North America Commercial Aircraft Aviation Fuel Market Size (2024 - 2029)

North America Commercial Aircraft Aviation Fuel Market Analysis

The North American commercial aircraft aviation fuel market is expected to grow at a CAGR of more than 15% over the forecast period.

The market has been negatively impacted by the outbreak of COVID-19 due to regional lockdowns and flight restrictions. Currently, the market has reached pre-pandemic levels.

• Factors such as increasing air passenger traffic, increasing the number of low-cost carriers (LCC) across the region, and growing demand for air cargo transportation, are expected to drive the market over the forecast period.
• However, volatile crude oil and jet fuel prices are expected to restrain the target market.
• The commercial aviation industry aims to increase domestic renewable jet fuel supply to reduce carbon emissions. Thus, there is an increasing demand for alternatives, such as renewable aviation fuel, which will likely provide an opportunity in the near future.
• The United States is expected to dominate the North American commercial aircraft aviation fuel market over the forecast period.

North America 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 are subject to stricter regulations than fuels used for stationary purposes, such as heating and driving. They contain additives to improve or preserve characteristics vital to fuel management or performance.

The North American commercial aviation fuel market is segmented by fuel type and geography. 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 Aviation fuels market across the major countries in the region. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).