Press Releases

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

The use of aircraft is highly growing throughout the logistics applications. Rising sports tourism is also the major growth driver of the Aviation Fuel market. Aviation fuel along with all fuel types used in airplanes are by-products of crude oil. Travel activities are increased due to various sports tournaments, resulting in facilitating more fuel adoption. The rising adoption of aircraft fuel from the U.S. may boost the demand for aviation fuel. However, high cost associated with aircraft fuels is likely to hamper the progress of the market. Unstable global markets have broad effects on manufacturing companies due to rise in energy costs and the fluctuations in the cost of manufacturing crude oil.

Browse 55 market data Tables and 30 Figures spread through 187 Pages and in-depth TOC on "Aviation Fuel Market, by Fuel Type (Conventional Fuel, Sustainable Fuel), By End-user (Commercial Aircraft, Military Aircraft, Private Aircraft) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030.

Global Aviation Fuel Market Segmentation and Key Players

By fuel type, conventional dominate the global aviation fuel market.

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

“North America is expected to register the fastest CAGR during the forecast period in the aviation fuel market.”

North America dominates the Aviation Fuel market as it has the presence of countries with favorable economic policies.

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

Recent developments by the key players

Shell Plc and Cosan SA, identified a significant structural advantage in setting up sustainable jet fuel production plant in Brazil. This has been driven by the considerable economic benefits associated with producing sustainable aviation fuel (SAF) domestically, especially considering the substantial quantities of feedstock required for production. Export of ethanol for processing into jet fuel overseas is comparatively high rather than the shipping expenses incurred for exporting the final product.

Total Energies has started construction of a 216 megawatt solar plant with battery storage in South Africa that may be operational in 2025. Africa's economy is battling to end the power cuts which are blamed on its ageing fleet of coal-fired plants. The hybrid renewable plant which comprises of a solar plant and a 500 MWh battery storage system, will supply continuous green electricity to the national grid beyond the hours of sunshine.

Global Aviation Fuel Market Coverage (By Value)

• Fuel Type Insight and Forecast 2025-2030
  • Conventional Fuel
  • Sustainable Fuel
• End-user Insight and Forecast 2025-2030
  • Commercial Aircraft
  • Military Aircraft
  • Private Aircraft

Geographical Segmentation

Global Aviation Fuel Market by Region

• 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