Jet Fuel Market - Growth, Trends, and Forecast (2020 - 2025)

The Jet Fuel Market is segmented by Fuel Type (Jet A and Jet A-1, and Jet B), Application (Commercial, Defense, and General Aviation), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Denmark, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America), and Middle-East and Africa (Saudi Arabia, South Africa, and Rest of Middle-East and Africa)).

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:


Largest Market:

Asia Pacific


11 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for jet fuel is expected to register a CAGR of more than 11% during the forecast period of 2020 – 2025. 

  • Stronger economic growth is pushing air passenger traffic ahead of capacity growth in the recent past. Additionally, falling travel costs have been adding to the airline market growth over the past several years. Therefore, aircraft are being flown more intensively to meet the increasing demand. 
  • Factors, such as increasing air passenger traffic, increasing number of low-cost carriers (LCC) across the world, and increasing demand for air cargo transportation, are expected to drive the jet fuel market in the coming years. 
  • However, increasing penetration of sustainable aviation fuels (SAF), strict emission regulations and a positive trend in the piston engine aircraft deliveries is expected to increase the demand for aviation gasoline (AVGAS) are expected to have a slight impact on the jet fuel market in the coming years.
  • Commercial application accounts for the largest share in the jet fuel market, owing to the increasing number of air passengers and aircraft fleet across the world.
  • Increasing concerns over emissions from the airline industry and initiatives by the governments in developed economies to reduce airline emissions are expected to provide significant opportunities for renewable jet fuel in the future.
  • Asia-Pacific dominated the market across the world as the region witnessed increasing passenger traffic, especially from the emerging economies.

Scope of the Report

The jet fuel market report include:

Fuel Type
Jet A and Jet A1
Jet B
General Aviation
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Air Passenger Traffic across the World

  • The commercial segment accounts for the largest share in the jet fuel market. In 2018, around 4.3 billion passengers were carried by air transport on scheduled services, representing an increase of 6.9% over the previous year. The number of departures rose to approximately 38 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometers (RPKs), grew solidly at 6.7% and reached approximately 8.2 trillion RPKs performed in 2018.
  • Over half of the world’s 1.4 billion tourists who traveled across international borders in 2018 were transported by air.
  • The low-cost carriers (LCCs) consistently grew at a faster pace than the world average growth, and it's market share continued to increase, both in advanced and emerging economies. In 2018, the LCCs carried an estimated 1.3 billion passengers and accounted for approximately 31% of the world total scheduled passengers.
  • The increase in air travel demand outstripped the industry capacity expansion. In 2018, the total capacity offered by the world’s airlines, expressed in available seat-kilometers (ASKs), increased globally by around 6.0% over the previous year.
  • Therefore, factors, such as positive trend in the air passenger traffic and number of departures, are expected to boost the demand for jet fuel in the commercial application over the forecast period.

To understand key trends, Download Sample Report

Asia-Pacific to Dominate the Market

  • In terms of the domestic market, Asia-Pacific, one of the world’s largest domestic market with 42% of traffic share in 2018, continued to grow double-digitally at 10.4%, contributed by the strong demand in India and China, owing to their increasing GDP per capita and growing domestic air connectivity.
  • Routes to, from, and within Asia-Pacific are expected to witness an extra 2.35 billion annual passengers by 2037, for a total market size of 3.9 billion passengers. On a global level, the number of trips per person is expected to increase by 4-8% per year for many emerging countries but could be as high as 10-11% per year in the case of China and India.
  • China is expected to surpass the United States as the world’s largest aviation market (defined as traffic to, from, and within the country) in the mid-2020s. The re-balancing of the country’s economy toward consumption is expected to support strong passenger demand over the long term.
  • India is expected to take 3rd place after the United States, surpassing the UK around 2024. Indonesia is expected to be a standout performer—climbing from the world’s 10th largest aviation market in 2017 to the 4th largest by 2030.
  • Therefore, with the increasing air passenger and air freight traffic in the region especially from the emerging economies, such as India, Indonesia, and Thailand, the jet fuel market in Asia-Pacific is expected to witness huge growth over the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The jet fuel market is consolidated. Some of the major companies include BP PLC, Exxon Mobil Corporation, Royal Dutch Shell PLC, and Total SA.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Government Policies and Regulations

    4. 4.4 Recent Trends and Developments

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Fuel Type

      1. 5.1.1 Jet A and Jet A1

      2. 5.1.2 Jet B

    2. 5.2 Application

      1. 5.2.1 Commercial

      2. 5.2.2 Defense

      3. 5.2.3 General Aviation

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Denmark

        6. Italy

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Exxon Mobil Corporation

      2. 6.3.2 Qatar Jet Fuel Company

      3. 6.3.3 Bharat Petroleum Corp. Ltd

      4. 6.3.4 BP PLC

      5. 6.3.5 Chevron Corporation

      6. 6.3.6 Royal Dutch Shell PLC

      7. 6.3.7 Total SA

      8. 6.3.8 Allied Aviation Services Inc.

      9. 6.3.9 Valero Marketing and Supply

      10. 6.3.10 Gazprom Neft PJSC

  7. *List Not Exhaustive

** Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Related Reports