Global Jet Fuel Market
Oil And Gas

Insights Into The Jet Fuel Market’s Growth Opportunities Through 2023-2032 – Includes Jet Fuel Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


The increase in passenger traffic is likely to stimulate innovation in jet fuel manufacture, propelling the market throughout the forecast period.


The global jet fuel market is expected to grow from $186.30 billion in 2022 to $195.98 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The global jet fuel market size is expected to reach $236.15 billion in 2027 at a CAGR of 4.8%.


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 Global Jet Fuel Market Segments Include:

  • By Fuel Type: Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel-Biofuel, Power-To-Liquid, Gas-To-Liquid
  • By Fuel Grade: Jet A, Jet A1, Jet B, TS-1
  • By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle
  • By Application: Commercial, Defense, General Aviation, Private
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global jet fuel market in 2021.


Major Market Players in the jet fuel market include Exxon Mobil Corporation, BP Plc., Chevron Corporation, Valero Marketing and Supply, Shell Plc., TotalEnergies SE, Gazprom Neft PJSC, Indian Oil Corporation, Bharat Petroleum Corp Ltd.


Technological developments are a crucial trend that will gain popularity in the jet fuel market in the future. Major players in the jet fuel industry are creating innovative technologies to increase their market position. Honeywell Aerospace, a US-based manufacturer of aircraft engines, avionics, and other aviation technologies, for example, introduced a new innovative ethanol-to-jet fuel (ETJ) processing technology in October 2022, allowing producers to produce a sustainable aviation fuel (SAF) by converting corn-based cellulosic and sugar-based ethanol. This method provides a low-cost way to reduce ethanol-related greenhouse gas emissions. Honeywell’s ethanol-jet fuel reduces greenhouse gas emissions by 80% when compared to standard petroleum fuel.


The Jet Fuel Global Market Report 2023  provides a jet fuel market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The jet fuel market forecast analyzes jet fuel market size, jet fuel market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Jet fuel is one of the most essential petroleum products made from crude oil and refined at refineries. Jet fuel is mostly used in the transportation industry. Jet fuel, in particular, is utilised in aircraft. The same low-quality jet fuel is offered as paraffin for non-aviation purposes.


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