In India, DataM Intelligence reported that the global SAF market was valued at $320.8 million in 2022 and is projected to reach $3.58 billion by 2030.
The market is forecast to expand at a CAGR of 35.2% during the forecast period (2024-2031).
“The market’s rapid expansion is being fueled by growing global efforts to decarbonize the aviation industry, advancements in fuel processing technologies, and government-backed initiatives promoting low-carbon energy solutions,” the research firm said.
“North America holds approximately half of the global SAF market and is projected to grow at 38.2% CAGR through 2030. The region’s leadership is attributed to strong regulatory frameworks, technological readiness, and national emission reduction goals,” it added.
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