Summary

The sustainable aviation fuel market is projected to grow from USD 4.86 billion in 2026 to USD 31.45 billion by 2031 at a CAGR of 45.3% during the forecast period. The market is growing rapidly, owing to initiatives by the aviation industry to reduce carbon emissions and achieve sustainability targets. A major trend in the market is the growing uptake of renewable aviation fuels by commercial airlines and airport operators. A combination of mandates, incentives, and emission reduction policies is helping governments and regulators push the market forward. Fuel producers are investing in advanced feedstock technologies and refinery upgrades to increase the efficiency of production and the availability of fuel. Airlines, fuel producers, and airport operators are working together, which is helping to speed up the use of sustainable aviation fuel in aviation operations. “By biofuel blending capacity, the above 30% segment is projected to grow at the highest CAGR during [SC1.1]the forecast period.” The above 30% blending capacity segment is growing in tandem with the airlines’ increasing efforts to reduce carbon emissions at a higher level. Aviation companies are also focusing more on sustainability goals. Governments and aviation authorities are supporting higher sustainable aviation fuel blending levels through changing fuel regulations. Fuel producers are investing in advanced blending technologies to support higher SAF usage. The growing availability of certified sustainable aviation fuel is also supporting the adoption of higher blending ratios across commercial aviation operations. "By platform, the military aircraft segment is projected to grow at the highest CAGR during the forecast [SC2.1]period.” The military aircraft segment is witnessing growth as defense aviation strives to reduce fuel emissions. The governments of many countries are testing sustainable aviation fuel for military aircraft use. Military upgrade programs are also pushing cleaner fuel use across defense aviation operations. Modernization programs are further supporting sustainable aviation fuel adoption across military aircraft operations. “North America captured the largest market share in 2025.” The North American sustainable aviation fuel market captured the largest market share in 2025 due to strong [SC3.1]government support for renewable aviation fuel adoption. Airlines and aviation companies are increasing sustainable aviation fuel procurement to reduce carbon emissions from flight operations. The presence of major fuel producers, along with long-term supply agreements, is also supporting sustainable aviation fuel adoption across commercial aviation operations. The breakdown of profiles for primary participants in the sustainable aviation fuel market is provided below: ・ By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20% ・ By Designation: C Level – 35%, Director Level – 25%, and Others – 40% ・ By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Middle East – 10%, and Rest of the World (RoW) – 5% Research Coverage: This market study examines the sustainable aviation fuel market across various segments and subsegments. It aims to estimate the market's size and growth potential in different regions. The study also provides a detailed competitive analysis of key market players, including their company profiles, product offerings, recent developments, and strategic market initiatives. Reasons to Buy This Report: The report will assist market leaders and new entrants with estimates of the revenue figures for the overall sustainable aviation fuel market. It will also enable stakeholders to understand the competitive landscape better and gain insights to position their businesses more effectively and develop appropriate go-to-market strategies. Additionally, the report will help stakeholders understand the market dynamics and provide information on key market drivers, restraints, challenges, and opportunities. The report provides insights into the following pointers: ・ Market Drivers (Rising focus on aviation carbon emission reduction), Restraints (High cost of SAF production), Opportunities (Expansion of renewable fuel production facilities), Challenges (Limited feedstock availability for fuel production) ・ Market Penetration: Comprehensive information on the sustainable aviation fuel market offered by the top players in the market ・ Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product launches in the market ・ Market Development: Comprehensive information about lucrative markets across varied regions ・ Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market ・ Competitive Assessment: In-depth assessment of market share, growth strategies, products, and manufacturing capabilities of leading players in the sustainable aviation fuel market

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Table of Contents

1 INTRODUCTION 33 1.1 STUDY OBJECTIVES 33 1.2 MARKET DEFINITION 33 1.3 STUDY SCOPE 34 1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE 34 1.3.2 INCLUSIONS AND EXCLUSIONS 34 1.3.3 YEARS CONSIDERED 35 1.4 CURRENCY CONSIDERED 36 1.5 STAKEHOLDERS 36 1.6 SUMMARY OF CHANGES 37 2 EXECUTIVE SUMMARY 38 2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 38 2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 39 2.3 DISRUPTIVE TRENDS SHAPING MARKET 40 2.4 HIGH-GROWTH SEGMENTS 41 2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 42 3 PREMIUM INSIGHTS 43 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUSTAINABLE AVIATION FUEL MARKET 43 3.2 SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY 44 3.3 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM 44 3.4 SUSTAINABLE AVIATION FUEL MARKET, BY BLENDING CAPACITY 45 3.5 SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE 45 4 MARKET OVERVIEW 46 4.1 INTRODUCTION 46 4.2 MARKET DYNAMICS 47 4.2.1 DRIVERS 47 4.2.1.1 Focus on reducing aviation carbon emissions and achieving long-term decarbonization targets 47 4.2.1.2 Government support through blending mandates and emission reduction policies 48 4.2.1.3 Investments in production capacity expansion and commercialization infrastructure 50 4.2.2 RESTRAINTS 50 4.2.2.1 High cost of fuel production compared with conventional jet fuel 50 4.2.2.2 Limited fuel production capacity in emerging economies 51   4.2.3 OPPORTUNITIES 52 4.2.3.1 Expansion of renewable fuel production facilities 52 4.2.3.2 Long-term fuel supply agreements 53 4.2.3.3 Commercialization of advanced production pathways 53 4.2.4 CHALLENGES 54 4.2.4.1 Limited feedstock availability 54 4.2.4.2 Supply chain constraints 54 4.3 UNMET NEEDS AND WHITE SPACES 55 4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 56 4.4.1 RENEWABLE ENERGY, CARBON MANAGEMENT, AND AVIATION DECARBONIZATION ECOSYSTEMS 56 4.4.2 AIRPORT INFRASTRUCTURE, FUEL LOGISTICS, AND AVIATION OPERATIONS 57 4.4.3 AGRICULTURE, WASTE MANAGEMENT, AND CIRCULAR ECONOMY ECOSYSTEMS 57 4.5 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 57 5 INDUSTRY TRENDS 59 5.1 MACROECONOMIC OUTLOOK 59 5.1.1 GDP TRENDS AND FORECAST 59 5.1.2 TRENDS IN GLOBAL AVIATION FUEL INDUSTRY 61 5.1.3 TRENDS IN GLOBAL SUSTAINABLE AVIATION FUEL INDUSTRY 61 5.2 VALUE CHAIN ANALYSIS 61 5.3 ECOSYSTEM ANALYSIS 64 5.4 INVESTMENT AND FUNDING SCENARIO 66 5.5 PRICING ANALYSIS 67 5.5.1 AVERAGE SELLING PRICE TREND, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 67 5.5.2 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2025 68 5.6 COMPARISON BETWEEN JET FUEL AND SUSTAINABLE AVIATION FUEL 69 5.6.1 VOLUME AND PRICE 70 5.6.2 FUEL CONSUMPTION AND EMISSION 71 5.6.3 OPERATIONAL COST AND EFFICIENCY 71 5.6.4 INFRASTRUCTURE REQUIREMENT 71 5.7 TRADE ANALYSIS 72 5.7.1 IMPORT SCENARIO (HS CODE 3826) 72 5.7.2 EXPORT SCENARIO (HS CODE 3826) 74 5.8 KEY CONFERENCE AND EVENTS, 2026–2027 75 5.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 76   5.10 CASE STUDY ANALYSIS 77 5.10.1 DELTA AIR LINES PARTNERED WITH NESTE FOR LONG-TERM SUSTAINABLE AVIATION FUEL SUPPLY 77 5.10.2 LANZAJET DEVELOPED AND COMMERCIALIZED ATJ TECHNOLOGY FOR SUSTAINABLE AVIATION FUEL 77 5.10.3 AIR NEW ZEALAND SIGNED AGREEMENT WITH NESTE FOR SUSTAINABLE AVIATION FUEL PROCUREMENT 78 5.10.4 UNITED AIRLINES PARTNERED WITH FULCRUM BIOENERGY FOR WASTE-TO-SUSTAINABLE AVIATION FUEL DEVELOPMENT 78 5.11 IMPACT OF 2025 US TARIFF 79 5.11.1 KEY TARIFF RATES 79 5.11.2 PRICE IMPACT ANALYSIS 80 5.11.3 IMPACT ON COUNTRY/REGION 80 5.11.3.1 US 80 5.11.3.2 Europe 80 5.11.3.3 Asia Pacific 81 5.11.4 IMPACT ON END USER 81 5.11.4.1 Commercial aviation 81 5.11.4.2 Cargo aviation 82 6 CUSTOMER LANDSCAPE AND BUYER BEHAVIOR 83 6.1 DECISION-MAKING PROCESS 83 6.2 KEY STAKEHOLDERS IN BUYING PROCESS AND THEIR EVALUATION CRITERIA 84 6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 84 6.2.2 BUYING CRITERIA 85 6.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES 86 6.4 UNMET NEEDS OF END USERS 88 6.4.1 SCALABLE AND COST-EFFICIENT SUSTAINABLE AVIATION FUEL PRODUCTION 88 6.4.2 ENHANCED FEEDSTOCK FLEXIBILITY AND SUPPLY CHAIN STABILITY 88 6.4.3 RAPID COMMERCIALIZATION AND INFRASTRUCTURE DEVELOPMENT 88 7 REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES 89 7.1 REGIONAL REGULATIONS AND COMPLIANCE 89 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89 7.1.2 INDUSTRY STANDARDS 92 7.2 SUSTAINABILITY INITIATIVES 94 7.2.1 ECO-APPLICATIONS 95 7.3 IMPACT OF SUSTAINABILITY ON REGULATORY POLICIES 96 7.3.1 IMPACT ON SUSTAINABLE AVIATION FUEL MARKET 96 7.3.2 REGULATORY POLICIES DRIVING SUSTAINABLE AVIATION FUEL MARKET 97 7.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 99 8 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 101 8.1 KEY TECHNOLOGIES 101 8.1.1 POWER-TO-LIQUID (PTL) SYNTHETIC FUEL TECHNOLOGY 101 8.1.2 CARBON CAPTURE AND UTILIZATION (CCU) 101 8.1.3 GREEN HYDROGEN-BASED AVIATION FUEL PRODUCTION 101 8.2 COMPLEMENTARY TECHNOLOGIES 102 8.2.1 ADVANCED FEEDSTOCK PRETREATMENT TECHNOLOGY 102 8.2.2 DIGITAL PROCESS OPTIMIZATION AND AI-BASED REFINERY MANAGEMENT 102 8.3 ADJACENT TECHNOLOGIES 102 8.3.1 HYDROGEN AVIATION PROPULSION TECHNOLOGY 102 8.3.2 ELECTRIC AND HYBRID-ELECTRIC AIRCRAFT TECHNOLOGY 103 8.4 TECHNOLOGY/PRODUCT ROADMAP 103 8.5 TECHNOLOGY TRENDS 104 8.5.1 ETHANOL-TO-JET (ETJ) TECHNOLOGY 104 8.5.2 ADVANCED GASIFICATION 105 8.5.3 HYDROCRACKING TECHNOLOGY 105 8.5.4 UNICRACKING BY FISCHER-TROPSCH 105 8.5.5 FISCHER-TROPSCH CATALYST 106 8.5.6 SUSTAINABLE AVIATION FUEL-COMPATIBLE TURBINE GENERATOR 106 8.6 PATENT ANALYSIS 107 8.7 IMPACT OF AI/GEN AI 111 8.7.1 TOP USE CASES AND MARKET POTENTIAL 112 8.7.2 CASE STUDIES OF AI IMPLEMENTATION 112 8.7.3 INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS 113 8.7.4 CLIENTS’ READINESS TO ADOPT AI/GEN AI 114 8.8 FUTURE APPLICATIONS 114 9 IMPACT OF GEOPOLITICAL CONFLICTS ON SUSTAINABLE AVIATION FUEL MARKET 117 9.1 GEOPOLITICAL ENERGY SECURITY AND SHIFT TOWARD ALTERNATIVE AVIATION FUELS 117 9.1.1 REDUCTION OF DEPENDENCY ON CONVENTIONAL FOSSIL JET FUEL IMPORTS 117 9.1.2 ROLE OF SUSTAINABLE AVIATION FUEL IN ENHANCING NATIONAL ENERGY RESILIENCE 118 9.1.3 TRANSITION FROM OIL-DEPENDENT AVIATION TO DIVERSIFIED FUEL ECOSYSTEM 119 9.2 REGIONAL CONFLICT HOTSPOTS AND THEIR IMPACT ON SUSTAINABLE AVIATION FUEL SUPPLY CHAINS 120 9.2.1 EUROPE (RUSSIA-UKRAINE WAR AND ENERGY DIVERSIFICATION STRATEGIES) 120 9.2.2 MIDDLE EAST (OIL SUPPLY RISKS AND AVIATION FUEL PRICE VOLATILITY) 121 9.2.3 ASIA PACIFIC (CHINA-TAIWAN TENSIONS AND FEEDSTOCK SECURITY CONCERNS) 121 9.2.4 NORTH AMERICA (ENERGY INDEPENDENCE AND DEFENSE-DRIVEN INVESTMENTS) 122 9.3 ACCELERATION OF GOVERNMENT POLICIES, DEFENSE COLLABORATIONS, AND LOCALIZED PRODUCTION 123 9.3.1 STRATEGIC SUSTAINABLE AVIATION FUEL RESERVES AND DOMESTIC PRODUCTION INITIATIVES 123 9.3.2 GOVERNMENT SUBSIDIES, MANDATES, AND DEFENSE PROCUREMENT SUPPORT 124 9.3.3 LOCALIZATION OF FEEDSTOCK SOURCING AND REFINING INFRASTRUCTURE 124 9.4 SUPPLY CHAIN RECONFIGURATION AND FEEDSTOCK COMPETITION UNDER GEOPOLITICAL PRESSURES 126 9.4.1 DISRUPTION IN GLOBAL AGRICULTURAL AND WASTE-BASED FEEDSTOCK TRADE 126 9.4.2 COMPETITION BETWEEN FOOD, ENERGY, AND AVIATION FUEL APPLICATIONS 127 9.4.3 SUPPLY CHAIN DECOUPLING AND INVESTMENTS IN REGIONAL BIOREFINERIES 127 9.5 RISE OF DEFENSE, COMMERCIAL AVIATION, AND NET-ZERO ALIGNMENT FOR SUSTAINABLE AVIATION FUEL ADOPTION 128 9.5.1 MILITARY AVIATION DECARBONIZATION AND ENERGY RESILIENCE PROGRAMS 128 9.5.2 SUSTAINABLE AVIATION FUEL AS STRATEGIC TOOL FOR LONG-TERM CLIMATE AND ENERGY SECURITY GOALS 128 10 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY (MARKET SIZE & FORECAST TO 2031-USD MILLION) 131 10.1 INTRODUCTION 132 10.2 FISCHER-TROPSCH (FT) 133 10.2.1 ADVANCEMENTS IN GASIFICATION TECHNOLOGIES TO DRIVE MARKET 133 10.2.1.1 Use case: Bayou Fuels Project by Velocys 134 10.2.2 FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE (FT-SPK) 134 10.2.3 FISCHER-TROPSCH SYNTHETIC PARAFFINIC KEROSENE WITH AROMATICS (FT-SPK/A) 135 10.3 HYDROPROCESSED ESTERS & FATTY ACIDS (HEFA) 136 10.3.1 WIDE-SCALE AVAILABILITY OF LIPID-BASED FEEDSTOCKS TO DRIVE MARKET 136 10.3.1.1 Use case: Renewable aviation fuel production by Neste 136 10.3.2 HYDROPROCESSED ESTERS & FATTY ACIDS SYNTHETIC PARAFFINIC KEROSENE (HEFA-SPK) 137 10.3.3 HYDROPROCESSED ESTERS & FATTY ACIDS CO-PROCESSED SYNTHETIC PARAFFINIC KEROSENE (HC-HEFA-SPK) 138 10.3.4 HYDROPROCESSED FERMENTED SUGARS TO SYNTHETIC ISO-PARAFFINS (HFS-SIP) 138   10.4 ALCOHOL-TO-JET (ATJ) 139 10.4.1 GROWING INVESTMENTS IN BIOFUEL PRODUCTION FACILITIES TO DRIVE MARKET GROWTH 139 10.4.1.1 Use case: Freedom Pines Fuels facility by LanzaJet 139 10.4.2 ALCOHOL-TO-JET SYNTHETIC PARAFFINIC KEROSENE (ATJ-SPK) 140 10.4.3 ALCOHOL-TO-JET SYNTHETIC KEROSENE WITH AROMATICS (ATJ-SKA) 141 10.5 CATALYTIC HYDROTHERMOLYSIS JET (CHJ) 141 10.5.1 SURGE IN DEMAND FOR HIGH-YIELD SUSTAINABLE FUEL PRODUCTION AND FEEDSTOCK FLEXIBILITY TO DRIVE MARKET 141 10.5.1.1 Use case: ReadiJet sustainable aviation fuel by Applied Research Associates 142 10.6 CO-PROCESSING 142 10.6.1 INCREASED UTILIZATION OF EXISTING REFINERY INFRASTRUCTURE TO DRIVE MARKET 142 10.6.1.1 Use case: Renewable feedstock co-processing at Repsol Refineries 143 11 SUSTAINABLE AVIATION FUEL MARKET, BY BLENDING CAPACITY (MARKET SIZE & FORECAST TO 2031-USD MILLION) 144 11.1 INTRODUCTION 145 11.2 <10% 146 11.2.1 REGULATORY COMPLIANCE REQUIREMENTS AND EARLY-STAGE ADOPTION TO DRIVE MARKET 146 11.2.1.1 Use case: SAF Blending Program at Los Angeles International Airport 147 11.3 10–30% 147 11.3.1 RISING AIRLINE DECARBONIZATION COMMITMENTS TO DRIVE MARKET 147 11.3.1.1 Use case: SAF supply agreement between Neste and Lufthansa Group 148 11.4 >30% 148 11.4.1 INDUSTRY FOCUS ON DEEP DECARBONIZATION AND HIGHER UTILIZATION RATES TO DRIVE MARKET 148 11.4.1.1 Use case: 100% SAF demonstration flight by Airbus and Rolls-Royce 149 12 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE (MARKET SIZE & FORECAST TO 2031-USD MILLION) 150 12.1 INTRODUCTION 151 12.2 BIO-BASED 152 12.2.1 ONGOING AVIATION DECARBONIZATION EFFORTS AND EXPANDING RENEWABLE FEEDSTOCK UTILIZATION TO DRIVE MARKET 152 12.2.1.1 Use case: Renewable aviation fuel supply by Neste 152 12.3 HYDROGEN 153 12.3.1 EMPHASIS ON ZERO-EMISSION AVIATION AND CLEAN ENERGY INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 153 12.3.1.1 Use case: ZEROe Hydrogen Aircraft Program by Airbus 153   12.4 SYNTHETIC 154 12.4.1 ADVANCEMENTS IN GREEN HYDROGEN AND CARBON CAPTURE TECHNOLOGIES TO DRIVE MARKET 154 12.4.1.1 Use case: Project Roadrunner by Infinium 154 13 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM (MARKET SIZE & FORECAST TO 2031-USD MILLION) 155 13.1 INTRODUCTION 156 13.2 COMMERCIAL AIRCRAFT 157 13.2.1 AIRLINE NET-ZERO COMMITMENTS AND SAF PROCUREMENT AGREEMENTS TO DRIVE MARKET 157 13.2.1.1 Use case: Sustainable aviation fuel adoption by United Airlines 157 13.3 MILITARY AIRCRAFT 158 13.3.1 DEFENSE DECARBONIZATION INITIATIVES AND ENERGY SECURITY OBJECTIVES TO DRIVE MARKET 158 13.3.1.1 Use case: United States Air Force SAF Integration Program 158 13.4 BUSINESS & GENERAL AVIATION 159 13.4.1 CORPORATE SUSTAINABILITY GOALS AND HEIGHTENED DEMAND FOR LOW-CARBON PRIVATE AIR TRAVEL TO DRIVE MARKET 159 13.4.1.1 Use case: Sustainable aviation fuel adoption by NetJets 159 13.5 UNMANNED AERIAL VEHICLES (UAVS) 160 13.5.1 ESCALATING DEMAND FOR SUSTAINABLE MISSION OPERATIONS TO DRIVE MARKET 160 13.5.1.1 Use case: Maritime surveillance operations using ScanEagle UAV 160 14 SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE (MARKET SIZE & FORECAST TO 2031-USD MILLION) 161 14.1 INTRODUCTION 162 14.2 USED COOKING OIL (UCO) 163 14.2.1 EXPANDING WASTE-BASED FEEDSTOCK COLLECTION NETWORKS TO DRIVE MARKET 163 14.2.1.1 Use case: Used cooking oil-to-SAF production by Neste 164 14.3 AGRICULTURAL RESIDUES 164 14.3.1 EXTENSIVE USE OF NON-FOOD BIOMASS FEEDSTOCKS AND WASTE-TO-FUEL TECHNOLOGIES TO DRIVE MARKET 164 14.3.1.1 Use case: Agricultural residue-based SAF production by Gevo 165 14.4 MUNICIPAL SOLID WASTE (MSW) 165 14.4.1 IMPROVED FOCUS ON WASTE-TO-FUEL SOLUTIONS AND CIRCULAR ECONOMY INITIATIVES TO DRIVE MARKET 165 14.4.1.1 Use case: Waste-to-SAF production by Fulcrum BioEnergy 166 14.5 FORESTRY RESIDUES 166 14.5.1 ABUNDANT FOREST WASTE RESOURCES TO DRIVE MARKET 166 14.5.1.1 Use case: Forestry waste-to-SAF project by Red Rock Biofuels 167   14.6 SUGARCANE & ETHANOL-BASED FEEDSTOCKS 167 14.6.1 EXPANSION OF ETHANOL PRODUCTION CAPACITY TO DRIVE MARKET 167 14.6.1.1 Use case: Ethanol-to-SAF production facility by LanzaJet 168 14.7 ALGAE & ADVANCED FEEDSTOCKS 168 14.7.1 SUBSTANTIAL INVESTMENT IN NEXT-GENERATION FEEDSTOCKS TO DRIVE MARKET 168 14.7.1.1 Use case: Algae-based SAF development program by Viridos 169 14.8 RENEWABLE ELECTRICITY & CO2 169 14.8.1 RISE OF GREEN HYDROGEN AND CARBON CAPTURE INFRASTRUCTURE TO DRIVE MARKET 169 14.8.1.1 Use case: Project Roadrunner by Infinium 170 15 SUSTAINABLE AVIATION FUEL MARKET, BY REGION (MARKET SIZE & FORECAST TO 2031-USD MILLION) 171 15.1 INTRODUCTION 172 15.2 NORTH AMERICA 173 15.2.1 US 179 15.2.1.1 Overview 179 15.2.1.2 Key driver: Federal scale targets and credit-linked project economics 180 15.2.1.3 Use case: ATJ and HEFA commercialization for major airline networks 180 15.2.2 CANADA 181 15.2.2.1 Overview 181 15.2.2.2 Key driver: National aviation emissions reduction with fuel security for long-distance connectivity 181 15.2.2.3 Use case: SAF blending for transatlantic and domestic trunk routes 181 15.2.2.4 Analyst view 181 15.3 EUROPE 183 15.3.1 UK 189 15.3.1.1 Overview 189 15.3.1.2 Key driver: Mandate-backed demand with pressure to reduce dependence on imported HEFA 189 15.3.1.3 Use case: Heathrow and long-haul airline SAF procurement 189 15.3.1.4 Analyst view 189 15.3.2 FRANCE 191 15.3.2.1 Overview 191 15.3.2.2 Key driver: Protecting aerospace competitiveness while meeting EU fuel obligations 191 15.3.2.3 Use case: SAF integration into airline operations and aerospace demonstration programs 191 15.3.2.4 Analyst view 191 15.3.3 GERMANY 193 15.3.3.1 Overview 193 15.3.3.2 Key driver: Industrial decarbonization and eSAF technology leadership 193 15.3.3.3 Use case: PtL SAF for premium long-haul and corporate travel demand 193 15.3.3.4 Analyst view 193 15.3.4 DENMARK 195 15.3.4.1 Overview 195 15.3.4.2 Key driver: Renewable power advantage and e-fuel ecosystem development 195 15.3.4.3 Use case: Copenhagen airport SAF and e-fuel demonstration corridor 195 15.3.4.4 Analyst view 195 15.3.5 FINLAND 197 15.3.5.1 Overview 197 15.3.5.2 Key driver: Renewable fuel production leadership and waste/residue feedstock expertise 197 15.3.5.3 Use case: HEFA-based SAF supply for European and international airline customers 197 15.3.5.4 Analyst view 197 15.3.6 REST OF EUROPE 198 15.3.6.1 Overview 198 15.3.6.2 Key driver: EU-wide compliance spreading SAF demand beyond larger aviation markets 199 15.3.6.3 Use case: Cross-border SAF supply, tourism-route decarbonization, and Nordic e-fuel pilots 199 15.3.6.4 Analyst view 199 15.4 ASIA PACIFIC 201 15.4.1 INDIA 207 15.4.1.1 Overview 207 15.4.1.2 Key driver: Aviation growth and domestic feedstock monetization 207 15.4.1.3 Use case: ATJ and MSW-to-Jet supply for international departures 207 15.4.1.4 Analyst view 207 15.4.2 AUSTRALIA 209 15.4.2.1 Overview 209 15.4.2.2 Key driver: Domestic fuel security and agricultural value creation 209 15.4.2.3 Use case: Queensland ATJ and agricultural-residue SAF for Qantas-linked demand 209 15.4.2.4 Analyst view 209 15.4.3 SOUTH KOREA 211 15.4.3.1 Overview 211 15.4.3.2 Key driver: Transforming refining strength into low-carbon export competitiveness 211 15.4.3.3 Use case: Refinery-based SAF blending for outbound international routes 211 15.4.3.4 Analyst view 211   15.4.4 JAPAN 213 15.4.4.1 Overview 213 15.4.4.2 Key driver: Airline decarbonization combined with national green transformation policy 213 15.4.4.3 Use case: Imported and domestic SAF for JAL and ANA long-haul operations 213 15.4.4.4 Analyst view 213 15.4.5 CHINA 214 15.4.5.1 Overview 214 15.4.5.2 Key driver: Production capacity buildout and export opportunity before domestic demand fully matures 215 15.4.5.3 Use case: HEFA SAF exports and future domestic airline adoption 215 15.4.5.4 Analyst view 215 15.4.6 SINGAPORE 216 15.4.6.1 Overview 216 15.4.6.2 Key driver: Hub competitiveness and centralized SAF procurement 216 15.4.6.3 Use case: Pooled SAF procurement for Changi departures 216 15.4.6.4 Analyst view 217 15.4.7 REST OF ASIA PACIFIC 218 15.4.7.1 Overview 218 15.4.7.2 Key driver: Feedstock availability and export-oriented production 218 15.4.7.3 Use case: Southeast Asian HEFA supply and regional airline trials 218 15.4.7.4 Analyst view 219 15.5 MIDDLE EAST 220 15.5.1 UAE 226 15.5.1.1 Overview 226 15.5.1.2 Key driver: Aviation hub decarbonization combined with economic diversification 227 15.5.1.3 Use case: Local SAF production for Emirates, Etihad, and hub-based international uplift 227 15.5.1.4 Analyst view 227 15.5.2 BAHRAIN 228 15.5.2.1 Overview 228 15.5.2.2 Key driver: Cargo decarbonization and project-backed offtake 228 15.5.2.3 Use case: DHL Express supply chain decarbonization 228 15.5.2.4 Analyst view 228 15.5.3 QATAR 230 15.5.3.1 Overview 230 15.5.3.2 Key driver: Long-haul airline emissions management and premium carrier positioning 230 15.5.3.3 Use case: SAF offtake at international airports for Qatar Airways routes 230 15.5.3.4 Analyst view 230   15.6 LATIN AMERICA 232 15.6.1 BRAZIL 237 15.6.1.1 Overview 237 15.6.1.2 Key driver: Converting biofuel leadership into SAF production leadership 238 15.6.1.3 Use case: ATJ SAF from ethanol and book-and-claim transactions for airlines 238 15.6.1.4 Analyst view 238 15.6.2 MEXICO 239 15.6.2.1 Overview 239 15.6.2.2 Key driver: Airport fuel readiness and cross-border aviation decarbonization 240 15.6.2.3 Use case: SAF supply for Mexico City, Cancun, Guadalajara, and cross-border routes 240 15.6.2.4 Analyst view 240 16 COMPETITIVE LANDSCAPE 242 16.1 INTRODUCTION 242 16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2026 242 16.3 REVENUE ANALYSIS, 2021–2025 244 16.4 MARKET SHARE ANALYSIS, 2025 245 16.5 BRAND/PRODUCT COMPARISON 248 16.6 COMPANY VALUATION AND FINANCIAL METRICS 249 16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 250 16.7.1 STARS 250 16.7.2 EMERGING LEADERS 250 16.7.3 PERVASIVE PLAYERS 250 16.7.4 PARTICIPANTS 250 16.7.5 COMPANY FOOTPRINT 252 16.7.5.1 Company footprint 252 16.7.5.2 Region footprint 253 16.7.5.3 Blending capacity footprint 253 16.7.5.4 Fuel type footprint 254 16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 255 16.8.1 PROGRESSIVE COMPANIES 255 16.8.2 RESPONSIVE COMPANIES 255 16.8.3 DYNAMIC COMPANIES 255 16.8.4 STARTING BLOCKS 255 16.8.5 COMPETITIVE BENCHMARKING 257 16.8.5.1 List of startups/SMEs 257 16.8.5.2 Competitive benchmarking of startups/SMEs 258   16.9 COMPETITIVE SCENARIO 259 16.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 259 16.9.2 DEALS 262 16.9.3 OTHER DEVELOPMENTS 273 17 COMPANY PROFILES 277 17.1 KEY PLAYERS 277 17.1.1 NESTE 277 17.1.1.1 Business overview 277 17.1.1.2 Products offered 278 17.1.1.3 Recent developments 279 17.1.1.3.1 Deals 279 17.1.1.3.2 Other developments 280 17.1.1.4 MnM view 281 17.1.1.4.1 Key strengths 281 17.1.1.4.2 Strategic choices 281 17.1.1.4.3 Weaknesses and competitive threats 281 17.1.2 TOTALENERGIES 282 17.1.2.1 Business overview 282 17.1.2.2 Products offered 283 17.1.2.3 Recent developments 284 17.1.2.3.1 Other developments 284 17.1.2.4 MnM view 284 17.1.2.4.1 Key strengths 284 17.1.2.4.2 Strategic choices 284 17.1.2.4.3 Weaknesses and competitive threats 284 17.1.3 WORLD ENERGY, LLC 285 17.1.3.1 Business overview 285 17.1.3.2 Products offered 285 17.1.3.3 Recent developments 286 17.1.3.3.1 Deals 286 17.1.3.3.2 Other developments 287 17.1.3.4 MnM view 287 17.1.3.4.1 Key strengths 287 17.1.3.4.2 Strategic choices 287 17.1.3.4.3 Weaknesses and competitive threats 288 17.1.4 ENI S.P.A. 289 17.1.4.1 Business overview 289 17.1.4.2 Products offered 290 17.1.4.3 Recent developments 291 17.1.4.3.1 Product launches/developments 291 17.1.4.3.2 Deals 291 17.1.4.3.3 Other developments 292 17.1.4.4 MnM view 293 17.1.4.4.1 Key strengths 293 17.1.4.4.2 Strategic choices 293 17.1.4.4.3 Weaknesses and competitive threats 293 17.1.5 OMV AKTIENGESELLSCHAFT 294 17.1.5.1 Business overview 294 17.1.5.2 Products offered 295 17.1.5.3 Recent developments 296 17.1.5.3.1 Product launches/developments 296 17.1.5.3.2 Deals 297 17.1.5.3.3 Other developments 298 17.1.5.4 MnM view 298 17.1.5.4.1 Key strengths 298 17.1.5.4.2 Strategic choices 298 17.1.5.4.3 Weaknesses and competitive threats 299 17.1.6 SHELL INTERNATIONAL B.V. 300 17.1.6.1 Business overview 300 17.1.6.2 Products offered 301 17.1.6.3 Recent developments 302 17.1.6.3.1 Deals 302 17.1.7 LANZATECH 303 17.1.7.1 Business overview 303 17.1.7.2 Products offered 304 17.1.7.3 Recent developments 304 17.1.7.3.1 Product launches/developments 304 17.1.7.3.2 Deals 305 17.1.7.3.3 Other developments 306 17.1.8 GEVO, INC. 307 17.1.8.1 Business overview 307 17.1.8.2 Products offered 308 17.1.8.3 Recent developments 309 17.1.8.3.1 Product launches/developments 309 17.1.8.3.2 Deals 310 17.1.8.3.3 Other developments 311 17.1.9 VELOCYS LTD 312 17.1.9.1 Business overview 312 17.1.9.2 Products offered 312 17.1.9.3 Recent developments 313 17.1.9.3.1 Product launches/developments 313 17.1.9.3.2 Deals 314 17.1.9.3.3 Other developments 314 17.1.10 NORTHWEST ADVANCED BIO-FUELS, LLC 316 17.1.10.1 Business overview 316 17.1.10.2 Products offered 316 17.1.10.3 Recent developments 317 17.1.10.3.1 Product launches/developments 317 17.1.10.3.2 Deals 317 17.1.10.3.3 Other developments 318 17.1.11 SKYNRG B.V. 319 17.1.11.1 Business overview 319 17.1.11.2 Products offered 319 17.1.11.3 Recent developments 320 17.1.11.3.1 Deals 320 17.1.11.3.2 Other developments 321 17.1.12 TOPSOE A/S 322 17.1.12.1 Business overview 322 17.1.12.2 Products offered 322 17.1.12.3 Recent developments 323 17.1.12.3.1 Deals 323 17.1.13 MOEVE 325 17.1.13.1 Business overview 325 17.1.13.2 Products offered 325 17.1.13.3 Recent developments 326 17.1.13.3.1 Deals 326 17.1.13.3.2 Other developments 326 17.1.14 REPSOL 327 17.1.14.1 Business overview 327 17.1.14.2 Products offered 328 17.1.14.3 Recent developments 329 17.1.14.3.1 Product launches/developments 329 17.1.14.3.2 Deals 330 17.1.15 PHILLIPS 66 332 17.1.15.1 Business overview 332 17.1.15.2 Products offered 333 17.1.15.3 Recent developments 334 17.1.15.3.1 Product launches/developments 334 17.1.15.3.2 Deals 334 17.1.15.3.3 Other developments 335 17.2 OTHER PLAYERS 336 17.2.1 ATMOSFAIR GMBH 336 17.2.2 SAF PLUS INTERNATIONAL GROUP 336 17.2.3 CEMVITA INC. 337 17.2.4 DGFUELS, LLC 337 17.2.5 WASTEFUEL 338 17.2.6 RED ROCK BIOFUELS 339 17.2.7 AIR COMPANY HOLDINGS, INC. 339 17.2.8 DIMENSIONAL ENERGY 340 17.2.9 VIRENT, INC. 340 17.2.10 SGP BIOENERGY HOLDINGS, LLC 341 18 RESEARCH METHODOLOGY 342 18.1 RESEARCH DATA 342 18.1.1 SECONDARY DATA 343 18.1.1.1 Key data from secondary sources 344 18.1.2 PRIMARY DATA 344 18.1.2.1 Primary interview participants 344 18.1.2.2 Key data from primary sources 345 18.1.2.3 Breakdown of primary interviews 345 18.2 MARKET SIZE ESTIMATION 346 18.2.1 BOTTOM-UP APPROACH 346 18.2.2 TOP-DOWN APPROACH 347 18.2.3 BASE NUMBER CALCULATION 347 18.3 DATA TRIANGULATION 348 18.4 FACTOR ANALYSIS 349 18.4.1 DEMAND-SIDE INDICATORS 349 18.4.2 SUPPLY-SIDE INDICATORS 349 18.5 RESEARCH ASSUMPTIONS 350 18.6 RESEARCH LIMITATIONS 351 18.7 RISK ASSESSMENT 351 19 APPENDIX 352 19.1 DISCUSSION GUIDE 352 19.2 ANNEXURE 354 19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 355 19.4 CUSTOMIZATION OPTIONS 357 19.5 RELATED REPORTS 357 19.6 AUTHOR DETAILS 358

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List of Tables/Graphs

TABLE 1 USD EXCHANGE RATES, 2021–2025 36
TABLE 2 GOVERNMENT MANDATES IMPACTING SUSTAINABLE AVIATION FUEL MARKET 49
TABLE 3 UNMET NEEDS AND WHITE SPACES 56
TABLE 4 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 58
TABLE 5 GDP PERCENTAGE CHANGE, BY COUNTRY, 2021–2030 59
TABLE 6 ROLE OF COMPANIES IN ECOSYSTEM 66
TABLE 7 AVERAGE SELLING PRICE TREND, BY BIOFUEL CONVERSION PATHWAY,
2021–2025 (USD/GALLON) 68
TABLE 8 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2025 (USD/GALLON) 69
TABLE 9 AVERAGE CONSUMPTION AND EMISSIONS OF JET FUEL VS. SUSTAINABLE AVIATION FUEL 71
TABLE 10 IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD THOUSAND) 73
TABLE 11 EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD THOUSAND) 75
TABLE 12 KEY CONFERENCES AND EVENTS, 2026–2027 75
TABLE 13 US-ADJUSTED RECIPROCAL TARIFF RATES 79
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY BLENDING CAPACITY (%) 85
TABLE 15 KEY BUYING CRITERIA, BY BLENDING CAPACITY 86
TABLE 16 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 17 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
TABLE 19 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
TABLE 20 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
TABLE 21 DESIGN, STRUCTURAL, AND OPERATIONAL STANDARDS 92
TABLE 22 SUSTAINABLE AVIATION FUEL CERTIFICATION, SUSTAINABILITY,
AND COMPLIANCE STANDARDS 93
TABLE 23 CARBON IMPACT REDUCTION 94
TABLE 24 ECO-APPLICATIONS 95
TABLE 25 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 99
TABLE 26 PATENT ANALYSIS 108
TABLE 27 CASE STUDY 1: CARBON-NEUTRAL LONG-HAUL AVIATION OPERATIONS IN SUSTAINABLE AVIATION FUEL MARKET 115
TABLE 28 CASE STUDY 2: HYDROGEN-POWERED REGIONAL AVIATION IN SUSTAINABLE AVIATION FUEL MARKET 115
TABLE 29 MARKET DEVELOPMENTS (2024–2026) 124
TABLE 30 GEOPOLITICAL CONFLICT TRANSMISSION MECHANISM 129
TABLE 31 KEY GEOPOLITICAL AND POLICY INSTANCES INFLUENCING MARKET, 2024–2026 129
TABLE 32 REGIONAL GEOPOLITICAL RISK MATRIX, 2026–2031 130
TABLE 33 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 132
TABLE 34 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 133
TABLE 35 FISCHER-TROPSCH (FT): SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 134
TABLE 36 FISCHER-TROPSCH (FT): SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 134
TABLE 37 HYDROPROCESSED ESTERS & FATTY ACIDS (HEFA): SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 137
TABLE 38 HYDROPROCESSED ESTERS & FATTY ACIDS (HEFA): SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 137
TABLE 39 ALCOHOL TO JET (ATJ): SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 140
TABLE 40 ALCOHOL TO JET (ATJ): SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 140
TABLE 41 SUSTAINABLE AVIATION FUEL MARKET, BY BLENDING CAPACITY,
2021–2025 (USD MILLION) 145
TABLE 42 SUSTAINABLE AVIATION FUEL MARKET, BY BLENDING CAPACITY,
2026–2031 (USD MILLION) 146
TABLE 43 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2021–2025 (USD MILLION) 151
TABLE 44 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2026–2031 (USD MILLION) 151
TABLE 45 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM, 2021–2025 (USD MILLION) 156
TABLE 46 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM, 2026–2031 (USD MILLION) 157
TABLE 47 SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2021–2025 (USD MILLION) 162
TABLE 48 SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2026–2031 (USD MILLION) 163
TABLE 49 SUSTAINABLE AVIATION FUEL MARKET, BY REGION, 2021–2025 (USD MILLION) 173
TABLE 50 SUSTAINABLE AVIATION FUEL MARKET, BY REGION, 2026–2031 (USD MILLION) 173
TABLE 51 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2021–2025 (USD MILLION) 174
TABLE 52 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2026–2031 (USD MILLION) 174
TABLE 53 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 175
TABLE 54 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 175
TABLE 55 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 175
TABLE 56 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 176
TABLE 57 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY FT BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 176
TABLE 58 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY FT BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 176
TABLE 59 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY HEFA BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 176
TABLE 60 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY HEFA BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 177
TABLE 61 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY ATJ BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 177
TABLE 62 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY ATJ BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 177
TABLE 63 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 177
TABLE 64 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 178
TABLE 65 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2021–2025 (USD MILLION) 178
TABLE 66 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2026–2031 (USD MILLION) 178
TABLE 67 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2021–2025 (USD MILLION) 179
TABLE 68 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2026–2031 (USD MILLION) 179
TABLE 69 US: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 180
TABLE 70 US: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 180
TABLE 71 US: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 180
TABLE 72 US: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 181
TABLE 73 CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 182
TABLE 74 CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 182
TABLE 75 CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 182
TABLE 76 CANADA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 183
TABLE 77 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2021–2025 (USD MILLION) 184
TABLE 78 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2026–2031 (USD MILLION) 184
TABLE 79 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 184
TABLE 80 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 185
TABLE 81 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 185
TABLE 82 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 185
TABLE 83 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 186
TABLE 84 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 186
TABLE 85 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 186
TABLE 86 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 186
TABLE 87 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 187
TABLE 88 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 187
TABLE 89 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 187
TABLE 90 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 187
TABLE 91 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2021–2025 (USD MILLION) 188
TABLE 92 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2026–2031 (USD MILLION) 188
TABLE 93 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2021–2025 (USD MILLION) 188
TABLE 94 EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2026–2031 (USD MILLION) 189
TABLE 95 UK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 190
TABLE 96 UK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 190
TABLE 97 UK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 190
TABLE 98 UK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 191
TABLE 99 FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 192
TABLE 100 FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 192
TABLE 101 FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 192
TABLE 102 FRANCE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 192
TABLE 103 GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 193
TABLE 104 GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 194
TABLE 105 GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 194
TABLE 106 GERMANY: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 194
TABLE 107 DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 195
TABLE 108 DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 196
TABLE 109 DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 196
TABLE 110 DENMARK: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 196
TABLE 111 FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 197
TABLE 112 FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 198
TABLE 113 FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 198
TABLE 114 FINLAND: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 198
TABLE 115 REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 199
TABLE 116 REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 200
TABLE 117 REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 200
TABLE 118 REST OF EUROPE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 200
TABLE 119 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2021–2025 (USD MILLION) 202
TABLE 120 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2026–2031 (USD MILLION) 202
TABLE 121 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 202
TABLE 122 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 203
TABLE 123 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 203
TABLE 124 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 203
TABLE 125 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 204
TABLE 126 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 204
TABLE 127 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 204
TABLE 128 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 204
TABLE 129 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 205
TABLE 130 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 205
TABLE 131 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 205
TABLE 132 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 205
TABLE 133 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2021–2025 (USD MILLION) 206
TABLE 134 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2026–2031 (USD MILLION) 206
TABLE 135 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2021–2025 (USD MILLION) 206
TABLE 136 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2026–2031 (USD MILLION) 207
TABLE 137 INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 208
TABLE 138 INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 208
TABLE 139 INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 208
TABLE 140 INDIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 209
TABLE 141 AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 210
TABLE 142 AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 210
TABLE 143 AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 210
TABLE 144 AUSTRALIA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 210
TABLE 145 SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 211
TABLE 146 SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 212
TABLE 147 SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 212
TABLE 148 SOUTH KOREA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 212
TABLE 149 JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 213
TABLE 150 JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 214
TABLE 151 JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 214
TABLE 152 JAPAN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 214
TABLE 153 CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 215
TABLE 154 CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 215
TABLE 155 CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 216
TABLE 156 CHINA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 216
TABLE 157 SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 217
TABLE 158 SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 217
TABLE 159 SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 218
TABLE 160 SINGAPORE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 218
TABLE 161 REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2021–2025 (USD MILLION) 219
TABLE 162 REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2026–2031 (USD MILLION) 219
TABLE 163 REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 220
TABLE 164 REST OF ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET,
BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 220
TABLE 165 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2021–2025 (USD MILLION) 221
TABLE 166 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2026–2031 (USD MILLION) 221
TABLE 167 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 222
TABLE 168 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 222
TABLE 169 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 222
TABLE 170 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 223
TABLE 171 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 223
TABLE 172 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 223
TABLE 173 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 223
TABLE 174 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 224
TABLE 175 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 224
TABLE 176 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 224
TABLE 177 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 224
TABLE 178 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 225
TABLE 179 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2021–2025 (USD MILLION) 225
TABLE 180 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2026–2031 (USD MILLION) 225
TABLE 181 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2021–2025 (USD MILLION) 226
TABLE 182 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2026–2031 (USD MILLION) 226
TABLE 183 UAE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 227
TABLE 184 UAE: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 227
TABLE 185 UAE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 228
TABLE 186 UAE: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 228
TABLE 187 BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 229
TABLE 188 BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 229
TABLE 189 BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 229
TABLE 190 BAHRAIN: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 230
TABLE 191 QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 231
TABLE 192 QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 231
TABLE 193 QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 231
TABLE 194 QATAR: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 231
TABLE 195 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2021–2025 (USD MILLION) 232
TABLE 196 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY COUNTRY,
2026–2031 (USD MILLION) 233
TABLE 197 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 233
TABLE 198 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 233
TABLE 199 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 233
TABLE 200 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 234
TABLE 201 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 234
TABLE 202 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FT BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 234
TABLE 203 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 234
TABLE 204 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY HEFA BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 235
TABLE 205 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2021–2025 (USD MILLION) 235
TABLE 206 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY ATJ BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 235
TABLE 207 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 235
TABLE 208 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 236
TABLE 209 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2021–2025 (USD MILLION) 236
TABLE 210 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM,
2026–2031 (USD MILLION) 236
TABLE 211 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2021–2025 (USD MILLION) 237
TABLE 212 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE, 2026–2031 (USD MILLION) 237
TABLE 213 BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 238
TABLE 214 BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 239
TABLE 215 BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 239
TABLE 216 BRAZIL: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 239
TABLE 217 MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2021–2025 (USD MILLION) 240
TABLE 218 MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE,
2026–2031 (USD MILLION) 241
TABLE 219 MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2021–2025 (USD MILLION) 241
TABLE 220 MEXICO: SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL BLENDING CAPACITY, 2026–2031 (USD MILLION) 241
TABLE 221 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2026 242
TABLE 222 SUSTAINABLE AVIATION FUEL MARKET: DEGREE OF COMPETITION 246
TABLE 223 REGION FOOTPRINT 253
TABLE 224 BLENDING CAPACITY FOOTPRINT 253
TABLE 225 FUEL TYPE FOOTPRINT 254
TABLE 226 LIST OF STARTUPS/SMES 257
TABLE 227 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 258
TABLE 228 SUSTAINABLE AVIATION FUEL MARKET: PRODUCT LAUNCHES/
DEVELOPMENTS, 2022–2026 259
TABLE 229 SUSTAINABLE AVIATION FUEL MARKET: DEALS, 2022–2026 262
TABLE 230 SUSTAINABLE AVIATION FUEL MARKET: OTHER DEVELOPMENTS, 2022– 2026 273
TABLE 231 NESTE: COMPANY OVERVIEW 277
TABLE 232 NESTE: PRODUCTS OFFERED 278
TABLE 233 NESTE: DEALS 279
TABLE 234 NESTE: OTHER DEVELOPMENTS 280
TABLE 235 TOTALENERGIES: COMPANY OVERVIEW 282
TABLE 236 TOTALENERGIES: PRODUCTS OFFERED 283
TABLE 237 TOTALENERGIES: OTHER DEVELOPMENTS 284
TABLE 238 WORLD ENERGY, LLC: COMPANY OVERVIEW 285
TABLE 239 WORLD ENERGY, LLC: PRODUCTS OFFERED 285
TABLE 240 WORLD ENERGY, LLC: DEALS 286
TABLE 241 WORLD ENERGY, LLC: OTHER DEVELOPMENTS 287
TABLE 242 ENI S.P.A.: COMPANY OVERVIEW 289
TABLE 243 ENI S.P.A.: PRODUCTS OFFERED 290
TABLE 244 ENI S.P.A.: PRODUCT LAUNCHES/DEVELOPMENTS 291
TABLE 245 ENI S.P.A.: DEALS 291
TABLE 246 ENI S.P.A.: OTHER DEVELOPMENTS 292
TABLE 247 OMV AKTIENGESELLSCHAFT: COMPANY OVERVIEW 294
TABLE 248 OMV AKTIENGESELLSCHAFT: PRODUCTS OFFERED 295
TABLE 249 OMV AKTIENGESELLSCHAFT: PRODUCT LAUNCHES/DEVELOPMENTS 296
TABLE 250 OMV AKTIENGESELLSCHAFT: DEALS 297
TABLE 251 OMV AKTIENGESELLSCHAFT: OTHER DEVELOPMENTS 298
TABLE 252 SHELL INTERNATIONAL B.V.: COMPANY OVERVIEW 300
TABLE 253 SHELL INTERNATIONAL B.V.: PRODUCTS OFFERED 301
TABLE 254 SHELL INTERNATIONAL B.V.: DEALS 302
TABLE 255 LANZATECH: COMPANY OVERVIEW 303
TABLE 256 LANZATECH: PRODUCTS OFFERED 304
TABLE 257 LANZATECH: PRODUCT LAUNCHES/DEVELOPMENTS 304
TABLE 258 LANZATECH: DEALS 305
TABLE 259 LANZATECH: OTHER DEVELOPMENTS 306
TABLE 260 GEVO, INC.: COMPANY OVERVIEW 307
TABLE 261 GEVO, INC.: PRODUCTS OFFERED 308
TABLE 262 GEVO, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 309
TABLE 263 GEVO, INC.: DEALS 310
TABLE 264 GEVO, INC.: OTHER DEVELOPMENTS 311
TABLE 265 VELOCYS LTD: COMPANY OVERVIEW 312
TABLE 266 VELOCYS LTD: PRODUCTS OFFERED 312
TABLE 267 VELOCYS LTD: PRODUCT LAUNCHES/DEVELOPMENTS 313
TABLE 268 VELOCYS LTD: DEALS 314
TABLE 269 VELOCYS LTD: OTHER DEVELOPMENTS 314
TABLE 270 NORTHWEST ADVANCED BIO-FUELS, LLC: COMPANY OVERVIEW 316
TABLE 271 NORTHWEST ADVANCED BIO-FUELS, LLC: PRODUCTS OFFERED 316
TABLE 272 NORTHWEST ADVANCED BIO-FUELS, LLC: PRODUCT LAUNCHES/DEVELOPMENTS 317
TABLE 273 NORTHWEST ADVANCED BIO-FUELS, LLC: DEALS 317
TABLE 274 NORTHWEST ADVANCED BIO-FUELS, LLC: OTHER DEVELOPMENTS 318
TABLE 275 SKYNRG B.V.: COMPANY OVERVIEW 319
TABLE 276 SKYNRG B.V.: PRODUCTS OFFERED 319
TABLE 277 SKYNRG B.V.: DEALS 320
TABLE 278 SKYNRG B.V.: OTHER DEVELOPMENTS 321
TABLE 279 TOPSOE A/S: COMPANY OVERVIEW 322
TABLE 280 TOPSOE A/S: PRODUCTS OFFERED 322
TABLE 281 TOPSOE A/S: DEALS 323
TABLE 282 MOEVE: COMPANY OVERVIEW 325
TABLE 283 MOEVE: PRODUCTS OFFERED 325
TABLE 284 MOEVE: DEALS 326
TABLE 285 MOEVE: OTHER DEVELOPMENTS 326
TABLE 286 REPSOL: COMPANY OVERVIEW 327
TABLE 287 REPSOL: PRODUCTS OFFERED 328
TABLE 288 REPSOL: PRODUCT LAUNCHES/DEVELOPMENTS 329
TABLE 289 REPSOL: DEALS 330
TABLE 290 PHILLIPS 66: COMPANY OVERVIEW 332
TABLE 291 PHILLIPS 66: PRODUCTS OFFERED 333
TABLE 292 PHILLIPS 66: PRODUCT LAUNCHES/DEVELOPMENTS 334
TABLE 293 PHILLIPS 66: DEALS 334
TABLE 294 PHILLIPS 66: OTHER DEVELOPMENTS 335
TABLE 295 ATMOSFAIR GMBH: COMPANY OVERVIEW 336
TABLE 296 SAF PLUS INTERNATIONAL GROUP: COMPANY OVERVIEW 336
TABLE 297 CEMVITA INC.: COMPANY OVERVIEW 337
TABLE 298 DGFUELS, LLC: COMPANY OVERVIEW 337
TABLE 299 WASTEFUEL: COMPANY OVERVIEW 338
TABLE 300 RED ROCK BIOFUELS: COMPANY OVERVIEW 339
TABLE 301 AIR COMPANY HOLDINGS, INC.: COMPANY OVERVIEW 339
TABLE 302 DIMENSIONAL ENERGY: COMPANY OVERVIEW 340
TABLE 303 VIRENT, INC.: COMPANY OVERVIEW 340
TABLE 304 SGP BIOENERGY HOLDINGS, LLC: COMPANY OVERVIEW 341
TABLE 305 LAUNDRY LIST OF MAPPED COMPANIES 354
FIGURE 1 MARKET SCENARIO 38
FIGURE 2 GLOBAL SUSTAINABLE AVIATION FUEL MARKET, 2021–2031 39
FIGURE 3 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN SUSTAINABLE
AVIATION FUEL MARKET 39
FIGURE 4 DISRUPTIONS INFLUENCING GROWTH OF SUSTAINABLE AVIATION FUEL MARKET 40
FIGURE 5 HIGH-GROWTH SEGMENTS IN SUSTAINABLE AVIATION FUEL MARKET 41
FIGURE 6 MIDDLE EAST TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD 42
FIGURE 7 STRONG POLICY SUPPORT AND AIRLINE SUSTAINABILITY
COMMITMENTS TO DRIVE MARKET 43
FIGURE 8 HEFA-SPK SEGMENT LED MARKET IN 2025 44
FIGURE 9 MILITARY AIRCRAFT TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD 44
FIGURE 10 >30% SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 45
FIGURE 11 RENEWABLE ELECTRICITY & CO2 TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 45
FIGURE 12 SUSTAINABLE AVIATION FUEL MARKET DYNAMICS 47
FIGURE 13 ESTIMATED CONTRIBUTION OF DECARBONIZATION PATHWAYS TO ACHIEVING NET-ZERO AVIATION EMISSIONS BY 2050 48
FIGURE 14 GLOBAL SAF PRODUCTION CAPACITY OF LEADING PRODUCERS, 2021–2025 50
FIGURE 15 AVERAGE COST CONTRIBUTION BY PHASE IN SAF PRODUCTION VALUE CHAIN 51
FIGURE 16 REGIONAL SAF PRODUCTION CAPACITY AND ESTIMATED REQUIREMENT, 2025 52
FIGURE 17 VALUE CHAIN ANALYSIS 62
FIGURE 18 ECOSYSTEM ANALYSIS 65
FIGURE 19 INVESTMENT AND FUNDING SCENARIO, 2021–2025 67
FIGURE 20 AVERAGE SELLING PRICE TREND, BY BIOFUEL CONVERSION PATHWAY,
2021–2025 (USD/GALLON) 67
FIGURE 21 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2025 (USD/GALLON) 69
FIGURE 22 VOLUME AND PRICE OF JET FUEL VS. SUSTAINABLE AVIATION FUEL, 2021–2030 70
FIGURE 23 IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD THOUSAND) 73
FIGURE 24 EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD THOUSAND) 74
FIGURE 25 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 76
FIGURE 26 DECISION-MAKING FACTORS 83
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY BLENDING CAPACITY 85
FIGURE 28 KEY BUYING CRITERIA, BY BLENDING CAPACITY 86
FIGURE 29 ADOPTION BARRIERS AND INTERNAL CHALLENGES 87
FIGURE 30 TECHNOLOGY ROADMAP, 2020–2035 104
FIGURE 31 PATENT ANALYSIS 107
FIGURE 32 IMPACT OF AI/GEN AI 111
FIGURE 33 FUTURE APPLICATIONS 114
FIGURE 34 ESTIMATED CONTRIBUTION OF MAJOR GEOPOLITICAL TRANSMISSION CHANNELS TO SUSTAINABLE AVIATION FUEL MARKET, 2025 117
FIGURE 35 RELATIVE GEOPOLITICAL PULL FOR SAF LOCALIZATION, 2026–2031 120
FIGURE 36 PATHWAY RESILIENCE SCORING REFLECTS FEEDSTOCK DIVERSITY,
TRADE EXPOSURE, AND SCALE READINESS 126
FIGURE 37 SUSTAINABLE AVIATION FUEL MARKET, BY BIOFUEL CONVERSION PATHWAY, 2026–2031 (USD MILLION) 132
FIGURE 38 SUSTAINABLE AVIATION FUEL MARKET, BY BLENDING CAPACITY,
2026–2031 (USD MILLION) 145
FIGURE 39 SUSTAINABLE AVIATION FUEL MARKET, BY FUEL TYPE, 2026–2031 (USD MILLION) 151
FIGURE 40 SUSTAINABLE AVIATION FUEL MARKET, BY PLATFORM, 2026–2031 (USD MILLION) 156
FIGURE 41 SUSTAINABLE AVIATION FUEL MARKET, BY FEEDSTOCK TYPE,
2026–2031 (USD MILLION) 162
FIGURE 42 SUSTAINABLE AVIATION FUEL MARKET, BY REGION, 2026–2031 172
FIGURE 43 NORTH AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 174
FIGURE 44 EUROPE: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 183
FIGURE 45 ASIA PACIFIC: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 201
FIGURE 46 MIDDLE EAST: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 221
FIGURE 47 LATIN AMERICA: SUSTAINABLE AVIATION FUEL MARKET SNAPSHOT 232
FIGURE 48 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021–2025 245
FIGURE 49 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2025 245
FIGURE 50 BRAND/PRODUCT COMPARISON 248
FIGURE 51 FINANCIAL METRICS (EV/EBITDA) 249
FIGURE 52 COMPANY VALUATION (USD BILLION) 249
FIGURE 53 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025 251
FIGURE 54 COMPANY FOOTPRINT 252
FIGURE 55 COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2025 256
FIGURE 56 NESTE: COMPANY SNAPSHOT 278
FIGURE 57 TOTALENERGIES: COMPANY SNAPSHOT 283
FIGURE 58 ENI S.P.A.: COMPANY SNAPSHOT 290
FIGURE 59 OMV AKTIENGESELLSCHAFT: COMPANY SNAPSHOT 295
FIGURE 60 SHELL INTERNATIONAL B.V.: COMPANY SNAPSHOT 301
FIGURE 61 LANZATECH: COMPANY SNAPSHOT 303
FIGURE 62 GEVO, INC.: COMPANY SNAPSHOT 308
FIGURE 63 REPSOL: COMPANY SNAPSHOT 328
FIGURE 64 PHILLIPS 66: COMPANY SNAPSHOT 333
FIGURE 65 RESEARCH DESIGN MODEL 342
FIGURE 66 RESEARCH DESIGN 343
FIGURE 67 INSIGHTS FROM INDUSTRY EXPERTS 346
FIGURE 68 BOTTOM-UP APPROACH 347
FIGURE 69 TOP-DOWN APPROACH 347
FIGURE 70 DATA TRIANGULATION 348