In India, Data M Intelligence reported that the global SAF market is expected to grow at a 35.2% CAGR from 2024 to 2031, with the market size projected to reach 3.58 billion by 2030. The report noted that collaboration among manufacturers, airlines, regulators, and ICAO’s SAFUG is accelerating the development of standards and regulations-such as ASTM certification-for sustainable aviation fuel. “The sustainable aviation fuels market is centered on producing and delivering low-carbon jet fuel made from renewable waste oils, agricultural residues, and synthetic processes to reduce the aviation industry’s reliance on fossil fuels. Propelled by stringent regulatory mandates and lucrative incentives, alongside airlines’ ambitious net-zero commitments, SAF production is bolstered by feedstock innovations and more efficient conversion technologies like HEFA and ATJ,” the report said. “At the same time, mounting environmental and consumer pressures, as well as strategic partnerships between energy, biotech and airline companies, are accelerating investments and scaling up facilities, laying the groundwork for a greener future in air travel,” it added.
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