Renewable Aviation Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Renewable Aviation Fuel Market Report Covers Renewable Jet Fuel Companies and is Segmented by Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AtJ)), Application (Commercial and Defense), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Renewable Aviation Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Renewable Aviation Fuel Market Size

Renewable Aviation Fuel Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 9.68 Billion
Market Size (2030) USD 66.83 Billion
CAGR (2025 - 2030) 47.16 %
Fastest Growing Market North America
Largest Market North America

Major Players

Renewable Aviation Fuel Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Renewable Aviation Fuel Market Analysis

The Renewable Aviation Fuel Market size is estimated at USD 9.68 billion in 2025, and is expected to reach USD 66.83 billion by 2030, at a CAGR of 47.16% during the forecast period (2025-2030).

The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

  • Over the long term, factors such as increased government regulations for greenhouse gas emissions, and encouraging production and consumption of renewable aviation fuel are likely to drive the renewable aviation fuel market during the forecast period.
  • On the other hand, high costs of renewable aviation fuel are expected to restrain the growth of renewable aviation fuel market.
  • Nevertheless, increasing demand from emerging regions like southeast asia are exoected to create lucrative opportunities for the renewable aviation fuel market in the forecat period.
  • North America is likely to dominate the renewable aviation fuel market during the forecast period, with a majority of the demand coming from countries like the United States and Canada.

Renewable Aviation Fuel Industry Overview

The renewable aviation fuel market is moderately fragmented. Some of the major players in the market (in no particular order) include TotaEnergies SE, Neste Oyj, Swedish Biofuels AB, Gevo Inc., and SG Preston Company.

Renewable Aviation Fuel Market Leaders

  1. Swedish Biofuels AB

  2. TotalEnergies SE

  3. Neste Oyj

  4. SG Preston Company

  5. Gevo Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Renewable Aviation Fuel Market Concentration
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Renewable Aviation Fuel Market News

  • In May 2023, Twelve and Etihad Airways, the national carrier of the United Arab Emirates, signed a Memorandum of Understanding (MOU) to collaborate on the advancement of E-Jet® fuel, Twelve's sustainable aviation fuel (SAF) made from CO2 and renewable energy, as well as plans for an international demonstration flight and a supply roadmap that will support Etihad's sustainability strategy.
  • In February 2022, Engie SA and the US engineering company Infinium Holdings announced a EUR 500-million project to produce renewable aviation and maritime fuels in northern France. The final investment decision for the project is planned for the end of 2023, with commercial operations expected to start in 2026.
  • In February 2022, Boeing announced a supply agreement for two million gallons of blended renewable aviation fuel with EPIC Fuels to power its commercial operations in Washington State and South Carolina by the end of 2022.

Renewable Aviation Fuel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2028
  • 4.3 Government Policies and Regulations
  • 4.4 Recent Trends and Developments
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increased Government Regulations for Greenhouse Gas Emissions
    • 4.5.1.2 Encouraging Production and Consumption of Renewable Aviation Fuel
    • 4.5.2 Restraints
    • 4.5.2.1 The High Costs of Renewable Aviation Fuel
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Fischer-Tropsch (FT)
    • 5.1.2 Hydroprocessed Esters and Fatty Acids (HEFA)
    • 5.1.3 Synthesisized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)
  • 5.2 Application
    • 5.2.1 Commercial
    • 5.2.2 Defense
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States of America
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of the North America
    • 5.3.2 Asia-Pacific
    • 5.3.2.1 China
    • 5.3.2.2 India
    • 5.3.2.3 Japan
    • 5.3.2.4 Rest of the Asia-Pacific
    • 5.3.3 Europe
    • 5.3.3.1 United Kingdom
    • 5.3.3.2 France
    • 5.3.3.3 Germany
    • 5.3.3.4 Rest of the Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of the South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Qatar
    • 5.3.5.4 Rest of the Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 TotalEnergies SE
    • 6.3.2 Neste Oyj
    • 6.3.3 Swedish Biofuels AB
    • 6.3.4 Red Rock Biofuels LLC
    • 6.3.5 Gevo Inc.
    • 6.3.6 Honeywell International Inc.
    • 6.3.7 Fulcrum BioEnergy Inc.
    • 6.3.8 SG Preston Company
    • 6.3.9 LanzaTech Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Demand from Emerging Regions like Southeast Asia
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Renewable Aviation Fuel Industry Segmentation

Renewable aviation fuel (RAF), often considered sustainable aviation fuel (SAF), is a clean substitute for fossil jet fuels. SAF is produced from sustainable resources, such as waste oils from a biological origin, agriculture residues, or non-fossil CO2. The Renewable Aviation Fuel market is segmented by technology, application and geography. By technology, the market is segmented as Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT). By application, the market is semented into commercial. By geography, the market is segmented as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done based on revenue (in USD million).

Technology Fischer-Tropsch (FT)
Hydroprocessed Esters and Fatty Acids (HEFA)
Synthesisized Iso-Paraffinic (SIP) and Alcohol-to-Jet (AJT)
Application Commercial
Defense
Geography North America United States of America
Canada
Rest of the North America
Asia-Pacific China
India
Japan
Rest of the Asia-Pacific
Europe United Kingdom
France
Germany
Rest of the Europe
South America Brazil
Argentina
Rest of the South America
Middle-East and Africa United Arab Emirates
Saudi Arabia
Qatar
Rest of the Middle-East and Africa
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Renewable Aviation Fuel Market Research FAQs

How big is the Renewable Aviation Fuel Market?

The Renewable Aviation Fuel Market size is expected to reach USD 9.68 billion in 2025 and grow at a CAGR of 47.16% to reach USD 66.83 billion by 2030.

What is the current Renewable Aviation Fuel Market size?

In 2025, the Renewable Aviation Fuel Market size is expected to reach USD 9.68 billion.

Who are the key players in Renewable Aviation Fuel Market?

Swedish Biofuels AB, TotalEnergies SE, Neste Oyj, SG Preston Company and Gevo Inc. are the major companies operating in the Renewable Aviation Fuel Market.

Which is the fastest growing region in Renewable Aviation Fuel Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Renewable Aviation Fuel Market?

In 2025, the North America accounts for the largest market share in Renewable Aviation Fuel Market.

What years does this Renewable Aviation Fuel Market cover, and what was the market size in 2024?

In 2024, the Renewable Aviation Fuel Market size was estimated at USD 5.11 billion. The report covers the Renewable Aviation Fuel Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Renewable Aviation Fuel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Aviation Fuel Industry Report

The Global Renewable Aviation Fuel Market Report provides a comprehensive industry analysis, focusing on various technologies such as Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AtJ). The report covers both commercial and defense applications and includes a detailed market forecast.

The industry research highlights the market growth and market leaders in the renewable aviation fuel sector. The report also offers a market overview and market segmentation by geography, including North America, Europe, Asia-Pacific, South America, and the Middle-East and Africa.

Readers can gain valuable insights from the industry reports, which include market trends and industry statistics. The report provides an industry outlook, detailing the market size and market value. Additionally, it offers a market review and market predictions, helping stakeholders understand the market data and market outlook.

The report example includes a free report PDF download, which features extensive industry information and industry sales figures. The industry trends and market forecast are crucial for understanding the future market growth and market segmentation.

This comprehensive market report is essential for research companies and provides a detailed industry overview, market analysis, and industry statistics. The report's findings are based on thorough industry research, making it a valuable resource for understanding the renewable aviation fuel market.