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By 2050, Europe will have the greatest demand for e-SAF of any world region. Europe is expected to see e-SAF demand climb to more than ** million metric tons per year. The European market's projected demand surpasses the combined demand of other major regions, highlighting the continent's commitment to greener air travel.

Europe's production capacity struggles to meet rising demand

While Europe's e-SAF demand is set to soar, production capacity may face challenges in keeping pace. By 2050, Europe's e-SAF production is forecast to reach *** million metric tons annually, falling short of the projected demand. This gap suggests potential opportunities for import or increased domestic production capacity. The global SAF market is experiencing rapid growth, with production capacity expected to reach nearly four billion gallons by 2025, up from **** billion gallons in 2023.

Biofuels to make minor gains in transportation sector

The rise of SAF/e-SAF is part of a larger shift towards using alternative fuels across various transportation sector. Currently, the biofuel share in total transportation fuel demand globally is **** percent, with this share expected to increase to **** percent by 2030. The aviation industry is emerging as a significant driver of biofuel demand, complementing the traditional dominance of the road sector. This trend is evident in the exponential growth of SAF supply, which has increased ** since 2021, although it still represents only *** percent of total jet fuel supply worldwide.