Military Jet Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Military Jet Fuel Consumption and the market is segmented by fuel type (air turbine fuel and renewable aviation fuel) and geography (North America, Europe, Asia-Pacific, and the rest of the world). The market size and forecasts are provided in terms of revenue (USD) for all the above segments.

Military Jet Fuel Market Size

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Military Jet Fuel Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 3.84 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Military Jet Fuel Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Military Jet Fuel Market Analysis

The Military jet fuel market is estimated to reach USD 10.07 billion by the end of this year and is projected to reach USD 12.15 billion by 2028. The market is projected to register a CAGR of over 3.84% during the forecast period.

  • Over the medium term, factors such as the growing expenditure in the defense sector as the security threats intensified, requiring governments worldwide to continue increasing their defense budgets, in turn, are expected to drive the military jet fuel market.
  • On the other hand, the high costs associated with jet fuel and renewable fuel are expected to hinder the growth of the military jet fuel market.
  • Nevertheless, the military sector seeks to improve the environmental performance of its aircraft fleets and reduce environmental emissions. Biofuels are considered a way to maintain secure fuel sources and reduce cost volatility, creating several opportunities for market study.
  • Asia-Pacific is expected to be the largest and fastest-growing region during the forecast period, bolstered by the highest defense sector budget and the largest fleet of air force and navy planes, mainly in China and India.

Military Jet Fuel Market Trends

Renewable Aviation Fuel to be the Fastest Growing Market

  • Renewable Aviation Fuel (RAF), often called Sustainable Aviation Fuel (SAF), is a clean substitute for fossil jet fuels. SAF is produced from sustainable resources, such as waste oils from a biological origin, agriculture residues, or non-fossil CO2. RAF is a drop-in fuel, which means that it can be blended with fossil jet fuel and that the blended fuel requires no special infrastructure or equipment changes. The first flight, which used blended biofuel, began in 2008, and over 370,000 flights have taken to the skies using RAF since 2016.
  • The aviation industry is one of the world's biggest carbon emitters, and this carbon emitted at higher altitudes is potentially more harmful than sea level emissions. The industry is constantly trying to reduce its emissions, and advanced biofuels are a viable option that is a 'drop-in' solution, i.e., it can be used by the existing infrastructure.
  • Governments across the globe are implementing aviation rules and policies to reduce their carbon footprint. For instance, flights entering the European Union must pay for CO2 emissions due to the EU Emission Trading System (ETS) since 2012. Sustainable aviation fuels are currently being discussed as an important way to reduce aviation's greenhouse gas emissions.
  • Under the Defense Protection Act 2014, the United States Department of Energy (DOE) co-funded the construction of three integrated bio-refineries with the capacity to produce hydrocarbon fuels that meet military specifications for JP-5 (jet fuel used primarily by the United States Navy), JP-8 (jet fuel used mostly by the US Air Force), or F-76 (diesel).
  • Renewable fuel production is getting support from many federal agencies, including the United States DOE and the Federal Aviation Administration, for large-scale commercialization.
  • Further, companies, such as Honeywell, employed the renewable jet fuel process technology for the United States Navy and Air Force as part of a joint program for the United States Defense Energy Support Center (DESC) for alternative fuel testing and certification.
  • In December 2021, Aemetis signed an agreement to purchase a 125-acre land from a former United States Army Facility to produce 90 million gallons per year of sustainable aviation fuel, renewable diesel, and other byproducts. The plant is expected to supply the US military trucks and air force with ultra-low carbon renewable fuels to reduce greenhouse gas (GHG) emissions and other pollutants associated with conventional petroleum-based fuels. Thus, such initiatives are likely to increase demand for sustainable aviation fuel in the military sector during the forecast period.
  • According to Global Firepower, aircraft fleet strength by country, several countries own a large fleet of aircraft. For instance, the United States owns around 13,300 airplanes, while Russia, China, and India own 4,182, 3,166, and 2,210 planes, respectively.
  • With extensive fighter aircraft fleets, numerous older generation aircraft reach the end of their operational lights leading to an increased demand for upgrading and modernization of these aging aircraft each year.
  • Consequently, this drive for upgrades and modernization results in a higher need for jet fuel as these enhancements effectively extend the operational life span of the fighter aircraft.
  • Hence, such increasing development in the aviation fuel sector and the need to cut carbon emissions are expected to drive the renewable aviation fuel market in the defense sector during the forecast period.
Military Jet Fuel Market: Total Combat Aircraft in Major Countries, in Units, Select Countries, As of June 2022

Asia-Pacific to Dominate the Market

  • The Asia-Pacific region is the largest consumer of jet fuel, consisting of several massive consumers, such as China, India, Japan, South Korea, and Australia. These countries also lead in terms of jet fuel consumption in military consumption. As the region with the largest population globally, Asia-Pacific has several unresolved and frozen conflicts spread across sensitive hotspots, which can become the focal point of large conflicts.
  • The tensions in the region have been further flared by China's rising military prowess and aggression toward its neighbors, especially in the maritime South China Sea region. Hence, countries in the region have become wary of each other's intentions, and to protect their interests, the countries have been investing heavily in the modernization and expansion of their armed forces, including military aircraft. Such factors are expected to drive military expenditure, which is expected to expand the size of aircraft fleets, driving jet fuel consumption during the forecast period.
  • China is the largest energy consumer and one of the largest producers and consumers of jet fuel globally. The country has one of the largest aircraft fleets. According to the World Directory of Modern Military Aircraft (WDMMA), as of 2023, the cumulative number of Chinese military aircraft stands at nearly 3,377 units, with the Chinese Air Force consisting of 2,084 units, the Army Air Force at 857 units, and the Naval Air Force at 436 units.
  • Furthermore, India is the world's largest democracy, and similar to China, it has one of the largest air forces in the world. According to WDMMA - World Directory of Modern Military Aircraft, as of 2022, India had nearly 1645 aircraft in the Indian air force, 232 flights in the naval aviation force, and over 195 aircraft in the army air force. The country faces a severe security threat from its neighbors in China and Pakistan. It has had to invest in better military technology to ensure its competitiveness as an elite fighting force.
  • India has been actively pursuing efforts to expand and modernize its military aircraft fleet to bolster its defense capabilities and maintain regional security. As a significant player in the Asia-Pacific region, India recognizes the importance of a robust and advanced air force to safeguard its territorial integrity and respond effectively to emerging security challenges. The aging fleet of India's Russian-made platforms, Moscow's inability to perform maintenance work, and delays in India's indigenous manufacturing plans for parallel platforms have necessitated new defense deals
  • One of the notable endeavors is the induction of new and advanced aircraft models. The Indian Air Force (IAF) has been acquiring platforms, such as the Rafale multi-role fighter jets from France, which offer enhanced operational capabilities and firepower. The induction of these aircraft marks a significant step toward modernization.
  • For instance, in July 2023, the Defense Ministry of India granted preliminary approval to acquire 26 Rafale fighter jets intended for the Indian Navy. The proposed deal encompasses the purchase of 26 Dassault Aviation Rafale fighter jets, which includes four trainer aircraft to enhance operational capabilities.
  • Therefore, owing to the above factors, Asia-Pacifc and in particular the China and India, are expected to be the largest market during the forecast period.
Military Jet Fuel Market: Growth Rate by Region, 2023-2028

Military Jet Fuel Industry Overview

The military jet fuel market is moderately consolidated. Some of the key players (in no particular order) include Shell PLC, BP PLC, Honeywell International Inc., Repsol SA, and GS Caltex Corporation., among others.

Military Jet Fuel Market Leaders

  1. BP PLC

  2. Honeywell International Inc

  3. Repsol SA

  4. GS Caltex Corporation

  5. Shell PLC

*Disclaimer: Major Players sorted in no particular order

Military Jet Fuel Market Concentration
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Military Jet Fuel Market News

  • July 2023: Viva Energy Refining Pty Ltd (Viva Energy) secured a contract with the Department of Defense to supply aviation, marine, and ground fuel to the Australian Defense Force (ADF). The Fuel Supply Contract is for an initial six-year term which may be extended to 12 years. As part of the deal and an essential Australian Industry Capability activity, Viva Energy is expected to resume production at Geelong Refinery of F-44 (Avcat) or JP-5, a military specification aviation turbine fuel used on aircraft carriers.
  • March 2023: The Jet fuel supply for Myanmar's armed forces was affected by the latest sanctions imposed by the United States on the country's military regime and crony businesses. The United States Treasury Department imposed sanctions on two people and six entities connected to Myanmar's military, who had enabled the regime's continuing atrocities. Three sanctioned entities work in Myanmar's defense sector, specifically importing, storing, and distributing aviation fuel for the country's armed forces.

Military Jet Fuel Market Report - 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 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

        1. Modernization and Upgrades of Existing Military Aircraft Fleets

        2. Increasing Defense Budgets

      2. 4.5.2 Restraints

        1. Shift Toward Unmanned Aircraft

    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 Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Fuel Type

      1. 5.1.1 Air Turbine Fuel

      2. 5.1.2 Renewable Avaition Fuel

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Russia

        6. Rest of North America

      3. 5.2.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. Saudi Arabia

        2. United Arab Emirates

        3. South Africa

        4. Algeria


    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 Shell PLC

      2. 6.3.2 BP PLC

      3. 6.3.3 Honeywell International Inc.

      4. 6.3.4 Repsol SA

      5. 6.3.5 GS Caltex Corporation

      6. 6.3.6 Chevron Corporation

      7. 6.3.7 Totalenergies SE

      8. 6.3.8 Exxonmobil Corporation

    4. *List Not Exhaustive

    1. 7.1 Technological Advancements in Jet Fuel Technology

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Military Jet Fuel Industry Segmentation

Jet fuel, or aviation fuel, is a type of highly volatile fuel used in aircraft gas turbine engines. The airline and defense industries are the world's largest consumers of jet fuel.

The military jet fuel market is segmented by fuel type and geography. By fuel type, the market is segmented into air turbine fuel and renewable aviation fuel. The report also covers the size and forecasts of the military jet fuel market across the regions. For each segment, market sizing and forecasts have been done based on revenue (USD).

Fuel Type
Air Turbine Fuel
Renewable Avaition Fuel
North America
United States
Rest of North America
United Kingdom
Rest of North America
South Korea
Rest of Asia-Pacific
Rest of the World
Saudi Arabia
United Arab Emirates
South Africa
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Military Jet Fuel Market Research FAQs

The Military Jet Fuel Market is projected to register a CAGR of 3.84% during the forecast period (2024-2029)

BP PLC, Honeywell International Inc, Repsol SA, GS Caltex Corporation and Shell PLC are the major companies operating in the Military Jet Fuel Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Military Jet Fuel Market.

The report covers the Military Jet Fuel Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Military Jet Fuel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Military Fighter Jet Fuel Industry Report

Statistics for the 2024 Military Fighter Jet Fuel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Fighter Jet Fuel analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Military Jet Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)