Sustainable Aviation Fuels Market Trends
SAF is an Emerging High Growth Market
The Path to NET ZERO
Aviation is responsible for 2-3% of global CO2 emissions.
Sustainable aviation fuel is widely recognized as one of the major levers to minimize aviation's contribution to global CO2 emissions.
IATA expects the 65% emission reductions required to reach Net Zero by 2050 could come from SAF.
In 2023, SAF production doubled to 600 million liters from 300 million liters in 2022, representing 0.2% of global jet fuel use.
Source: IATA - Net Zero 2050: Sustainable Aviation Fuels - SAF Market Outlook 2024
Aviation is responsible for 2-3% of global CO2 emissions.
Sustainable aviation fuel is widely recognized as one of the major levers to minimize aviation's contribution to global CO2 emissions.
IATA expects the 65% emission reductions required to reach Net Zero by 2050 could come from SAF.
In 2023, SAF production doubled to 600 million liters from 300 million liters in 2022, representing 0.2% of global jet fuel use.
Source: IATA - Net Zero 2050: Sustainable Aviation Fuels - SAF Market Outlook 2024
SAF: Global Demand & Supply
For the global aviation industry to reach net zero by 2050, IATA estimates that roughly 350 Mt of SAF will be required.
SAF supply depends heavily on government incentives (USA) and government mandates (EU).
The principal limiting factors are the availability of feedstocks and the demand for fuel from non-aviation sectors.
Source: SAF Market Outlook 2024 - SkyNRG - Haldor Topsoe
For the global aviation industry to reach net zero by 2050, IATA estimates that roughly 350 Mt of SAF will be required.
SAF supply depends heavily on government incentives (USA) and government mandates (EU).
The principal limiting factors are the availability of feedstocks and the demand for fuel from non-aviation sectors.
Source: SAF Market Outlook 2024 - SkyNRG - Haldor Topsoe
SAF Production in the US
United States ATJ Potential
USA is a major contributor to the SAF market, with government planning for 3bn gallons per year by 2030 and 35bn gallons by 2050.
SAF production, particularly through ATJ, offers a substantial growth opportunity for US fuel producers, with the potential to reach 5.5 billion gallons annually by 2050.
Source: Iowa Renewables Fuels Association - Decision Innovation Solutions
USA is a major contributor to the SAF market, with government planning for 3bn gallons per year by 2030 and 35bn gallons by 2050.
SAF production, particularly through ATJ, offers a substantial growth opportunity for US fuel producers, with the potential to reach 5.5 billion gallons annually by 2050.
Source: Iowa Renewables Fuels Association - Decision Innovation Solutions
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