세계의 지속가능 항공 연료(SAF) 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of sustainable aviation fuel (SAF) Market

The global sustainable aviation fuel (SAF) market is rapidly transforming the aviation industry's decarbonization efforts. In 2024, the market reached USD 1,845.19 million, driven by rising pressure to reduce carbon emissions, increased corporate sustainability commitments, and expanding government mandates. The market is expected to grow significantly to USD 2,723.78 million in 2025, supported by large-scale SAF procurement agreements and substantial investments in production technologies. By 2032, the SAF market is projected to reach an impressive USD 28,636.36 million, exhibiting a robust CAGR of 39.95% from 2025 to 2032.

North America dominated the market in 2024 with a 46% share, fueled by strong policy support, tax incentives, and initiatives such as the U.S. SAF Grand Challenge, targeting 3 billion gallons of annual production by 2030. SAF's importance continues to rise as aviation accounts for 2% of global CO2 emissions and 12% of transportation-sector emissions. More than 360,000 commercial flights across 46 airports used SAF in 2024, according to ICAO, reflecting rapid global adoption.

Market Dynamics

Drivers: Accelerating Demand for Low-Carbon Alternatives

Growing awareness of climate change, combined with aviation's increasing emissions footprint, is driving airlines to transition to sustainable fuels. SAF can reduce lifecycle CO2 emissions by up to 80%, depending on feedstock and production method. As IATA estimates that 65% of aviation emission reductions needed for net-zero by 2050 will come from SAF, the urgency for large-scale production has never been greater.

Government intervention is also boosting adoption. Mandates such as the EU's ReFuelEU, requiring 2% SAF use by 2025, and the U.K.'s SAF mandate beginning in 2025, are pushing airlines toward higher blending ratios. In the U.S., 2024 policy changes allowed ethanol-based feedstocks to qualify for SAF subsidies, increasing investor confidence.

Opportunities: Technological Innovation and Scaling Production

New technologies are emerging rapidly. HEFA-SPK remains the dominant SAF production pathway due to feedstock flexibility, but alternatives like Alcohol-to-Jet and Fischer-Tropsch (FT) are expanding. In 2024, Honeywell introduced a new biomass-to-SAF hydrocracking technology capable of reducing emissions by 90% versus fossil-based jet fuel. The world's first commercial ethanol-to-jet SAF plant, LanzaJet's Freedom Pines Fuels, also opened in 2024, marking a major milestone.

Global corporate initiatives are accelerating market growth. Major airlines across the U.S., Europe, and Asia are adopting SAF to meet sustainability targets. Recent agreements include Air Canada's procurement of 60,000 tons, Singapore Airlines' purchase of 1,000 tons, and Boeing's acquisition of 7.5 million gallons of blended SAF in 2024.

Restraints: High Cost and Feedstock Constraints

Despite strong momentum, SAF adoption is hindered by high production costs-currently 2 to 7 times higher than conventional jet fuel. In 2023, SAF averaged USD 2,500 per ton, approximately 2.8X the cost of traditional jet fuel. Feedstock scarcity-especially for used cooking oil, tallow, and waste fats-further limits production capacity. SkyNRG reports that achieving global SAF demand in 2050 would require 500-800 new SAF facilities and approximately USD 1 trillion in investment, reflecting the enormous scale required.

Segmentation Highlights

Biofuel dominated SAF types in 2024 with an 87% market share, due to compatibility with existing aircraft and infrastructure.

HEFA-SPK led the technology segment, while ATJ-SPK is projected to grow fastest due to flexible alcohol feedstock options.

In blending capacity, the 30-50% segment dominated in 2024 as airlines increased SAF blending to achieve net-zero targets.

The commercial aviation segment held the largest share due to rising airline sustainability commitments.

By application, fixed-wing aircraft dominated in 2024, supported by OEM testing and government incentives.

Regional Insights

North America remained the largest regional market, valued at USD 1,264.61 million in 2024. Strong policy frameworks and leading SAF suppliers, such as Neste and World Energy, continue to support expansion.

Europe ranked second, anchored by its aggressive emission-reduction mandates. The region is forecast to reach USD 886.60 million in 2025, driven by large SAF procurement contracts and strict regulatory obligations.

Asia Pacific is expanding due to rapid air-traffic growth and new SAF initiatives in China, Japan, Australia, and India.

Latin America and Africa are emerging markets, supported by abundant biomass and favorable government policies such as Brazil's Fuel of the Future Law (2024).

Conclusion

With market value rising from USD 1,845.19 million in 2024 to USD 28,636.36 million by 2032, Sustainable Aviation Fuel is positioned as the most critical pillar of aviation's decarbonization pathway. Despite cost barriers and feedstock challenges, expanding technologies, supportive regulations, and large-scale airline commitments will drive unprecedented growth through 2032.

Segmentation By Type, Technology, Blending Capacity, End Use, and Application

By Type

• Biofuel
• Synthetic Fuel

By Technology

• HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
• FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
• ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
• Others

By Blending Capacity

• 5 to 30%
• 30 to 50%
• Above 50%

By End Use

• Commercial Aviation
• Military Aviation
• Others

By Application

• Fixed-Wing Aircraft
• Rotary-Wing Aircraft

By Region * North America (By Type, Technology, Blending Capacity, End Use, Application, and Country)

• U.S. (By Type)
• Canada (By Type)
• Europe (By Type, Technology, Blending Capacity, End Use, Application, and Country)
  • UK (By Type)
  • Germany (By Type)
  • France (By Type)
  • Russia (By Type)
  • Rest of Europe (By Type)
• Asia Pacific (By Type, Technology, Blending Capacity, End Use, Application, and Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • South Korea (By Type)
  • Rest of Asia Pacific (By Type)
• Rest of the World (By Type, Technology, Blending Capacity, End Use, Application, and Sub-Region)
  • Latin America (By Type)
  • Middle East & Africa (By Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. Supply Chain Analysis
• 4.5. Qualitative Insights - Impact of COVID-19 Pandemic on Global Sustainable Aviation Fuel (SAF) Market

5. Global Sustainable Aviation Fuel (SAF) Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Type
  • 5.2.1. Biofuel
  • 5.2.2. Synthetic Fuel
• 5.3. Market Analysis, Insights and Forecast - By Technology
  • 5.3.1. HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
  • 5.3.2. FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
  • 5.3.3. ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
  • 5.3.4. Others
• 5.4. Market Analysis, Insights and Forecast - By Blending Capacity
  • 5.4.1. 5% to 30%
  • 5.4.2. 30% to 50%
  • 5.4.3. Above 50%
• 5.5. Market Analysis, Insights and Forecast - By End Use
  • 5.5.1. Commercial Aviation
  • 5.5.2. Military Aviation
  • 5.5.3. Others
• 5.6. Market Analysis, Insights and Forecast - By Application
  • 5.6.1. Fixed-Wing Aircraft
  • 5.6.2. Rotary-Wing Aircraft
• 5.7. Market Analysis, Insights and Forecast - By Region
  • 5.7.1. North America
  • 5.7.2. Europe
  • 5.7.3. Asia Pacific
  • 5.7.4. Rest of the World

6. North America Sustainable Aviation Fuel (SAF) Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Type
  • 6.1.1. Biofuel
  • 6.1.2. Synthetic Fuel
• 6.2. Market Analysis, Insights and Forecast - By Technology
  • 6.2.1. HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
  • 6.2.2. FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
  • 6.2.3. ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
  • 6.2.4. Others
• 6.3. Market Analysis, Insights and Forecast - By Blending Capacity
  • 6.3.1. 5% to 30%
  • 6.3.2. 30% to 50%
  • 6.3.3. Above 50%
• 6.4. Market Analysis, Insights and Forecast - By End Use
  • 6.4.1. Commercial Aviation
  • 6.4.2. Military Aviation
  • 6.4.3. Others
• 6.5. Market Analysis, Insights and Forecast - By Application
  • 6.5.1. Fixed-Wing Aircraft
  • 6.5.2. Rotary-Wing Aircraft
• 6.6. Market Analysis, Insights and Forecast - By Country
  • 6.6.1. U.S.
    • 6.6.1.1. Market Analysis, Insights and Forecast - By Type
      • 6.6.1.1.1. Biofuel
      • 6.6.1.1.2. Synthetic Fuel
  • 6.6.2. Canada
    • 6.6.2.1. Market Analysis, Insights and Forecast - By Type
      • 6.6.2.1.1. Biofuel
      • 6.6.2.1.2. Synthetic Fuel

7. Europe Sustainable Aviation Fuel (SAF) Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Type
  • 7.1.1. Biofuel
  • 7.1.2. Synthetic Fuel
• 7.2. Market Analysis, Insights and Forecast - By Technology
  • 7.2.1. HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
  • 7.2.2. FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
  • 7.2.3. ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
  • 7.2.4. Others
• 7.3. Market Analysis, Insights and Forecast - By Blending Capacity
  • 7.3.1. 5% to 30%
  • 7.3.2. 30% to 50%
  • 7.3.3. Above 50%
• 7.4. Market Analysis, Insights and Forecast - By End Use
  • 7.4.1. Commercial Aviation
  • 7.4.2. Military Aviation
  • 7.4.3. Others
• 7.5. Market Analysis, Insights and Forecast - By Application
  • 7.5.1. Fixed-Wing Aircraft
  • 7.5.2. Rotary-Wing Aircraft
• 7.6. Market Analysis, Insights and Forecast - By Country
  • 7.6.1. UK
    • 7.6.1.1. Market Analysis, Insights and Forecast - By Type
      • 7.6.1.1.1. Biofuel
      • 7.6.1.1.2. Synthetic Fuel
  • 7.6.2. France
    • 7.6.2.1. Market Analysis, Insights and Forecast - By Type
      • 7.6.2.1.1. Biofuel
      • 7.6.2.1.2. Synthetic Fuel
  • 7.6.3. Germany
    • 7.6.3.1. Market Analysis, Insights and Forecast - By Type
      • 7.6.3.1.1. Biofuel
      • 7.6.3.1.2. Synthetic Fuel
  • 7.6.4. Russia
    • 7.6.4.1. Market Analysis, Insights and Forecast - By Type
      • 7.6.4.1.1. Biofuel
      • 7.6.4.1.2. Synthetic Fuel
  • 7.6.5. Rest of Europe
    • 7.6.5.1. Market Analysis, Insights and Forecast - By Type
      • 7.6.5.1.1. Biofuel
      • 7.6.5.1.2. Synthetic Fuel

8. Asia Pacific Sustainable Aviation Fuel (SAF) Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Type
  • 8.1.1. Biofuel
  • 8.1.2. Synthetic Fuel
• 8.2. Market Analysis, Insights and Forecast - By Technology
  • 8.2.1. HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
  • 8.2.2. FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
  • 8.2.3. ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
  • 8.2.4. Others
• 8.3. Market Analysis, Insights and Forecast - By Blending Capacity
  • 8.3.1. 5% to 30%
  • 8.3.2. 30% to 50%
  • 8.3.3. Above 50%
• 8.4. Market Analysis, Insights and Forecast - By End Use
  • 8.4.1. Commercial Aviation
  • 8.4.2. Military Aviation
  • 8.4.3. Others
• 8.5. Market Analysis, Insights and Forecast - By Application
  • 8.5.1. Fixed-Wing Aircraft
  • 8.5.2. Rotary-Wing Aircraft
• 8.6. Market Analysis, Insights and Forecast - By Country
  • 8.6.1. China
    • 8.6.1.1. Market Analysis, Insights and Forecast - By Type
      • 8.6.1.1.1. Biofuel
      • 8.6.1.1.2. Synthetic Fuel
  • 8.6.2. Japan
    • 8.6.2.1. Market Analysis, Insights and Forecast - By Type
      • 8.6.2.1.1. Biofuel
      • 8.6.2.1.2. Synthetic Fuel
  • 8.6.3. India
    • 8.6.3.1. Market Analysis, Insights and Forecast - By Type
      • 8.6.3.1.1. Biofuel
      • 8.6.3.1.2. Synthetic Fuel
  • 8.6.4. South Korea
    • 8.6.4.1. Market Analysis, Insights and Forecast - By Type
      • 8.6.4.1.1. Biofuel
      • 8.6.4.1.2. Synthetic Fuel
  • 8.6.5. Rest of Asia Pacific
    • 8.6.5.1. Market Analysis, Insights and Forecast - By Type
      • 8.6.5.1.1. Biofuel
      • 8.6.5.1.2. Synthetic Fuel

9. Rest of the World Sustainable Aviation Fuel (SAF) Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Type
  • 9.1.1. Biofuel
  • 9.1.2. Synthetic Fuel
• 9.2. Market Analysis, Insights and Forecast - By Technology
  • 9.2.1. HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene)
  • 9.2.2. FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene)
  • 9.2.3. ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene)
  • 9.2.4. Others
• 9.3. Market Analysis, Insights and Forecast - By Blending Capacity
  • 9.3.1. 5% to 30%
  • 9.3.2. 30% to 50%
  • 9.3.3. Above 50%
• 9.4. Market Analysis, Insights and Forecast - By End Use
  • 9.4.1. Commercial Aviation
  • 9.4.2. Military Aviation
  • 9.4.3. Others
• 9.5. Market Analysis, Insights and Forecast - By Application
  • 9.5.1. Fixed-Wing Aircraft
  • 9.5.2. Rotary-Wing Aircraft
• 9.6. Market Analysis, Insights and Forecast - By Country
  • 9.6.1. Latin America
    • 9.6.1.1. Market Analysis, Insights and Forecast - By Type
      • 9.6.1.1.1. Biofuel
      • 9.6.1.1.2. Synthetic Fuel
  • 9.6.2. The Middle East and Africa
    • 9.6.2.1. Market Analysis, Insights and Forecast - By Type
      • 9.6.2.1.1. Biofuel
      • 9.6.2.1.2. Synthetic Fuel

10. Competitive Analysis

• 10.1. Global Market Rank Analysis (2022)
• 10.2. Competitive Dashboard

11. Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))

• 11.1. Neste (Finland)
• 11.2. World Energy (U.S.)
• 11.3. Gevo, Inc. (U.S.)
• 11.4. Alder Fuels (U.S.)
• 11.5. SkyNRG (Netherlands)
• 11.6. Air BP (UK)
• 11.7. Shell Aviation (Netherlands)
• 11.8. TotalEnergies (France)
• 11.9. Vitol Aviation (Switzerland)
• 11.10. LanzaTech (U.S.)
• 11.11. Fulcrum Bioenergy (U.S.)