How Big Is the Aviation Fuel Market

Q: What is the overall size of the aviation fuel market?

The aviation fuel market is projected to reach USD 376.5 billion by 2031.

Q: Which fuel types dominate the aviation fuel market?

Jet A and Jet A-1 are the most commonly used aviation fuels, with growing interest in SAF (sustainable aviation fuel).

Q: What is the CAGR of the aviation fuel market during the forecast period?

The aviation fuel market is expected to grow at a CAGR of 6.1% during the forecast period.

Q: How is sustainable aviation fuel impacting the market?

SAF adoption is driving innovation and aligning with decarbonization goals, supported by regulatory policies and airline commitments.

Q: Which regions show strong growth potential in the aviation fuel market?

Asia-Pacific, North America, and the Middle East are showing rapid growth due to increasing air traffic and infrastructure development.

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How Big Is the Aviation Fuel Market | Trends 2025

Code: MTA5430

Publication Date: Jul 2025

How big is the aviation fuel market?

According to 绿帽社 internal database and industry insights, the Global Aviation Fuel Market was valued at approximately USD 248.7 billion in 2024 and is projected to reach USD 376.5 billion by 2031. The market is expected to grow at a CAGR of 6.1% during the forecast period.

This growth is driven by rising air traffic, increasing demand for air cargo services, and expanding low-cost carrier operations. The development of sustainable aviation fuels (SAF) and increasing fleet modernization are also major factors driving market growth.

Key Growth Factors of the Aviation Fuel Market

Growing air traffic for both passengers and freight
Regional connectivity and the growth of low-cost airlines
Increasing demand for high-performance and energy-efficient fuel
Growing replacement and modernization of the aircraft fleet
Government backing for programs promoting sustainable aviation fuel
Resumption of long-distance and international travel

Aviation Fuel Market Trends

The aviation fuel market is witnessing increased investment in SAF (sustainable aviation fuels), driven by decarbonization targets and airline commitments to net-zero emissions. Long-term contracts are being signed by airlines and SAF manufacturers. AI-based fuel consumption optimization and digital fuel management systems are also becoming more popular as ways to cut expenses and increase efficiency.

Emerging Developments in the Aviation Fuel Market

Innovations include bio-based jet fuels, power-to-liquid (PtL) technologies, and blended fuel solutions that reduce lifecycle emissions. Refineries are ramping up SAF production using feedstocks such as used cooking oil and algae. Hybrid propulsion research and collaborations between fuel producers and OEMs are also reshaping the market.