In Illinois, The Research Insights reported that the global sustainable aviation fuel market size is projected to be valued at $658.18 million in 2023 and reach $15.85 billion by 2030. The market is forecast to expand at a CAGR of 57.5% during the period. “North America maintained its dominance by securing more than 44% of the regional market share. Countries like the U.S. and Canada are investing actively in innovative projects designed to produce renewable aviation fuel as part of their efforts to lower carbon emissions,” the report stated. “The Asia Pacific region stands ready to experience significant growth in the near future due to increasing attention to sustainability and environmental stewardship. The aviation industry’s dedication to minimizing carbon emissions drives infrastructure growth in low-cost airlines and emerging economies which will support sustainable fuel adoption. Both public and private sector investments in developing aviation facilities throughout the region will boost market expansion during the forecast period,” it added.
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