PUBLISHER: The Business Research Company | PRODUCT CODE: 1929012
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929012
Aviation fuels are a specialized petroleum-based fuel used for aircraft propulsion that runs on gas turbine engines. Aviation fuels are of a higher quality than fuels that are used in less critical applications for example for heating or road transport.
The main types of aviation fuel include Jet A, Jet A1, Jet B, JP 5, JP 8, avgas, and biofuel. Jet A aviation fuel is refined, light petroleum fuel which has a flashpoint higher than 38 °C and a freezing point of -40 °C during its manufacture. It is used in the turbine engines in civil aviation, commonly used in the USA. These different grades of aviation fuel include jet fuel, biokerosene, and aviation gasoline, and they are used in commercial, military, private and other end users.
Tariffs have impacted the aviation fuel market by increasing the cost of imported crude oil feedstocks and specialized additives used in jet fuel and aviation gasoline production. These impacts are most pronounced in commercial and military aviation segments, particularly in import dependent regions such as asia pacific and parts of europe. Tariffs have also influenced the cost structure of sustainable aviation fuels due to duties on bio based inputs and refining equipment. At the same time, tariff pressures are encouraging domestic refining expansion and regional sourcing strategies. This is supporting long term supply security and greater market resilience.
The aviation fuel market research report is one of a series of new reports from The Business Research Company that provides aviation fuel market statistics, including aviation fuel industry global market size, regional shares, competitors with a aviation fuel market share, detailed aviation fuel market segments, market trends and opportunities, and any further data you may need to thrive in the aviation fuel industry. This aviation fuel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aviation fuel market size has grown rapidly in recent years. It will grow from $263.36 billion in 2025 to $298.85 billion in 2026 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to growth in commercial air traffic, expansion of global airline fleets, increased military aviation spending, development of global airport infrastructure, rise in international passenger travel.
The aviation fuel market size is expected to see rapid growth in the next few years. It will grow to $499.86 billion in 2030 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to adoption of sustainable aviation fuel mandates, expansion of low cost carriers, modernization of military aircraft fleets, growth in private and business aviation, investments in aviation fuel supply chain resilience. Major trends in the forecast period include shift toward sustainable aviation fuel blending, rising demand for high performance turbine fuels, growth in military grade fuel standardization, increasing focus on fuel quality and safety compliance, expansion of aviation fuel storage and logistics infrastructure.
The growth of air transportation worldwide is fueling the expansion of the aviation fuel market. The increasing population and rising earnings among the middle class have significantly boosted the demand for air travel in both developed and developing nations. As air travel rises, the demand for aviation fuel correspondingly increases, as it is an essential requirement for aircraft operations. For instance, the International Air Transport Association (IATA), a trade association based in Canada, reported that in 2023, revenue passenger kilometers (RPKs) increased by 36.9% compared to 2022. Overall, global traffic for the entire year of 2023 reached 94.1% of pre-pandemic levels. In December 2023, total traffic rose by 25.3% compared to December 2022. Thus, the growing air transportation sector is expected to drive the aviation fuel market.
Major companies operating in the aviation fuel market are innovating new technologies, such as ethanol-based sustainable aviation fuel technology, to increase their profitability in the market. Ethanol-based Sustainable Aviation Fuel (eSAF) is a type of renewable and sustainable alternative fuel designed for use in aviation. They can significantly lower the carbon footprint of air travel and aid in meeting environmental targets set by the aviation industry. For instance, in September 2023, Lummus Technology, a US-based company that provides process technologies, catalysts, and related engineering and project management services for the refining, petrochemical, gas processing, and renewable industries, launched ethanol-based sustainable aviation fuel technology. It is derived from ethanol, which is typically produced from plant-based feedstocks such as corn, sugarcane, or other agricultural residues. The production process involves converting these feedstocks into ethanol, which can then be further processed into eSAF. The technology offers operators a large-scale, economically proven way to lower greenhouse gas emissions from the aviation sector.
In March 2024, Southwest Airlines Company, a U.S.-based airline, acquired SAFFiRE Renewables, LLC for an undisclosed amount. Through this acquisition, Southwest Airlines aims to enhance its sustainable aviation fuel (SAF) capabilities by gaining direct access to SAFFiRE's technology, which converts agricultural residues into renewable ethanol that can be upgraded into SAF, supporting long-term aviation decarbonization goals. SAFFiRE Renewables, LLC is a U.S.-based company specializing in renewable ethanol production and sustainable aviation fuel conversion technologies.
Major companies operating in the aviation fuel market are BP plc, Chevron Corporation, Exxon Mobil Corporation, PJSC Gazprom, Indian Oil Corporation Limited, Royal Dutch Shell plc (Shell), TotalEnergies, Neste Oyj, World Fuel Service, Valero Energy Corporation, Marathon Petroleum Corporation, Air BP, ConocoPhillips, PetroChina, China Petroleum & Chemical Corporation (Sinopec), Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Reliance Industries Limited, China National Aviation Fuel Group Corporation, Puma Energy, Vitol, Trafigura, Glencore, Mercuria Energy Group, Gunvor Group, Eastern Aviation Fuels, Aviation Fuel Management, Avfuel Corporation, EPIC Fuels, World Jet Inc.
North America was the largest region in the aviation fuel market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation fuel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aviation fuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The aviation fuel market consists of the sales of fuels and gasoline. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aviation Fuel Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses aviation fuel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aviation fuel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The aviation fuel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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