In Florida, Markets and Markets reported that the US sustainable aviation fuel market is forecasted to reach $6.97 billion in 2030 from $0.86 billion in 2024, growing at a CAGR of 46.8% during the period. “The US sustainable aviation fuel market is driven by several key factors. Firstly, rising concerns about carbon emissions have prompted a shift from conventional fossil fuels to alternative fuels in both military and civil aviation, supporting the transition towards more sustainable aviation solutions. The US government’s commitment to reducing emissions has led to the introduction of tax credits for sustainable aviation fuel, incentivizing production and adoption,” the report stated. “Additionally, the growing demand for more sustainable and environmentally friendly aviation fuels is contributing to the adoption of higher biofuel blending capacities. Moreover, advancements in biofuel production technologies and scalability of biofuel production have made it more cost-effective and feasible to blend biofuels at above 50% levels in aviation fuel,” it added.
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