Aviation Fuel Market is expected to reach US$ 599.1 million by 2031 | Major key players - Shell Aviation, Johnson Matthey, Chevron Corporation.

Market Size and Growth:

The Global Aviation Fuel Market size reached US$ 211.5 billion in 2023 and is expected to reach US$ 599.1 million by 2031, growing with a CAGR of 13.9% during the forecast period 2024-2031. The Market is growing due to rising global air passenger traffic, expanding commercial aircraft fleets, and increasing adoption of sustainable aviation fuels to meet carbon reduction goals. According to DataM Intelligence

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The Aviation Fuel Market encompasses the production, distribution, and consumption of specialized fuels used in aircraft propulsion, including jet fuel and aviation gasoline. It plays a vital role in supporting global air transportation, influenced by factors such as air traffic growth, fuel efficiency advancements, and sustainability initiatives like the adoption of sustainable aviation fuel (SAF).

United States: Industry Recent Developments

✅ October 2025: The average price for a gallon of Jet-A fuel rose by 7 cents to $6.60 nationwide, with the largest increase in the Eastern region (up 11 cents). This reflects dynamic pricing in aviation fuel across U.S. regions.​

✅ October 2025: Neste and United Airlines expanded their partnership to supply sustainable aviation fuel (SAF) to three new major U.S. airports, aiming to reduce emissions and scale SAF production nationwide.

✅ September 2025: Several U.S. airlines announced partnerships with sustainable aviation fuel (SAF) producers to secure larger volumes of bio-based jet fuel to meet tightened emissions targets by 2030.​

Japan: Industry Recent Developments

✅ August 2025: A Japanese oil major completed a large-scale demonstration project for producing sustainable aviation fuel (SAF) from municipal waste, with commercial rollout planned for early 2026.​

✅ October 2025: The Japanese government released new incentives for airlines increasing SAF usage, including tax credits and landing fee reductions, supporting the national sustainability roadmap.​

✅ October 2025: Japan continues its focus on sustainability in aviation fuel with government incentives and private sector projects pushing SAF adoption.

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Major Key Players:

Atmosfair
Shell Aviation
World Energy
Neste
Gevo,Inc
Honeywell International
Johnson Matthey
Exxon Mobil Corporation
Chevron Corporation
BP PLC.

Market Growth Drivers:

Increasing global air passenger and cargo traffic fueled by tourism growth, e-commerce expansion, and improved connectivity, which leads to higher consumption of aviation fuel worldwide.

The rising adoption and development of sustainable aviation fuel (SAF) driven by stricter environmental regulations, airline commitments, government incentives, and investments to decarbonize fleets and meet carbon reduction targets.

Expanding government and military aviation activities requiring fuel for defense operations, emergency services, and disaster response, supported by investments in advanced aviation technologies and sustainable fuels.

Segments Covered in the Aviation Fuel Market:

By Fuel: Conventional Fuel, Sustainable Fuel.

By Aircraft: Commercial Aircraft, Private Aircraft, Military Aircraft.

Regional Analysis for Aviation Fuel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Aviation Fuel market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Aviation Fuel Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Aviation Fuel market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Aviation Fuel Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Aviation Fuel market?

➠ Who are the global key manufacturers of the Aviation Fuel Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Aviation Fuel market opportunities and threats faced by the vendors in the global Aviation Fuel Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Aviation Fuel market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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