Global SAF market to reach $4.84 billion by 2031, research finds
In India, Data M Intelligence reported that the SAF market size reached $586.4 million in 2024 and is expected to reach $4.84 billion by 2031.
The research firm noted that the global SAF market will expand at a CAGR of 35.2% during the forecast period 2024-2031.
“The SAF market is primarily driven by increasing global pressure to reduce aviation carbon emissions and meet climate change targets. Airline companies are increasingly committing to net-zero goals, creating high demand for low-carbon alternatives. Additionally, government incentives, subsidies, and regulatory mandates for SAF blending encourage fuel producers to scale up production,” said Data M Intelligence.
The report noted that the U.S. is the largest market due to strong regulatory support, SAF blending mandates, and investments by major airlines and refineries.
“Europe is witnessing robust growth driven by strict EU emissions regulations, high fuel efficiency standards, and active SAF production projects. Countries such as Germany, the Netherlands, and France are leading SAF innovation,” it added.
Category: SAF
