Market opportunities - TAM
MARKET OPPORTUNITIES
MARKET OPPORTUNITIES
Maritime Fuels
Sustainable Aviation Fuel (SAF)
Aerospace Cryogenic Fuels
■ tam - total addressable market
Conventional Aviation Fuel (Jet A/Jet A-1)
Market Size (2024): $238.2 billion
Projected Size (2034): $474.9 billion
CAGR (2025–2034): 8.2%
Annual Consumption (2023): ~92 billion gallons
Sustainable Aviation Fuel (SAF)
Market Size (2023): $1.2 billion
Projected Size (2030): $15 billion
CAGR (2025–2034): ~ 45%
Current Share of Jet Fuel (2024): ~0.3%
Projected Share by 2030: ~5–10% (varies by region)
Aerospace Cryogenic Fuels
Market Size (2023): $10.45 billion
Projected Size (2032): $19.45 billion
CAGR (2024–2032): 6.6%