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Sustainable Aviation Fuel Market size is expected to reach USD 56.8 billion by 2032. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.
Market to Hit USD 56.8 Bn by 2032
Sustainable Aviation Fuel Market size was valued at USD 1.7 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 55% from 2025-2032, reaching USD 56.8 billion by 2032. In 2024, Sustainable Aviation Fuel Market Size was valued at approximately USD 0.81 billion in North America and its Market share is 44%. Also, in Europe held a market share of 35% in the same year, equating to revenues of USD 0.46 billion in 2024.
Leading market Players Fueling Industry Evolution
In 2024, the Aemetis is valued at approximately USD 291.4 million while Calumet Specialty Products Partners, L.P. (USA) is valued at USD 4.2 billion and Infinium (USA) is valued at USD 129.1 million respectively in Sustainable Aviation Fuel Market.
Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK) is dominated by Production Technology Type segment in terms of value, in 2024
This Fischer-Tropsch Synthetic Paraffinic Kerosene (FT-SPK) sector dominates the Sustainable Aviation Fuel Market which plays an important role in the permanent aviation fuel (SAF) industry by changing various feedstock in natural gas, coal, biomass, municipal solid waste, and synthetic aviation fuel.
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Commercial Aviation (Airlines, Cargo Carriers) is dominated by Application segment in terms of value, in 2024
This Commercial Aviation (Airlines, Cargo Carriers) sector dominates the Sustainable Aviation Fuel Market which the largest revenue share in the commercial sector was more than 30.0%. The demand for permanent aviation fuel (SAF) in commercial aviation is continuously increasing due to environmental concerns, regulatory requirements, and a mixture of industry-led stability efforts.
North America is estimated to be the largest dominating region in terms of value, during the forecast period
This is the largest region in Sustainable Aviation Fuel Market which the valued at approximately USD 0.81 billion in North America and its Market share of 44% in 2024. America and Canada are actively investing in renewable aviation fuel projects, supported by favorable policies and stability initiatives.
Europe is estimated to be the Second-largest dominating region in terms of value, during the forecast period
This is the Second-largest region in Sustainable Aviation Fuel Market which the valued at approximately USD 0.46 billion in North America and its Market share of 35% in 2024. Europe has seen significant investments from major airlines and companies in the SAF sector.
Sustainable Aviation Fuel Market Competitive Landscape
Aemetis: By using strategic efforts, Aemetis is actively increasing its footprint in the SAF market. By 2025, the business intends to generate 90 million gallons of renewable diesel (RD), SAF, and other fuels after purchasing a former military station in Riverbank, California. In 2024, this business will generate USD 291.4 million in revenue.
Calumet Specialty Products Partners: A major milestone in SAF production took place in October 2024 when the U.S. Department of Energy made a conditional commitment of $1.44 billion to Calumet’s Montana Renewables. In 2024, its revenue was estimated to total USD 4.2 billion.
Infinium: As of April 2025, Infinium continues to advance its SAF production capabilities, focusing on expanding its technology and partnerships to meet the growing demand for sustainable aviation fuels. This company earned revenue at USD 129.1 million in 2024.
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Emerging Trends in the Sustainable Aviation Fuel Market
- Aemetis is increasing its SAF capabilities by using agricultural waste and non-food biomass to make low-carbon fuels, as well as forming new relationships with major airlines such as Delta and Qantas for long-term SAF offtake.
- Calumet is leading with full-scale operations at the Montana Renewables facility, which focuses on renewable diesel and SAF from low-cost feedstocks such as waste oils and animal fats, with major government backing.
- Meanwhile, Infinium is transforming the SAF market with its proprietary electrofuels technology, which collects CO2 and blends it with renewable hydrogen to produce low-carbon fuels.
Conclusion
- The Sustainable Aviation Fuel (SAF) market is set for substantial growth, with a projected CAGR of 55% from 2025 to 2032, driven by rising demand for eco-friendly aviation solutions and regulatory pressures to reduce emissions.
- Companies like Aemetis, Calumet Specialty Products, and Infinium are playing pivotal roles in shaping the future of the industry through technological innovations and strategic partnerships.
- Aemetis is focusing on utilizing agricultural waste, Calumet is leveraging waste oils at its Montana Renewables facility, and Infinium is advancing with electrofuels technology.
- With North America and Europe leading the charge, these companies are well-positioned to meet the growing demand for SAF, making significant contributions to the decarbonization of aviation and achieving global sustainability targets.
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