The Growing Demand for Sustainable Aviation Fuel Market and Analysis during 2023-2030
Major airlines and aviation stakeholders have recognized the importance of sustainability and are committed to reducing their environmental impact. Many airlines have set ambitious carbon-neutral and net-zero emissions goals, encouraging the adoption of SAF to achieve these targets. As companies prioritize sustainable practices, the demand for SAF continues to grow.
The Sustainable Aviation Fuel Market was estimated at US$ 460.1 million in 2022, and from 2023 to 2030, it is projected to increase at a compound annual growth rate (CAGR) of 61%. The pressing need to reduce the aviation industry's carbon footprint has led to a surge in demand for sustainable aviation fuel. Governments and international organizations have implemented stringent regulations and emissions reduction targets, compelling airlines to seek sustainable alternatives actively.
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