Sustainable Aviation Fuel Market Projected to Reach $84.5 Billion by 2035 Amid Industry-Wide Decarbonization Push
The global market for Sustainable Aviation Fuel (SAF) is forecast to reach US$84.5 billion by 2035, according to a new report by S&P Global Commodity Insights. This significant growth is driven by the aviation industry's urgent push towards decarbonization and achieving net-zero emissions targets. Despite the optimistic valuation, a critical scarcity issue persists, with current SAF production accounting for less than 1% of global jet fuel consumption. This shortage is fueling intense competition among airlines to secure long-term procurement contracts. The report highlights that scaling up production through diverse feedstocks and pathways is essential to meet future demand.
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