SAF Market Worth $131.12 Billion by 2033

Aviation Week Network

The sustainable aviation fuel (SAF) market is on track to be worth $131.12 billion by 2033, more than a 100-fold increase from $1.29 billion in 2023, according to a new report from Ireland’s Research and Markets.

The increase will correspond to a compound annual growth rate (CAGR) of 58.78%.

The report finds the commercial aviation sector leads the demand for SAF, currently holding a significant 78.64% share. The volatile nature of jet fuel prices is the driving force for this, prompting airlines to seek more sustainable alternatives.