Global Aviation Fuel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Jet fuel, Aviation Gasoline, and Biokerosene.

By Fuel Type;

Conventional, and Sustainable.

By Aircraft Type;

Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicle.

By End-Use;

Commercial - Narrow Body and Wide Body, Regional, Business, Helicopter, and Military.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn070326423 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aviation Fuel Market (USD Million), 2021 - 2031

In the year 2024, the Global Aviation Fuel Market was valued at USD 959.86 million. The size of this market is expected to increase to USD 26,914.79 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 61.0%.

The Global Aviation Fuel Market serves as the lifeblood of the aviation industry, powering the world's aircraft and facilitating the movement of people and goods across the globe. This vital market encompasses the production, distribution, and sale of aviation fuels, primarily Jet A-1 and Avgas, which are specially formulated to meet the stringent performance and safety requirements of aircraft engines.

The aviation fuel market operates within the broader energy sector, with its own unique dynamics shaped by factors such as global air travel demand, geopolitical events, regulatory standards, and technological advancements. Jet fuel, the predominant type of aviation fuel used in commercial and military aircraft, is derived from crude oil through a refining process that removes impurities and ensures consistent quality and performance.

The market for aviation fuel is characterized by its critical role in ensuring the safe and efficient operation of aircraft worldwide. Airlines, air cargo operators, and military forces rely on a steady and reliable supply of fuel to support their flight operations, making fuel procurement and management a strategic priority for aviation stakeholders.

Moreover, the aviation fuel market is subject to various economic, environmental, and regulatory pressures that influence supply and demand dynamics. Fluctuations in crude oil prices, geopolitical tensions, and environmental concerns about carbon emissions and air pollution can impact fuel costs, operational expenses, and investment decisions within the aviation industry.

In recent years, the aviation fuel market has witnessed growing interest in sustainable aviation fuels (SAFs) as part of efforts to reduce the carbon footprint of air travel and mitigate climate change. SAFs, derived from renewable sources such as biofuels, synthetic fuels, and hydrogen, offer a promising pathway to decarbonize aviation and achieve long-term sustainability goals.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Fuel Type
    3. Market Snapshot, By Aircraft Type
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Global Aviation Fuel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand to Reduce Emissions
        2. Fleet Expansion
        3. Regulatory Standards
        4. Fuel Efficiency Improvements
        5. Crude Oil Prices
      2. Restraints
        1. Price Difference Between SAF and Conventional Aviation Fuel
        2. Volatility in Crude Oil Prices
        3. Investment Costs for Alternative Fuels
        4. Technological Barriers
        5. Geopolitical Risks and Trade Policies
      3. Opportunities
        1. Growing Need for Alternative Aviation Fuel by Airlines
        2. Investment in Infrastructure
        3. Government Incentives and Policies
        4. Collaboration and Partnerships
        5. Transition to Sustainable Aviation Fuels
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aviation Fuel Market, By Grade, 2021 - 2031 (USD Million)
      1. Jet fuel
      2. Aviation Gasoline
      3. Biokerosene
    2. Global Aviation Fuel Market, By Fuel Type, 2021 - 2031 (USD Million)
      1. Conventional
      2. Sustainable
    3. Global Aviation Fuel Market, By Aircraft Type, 2021 - 2031 (USD Million)
      1. Fixed Wing
      2. Rotary Wing
      3. Unmanned Aerial Vehicle
    4. Global Aviation Fuel Market, By End-Use, 2021 - 2031 (USD Million)
      1. Commercial
      2. Narrow Body
      3. Wide Body
      4. Regional
      5. Business
      6. Helicopter
      7. Military
    5. Global Aviation Fuel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ExxonMobil
      2. Chevron
      3. Shell
      4. Gazprom
      5. World Fuel Service
      6. Neste
      7. Gazprom
      8. India Oil Corporation
      9. TotalEnergies
      10. Velero Energy Corporation
  7. Analyst Views
  8. Future Outlook of the Market