Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR40657

  • Latest News- Aviation Fuel Market: Commercial is expected to lead the End-user segment during 2024-2028

    The Aviation Fuel Market is being driven by Increasing focus on clean aviation fuel

    The Aviation Fuel Market is expected to grow at a CAGR of 8.55% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 109 billion. Vendors in the aviation fuel market are spearheading innovation by introducing new technologies for the production of sustainable aviation fuel (SAF). Notably, Honeywell unveiled its UOP eFining technology in March 2023, enabling the production of low-carbon eFuels, a sustainable alternative to traditional fossil fuels. Furthermore, in October 2022, Honeywell introduced an ethanol-to-jet fuel (ETJ) processing technology, converting corn-based, cellulosic, or sugar-based ethanol into SAF. These advancements underscore the potential growth of the global aviation fuel market during the forecast period, as the industry transitions towards more sustainable fuel solutions. 

    Get more information on Aviation Fuel Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • End-user
      • Commercial
      • Military
      • Private
    • Product
      • ATF
      • Aviation biofuel
    • Geography
      • North America
        • Canada
        • US
      • APAC
        • China
        • India
      • Europe
        • Germany
      • South America
      • Middle East and Africa

     

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Increasing focus on clean aviation fuel
    • Increase in demand for air travel
    • Increasing use of military UAVs

    However, the market also witnesses some limitations, which are as follows:

    • Fluctuations in oil and gas prices
    • Competition from fuel cells
    • High cost of sustainable aviation fuels

    Benefits of Buying Global Aviation Fuel Market Research Report by Technavio

    Rich Experience: 20+ years leading global market research, trusted insights across industries.

    Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

    Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

    Market Scope in Aviation Fuel Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    176

    Base year

    2023

    Historic period

    2018-2022

    Forecast period

    2024-2028

    Growth momentum & CAGR

    Accelerate at a CAGR of 8.55%

    Market growth 2024-2028

    USD 109 billion

    Market structure

    market_structure.ucfirst

    YoY growth 2023-2024(%)

    7.68

    Key countries

    US, China, Germany, India, and Canada

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Request Free Sample

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    The Aviation Fuel Market encompasses Aviation Turbine Fuel and Aviation Gasoline, serving Commercial Aviation, Defense Aviation, and General Aviation. Fossil fuels, including jet fuel, contribute significantly to greenhouse gas emissions. Regulatory bodies impose environmental regulations, pushing for biofuels and efficient, aerodynamic aircraft. Risks of icing and fuel consumption impact air passenger travel. Proliferating businesses in short-distance travel and flying routes drive operating expenses. Aircraft manufacturers focus on reducing fuel costs through strategic mergers, efficient aircraft designs, and electric aircraft. Disposable income and customer base expansion influence market growth. Conventional fuelled aircraft face risks of icing and increased regulatory scrutiny.

    Market Research Overview

    The aviation fuel market encompasses the production and supply of Aviation Turbine Fuel (ATF) and Aviation Gasoline (AvGas) for commercial, defense, and general aviation sectors. According to Technavio, the size of the global aviation fuel market is determined by the consolidated revenue of key industry players engaged in the production and distribution of coal and related fuels, including fossil fuels and emerging biofuels. Market expansion will be fueled by escalating energy demand, driven by factors such as dwindling fossil fuel reserves and volatile fuel prices, as well as growing energy insecurity in countries heavily reliant on coal imports.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.