Global Aviation Fuel Market – Analysis and Forecast (2025-2030)

Industry Overview

Report Description

Global Aviation Fuel Market is anticipated to grow at a CAGR of 12.9% from USD 249.3 billion in 2023 to USD 695.8 billion in 2030 during the forecast period from 2025 to 2030.

The aircraft is powered by the aviation fuel which is a by-product of crude oil. The growing trend of the expanding aviation sector in various developing nations and air travel is the major growth driver of the aviation fuel market. Factors such as fluctuating crude oil prices and stringent environmental regulations can hamper growth of this market. The low-cost carriers and the development of aviation biofuels are expected to create good opportunities during the forecast period. The growing tourism industry, growing disposable income and increase in investment in aviation sector are the factors which supports the aviation fuel market.

Market Segmentation

Insight by Fuel Type

On the basis of fuel type, the Aviation Fuel Market is bifurcated into conventional fuel and sustainable fuel. Conventional fuel segment is anticipated to develop significantly during the forecast period as there is increase in air passenger traffic.

Insight by End-user

Based on end-user, the Aviation Fuel Market is segregated into commercial aircraft, military aircraft, Private aircraft. Commercial aircraft segment shall dominate the market during the forecast period due to increase in the international air traffic.

Global Aviation Fuel Market Report Coverage

Report Metric	Details
Historical Period	2020 - 2024
Base Year Considered	2025
Forecast Period	2026 - 2035
Market Size in 2025	U.S.D.  249.3 Billion
Revenue Forecast in 2035	U.S.D.  695.8 Billion
Growth Rate	12.9%
Segments Covered in the Report	By Fuel Type, By End-User
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	North America, Europe, Asia-Pacific, South America, Middle East And Africa

Industry Dynamics

Growth Drivers

Collaboration, acquisition, expansion and joint ventures are considered for the development of aviation fuel market. The growing awareness of climatic change and the need to reduce carbon emissions in the aviation industry serve as primary driving growth. Constantly evolving aviation engine technology has made existing technology obsolete. This can further result into the industry rivalry amongst the major market players. The use of aircraft is highly growing throughout the logistics applications. The threat of new entrant is moderate in the aviation fuel market as less suppliers of aviation fuel as compared to its buyers. The demand for international safe and efficient air service is anticipated to rise enormously in the near future.

Restraints

To achieve self-imposed greenhouse gas emission reduction as flight and engine improvements are insufficient, airlines need sustainable jet fuel. Sustainable jet fuel requires expensive technical processes, even though it is made from waste feed stocks. The cost of fuel is the major constraint of this market. Due to the installation of additional manufacturing capacity, sustainable jet fuel is more expensive than regular fuel. In the current business situation, each organization is vulnerable to changes in the price of raw materials for lubricants and crude oil. Manufacturers rely mainly on oil commodities in their manufacturing processes, so they are susceptible about price fluctuations in the oil products. Unstable global markets have extensive effects on manufacturing companies. As unexpected challenges are disrupting supply chains and making it difficult for manufacturers to stay profitable, in rising energy costs and the fluctuations in the cost of manufacturing crude oil. To build new biodiesel facilities, manufacturers  require time and money, which drives up the cost of their goods that limits their ability to reach the crucial point of profitability.

Geographic Overview

• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa

North America dominates the Aviation Fuel Market as it held the largest share of the global Aviation Fuel Market. The North American region is expected to grow as it consists of countries with favorable economic policies, early adoption of the latest aviation fuel and high gross domestic product.

Competitive Insights

Shell Plc has developed safer and more efficient refuelling systems, by ensuring the security of supply and managing risk. Company provides expert technical advice to help overcome the industry’s challenges and are focused on helping the aviation sector tackle the challenges to date - carbon emissions. Shell Aviation is fully committed to working with customers to help power the global recovery while enabling them to move towards a low carbon future.

IndianOil Aviation Service is a leading aviation fuel solution provider in India and the most-preferred supplier of jet fuel to major international and domestic airlines. IndianOil Aviation Service refuels over 2,200 flights from the bustling metros to the remote airports linking the vast Indian landscape, from the icy heights of Leh (the highest airport in the world at 10,682 ft) to the distant islands of Andaman & Nicobar.

Key Players Covered in the Report

Some of the prominent players in this market include Exxon Mobil, Chevron Corporation, Shell Plc, Indian Oil Corporation Limited, Viva Energy Group, TotalEnergies SE, Valero Energy Corporation, Abu Dhabi National Oil, Essar Oil (UK) Limited, Bharat Petroleum Corporation Limited, Company (ADNOC), Neste

Recent developments by Key Players

ExxonMobil (XOM) has Commenced the work of Fawley Oil Refinery in UK and shall complete a $1-billion expansion project for diesel production. The Fawley oil refinery is the oldest and largest among the other operational refinery sites in the UK. 270,000 barrels of crude per day is processed by this facility. The refinery is expected to achieve full production in 2025, by increasing  low-sulfur diesel production by 40%.

Recently As part of Chevron's renewable fuel conversion project at its El Segundo Refinery in Southern California- US, Chevron Lummus Global LLC (CLG) has announced the completion and startup of an ISOTERRA unit to achieve excellent diesel yields. This unit leverages both the refinery's existing assets and CLG’s proprietary catalyst and reactor internals technology that shall satisfy the growing demand for alternative fuels.

The global Aviation Fuel Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Fuel Type
  • Conventional Fuel
  • Sustainable Fuel
• By End-user
  • Commercial Aircraft
  • Military Aircraft
  • Private Aircraft

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • Turkey
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA

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1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Fuel Type
                1.2.2.    By End-use Industry
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Fuel Type
                5.1.1.  Conventional Fuel
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030 
                5.1.2.  Sustainable Fuel
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
        
        5.2.    By End-use Industry
                5.2.1.  Commercial Aircraft
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.  Military Aircraft
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.  Private Aircraft
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
        
6.    North America Market Estimate and Forecast

        6.1.    By Fuel Type
        6.2.    By End-use Industry
    6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Fuel Type
        7.2.    By End-use Industry
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Fuel Type
        8.2.    By End-use Industry
        8.3.    By Country
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Singapore Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Fuel Type
        9.2.    By End-use Industry
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.   Exxon Mobil
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.   Chevron Corporation
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.   Shell Plc
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.   Indian Oil Corporation Limited
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.   Viva Energy Group
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.   TotalEnergies SE
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.   Valero Energy Corporation
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.   Abu Dhabi National Oil
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.   Essar Oil (UK) Limited
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.  Bharat Petroleum Corporation Limited
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments
    10.11.    Company (ADNOC)
        10.11.1. Snapshot
                10.11.2. Overview
                10.11.3. Offerings
                10.11.4. Financial Insight
                10.11.5. Recent Developments
    10.12    Neste
        10.12.1. Snapshot
                10.12.2. Overview
                10.12.3. Offerings
                10.12.4. Financial Insight
                10.12.5. Recent Developments
    
    
11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Fuel Types
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Aviation Fuel Market Size, by Fuel Type, 2018-2023 (USD Billion)
Table 5 Global Aviation Fuel Market Size, by Fuel Type, 2025-2030 (USD Billion)
Table 6 Global Aviation Fuel Market Size, by End-user, 2018-2023 (USD Billion)
Table 7 Global Aviation Fuel Market Size, by End-user, 2025-2030 (USD Billion)
Table 10 Global Aviation Fuel Market Size, by Region, 2018-2023 (USD Billion)
Table 11 Global Aviation Fuel Market Size, by Region, 2025-2030 (USD Billion)
Table 12 North America Aviation Fuel Market Size, by Fuel Type, 2018-2023 (USD Billion)
Table 13 North America Aviation Fuel Market Size, by Fuel Type, 2025-2030 (USD Billion)
Table 14 North America Aviation Fuel Market Size, by End-user, 2018-2023 (USD Billion)
Table 15 North America Aviation Fuel Market Size, by End-user, 2025-2030 (USD Billion)
Table 16 North America Aviation Fuel Market Size, by Country, 2018-2023 (USD Billion)
Table 19 North America Aviation Fuel Market Size, by Country, 2025-2030 (USD Billion)
Table 20 Europe Aviation Fuel Market Size, by Fuel Type, 2018-2023 (USD Billion)
Table 21 Europe Aviation Fuel Market Size, by Fuel Type, 2025-2030 (USD Billion)
Table 22 Europe Aviation Fuel Market Size, by End-user, 2018-2023 (USD Billion)
Table 23 Europe Aviation Fuel Market Size, by End-user, 2025-2030 (USD Billion)
Table 26 Europe Aviation Fuel Market Size, by Country, 2018-2023 (USD Billion)
Table 27 Europe Aviation Fuel Market Size, by Country, 2025-2030 (USD Billion)
Table 28 Asia-Pacific Aviation Fuel Market Size, by Fuel Type, 2018-2023 (USD Billion)
Table 29 Asia-Pacific Aviation Fuel Market Size, by Fuel Type, 2025-2030 (USD Billion)
Table 30 Asia-Pacific Aviation Fuel Market Size, by End-user, 2018-2023 (USD Billion)
Table 31 Asia-Pacific Aviation Fuel Market Size, by End-user, 2025-2030 (USD Billion)
Table 34 Asia-Pacific Aviation Fuel Market Size, by Country, 2018-2023 (USD Billion)
Table 35 Asia-Pacific Aviation Fuel Market Size, by Country, 2025-2030 (USD Billion)
Table 36 RoW Aviation Fuel Market Size, by Fuel Type, 2018-2023 (USD Billion)
Table 37 RoW Aviation Fuel Market Size, by Fuel Type, 2025-2030 (USD Billion)
Table 38 RoW Aviation Fuel Market Size, by End-user, 2018-2023 (USD Billion)
Table 39 RoW Aviation Fuel Market Size, by End-user, 2025-2030 (USD Billion)
Table 42 RoW Aviation Fuel Market Size, by Country, 2018-2023 (USD Billion)
Table 43 RoW Aviation Fuel Market Size, by Country, 2025-2030 (USD Billion)
Table 44 Snapshot – Exxon Mobil
Table 45 Snapshot – Chevron Corporation
Table 46 Snapshot – Shell Plc
Table 47 Snapshot – Indian Oil Corporation Limited
Table 48 Snapshot – Viva Energy Group
Table 49 Snapshot – TotalEnergies SE
Table 50 Snapshot – Valero Energy Corporation
Table 51 Snapshot – Abu Dhabi National Oil
Table 52 Snapshot – Bharat Petroleum Corporation Limited
Table 53 Snapshot – Essar Oil (UK) Limited
Table 54 Snapshot – Company (ADNOC)
Table 55 Snapshot – Neste

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary  Fuel Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9  Global Aviation Fuel Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Aviation Fuel Market Highlight
Figure 12 Global Aviation Fuel Market Size, by  Fuel Type, 2018 – 2030 (USD Billion)
Figure 13 Global Aviation Fuel Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 14 Global Aviation Fuel Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 15 North America Aviation Fuel Market Highlight
Figure 16 North America Aviation Fuel Market Size,  by  Fuel Type, 2018 – 2030 (USD Billion)
Figure 17 North America Aviation Fuel Market Size, by End-user 2018–2030 (USD Billion)
Figure 18 North America Aviation Fuel Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 19 Europe Aviation Fuel Market Highlight
Figure 20 Europe Aviation Fuel Market Size, by  Fuel Type, 2018 – 2030 (USD Billion)
Figure 21 Europe Aviation Fuel Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 22 Europe Aviation Fuel Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 23 Asia-Pacific Aviation Fuel Market Highlight
Figure 24 Asia-Pacific Aviation Fuel Market Size,  by  Fuel Type, 2018 – 2030 (USD Billion)
Figure 25 Asia-Pacific Aviation Fuel Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 26 Asia-Pacific Aviation Fuel Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 27 RoW Aviation Fuel Market Highlight
Figure 28 RoW Aviation Fuel Market Size, by  Fuel Type, 2018 – 2030 (USD Billion)
Figure 29 RoW Aviation Fuel Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 30 RoW Aviation Fuel Market Size, by Country, 2018 – 2030 (USD Billion)