Aviation Fuel Market to Reach USD 302.81 Billion by 2030 Driven by Sustainable Fuel Adoption, Brazil & South Africa Lead Regional Demand | Mordor Intelligence Reports

The global aviation fuel market is projected to grow from USD 212.01 billion in 2025 to USD 302.81 billion by 2030, registering a CAGR of 7.39% during the forecast period. This growth reflects rising air passenger traffic, expanding airline fleets, and increasing investments in sustainable aviation fuel (SAF).

Airlines worldwide are modernizing fleets and expanding route networks to meet surging travel demand. At the same time, governments and industry leaders are prioritizing SAF to reduce emissions and align with environmental commitments. The combination of infrastructure upgrades, digital fuel management systems, and SAF adoption is shaping the next phase of the aviation fuel industry.

Emerging Trends in the Aviation Fuel Market

Growing Air Travel Demand and Fleet Expansion

• Rising middle-class populations and urbanization in Asia-Pacific and other emerging regions are fueling air travel demand.
• Low-cost carriers (LCCs) are expanding aggressively, offering affordable fares and increasing flight frequencies.
• Fleet modernization programs, such as Qatar Airways’ order of Boeing 777X aircraft and Kuwait Airways’ Airbus deal, highlight the industry’s commitment to capacity growth.

Infrastructure Development and Airport Expansion

• Airports across Asia, the Middle East, and Africa are investing in new terminals, fuel storage, and distribution facilities.
• Egypt’s Borg Al Arab airport expansion plan and India’s Jawaharlal Nehru Port Trust fuel shipment initiatives demonstrate the scale of infrastructure upgrades.
• Advanced digital fuel management systems are being adopted by fixed-base operators (FBOs) to improve efficiency and reliability.

Rise of Sustainable Aviation Fuel (SAF)

• SAF is emerging as a critical solution to reduce carbon emissions while maintaining performance standards.
• Aemetis’ plan to produce 90 million gallons annually and Indian Oil Corp’s USD 122 million SAF plant investment highlight the momentum in SAF production.
• Airlines are entering long-term supply agreements with SAF producers, ensuring steady adoption across commercial and defense aviation.

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Segmentation:

By Fuel Type

• Aviation Turbine Fuel (ATF):
• Dominates with ~96% market share in 2024.
• Includes Jet A, Jet A-1, and Jet B fuels, widely used across commercial and defense aviation.
• Supported by established infrastructure and stringent quality standards.
• Aviation Biofuel (SAF):
• Fastest-growing segment, driven by environmental regulations and airline commitments.
• Companies like Neste OYJ and Swedish Biofuels AB are leading SAF development.
• AVGAS (Aviation Gasoline):
• Serves piston-engine aircraft in general aviation.
• Ongoing R&D focuses on unleaded alternatives to meet environmental standards.

By End-User

• Commercial Aviation:
• Accounts for ~92% of market share in 2024.
• Driven by passenger traffic recovery, fleet expansion, and new regional carriers.
• Defense Aviation:
• Strongest growth segment due to military modernization programs in Asia-Pacific and the Middle East.
• Rising defense budgets and procurement of advanced aircraft fuel demand.
• General Aviation:
• Includes private jets, charter services, and emergency medical flights.
• Significant presence in North America and Europe, supported by business aviation and training activities.

By Geography

• Asia-Pacific: Largest and fastest-growing region, led by China with ~34% share in 2024. Largest and fastest-growing region, led by China with ~34% share in 2024.
• North America: Strong demand from the United States, accounting for ~65% of regional consumption. Strong demand from the United States, accounting for ~65% of regional consumption.
• Europe: Mature market with strong SAF adoption, led by the United Kingdom. Mature market with strong SAF adoption, led by the United Kingdom.
• Middle East: Strategic hub with UAE as the fastest-growing market. Strategic hub with UAE as the fastest-growing market.
• South America & Africa: Brazil and South Africa lead regional demand, supported by tourism and connectivity growth. Brazil and South Africa lead regional demand, supported by tourism and connectivity growth.

Top Key Players in the Aviation Fuel Market

• ExxonMobil Corporation
• Chevron Corporation
• Shell Plc
• TotalEnergies SE
• BP Plc

These companies are expanding SAF production, upgrading infrastructure, and investing in digital fuel management systems. Regional players such as Indian Oil Corporation, Bharat Petroleum, and Abu Dhabi National Oil Company are strengthening their positions through government support and partnerships with airlines.

Strategic collaborations, mergers, and acquisitions are common, particularly in SAF development, as companies aim to share expertise and reduce costs. Fixed-base operators are also becoming attractive acquisition targets to enhance airport presence and service capabilities.

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