Market Size of Commercial Aircraft Aviation Fuel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 20.86 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Commercial Aircraft Aviation Fuel Market Analysis
During the time frame of the forecast, the market for aviation fuel for commercial aircraft is expected to register a CAGR of about 20.86%.
The commercial aviation fuel market was adversely affected by COVID-19 due to regional lockdowns. However, the market rebounded in 2021.
- Scheduled and non-scheduled aircraft are a part of commercial aviation. These planes carry people or goods for a fee.During the next few years, the market is likely to be driven by things like the growing number of air travelers and aircraft fleets around the world.
- However, the high cost of aviation fuel is expected to restrain market growth.
- Concerns about emissions from the airline industry are growing, and governments in developed economies are taking steps to reduce airline emissions. In the coming years, this is likely to create a lot of opportunities for commercial aircraft aviation fuel.
- Asia-Pacific is expected to be the fastest-growing market during the forecast period, with the majority of the demand coming from countries like China, India, Japan, etc.
Commercial Aircraft Aviation Fuel Industry Segmentation
Aviation fuels are petroleum-based fuels or mixtures of petroleum and synthetic fuels that are used to power airplanes. They have to follow stricter rules than fuels used for stationary purposes, like heating and driving, and they have additives that improve or keep important fuel management or performance characteristics. By fuel type and geography, the commercial aviation fuel market is segmented. By fuel type, the market is segmented into air turbine fuel, aviation biofuel, and others. The report also covers the market size and forecasts for the commercial aircraft aviation fuels market across the major regions. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
| Fuel Type | |
| Air Turbine Fuel (ATF) | |
| Aviation Biofuel | |
| Other Fuel Types |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Commercial Aircraft Aviation Fuel Market Size Summary
The commercial aircraft aviation fuel market is poised for significant growth, driven by an increase in air travel and expanding aircraft fleets globally. Despite the initial setbacks caused by the COVID-19 pandemic, the market has shown resilience and is expected to continue its upward trajectory. The demand for aviation fuel is primarily fueled by the rise in passenger traffic and the proliferation of aviation megacities, which are becoming central hubs for international travel. However, the market faces challenges due to the high cost of aviation fuel and growing environmental concerns, prompting governments in developed regions to implement measures aimed at reducing emissions. This regulatory landscape is anticipated to create new opportunities for the market, particularly in the development and adoption of sustainable aviation fuels.
The Asia-Pacific region is projected to be the fastest-growing market for commercial aircraft aviation fuel, with countries like China, India, and Japan leading the charge. The region's growth is bolstered by robust passenger growth and an expanding commercial airline fleet. The introduction of innovative fuel technologies, such as LanzaTech's ethanol-based ATJ-SPK, and advancements in sustainable fuel production processes are expected to further enhance market dynamics. Major industry players, including Exxon Mobil, Chevron, and Shell, are actively involved in these developments, underscoring the fragmented nature of the market. Collaborative efforts, such as those between United Airlines and CemvitaFactory, highlight the industry's commitment to sustainability and the potential for significant advancements in fuel technology.
Commercial Aircraft Aviation Fuel Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD billion, till 2028
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitute Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Fuel Type
-
2.1.1 Air Turbine Fuel (ATF)
-
2.1.2 Aviation Biofuel
-
2.1.3 Other Fuel Types
-
-
2.2 Geography
-
2.2.1 North America
-
2.2.2 Europe
-
2.2.3 Asia-Pacific
-
2.2.4 South America
-
2.2.5 Middle-East and Africa
-
-
Commercial Aircraft Aviation Fuel Market Size FAQs
What is the current Commercial Aircraft Aviation Fuel Market size?
The Commercial Aircraft Aviation Fuel Market is projected to register a CAGR of greater than 20.86% during the forecast period (2024-2029)
Who are the key players in Commercial Aircraft Aviation Fuel Market?
Exxon Mobil Corporation , Chevron Corporation , BP PLC, TotalEnergies SE and Shell PLC are the major companies operating in the Commercial Aircraft Aviation Fuel Market.
