The global sustainable aviation fuel market is projected to expand at a high CAGR during the forecast period, between 2020 and 2027. Governments around the globe are encouraging the use of sustainable aviation fuel to reduce the emission of harmful gases, which in turn, is driving the growth of the global sustainable aviation fuel market.

The aviation industry has always been keen on reducing the carbon footprint. The industry is researching of novel ways of attaining a sustainable environment, while meeting strict emission related standards. A few alternatives to the conventional fuel are being used by stakeholders in the industry to achieve these goals are such as engine design modifications for aero-engine efficiency, all electric or hybrid electric aircrafts, and renewable jet fuels. Nevertheless, out of all the solution adoption of renewable jet fuel or sustainable aviation fuel is considered to be an efficient alternative. Fuels including synthetic fuels, e-fuels, hydrogen fuels, green jet fuels, and bio-jet fuel are included in the list of sustainable fuels. These fuels are feasible solution considering socio and economic benefits they provide as compared to other alternatives.

Market Trends, Drivers, Restraints and Opportunities
• Growing need to reduce greenhouse gases (GHG) emission in the aviation industry is driving the demand for sustainable aviation fuels.
• Insufficient availability of feedstock and refineries to meet sustainable aviation fuel production demand is restraining the market.
• Ability of sustainable aviation fuels to reduce the carbon footprint is expected to boost the demand and create lucrative opportunities in the sustainable aviation fuel market.

Scope of the Report
The report on sustainable aviation fuel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

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Sustainable Aviation Fuel Market Segment Insights:
Biofuel segment to hold significant market share
In the terms of fuel types, the sustainable aviation fuel market can be segmented into biofuel, hydrogen fuel, and power to liquid. The biofuel segment is projected to grow at a significant pace during the forecast period due its ability to reduce CHG emission at a significant rate, thus having a positive effect on the environment.

Hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA SPK)segment constitutes substantial market share
Based on fuel manufacturing technology, the market is fragmented into fischertropsch synthetic paraffinic kerosene (FT-SPK), hydroprocessed esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK), synthetic iso-paraffin from fermented hydro processed sugar (HFS-SIP), fischertropsch (FT) synthetic paraffinic kerosene with aromatics (FT-SPK/A), alcohol to jet SPK (ATJ-SPK), and catalytic hydrothermolysis jet (CHJ). The hydroprocessed esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment holds significant market share and is projected to expand at rapid pace during the forecast period.

30% to 50%segment to grow during the forecast period
On the basis of fuel blending capacity, the sustainable aviation fuel market can be segregated into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is expected to hold a significant share of the market during the forecast period. The adequate blend volume and the compatibility of the fuel to be used in the existing fuel systems are driving the demand for sustainable aviation fuels with 30% to 50% blending capacity.

Commercial aviationsegment to expand during the forecast period
In terms of the platform, the market is classified ascommercial aviation, narrow-body aircraft (NBA), wide-body aircraft (WBA), very large aircraft (VLA), regional transport aircraft (RTA), military aviation, business & general aviation, unmanned aerial vehicles (UAVS). Furthermore, military aviation is sub-segmented as fighter jets, transport aircraft, and military helicopters.The business & general aviation segment is further categorized asbusiness jets, commercial helicopters, and ultra-light & light aircraft. The unmanned aerial vehicles (UAVS) segment is classified as commercial unmanned aerial vehicles, military unmanned aerial vehicles. The commercial aviation segment holds a significant share of the marketdue to the surge in the commercial aircraft fleet of developing economies.

North America dominates the global market
In terms of regions, the global sustainable aviation fuel market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Countries such as the US and Canada are focused on various initiatives to utilize the renewable aviation fuel to meet to the need to reduce carbon footprints due to increasing air traffic and air passengers; therefore, the North America dominates the global market. Additionally, with supportive policies and initiatives to decarbonize aviation emissions, the demand for sustainable aviation fuel is projected to be high in North America. Initiatives taken to encourage the use of sustainable aviation fuel in North America is fueling the growth of sustainable aviation fuel market in the region.

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