Jet fuel prices worldwide were forecast to average 86 U.S. dollars per barrel in 2025, marking a decrease from the previous year's 99 dollars per barrel.

The Jet Fuel Market Report is Segmented Into Fuel Type (Jet A, Jet A-1, Jet B, and Others), Application (Commercial Aviation, Defense Aviation, and General Aviation), Distribution Channel (Into-Plane and Bulk Supply To Fixed-Base Operators), and Geography (North America, Asia-Pacific, Europe, South America, and Middle East and Africa). The Market Size and Forecast are Provided in Terms of Value (USD).

Market Overview and Growth Drivers: The global jet fuel market is valued at $175.76 million, projected to expand at a robust CAGR of 11.07% during 2025-2033. This growth is predominantly driven by the resurgence of the aviation industry post-COVID-19. Increasing air travel demand, particularly for leisure and business purposes, is fueling the demand for jet fuel. Moreover, ongoing geopolitical tensions and the expanding defense sector are contributing to the market growth. Key Market Trends and Restraints: The jet fuel market is segmented into fuel types (Jet A, Jet A1, Jet B) and applications (commercial, defense, general aviation). Commercial aviation dominates the market, with growing passenger traffic and the introduction of new aircraft. The defense sector is expected to exhibit significant growth due to increased military spending and aircraft modernization programs. However, the market faces certain restraints, including fluctuating crude oil prices and environmental concerns related to carbon emissions from air travel. Recent developments include: April 2023: Indian Oil Corporation intends to form a joint venture with US-based clean energy technology company LanzaJet Inc and numerous domestic airlines to produce sustainable aviation fuel (SAF). At USD 366 million, the proposed business will establish a factory to manufacture SAF using alcohol-to-jet technology at the state-run company's Panipat refinery in Haryana., March 2023: NREL regional analysis can aid in accelerating the production and delivery of sustainable aviation fuel. Sustainable aviation fuel (SAF), made from nonpetroleum sources such as trash and biomass, can reduce aviation greenhouse gas (GHG) emissions by 50% or more than fossil-derived jet fuel.. Key drivers for this market are: 4., The Increasing Number of Air Passengers4.; Increasing use of Aircraft in Defence Sector. Potential restraints include: 4., The Increasing Number of Air Passengers4.; Increasing use of Aircraft in Defence Sector. Notable trends are: The Commercial Segment to Dominate the Market.

The Report Covers Aviation Fuel Market Size & Share and It is Segmented by Fuel Type (Aviation Turbine Fuel (JetA, JetA-1, and JetB), Aviation Biofuel, and AVGAS), End-User (Commercial, Defense, and General Aviation), Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast was 2.12300 $ per Gallon in November of 2025, according to the United States Federal Reserve. Historically, United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast reached a record high of 5.06600 in April of 2022 and a record low of 0.28200 in December of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast - last updated from the United States Federal Reserve on December of 2025.

Jet fuel prices in the aviation industry were at an all-time low during 2020; the lowest value recorded was in the week of May 1, 2020 at 0.46 U.S. dollars per gallon. Now that air passenger demand is improving, the rise in jet fuel prices is putting pressure on the airline industry that is trying to return to profitability.

The global jet fuel market is projected to reach a value of USD 271.87 billion by 2033, exhibiting a CAGR of 4.67% during the forecast period (2025-2033). The growth in air travel and the increasing demand for jet fuel from commercial airlines are key drivers of the market. The market is segmented by aircraft type (commercial aircraft, military aircraft, business jets, private jets), fuel type (Jet A-1, Jet A, JP-8, JP-5), application (commercial aviation, military aviation, private aviation), and end user (airlines, military, corporations, individuals). North America is expected to account for the largest share of the jet fuel market, followed by Asia Pacific. The growth in the aviation industry in these regions, coupled with the increasing number of air travelers, is expected to drive demand for jet fuel. Key market players in the jet fuel market include BP, PBF Energy, Repsol, Petrobras, TotalEnergies, Sinopec, Phillips 66, Valero Energy, HollyFrontier, Delek US Holdings, Neste, Marathon Petroleum, Chevron, Shell, and ExxonMobil. These companies are investing in research and development to improve the efficiency and sustainability of jet fuel, as well as to expand their global reach. Key drivers for this market are: Sustainable aviation fuel adoption Increased air travel demand Technological advancements in aircraft design Emerging markets growth Digitalization of operations. Potential restraints include: 1 Increasing air travel demand2 Rising fuel prices3 Environmental regulations4 Technological advancements5 Government incentives.

Graph and download economic data for Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast (WJFUELUSGULF) from 1990-04-06 to 2025-11-14 about kerosene, fuels, commodities, and USA.

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Aviation Fuel Market Size 2024-2028

The aviation fuel market size is valued to increase USD 109 billion, at a CAGR of 8.55% from 2023 to 2028. Increasing focus on clean aviation fuel will drive the aviation fuel market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% growth during the forecast period.
By End-user - Commercial segment was valued at USD 98.60 billion in 2022
By Product - ATF segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 84.82 billion
Market Future Opportunities: USD 109.00 billion
CAGR : 8.55%
APAC: Largest market in 2022

Market Summary

The market encompasses the production, distribution, and consumption of fuels utilized in aviation industry operations. Key entities in this market include core technologies, such as biofuels and synthetic fuels, and applications, including jet fuel and avgas. Service types or product categories consist of refining, blending, and distribution. Regulatory bodies, like the International Civil Aviation Organization (ICAO), play a significant role in shaping market dynamics through emissions regulations. Currently, the market is experiencing significant evolution. The increasing focus on clean aviation fuel, driven by environmental concerns and regulatory mandates, is a major trend. For instance, biojet fuel accounted for approximately 0.1% of the total jet fuel consumption in 2020, according to the Sustainable Aviation Fuel Users Group.
Another influential factor is the fluctuation in oil and gas prices, which impact the cost structure and profitability of aviation fuel producers. Despite challenges, opportunities for growth persist, particularly in emerging markets and the development of advanced fuel technologies.

What will be the Size of the Aviation Fuel Market during the forecast period?

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How is the Aviation Fuel Market Segmented and what are the key trends of market segmentation?

The aviation fuel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Commercial
  Military
  Private


Product

  ATF
  Aviation biofuel


Fuel Type

  Jet Fuel (Jet A, Jet A-1, Jet B)
  Aviation Gasoline (Avgas)


Platform

  Fixed-Wing
  Rotorcraft


End-use

  Commercial Airlines
  Cargo Airlines
  Business & General Aviation
  Military


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period.

The market is experiencing notable expansion due to the burgeoning commercial aircraft industry. Factors such as the rising number of air travelers and increasing disposable income are fueling this growth. In 2023, the commercial segment experienced a significant rebound following the pandemic, with global aviation traffic reaching 94.1% of pre-pandemic (2019) levels. This trend is attributed to the increasing demand for air travel, as evidenced by the traffic in December 2023, which reached 97% of pre-pandemic levels. Fuel distribution networks and storage tank management are crucial aspects of the market. Fuel companies focus on improving cetane number, engine combustion efficiency, and reducing emissions through the use of corrosion inhibitors, emissions reduction technologies, and fuel tanker operations.

The hydrocarbon composition, fuel density measurement, and energy density analysis are essential factors in ensuring optimal fuel performance. Regulations play a significant role in the market, with stringent requirements for fuel quality control, spill prevention measures, and flight efficiency optimization. Fuel blending processes, vapor pressure limits, and jet fuel performance are closely monitored to maintain safety and efficiency. The industry also focuses on reducing carbon footprint through the use of sustainable aviation fuel, nitrogen oxide emissions reduction, and greenhouse gas emissions mitigation. Synthetic fuel synthesis and lubricity enhancement are emerging trends in the market. These advancements aim to improve fuel efficiency and reduce environmental impact.

The market also prioritizes fuel handling safety, with a focus on anti-icing additives and aircraft fuel systems. Pipeline transportation and aviation fuel additives are essential components of the market's infrastructure. In the future, the market is expected to continue its growth trajectory,

The Jet fuel Market will grow from USD 174.20 Billion in 2025 to USD 282.48 Billion by 2031 at a 8.39% CAGR.

View market daily updates and historical trends for US Gulf Coast Kerosene-Type Jet Fuel Spot Price. Source: Energy Information Administration. Track econ…

Fuel costs are a significant but highly variable expense for airlines worldwide, specifically in recent years due to rising energy prices. As of 2024, the share of fuel cost in overall airline companies' spending was estimated to reach ** percent.

Global Renewable Aviation Fuel Market Report Covers Renewable Jet Fuel Companies and is Segmented by Technology (Fischer-Tropsch (FT), Hydroprocessed Esters and Fatty Acids (HEFA), Synthesized Iso-Paraffinic (SIP), and Alcohol-to-Jet (AtJ)), Application (Commercial and Defense), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global aviation fuel market attained jet fuel of 230.48 Million Tons in 2024. The market is further expected to grow at a CAGR of 7.20% during the forecast period of 2025-2034 to attain jet fuel of 461.94 Million Tons by 2034.

According to Cognitive Market Research, the global Aviation Fuel market size is USD 251484.20 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 100593.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 75445.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 57841.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 12574.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5029.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
The Jet A held the highest Aviation Fuel market revenue share in 2024.

Market Dynamics of Aviation Fuel Market

Key Drivers

Aviation Fuel Market Soars with Growing Passenger and cargo volumes

Increasing air passenger traffic is a key driver of the aviation fuel market, propelling demand for jet fuel. As more individuals opt for air travel for business, leisure, and personal reasons, airlines expand their operations, resulting in heightened consumption of aviation fuel. This surge in passenger numbers, particularly in regions experiencing economic growth and improved connectivity, directly correlates with the need for more flights and fuel. Airlines must continually replenish their fuel supplies to accommodate the growing number of flights, emphasizing the vital role of aviation fuel in facilitating the global aviation industry's expansion. Consequently, the continuous growth in air passenger traffic acts as a significant catalyst for the sustained demand and market growth within the aviation fuel sector.

Growing Fleet Size is driving the Aviation Fuel Market

The expanding fleet size within the aviation industry is a significant driver of the aviation fuel market. As airlines invest in acquiring new aircraft to meet the increasing demand for air travel, there is a corresponding rise in the consumption of aviation fuel. Although newer aircraft models tend to be more fuel-efficient, the overall growth in fleet size amplifies the demand for fuel across the industry. This demand extends beyond just passenger airlines to include cargo carriers and other aviation operators. The continuous expansion of fleets necessitates a steady and substantial supply of aviation fuel to support their operations, underlining the critical role of fuel in sustaining the growth and efficiency of the aviation sector. Therefore, the growing fleet size acts as a primary catalyst for driving the demand and market dynamics within the aviation fuel industry.

Key Restraint

High Capital Costs for Fuel-Efficient Aircraft

High capital costs for fuel-efficient aircraft serve as a significant restraint factor in the aviation fuel market. While fuel-efficient aircraft offer long-term savings through reduced fuel consumption, their initial purchase cost is considerably higher than less efficient models. Airlines, particularly those facing financial constraints or operating in highly competitive markets, may hesitate to invest in these advanced aircraft due to the substantial upfront expenditure. Consequently, the adoption rate of fuel-efficient aircraft may be slower than desired, limiting the overall impact on fuel consumption and emissions reduction. This restraint hinders the aviation industry's ability to transition to more sustainable and efficient fuel consumption practices, delaying progress towards environmental goals and perpetuating reliance on traditional, less eco-friendly aircraft models. Overcoming the barrier of high capital costs is essential to accelerating the adoption of fuel-efficient technology and driving positive change within the aviation fuel market.

Impact of Covid-19 on the Aviation Fuel Market

The COVID-19 pandemic has had a profound and unprecedented impact on the aviation fuel market. Travel restrictions, border c...

According to Cognitive Market Research, the global Commercial Aircraft Aviation Fuel market size will be USD XX million in 2023. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2023 to 2030.

The demand for Commercial Aircraft Aviation Fuel is rising due to increasing focus on reducing carbon emissions.
Demand for air turbine fuel remains higher in the Commercial aircraft aviation fuel market.
The passenger aircraft category held the highest Commercial Aircraft Aviation Fuel market revenue share in 2023.
North American Commercial Aircraft Aviation Fuel will continue to lead, whereas the European Commercial Aircraft Aviation Fuel market will experience the most substantial growth until 2030.

Expansion of the Tourism Industry to Provide Viable Market Output

The expansion of tourism is influencing the market's growth. The surge in global tourism has led to a rise in air travel demand, subsequently driving the need for aviation fuel. As more people explore diverse destinations, airlines are compelled to increase their fleets and flights, increasing fuel consumption. Additionally, emerging economies witnessing a boost in tourism further amplify this trend. The expansion of the tourism sector acts as a key driver, stimulating investments and innovations in aviation fuel technology to meet the escalating requirements of the growing commercial airline industry.

For instance, According to the World Tourism Organization, a specialized agency of the United Nations (UN), tourist arrivals in Maldives in January 2021 stood at 92,103. This count rose to 99,397 by 3rd February 2021. The growing count of tourists is creating promising scope for the aviation industry.

Source-www.unwto.org/maldives-tourism-looking-up-after-reopening

Increased Development of Jet-a-fuels to Propel Market Growth

The development of jet-a-fuels has significantly impacted the Commercial aircraft aviation fuel market. Jet-A fuels are undergoing advancements to enhance fuel efficiency, reduce carbon emissions, and comply with stringent environmental regulations. These innovations focus on improving the energy density of fuels, exploring alternative and renewable sources, and optimizing combustion processes. The rise in demand for cleaner and more sustainable aviation fuels, coupled with a global emphasis on reducing the environmental impact of air travel, is compelling the industry to invest in research and development, thereby fostering the evolution of Jet-A fuels for a more eco-friendly aviation future.

For instance, in June 2021, researchers at Washington State University developed a process for turning waste plastics into sustainable jet-A fuel. If the process is refined and applied on a large scale, the procedure is expected to address major environmental problems, including greenhouse gas emissions and plastic pollution.

Source-news.wsu.edu/press-release/2021/05/17/new-technology-converts-waste-plastics-jet-fuel-hour/

Market Dynamics of the Commercial Aircraft Aviation Fuel Market

Fluctuation in Oil Prices to Restrict Market Growth

The fluctuation in oil prices hinders the growth of the market. The industry is highly sensitive to changes in crude oil prices, affecting the overall operational costs for airlines. Frequent spikes in oil prices can lead to increased expenses for fuel, impacting profit margins and necessitating adjustments in ticket prices. Conversely, a decline in oil prices may provide temporary relief but can disrupt long-term planning and investments in fuel-efficient technologies. The unpredictable nature of oil price fluctuations introduces financial uncertainties, making it challenging for airlines to budget effectively and potentially hindering the adoption of sustainable aviation fuel alternatives.

Impact of COVID–19 on the Commercial Aircraft Aviation Fuel market

The COVID-19 pandemic significantly affected the Commercial Aircraft Aviation Fuel market. The unprecedented decline in air travel demand led to reduced flight operations, impacting the aviation fuel sector. Airlines faced financial challenges, resulting in fleet groundings and delayed deliveries of new aircraft. It led to a surplus of aviation fuel, causing a price drop. Governments implemented travel restrictions and lockdowns, further exacerbating the industry's woes. As the world strives for recovery, the aviation fuel market is gradually rebounding, but uncertainties ...

The Military Jet Fuel Market Report is Segmented by Fuel Type (air Turbine Fuel and Renewable Aviation Fuel) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Size and Forecasts are Provided in Terms of Revenue (USD) for all the Above Segments.

The global jet fuel market is projected to reach a valuation of approximately USD 300 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.

Waste-to-Jet Fuel Market Outlook

According to our latest research, the waste-to-jet fuel market size has reached USD 1.7 billion in 2024, reflecting a robust industry expansion driven by increasing demand for sustainable aviation fuels. The market is expected to grow at a CAGR of 18.2% from 2025 to 2033, reaching a forecasted value of USD 8.6 billion by 2033. This remarkable growth trajectory is propelled by stringent environmental regulations, rising airline commitments to carbon-neutral operations, and technological advancements in waste conversion processes.

One of the primary growth factors for the waste-to-jet fuel market is the global aviation sector’s urgent push to decarbonize operations. Airlines and regulatory bodies are under mounting pressure to reduce greenhouse gas emissions, with the International Air Transport Association (IATA) and other organizations setting ambitious targets for net-zero emissions by 2050. Waste-to-jet fuel, also known as sustainable aviation fuel (SAF) derived from waste, offers a viable pathway to achieve these goals. Its ability to significantly reduce lifecycle carbon emissions compared to conventional jet fuels is a key driver, making it an attractive alternative for both commercial and military aviation sectors. Furthermore, the increasing frequency of international flights and the recovery of air travel post-pandemic have amplified the demand for sustainable fuel alternatives, thus bolstering market growth.

Another significant factor contributing to the expansion of the waste-to-jet fuel market is the advancement and commercialization of conversion technologies. Innovations in thermochemical, biochemical, and hybrid processes have greatly improved the efficiency and scalability of converting various waste streams into jet fuel. These advancements have enabled the utilization of diverse feedstocks, including municipal solid waste, agricultural residues, and industrial by-products, which are abundantly available and often underutilized. The integration of circular economy principles, where waste is repurposed into high-value products, is also gaining traction, supported by favorable government policies and financial incentives. These factors collectively foster a favorable environment for investment and innovation in the waste-to-jet fuel industry.

Financial incentives and regulatory frameworks are also playing a pivotal role in accelerating market growth. Governments across North America, Europe, and Asia Pacific are introducing mandates, subsidies, and tax credits to encourage the adoption of sustainable aviation fuels. For example, the European Union’s “Fit for 55” package and the United States’ SAF Grand Challenge are catalyzing investments in production infrastructure and research. These policies not only help bridge the price gap between conventional and sustainable jet fuels but also provide long-term market security for producers and investors. The growing alignment of stakeholders—from feedstock suppliers to fuel producers and end-users—further strengthens the industry’s growth prospects over the forecast period.

From a regional perspective, North America and Europe are currently leading the waste-to-jet fuel market, accounting for a significant share of global production and consumption. However, the Asia Pacific region is emerging as a lucrative growth frontier, driven by rapid urbanization, increasing waste generation, and expanding aviation sectors in countries like China, India, and Japan. Latin America and the Middle East & Africa are also witnessing gradual adoption, supported by growing awareness of environmental sustainability and government-led initiatives. Regional disparities in feedstock availability, regulatory support, and technological readiness will continue to shape the competitive landscape and growth dynamics of the market.

Technology Analysis

The waste-to-jet fuel market is segmented by technology into thermochemical, biochemical, and hybrid processes, each offering unique advantages and challenges. Thermochemical processes, such as gasi

Discover the booming aircraft jet fuel market, projected to surpass $220 billion by 2033. This in-depth analysis explores market size, CAGR, key players (ExxonMobil, Shell, Neste Oil), emerging SAF technologies, and regional trends impacting jet fuel consumption. Learn about growth drivers, restraints, and future forecasts.