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Aviation Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global aviation fuel market reached a value of US$ 288.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 387.60 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Aviation fuel is a colorless, combustible, and straight-run petroleum distillate utilized for aircraft propulsion. It is also used as a coolant or heat sink while providing high thermal stability to the engine and airframe. Besides this, it is employed as a hydraulic fluid to convey pressure signals in the control system and position engine devices, such as the compressor stator vane and compressor air bleed valve positions, to achieve ideal operating conditions. Aviation fuel offers several advantages to aircraft, including stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and prevents the risk of explosion and deposit formation in the turbine after mixing with additives.

 

 
 

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Aviation Fuel Market Trends:

At present, there is a considerable rise in the usage of aviation fuel in military aircraft to increase fuel efficiency and reduce operational costs across the globe. This, along with the burgeoning aircraft industry, represents one of the key factors driving the market. Moreover, there is a rise in air transportation due to economic and demographic growth around the world. This, coupled with the increasing development of airports for better connectivity, is strengthening the growth of the market. Additionally, key market players are investing in research and development (R&D) activities to introduce biofuels that can significantly reduce carbon emissions. In line with this, the growing demand for sustainable aviation fuel (SAF) as an alternative to fossil fuels is positively influencing the market. Apart from this, the escalating demand for air freight as it is the fastest way of transporting goods internationally is offering lucrative growth opportunities to industry investors. Other growth-inducing factors expected to strengthen the market growth are rapid economic development and the rising production of aviation fuel.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation fuel market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fuel, aircraft and end use.

Breakup by Fuel:

 

 
 

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  • Jet A1
  • Jet B
  • JP 5
  • JP 8
  • Avgas
  • Biofuel
     

Breakup by Aircraft:

  • Fixed Wings
  • Rotorcraft
  • Others
     

Breakup by End Use:

  • Commercial
  • Military
  • Private
  • Others
     

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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, Petróleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE and Vitol.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Fuel, Aircraft, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, Petróleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE and Vitol.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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 has been the impact of COVID-19 on the global aviation fuel market?
  • What are the key regional markets?
  • What is the breakup of the market based on the fuel?
  • What is the breakup of the market based on the aircraft?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global aviation fuel market and who are the key players?
  • What is the degree of competition in the industry?

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    Petróleo 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

List of Figures

Figure 1: Global: Aviation Fuel Market: Major Drivers and Challenges
Figure 2: Global: Aviation Fuel Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Aviation Fuel Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Aviation Fuel Market: Breakup by Fuel (in %), 2021
Figure 5: Global: Aviation Fuel Market: Breakup by Aircraft (in %), 2021
Figure 6: Global: Aviation Fuel Market: Breakup by End Use (in %), 2021
Figure 7: Global: Aviation Fuel Market: Breakup by Region (in %), 2021
Figure 8: Global: Aviation Fuel (Jet A) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Aviation Fuel (Jet A) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Aviation Fuel (Jet A1) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Aviation Fuel (Jet A1) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Aviation Fuel (Jet B) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Aviation Fuel (Jet B) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Aviation Fuel (JP 5) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Aviation Fuel (JP 5) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Aviation Fuel (JP 8) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Aviation Fuel (JP 8) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Aviation Fuel (Avgas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Aviation Fuel (Avgas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Aviation Fuel (Biofuel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Aviation Fuel (Biofuel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Aviation Fuel (Fixed Wings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Aviation Fuel (Fixed Wings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Aviation Fuel (Rotorcraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Aviation Fuel (Rotorcraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Aviation Fuel (Other Aircrafts) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Aviation Fuel (Other Aircrafts) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Aviation Fuel (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Aviation Fuel (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Aviation Fuel (Military) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Aviation Fuel (Military) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Aviation Fuel (Private) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Aviation Fuel (Private) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Aviation Fuel (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Aviation Fuel (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Aviation Fuel Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Aviation Fuel Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Aviation Fuel Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Aviation Fuel Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Aviation Fuel Market Forecast: Breakup by Fuel (in Million US$), 2022-2027
Table 3: Global: Aviation Fuel Market Forecast: Breakup by Aircraft (in Million US$), 2022-2027
Table 4: Global: Aviation Fuel Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Aviation Fuel Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Aviation Fuel Market: Competitive Structure
Table 7: Global: Aviation Fuel Market: Key Players


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