Study shows global SAF markets would move $402 billion by 2050

In Delaware, market research firm Transparency Market Research reported that the global sustainable aviation fuel market size was worth $186.6 million in 2021 and is projected to reach $402 billion by 2050. The global SAF market is likely to grow at a CAGR of 26.2% during the forecast period, from 2022 to 2050, according to the research firm. “Increasing use of sustainable fuel in the aviation industry is anticipated to drive market growth in the near future. Utilization of sustainable aviation fuel aids in the reduction of CO2 emissions. It is anticipated that use of sustainable fuels would increase as several governments are pushing sustainable growth in different industry verticals.” “Europe held a substantial 56.2% share of the global market in 2021, and is anticipated to expand at a significant rate during the forecast period. Increasing implementation of rigorous energy regulations is expected to encourage Europe’s aviation industry to use sustainable fuels,” the research firm added.

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