Global Aviation Gasoline market share 2024, Forecast To 2033

The aviation gasoline market size has experienced steady growth in recent years, climbing from $1.89 billion in 2023 to$1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period is attributed to the post-war civilian aviation surge, the rise of commercial aviation, establishment of aviation regulations, advancements in aircraft, and the demand spurred by World War I and II. The market is expected to continue its steady growth trajectory, reaching $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. Anticipated growth in the forecast period is fueled by the emergence of electric aviation, innovations in fuel efficiency, global economic expansion, regulatory shifts and emissions standards, and the transition towards alternative fuels. Major trends expected in the forecast period include biodegradable fuel, shifts in aircraft fleet composition, evolving regulatory standards, product innovations, and the transition to sustainable fuels.