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Aviation Fuel Market Report by Fuel (Jet A, Jet A1, Jet B, JP 5, JP 8, Avgas, Biofuel), Aircraft (Fixed Wings, Rotorcraft, and Others), End Use (Commercial, Military, Private, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 142 Pages I IMARC Group
The global aviation fuel market size reached US$ 318.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 450.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The increasing number of air passengers, rising changes in airline operations, and the burgeoning aviation industry represent some of the key factors driving the market.
Aviation fuel is a highly refined petroleum-based fuel designed to provide high energy output with minimal emissions. It has a higher energy content with high energy density, which allows aircraft to travel long distances at high speeds. It is treated with additives, including antioxidants, antistatic agents, and corrosion inhibitors, to improve its performance and safety. It offers benefits to aircraft, such as stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and prevents the risk of explosion. It is stored and transported using specialized equipment to ensure its safe use in aircraft for preventing leaks and minimize the risk of fire.
Aviation Fuel Market Trends:
The increasing number of air passengers worldwide, rising commercial air traffic, and significant growth in the aviation industry are among the major factors driving the demand for aviation fuel around the world. Moreover, the growing changes in airline operations, such as scheduling, fleet size, and route networks, are influencing the market positively. In addition, there is an increase in the incidences of cross-border terrorist activities and illegal trespassing, and rising investments in the defense and military industries. This, coupled with the rising use of the aviation fuel to facilitate surveillance in remote areas on account of their numerous advantages, like landing in difficult and compact areas, is favoring the growth of the market. Furthermore, there is a growing use of aviation fuel due to the rising use of aircraft in areas that are prone to windstorms, tornadoes, hurricanes, and other severe weather conditions for providing humanitarian relief. This, along with their increasing usage in transporting ambulatory patients during aeromedical evacuations, is strengthening the growth of the market. Apart from this, key players are introducing sustainable aviation fuel (SAF) that is made from renewable feedstock, such as waste oils, plant oils, and agricultural residues, to minimize greenhouse gas emissions. They are also focusing on launching biofuels that are produced from biological materials, such as plants, algae, and waste biomass, to improve the sustainability of the industry. Additionally, the growing demand for air freight as it is the fastest way of transporting goods internationally is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation fuel market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on fuel, aircraft and end use.
Fuel Insights:
Jet A
Jet A1
Jet B
JP 5
JP 8
Avgas
Biofuel
The report has provided a detailed breakup and analysis of the aviation fuel market based on the fuel. This includes jet A, jet A1, jet B, JP 5, JP 8, avgas, and biofuel. According to the report, jet A1 represented the largest segment.
Aircraft Insights:
Fixed Wings
Rotorcraft
Others
A detailed breakup and analysis of the aviation fuel market based on the aircraft has also been provided in the report. This includes fixed wings, rotorcraft, and others. According to the report, fixed wings accounted for the largest market share.
End Use Insights:
Commercial
Military
Private
Others
The report has provided a detailed breakup and analysis of the aviation fuel market based on the end use. This includes commercial, military, private, and others. According to the report, commercial represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for aviation fuel. Some of the factors driving the North America aviation fuel market included rising demand for air freight, expansion of aviation industry, product innovations, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global aviation fuel market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Abu Dhabi National Oil Company, Bharat Petroleum Corp. Ltd., BP plc, Chevron Corporation, China Aviation Oil (Singapore) Corporation Ltd, Exxon Mobil Corporation, Indian Oil Corporation Ltd., Neste Oyj, Oman Oil Marketing Company SAOG, Petroleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE, Vitol, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global aviation fuel market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global aviation fuel market?
What is the impact of each driver, restraint, and opportunity on the global aviation fuel market?
What are the key regional markets?
Which countries represent the most attractive aviation fuel market?
What is the breakup of the market based on the fuel?
Which is the most attractive fuel in the aviation fuel market?
What is the breakup of the market based on the aircraft?
Which is the most attractive aircraft in the aviation fuel market?
What is the breakup of the market based on end use?
Which is the most attractive end use in the aviation fuel market?
What is the competitive structure of the global aviation fuel market?
Who are the key players/companies in the global aviation fuel market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aviation Fuel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fuel
6.1 Jet A
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Jet A1
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Jet B
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 JP 5
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 JP 8
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Avgas
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Biofuel
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Aircraft
7.1 Fixed Wings
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rotorcraft
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Military
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Private
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Abu Dhabi National Oil Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bharat Petroleum Corp. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 BP plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Chevron Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 China Aviation Oil (Singapore) Corporation Ltd
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Exxon Mobil Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Indian Oil Corporation Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Neste Oyj
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Oman Oil Marketing Company SAOG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Petroleo Brasileiro S.A. (Petrobras)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Shell plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 TotalEnergies SE
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Vitol
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
Figure 1: Global: Aviation Fuel Market: Major Drivers and Challenges
Figure 2: Global: Aviation Fuel Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Aviation Fuel Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Aviation Fuel Market: Breakup by Fuel (in %), 2023
Figure 5: Global: Aviation Fuel Market: Breakup by Aircraft (in %), 2023
Figure 6: Global: Aviation Fuel Market: Breakup by End Use (in %), 2023
Figure 7: Global: Aviation Fuel Market: Breakup by Region (in %), 2023
Figure 8: Global: Aviation Fuel (Jet A) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Aviation Fuel (Jet A) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Aviation Fuel (Jet A1) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Aviation Fuel (Jet A1) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Aviation Fuel (Jet B) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Aviation Fuel (Jet B) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Aviation Fuel (JP 5) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Aviation Fuel (JP 5) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Aviation Fuel (JP 8) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Aviation Fuel (JP 8) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Aviation Fuel (Avgas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Aviation Fuel (Avgas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Aviation Fuel (Biofuel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Aviation Fuel (Biofuel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Aviation Fuel (Fixed Wings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Aviation Fuel (Fixed Wings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Aviation Fuel (Rotorcraft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Aviation Fuel (Rotorcraft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Aviation Fuel (Other Aircrafts) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Aviation Fuel (Other Aircrafts) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Aviation Fuel (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Aviation Fuel (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Aviation Fuel (Military) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Aviation Fuel (Military) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Aviation Fuel (Private) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Aviation Fuel (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Aviation Fuel (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Aviation Fuel (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Aviation Fuel Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Aviation Fuel Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Aviation Fuel Industry: SWOT Analysis
Figure 86: Global: Aviation Fuel Industry: Value Chain Analysis
Figure 87: Global: Aviation Fuel Industry: Porter's Five Forces Analysis
Table 1: Global: Aviation Fuel Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Aviation Fuel Market Forecast: Breakup by Fuel (in Million US$), 2024-2032
Table 3: Global: Aviation Fuel Market Forecast: Breakup by Aircraft (in Million US$), 2024-2032
Table 4: Global: Aviation Fuel Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 5: Global: Aviation Fuel Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Aviation Fuel Market: Competitive Structure
Table 7: Global: Aviation Fuel Market: Key Players
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