U.S. Sustainable Aviation Fuel Market Size, Share, By Fuel Type (Biofuel, Hydrogen Fuel, and Power to Liquid Fuel), By Biofuel Manufacturing Technology (Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), and Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)), By Biofuel Blending Capacity (Below 30%, 30% to 50%, and Above 50%), By Platform (Commercial Aviation, Military Aviation, Business & General Aviation, and Unmanned Aerial Vehicle) and By U.S. - Trends, Analysis and Forecast till 2034

Report Code: PMI526724 | Publish Date: June 2024 | No. of Pages: 167

Us Sustainable Aviation Fuel Market Overview

U.S. Sustainable Aviation Fuel Market Size was valued at 0.31 billion in 2024 and is projected to grow at a CAGR of 11.9% to reach US$ 0.86 billion by 2034.

U.S. Sustainable Aviation Fuel Market represents a pivotal sector within the aviation industry, propelled by the increasing global emphasis on sustainability and environmental conservation. Sustainable aviation fuel (SAF) is a promising alternative to conventional fossil-based jet fuels, offering reduced carbon emissions and environmental impact. As the aviation sector faces mounting pressure to mitigate its carbon footprint, the demand for sustainable aviation fuel in the U.S. continues to surge. This market is characterized by innovative advancements in biofuel production technologies, strategic partnerships between industry stakeholders, and supportive government initiatives promoting renewable energy sources. With a growing focus on decarbonization and green aviation solutions, the U.S. Sustainable Aviation Fuel Market presents lucrative opportunities for investors, manufacturers, and stakeholders aiming to drive environmental stewardship and foster a more sustainable future for air travel.

Us Sustainable Aviation Fuel Market Dynamics

U.S. Sustainable Aviation Fuel Market Drivers:

Booming Aviation Industry in the United States

The thriving aviation sector is driving considerable growth in the U.S. Sustainable Aviation Fuel (SAF) market. Growing awareness of the effects traditional fossil fuels used in aviation have on the environment results from expanding air travel. Sustainable aviation fuels are a viable way to lessen greenhouse gas emissions and slow global warming. They are made from renewable feedstock, including algae, waste oils, and agricultural wastes. Government programs are driving the development of SAF in the United States; the airline promises carbon neutrality and growing customer demand for eco-friendly travel alternatives. Sustainable aviation fuel is a significant factor in the U.S. aviation sector's shift to greener and more sustainable operations, as seen by the industry's rapid expansion fueled by biofuel production technology developments and supporting regulatory frameworks.

Sustainability Initiatives Propelling the Growth of the U.S. Sustainable Aviation Fuel Market

The growing need for environmentally friendly aircraft solutions is the main driver of the U.S. Sustainable aircraft Fuel (SAF) Market. Within the aviation business, there is a growing agreement to lower carbon emissions and implement more sustainable practices as environmental concerns continue to gain support worldwide. Compared to traditional jet fuels, sustainable aviation fuel, made from renewable feedstock, offers a practical way to mitigate this problem by drastically lowering greenhouse gas emissions. To accomplish sustainability targets, adhere to emissions restrictions, and satisfy consumer desires for eco-friendly travel alternatives, airlines, aircraft manufacturers, and regulatory authorities in the United States are progressively adopting SAF.

U.S. Sustainable Aviation Fuel Market Restrains:

High Investment Requirement

The high initial investment required to establish sustainable aviation fuel (SAF) production facilities is a significant restraining factor in the U.S. market. Developing infrastructure for the production of SAF involves substantial capital expenditure, including costs associated with plant construction, equipment procurement, research and development, and regulatory compliance. Moreover, SAF production facilities often require specialized technology and expertise, further increasing the investment burden. For many potential investors, the financial risk associated with such large-scale projects presents a deterrent, particularly in an industry where returns on investment may take time to materialize. Consequently, the high investment barrier limits the number of players entering the market and slows the overall growth of the U.S. Sustainable Aviation Fuel Market.

Us Sustainable Aviation Fuel Market Segmentation

U.S. Sustainable Aviation Fuel Market is segmented based on Fuel Type, Biofuel Manufacturing Technology, Biofuel Blending Capacity, Platform and U.S. Region.

U.S. Sustainable Aviation Fuel Market Report Scope:

Attribute

Details

Market Size 2024

US$ 0.31 billion

Projected Market Size 2034

US$ 0.86 billion

CAGR Growth Rate

11.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Fuel Type - Biofuel, Hydrogen Fuel, and Power to Liquid Fuel

By Biofuel Manufacturing Technology - Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), and Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)

By Blending Capacity - Below 30%, 30% to 50%, and Above 50%

By Platform - Commercial Aviation, Military Aviation, Business & General Aviation, and Unmanned Aerial Vehicle

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. The purpose of this study, has segmented the Sustainable Aviation Fuel Market report based on Biofuel Type, Biofuel Manufacturing Technology, Blending Capacity, Platform and Country:

U.S. Sustainable Aviation Fuel Market, By Biofuel Type:

  • Biofuel
  • Hydrogen Fuel
  • Power to Liquid Fuel   

U.S. Sustainable Aviation Fuel Market, By Biofuel Manufacturing Technology:

  • Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
  • Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)   

U.S. Sustainable Aviation Fuel Market, By Blending Capacity:

  • Below 30%
  • 30% to 50%
  • Above 50%

U.S. Sustainable Aviation Fuel Market, By Platform:

  • Commercial Aviation
  • Military Aviation
  • Business & General Aviation
  • Unmanned Aerial Vehicle

Us Sustainable Aviation Fuel Market Key Players

The key players operating U.S. Sustainable Aviation Fuel Market include Neste, GEVO, WORLD ENERGY, Eni, Fulcrum BioEnergy, SkyNRG, VELOCYS, Red Rock Biofuels, and S.G. PRESTON COMPANY, HyPoint Inc.

Us Sustainable Aviation Fuel Market Company Profile

  • Neste, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GEVO
  • WORLD ENERGY
  • Eni
  • Fulcrum BioEnergy
  • SkyNRG
  • VELOCYS
  • Red Rock Biofuels
  • S.G. PRESTON COMPANY
  • HyPoint Inc.

"*" marked represents similar segmentation in other categories in the respective section.

Us Sustainable Aviation Fuel Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Manufacturing Method
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Abrasive
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diamond Sawing Tools
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diamond Drilling Tools
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diamond Cutting Tools
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Milling Tools
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diamond Gauging Finger
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  5. Market Segmentation, By Manufacturing Method, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Metal Bonded
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Resin Bonded
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Electroplated
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Ceramic Bonding
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Other
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  6. Market Segmentation, Application, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Turning
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Fly Cutting
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Multi-Axis Milling
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Other
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  7. Market Segmentation, End User, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Machining
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Construction
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Woodworking
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  8. Market Segmentation, By Country, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
  9. Competitive Landscape
  • Heat Map Analysis
  • Company Profiles
    • Neste
    • GEVO
    • WORLD ENERGY
    • Eni
    • Fulcrum BioEnergy
    • SkyNRG
    • Velocys
    • Red Rock Biofuels
    • S.G. PRESTON COMPANY
    • HyPoint Inc.
  • Analyst Views
  • Research Methodology
  • About Us
  • Contact

FAQs

U.S. Sustainable aviation fuel market is segmented into fuel type, biofuel manufacturing technology, blended capacity, platform, and U.S. region.

Booming Aviation Industry and Increasing Demand for Sustainable Options in U.S.

The key players operating the U.S. Sustainable Aviation Fuel Market include Neste, GEVO, WORLD ENERGY, Eni, Fulcrum BioEnergy, SkyNRG, VELOCYS, Red Rock Biofuels, and S.G. PRESTON COMPANY, HyPoint Inc.