The global Aviation Fuel Market size was estimated at USD 193,000 million in 2024 and is projected to reach USD 337,035.6 million in 2031 at a CAGR of 8.29 % during the forecast period 2025-2031.
The aviation fuel market refers to the supply, distribution, and consumption of fuels used to power aircraft, primarily consisting of jet fuel and aviation gasoline. Jet fuel, the most commonly used fuel for commercial aviation, is derived from crude oil and is essential for ensuring the efficient operation of various types of aircraft.
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Several factors drive the aviation fuel market, including the global increase in air travel, rising fuel prices, and the need for energy security. Economic growth, especially in emerging economies, is contributing to higher demand for air travel, thus driving the need for more aviation fuel.
Moreover, fluctuations in crude oil prices and geopolitical tensions can significantly impact fuel costs. The growing emphasis on environmental sustainability, coupled with advancements in fuel technology, also fuels the shift toward cleaner alternatives like SAF, helping to shape the future of the aviation fuel market.
Recent Developments of Aviation Fuel Market
- In September 2024, TotalEnergies (France) and Air France-KLM (France) entered into a 10-year agreement, under which TotalEnergies will supply up to 1.5 million tons of sustainable aviation fuel (SAF) to the Air France-KLM Group airlines by 2035.
- In July 2024, Shell (UK) and Amex GBT (US), a leader in B2B travel and expense software and services, renewed their agreement to support the growth of the Avelia SAF Program. This renewed partnership aims to accelerate the adoption and development of SAF in the aviation industry.
- In September 2023, BP p.l.c. (UK) partnered with ExecuJet (Switzerland) to provide Jet A-1 fuel services at the General Aviation Terminal of Berlin Brandenburg Airport (BER). Through this collaboration, Air bp (a division of BP p.l.c.) will refuel aircraft at the GA terminal, using two dedicated Air bp tankers to ensure efficient and reliable fuel delivery.
Top Key Competitors of Aviation Fuel Market
- Exxon Mobil Corporation
- Chevron Corporation
- BP p.l.c.
- Shell
- TotalEnergies
- Indian Oil Corporation Ltd.
- Valero Energy Corporation
- Bharat Petroleum Corporation Limited
- LanzaJet
- World Energy, LLC
- Gevo, Inc.
- Petrobras
- Prometheus Fuels
- Red Rock Biofuels
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Experts in the Aviation Fuel Market highlight several key trends driving growth and innovation. The aviation fuel market involves the production, distribution, and consumption of fuels used in aircraft, primarily jet fuel and aviation gasoline. With global air travel growth, the demand for fuel has increased, driving innovations in fuel efficiency and sustainability.
Key trends include a shift toward sustainable aviation fuel (SAF) to reduce carbon emissions, alongside investments in fuel-efficient engines and infrastructure. The market is driven by factors such as rising air travel, fluctuating fuel prices, economic growth, and the need for cleaner fuel alternatives, with a focus on environmental sustainability and energy security shaping its future.
Aviation Fuel Market Segmentation:
Based on Fuel Type
- Jet Fuel
- Avgas
- Biofuel
- Hydrogen Fuel
- Power-To-Liquid
- Gas-To-Liquid
Based on End User
- Airline
- Government & Military
- Non-Scheduled Operators
Based on Aircraft Type
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicle (UAV)
Based on Aviation Fuel Processing Technology
- Conventional processing technologies
- Synthetic fuel processing technologies
- Biofuel processing technologies
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for the Aviation Fuel Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
More Related Reports:
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