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%