Sustainable Aviation Fuel: Market outlook to 2025 and beyond
In recognition of SAF’s role in the future of aviation, and potential for rapidly demand growth, we brought together a team of experts from agriculture, energy and forest markets to explore the outlook to 2025, answering key questions.
The sustainable aviation fuel (SAF) market is entering a period of unprecedented growth. It has emerged as a viable means to decarbonize aviation. Today, SAF prices are 2-3 times higher than its conventional jet fuel counterpart and is only produced by a handful of players, who will need to significantly ramp up production volume to meet this SAF demand.
Key questions addressed in the report:
- How will SAF demand grow to 2025?
- What is the SAF supply potential and cost for key raw materials, by region and globally?
- What will be the most important drivers of SAF demand?
- How is SAF made and what raw materials are required?
- Who are the main producers, and owners of projects for new capacity?
This study will help you and your business to:
- Size up the market – Translate latest regulatory announcements and air travel projections into future size of SAF market
- See the whole supply chain – Understand the existing supply chain and supply challenges
- Get a financer’s view – Understand the factors in financing biorefinery projects
- Seize future opportunities – Identify future leading SAF producers and profile biorefinery projects by player, partner, financier, capacity growth, and process technology
- Plan for supply fluctuations – Anticipate the cost impact of additional demand for raw materials, such as used cooking oil, soybean, sugarcane, corn grain, wood biomass, agricultural residues from crop and food processing
- Find the best solution – Compare the different supply chains and future cost of each of the four main processes to produce SAF
Future success depends on maintaining cost advantage over electricity and hydrogen
Current operational production capacity will only deliver 3% of total demand in 2025. Project owners will be racing to secure feedstock volume and pricing that ensures SAF continues to be a cost effective means to reduced emissions from aviation. Used cooking oil (UCO), the primary feedstock for SAF, is expected to make up to 60% of production by 2025.
- Sustainable aviation fuel is taking off
- Many airlines have committed to net-zero emissions by 2050
- 7 out of 10 consumers say reducing emissions should be a top priority for aviation
- The European Union introduced ReFuelEU Aviation Initiative in 2021 to reduce emissions by 55% from 1990 levels by 2030, which will accelerate the shift to renewable sources of energy
- The US is building on state-level legislation in WA, CA, OR. The federal mandate and tax rebate is moving to the Senate after passing in the House
Request more information
Explore the shift in boxboard trade patterns as new EU regulations redefine market dynamics for Asian exporters with opportunities in Latin America.
After a one-month consultation period, which ended on Wednesday October 8, Fastmarkets has decided to launch the two new containerboard prices to enhance its coverage of the Indonesian market. Indonesia, with Southeast Asia’s biggest economy and a gross domestic product of $1.4 trillion, has thriving e-commerce and export sectors which depend on corrugated packaging. The […]
Fastmarkets is amending its pricing schedule for the following assessments in the fourth quarter of 2025. Southeast Asia RCP – Imports (RCP SEA) The following price assessments are affected: The October 10 assessment has been moved to October 17. The October 24 assessment has been moved to October 31. The November 7 assessment has been […]
Fastmarkets has corrected the date of its Spanish Containerboard prices, which were published incorrectly on Thursday October 2, 2025. The date for the September 2025 prices was incorrectly published as October 1, 2025 due to a reporter error. This has been corrected to September 1, 2025. Fastmarkets’ pricing database has been updated to reflect this […]
Fastmarkets has discontinued its UM Paper-branded Chinese prices from Wednesday October 1, following a strategic decision to close its UM Paper-branded publications which was originally announced in a notice published on July 28.
Learn how Canada is helping its softwood lumber industry with substantial financial support during tough economic times.
Fastmarkets has not changed the methodology for price discovery. Fastmarkets has updated its documentation on price methodologies to incorporate the standardized naming conventions, ensuring clarity and consistency across our forest products publications. Please refer to the link to the tables below for detailed information on the standardized forest product price names as part of this […]
Fastmarkets, a global leader in price reporting and market intelligence, has launched its US wood pallet prices, news and analytics service. This is the first comprehensive solution providing transparent pricing and forecasts for this critical but underserved part of the logistics sector. Wood pallets are the backbone of supply chains. They move goods across industries […]
Delve into the volatility of US kraft paper demand, examining growth trends for bleached versus unbleached kraft papers.
Fastmarkets has corrected its Random Lengths western fir plywood composite price, which was published incorrectly on September 19.