Market Size of Renewable Aviation Fuel Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 6.58 Billion |
| Market Size (2029) | USD 45.37 Billion |
| CAGR (2024 - 2029) | 47.16 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
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 6.58 billion in 2024, and is expected to reach USD 45.37 billion by 2029, growing at a CAGR of 47.16% during the forecast period (2024-2029).
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.
