According to a new report by UnivDatos Market Insights, the Europe Sustainable Aviation Fuel Market was valued at USD 351.36 million in 2023 and is projected to reach USD 5,449.58 million by 2032, growing at a CAGR of 32.1%. The European aviation industry is currently at the forefront of efforts to make air travel greener across the world. Airlines, airports, and policymakers in the continent have spoken in one voice in their quest to adopt green fuel sources. Sustainable Aviation Fuel derived from recycled sources like used cooking oil, municipal solid waste, and agricultural residues is considered the best solution to address this challenge. For instance, the International Air Transport Association (IATA) reported that European airlines are leading in SAF usage, accounting for over 80% of all SAF consumed globally in 2022. Additionally, according to a June 2023 report by Eurocontrol, Europe's air navigation safety organization, 35 European airports now have regular SAF supply available, a 250% increase from 2021.

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Regulatory Landscape and Government Initiatives

The EU has issued a strong signal with its regulatory framework for the uptake of SAFs. In July 2023, the European Parliament formally adopted the ReFuelEU Aviation regulation, which mandates that all aviation fuel supplied at EU airports must contain a minimum share of sustainable fuel: By 2025, it should be at least 2%, by 2030 at least 6%, and an impressive 70% by 2050. The long-term nature of this legislation effectively sends a continuous signal to the market to continue investing in the production of SAFs. However, specific nations are also implementing other measures. In January 2023, the Netherlands became the first country in the world to implement a particular SAF blending mandate of 1 % from 2023, which is gradually rising to 14% by 2030. In the same manner, in March 2023, France declared it would introduce a 1% SAF blending mandate from 2024 up to 10% by 2030.

Strategic Partnerships and Investments

The SAF European market has also experienced an uptick in new propositions of strategic alliances and big investments. In 2022, Airbus, the world’s largest aircraft manufacturer, entered an MoU with Neste, the world’s leading producer of SAFs, to increase the production and use of various SAF categories. The collaboration creates the goal of achieving SAF inclusion for all Airbus aircraft with a year-by-year label toward fully effective by 2030.

In 2024, International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling, and LEVEL, announced its largest Sustainable Aviation Fuel (SAF) purchase agreement to date for nearly 1 billion liters of SAF, with Twelve, a company that produces a synthetic aviation fuel made from CO2, water, and renewable energy known as e-SAF.

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Conclusion

The European Sustainable Aviation Fuel market has set its course for extraordinary growth, fueled by the region's sustainability, pioneering regulatory policies, strong collaborative industry players, and advanced technological advancements. As the aviation industry in Europe strives to achieve the laid-down environmental goals and targets, the utilization of SAF is expected to grow rapidly to enhance the market’s shift towards sustainability.