The Jet Fuel Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Jet Fuel Market?
The market size of the jet fuel industry has seen substantial expansion in the past few years. The market valued at $204.34 billion in 2024 is projected to increase to $214.57 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Jet Fuel Industry?
The jet fuel market is predicted to grow to a value of $261.14 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.0%.
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What are the Key Growth Drivers Fueling the Jet Fuel Market?
The key drivers in the jet fuel market are:
• Transition to sustainable aviation fuel (SAF)
• The evolution of aviation industry regulations
• Influence of geopolitical oil dynamics
• Research and advances in electric aviation and carbon neutrality commitments
Global Market Segmentation: Identifying Major Jet Fuel Industry Segments
The jet fuel market covered in this report is segmented –
1) By Fuel Type: Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel-Biofuel, Power-To-Liquid, Gas-To-Liquid
2) By Fuel Grade: Jet A, Jet A1, Jet B, TS-1
3) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle
4) By Application: Commercial, Defense, General Aviation, Private
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What are the Emerging Trends Shaping the Future of the Jet Fuel Market?
The key trends in the jet fuel market are:
• The transition to sustainable aviation fuel (SAF) is a major trend in the market.
• The evolving aviation industry regulations are shaping the jet fuel market future.
• Geopolitical implications on oil are influencing the direction of the market.
• The research into electric aviation is a growing trend in the industry.
Who Are the Top Competitors & Leading Players in the Jet Fuel Market?
Major companies in the jet fuel market are:
• Exxon Mobil Corporation
• BP plc
• Chevron Corporation
• Valero Energy Corporation
• Shell plc
• TotalEnergies SE
• Gazprom Neft PJSC
• Indian Oil Corporation
• Bharat Petroleum Corp. Ltd.
• Honeywell International Inc.
• World Fuel Service Corp.
• Neste Oyj
• World Energy LLC
• Rosneft Deutschland GmbH
• China Aviation Oil Corporation Ltd.
• Qatar Jet Fuel Company
• Allied Aviation Services Inc.
• Sinopec Corp.
• Oman Oil Company SAOC
• Marathon Petroleum Corporation
• Hess Corporation
• National Refinery Limited
• CNOOC Limited
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the jet fuel market in 2024
