Sustainability and Environment
Study: SAF Will Be $10 Billion Industry by 2029
A study released this week by Exactitude Consultancy sees the SAF market growing by more than 60 percent a year through 2029.
World Energy's SAF production facility in Paramount, California.
The sustainable aviation fuel market is anticipated to grow from a $85 million market at the beginning of the decade to one worth nearly $10 billion by 2029. (Photo: Curt Epstein/AIN)

A study released this week projects the sustainable aviation fuel (SAF) market will reach a value of nearly $10 billion by 2029, with a compound annual growth rate (CAGR) of 60.8 percent. The report by Exactitude Consultancy said the SAF market was worth $85 million last year.

SAF is widely considered one of the crucial legs in aviation’s decarbonization plans. While it is currently approved for use only up to a 50 percent blend with conventional jet-A, neat SAF can provide lifecycle carbon emission savings of approximately 80 percent, as well as offer even higher reductions of harmful particulates and sulfur.

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