In India, DataM Intelligence reported that the global SAF market reached $586.4 million in 2024 and is expected to reach $4.84 billion by 2031, growing at a CAGR of 35.2% during the forecast period 2024-2031.
“The market is witnessing rapid expansion as the aviation industry accelerates efforts to reduce carbon emissions and achieve long-term sustainability goals. Strong regulatory support, increasing airline commitments to net-zero targets, and rising investments in low-carbon fuel alternatives are key factors driving market growth,” the report stated.
The report stated that North America currently has a 42% share of the market, “driven by strong policy support, domestic SAF production capacity growth, airline sustainability commitments, and investment in renewable energy.”
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