The Global Aviation Fuel Market size was estimated at USD 37.40 billion in 2022 and expected to reach USD 39.91 billion in 2023, projecting growth at a CAGR of 7.01% to reach USD 64.37 billion by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19:

The ongoing global health crisis has had a huge impact on the aviation industry as a whole, not just in terms of air travel but also in terms of demand for aviation fuel. With fewer people traveling, airlines are cutting back their flights and consequently reducing the demand for fuel. This has led to a significant drop in prices for aviation fuel around the world as airlines try to stay afloat financially.

Cumulative Impact of Russia-Ukraine Conflict:

Numerous countries imposed economic sanctions against Russia that significantly affected its economy and its ability to access certain types of fuels. This led to increased competition between Russian companies for limited supplies of aviation fuel, driving up prices across the board. In addition, the conflict between Ukraine and Russia caused additional disruption to international trade routes leading to higher costs for transportation related to importing or exporting aviation fuel.

Cumulative Impact of High Inflation:

High inflation rates have also had an impact on the global aviation fuel market by raising input costs for producers and suppliers of aviation fuel as well as affecting consumer demand for flights due to rising ticket prices. High inflation can also lead to currency devaluation, which can affect international trade flows related to importing or exporting aircraft fuel leading to further disruption in supplies and pricing volatility in some markets around the world.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global Aviation Fuel Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Growing number of commercial and military aviation fleets across economies
    • Increasing availability of government support to expand the production of aviation fuels
    • Booming trade activities and proliferating eCommerce activities globally
  • Restraints
    • Operational and congestion related issues with aviation fuels
  • 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
  • Challenges
    • Rising preference for hybrid and electric aircrafts

Market Segmentation & Coverage:

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

  • Based on Type, the market is studied across Aviation Gasoline, Bio-Jet Fuel, and Jet Fuel.
  • Based on Components, the market is studied across Additives and Hydrocarbon Compounds. The Additives is further studied across Antioxidants, Corrosion Inhibitors, Fuel System Icing Inhibitors, Metal Deactivators, and Static Dissipators. The Hydrocarbon Compounds is further studied across Aromatics, Cycloparaffins, Olefins, and Paraffins.
  • Based on Aircraft Type, the market is studied across Fixed Wing and Rotary Wing.
  • Based on End User, the market is studied across Business & General Aviation, Commercial Aviation, Military Aviation, and Unmanned Aerial Vehicle.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Aviation Fuel Market, including Abu Dhabi National Oil Company, Bharat Petroleum Corporation Limited, BP p.l.c., Chevron Corporation, Essar Oil (UK) Limited, Exxon Mobil Corporation, Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Indian Oil Corporation Limited, LUKOIL, Marathon Petroleum Corporation, Neste Oyj, Oman Oil Marketing Company, OMV Aktiengesellschaft, Petr?leo Brasileiro S.A., PT Pertamina, Rosneft Deutschland GmbH, Shell PLC, SkyNRG, Swedish Biofuels AB, TotalEnergies SE, Valero Energy Corporation, Vitol Aviation, Viva Energy Group, and Wastefuel.

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global Aviation Fuel Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Aviation Fuel Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Aviation Fuel Market?
  • What is the competitive strategic window for opportunities in the Global Aviation Fuel Market?
  • What are the technology trends and regulatory frameworks in the Global Aviation Fuel Market?
  • What is the market share of the leading vendors in the Global Aviation Fuel Market?
  • What modes and strategic moves are considered suitable for entering the Global Aviation Fuel Market?