持続可能な航空燃料市場 – 2030年までの世界予測

Sustainable Aviation Fuel Market - Global Forecast To 2030

持続可能な航空燃料市場 - 燃料の種類(バイオ燃料、水素、PTL、GtL)、バイオ燃料変換経路(HEFA、FT、ATJ、コプロセス)、バイオ燃料混合能力(30%未満、30%~50%、50%以上)、航空機の種類と地域別 - 2030年までの世界予測
Sustainable Aviation Fuel Market by Fuel type(Biofuel, Hydrogen, PtL, GtL), by Biofuel Conversion Pathways (HEFA, FT, ATJ, Co-processing), by biofuel blending capacity (below 30%, 30% to 50%, Above 50%), Aircraft type and Region - Global Forecast to 2030

商品番号 : SMB-11074

出版社MarketsandMarkets
出版年月2025年5月
ページ数340
図表数363
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書
  • 本調査は、持続可能な航空燃料市場を様々なセグメントおよびサブセグメントにわたって網羅しています。燃料の種類、航空機の種類、バイオ燃料への転換経路、バイオ燃料の混合能力、エンドユーザー、地域に基づき、様々なセグメントにおける市場規模と成長の可能性を推定することを目的としています。また、主要プレーヤーの詳細な競合分析に加え、企業概要、ソリューションおよび事業提供に関する主要な考察、各プレーヤーの最近の動向、主要な市場戦略についても分析しています。
  • 本レポートは、持続可能な航空燃料市場を北米、欧州、アジア太平洋、中東、ラテンアメリカの5つの主要地域に分類しています。さらに、持続可能な航空燃料市場の成長に影響を与える推進要因、制約要因、課題、機会といった重要な要素に関する詳細な情報も提供しています。
  • 主要な業界プレーヤーを包括的に分析し、各社の事業概要、ソリューション、サービスに関する洞察を提供しています。この分析では、持続可能な航空燃料市場に関連する合意、コラボレーション、製品の発売、契約、拡張、買収、パートナーシップなどの重要な側面もカバーしています。

Report Overview

The sustainable aviation fuel market is estimated at USD 2.06 billion in 2025. It is projected to reach USD 25.62 billion by 2030, growing at a CAGR of 65.5%.

持続可能な航空燃料市場は、2025年には20億6,000万米ドルに達すると推定されています。2030年には256億2,000万米ドルに達し、年平均成長率(CAGR)65.5%で成長すると予測されています。

In terms of volume, the market is projected to grow from 0.30 billion gallons in 2025 to 3.68 billion gallons by 2030. SAF is made from sustainable biomass, such as agricultural waste, used cooking oil, municipal solid waste, and non-food biomass. In recent years, SAF has emerged as the central solution to combat carbon neutrality and global climate objectives. The need for enhancing regulatory support, net-zero commitments by the aviation industry, and increased investments in SAF manufacturing technologies drive sustainable growth within this market globally.

数量ベースで見ると、市場は2025年の3億ガロンから2030年には36億8000万ガロンに成長すると予測されています。SAFは、農業廃棄物、使用済み食用油、都市固形廃棄物、非食用バイオマスなどの持続可能なバイオマスから作られています。近年、SAFはカーボンニュートラルと地球規模の気候変動対策における中心的なソリューションとして浮上しています。規制強化の必要性、航空業界によるネットゼロへのコミットメント、そしてSAF製造技術への投資増加は、この市場における世界的な持続的な成長を促進しています。

持続可能な航空燃料市場 - 2030年までの世界予測
sustainable-aviation-fuel-market

“The business & general aviation segment is estimated to account for the second-largest share in 2025.”

Based on aircraft type, the sustainable aviation fuel market is categorized into commercial aviation, military aviation, business & general aviation, and Unmanned Aerial Vehicles (UAVs). The business & general aviation segment is projected to account for the second-largest market share in the sustainable aviation fuel market. Business & general aviation, which covers charter flights, private jets, and non-commercial aircraft, has increased its focus on carbon footprint. As a result, operators and manufacturers are increasingly turning to SAF to meet regulatory requirements and consumer expectations for greener operations. To serve regulatory mandates and customer expectations for cleaner aviation, operators and manufacturers prefer SAF as their solution. Major business jet companies, such as Bombardier, Gulfstream, and Dassault, are actively promoting SAF adoption by certifying their aircraft for SAF compatibility and incorporating it into operations. With the growth of the commercial aviation industry as the largest consumer of SAF, quick uptake and significant per-flight fuel consumption of business and general aircraft are projected to boost the segment’s growth during the forecast period.

“The airliner segment is estimated to account for the largest share in 2025.”

Based on end user, the airliner segment is estimated to be the largest market by 2025 due to the ongoing expansion of air travel for tourism and business purposes. Airlines are expanding their fleets and replacing older aircraft with more efficient and technologically superior to meet increasing passenger volumes and environmental requirements. In addition, the need for new routes and higher frequencies of flights is fueling investments in aircraft acquisition, maintenance, and onboard services, all of which contribute to the market strength of the airliner segment. Furthermore, the airliner segment benefits significantly from substantial economies of scale and long-term strategic alliances with manufacturers and service providers. Airlines increasingly focus on improving passenger experience and operational efficiency through digitalization, such as integrating AI, IoT, and advanced analytics. With these developments, the airliner segment is set to continue its position as an aviation industry leader, contributing the largest share of the SAF market.

持続可能な航空燃料市場 - 2030年までの世界予測 region
sustainable-aviation-fuel-market-region

“Europe is estimated to account for the second-largest share in 2025.”

Europe is projected to account for the second-largest market due to robust regulatory support, aggressive climate policies, and a well-developed aviation infrastructure. The European Union has been leading the way in supporting SAF through measures like the ReFuelEU Aviation proposal, which requires rising SAF blending ratios over time. Moreover, the EU Emissions Trading System (EU ETS) encourages airlines to lower emissions further, compelling carriers to use cleaner fuel options such as SAF. The Netherlands, France, Germany, and the UK are already investing in SAF production plants and setting up supply chains to cater to future demand. The presence of major SAF producers, such as SkyNRG and Neste, also characterizes Europe. In addition, European airlines are increasingly using SAF in aircraft as fuel, increasing their availability to commercial and general aviation planes. These collective efforts and infrastructure preparedness make Europe the second-largest market share in 2025.

Break-up of Primary Participants’ Profiles in Sustainable Aviation Fuel Market

  • By Company Type: Tier 1 – 35%; Tier 2 – 54%; and Tier 3 – 20%
  • By Designation: Directors – 55%; Managers – 27%; and Others – 18%
  • By Region: North America – 40%; Europe – 20%; Asia Pacific – 30%; Latin America – 5%; and Middle East– 4 %

Neste (Finland), Shell (UK), TotalEnergies (France), OMV Group (Austria), and World Energy, LLC (UK) are some of the key players operating in the sustainable aviation fuel market. These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Latin America.

持続可能な航空燃料市場 - 2030年までの世界予測 ecosystem
sustainable-aviation-fuel-market-ecosystem

Research Coverage

The study covers the sustainable aviation fuel market across various segments and subsegments. It aims to estimate this market’s size and growth potential across different segments based on fuel type, aircraft type, biofuel conversion pathway, biofuel blending capacity, end user, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

This report segments the sustainable aviation fuel market across five key regions: North America, Europe, Asia Pacific, the Middle East, and Latin America. Its scope includes in-depth information on significant factors, such as drivers, restraints, challenges, and opportunities that influence sustainable aviation fuel market growth.

A comprehensive analysis of major industry players has been conducted to provide insights into their business profiles, solutions, and services. This analysis also covers key aspects like agreements, collaborations, product launches, contracts, expansion, acquisitions, and partnerships associated with the sustainable aviation fuel market.

Reasons to Buy this Report:

This report is a valuable resource for market leaders and newcomers, offering data that closely approximates revenue figures for the overall market and its subsegments. It equips stakeholders with a comprehensive understanding of the competitive landscape, facilitating informed decisions to enhance their market positioning and formulating effective go-to-market strategies. The report imparts valuable insights into the market dynamics, offering information on crucial factors such as drivers, restraints, challenges, and opportunities, enabling stakeholders to gauge the market’s pulse.

Insights Covered by the Report

  • Analysis of key drivers and factors, such as advancements in feedstock processing and refining technologies, increasing adoption of fuel-efficient aircraft engines, and stringent environmental regulatory mandates
  • Market Penetration: Comprehensive information on sustainable aviation fuel solutions offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the sustainable aviation fuel market
  • Market Development: Comprehensive information about lucrative markets across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the sustainable aviation fuel market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the sustainable aviation fuel market

Table of Contents

1               INTRODUCTION              29

1.1           STUDY OBJECTIVES       29

1.2           MARKET DEFINITION   29

1.3           STUDY SCOPE   30

1.3.1        MARKET SEGMENTATION           30

1.3.2        INCLUSIONS & EXCLUSIONS       31

1.4           YEARS CONSIDERED      32

1.5           CURRENCY CONSIDERED            32

1.6           STAKEHOLDERS               32

1.7           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    Secondary sources                36

2.1.2        PRIMARY DATA 36

2.1.2.1    Key primary sources             36

2.1.2.2    Key data from primary sources           37

2.1.2.3    Breakdown of primary interviews      37

2.2           FACTOR ANALYSIS          38

2.2.1        INTRODUCTION              38

2.2.2        DEMAND-SIDE INDICATORS      38

2.2.3        SUPPLY-SIDE INDICATORS          38

2.3           MARKET SIZE ESTIMATION         39

2.3.1        BOTTOM-UP APPROACH              39

2.3.2        TOP-DOWN APPROACH                40

2.4           DATA TRIANGULATION                41

2.5           RESEARCH ASSUMPTIONS           42

2.6           RESEARCH LIMITATIONS             42

2.7           RISK ASSESSMENT           43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       47

4.1           OPPORTUNITIES FOR PLAYERS IN SUSTAINABLE AVIATION FUEL MARKET             47

4.2           SUSTAINABLE AVIATION FUEL MARKET, BY END USER                 47

4.3           SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE     48

4.4           SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE                 48

4.5           SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY                 49

5               MARKET OVERVIEW       50

5.1           INTRODUCTION              50

5.2           MARKET DYNAMICS       50

5.2.1        DRIVERS               51

5.2.1.1    Advancements in feedstock processing and refining technologies                 51

5.2.1.2    Increasing adoption of fuel-efficient aircraft engines     52

5.2.1.3    Stringent environmental regulatory mandates 53

5.2.2        RESTRAINTS      54

5.2.2.1    High production cost           54

5.2.2.2    Limited feedstock availability             54

5.2.3        OPPORTUNITIES              56

5.2.3.1    Rising depletion of fossil fuels            56

5.2.3.2    Growing focus on reducing greenhouse emissions         56

5.2.3.3    Increasing focus on aircraft modernization      58

5.2.4        CHALLENGES    59

5.2.4.1    Integration of SAF supply chain with existing jet fuel supply chain                 59

5.2.4.2    Lack of sufficient funding for demonstration of SAF technologies                 60

5.2.4.3    Infrastructural limitations   60

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            61

5.4           ECOSYSTEM ANALYSIS  61

5.4.1        PROMINENT COMPANIES            61

5.4.2        PRIVATE AND SMALL ENTERPRISES        61

5.4.3        END USERS         61

5.5           TARIFF & REGULATORY LANDSCAPE     63

5.5.1        REGULATIONS, BY REGION         63

5.5.2        ORGANIZATIONS INVOLVED IN SAF PROGRAMS                 65

5.5.2.1    Sustainable Aviation Fuel User Group (SAFUG)           66

5.5.2.2    CORSIA: International Agreement   66

5.5.2.3    IATA Net Zero Commitment             66

5.5.2.4    Airport Carbon Accreditation             66

5.5.2.5    Clean Skies for Tomorrow  66

5.5.2.6    EU Clean Aviation Joint Undertaking               66

5.5.2.7    European Green Deal          66

5.5.2.8    National Funding Programs                66

5.5.2.9    International Air Transport Association           67

5.5.2.10  Commercial Aviation Alternative Fuels Initiative (CAAFI)                 67

5.5.2.11  NORDIC & NISA Initiatives for Sustainable Aviation   67

5.5.2.12  Air Transport Action Group               67

5.5.2.13  International Civil Aviation Organization (ICAO)         67

5.5.2.14  International Renewable Energy Agency          68

5.5.3        TARIFF RELATED TO SAF             68

5.6           TRADE DATA     69

5.6.1        IMPORT SCENARIO         69

5.6.2        EXPORT SCENARIO         71

5.7           COST CONTRIBUTION OF SAF SUPPLY CHAIN ELEMENTS          72

5.7.1        FACTORS INFLUENCING COST OF SAF  72

5.7.1.1    Improved feedstock yields  72

5.7.1.2    Advanced bio-manufacturing technology         73

5.7.1.3    Increased production of SAF              74

5.7.2        ROLE OF SAF CERTIFICATES, REGISTRIES, AND BOOK AND CLAIM SYSTEMS    75

5.7.2.1    SAF certificates     75

5.7.2.2    SAF registries        75

5.7.2.3    Book and claim systems       76

5.8           VOLUME DATA 78

5.8.1        SAF CONSUMPTION VOLUME, BY REGION           78

5.8.2        SAF OFFTAKE AGREEMENTS, BY FUEL PRODUCER                 78

5.8.3        SAF OFFTAKE AGREEMENTS, BY FUEL PURCHASER                 79

5.8.4        SAF PRODUCTION VOLUME       80

5.9           OPERATIONAL DATA     80

5.9.1        PROJECTED CAPACITY OF SAF IN-SERVICE FACILITIES, BY COUNTRY AND COMPANY    80

5.10         KEY STAKEHOLDERS AND BUYING CRITERIA     81

5.10.1      KEY STAKEHOLDERS IN BUYING PROCESS           81

5.10.2      BUYING CRITERIA           83

5.11         CASE STUDIES  84

5.11.1      ALL NIPPON AIRWAYS (ANA) INCORPORATED NESTE’S SAF TO REDUCE LIFECYCLE GREENHOUSE EMISSIONS 84

5.11.2      UNITED AIRLINES DEMONSTRATED SEAMLESS REPLACEMENT OF TRADITIONAL JET FUEL WITH SAF  84

5.11.3      AIR NEW ZEALAND’S INITIATIVE TRANSFORMED WOODY WASTE INTO SAF            84

5.12         KEY CONFERENCES & EVENTS   85

5.13         TECHNOLOGY ANALYSIS             86

5.13.1      KEY TECHNOLOGIES     86

5.13.1.1  Bioforming Process              86

5.13.1.2  Lignocellulosic Biomass Pretreatment Technologies     86

5.13.2      ADJACENT TECHNOLOGIES       87

5.13.2.1  Advanced Feedstock Processing        87

5.13.2.2  Digital Fuel Tracking & Blockchain for Emission Auditing                 87

5.13.3      COMPLEMENTARY TECHNOLOGIES       87

5.13.3.1  Carbon Capture and Utilization (CCU)           87

5.13.3.2  Hydrogen Electrolysis          87

5.14         PRICING ANALYSIS          88

5.14.1      AVERAGE SELLING PRICE, BY BIOFUEL CONVERSION PATHWAY           88

5.14.2      AVERAGE SELLING PRICE TREND, BY REGION   89

5.14.3      INDICATIVE PRICING ANALYSIS                90

5.15         COMPARISON BETWEEN JET FUEL AND SAF       91

5.15.1      VOLUME AND PRICE      92

5.15.2      FUEL CONSUMPTION AND EMISSION    92

5.15.3      OPERATIONAL COST AND EFFICIENCY 93

5.15.4      INFRASTRUCTURE REQUIREMENT          93

5.16         INVESTMENT AND FUNDING SCENARIO               94

5.17         IMPACT OF AI/GENERATIVE AI ON SAF MARKET                 94

5.17.1      FEEDSTOCK OPTIMIZATION      95

5.17.2      PROCESS EFFICIENCY AND YIELD IMPROVEMENT                 95

5.17.3      PREDICTIVE SUPPLY CHAIN MANAGEMENT       95

5.17.4      LIFECYCLE AND EMISSION MODELING 96

5.17.5      ACCELERATED R&D AND INNOVATION                96

5.18         MACROECONOMIC OUTLOOK  96

5.18.1      INTRODUCTION              96

5.18.2      NORTH AMERICA             96

5.18.3      EUROPE               97

5.18.4      ASIA PACIFIC     97

5.18.5      MIDDLE EAST   97

5.18.6      LATIN AMERICA                97

5.19         TOTAL COST OF OWNERSHIP (TCO)      98

5.19.1      INTRODUCTION              98

5.20         BUSINESS MODELS         99

5.21         TECHNOLOGY ROADMAP            101

6               INDUSTRY TRENDS         102

6.1           INTRODUCTION              102

6.2           TECHNOLOGY TRENDS                102

6.2.1        ETHANOL-TO-JET (ETJ) TECHNOLOGY 102

6.2.2        ADVANCED GASIFICATION         103

6.2.3        HYDROCRACKING TECHNOLOGY            104

6.2.4        UNICRACKING BY FISCHER-TROPSCH   104

6.2.5        FT CATALYSTS  105

6.2.6        SAF-COMPATIBLE TURBINE GENERATOR            105

6.3           IMPACT OF MEGATRENDS          105

6.3.1        INTERNET OF THINGS (IOT) FOR EMISSION MONITORING   105

6.3.2        ARTIFICIAL INTELLIGENCE (AI) FOR FEEDSTOCK OPTIMIZATION                105

6.3.3        DIGITAL TWINS FOR FUEL BLEND EXPERIMENTS                 106

6.3.4        COLLABORATIVE INDUSTRY PLATFORMS FOR KNOWLEDGE SHARING 106

6.4           SUPPLY CHAIN ANALYSIS             106

6.4.1        DETAILED ILLUSTRATION OF SAF SUPPLY CHAIN                 108

6.5           PATENT ANALYSIS          109

7               SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY               112

7.1           INTRODUCTION              113

7.2           FISCHER-TROPSCH (FT)                116

7.2.1        NEED TO PRODUCE HIGH-QUALITY FUEL FROM ABUNDANT WASTE AND BIOMASS RESOURCES TO DRIVE MARKET               116

7.2.2        FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK)               116

7.2.3        FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS (FT-SPK/A)  117

7.3           HYDROPROCESSED ESTERS AND FATTY ACIDS (HEFA)                 118

7.3.1        AVAILABILITY OF LOW-COST LIPID FEEDSTOCKS AND THEIR PROVEN COMMERCIAL SCALABILITY FOR SAF PRODUCTION TO DRIVE MARKET           118

7.3.2        HYDROPROCESSED ESTERS AND FATTY ACIDS – SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK)              118

7.3.3        HIGH-HYDROGEN CONTENT SYNTHETIC PARAFFINIC KEROSENE (HHC-SPK)   119

7.3.4        HYDROPROCESSED FERMENTED SUGARS TO SYNTHESIZED ISO-PARAFFINS (HFS-SIP)               120

7.4           ALCOHOL-TO-JET (ATJ)                121

7.4.1        FLEXIBILITY TO USE WIDELY AVAILABLE ALCOHOLS FROM DIVERSE RENEWABLE SOURCES TO DRIVE MARKET                 121

7.4.2        ALCOHOL-TO-JET SYNTHETIC PARAFFINIC KEROSENE (ATJ-SPK)             121

7.4.3        ALCOHOL-TO-JET SYNTHETIC KEROSENE WITH AROMATICS (ATJ-SKA)  122

7.5           CATALYTIC HYDROTHERMOLYSIS JET (CHJ)      123

7.5.1        FOCUS ON LOW PROCESSING COST TO DRIVE MARKET                 123

7.6           CO-PROCESSING              124

7.6.1        EMPHASIS ON COST-EFFECTIVE SAF PRODUCTION TO DRIVE MARKET 124

8               SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY    126

8.1           INTRODUCTION              127

8.2           BELOW 30%        128

8.2.1        ADOPTION OF SAF WITHOUT MAJOR MODIFICATIONS TO DRIVE MARKET         128

8.2.2        USE CASE: SK ENERGY’S (SOUTH KOREA) CO-PROCESSING APPROACH TO PRODUCE SAF        128

8.3           30% TO 50%        128

8.3.1        ADVANCEMENTS IN SAF PRODUCTION TECHNOLOGIES TO DRIVE MARKET      128

8.3.2        USE CASE: REPSOL AND VUELING PIONEER SPAIN’S FIRST COMMERCIAL FLIGHT WITH 50% SAF USING HEFA TECHNOLOGY  129

8.4           ABOVE 50%         129

8.4.1        INCREASING R&D IN TECHNOLOGICAL PATHWAYS TO DRIVE MARKET 129

8.4.2        USE CASE: AIRBUS, WITH ROLLS-ROYCE AND NESTE, DEMONSTRATED 100% SAF FLIGHT WITH HEFA FUEL, CUTTING CONTRAIL IMPACT BY 56%    129

9               SUSTAINABLE AVIATION FUEL MARKET, BY END USER                 130

9.1           INTRODUCTION              131

9.2           AIRLINER             132

9.2.1        GROWING INVESTMENTS IN SUSTAINABLE SOLUTIONS TO DRIVE SEGMENT      132

9.2.2        LARGE AIRLINER              132

9.2.3        MEDIUM AIRLINER          132

9.2.4        SMALL AIRLINER              133

9.3           GOVERNMENT & MILITARY        133

9.3.1        GROWING NEED TO REDUCE GREENHOUSE EMISSIONS AND ACHIEVE LONG-TERM OPERATIONAL RESILIENCE TO DRIVE MARKET 133

9.4           NON-SCHEDULED OPERATOR  133

9.4.1        INCREASING PASSENGER FOCUS ON LOW-CARBON TRAVEL OPTIONS TO DRIVE MARKET   133

10            SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE                 134

10.1         INTRODUCTION              135

10.2         BIOFUEL              136

10.2.1      GROWING FOCUS ON REDUCING GREENHOUSE EMISSIONS TO DRIVE MARKET 136

10.3         HYDROGEN FUEL            136

10.3.1      RISE IN GOVERNMENT INVESTMENTS IN HYDROGEN TECHNOLOGIES AND INFRASTRUCTURE TO DRIVE MARKET                 136

10.4         POWER-TO-LIQUID (PTL)            137

10.4.1      NEED FOR INCREASED DEEP DECARBONIZATION POTENTIAL TO DRIVE MARKET                137

10.5         GAS-TO-LIQUID (GTL)  137

10.5.1      NEED FOR IMPROVED COMBUSTION EFFICIENCY AND LOW PARTICULATE EMISSIONS TO DRIVE MARKET        137

11            SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE     138

11.1         INTRODUCTION              139

11.2         COMMERCIAL AVIATION             140

11.2.1      GROWING E-COMMERCE INDUSTRY AND GLOBAL AIR TRAVEL DEMAND TO DRIVE GROWTH  140

11.2.2      NARROW-BODY AIRCRAFT          140

11.2.3      WIDE-BODY AIRCRAFT 141

11.2.4      REGIONAL TRANSPORT AIRCRAFT          141

11.3         BUSINESS & GENERAL AVIATION              141

11.3.1      EMPHASIS ON CORPORATE SOCIAL RESPONSIBILITY AND HIGH FOCUS ON SUSTAINABILITY TO DRIVE SEGMENT                 141

11.3.2      BUSINESS JET    141

11.3.3      LIGHT AIRCRAFT             142

11.3.4      COMMERCIAL HELICOPTER       142

11.4         MILITARY AVIATION      142

11.4.1      HIGH OPERATIONAL DEMAND FOR DIVERSE RANGE OF MISSIONS TO DRIVE SEGMENT 142

11.4.2      FIGHTER AIRCRAFT        143

11.4.3      TRANSPORT AIRCRAFT 143

11.4.4      SPECIAL MISSION AIRCRAFT       143

11.4.5      MILITARY HELICOPTER                143

11.5         UNMANNED AERIAL VEHICLE   144

11.5.1      GROWING FOCUS ON REDUCING ENVIRONMENTAL IMPACT OF PERSISTENT SURVEILLANCE AND INTELLIGENCE MISSIONS TO DRIVE MARKET    144

12            SUSTAINABLE AVIATION FUEL MARKET, BY REGION                 145

12.1         INTRODUCTION              146

12.2         NORTH AMERICA             149

12.2.1      PESTLE ANALYSIS            151

12.2.2      US           157

12.2.2.1  Leveraging federal policy, strategic partnerships, and domestic resources to drive growth    157

12.2.3      CANADA               158

12.2.3.1  Leveraging clean fuel regulations and renewable resources to drive growth          158

12.3         ASIA PACIFIC     160

12.3.1      PESTLE ANALYSIS            162

12.3.2      INDIA    168

12.3.2.1  Need for harnessing indigenous innovation and agricultural abundance to drive growth 168

12.3.3      AUSTRALIA         170

12.3.3.1  Need for leveraging agricultural strengths and technological innovation to drive growth  170

12.3.4      SOUTH KOREA  171

12.3.4.1  Harnessing technological advancements and strategic partnerships to drive growth               171

12.3.5      JAPAN   173

12.3.5.1  Focus on pioneering innovation and policy support to drive growth    173

12.3.6      CHINA  175

12.3.6.1  Emphasis on catalyzing innovation and strategic partnerships to drive growth          175

12.3.7      SINGAPORE        176

12.3.7.1  Global innovation in SAF and need for sustainability through strategic collaborations to drive growth            176

12.3.8      REST OF ASIA PACIFIC   178

12.4         EUROPE               180

12.4.1      PESTLE ANALYSIS            182

12.4.2      GERMANY           188

12.4.2.1  Need for scaling national policy and innovation ecosystems to drive growth          188

12.4.3      UK          190

12.4.3.1  Advancing domestic production, policy support, and feedstock innovation to drive growth  190

12.4.4      FRANCE                191

12.4.4.1  Focus on implementing regulatory targets and industrial integration to drive growth 191

12.4.5      DENMARK           193

12.4.5.1  Need for scaling power-to-liquid pathways and national mandates to drive growth    193

12.4.6      FINLAND             195

12.4.6.1  Demand for harnessing bio-refinery innovation and policy alignment to drive growth   195

12.4.7      REST OF EUROPE             196

12.5         MIDDLE EAST   198

12.5.1      PESTLE ANALYSIS            200

12.5.2      UAE        206

12.5.2.1  ‘Vision 2030’ and strategic partnerships to drive growth                 206

12.5.3      BAHRAIN             207

12.5.3.1  Government’s commitment to sustainability to drive growth                 207

12.5.4      QATAR 209

12.5.4.1  Strategic initiatives and collaborations to drive growth  209

12.6         LATIN AMERICA                211

12.6.1      PESTLE ANALYSIS            212

12.6.2      BRAZIL 218

12.6.2.1  Focus on leveraging biofuel expertise to drive growth    218

12.6.3      MEXICO                219

12.6.3.1  Need for harnessing agricultural strength to drive growth                 219

13            COMPETITIVE LANDSCAPE         222

13.1         INTRODUCTION              222

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 222

13.3         REVENUE ANALYSIS       224

13.4         MARKET SHARE ANALYSIS           225

13.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 227

13.5.1      STARS   227

13.5.2      EMERGING LEADERS     227

13.5.3      PERVASIVE PLAYERS      227

13.5.4      PARTICIPANTS 227

13.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         229

13.5.5.1  Company footprint               229

13.5.5.2  Blending capacity footprint 230

13.5.5.3  Biofuel conversion pathway footprint                231

13.5.5.4  End user footprint                 232

13.5.5.5  Region footprint   233

13.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        234

13.6.1      PROGRESSIVE COMPANIES         234

13.6.2      RESPONSIVE COMPANIES            234

13.6.3      DYNAMIC COMPANIES  234

13.6.4      STARTING BLOCKS         234

13.6.5      COMPETITIVE BENCHMARKING               236

13.7         COMPANY VALUATION AND FINANCIAL METRICS                 239

13.8         BRAND/PRODUCT COMPARISON             240

13.9         COMPETITIVE SCENARIO             241

13.9.1      DEALS  241

13.9.2      OTHER DEVELOPMENTS              261

14            COMPANY PROFILES      263

14.1         KEY PLAYERS     263

14.1.1      NESTE  263

14.1.1.1  Business overview 263

14.1.1.2  Products/Solutions offered 264

14.1.1.3  Recent developments           265

14.1.1.4  MnM view              266

14.1.1.4.1                Key strengths        266

14.1.1.4.2                Strategic choices   267

14.1.1.4.3                Weaknesses and competitive threats 267

14.1.2      TOTALENERGIES             268

14.1.2.1  Business overview 268

14.1.2.2  Products/Solutions offered 269

14.1.2.3  Recent developments           269

14.1.2.3.1                Other developments             270

14.1.2.4  MnM view              270

14.1.2.4.1                Key strengths        270

14.1.2.4.2                Strategic choices   271

14.1.2.4.3                Weaknesses and competitive threats 271

14.1.3      WORLD ENERGY, LLC    272

14.1.3.1  Business overview 272

14.1.3.2  Products/Solutions/Services offered 272

14.1.3.3  Recent developments           273

14.1.3.4  MnM view              274

14.1.3.4.1                Key strengths        274

14.1.3.4.2                Strategic choices   274

14.1.3.4.3                Weaknesses and competitive threats 274

14.1.4      ENI S.P.A              275

14.1.4.1  Business overview 275

14.1.4.2  Products/Solutions offered 276

14.1.4.3  Recent developments           277

14.1.4.3.1                Other developments             277

14.1.4.4  MnM view              278

14.1.4.4.1                Key strengths        278

14.1.4.4.2                Strategic choices   278

14.1.4.4.3                Weaknesses and competitive threats 278

14.1.5      OMV AKTIENGESELLSCHAFT     279

14.1.5.1  Business overview 279

14.1.5.2  Products/Solutions offered 280

14.1.5.3  Recent developments           281

14.1.5.3.1                Other developments             281

14.1.5.4  MnM view              283

14.1.5.4.1                Key strengths        283

14.1.5.4.2                Strategic choices   283

14.1.5.4.3                Weaknesses and competitive threats 283

14.1.6      SHELL INTERNATIONAL B.V.      284

14.1.6.1  Business overview 284

14.1.6.2  Products/Solutions offered 285

14.1.6.3  Recent developments           286

14.1.7      LANZATECH       288

14.1.7.1  Business overview 288

14.1.7.2  Products/Solutions offered 289

14.1.7.3  Recent developments           290

14.1.8      GEVO    292

14.1.8.1  Business overview 292

14.1.8.2  Products/Solutions offered 293

14.1.8.3  Recent developments           293

14.1.9      VELOCYS LTD.  295

14.1.9.1  Business overview 295

14.1.9.2  Products/Solutions offered 295

14.1.9.3  Recent developments           296

14.1.10   NORTHWEST ADVANCED BIO-FUELS, LLC           297

14.1.10.1                 Business overview 297

14.1.10.2                 Products/Solutions offered 297

14.1.10.3                 Recent developments           297

14.1.10.3.1             Other developments             298

14.1.11   SKYNRG B.V.      299

14.1.11.1                 Business overview 299

14.1.11.2                 Products/Solutions offered 299

14.1.11.3                 Recent developments           300

14.1.12   TOPSOE A/S       301

14.1.12.1                 Business overview 301

14.1.12.2                 Products/Solutions offered 301

14.1.12.3                 Recent developments           302

14.1.13   AEMETIS, INC.   304

14.1.13.1                 Business overview 304

14.1.13.2                 Products/Solutions offered 304

14.1.13.3                 Recent developments           305

14.1.14   WORLD KINECT CORPORATION               307

14.1.14.1                 Business overview 307

14.1.14.2                 Products/Solutions offered 308

14.1.14.3                 Recent developments           308

14.1.14.3.1             Other developments             309

14.1.15   PHILLIPS 66 COMPANY 310

14.1.15.1                 Business overview 310

14.1.15.2                 Products/Solutions offered 311

14.1.15.3                 Recent developments           311

14.1.15.3.1             Other developments             311

14.1.16   ALDER ENERGY, LLC      312

14.1.16.1                 Business overview 312

14.1.16.2                 Products/Solutions offered 312

14.1.16.3                 Recent developments           313

14.1.16.3.1             Other developments             313

14.1.17   MOEVE 314

14.1.17.1                 Business overview 314

14.1.17.2                 Products/Solutions offered 314

14.1.17.3                 Recent developments           314

14.1.17.3.1             Other developments             315

14.1.18   PREEM AB           316

14.1.18.1                 Business overview 316

14.1.18.2                 Products/Solutions offered 316

14.1.18.3                 Recent developments           317

14.1.18.3.1             Other developments             317

14.1.19   BP P.L.C.               318

14.1.19.1                 Business overview 318

14.1.19.2                 Products/Solutions offered 319

14.1.19.3                 Recent developments           319

14.1.19.3.1             Other developments             320

14.1.20   REPSOL                 321

14.1.20.1                 Business overview 321

14.1.20.2                 Products/Solutions offered 322

14.1.20.3                 Recent developments           322

14.2         OTHER PLAYERS              323

14.2.1      ATMOSFAIR GMBH          323

14.2.2      SAF PLUS INTERNATIONAL GROUP         324

14.2.3      CEMVITA             324

14.2.4      DG FUELS, LLC  325

14.2.5      WASTEFUEL       325

14.2.6      RED ROCK BIOFUELS     326

14.2.7      AIR COMPANY HOLDINGS INC  327

14.2.8      DIMENSIONAL ENERGY                 327

14.2.9      VIRENT, INC.      328

14.2.10   SGP BIOENERGY HOLDINGS, LLC             329

15            APPENDIX           330

15.1         DISCUSSION GUIDE        330

15.2         ANNEXURE         333

15.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                336

15.4         CUSTOMIZATION OPTIONS        338

15.5         RELATED REPORTS         338

15.6         AUTHOR DETAILS           339

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2021–2024            32

TABLE 2                KEY ENVIRONMENTAL REGULATIONS DRIVING SAF MARKET      53

TABLE 3                REGION-WISE CHALLENGES TO FEEDSTOCK AVAILABILITY   55

TABLE 4                ROLE OF COMPANIES IN MARKET ECOSYSTEM                 62

TABLE 5                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 63

TABLE 6                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           64

TABLE 7                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 64

TABLE 8                MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 65

TABLE 9                LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 65

TABLE 10              IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      70

TABLE 11              EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)                 72

TABLE 12              COST CONTRIBUTION OF SAF SUPPLY CHAIN ELEMENTS, 2024 VS. 2030               72

TABLE 13              SAF CONSUMPTION VOLUME, BY REGION, 2021–2030        78

TABLE 14              SAF OFFTAKE AGREEMENTS PER FUEL PRODUCER, 2013–2025 (MILLION LITERS)             78

TABLE 15              SAF OFFTAKE AGREEMENTS PER FUEL PURCHASER,

2013–2025 (MILLION LITERS)       79

TABLE 16              IN-SERVICE FACILITIES PRODUCING SAF, BY COUNTRY,

2017–2025 (BILLION LITERS/YEAR)           80

TABLE 17              IN-SERVICE FACILITIES PRODUCING SAF, BY COMPANY,

2017–2025 (BILLION LITERS/YEAR)           81

TABLE 18              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)        82

TABLE 19              KEY BUYING CRITERIA, BY END USER    83

TABLE 20              KEY CONFERENCES & EVENTS, 2025         85

TABLE 21              AVERAGE SELLING PRICE, BY BIOFUEL CONVERSION PATHWAY,

2021–2024 (USD/GALLON)            89

TABLE 22              AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024 (USD/GALLON)            90

TABLE 23              INDICATIVE PRICING LEVELS OF SAF, BY KEY PLAYER, 2024 (USD/GALLON)    91

TABLE 24              AVERAGE CONSUMPTION AND EMISSIONS OF JET FUEL AND SAF           92

TABLE 25              COMPARISON BETWEEN BUSINESS MODELS                 100

TABLE 26              MAJOR PATENTS FILED, 2021–2025            109

TABLE 27              SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION)                 113

TABLE 28              SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION)                 114

TABLE 29              SUSTAINABLE AVIATION FUEL MARKET, BY FISCHER-TROPSCH,

2021–2024 (USD MILLION)            114

TABLE 30              SUSTAINABLE AVIATION FUEL MARKET, BY FISCHER-TROPSCH,

2025–2030 (USD MILLION)            114

TABLE 31              SUSTAINABLE AVIATION FUEL MARKET, BY HYDROPROCESSED ESTERS AND FATTY ACID, 2021–2024 (USD MILLION)            115

TABLE 32              SUSTAINABLE AVIATION FUEL MARKET, BY HYDROPROCESSED ESTERS AND FATTY ACID, 2025–2030 (USD MILLION)            115

TABLE 33              SUSTAINABLE AVIATION FUEL MARKET, BY ALCOHOL-TO-JET,

2021–2024 (USD MILLION)            115

TABLE 34              SUSTAINABLE AVIATION FUEL MARKET, BY ALCOHOL-TO-JET,

2025–2030 (USD MILLION)            116

TABLE 35              FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK): OVERVIEW               117

TABLE 36              FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS

(FT-SPK/A): OVERVIEW 118

TABLE 37              HYDROPROCESSED ESTERS AND FATTY ACIDS – SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK): OVERVIEW                 119

TABLE 38              HIGH-HYDROGEN CONTENT SYNTHETIC PARAFFINIC KEROSENE (HHC-SPK): OVERVIEW                120

TABLE 39              SYNTHETIC ISO-PARAFFIN FROM FERMENTED HYDROPROCESSED SUGAR (SIP): OVERVIEW     121

TABLE 40              ALCOHOL-TO-JET SYNTHETIC PARAFFINIC KEROSENE (ATJ-SPK): OVERVIEW             122

TABLE 41              ALCOHOL-TO-JET SYNTHETIC KEROSENE WITH AROMATICS (ATJ-SKA): OVERVIEW             123

TABLE 42              CATALYTIC HYDROTHERMOLYSIS JET (CHJ): OVERVIEW          124

TABLE 43              CO-PROCESSING: OVERVIEW     125

TABLE 44              LIST OF BIOFUEL CONVERSION PATHWAYS UNDER EVALUATION    125

TABLE 45              SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY,

2021–2024 (USD MILLION)            127

TABLE 46              SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY,

2025–2030 (USD MILLION)            127

TABLE 47              SUSTAINABLE AVIATION FUEL MARKET, BY END USER, 2021–2024 (USD MILLION)     131

TABLE 48              SUSTAINABLE AVIATION FUEL MARKET, BY END USER, 2025–2030 (USD MILLION)     131

TABLE 49              SUSTAINABLE AVIATION FUEL MARKET, BY AIRLINER, 2021–2024 (USD MILLION)       132

TABLE 50              SUSTAINABLE AVIATION FUEL MARKET, BY AIRLINER, 2025–2030 (USD MILLION)       132

TABLE 51              SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)   135

TABLE 52              SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)   136

TABLE 53              SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2021–2024 (USD MILLION)            139

TABLE 54              SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2025–2030 (USD MILLION)            140

TABLE 55              SUSTAINABLE AVIATION FUEL MARKET, BY REGION, 2021–2024 (USD MILLION)          147

TABLE 56              SUSTAINABLE AVIATION FUEL MARKET, BY REGION, 2025–2030 (USD MILLION)          147

TABLE 57              SAF INITIATIVES UNDERTAKEN IN NORTH AMERICA             150

TABLE 58              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            153

TABLE 59              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            154

TABLE 60              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            154

TABLE 61              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            154

TABLE 62              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION) 155

TABLE 63              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION) 155

TABLE 64              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION) 155

TABLE 65              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION) 156

TABLE 66              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2021–2024 (USD MILLION)                 156

TABLE 67              NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2025–2030 (USD MILLION)                 156

TABLE 68              US: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            157

TABLE 69              US: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            157

TABLE 70              US: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)                 158

TABLE 71              US: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 158

TABLE 72              CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            159

TABLE 73              CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            159

TABLE 74              CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            159

TABLE 75              CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            160

TABLE 76              SAF INITIATIVES UNDERTAKEN IN ASIA PACIFIC                 161

TABLE 77              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            165

TABLE 78              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            165

TABLE 79              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            165

TABLE 80              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            166

TABLE 81              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION)            166

TABLE 82              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION)            166

TABLE 83              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            167

TABLE 84              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            167

TABLE 85              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2021–2024 (USD MILLION)            167

TABLE 86              ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2025–2030 (USD MILLION)            168

TABLE 87              INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            168

TABLE 88              INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            169

TABLE 89              INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)                 169

TABLE 90              INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 169

TABLE 91              AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            170

TABLE 92              AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            170

TABLE 93              AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            171

TABLE 94              AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            171

TABLE 95              SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            172

TABLE 96              SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            172

TABLE 97              SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            172

TABLE 98              SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            173

TABLE 99              JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            173

TABLE 100            JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            174

TABLE 101            JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)                 174

TABLE 102            JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 174

TABLE 103          CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            175

TABLE 104          CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            175

TABLE 105          CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)                 176

TABLE 106          CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 176

TABLE 107            SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            177

TABLE 108            SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            177

TABLE 109            SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            177

TABLE 110            SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            178

TABLE 111            REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)                 178

TABLE 112            REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)                 179

TABLE 113            REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION) 179

TABLE 114            REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION) 179

TABLE 115            SAF INITIATIVES UNDERTAKEN IN EUROPE                 181

TABLE 116            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            185

TABLE 117            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            185

TABLE 118            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            185

TABLE 119            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            186

TABLE 120            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION)            186

TABLE 121            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION)            186

TABLE 122            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            187

TABLE 123            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            187

TABLE 124            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2021–2024 (USD MILLION)            187

TABLE 125            EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2025–2030 (USD MILLION)            188

TABLE 126            GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            188

TABLE 127            GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            189

TABLE 128            GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            189

TABLE 129            GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            189

TABLE 130            UK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            190

TABLE 131            UK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            190

TABLE 132            UK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)                 191

TABLE 133            UK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 191

TABLE 134            FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            192

TABLE 135            FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            192

TABLE 136            FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            192

TABLE 137            FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            193

TABLE 138            DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            193

TABLE 139            DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            194

TABLE 140            DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            194

TABLE 141            DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            194

TABLE 142            FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            195

TABLE 143            FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            195

TABLE 144            FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            196

TABLE 145            FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            196

TABLE 146            REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            197

TABLE 147            REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            197

TABLE 148            REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION) 197

TABLE 149            REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION) 198

TABLE 150            SAF INITIATIVES UNDERTAKEN IN MIDDLE EAST      199

TABLE 151            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            202

TABLE 152            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            203

TABLE 153            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            203

TABLE 154            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            203

TABLE 155            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION)            204

TABLE 156            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION)            204

TABLE 157            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            204

TABLE 158            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            205

TABLE 159            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2021–2024 (USD MILLION)            205

TABLE 160            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE,

2025–2030 (USD MILLION)            205

TABLE 161            UAE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            206

TABLE 162            UAE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            206

TABLE 163            UAE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION                 207

TABLE 164            UAE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)                 207

TABLE 165            BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            208

TABLE 166            BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            208

TABLE 167            BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            208

TABLE 168            BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            209

TABLE 169            QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            209

TABLE 170            QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            210

TABLE 171            QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            210

TABLE 172            QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            210

TABLE 173            SAF INITIATIVES UNDERTAKEN IN LATIN AMERICA             211

TABLE 174            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            214

TABLE 175            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            215

TABLE 176            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            215

TABLE 177            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            215

TABLE 178            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2024 (USD MILLION)            216

TABLE 179            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2025–2030 (USD MILLION)            216

TABLE 180            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            216

TABLE 181            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            217

TABLE 182            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2021–2024 (USD MILLION)                 217

TABLE 183            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2025–2030 (USD MILLION)                 217

TABLE 184            BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            218

TABLE 185            BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            218

TABLE 186            BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            219

TABLE 187            BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            219

TABLE 188            MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2021–2024 (USD MILLION)            220

TABLE 189            MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,

2025–2030 (USD MILLION)            220

TABLE 190            MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2024 (USD MILLION)            220

TABLE 191            MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2025–2030 (USD MILLION)            221

TABLE 192            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        222

TABLE 193            SUSTAINABLE AVIATION FUEL MARKET: DEGREE OF COMPETITION         225

TABLE 194            BIOFUEL BLENDING CAPACITY FOOTPRINT                 230

TABLE 195            BIOFUEL CONVERSION PATHWAY FOOTPRINT                 231

TABLE 196            END USER FOOTPRINT 232

TABLE 197            REGION FOOTPRINT     233

TABLE 198            DETAILED LIST OF STARTUPS/SMES      236

TABLE 199            COMPETITIVE BENCHMARKING OF STARTUPS/SMES              237

TABLE 200            COMPETITIVE BENCHMARKING OF STARTUPS/SMES (REGION)         238

TABLE 201            SUSTAINABLE AVIATION FUEL MARKET: DEALS, JUNE 2020–APRIL 2025    241

TABLE 202            SUSTAINABLE AVIATION FUEL MARKET: OTHER DEVELOPMENTS,

JUNE 2020–APRIL 2025    261

TABLE 203            NESTE: COMPANY OVERVIEW   263

TABLE 204            NESTE: DEALS   265

TABLE 205            TOTALENERGIES: COMPANY OVERVIEW                 268

TABLE 206            TOTALENERGIES: PRODUCTS/SOLUTIONS OFFERED             269

TABLE 207            TOTALENERGIES: DEALS              269

TABLE 208            TOTALENERGIES: OTHER DEVELOPMENTS                 270

TABLE 209            WORLD ENERGY, LLC: COMPANY OVERVIEW                 272

TABLE 210            WORLD ENERGY, LLC: PRODUCTS/SOLUTIONS OFFERED             272

TABLE 211            WORLD ENERGY, LLC: DEALS    273

TABLE 212            ENI: COMPANY OVERVIEW          275

TABLE 213            ENI: PRODUCTS/SOLUTIONS OFFERED 276

TABLE 214            ENI: DEALS         277

TABLE 215            ENI: OTHER DEVELOPMENTS    277

TABLE 216            OMV AKTIENGESELLSCHAFT: COMPANY OVERVIEW          279

TABLE 217            OMV AKTIENGESELLSCHAFT: PRODUCTS/SOLUTIONS OFFERED          280

TABLE 218            OMV AKTIENGESELLSCHAFT: DEALS     281

TABLE 219            OMV AKTIENGESELLSCHAFT: OTHER DEVELOPMENTS              281

TABLE 220            SHELL: COMPANY OVERVIEW    284

TABLE 221            SHELL: PRODUCTS/SOLUTIONS OFFERED                 285

TABLE 222            SHELL: DEALS   286

TABLE 223            LANZATECH: COMPANY OVERVIEW       288

TABLE 224            LANZATECH: PRODUCTS/SOLUTIONS OFFERED             289

TABLE 225            LANZATECH: DEALS       290

TABLE 226            GEVO: COMPANY OVERVIEW     292

TABLE 227            GEVO: PRODUCTS/SOLUTIONS OFFERED                 293

TABLE 228            GEVO: DEALS    293

TABLE 229            VELOCYS PLC: COMPANY OVERVIEW     295

TABLE 230            VELOCYS PLC: PRODUCTS/SOLUTIONS OFFERED             295

TABLE 231            VELOCYS PLC: DEALS    296

TABLE 232            NORTHWEST ADVANCED BIO-FUELS, LLC: COMPANY OVERVIEW   297

TABLE 233            NORTHWEST ADVANCED BIO-FUELS, LLC: PRODUCTS/SOLUTIONS OFFERED          297

TABLE 234            NORTHWEST ADVANCED BIO-FUELS, LLC: DEALS  297

TABLE 235            NORTHWEST ADVANCED BIO-FUELS, LLC: OTHER DEVELOPMENTS              298

TABLE 236            SKYNRG B.V.: COMPANY OVERVIEW       299

TABLE 237            SKYNRG B.V.: PRODUCTS/SOLUTIONS OFFERED             299

TABLE 238            SKYNRG B.V.: DEALS       300

TABLE 239            TOPSOE A/S: COMPANY OVERVIEW        301

TABLE 240            TOPSOE A/S: PRODUCTS/SOLUTIONS OFFERED                 301

TABLE 241            TOPSOE A/S: DEALS       302

TABLE 242            AEMETIS, INC.: COMPANY OVERVIEW    304

TABLE 243            AEMETIS, INC.: PRODUCTS/SOLUTIONS OFFERED             304

TABLE 244            AEMETIS, INC.: DEALS   305

TABLE 245            WORLD KINECT CORPORATION: COMPANY OVERVIEW          307

TABLE 246            WORLD KINECT CORPORATION: PRODUCTS/SOLUTIONS OFFERED          308

TABLE 247            WORLD KINECT CORPORATION: DEALS                 308

TABLE 248            WORLD KINECT CORPORATION: OTHER DEVELOPMENTS              309

TABLE 249            PHILLIPS 66 COMPANY: COMPANY OVERVIEW                 310

TABLE 250            PHILLIPS 66 COMPANY: PRODUCTS/SOLUTIONS OFFERED          311

TABLE 251            PHILLIPS 66 COMPANY: DEALS 311

TABLE 252            PHILLIPS 66 COMPANY: OTHER DEVELOPMENTS              311

TABLE 253            ALDER ENERGY, LLC: COMPANY OVERVIEW                 312

TABLE 254            ALDER ENERGY, LLC: PRODUCTS/SOLUTIONS OFFERED             312

TABLE 255            ALDER ENERGY, LLC: DEALS      313

TABLE 256            ALDER ENERGY, LLC: OTHER DEVELOPMENTS                 313

TABLE 257            MOEVE: COMPANY OVERVIEW 314

TABLE 258            MOEVE: PRODUCTS/SOLUTIONS OFFERED                 314

TABLE 259            MOEVE: DEALS 314

TABLE 260            MOEVE: OTHER DEVELOPMENTS            315

TABLE 261            PREEM AB: COMPANY OVERVIEW            316

TABLE 262            PREEM AB: PRODUCTS/SOLUTIONS OFFERED                 316

TABLE 263            PREEM AB: DEALS            317

TABLE 264            PREEM AB: OTHER DEVELOPMENTS      317

TABLE 265            BP P.L.C.: COMPANY OVERVIEW                318

TABLE 266            BP P.L.C.: PRODUCTS/SOLUTIONS OFFERED                 319

TABLE 267            BP P.L.C.: DEALS               319

TABLE 268            BP P.L.C.: OTHER DEVELOPMENTS         320

TABLE 269            REPSOL: COMPANY OVERVIEW 321

TABLE 270            REPSOL: PRODUCTS/SOLUTIONS OFFERED                 322

TABLE 271            REPSOL: DEALS 322

LIST OF FIGURES

FIGURE 1              RESEARCH FLOW             34

FIGURE 2              RESEARCH DESIGN         35

FIGURE 3              BOTTOM-UP APPROACH              40

FIGURE 4              TOP-DOWN APPROACH                40

FIGURE 5              DATA TRIANGULATION                41

FIGURE 6              BIOFUEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         44

FIGURE 7              COMMERCIAL AVIATION SEGMENT TO LEAD MARKET IN 2025                45

FIGURE 8              AIRLINER SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2025                45

FIGURE 9              NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2025   46

FIGURE 10            INCREASING ADVANCEMENTS IN SAF TECHNOLOGIES TO DRIVE MARKET      47

FIGURE 11            AIRLINER SEGMENT TO LEAD MARKET IN 2025                 47

FIGURE 12            COMMERCIAL AVIATION SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2025                48

FIGURE 13            BIOFUEL SEGMENT TO LEAD MARKET IN 2025                 48

FIGURE 14            CANADA TO ACHIEVE HIGHEST CAGR DURING FORECAST PERIOD         49

FIGURE 15            SUSTAINABLE AVIATION FUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 50

FIGURE 16            LIFECYCLE GREENHOUSE EMISSIONS BY SAFS IN GREET             52

FIGURE 17            COMPARISON BETWEEN SUPPLY OF AND DEMAND FOR SAF, 2020–2040 (MMT)       56

FIGURE 18            CO2 EMISSIONS ACROSS DIFFERENT AVIATION FUELS   57

FIGURE 19            CARBON FOOTPRINT OF GLOBAL AVIATION INDUSTRY ACROSS FOUR SCENARIOS, 2011–2040 (MMT)                 58

FIGURE 20            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   61

FIGURE 21            ECOSYSTEM ANALYSIS  62

FIGURE 22            IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      70

FIGURE 23            EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      71

FIGURE 24            SAF PRODUCTION VOLUME, 2015–2024 (MILLION LITERS)           80

FIGURE 25            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                82

FIGURE 26            KEY BUYING CRITERIA, BY END USER    83

FIGURE 27            VIRENT’S BIOFORMING PROCESS FLOWCHART                 86

FIGURE 28            AVERAGE SELLING PRICE, BY BIOFUEL CONVERSION PATHWAY,

2021–2024 (USD/GALLON)            88

FIGURE 29            AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024 (USD/GALLON)            90

FIGURE 30            VOLUME AND PRICE OF JET FUEL AND SAF, 2021–2030              92

FIGURE 31            INVESTMENT AND FUNDING SCENARIO, 2021–2024 (USD MILLION)       94

FIGURE 32            IMPACT OF AI/GEN AI   95

FIGURE 33            TOTAL COST OF OWNERSHIP (TCO) OF SAF                 98

FIGURE 34            COMPARISON BETWEEN TCO OF SUSTAINABLE AVIATION FUEL TYPES 99

FIGURE 35            BUSINESS MODELS         99

FIGURE 36            EVOLUTION OF TECHNOLOGY 101

FIGURE 37            TECHNOLOGY ROADMAP (2020–2035)    101

FIGURE 38            ETHANOL-TO-JET (ETJ) TECHNOLOGY 103

FIGURE 39            ADVANCED GASIFICATION         103

FIGURE 40            FT UNICRACKING            104

FIGURE 41            SUPPLY CHAIN ANALYSIS             108

FIGURE 42            DETAILED ILLUSTRATION OF SAF SUPPLY CHAIN  109

FIGURE 43            TOP TEN PATENT APPLICANTS, 2015–2025                 111

FIGURE 44            HYDROPROCESSED ESTERS AND FATTY ACIDS (HEFA) SEGMENT TO LEAD MARKET DURING FORECAST PERIOD                113

FIGURE 45            FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK) BIOFUEL CONVERSION PATHWAY: SNAPSHOT          116

FIGURE 46            FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS

(FT-SPK/A) BIOFUEL CONVERSION PATHWAY: SNAPSHOT                 117

FIGURE 47            HYDROPROCESSED ESTERS AND FATTY ACIDS – SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK) BIOFUEL CONVERSION PATHWAY: SNAPSHOT     119

FIGURE 48            HIGH-HYDROGEN CONTENT SYNTHETIC PARAFFINIC KEROSENE (HHC-SPK) BIOFUEL CONVERSION PATHWAY: SNAPSHOT  120

FIGURE 49            SYNTHETIC ISO-PARAFFIN FROM FERMENTED HYDROPROCESSED SUGAR (SIP) BIOFUEL CONVERSION PATHWAY: SNAPSHOT  121

FIGURE 50            ALCOHOL-TO-JET SYNTHETIC PARAFFINIC KEROSENE (ATJ-SPK) BIOFUEL CONVERSION PATHWAY: SNAPSHOT          122

FIGURE 51            ALCOHOL-TO-JET SYNTHETIC KEROSENE WITH AROMATICS (ATJ-SKA) BIOFUEL CONVERSION PATHWAY: SNAPSHOT  123

FIGURE 52            CATALYTIC HYDROTHERMOLYSIS JET (CHJ) BIOFUEL CONVERSION PATHWAY: SNAPSHOT  124

FIGURE 53            BELOW 30% SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       127

FIGURE 54            AIRLINER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         131

FIGURE 55            BIOFUEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         135

FIGURE 56            COMMERCIAL AVIATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    139

FIGURE 57            SUSTAINABLE AVIATION FUEL MARKET: REGIONAL SNAPSHOT  146

FIGURE 58            SUSTAINABLE AVIATION FUEL MARKET: SAF INITIATIVES AND MANDATES

(BY COUNTRY) 148

FIGURE 59            NORTH AMERICA: SAF OFFTAKE AGREEMENTS, 2021–2024 (MILLION LITERS)       149

FIGURE 60            NORTH AMERICA: KEY SAF PRODUCERS, FUNDING AGENCIES, KEY SAF PATHWAYS, AND RAW MATERIALS INVOLVED 151

FIGURE 61            NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT           153

FIGURE 62            ASIA PACIFIC: SAF OFFTAKE AGREEMENTS, 2021–2024 (MILLION LITERS)       160

FIGURE 63            ASIA PACIFIC: KEY SAF PRODUCERS, FUNDING AGENCIES, KEY SAF PATHWAYS, AND RAW MATERIALS INVOLVED          162

FIGURE 64            ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT       164

FIGURE 65            EUROPE: SAF OFFTAKE AGREEMENTS, 2021–2024 (MILLION LITERS) 180

FIGURE 66            EUROPE: KEY SAF PRODUCERS, FUNDING AGENCIES, KEY SAF PATHWAYS,

AND RAW MATERIALS INVOLVED            182

FIGURE 67            EUROPE: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT       184

FIGURE 68            MIDDLE EAST: SAF OFFTAKE AGREEMENTS, 2021–2024 (MILLION LITERS)       198

FIGURE 69            MIDDLE EAST: KEY SAF PRODUCERS, FUNDING AGENCIES, KEY SAF PATHWAYS, AND RAW MATERIALS INVOLVED          199

FIGURE 70            MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT       202

FIGURE 71            LATIN AMERICA: SAF OFFTAKE AGREEMENTS, 2021–2024 (MILLION LITERS)       211

FIGURE 72            LATIN AMERICA: KEY SAF PRODUCERS, FUNDING AGENCIES, KEY SAF PATHWAYS, AND RAW MATERIALS INVOLVED 212

FIGURE 73            LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT       214

FIGURE 74            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024 (USD MILLION)            224

FIGURE 75            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        225

FIGURE 76            SUSTAINABLE AVIATION FUEL MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       228

FIGURE 77            COMPANY FOOTPRINT 229

FIGURE 78            SUSTAINABLE AVIATION FUEL MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 235

FIGURE 79            FINANCIAL METRICS, 2025            239

FIGURE 80           VALUATION OF PROMINENT MARKET PLAYERS, 2025 (USD BILLION)        239

FIGURE 81            BRAND/PRODUCT COMPARISON             240

FIGURE 82            NESTE: COMPANY SNAPSHOT   264

FIGURE 83            TOTALENERGIES: COMPANY SNAPSHOT                 268

FIGURE 84            ENI: COMPANY SNAPSHOT          276

FIGURE 85            OMV AKTIENGESELLSCHAFT: COMPANY SNAPSHOT          280

FIGURE 86            SHELL: COMPANY SNAPSHOT   285

FIGURE 87            LANZATECH: COMPANY SNAPSHOT       288

FIGURE 88            GEVO: COMPANY SNAPSHOT     292

FIGURE 89            WORLD KINECT CORPORATION: COMPANY SNAPSHOT          307

FIGURE 90            PHILLIPS 66 COMPANY: COMPANY SNAPSHOT                 310

FIGURE 91            BP P.L.C.: COMPANY SNAPSHOT               318

FIGURE 92            REPSOL: COMPANY SNAPSHOT 321