The study involved four major activities in estimating the current market size for the sustainable aviation fuel market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
The market size for sustainable aviation fuel was derived through secondary data available from paid and unpaid sources. It was also estimated by analyzing the application areas of sustainable aviation fuel in different aircraft types and their overall consumption in the market.
In the secondary research process, various secondary sources were referred to identify and collect information for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturers associations; directories; and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, market’s monetary chain, total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives. Some other sources include the International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), International Energy Agency (IEA), International Renewable Energy Agency (IRENA), Nordic Energy Research, European Union Aviation Safety Agency (EASA), Boeing Commercial Outlook, Federal Aviation Administration (FAA), and General Aviation Manufacturers Association, among others.
Secondary research was used to obtain key information about the industry’s value chain and supply chain to identify key players by various products, services, market classifications, and segmentation according to offerings of major players and industry trends related to technology, application, vertical, and region, and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as CXOs, VPs, directors, regional managers, business and product development teams, distributors, and vendors and related key executives from sustainable aviation fuel stakeholders such as Shell, SkyNRG, Gevo, Harambe-Renewable Energy Group, and CLS Energy Consultancy Limited, service providers; professional and managed service providers; industry associations (IATA, EASA, IRENA, etc.); independent security consultants and importers; distributors; and key opinion leaders.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the sustainable aviation fuel market. The research methodology used to estimate the size of the market includes the following details.
Key players in the market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews with industry stakeholders such as CEOs, technical advisors, military experts, aircraft maintenance professionals, and SMEs of leading companies operating in the market.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the sustainable aviation fuel market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-up approach
The bottom-up approach was employed to arrive at the overall size of the global sustainable aviation fuel market from the volume data of sustainable aviation fuel and the average pricing of all product types, including biofuel and hydrogen. These calculations led to the estimation of the overall market size. This approach was also used for the platform and region segments of the report.
Market Size Estimation: Bottom-Up Approach (Supply Side)

Top-Down Approach
In the top-down approach, the overall market size was used to estimate the size of the individual markets (mentioned in market segmentation) through percentage splits obtained from secondary and primary research.
For calculation of the specific market segments, airlines using or adopting sustainable aviation fuels were tracked down country-wise. The data extracted consisted of total sustainable aviation fuel consumed by airlines in a particular year, depending on the total distance that would be covered by the aircraft in the round trip. The bottom-up approach was also implemented to validate the market segment revenues obtained. With data triangulation procedure and validation of data through primaries, the overall parent market size and each market size were determined and confirmed in this study. The data triangulation procedure used for this study is explained in the market breakdown and triangulation section.
Market Size Estimation: Top-Down Approach

Data Triangulation and Validation
After arriving at the overall market size through the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedure explained below was implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.
Market Definition
The Sustainable Aviation Fuel (SAF) market revolves around the production, distribution, and adoption of aviation fuels derived from renewable sources, aiming to curb greenhouse gas emissions in the aviation sector. This market includes diverse feedstock sources, production technologies, and blending processes, with a keen focus on regulatory frameworks promoting sustainable practices. Airlines, aircraft manufacturers, and investors contribute to the market's growth by adopting SAF, fostering infrastructure development, and supporting environmental impact assessments. With a strong emphasis on education and awareness, the SAF market is a dynamic ecosystem striving to mitigate the environmental impact of air travel through the widespread use of eco-friendly aviation fuels.
Key Stakeholders
The SAF (Sustainable Aviation Fuel) market ecosystem involves a diverse array of key stakeholders committed to transforming the aviation industry toward greater sustainability. Primary stakeholders include airlines, aircraft manufacturers, and fuel producers, who play pivotal roles in adopting and promoting SAF. Government agencies and regulatory bodies are crucial stakeholders, shaping policies, standards, and incentives to encourage SAF adoption. Additionally, research institutions and technology developers contribute by advancing production methods and improving the efficiency of SAF. Financial institutions and investors are increasingly recognizing the economic potential of sustainable aviation, supporting the growth of SAF through funding and strategic investments. Finally, consumers and environmental advocacy groups are influential stakeholders, advocating for sustainable practices and influencing market demand. The collaborative efforts of these stakeholders are essential for driving the development and widespread adoption of SAF, thereby reducing the aviation industry's carbon footprint.
Report Objectives
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To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the sustainable aviation fuel market
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To analyze the impact of macro and micro indicators on the market
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To forecast the market size of segments for five regions, namely, North America, Europe, Asia Pacific, Middle East, and Latin America. Along with major countries in each of these regions
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To strategically analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
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To strategically profile key market players and comprehensively analyze their market ranking and core competencies
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To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, and expansions.
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To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market
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To define, describe, segment, and forecast the sustainable aviation fuel market on the basis of fuel type, biofuel manufacturing technology, blending capacity, platform, and region
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
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Further breakdown of the market segments at the country level
Company Information
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Detailed analysis and profiling of additional market players (up to 6)
ANDREY
Aug, 2022
Can you provide details of companies which buy and sell Aviation Fuel along with their specific preferences? .