Aviation fuel market set to reach $325.98B by 2030, driven by sustainable fuels and UAV growth.

The aviation fuel market is forecast to grow to $325.98 billion by 2030, driven by an 8.5% annual growth rate, according to MarketsandMarkets™. This growth is fueled by the increasing focus on reducing aviation emissions, leading to greater investment in sustainable aviation fuels (SAFs) that can lower greenhouse gases by up to 80%. The unmanned aerial vehicle (UAV) segment is also expected to see significant expansion, driven by defense sector demand and technological advancements. Major players include Exxon Mobil, Chevron, BP, Shell, and TotalEnergies.

2 months ago
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