 50%, and Above 50%
 Commercial Aviation, Business & General Aviation, Military
Aviation, Unmanned Aerial Vehicle
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION

After arriving at the overall market size through the market size estimation process explained above, the total market was
split into several segments and subsegments. Data triangulation procedure explained below were implemented, wherever
applicable, to complete the overall market engineering process and arrive at the exact statistics for market segments and
subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Along with this, the market size was validated using both top-down and bottom-up approaches.
The following FIGURE indicates the data triangulation procedure implemented in the market engineering process used to
develop this report.
Figure 2 DATA TRIANGULATION METHODOLOGY
PRIMARY SOURCES SECONDARY SOURCES
INTERVIEWS WITH:
 Chief Information Officers  International Civil Aviation
DEMAND SIDE
 Sustainable Aviation Fuel Organization (ICAO)

Technology Experts  International Air Transport
 Airlines and Airport Association (IATA)
Operators  International Energy Agency (IEA)
 Purchase Managers  International Renewable Energy
Agency (IRENA)
MnM KNOW*
 Nordic Energy Research
 European Union Aviation Safety
INTERVIEWS WITH: Agency (EASA)
DATA  General Aviation Manufacturers
 CEOs & Vice Presidents PRIMARY TRIANGULATION Association
 Marketing Directors SOURCES  Department of Defense
SUPPLY SIDE
 Technology & Innovation

Directors and Related Key SECONDARY
SOURCES
Executives from Various
Organizations operating in  Annual Reports, Presentations,
the Sustainable Aviation Websites Portals, Press Releases,
Fuel Market News Articles, Journals, and Paid
 Sales Executives of Databases
Feedstock Producers INFORMATION SOURCED
Opportunities/ Market Size and Market

Key Players Competitive Landscape
Challenges Share (2019)
Geographical
Influencing Factors Market Estimates
Analysis
FACTORS AFFECTING THE GROWTH OF THE MARKET
Increasing initiatives to
Technological Developments Increase in adoption rate R&D and Investments
reduce carbon emissions
Rise in efficiency of
Approvals for increase in blend capacity Rising air passenger traffic
aircraft and engine
MnM KNOW* stands for MarketsandMarkets’ 'Knowledge Asset Management' framework. In this context, it stands for existing market research
knowledge repository of over 5,000 granular markets, our flagship competitive intelligence and market research platform “Knowledge Store", subject
matter experts, and independent consultants. MnM KNOW acts as an independent source that helps us validate information gathered from primary
and secondary sources.
The FIGURE above demonstrates the core data triangulation procedure used in this report for every market, submarket, and
subsegment. The percentage split of various market segments, including fuel type, manufacturing technology, blending
capacity, platform, and region, was used to determine the global market size of the sustainable aviation fuel market.
2.3 ASSUMPTIONS
Technology and blending capacity segments are considered only for biofuel. Blending capacity for hydrogen fuel is in
different dynamics (mainly fuel cells gas type and hydrogen combustion liquid), which is still under feasibility study for
the aviation sector.
As per statistics from the International Civil Aviation Organization (ICAO), 4.3% of annual growth in air passenger traffic
is assumed from 2015 to 2035 and 3.9% of annual growth in global freight traffic is assumed from 2015 to 2035.
The market estimation assumes that the regions studied will remain economically stable. It does not factor any significant
dip or upturn in economic growth of regions/countries.
Year-on-year growth (Y-o-Y) is considered for market sizing.
Adoption rate by various airlines and airports is considered for market sizing.
PARAMETER ASSUMPTION
According to our primary respondents, the impact of COVID-19 is expected to be short to medium
COVID-19 IMPACT term; hence, we have assumed that the COVID-19 pandemic would prevail only till Q4 2021. Also, the
COVID-19 might impact the adoption rate of sustainable aviation fuel negatively
Average selling price (ASP), wherever applied, was calculated using suitable statistical and
AVERAGE SELLING mathematical methods, considering external qualitative factors that affect the prices. All calculations
PRICE (ASP) AND across tables were performed considering the finalized ASPs. Inflation is not part of the pricing, as the
INFLATION aggregate inflation effect of all currencies will nullify the inflation effect of each currency in the long
run.
The market rank analysis in the competitive landscape is based on the analysis of experts at
MARKET RANK MarketsandMarkets, calculations from financials (segment revenues), product portfolios, and other
ANALYSIS qualitative information available publicly and shared through primary research interviews with key
players.
QUALITATIVE The qualitative analysis carried out from the quantitative data acquired is primarily based on the
ANALYSIS understanding of the market and its trends by a team of experts involved in making this report.
GLOBAL ECONOMIC The global economy has a direct impact on any market in the aerospace & defense industry. It is
DOWNTURNS assumed that there won't be any economic collapses.
1 INTRODUCTION (PAGE NO. 26) 3 EXECUTIVE SUMMARY (PAGE NO. 44)

1.1 Objectives of the Study
4 PREMIUM INSIGHTS (PAGE NO. 47)
1.2 Market Definition
4.1 Attractive Opportunities in Sustainable Aviation Fuel Market
1.3 Market Scope
4.2 Sustainable Aviation Fuel Market, By Region
1.3.1 Markets Covered
4.3 Asia Pacific Sustainable Aviation Fuel Market, By Country
1.3.2 Regional Scope
4.4 Sustainable Aviation Fuel Market, By Biofuel Manufacturing
1.3.3 Years Considered for the Study
Technology
1.4 Currency & Pricing
4.5 Sustainable Aviation Fuel Market, By Region
1.5 Limitations
1.6 Market Stakeholders 5 MARKET OVERVIEW (PAGE NO. 50)
1.7 Summary of Changes 5.1 Introduction
2 RESEARCH METHODOLOGY (PAGE NO. 31) 5.2 Market Dynamics

5.2.1 Drivers
2.1 Research Data
5.2.1.1 Increasing Need for Reduction in
2.1.1 Research Flow Ghg Emissions
2.1.2 Secondary Data 5.2.1.2 Increasing Air Passenger Traffic
2.1.2.1 Secondary Sources 5.2.1.3 High Fuel Efficiency of Saf
2.1.3 Primary Data 5.2.2 Restraints
2.1.3.1 Primary Sources 5.2.2.1 Inadequate Availability of Feedstockand
2.1.3.2 Breakdown of Primary Interviews Refineries to Meet Saf Production
Demand
2.2 Demand-and Supply-Side Indicator Analysis
5.2.2.2 Price Difference Between Safand
2.2.1 Demand-Side Indicators
Conventional Jet Fuels
2.2.1.1 Adoption Rate of Saf by Airlinesand
Airports Due to Stringent Regulations 5.2.3 Opportunities
2.2.1.2 Increase in Air Traffic Across the Globe 5.2.3.1 Rising Demand for Saf By Airlines Across
the Globe
2.2.1.3 Development of Technological
Pathwaysand High Blending Capacity 5.2.3.2 Drop-In Capability of Saf Increases its
Approvals Demand to Reduce Carbon Footprint
5.2.3.3 Government Initiatives Suchas Tax
2.2.2 COVID-19 Impact on Sustainable Aviation
Reduction on Aviation Fuel
Fuel Market
5.2.4 Challenges
2.3 Market-Size Estimation
5.2.4.1 Increased Cost of Saf Increases Operating
2.3.1 Bottom-Up Approach Cost of Airlines
2.3.2 Top-Down Approach 5.2.4.2 Inconsistency in Techno-Economic
2.4 Market Breakdownand Data Triangulation Analysis (Tea)and Lifecycle Analysis
(LCA)
2.5 Growth Rate Assumptions
5.2.4.3 Huge Investments Required in
2.5.1 Insights from Industry Experts Approvaland Certification of Saf
2.6 Assumptions 5.2.4.4 Large Quantity of Saf Must be Produced
2.7 Risks to Increase Fuel Blends
5.3 Rangesand Scenarios 5.12.3 Bargaining Power of Suppliers
5.4 Impact of COVID-19 on Sustainable Aviation Fuel Market 5.12.4 Bargaining Power of Buyers
5.4.1 Demand-Side Impact 5.12.5 Degree of Competition
5.4.1.1 Key Developments from January 5.13 Volume Data
2020 to December 2021
5.4.2 Supply-Side Impact 6 INDUSTRY TRENDS (PAGE NO. 79)
5.4.2.1 Key Developments from January 6.1 Introduction
2020 to December 2021
6.2 Organizations Involved in Sustainable Aviation Fuel
5.5 Trends/Disruptions Impacting Customer’s Business Programs
5.5.1 Revenue Shiftand New Revenue Pockets for 6.2.1 Sustainable Aviation Fuel Users Group
Sustainable Aviation Fuel Market
6.2.2 Initiatives By International Air Transport
5.6 Tariffand Regulatory Landscape Association Members
5.7 Average Selling Price Trend 6.2.3 Commercial Aviation Alternative Fuels Initiative
5.8 Value Chain Analysis 6.2.4 Nordic & Nisa Initiatives for Sustainable Aviation
5.8.1 Feedstock Producersand Traders 6.2.5 Air Transport Action Group
5.8.2 Saf Technology Providers 6.2.6 International Civil Aviation Organization
5.8.3 Saf Producers 6.2.7 International Renewable Energy Agency
5.8.4 Oemsand Regulation Authorities 6.3 Technology Trends
5.8.5 Saf Distributors 6.3.1 Hydrothermal Liquefaction
5.8.6 Airportsand Airlines 6.3.2 Pyrolysis
5.9 Sustainable Aviation Fuel Market Ecosystem 6.4 Supply Chain Analysis
5.9.1 Prominent Companies 6.4.1 Major Companies
5.9.2 Privateand Small Enterprises 6.4.2 Smalland Medium Enterprises
5.9.3 End Users 6.4.3 End Users
5.10 Technology Analysis 6.5 Emerging Industry Trends
5.10.1 Improved Engine Technologiesand Aircraft Design 6.5.1 Alcohol-To-Jet (ATJ)
5.10.2 New Composite Lightweight Materials 6.5.2 Hycogen
5.10.3 Hybrid Electric Propulsion 6.5.3 Fischer-Tropsch (FT)
5.10.4 Electro Fuels 6.6 Supply Chain Analysis
5.11 Use Case Analysis 6.7 Impact of Megatrends
5.11.1 Offtake Agreements 6.8 Innovation & Patent Registration
5.11.2 Sunfire E-Crude to Produce E-Fuel
5.11.3 Chemical Plant By Ineratec Gmbh for Power-
7 SUSTAINABLE AVIATION FUEL MARKET,
To Liquid Technology
BY FUEL TYPE (PAGE NO. 87)
5.11.4 Green Propellant Infusion 7.1 Introduction
5.12 Porter’s Five Forces Analysis 7.2 Biofuel
5.12.1 Threat of New Entrants 7.2.1 Drop-In Capability With No Changes in
5.12.2 Threat of Substitutes Infrastructure of Aircraft to Drive Demand
7.3 Hydrogen Fuel 9.4 Above 50%
7.3.1 Advantage of Being True Zero-Carbon Solution to 9.4.1 R&D in Technological Pathways to Drive Demand
Drive Demand
10 SUSTAINABLE AVIATION FUEL MARKET,
7.4 Power-To-Liquid
BY PLATFORM (PAGE NO. 103)
7.4.1 Benefits Like Very Low Lifecycle Emissions to Drive
Future Demand 10.1 Introduction
7.5 Gas-To-Liquid 10.2 Impact of COVID-19 on Platforms of Sustainable Aviation

Fuel Market
7.5.1 Technological Advancements to Drive Future
Demand 10.2.1 Most Impacted Platform Segment
10.2.1.1 Commercial Aviation
8 SUSTAINABLE AVIATION FUEL MARKET, 10.2.1.2 Business & General Aviation
BY BIOFUEL MANUFACTURING TECHNOLOGY 10.2.2 Least Impacted Platform Segment
(PAGE NO. 93)
10.2.2.1 Military Aviation
8.1 Introduction 10.3 Commercial Aviation
8.2 Fischer Tropsch - Synthetic Paraffinic Kerosene (FT-SPK) 10.3.1 Growing Concerns Over Reduction of Carbon
8.2.1 Adoption on Commercial Scale for Production of Saf Footprint in Aviation Sector Is Driving the Segment
to Drive Demand 10.4 Narrow-Body Aircraft (NBA)
8.3 Hydroprocessed Estersand Fatty Acids - Synthetic Paraffinic 10.4.1 High Efficiency in Short-Haul Travel to Drive the
Kerosene (HEFA-SPK) Segment
8.3.1 High Emission Reduction Potential to Drive Demand 10.5 Wide-Body Aircraft (WBA)
8.4 Synthetic Iso-Paraffin from Fermented Hydroprocessed Sugar 10.5.1 Increasing Focus of Airlines on Long-Haul Routes to
(HFS-SIP) Drive the Segment
8.4.1 R&D Initiatives to Increase Blend Capacity to Drive 10.6 Very Large Aircraft (VLA)
Demand
10.6.1 Initiatives By Airlines to Drive the Segment
8.5 Alcohol-To-Jet Spk (ATJ-SPK)
10.7 Regional Transport Aircraft (RTA)
8.5.1 High Blend Capacity to Drive Demand
10.7.1 Rising Domestic Air Passenger Traffic in Emerging
8.6 Catalytic Hydrothermolysis Jet (CHJ) Economies to Drive the Segment
8.6.1 Requirement of Large Volumes of Alternative Jet 10.8 Military Aviation
Fuel to Drive Demand
10.8.1 Fighter Jets
9 SUSTAINABLE AVIATION FUEL MARKET, 10.8.1.1 Growing Procurement of Fighter Jets Due
to Increasing Military Budgets to Drive
BY BIOFUEL BLENDING CAPACITY (PAGE NO. 98)
the Segment
9.1 Introduction 10.8.2 Transport Aircraft
9.2 Below 30% 10.8.2.1 Increasing Use of Transport Aircraft in
9.2.1 Need to Decrease Dependency on Petroleum Fuels Military Operations to Drive the Segment
to Drive Demand 10.8.3 Military Helicopters
9.3 3% to 50% 10.8.3.1 Increasing Use of Helicopters in
Combatand Search & Rescue Operations
9.3.1 Need for Reduction of Carbon Footprint in Aviation
to Drive the Segment
Sector to Drive Demand
10.9 Business & General Aviation 11.3.4 UK
10.9.1 Business Jets 11.3.4.1 Presence of Saf Manufacturers to Drive
10.9.1.1 Rising Number of Private Aviation the Market
Companies Across the Globe to Drive the 11.3.5 France
Segment 11.3.5.1 Initiatives on Low Carbon Strategy from
10.9.2 Commercial Helicopters Global Leaders to Drive the Market
10.9.2.1 Increasing Demand for Helicopters in 11.3.6 Denmark
Corporateand Civil Applications to Drive 11.3.6.1 Stringent Standards for Reduction in
the Segment Carbon Emissions to Drive the Market
10.9.3 Ultralight & Light Aircraft 11.3.7 Finland
10.9.3.1 Several Ongoing Projects to Develop 11.3.7.1 Long-Term Initiatives to Advance
Hydrogen Fuel Cell Aircraft to Drive the Technologiesand Produce E-Fuels to
Segment Drive the Market
10.10 Unmanned Aerial Vehicle (UAV) 11.3.8 Rest of Europe
10.10.1 Commercial Unmanned Aerial Vehicle 11.4 Asia Pacific
10.10.1.1 Several Ongoing Projects to Develop
11.4.1 Asia Pacific COVID-19 Restrictions
Hydrogen Fuel Cell Aircraft to Drive the
Segment 11.4.2 Pestle Analysis: Asia Pacific
10.10.2 Military Unmanned Aerial Vehicle 11.4.3 India

10.10.2.1 Increasing Use in Defense Applications 11.4.3.1 Need to Combat Climate Change Due to
to Drive the Segment Rising Air Passenger Traffic to Drive the
Market
11 REGIONAL ANALYSIS (PAGE NO. 113) 11.4.4 Australia
11.4.4.1 Initiatives for Developmentand
11.1 Introduction
Introduction of Commercial Supply
11.2 North America Chains of Saf to Drive the Market
11.2.1 COVID-19 Restrictions in North America 11.4.5 South Korea
11.2.2 Pestle Analysis: North America 11.4.5.1 Initiatives for Low Carbon Strategy to
11.2.3 US Drive the Market
11.2.3.1 Growing Concerns Over Carbon 11.4.6 Japan
Emissions Due to Increasing Air Traffic to 11.4.6.1 Investments in Using Blended Bio-
Drive the Market Basedand Conventional Jet Fuel to Drive
11.2.4 Canada the Market
11.2.4.1 Innovations Focused on Lowering 11.4.7 China
Carbon Footprint to Drive Market 11.4.7.1 Collaborations Between Chinese Airlines,
11.3 Europe Airframe Manufacturers,and Biofuel
Producers to Drive the Market
11.3.1 COVID-19 Restrictions in Europe
11.4.8 Singapore
11.3.2 Pestle Analysis: Europe
11.4.8.1 Presence of Oil & Gas Multinationals to
11.3.3 Germany
Drive the Market
11.3.3.1 Advancements in Technological Pathways
11.4.9 Rest of APAC
to Drive the Market
11.5 Middle East 12.6 Company Product Footprint Analysis
11.5.1 Middle East: COVID-19 Impact 12.7 Competitive Scenario
11.5.2 Pestle Analysis: Middle East 12.7.1 Product Launches
11.5.3 Uae 12.7.2 Deals
11.5.3.1 New Initiatives on Sustainability to Drive
the Market 13 COMPANY PROFILES (PAGE NO. 192)
11.5.4 Bahrain 13.1 Introduction
11.5.4.1 Growing Concerns Over Climate Change 13.2 Key Players
to Drive the Market . (Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengthsand
Right to Win, Strategic Choices Made, Weaknessesand Competitive Threats, Recent
Developments)*
11.5.5 Qatar
11.5.5.1 Collaborations Between Airlines, Aircraft 13.2.1 NESTE
& Engine Manufacturers, Oil & Gas 13.2.2 FULCRUM BIOENERGY
Industry,and Research Institutes to Drive
13.2.3 LANZATECH
the Market
13.2.4 WORLD ENERGY
11.6 Latin America
13.2.5 TOTALENERGIES
11.6.1 Latin America: COVID-19 Impact
13.2.6 GEVO
11.6.2 Pestle Analysis: Latin America
13.2.7 SG PRESTON
11.6.3 Brazil
11.6.3.1 Ghg Reduction Initiatives to Drive the 13.2.8 VELOCYS
Market 13.2.9 NORTHWEST ADVANCED BIOFUELS
11.6.4 Mexico 13.2.10 SKYNRG
11.6.4.1 Aviation Biofuel Initiatives By the 13.2.11 RED ROCK BIOFUELS
Government to Drive the Market
13.2.12 AEMETIS
12 COMPETITIVE LANDSCAPE (PAGE NO. 178) 13.2.13 PROMETHEUS FUELS

13.2.14 WASTEFUEL
12.1 Introduction
13.2.15 ALDER FUELS
12.2 Market Share Analysis, 2020
13.2.16 SAF+ CONSORTIUM
12.3 Revenue Analysis of Top 5 Market Players, 2021
13.2.17 PREEM
12.4 Company Leadership Mapping
13.2.18 OMV
12.4.1 Stars
13.2.19 BP
12.4.2 Emerging Leaders
13.3 Other Players
12.4.3 Pervasives
13.3.1 ATMOSFAIR
12.4.4 Participants
13.3.2 PHILLIPS 66
12.5 Startups/Sme Matrix
13.3.3 SUNDROP FUELS
12.5.1 Progressive Companies
13.3.4 HYPOINT INC.
12.5.2 Responsive Companies
13.3.5 ZEROAVIA
12.5.3 Dynamic Companies *Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengthsand
Right to Win, Strategic Choices Made, Weaknessesand Competitive Threats, Recent
12.5.4 Starting Blocks Developments Might Not be Captured in Case of Unlisted Companies.
14 APPENDIX (PAGE NO. 239)

TABLES INCLUDED - 240 | FIGURES INCLUDED - 43
14.1 Discussion Guide
(For complete list of tables and figures, pl see Appendix
14.2 Knowledge Store: MarketsandMarkets’ Subscription Portal
of this Report Brochure)
14.3 Available Customizations
READ MORE
14.4 Related Reports
14.5 Author Details
APPENDIX
APPENDIX
SAMPLE PAGES
SUSTAINABLE AVIATION FUEL MARKET - FORECAST TO 2030
1 EXECUTIVE SUMMARY
Sustainable aviation fuel (SAF) is defined as an alternative jet fuel produced from biological and non-
biological resources. It comprises various approved pathways for production and complete acceptance of
fuels in the aviation industry. Sustainable aviation fuel aims at reduction in CO2 emissions across its
lifecycle and provides economic and social benefits to airlines. The capability of sustainable aviation fuel to
work as drop-in replacements for conventional jet fuel that meet current jet fuel specifications either on its
own or when blended with conventional jet fuel makes it one of the most significant factors for the
adoption and feasibility for airports and airlines. This compatibility of sustainable aviation fuel with existing
aircraft and infrastructure adds value to it over other solutions such as turboelectric propulsion and
improvement in gas turbine engines for reduction in CO2 emissions.
The increasing demand and obligations of the aviation industry to reduce GHG emissions will eventually be
a major factor for the growth of the sustainable aviation fuel market. The sustainable aviation fuel market
is projected to grow from USD XX million in 2021 to USD XX million by 2030, at a CAGR of XX%.
Apart from a general overview of major companies in this market, this report provides financial analyses
and information about products, technologies, and solutions, as well as recent developments in terms of
contracts & agreements, collaborations & partnerships, and acquisitions of major players in the industry,
Neste (Finland), Gevo (US), Fulcrum BioEnergy (US), World Energy (US), and Velocys (UK) are some of the
leading players covered in this report. The report also provides a competitive leadership mapping in the
sustainable aviation fuel market.
COVID-19 has taken a colossal toll on the world’s economic activity, with individuals, organizations,
governments, and businesses having to adapt to the challenges of the crisis. Air travel restrictions across
various regions for both domestic and international flights have led to inactive fleets across the globe. Like
many other sectors, the sustainable aviation fuel market is also impacted by the COVID-19 pandemic. The
pandemic created a negative impact on the adoption of sustainable aviation fuel due to increase in the
grounded fleets and financial losses incurred by various stakeholders such as airlines, airport operators,
aircraft, and engine manufacturers. While airlines and other corporations fight to survive and save jobs,
investments in fuel-efficient aircraft and carbon offsets move much further down the list of priorities,
especially as the price of oil has plunged. The investments required for the transition of aviation to a bio-
fueled industry are unlikely to materialize until commercial aviation recovers, and conventional jet fuel
prices increase.
19
JANUARY 2022 © MarketsandMarkets™
FIGURE 1 BIOFUEL SEGMENT PROJECTED TO LEAD THE MARKET DURING FORECAST

PERIOD
XX 2021
2030
XX
Market Size (USD Million)
XX
XX
XX
Biofuel Hydrogen Fuel Power-to-Liquid Gas-to-Liquid
Source: Government Publications, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Based on fuel type, the biofuel segment is expected to lead the sustainable aviation fuel market in 2021
with a share of XX%. The production of biofuel is expected to scale up rapidly in the coming decade due to
developments in technological pathways to commercialize the use of alternative jet fuel.
FIGURE 2 FT-SPK SEGMENT PROJECTED TO LEAD THE DURING FORECAST PERIOD

XX 2021
2030
XX
XX
XX
XX
XX
FT-SPK HEFA-SPK HFS-SIP ATJ-SPK CHJ
Based on biofuel manufacturing technology, the Fischer Tropsch - Synthetic Paraffinic Kerosene (FT-SPK)
segment is expected to lead the market during the forecast period. This larger share can be attributed to
the high quality of fuel, along with the high blending capacity obtained through this technological pathway.
Also, the amount of reduction in CO2 emissions is higher than other technologies associated with the
production of sustainable aviation fuel. The demand for advancements in technological pathways to
reduce the cost imperative of sustainable aviation fuel is one of the major R&D programs adopted by
various aviation companies across the globe.
20
FIGURE 3 30% TO 50% SEGMENT EXPECTED TO HAVE HIGHEST CAGR DURING FORECAST
PERIOD
XX 2021
2030
XX
XX
XX
XX
30% to 50% Below 30% Above 50%
Based on biofuel blending capacity, the 30% to 50% segment is expected to have the highest CAGR of XX%
during the forecast period. The high blending capacity, along with drop-in facility in existing fuel systems,
supply logistics infrastructure, and aircraft fleet, allows to minimize the overall cost and cater to the volume
demands of commercial and military aviation.
FIGURE 4 MILITARY AVIATION EXPECTED TO HAVE SECOND HIGHEST CAGR DURING

FORECAST PERIOD
XX 2021
2030
XX
XX
XX
XX
XX
XX
Commercial Aviation Business & General Military Aviation Unmanned Aerial Vehicle
Aviation
Based on platform, the military aviation segment is expected to have a CAGR of XX% during the forecast
period. The defense sectors of the US, India, and the Netherlands, among others, are focused on inclusion
of biofuel, thereby driving the sustainable aviation fuel market.
21
2 PREMIUM INSIGHTS
2.1 ATTRACTIVE OPPORTUNITIES IN SUSTAINABLE AVIATION FUEL

MARKET
FIGURE 5 DEMAND FOR CO2 AND GHG EMISSION REDUCTION WILL DRIVE THE MARKET
219 USD Million

2021-e 15,716 USD Million
2030-p
CAGR of The sustainable aviation fuel market is projected to reach

USD 15,716 million by 2030, at a CAGR of 60.8% during the
60.8% forecast period
North America is expected The growth of this market can
to have largest share of the Contracts, agreements, and
be attributed to the capability product launches would offer
sustainable aviation fuel of SAF to work as drop-in
market during the forecast lucrative opportunities for
replacements for conventional market players in the next five
period. Technological jet fuels
advancements and years
government regulations to By platform, the commercial Increasing need for reduction in
reduce carbon footprint of aviation segment is projected to GHG emissions from the
the aviation sector to drive reach USD 10,315 million by aviation industry to drive the
the market for sustainable 2030, at a CAGR of 57.4% sustainable aviation fuel market
aviation fuel in the region. during the forecast period
Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis
22
3 MARKET OVERVIEW
3.1 INTRODUCTION
Sustainable Aviation Fuel (SAF) is derived from various biological and non-biological resources that are
sustainable to nature and meet criteria such as lifecycle carbon emissions reduction, sustainable air travel
for passengers, social & economic benefits to the airlines, and aviation industry’s GHG emission reduction
strategy. SAF is being produced and used in commercial flights every day. The increasing demand and
obligations for the aviation industry to reduce GHG emissions will eventually be a major factor for the
growth of the sustainable aviation fuel market.
According to the International Air Transport Association (IATA) fact sheet, the current volume of SAF
produced is less than XX% of total jet fuel demand. However, these volumes can be increased with
coordinated support, including effective policy frameworks. According to the IATA factsheet, around XX
billion liters of SAF are in forward purchase agreements. A huge value chain of SAF benefits different
stakeholders of the aviation industry such as technology providers, fuel producers, fuel suppliers, fixed
based operators, airlines, airports, etc., thus leading to the growth of the sustainable aviation fuel market,
as fuel is one of the significant cost factors for these stakeholders.
The increase in stringent regulations is leading airlines and airports to adopt more sustainable options
such as the use of alternative jet fuels. The drop-in fuel feature is one of the most significant aspects of
SAF and thus, requires no change in the current fleet of aircraft, which helps airlines implement blended
fuels conveniently in various types of commercial aircraft.
23
3.2 MARKET DYNAMICS

The SAF market exhibits a lucrative growth potential in the forecast period primarily driven by increasing
demand for reducing emissions. Some drivers, restraints, opportunities, and challenges of the market are
explained below.
FIGURE 6 SUSTAINABLE AVIATION FUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES
▪ Increasing need for reduction in GHG emissions

▪ Increasing air passenger traffic
▪ High fuel efficiency of SAF
DRIVERS
▪ Inadequate availability of feedstock and refineries to meet SAF production demand

▪ Price difference between SAF and conventional jet fuel
RESTRAINTS
▪ Rising demand for SAF by airlines across the globe

▪ Drop-in capability of SAF increases its demand to reduce carbon footprint
▪ Government initiatives such as tax reduction on aviation fuel
OPPORTUNITIES
▪ Increased cost of SAF increases operating cost of airlines

▪ Inconsistency in techno-economic analysis (TEA) and lifecycle analysis (LCA)
▪ Huge investments required in approval and certification of SAF
CHALLENGES ▪ Large quantity of SAF must be produced to increase fuel blends
Source: Expert Interviews and MarketsandMarkets Analysis
24
4 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE
KEY FINDINGS
◼ The biofuel segment is projected to grow from USD XX million in 2021 to USD XX million by
2030, at a CAGR of XX%
◼ The hydrogen fuel segment is projected to grow from USD XX million in 2021 to USD XX million
by 2030, at a CAGR of XX%
◼ The production of biojet fuel is expected to scale up rapidly in the coming decade due to
developments in technological pathways to commercialize the use of alternative jet fuels
◼ Hydrogen fuel cells could potentially offer a true zero-emission solution
◼ Full Power-to-Liquid system integration is recently progressing due to demonstration plants in
locations such as Iceland, Finland, and Germany
25
4.1 INTRODUCTION
Based on fuel type, the sustainable aviation fuel market is segmented into biofuel, hydrogen fuel, power to
liquid fuel, and gas to liquid fuel. These fuel types are some of the promising new alternative solutions to
meet the ambitious long-term targets such as a promise of net-zero growth after 2020 and a reduction of
emissions to half of 2005 levels by 2050.
Sustainable aviation fuel is expected to play a crucial role alongside various alternative solutions such as
improved engine technologies and aircraft design, new composite lightweight material, and electric
propulsion in decarbonizing aviation. However, sustainable aviation fuel is considered to be one of the
most viable solutions in the near term due to limitations of infrastructure changes and non-compatibility
with the existing fleet for other alternative solutions. Thus, the industry should capitalize on sustainable
aviation fuel being available before electric and hydrogen technologies to contribute to sustainability
targets.
TABLE 1 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2018-2020 (USD MILLION)
CAGR
Fuel Type 2018 2019 2020
(2018–2020)
Biofuel XX XX XX XX%
Hydrogen Fuel XX XX XX XX%
To ta l XX XX XX XX %
Note: It is expected that Power-to-liquid & Gas-to-liquid fuel will not be used during the period 2018-2020. Hence, the market size for
these two fuel types is not included for 2018, 2019, and 2020
TABLE 2 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2021-2030 (USD MILLION)
CAGR
Fuel Type 2021 2022 2023 2024 2025 2030
(2021–2030)
Biofuel XX XX XX XX XX XX XX%
Hydrogen Fuel XX XX XX XX XX XX XX%
Power-to-Liquid XX XX XX XX XX XX XX%
Gas-to-Liquid XX XX XX XX XX XX XX%
To ta l XX XX XX XX XX XX XX %
TABLE 3 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2018-2020 (MILLION LITERS)
CAGR
Fuel Type 2018 2019 2020
(2018–2020)
26
5 REGIONAL ANALYSIS
5.1 NORTH AMERICA

The North American market has been studied for the US and Canada. North America is considered to have
the largest aircraft fleet with a large number of passengers per year, leading to an increase in aircraft
emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic
and air passengers, the US and Canada are focused on various initiatives to utilize sustainable aviation
fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market
is deemed to be one of the strong demand centers for sustainable aviation fuel. Switching to more energy-
dense biofuel to reach the goal of decarbonizing the aviation sector is expected to play a significant role in
reducing GHG concentration across the region.
The number of sustainable aviation fuel initiatives existing in the US and Canada are as follows:
◼ Commercial Aviation Alternative Fuel Initiative (CAAFI) is a coalition of airlines, aircraft and
engine manufacturers, energy producers, researchers, international participants, and the US
government agencies, which aims to enhance energy security and environmental sustainability
for aviation through SAF.
◼ Midwest Aviation Sustainable Biofuels Initiative (MASBI) aims to define a roadmap for the
development of advanced sustainable biofuels in the US Midwest. The MASBI Steering Group
comprises United Airlines, Boeing, the Chicago Department for Aviation, Clean Energy Trust, and
Honeywell UOP. In addition, over 30 other stakeholders are also participants.
◼ Canada’s Biojet Supply Chain Initiative is already paving the way with a holistic approach that
contributes to R&D, financing, knowledge transfer, certification process, and enabling policy
development for sustainable aviation fuel. The project studied the feasibility of integrating SAF
sourced from used cooking oil into the co-mingled hydrant system of an airport, along with
developing operational best practices, which can be implemented in Canadian airports to
efficiently integrate SAF in blend levels for carbon-neutral growth.
5.1.1 COVID-19 RESTRICTIONS IN NORTH AMERICA

The North American aviation industry includes crude-oil, mineral-based oil, synthetic fluids, and other raw
material producers; sustainable aviation fuel producers; aircraft and engine manufacturing companies;
aftermarket service providers; airlines, airport managing companies, and companies involved in the
management of airports and aircraft. The factors fueling the growth of the market before the COVID-19
pandemic included the demand for low-cost petroleum products to cater to the increased aircraft fleet.
However, the outbreak of COVID-19 led to a discouraging growth rate in the sector.
The COVID-19 crisis has had a profound impact on every aspect of life in the US, and the aviation industry
is no exception. Almost all segments of the North American aviation industry experienced a decline in
revenue generation during the outbreak. The slowdown in physical operations at production units impacted
both upstream and downstream business units of various companies. To tide over COVID-19 and industry
slowdown, North American oil & gas pipeline companies are reducing CapEX of upcoming projects.
Additionally, these operators have also been deferring financial investment decisions (FIDs) and are laying
off their workforce to keep operations going. According to an article published by Bloomberg in March
2020, aviation companies such as airlines and cargo carriers were seeking around USD XX billion in loans
and grants, along with additional tax changes, to recover from the COVID-19 pandemic.
27
FIGURE 7 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT
NORTH AMERICA
USD XX Million Canada XX%

XX% Market size of region
Fastest growing
Share of region in
CAGR (2021-2030) country-level market
in 2021 global market
in region
BY BIOFUEL MANUFACTURING TECHNOLOGY ,

BY PLATFORM, 2021 (USD MILLION)
2021 (USD MILLION)
Commercial Aviation XX HEFA-SPK XX
FT-SPK XX
Business & General Aviation XX
ATJ-SPK XX
Military Aviation XX
CHJ XX
Unmanned Aerial Vehicle XX
HFS-SIP XX
BY COUNTRY, 2021 (USD MILLION) DRIVING FACTORS FOR GROWTH IN NORTH AMERICA
CAGR ▪ The region’s existing framework of fuel policies

COUNTRY MARKET SIZE
(2021-2030) support renewable aviation fuel production
US XX XX%
Canada XX XX%
Source: Expert Interviews, Secondary Research, and MarketsandMarkets Analysis
TABLE 4 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2018-2020 (USD MILLION)
CAGR
Country 2018 2019 2020
(2018–2020)
US XX XX XX XX%
Canada XX XX XX XX%
Source: Secondary research, Expert Interviews, and MarketsandMarkets Analysis
28
TABLE 5 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

CAGR
Country 2021 2022 2023 2024 2025 2030
(2021–2030)
US XX XX XX XX XX XX XX%
Canada XX XX XX XX XX XX XX%
TABLE 6 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

CAGR
Fuel Type 2018 2019 2020
(2018–2020)
TABLE 7 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

CAGR
Fuel Type 2021 2022 2023 2024 2025 2030
(2021–2030)
Biofuel XX XX XX XX XX XX XX%
Hydrogen Fuel XX XX XX XX XX XX XX%
Power to Liquid XX XX XX XX XX XX XX%
Gas to Liquid XX XX XX XX XX XX XX%
29
6 COMPETITIVE LANDSCAPE
6.1 COMPANY LEADERSHIP MAPPING

FIGURE 8 SUSTAINABLE AVIATION FUEL MARKET (GLOBAL) COMPANY EVALUATION
MATRIX.
EMERGING COMPANY STAR
XX Neste
XX
SG Preston
XX
XX
XX
XX
XX XX XX
XX
XX XX
XX
MARKET SHARE/ RANK
PARTICIPANT PERVASIVE
PRODUCT FOOTPRINT
30
7 COMPANY PROFILES
7.1 KEY PLAYERS
7.1.1 NESTE
7.1.1.1 Business overview
Neste is an oil refining company based in Finland. Neste focuses on creating sustainable solutions for the
transport, aviation, chemicals, and polymers sectors. Neste’s business is divided into four segments
renewable products, oil products, marketing and services, and others. The renewable products segment
comprises renewable road transportation, renewable aviation, and renewable polymers and chemicals,
which produces products like renewable diesel, SAF, and renewable raw materials for manufacturing
plastics and chemicals. The renewable product segment has an annual capacity of XX million tons. The oil
products segment comprises renewable oils that can be used in chemical and lubrication applications. The
crude oil refining capacity of Neste is XX million tons annually. The marketing and services segment
comprises sustainable solutions for customers where Neste seeks to develop a wide range of services as
part of its offerings.
TABLE 8 NESTE: BUSINESS OVERVIEW
Year Founded 2005
Country Finland
City Southern Finland
Ownership Public (XHEL: NESTE)
Source: Company Website
31
FIGURE 9 NESTE: COMPANY SNAPSHOT
RECENT FINANCIALS
20.0 0.3% 0.4% 0.4%

0.3%
15.0 0.3%
USD Billion
R&D (%)
10.0 0.2%
5.0 0.1%
17.6 17.7 13.3
0.0 0.0%
2018 2019 2020
Revenue R&D Expenditure (%)
BUSINESS REVENUE MIX GEOGRAPHIC REVENUE MIX
Finland
Oil Products
1% 16% 2% US
21%
Marketing & Services 32% Baltic Rim
55% Other European

Renewable Products Countries
22% 31%
11% Other Nordic Countries
8%
Others Other Countries
Source: Company Website and Annual Reports
32
APPENDIX
APPENDIX
APPENDIX
APPENDIX
LIST OF TABLES
TABLE 1 USD Exchange Rates TABLE 40 North America: Sustainable Aviation Fuel Market, By Platform,
TABLE 2 Primary Interviewees Details 2018-2020 (USD Million)
TABLE 3 Airports Having Sustainable Aviation Fuel Blendingand Supply Facility TABLE 41 North America: Sustainable Aviation Fuel Market, By Platform,
2021-2030 (USD Million)
TABLE 4 Key Developments in the Sustainable Aviation Fuel Market 2020-2021
TABLE 42 US: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 5 Key Developments in the Sustainable Aviation Fuel Market 2020-2021
TABLE 6 Policiesand Measures for Introduction of Sustainable Aviation Fuel
TABLE 43 US: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 7 Average Selling Price: Aviation Fuel 2021-2030 (USD Million)
TABLE 8 Sustainable Aviation Fuel Market Ecosystem TABLE 44 US: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 9 Sustainable Aviation Fuel Market: Porter’s Five Forces Analysis 2018-2020 (USD Million)
TABLE 10 Sustainable Aviation Fuel Offtake Agreements Per Fuel Producer (2015-2021). TABLE 45 US: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 11 Sustainable Aviation Fuel Offtake Agreements Per Fuel Purchaser (2015-2021) 2021-2030 (USD Million)
TABLE 12 Sustainable Aviation Fuel Market, By Fuel Type, 2018-2020 (USD Million) TABLE 46 Canada: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 13 Sustainable Aviation Fuel Market, By Fuel Type, 2021-2030 (USD Million) 2018-2020 (USD Million)
TABLE 14 Sustainable Aviation Fuel Market, By Fuel Type, 2018-2020 (Million Liters) TABLE 47 Canada: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 15 Sustainable Aviation Fuel Market, By Fuel Type, 2021-2030 (Million Liters)
TABLE 48 Canada: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 16 Current Hydrogen-Powered Aircraft Developments
TABLE 17 Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology,
TABLE 49 Canada: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 50 Europe: Sustainable Aviation Fuel Market, By Country,
TABLE 51 Europe: Sustainable Aviation Fuel Market, By Country,
2018-2020 (Million Liters)
TABLE 52 Europe: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 21 Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 53 Europe: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 54 Europe: Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology,
TABLE 55 Europe: Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology,
TABLE 56 Europe: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 25 Boeing Military Aircraft Deliveries, 2019 Vs. 2020
TABLE 57 Europe: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 26 Sustainable Aviation Fuel Market, By Platform, 2018-2020 (USD Million) 2021-2030 (USD Million)
TABLE 27 Sustainable Aviation Fuel Market, By Platform, 2021-2030 (USD Million) TABLE 58 Europe: Sustainable Aviation Fuel Market, By Platform,
TABLE 28 Sustainable Aviation Fuel Market, By Platform, 2018-2020 (Million Liters) 2018-2020 (USD Million)
TABLE 29 Sustainable Aviation Fuel Market, By Platform, 2021-2030 (Million Liters) TABLE 59 Europe: Sustainable Aviation Fuel Market, By Platform,
TABLE 30 Sustainable Aviation Fuel Market, By Region, 2018-2020 (USD Million) 2021-2030 (USD Million)
TABLE 31 Sustainable Aviation Fuel Market, By Region, 2021-2030 (USD Million) TABLE 60 Germany: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 32 North America: Sustainable Aviation Fuel Market, By Country, 2018-2020 (USD Million)
2018-2020 (USD Million) TABLE 61 Germany: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 33 North America: Sustainable Aviation Fuel Market, By Country, 2021-2030 (USD Million)
2021-2030 (USD Million) TABLE 62 Germany: Sustainable Aviation Fuel Market,
TABLE 34 North America: Sustainable Aviation Fuel Market, By Fuel Type, By Biofuel Blending Capacity, 2018-2020 (USD Million)
2018-2020 (USD Million) TABLE 63 Germany: Sustainable Aviation Fuel Market,
TABLE 35 North America: Sustainable Aviation Fuel Market, By Fuel Type, By Biofuel Blending Capacity, 2021-2030 (USD Million)
2021-2030 (USD Million) TABLE 64 UK: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 36 North America: Sustainable Aviation Fuel Market, By Biofuel Manufacturing 2018-2020 (USD Million)
Technology, 2018-2020 (USD Million) TABLE 65 UK: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 37 North America: Sustainable Aviation Fuel Market, By Biofuel Manufacturing 2021-2030 (USD Million)
Technology, 2021-2030 (USD Million) TABLE 66 UK: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 38 North America: Sustainable Aviation Fuel Market, 2018-2020 (USD Million)
By Biofuel Blending Capacity, 2018-2020 (USD Million) TABLE 67 UK: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 39 North America: Sustainable Aviation Fuel Market, 2021-2030 (USD Million)
By Biofuel Blending Capacity, 2021-2030 (USD Million)
APPENDIX
LIST OF TABLES
TABLE 68 France: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 96 India: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
2018-2020 (USD Million) 2018-2020 (USD Million)
TABLE 69 France: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 97 India: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 70 France: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, TABLE 98 Australia: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 71 France: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, TABLE 99 Australia: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 72 Denmark: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 100 Australia: Sustainable Aviation Fuel Market,
2018-2020 (USD Million) By Biofuel Blending Capacity, 2018-2020 (USD Million)
TABLE 73 Denmark: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 101 Australia: Sustainable Aviation Fuel Market,
TABLE 74 Denmark: Sustainable Aviation Fuel Market, TABLE 102 South Korea: Sustainable Aviation Fuel Market, By Fuel Type,
By Biofuel Blending Capacity, 2018-2020 (USD Million) 2018-2020 (USD Million)
TABLE 75 Denmark: Sustainable Aviation Fuel Market, TABLE 103 South Korea: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 76 Finland: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 104 South Korea: Sustainable Aviation Fuel Market,
TABLE 77 Finland: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 105 South Korea: Sustainable Aviation Fuel Market,
TABLE 78 Finland: Sustainable Aviation Fuel Market, TABLE 106 Japan: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 79 Finland: Sustainable Aviation Fuel Market, TABLE 107 Japan: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 80 Rest of Europe: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 108 Japan: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 81 Rest of Europe: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 109 Japan: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 82 Rest of Europe: Sustainable Aviation Fuel Market, TABLE 110 China: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 83 Rest of Europe: Sustainable Aviation Fuel Market, TABLE 111 China: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 84 Asia Pacific: Sustainable Aviation Fuel Market, By Country, TABLE 112 China: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 85 Asia Pacific: Sustainable Aviation Fuel Market, By Country, TABLE 113 China: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 86 Asia Pacific: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 114 Singapore: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 87 Asia Pacific: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 115 Singapore: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 88 Asia Pacific: Sustainable Aviation Fuel Market, By Biofuel Manufactruing TABLE 116 Singapore: Sustainable Aviation Fuel Market,
Technology, 2018-2020 (USD Million) By Biofuel Blending Capacity, 2018-2020 (USD Million)
TABLE 89 Asia Pacific: Sustainable Aviation Fuel Market, By Biofuel Manufacturing TABLE 117 Singapore: Sustainable Aviation Fuel Market,
Technology, 2021-2030 (USD Million) By Biofuel Blending Capacity, 2021-2030 (USD Million)
TABLE 90 Asia Pacific: Sustainable Aviation Fuel Market, TABLE 118 Rest of Apac: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 91 Asia Pacific: Sustainable Aviation Fuel Market, TABLE 119 Rest of Apac: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 92 Asia Pacific: Sustainable Aviation Fuel Market, By Platform, TABLE 120 Rest of Apac: Sustainable Aviation Fuel Market,
TABLE 93 Asia Pacific: Sustainable Aviation Fuel Market, By Platform, TABLE 121 Rest of Apac: Sustainable Aviation Fuel Market,
TABLE 94 India: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 122 Middle East: Sustainable Aviation Fuel Market, By Country,
TABLE 95 India: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 123 Middle East: Sustainable Aviation Fuel Market, By Country,
APPENDIX
LIST OF TABLES
TABLE 124 Middle East: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 152 Latin America: Sustainable Aviation Fuel Market, By Platform,
TABLE 125 Middle East: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 153 Latin America: Sustainable Aviation Fuel Market, By Platform,
TABLE 126 Middle East: Sustainable Aviation Fuel Market, By Biofuel Manufacturing TABLE 154 Brazil: Sustainable Aviation Fuel Market, By Fuel Type,
Technology, 2018-2020 (USD Million) 2018-2020 (USD Million)
TABLE 127 Middle East: Sustainable Aviation Fuel Market, By Biofuel Manufacturing TABLE 155 Brazil: Sustainable Aviation Fuel Market, By Fuel Type,
Technology, 2021-2030 (USD Million) 2021-2030 (USD Million)
TABLE 128 Middle East: Sustainable Aviation Fuel Market, TABLE 156 Brazil: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 129 Middle East: Sustainable Aviation Fuel Market, TABLE 157 Brazil: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 130 Middle East: Sustainable Aviation Fuel Market, By Platform, TABLE 158 Mexico: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 131 Middle East: Sustainable Aviation Fuel Market, By Platform, TABLE 159 Mexico: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 132 UAE: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 160 Mexico: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 133 UAE: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 161 Mexico: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 134 UAE: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, TABLE 162 Key Developments of Leading Players in Sustainable Aviation Fuel Market
2018-2020 (USD Million Between 2018and 2021
TABLE 135 UAE: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, TABLE 163 Degree of Competition
2021-2030 (USD Million) TABLE 164 Company Footprint
TABLE 136 Bahrain: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 165 Company Application Footprint
TABLE 166 Company Region Footprint
TABLE 137 Bahrain: Sustainable Aviation Fuel Market, By Fuel Type,
TABLE 167 Product Launches
TABLE 168 Deals
TABLE 138 Bahrain: Sustainable Aviation Fuel Market, By Biofuel Blending,
2018-2020 (USD Million) TABLE 169 NESTE: Business Overview
TABLE 139 Bahrain: Sustainable Aviation Fuel Market, TABLE 170 NESTE: Products/Solutions/Services Offered
By Biofuel Blending Capacity, 2021-2030 (USD Million) TABLE 171 NESTE: Product Developments
TABLE 140 Qatar: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 172 NESTE: Deals
2018-2020 (USD Million) TABLE 173 FULCRUM BIOENERGY: Business Overview
TABLE 141 Qatar: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 174 FULCRUM BIOENERGY: Products/Solutions/Services Offered
2021-2030 (USD Million) TABLE 175 FULCRUM BIOENERGY: Product Developments
TABLE 142 Qatar: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity, TABLE 176 FULCRUM BIOENERGY: Deals
TABLE 177 LANZATECH: Business Overviews
TABLE 143 Qatar: Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
TABLE 178 LANZATECH: Products/Solutions/Services Offered
TABLE 179 LANZATECH: Deals
TABLE 144 Latin America: Sustainable Aviation Fuel Market, By Country,
2018-2020 (USD Million) TABLE 180 LANZATECH: Deals
TABLE 145 Latin America: Sustainable Aviation Fuel Market, By Country, TABLE 181 WORLD ENERGY: Business Overview
2021-2030 (USD Million) TABLE 182 WORLD ENERGY: Products/Solutions/Services Offered
TABLE 146 Latin America: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 183 WORLD ENERGY: Product Developments
2018-2020 (USD Million) TABLE 184 WORLD ENERGY: Deals
TABLE 147 Latin America: Sustainable Aviation Fuel Market, By Fuel Type, TABLE 185 TOTALENERGIES: Business Overview
2021-2030 (USD Million) TABLE 186 TOTAL ENERGIES: Products/Solutions/Services Offered
TABLE 148 Latin America: Sustainable Aviation Fuel Market, By Biofuel Manufactruing TABLE 187 TOTAL ENERGY: Product Developments
Technology, 2018-2020 (USD Million)
TABLE 188 TOTAL ENERGY: Deal
TABLE 149 Latin America: Sustainable Aviation Fuel Market, By Biofuel Manufacturing
TABLE 189 GEVO: Business Overview
Technology, 2021-2030 (USD Million)
TABLE 190 GEVO: Products/Solutions/Services Offered
TABLE 150 Latin America: Sustainable Aviation Fuel Market,
By Biofuel Blending Capacity, 2018-2020 (USD Million) TABLE 191 GEVO: Deal
TABLE 151 Latin America: Sustainable Aviation Fuel Market, TABLE 192 SG PRESTON: Business Overview
By Biofuel Blending Capacity, 2021-2030 (USD Million) TABLE 193 SG PRESTON: Products/Solutions/Services Offered
TABLE 194 SG PRESTON: Deals
APPENDIX
LIST OF TABLES
TABLE 195 VELOCYS: Business Overview TABLE 218 ALDER FUELS: Deals
TABLE 196 VELOCYS: Products/Solutions/Services Offered TABLE 219 SAF+ CONSORTIUM: Business Overview
TABLE 197 VELOCYS: Deals TABLE 220 SAF+ CONSORTIUM: Products/Solutions/Services Offered
TABLE 198 NORTHWEST ADVANCED BIOFUELS: Business Overview TABLE 221 SAF+ CONSORTIUM: Deals
TABLE 199 NORTHWEST ADVANCED BIOFUELS: Products/Solutions/Services Offered TABLE 222 PREEM: Business Overview
TABLE 200 NORTHWEST ADVANCED BIOFUELS: Deals TABLE 223 PREEM: Products/Solutions/Services Offered
TABLE 201 SKYNRG: Business Overview TABLE 224 PREEM: Deals
TABLE 202 SKYNRG: Products/Solutions/Services Offered TABLE 225 OMV: Business Overview
TABLE 203 SKYNRG: Deals TABLE 226 OMV: Products/Solutions/Services Offered
TABLE 204 RED ROCK BIOFUELS: Business Overview TABLE 227 OMV: Deals
TABLE 205 RED ROCK BIOFUELS: Products/Solutions/Services Offered TABLE 228 BP: Business Overview
TABLE 206 RED ROCK BIOFUELS: Deals TABLE 229 BP: Products/Solutions/Services Offered
TABLE 207 AEMETIS: Business Overview TABLE 230 BP: Deals
TABLE 208 AEMETIS: Products/Solutions/Services Offered TABLE 231 ATMOSFAIR: Business Overview
TABLE 209 AEMETIS: Deals TABLE 232 ATMOSFAIR: Products/Solutions/Services Offered
TABLE 210 PROMETHEUS FUELS: Business Overview TABLE 233 PHILLIPS 66: Business Overview
TABLE 211 PROMETHEUS FUELS: Products/Solutions/Services Offered TABLE 234 PHILLIPS 66: Products/Solutions/Services Offered
TABLE 212 PROMETHEUS FUELS: Deals TABLE 235 SUNDROP FUELS: Business Overview
TABLE 213 WASTEFUEL: Business Overview TABLE 236 SUNDROP FUELS: Products/Solutions/Services Offered
TABLE 214 WASTEFUEL: Products/Solutions/Services Offered TABLE 237 HYPOINT INC.: Business Overview
TABLE 215 WASTEFUEL: Deals TABLE 238 HYPOINT INC.: Products/Solutions/Services Offered
TABLE 216 ALDER FUELS: Business Overview TABLE 239 ZEROAVIA: Business Overview
TABLE 217 ALDER FUELS: Products/Solutions/Services Offered TABLE 240 ZEROAVIA: Products/Solutions/Services Offered
APPENDIX
LIST OF FIGURES
FIGURE 24 Supply Chain Analysis
FIGURE 1 Research Design
FIGURE 25 Sustainable Aviation Fuel Market, By Fuel Type, 2021 & 2030 (USD Million)
FIGURE 2 Breakdown of Primary Interviews: By Company Type, Designation,
And Region FIGURE 26 Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology,
2021 & 2030 (USD Million)
FIGURE 3 Market Size Estimation: Bottom-Up Approach (Supply Side)
FIGURE 27 Sustainable Aviation Fuel Market, By Biofuel Blending Capacity,
FIGURE 4 Market Size Estimation: Top-Down Approach
2021 & 2030 (USD Million)
FIGURE 5 Data Triangulation Methodology
FIGURE 28 Sustainable Aviation Fuel Market, By Platform, 2021 & 2030 (USD Million)
FIGURE 6 Biofuel Segment Projected to Lead the Market During Forecast Period
FIGURE 29 North America Estimated to Account for Largest Share of
FIGURE 7 FT-SPK Segment Projected to Lead the During Forecast Period The Market in 2021
FIGURE 8 8% to 50% Segment Expected to Have Highest Cagr During Forecast Period FIGURE 30 North America: Sustainable Aviation Fuel Market Snapshot
FIGURE 9 Military Aviation Expected to Have Second Highest Cagr During Forecast Period FIGURE 31 Europe: Sustainable Aviation Fuel Market Snapshot
FIGURE 10 Demand for Co2 and Ghg Emission Reduction Will Drive the Market FIGURE 32 Asia Pacific: Sustainable Aviation Fuel Market Snapshot
FIGURE 11 North America Estimated to Account for Largest Share of Market In 2021 FIGURE 33 Middle East: Sustainable Aviation Fuel Market Snapshot
FIGURE 12 China Estimated to Account for Largest Share of Market in 2021 FIGURE 34 Latin America: Sustainable Aviation Fuel Market Snapshot
FIGURE 13 HEFA-SPK Segment to Account for Largest Share of Market in 2021 FIGURE 35 Market Share Analysis of Leading Players in Sustainable Aviation
FIGURE 14 Middle East to Register Highest Cagr During Forecast Period Fuel Market, 2021
FIGURE 15 Sustainable Aviation Fuel Market: Drivers, Restraints, Opportunities, FIGURE 36 Revenue Analysis of Leading Players in Sustainable Aviation Fuel Market, 2020
and Challenges FIGURE 37 Sustainable Aviation Fuel Market (Global) Company Evaluation Matrix.
FIGURE 16 Comparison of Climate Impact from Hydrogen Propulsionand Synfuel, 2050 FIGURE 38 Sustainable Aviation Fuel Market (SME) Competitive Leadership Mapping, 2020
FIGURE 17 Co2 Emissions, By Aircraft Typeand Range, 2018 FIGURE 39 NESTE: Company Snapshot
FIGURE 18 Impact of COVID-19 on the Market: Global Scenarios FIGURE 40 TOTALENERGIES: Company Snapshot
FIGURE 19 Impact of COVID-19 on Sustainable Aviation Fuel Market FIGURE 41 GEVO: Company Snapshot
FIGURE 20 Revenue Shift in Sustainable Aviation Fuel Market FIGURE 42 VELOCYS: Company Snapshot
FIGURE 21 Value Chain Analysis: Sustainable Aviation Fuel Market FIGURE 43 BP: Company Snapshot
FIGURE 22 Sustainable Aviation Fuel Market Ecosystem Map
FIGURE 23 Key Sustainable Aviation Fuel Market: Porter’s Five Force Analysis
RELATED REPORTS
AIRCRAFT MICRO TURBINE ENGINES AIRCRAFT ENGINES MARKET

MARKET GLOBAL FORECAST TO 2022
GLOBAL FORECAST TO 2030
April 2020 June 2017
ABOUT MARKETSANDMARKETS
TM
SUSTAINABLE AVIATION
FUEL MARKET
FORECAST TO 2030
R E P O R T B R O C H U R E W I T H S A M P L E PAG E S
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1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 MARKET SCOPE

1.3.1 MARKETS COVERED

SUSTAINABLE AVIATION FUEL MARKET

BY FUEL TYPE BY BIOFUEL BLENDING CAPACITY

 Biofuel  Below 30%

BY BIOFUEL MANUFACTURING TECHNOLOGY BY PLATFORM

 Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK)  Commercial Aviation

Source: Expert Interviews, Secondary Research, and MarketsandMarkets Analysis

1.3.2 YEARS CONSIDERED FOR THE STUDY

2018-2019 2020 2021-e 2021-2030

HISTORICAL YEAR BASE YEAR ESTIMATED YEAR PROJECTED YEAR

1.4 CURRENCY & PRICING

1.6 MARKET STAKEHOLDERS

1.7 SUMMARY OF CHANGES

2.1 RESEARCH DATA

Figure 1 RESEARCH DESIGN

SUSTAINABLE AVIATION MARKET EVOLUTION INDUSTRY TRENDS MARKET RANK

DRIVERS: RESTRAINTS: OPPORTUNITIES:

MARKET SIZE & FORECAST:

Source: Government Publications and MarketsandMarkets Analysis

2.1.1 SECONDARY DATA

2.1.1.1 SECONDARY SOURCES

2.1.2 PRIMARY DATA

2.1.2.1 PRIMARY SOURCES

 By Fuel Type, By Biofuel Manufacturing Technology,

 Global market size

 Biofuel, Hydrogen Fuel, Power-to-Liquid, Gas to Liquid

2.2 MARKET BREAKDOWN AND DATA TRIANGULATION

Figure 2 DATA TRIANGULATION METHODOLOGY

PRIMARY SOURCES SECONDARY SOURCES

 Sustainable Aviation Fuel Organization (ICAO)

 Technology & Innovation

Opportunities/ Market Size and Market

FACTORS AFFECTING THE GROWTH OF THE MARKET

1 INTRODUCTION (PAGE NO. 26) 3 EXECUTIVE SUMMARY (PAGE NO. 44)

2 RESEARCH METHODOLOGY (PAGE NO. 31) 5.2 Market Dynamics

7.5 Gas-To-Liquid 10.2 Impact of COVID-19 on Platforms of Sustainable Aviation

10.10.2 Military Unmanned Aerial Vehicle 11.4.3 India

12 COMPETITIVE LANDSCAPE (PAGE NO. 178) 13.2.13 PROMETHEUS FUELS

14 APPENDIX (PAGE NO. 239)

FIGURE 1 BIOFUEL SEGMENT PROJECTED TO LEAD THE MARKET DURING FORECAST

FIGURE 2 FT-SPK SEGMENT PROJECTED TO LEAD THE DURING FORECAST PERIOD

FIGURE 4 MILITARY AVIATION EXPECTED TO HAVE SECOND HIGHEST CAGR DURING

2.1 ATTRACTIVE OPPORTUNITIES IN SUSTAINABLE AVIATION FUEL

219 USD Million

CAGR of The sustainable aviation fuel market is projected to reach

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

3.2 MARKET DYNAMICS

FIGURE 6 SUSTAINABLE AVIATION FUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

▪ Increasing need for reduction in GHG emissions

▪ Inadequate availability of feedstock and refineries to meet SAF production demand

▪ Rising demand for SAF by airlines across the globe

▪ Increased cost of SAF increases operating cost of airlines