Aviation fuel market size to grow by USD 93.88 billion from 2022-2027 | Increasing focus on clean aviation fuel is notably driving the market growth - Technavio

NEW YORK, July 25, 2023 /PRNewswire/ -- The global aviation fuel market size is estimated to grow by USD 93.88 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of  8% during the forecast period. Also, the growth momentum will progress. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 39%. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Aviation Fuel Market - Segmentation Assessment
Segment Overview

Technavio has segmented the market by end-user (commercial, military, and private), product (ATF and aviation biofuel), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

• The commercial segment will be significant during the forecast period. Due to the post-pandemic recovery of the aviation industry, the commercial aircraft segment has been experiencing significant growth. This is primarily due to the increased number of air passengers from 2021 onwards. The increased number of air passengers puts significant pressure on airlines and airport authorities to effectively manage their fleets. This will increase the demand for commercial aircraft, which, in turn, will increase the demand for aviation fuel, which will boost the growth of the market to watch during the forecast period.

Geography Overview
By geography, the global aviation fuel market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global aviation fuel market.

• APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Another region showing the growth momentum for the aviation fuel market is North America. The North American aviation market is maturing because of the strong aviation base of the North American countries, especially the US. The need to invest in effective aircraft systems has grown as a result of the rapidly expanding demand for new aircraft across the globe. Therefore, substantial investments have been made in the production of commercial aircraft systems, which has fueled the growth of the aviation fuel market in North America. 

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Aviation Fuel Market – Market Dynamics
Key factor driving market growth

• Increasing focus on clean aviation fuel will drive the growth of the market. 
• Uncertainty about fuel prices, the need for energy security, and rising emissions are driving interest in alternative fuels in the aviation sector worldwide.
• Aviation biofuels are gradually becoming widely commercialized worldwide due to research and development efforts. Besides, exhaust gas regulations are being strengthened in various countries. 
• Because of these emission standards, the aviation industry in various nations is increasing to use more renewable fuels like ethanol and biodiesel.
• Therefore, such developments will boost the growth of the market we are focusing on during the forecast period. 

Leading trends influencing the market 

• The launch of new aviation fuel technology is the primary trend in the market growth.
• Key market vendors have announced new fuel technologies for sustainable and environmentally friendly aviation fuels.
• For example, a new ground-breaking ethanol-to-jet fuel (ETJ) processing technology that will enable the conversion of ethanol derived from corn, cellulosic materials, or sugar ethanol into SAF was introduced by Honeywell in October 2022.
• Hence, the introduction of such new aviation fuel technologies will support the growth of the focus market during the forecast period. 

Major challenges hindering the market growth

• Fluctuations in oil and gas prices are a major challenge impeding the growth of the market.
• The aviation sector is connected to oil prices and its success depends on oil prices. Fluctuations in oil prices create a major risk for airlines, and rising oil prices will increase downstream input costs, which in turn will increase the cost of fuel.
• Falling oil prices have reduced the focus on investing in alternative aviation fuels. To take advantage of oil price volatility, airlines must balance lower fuel costs with raised supply capacity. 
• Thus, such factors may impede the growth of the aviation fuel market during the forecast period. 

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Aviation Fuel Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the aviation fuel market between 2023 and 2027
• Precise estimation of the aviation fuel market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the aviation fuel market across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of aviation fuel market vendors

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Related Reports:

The commercial aircraft aviation fuel market size is estimated to grow at a CAGR of 7.65% between 2022 and 2027, and the size of the market is forecast to increase by USD 49.5 billion. Furthermore, this report extensively covers market segmentation by application (passenger aircraft and cargo aircraft), type (air turbine fuel (ATF), aviation biofuel, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The increase in demand for air travel is the key factor driving the growth of the commercial aircraft aviation fuel market during the forecast period.

The Defense Aircraft Aviation Fuel Market size is estimated to grow at a CAGR of 5.81% between 2022 and 2027 and the size of the market is forecast to increase by USD 17,077.63 million. Furthermore, this report extensively covers market segmentation by product (air turbine fuel (ATF), aviation biofuel, and others), application (surveillance aircraft, civil aircraft, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The increasing use of military UAVs is driving growth in the aircraft aviation fuel market during the forecast period.

Table Of Contents 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aviation fuel market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global aviation fuel market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.4 Military - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Military - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Military - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Military - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Military - Year-over-year growth 2022-2027 (%)

• 6.5 Private - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Private - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Private - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Private - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Private - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ billion)
• Exhibit 47: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 48: Chart on Product - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 50: Chart on Comparison by Product
• Exhibit 51: Data Table on Comparison by Product

• 7.3 ATF - Market size and forecast 2022-2027 
• Exhibit 52: Chart on ATF - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on ATF - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on ATF - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on ATF - Year-over-year growth 2022-2027 (%)

• 7.4 Aviation biofuel - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Aviation biofuel - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Aviation biofuel - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Aviation biofuel - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Aviation biofuel - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 60: Market opportunity by Product ($ billion)
• Exhibit 61: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 BP Plc
• Exhibit 115: BP Plc - Overview
• Exhibit 116: BP Plc - Business segments
• Exhibit 117: BP Plc - Key news
• Exhibit 118: BP Plc - Key offerings
• Exhibit 119: BP Plc - Segment focus

• 12.4 Chevron Corp.
• Exhibit 120: Chevron Corp. - Overview
• Exhibit 121: Chevron Corp. - Business segments
• Exhibit 122: Chevron Corp. - Key news
• Exhibit 123: Chevron Corp. - Key offerings
• Exhibit 124: Chevron Corp. - Segment focus

• 12.5 Exxon Mobil Corp.
• Exhibit 125: Exxon Mobil Corp. - Overview
• Exhibit 126: Exxon Mobil Corp. - Business segments
• Exhibit 127: Exxon Mobil Corp. - Key offerings
• Exhibit 128: Exxon Mobil Corp. - Segment focus

• 12.6 Gazprom International Ltd. 
• Exhibit 129: Gazprom International Ltd. - Overview
• Exhibit 130: Gazprom International Ltd. - Product / Service
• Exhibit 131: Gazprom International Ltd. - Key offerings

• 12.7 Gevo Inc.
• Exhibit 132: Gevo Inc. - Overview
• Exhibit 133: Gevo Inc. - Business segments
• Exhibit 134: Gevo Inc. - Key offerings
• Exhibit 135: Gevo Inc. - Segment focus

• 12.8 Honeywell International Inc. 
• Exhibit 136: Honeywell International Inc. - Overview
• Exhibit 137: Honeywell International Inc. - Business segments
• Exhibit 138: Honeywell International Inc. - Key news
• Exhibit 139: Honeywell International Inc. - Key offerings
• Exhibit 140: Honeywell International Inc. - Segment focus

• 12.9 LanzaTech Global Inc. 
• Exhibit 141: LanzaTech Global Inc. - Overview
• Exhibit 142: LanzaTech Global Inc. - Product / Service
• Exhibit 143: LanzaTech Global Inc. - Key offerings

• 12.10 Marathon Petroleum Corp. 
• Exhibit 144: Marathon Petroleum Corp. - Overview
• Exhibit 145: Marathon Petroleum Corp. - Business segments
• Exhibit 146: Marathon Petroleum Corp. - Key offerings
• Exhibit 147: Marathon Petroleum Corp. - Segment focus

• 12.11 MOL Group
• Exhibit 148: MOL Group - Overview
• Exhibit 149: MOL Group - Business segments
• Exhibit 150: MOL Group - Key offerings
• Exhibit 151: MOL Group - Segment focus

• 12.12 Neste Corp.
• Exhibit 152: Neste Corp. - Overview
• Exhibit 153: Neste Corp. - Business segments
• Exhibit 154: Neste Corp. - Key news
• Exhibit 155: Neste Corp. - Key offerings
• Exhibit 156: Neste Corp. - Segment focus

• 12.13 Oil and Natural Gas Corp. Ltd. 
• Exhibit 157: Oil and Natural Gas Corp. Ltd. - Overview
• Exhibit 158: Oil and Natural Gas Corp. Ltd. - Business segments
• Exhibit 159: Oil and Natural Gas Corp. Ltd. - Key offerings
• Exhibit 160: Oil and Natural Gas Corp. Ltd. - Segment focus

• 12.14 PJSC LUKOIL
• Exhibit 161: PJSC LUKOIL - Overview
• Exhibit 162: PJSC LUKOIL - Business segments
• Exhibit 163: PJSC LUKOIL - Key news
• Exhibit 164: PJSC LUKOIL - Key offerings
• Exhibit 165: PJSC LUKOIL - Segment focus

• 12.15 Shell plc
• Exhibit 166: Shell plc - Overview
• Exhibit 167: Shell plc - Business segments
• Exhibit 168: Shell plc - Key offerings
• Exhibit 169: Shell plc - Segment focus

• 12.16 TotalEnergies SE
• Exhibit 170: TotalEnergies SE - Overview
• Exhibit 171: TotalEnergies SE - Business segments
• Exhibit 172: TotalEnergies SE - Key news
• Exhibit 173: TotalEnergies SE - Key offerings
• Exhibit 174: TotalEnergies SE - Segment focus

• 12.17 Valero Energy Corp.
• Exhibit 175: Valero Energy Corp. - Overview
• Exhibit 176: Valero Energy Corp. - Business segments
• Exhibit 177: Valero Energy Corp. - Key offerings
• Exhibit 178: Valero Energy Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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