Commercial Aircraft Aviation Fuel Market Size (2024 - 2029)

Commercial Aircraft Aviation Fuel Market Analysis

During the time frame of the forecast, the market for aviation fuel for commercial aircraft is expected to register a CAGR of about 20.86%.

The commercial aviation fuel market was adversely affected by COVID-19 due to regional lockdowns. However, the market rebounded in 2021.

• Scheduled and non-scheduled aircraft are a part of commercial aviation. These planes carry people or goods for a fee.During the next few years, the market is likely to be driven by things like the growing number of air travelers and aircraft fleets around the world.
• However, the high cost of aviation fuel is expected to restrain market growth.
• Concerns about emissions from the airline industry are growing, and governments in developed economies are taking steps to reduce airline emissions. In the coming years, this is likely to create a lot of opportunities for commercial aircraft aviation fuel.
• Asia-Pacific is expected to be the fastest-growing market during the forecast period, with the majority of the demand coming from countries like China, India, Japan, etc.

Commercial Aircraft Aviation Fuel Industry Segmentation

Aviation fuels are petroleum-based fuels or mixtures of petroleum and synthetic fuels that are used to power airplanes. They have to follow stricter rules than fuels used for stationary purposes, like heating and driving, and they have additives that improve or keep important fuel management or performance characteristics. By fuel type and geography, the commercial aviation fuel market is segmented. By fuel type, the market is segmented into air turbine fuel, aviation biofuel, and others. The report also covers the market size and forecasts for the commercial aircraft aviation fuels market across the major regions. For each segment, market sizing and forecasts have been done based on revenue (USD billion).