As cited by the research report titled ‘Global Sustainable Aviation Fuel Market Size study, by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Biofuel Manufacturing Technology (Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), Catalytic Hydrothermolysis Jet (CHJ)), Biofuel Blending Capacity (below 30%, 30% to 50%, above 50%), Platform (Commercial Aviation, Military Aviation, Business & General Aviation, Unmanned Aerial Vehicle) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global sustainable aviation fuelmarket was valued at USD 66 million in 2020 and is estimated to expand at a CAGR of 72.4% over 2021-2027, further reaching USD 2987.5 million in valuation by the end of study duration.
 

With rising environmental cognizance, the aviation sector is looking for ways to minimize carbon footprints and GHG emissions, such as, hybrid-electric, renewable jet fuels and all-electric aircraft, and improving aero-engine efficiency through design changes. This could act as a major growth stimulant for global sustainable aviation fuel market growth.
 

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Adoption of sustainable aviation fuels such as synthetic fuels, e-fuels, bio jet fuels, green jet fuels, and hydrogen fuels, when compared to other solutions, is one of the most practical alternative solutions in terms of socio-economic benefits and contributes considerably to mitigate current and future aviation environmental impacts.
 

Furthermore, as air travel grows, airlines across the aviation sector are expanding their commercial fleets, which in turn is contributing towards global sustainable aviation fuel industry remuneration.
 

The geographical analysis of the industry includes regions like Asia Pacific, Europe, North America, and Latin America. North America is anticipated to showcase lucrative growth throughout the study period, as countries such as the United States. and Canada emphasizing on several programs to make use of renewable aviation.
 

 In addition, North American is witnessing strong demand for sustainable aviation fuel due to favorable regulations and measures to reduce aviation emissions.
 

Major players profiled in the global sustainable aviation fuel industry are S.G. Preston Company, Red Rock Biofuels LLC, Velocys plc, Fulcrum BioEnergy Inc., Aemetis Inc.,  SkyNRG BV, World Energy LLC, Eni S.p.A., Gevo Inc., and Neste Oyj.