What is the aviation fuel market size?
According to 6Wresearch internal database and industry insights, aviation fuel market was valued at approximately USD 247.5 billion in 2024 and is projected to surpass a valuation of USD 310.8 billion by 2031.
This growth is driven to rising global air passenger traffic, expansion of commercial aircraft fleets and increased emphasis on sustainable fuel alternatives. In addition, supportive government policies and investments in modernizing aviation infrastructure further boost the market outlook.
Key Growth Factors
- Increase in global air travel demand and fleet modernization
- Rising adoption of sustainable aviation fuels (SAFs)
- Strong growth of low-cost carriers and regional airlines
- Government initiatives for aviation sector recovery
- Investments in next-generation fuel-efficient aircraft
- Expansion of air cargo transportation and e-commerce logistics
Market Trends
The aviation fuel market is anticipated to grow steadily between 2025–2031. The market trends will be driven by the industry’s transition towards cleaner fuels, growing SAF production capacity and technological advancements in engine efficiency. Additionally, regions such as Asia-Pacific and the Middle East are likely to witness notable growth due to robust infrastructure developments and rising disposable incomes fueling air travel demand.
Major Companies
- Exxon Mobil Corporation
- Royal Dutch Shell PLC
- BP PLC
- Chevron Corporation
- TotalEnergies SE
Aviation fuel market size (2025-2031): FAQs
The market is mainly driven by a steady rise in air travel demand, expansion of airline fleets and government incentives supporting sustainable fuel use.
SAFs are gaining traction as airlines and regulators push to reduce carbon emissions and creating new growth opportunities for fuel producers.
Volatile crude oil prices, high costs of SAF production and stringent emission standards pose key challenges to market players.
Advances in fuel-efficient aircraft and digital fuel management systems are helping airlines reduce costs and optimize consumption.
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