Aviation Fuel Market by Type (Conventional Fuel, Sustainable Fuel), Aircraft Type (Fixed Wing, Rotary Wing), End User - Global Forecast 2024-2030

Aviation Fuel Market by Type (Conventional Fuel, Sustainable Fuel), Aircraft Type (Fixed Wing, Rotary Wing), End User - Global Forecast 2024-2030

The Aviation Fuel Market size was estimated at USD 259.36 billion in 2023 and expected to reach USD 294.39 billion in 2024, at a CAGR 13.68% to reach USD 636.45 billion by 2030.

Aviation fuel is a type of petroleum-based or synthetic fuel formulated specifically for use in aircraft. The rising number of commercial and military aviation fleets and proliferating trade and eCommerce activities are raising the demand for aviation fuel globally. Government initiatives for the development of sustainable aviation fuel are resulting in elevated research on aviation fuels. However, crude oil price volatility may adversely influence the cost of aviation fuels. Moreover, rapidly expanding airports coupled with sports tourism are anticipated to propel the demand for aviation fuels globally.

Regional Insights

The aviation fuel market is evolving in the Americas owing to well-established airline's significant production and refinery capacity of aviation fuels in the region. The large number of commercial flights, dense network of airports, and emphasis on sustainability in aviation are encouraging the growth of the aviation fuel market in the EMEA region. The aviation fuel market is growing in the Asia-Pacific region, driven by increasing air travel demand and measures to promote the use of sustainable aviation fuel. Besides, technological advancements and environmental regulations are expanding research on aviation fuels globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aviation Fuel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing number of commercial and military aviation fleets across economies
• Increasing availability of government support to expand the production of aviation fuels
• Proliferating trade and eCommerce activities globally

Market Restraints

• High cost of aviation fuels

Market Opportunities

• Increasing shift towards sustainable and bio-based aviation fuels that are made up of organic waste
• Rising production and expansion new airports coupled with increasing sports tourism

Market Challenges

• Environmental concerns associated with aviation fuels

Market Segmentation Analysis

• Sustainable Fuel: Inclination towards sustainable aviation fuels
• Aircraft Type: Accelerated demand from fixed wing aircrafts
• End User: Proliferating use in the commercial aviation sector

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aviation Fuel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aviation Fuel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Emirates Expands Neste Partnership for Supply of Sustainable Aviation Fuel

Emirates, a Middle East and African airline, partnered with Finnish biofuel producer Neste to procure and supply 3 million gallons of sustainable aviation fuel (SAF) in 2024 and 2025. This agreement with Neste marks a significant step forward in Emirates' efforts to enhance its SAF procurement for operational purposes.

Lummus Launches Ethanol-based Sustainable Aviation Fuel Technology

Lummus Technology, a globally recognized provider of process technologies and energy solutions, unveiled its ethanol to sustainable aviation fuel (SAF) process technology, which is now commercially available. This technology offers operators in the aviation industry a proven, large-scale solution to reduce greenhouse gas emissions effectively.

Volaris Joins an Investment Agreement to Accelerate Sustainable Aviation Fuel (SAF) Production through CleanJoule

Volaris, an ultra-low-cost carrier (ULCC), entered into a USD 50 million investment agreement with partners Indigo Partners, GenZero, Cleanhill Partners, Frontier Airlines, and Wizz Air. This investment aims to expedite the production of Sustainable Aviation Fuel (SAF) derived from agricultural waste and organic residues.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aviation Fuel Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aviation Fuel Market, highlighting leading vendors and their innovative profiles. These include Abu Dhabi National Oil Company, Aemetis, Inc., Atmosfair, Avfuel Corporation, Bharat Petroleum Corporation Limited, BP p.l.c., Chevron Corporation, China Aviation Oil (Singapore) Corporation Ltd., Emirates National Oil Company, EPIC Fuels, Essar Oil (UK) Limited, Exxon Mobil Corporation, Flightworx, Fulcrum BioEnergy, Galaxy Aviation Services, Gazprom Neft' PAO, Gevo, Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Hypoint, Inc., Indian Oil Corporation Limited, Johnson Matthey, KLM Royal Dutch Airlines, Lanzatech, Lufthansa Group, LUKOIL, Marathon Petroleum Corporation, Neste Oyj, Oman Oil Marketing Company, OMV Aktiengesellschaft, Petróleo Brasileiro S.A., Phillips 66 Aviation, Preem AB, PT Pertamina, Q8Aviation, Qatar Jet Fuel Company, Red Rock Biofuels LLC, Rosneft Deutschland GmbH, Sasol, Shell PLC, Sinopec Group, SkyNRG, Swedish Biofuels AB, TotalEnergies SE, Valero Energy Corporation, Vitol Aviation, Viva Energy Group, Wastefuel, World Energy, and World Fuel Services Corporation.

Market Segmentation & Coverage

This research report categorizes the Aviation Fuel Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Conventional Fuel
• Sustainable Fuel
• Bio Fuel
• Hydrogen Fuel
• Aircraft Type
• Fixed Wing
• Rotary Wing
• End User
• Business & General Aviation
• Commercial Aviation
• Military Aviation
• Unmanned Aerial Vehicle

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year