Research Expert: Sarah Overall
  • Published: Jun 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. 

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    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

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        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

        fragmentation

        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

        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/

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