The US Sustainable Aviation Fuel Market: A Growing Trend
The US Sustainable Aviation Fuel Market: A Growing Trend
The US sustainable aviation fuel market is expected to reach USD 6.97 billion in 2030, growing at a CAGR of 46.8% from 2024.
The US sustainable aviation fuel market is expected to reach USD 6.97 billion in 2030, growing at a CAGR of 46.8% from 2024.
Rising concerns about carbon emissions drive the shift from conventional fossil fuels to alternative fuels in both military and civil aviation.
Rising concerns about carbon emissions drive the shift from conventional fossil fuels to alternative fuels in both military and civil aviation.
The US government's commitment to reducing emissions has led to tax credits for sustainable aviation fuel, incentivizing production and adoption.
The US government's commitment to reducing emissions has led to tax credits for sustainable aviation fuel, incentivizing production and adoption.
Airlines like United Air, KLM, and JetBlue have begun integrating sustainable aviation fuel in 50% blends with conventional fuels.
Airlines like United Air, KLM, and JetBlue have begun integrating sustainable aviation fuel in 50% blends with conventional fuels.
The US sustainable aviation fuel market is divided into biofuel, hydrogen fuel, power-to-liquid, and gas-to-liquid types.
The US sustainable aviation fuel market is divided into biofuel, hydrogen fuel, power-to-liquid, and gas-to-liquid types.
Biofuels dominate the market, driven by established infrastructure, government incentives, and subsidies.
Biofuels dominate the market, driven by established infrastructure, government incentives, and subsidies.
Advancements in biofuel technologies and scalability in production processes support increasing demand.
Advancements in biofuel technologies and scalability in production processes support increasing demand.
The above 50% biofuel blending capacity segment is expected to grow the fastest during the forecast period.
The above 50% biofuel blending capacity segment is expected to grow the fastest during the forecast period.
Companies like World Energy, LLC, and Fulcrum BioEnergy are driving innovation and growth in the market.
Companies like World Energy, LLC, and Fulcrum BioEnergy are driving innovation and growth in the market.
MarketsandMarkets, a leading market research firm, provides insights and strategies for businesses to grow in the B2B space.
MarketsandMarkets, a leading market research firm, provides insights and strategies for businesses to grow in the B2B space.