Infinium Global Research and Consulting Solutions

Rising concerns regarding GHG emissions in aviation sectors drive Saudi Arabia sustainable aviation fuel market growth. Moreover, there is an increase in greenhouse gas emissions from the aviation industry leading to global warming effects. Furthermore, the high values of sustainable aviation fuels than traditional fuels and insufficient availability of biomass due to inappropriate waste management might hinder the market growth in the forecasting years. With the increase in the number of airline passengers, increased disposable income is expected to drive the growth of the sustainable aviation fuel market. According to International Air Transport Association, the air transport market in Saudi Arabia is anticipated to grow by 126% in the next 20 years. The growth in passengers traveling by air leads to the increasing number of flights taken across the year. However, the higher cost associated with SAF is likely to hamper the market growth of the sustainable aviation fuel market. The cost of SAF is currently 4-5 times higher than conventional jet fuel. Thus, several airlines are reluctant to buy SAF in bulk. Rising new investments in the SAF are anticipated to boost market growth over the forecast period. The government and market players across the country are promoting the use of SAF in order to reduce greenhouse gas emissions and achieve emission targets.