Global SAF market to reach over $40 billion by 2034, research finds
In India, Fortune Business Insights reported that the global sustainable aviation fuel market size was valued at $2.72 billion in 2025 and is projected to grow from $ 4.02 billion in 2026 to $ 40.09 billion by 2034, exhibiting a CAGR of 33.3% during the forecast period.
North America dominated the sustainable aviation fuel market, accounting for 46.43% of the market share in 2025, according to the report.
“The sustainable aviation fuel market size remains relatively small compared with global jet fuel demand, yet it is expanding rapidly as airlines commit to long-term carbon reduction targets. Governments in North America and Europe have introduced policy incentives, blending mandates, and tax credits designed to accelerate SAF production capacity. These frameworks are shaping capital allocation decisions across refining companies, biofuel producers, and emerging synthetic fuel developers,” the research firm said.
“Sustainable aviation fuel market trends indicate increasing vertical collaboration between airlines, energy companies, and technology providers. Strategic partnerships are emerging to secure feedstock supply, reduce production risk, and accelerate refinery conversion projects,” it added.
Category: SAF
