APAC SAF market to expand at CAGR of 59% in 2023-2033, study finds
In Ireland, Research and Markets reported that the Asia-Pacific sustainable aviation fuel market is estimated to reach $39.23 billion by 2033 from $380 million in 2023. According to the research, the SAF market in the region is forecast to expand at a CAGR of 58.99% during the forecast period 2023-2033. “Growth in the sector is propelled by state-of-the-art technology and collaborations, leading to increased production capacity for SAF enhanced efficiency in supply chain management, and lowered costs,” the report stated. “The APAC SAF market is experiencing notable growth, driven by the convergence of cutting-edge technologies and strategic partnerships. These developments are enhancing SAF manufacturing capabilities, streamlining supply chain logistics, and driving down production costs.”
Category: SAF
