PUBLISHER: The Business Research Company | PRODUCT CODE: 1929063
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929063
Jet fuel, a crucial petroleum product derived from crude oil and processed in petroleum refineries, plays a significant role in the transportation sector, particularly in aircraft. The same jet fuel, albeit of a lower quality, is marketed as kerosene for non-aircraft purposes.
Various types of jet fuels exist, including conventional fuel (air turbine fuel), avgas, sustainable fuel (biofuel), power-to-liquid, and gas-to-liquid. Conventional jet fuels consist of hydrocarbons, primarily normal and iso-paraffins, cycloparaffins, and aromatics. They come in different fuel grades such as Jet A, Jet A1, Jet B, and TS-1, catering to diverse aircraft such as fixed-wing, rotary-wing, and unmanned aerial vehicles. Its applications encompass commercial, defense, general aviation, and private sectors.
Tariffs have impacted the jet fuel market by increasing the cost of crude oil imports, refining equipment, and blending components. These impacts are most pronounced in conventional jet fuel and sustainable aviation fuel segments, particularly in import dependent regions such as europe and asia pacific. Higher tariffs have influenced airline operating costs and fuel procurement strategies. Defense aviation programs also face increased budgetary pressure due to fuel pricing. However, tariffs are encouraging domestic refining capacity expansion and regional fuel production initiatives.
The jet fuel market research report is one of a series of new reports from The Business Research Company that provides jet fuel market statistics, including jet fuel industry global market size, regional shares, competitors with a jet fuel market share, detailed jet fuel market segments, market trends and opportunities, and any further data you may need to thrive in the jet fuel industry. This jet 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 jet fuel market size has grown steadily in recent years. It will grow from $212.78 billion in 2025 to $222.44 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to growth in global air passenger traffic, expansion of airline fleets, military aviation fuel demand, development of refinery infrastructure, rise in international trade.
The jet fuel market size is expected to see strong growth in the next few years. It will grow to $276.1 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to sustainable aviation fuel mandates, growth of low cost carriers, modernization of aircraft fleets, expansion of unmanned aerial vehicles, investment in alternative jet fuels. Major trends in the forecast period include rising adoption of sustainable aviation fuel, growth in commercial air travel demand, expansion of defense aviation fuel consumption, increasing use of synthetic jet fuels, fuel efficiency and emission reduction focus.
The surge in air passengers is expected to drive the growth of the jet fuel market in the coming years. Air passengers are individuals traveling by commercial airlines or private aircraft, and globalization has contributed to the increase in air travel. Rising passenger numbers are prompting airlines to operate more domestic and international flights, thereby increasing jet fuel consumption. Jet fuel supports the aviation industry by enabling continuous flight operations, optimizing airline schedules, and sustaining the global transportation network. For example, in August 2025, the International Air Transport Association reported that in 2024, the US remained the world's largest aviation market with 876 million passengers, a 5.2% year-on-year increase, while China was the second-largest with 741 million passengers, marking an 18.7% increase compared to 2023. Consequently, the surge in air passengers is fueling the growth of the jet fuel market.
Major companies in the jet fuel market are adopting a strategic partnership approach to produce green jet fuel. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in May 2023, Alfanar Group, a Saudi Arabia-based manufacturer of electrical construction products, partnered with N+P Group, a Netherlands-based environmental solutions company. This collaboration aims to process waste equivalent to that produced by Birmingham and the broader West Midland Metropolitan Area, using it to generate feedstock pellets for the production of green jet fuel, also known as Sustainable Aviation Fuel (SAF). The waste management strategy includes establishing up to three additional processing facilities throughout the country, with their locations determined by the origin of the waste.
In February 2023, Indian Oil Company Ltd. (Indian Oil), an oil producer in India, collaborated with LanzaJet Inc. to explore the development of sustainable aviation fuel (SAF) in India. This partnership supports India's transition to cleaner fuels and contributes to the country's carbon reduction goals. LanzaJet Inc., a US-based aviation fuel manufacturer, captures waste gas emissions and uses microorganisms to convert them into usable ethanol fuel.
Major companies operating in the jet fuel market are Exxon Mobil Corporation, BP plc, Chevron Corporation, Valero Energy Corporation, Shell plc, TotalEnergies SE, Gazprom Neft PJSC, Indian Oil Corporation, Bharat Petroleum Corp. Ltd., Honeywell International Inc., World Fuel Service Corp., Neste Oyj, World Energy LLC, Rosneft Deutschland GmbH, China Aviation Oil Corporation Ltd., Qatar Jet Fuel Company, Allied Aviation Services Inc., Sinopec Corp., Oman Oil Company SAOC, Marathon Petroleum Corporation, Hess Corporation, National Refinery Limited, CNOOC Limited
North America was the largest region in the jet fuel market in 2025. The regions covered in the jet 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 jet fuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The jet fuel market consists of sales of naphtha-type jet fuel, and aviation kerosene. 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.
Jet 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 jet 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 jet 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 jet 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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