Product Code: 4455
The aviation fuel market is anticipated to grow significantly by 2028 driven by notable technological advancements in the product. In addition, increasing investments towards enhancing fuel development techniques as well as reducing the environmental influence of fossil fuels, coupled with rising number of air passengers due to growing disposable income, are likely to further facilitate market growth through the forecast timeframe.
Notably, increased emphasis on green initiatives has encouraged industry players to invest in sustainable fuel solutions along with forming strategic partnerships with airline operators to innovate technologies to expand their business presence, which has been favorable for aviation fuel market growth. For instance, in January 2021, BP, a British oil & gas company, announced a strategic alliance with Qantas Airways Ltd., an Australian airline, to advance their shared net-zero ambitions. The alliance was intended to allow both companies to work together on opportunities to lower carbon emissions.
To quote an instance, in September 2021, Shell, a leading British oil company, announced a final investment decision to build a biofuel facility with an 820,000-tons-a-year capacity at the Shell Energy and Chemicals Park Rotterdam refinery. The facility was aimed to be one of Europe's biggest production facilities for renewable diesel and sustainable aviation fuel (SAF). Furthermore, in April 2022, Shell was chosen to supply fuel for Asia's first major sustainable aviation fuel (SAF) program launched by Cathay Pacific, a Hong Kong airline.
In another instance, in September 2021, Chevron, an American multinational energy corporation, and Gevo, Inc., a leading producer of hydrocarbons and chemicals, collaborated to produce sustainable aviation fuel from processed inedible corn. The resulting new facilities were purposed to produce proteins and corn oil.
Similarly, in September 2021, Gazprom, a leading player in the industry, joined forces with Aeroflot, the largest airline of Russia, to make Russia's first minimum carbon-footprint SAF. Likewise, in February 2022, ExxonMobil, a U.S.-based oil & gas corporation, was selected as the official supplier of SAF, produced from cooking oil and waste animal fats, by the Civil Aviation Authority of Singapore (CAAS), Temasek, a Singapore-based global investment company, and Singapore Airlines (SIA).
The aviation fuel market has been bifurcated based on grade, end-user, and region. In terms of end-user, the market has been further divided into regional, commercial, business, military, and helicopter.
The business segment is estimated to garner a revenue share of over 10% by the end of the analysis timespan. The aviation fuel market share from the helicopter segment is slated to grow with a CAGR of nearly 7.6% through the review period.
With respect to region, the Middle East & Africa aviation fuel industry accounted for around 8% volume share in 2021 and is slated to progress at a robust pace over 2022-2028. Meanwhile, the Latin America aviation fuel market is anticipated to grow at a CAGR of roughly 8.5% through the study timeframe.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market definitions
- 1.2 Base estimation & working
- 1.2.1 North America
- 1.2.2 Europe
- 1.2.3 Asia Pacific (APAC)
- 1.2.4 Latin America (LATAM)
- 1.2.5 Middle East & Africa (MEA)
- 1.3 Forecast calculations
- 1.3.1 COVID-19 impact calculations on industry forecast
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
Chapter 2 Executive Summary
- 2.1 Aviation fuel industry 360 degree synopsis, 2018 - 2028
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Grade trends
- 2.1.4 End-use sector trends
Chapter 3 Aviation Fuel Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry landscape, 2018 - 2028
- 3.3 Industry ecosystem analysis
- 3.3.1 Distribution channel analysis
- 3.3.2 Vendor matrix
- 3.4 Pricing analysis (including COVID-19 impact)
- 3.4.1 Regional pricing
- 3.4.1.1 North America
- 3.4.1.2 Europe
- 3.4.1.3 Asia Pacific
- 3.4.1.4 Latin America
- 3.4.1.5 Middle East & Africa
- 3.4.2 Cost structure analysis
- 3.5 Technology landscape
- 3.6 Regulatory landscape
- 3.7 Industry impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Proliferating demand for air travel owing to low-cost carriers
- 3.7.1.2 Increasing production and deliveries of aircraft
- 3.7.1.3 Construction and expansion of airports
- 3.7.1.4 Booming trade activities and proliferating e-commerce industry
- 3.7.1.5 Expanding middle class population and proliferating tourism industry
- 3.7.1.6 Supporting regulatory norms and rising demand for green and sustainable fuel
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Volatile crude oil pricing and geopolitical issues
- 3.7.2.2 Rising preference for hybrid and electric aircraft
- 3.7.2.3 Capacity constraints and congestion related issues
- 3.8 Growth potential analysis, 2021
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive landscape
- 4.1 Company market share analysis, 2021
- 4.2 Strategy dashboard
Chapter 5 Aviation Fuel Market, By Grade
- 5.1 Global aviation fuel market share by grade, 2018 & 2028
- 5.2 Jet Fuel
- 5.2.1 Global market estimates and forecasts, 2018 - 2028
- 5.3 Aviation Gasoline
- 5.3.1 Global market estimates and forecasts, 2018 - 2028
- 5.4 Biokerosene
- 5.4.1 Global market estimates and forecasts, 2018 - 2028
Chapter 6 Aviation Fuel Market, By End-use Sector
- 6.1 Global aviation fuel market share by end-use sector, 2018 & 2028
- 6.2 Commercial
- 6.2.1 Global market estimates and forecasts, 2018 - 2028
- 6.2.2 Narrow-body
- 6.2.2.1 Global market estimates and forecasts, 2018 - 2028
- 6.2.3 Wide-body
- 6.2.3.1 Global market estimates and forecasts, 2018 - 2028
- 6.3 Regional
- 6.3.1 Global market estimates and forecasts, 2018 - 2028
- 6.4 Business
- 6.4.1 Global market estimates and forecasts, 2018 - 2028
- 6.5 Helicopter
- 6.5.1 Global market estimates and forecasts, 2018 - 2028
- 6.6 Military
- 6.6.1 Global market estimates and forecasts, 2018 - 2028
Chapter 7 Aviation Fuel Market, By Region
- 7.1 Global aviation fuel market share by region, 2018 & 2028
- 7.2 North America
- 7.2.1 Market estimates and forecast, 2018 - 2028
- 7.2.2 Market estimates and forecast by grade, 2018 - 2028
- 7.2.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018 - 2028
- 7.2.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.2.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018 - 2028
- 7.2.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.2.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3 Europe
- 7.3.1 Market estimates and forecast, 2018 - 2028
- 7.3.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.4 Germany
- 7.3.4.1 Market estimates and forecast, 2018 - 2028
- 7.3.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.5 France
- 7.3.5.1 Market estimates and forecast, 2018 - 2028
- 7.3.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.6 UK
- 7.3.6.1 Market estimates and forecast, 2018 - 2028
- 7.3.6.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.6.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.7 Italy
- 7.3.7.1 Market estimates and forecast, 2018 - 2028
- 7.3.7.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.7.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.8 Russia
- 7.3.8.1 Market estimates and forecast, 2018 - 2028
- 7.3.8.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.8.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.9 Spain
- 7.3.9.1 Market estimates and forecast, 2018 - 2028
- 7.3.9.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.9.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.10 Netherlands
- 7.3.10.1 Market estimates and forecast, 2018 - 2028
- 7.3.10.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.10.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.3.11 Switzerland
- 7.3.11.1 Market estimates and forecast, 2018 - 2028
- 7.3.11.2 Market estimates and forecast by grade, 2018 - 2028
- 7.3.11.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018 - 2028
- 7.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018 - 2028
- 7.4.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.5 Japan
- 7.4.5.1 Market estimates and forecast, 2018 - 2028
- 7.4.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.6 Australia
- 7.4.6.1 Market estimates and forecast, 2018 - 2028
- 7.4.6.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.6.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.7 Indonesia
- 7.4.7.1 Market estimates and forecast, 2018 - 2028
- 7.4.7.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.7.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.8 India
- 7.4.8.1 Market estimates and forecast, 2018 - 2028
- 7.4.8.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.8.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.9 South Korea
- 7.4.9.1 Market estimates and forecast, 2018 - 2028
- 7.4.9.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.9.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.10 Thailand
- 7.4.10.1 Market estimates and forecast, 2018 - 2028
- 7.4.10.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.10.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.11 Hong Kong
- 7.4.11.1 Market estimates and forecast, 2018 - 2028
- 7.4.11.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.11.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.4.12 Singapore
- 7.4.12.1 Market estimates and forecast, 2018 - 2028
- 7.4.12.2 Market estimates and forecast by grade, 2018 - 2028
- 7.4.12.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5 Latin America
- 7.5.1 Market estimates and forecast, 2018 - 2028
- 7.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5.4 Brazil
- 7.5.4.1 Market estimates and forecast, 2018 - 2028
- 7.5.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5.5 Mexico
- 7.5.5.1 Market estimates and forecast, 2018 - 2028
- 7.5.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5.6 Argentina
- 7.5.6.1 Market estimates and forecast, 2018 - 2028
- 7.5.6.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.6.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5.7 Chile
- 7.5.7.1 Market estimates and forecast, 2018 - 2028
- 7.5.7.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.7.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.5.8 Colombia
- 7.5.8.1 Market estimates and forecast, 2018 - 2028
- 7.5.8.2 Market estimates and forecast by grade, 2018 - 2028
- 7.5.8.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.6 Middle East & Africa
- 7.6.1 Market estimates and forecast, 2018 - 2028
- 7.6.2 Market estimates and forecast by grade, 2018 - 2028
- 7.6.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.6.4 Saudi Arabia
- 7.6.4.1 Market estimates and forecast, 2018 - 2028
- 7.6.4.2 Market estimates and forecast by grade, 2018 - 2028
- 7.6.4.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.6.5 UAE
- 7.6.5.1 Market estimates and forecast, 2018 - 2028
- 7.6.5.2 Market estimates and forecast by grade, 2018 - 2028
- 7.6.5.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.6.6 Turkey
- 7.6.6.1 Market estimates and forecast, 2018 - 2028
- 7.6.6.2 Market estimates and forecast by grade, 2018 - 2028
- 7.6.6.3 Market estimates and forecast by end-use sector, 2018 - 2028
- 7.6.7 South Africa
- 7.6.7.1 Market estimates and forecast, 2018 - 2028
- 7.6.7.2 Market estimates and forecast by grade, 2018 - 2028
- 7.6.7.3 Market estimates and forecast by end-use sector, 2018 - 2028
Chapter 8 Company Profiles
- 8.1 Total
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 ExxonMobil
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Chevron
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 British Petroleum (BP)
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Shell
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Gazprom
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Vitol
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 World Fuel Services
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Mercury Air Group
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 China Aviation Oil
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Reliance Petroleum
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Indian Oil Corporation Limited
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Bharat Petroleum Corporation Limited (BPCL)
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 HPCL
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Virent, Inc.
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis