“Expansion of Biofuels in Sustainable Aviation Fuel (SAF) Production”
- The growing demand for low-carbon aviation fuel is driving the expansion of biofuels in Sustainable Aviation Fuel (SAF) production, as airlines and governments seek to reduce carbon emissions and comply with net-zero targets
- Regulatory frameworks and financial incentives are accelerating investments in biorefineries, feedstock development, and advanced biofuel conversion technologies, ensuring a steady supply of SAF
- Innovations in waste-based feedstocks, algae-derived biofuels, and synthetic SAF production are enhancing the scalability and cost-effectiveness of bio-based aviation fuels
For instance,
- In February 2024, United Airlines partnered with Neste to scale up SAF adoption across its fleet, supporting its commitment to net-zero emissions by 2050
- In November 2023, the U.K. government introduced a USD 213.91 million SAF mandate to accelerate the development of domestic bio-based jet fuel production
- In August 2023, Airbus successfully tested a 100% SAF-powered flight, demonstrating the feasibility of biofuels as a primary aviation fuel alternative.
- As aviation decarbonization efforts intensify and the demand for sustainable fuel alternatives grows, biofuels will remain a critical enabler of net-zero emissions in the aviation industry, fostering long-term environmental and economic benefits
Frequently Asked Questions
The market is segmented based on Segmentation, By Fuel Type (Biodiesel, Ethanol, Bioethanol, Propanol, Butanol, Methanol, and Biogas), Application (Transportation, Aviation, Energy Generation, Heating, and Others), Form (Solid, Fuel Pellets Liquid, and Gaseous), Feedstock Type (Palm Oil, Jatropha, Sugar Crop, Coarse Grain, and Others) - Industry Trends and Forecast to 2032
.
The Global Biofuels Market size was valued at USD 3.27 USD Billion in 2024.
The Global Biofuels Market is projected to grow at a CAGR of 7% during the forecast period of 2025 to 2032.
The major players operating in the market include Neste, Infinita Biotech Private Limited, Marseglia Group SPA, Glencore, Louis Dreyfus Company.
The market report covers data from the North America.
