Aviation fuel Market worth $325.98 billion by 2030 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Jan. 22, 2025 /PRNewswire/ -- The Aviation fuel Marketis estimated in terms of market size to be USD 200.21 billion in 2024 to USD 325.98 billion by 2030, at a CAGR of 8.5% and in terms of volume to be 86.20 billion gallons in 2024 to 132.80 billion gallons by 2030 at a CAGR of 7.5%t during the forecast period according to a new report by MarketsandMarkets™. Aviation fuel manufacturers focus on developing high quality fuels that enhance the aircrafts performance and reduce operational costs associated with air travel. Increasing focus on reducing aviations emissions impact on environment have increased the investment in sustainable aviation fuels. Aviation fuel manufacturers play a pivotal role in providing efficient and environmentally responsible fuel to the global aviation industry. Advancements and availability of various fuel producing techniques is also contributing to the aviation fuel market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231148230

Browse in-depth TOC on "Aviation fuel Market" 
350 – Tables
60 – Figures
600 – Pages

Aviation fuel Market Report Scope:

By Aircraft Type, Unmanned Aerial Vehicle (UAV) segment for the aviation fuel market is projected to grow at highest market share during the forecast period.

Unmanned Aerial Vehicle (UAV) segment by aircraft type is projected to grow at highest market share due to growing demand for use in defense sector for activities like ISR and tactical operations. Technological development further propels the Unmanned Aerial Vehicle (UAV) market, especially the propulsion system and alternative fuels. Innovations with hybrid-electric and hydrogen power and integration with SAFs address both concerns around the efficiency of operationalization and environment. Regulatory policies promoting Unmanned Aerial Vehicle (UAV) inclusion into controlled airspace along with research and development promoted by the governments help expand this market. As the demand for Unmanned Aerial Vehicle (UAV) grows across various sectors, the segment is going to drive significant changes in the aviation fuel market and, therefore, will be one of the key contributors to the evolution of the industry during the forecast period.

Based on fuel type, the Sustainable Aviation Fuel (SAF) segment will be dominating the market acting as an ideal form of aviation fuel.

The Sustainable Aviation Fuel (SAF) segment will be dominating the market acting as an ideal form of aviation fuel in terms of environmental concerns. SAF has the ability to reduce greenhouse gas emissions by 80% which helps the global aviation sector to align with the aim of achieving net-zero emissions. Also, airlines are increasingly incorporating SAF to meet regulatory requirements, thereby contributing to the growing demand for Saf aviation fuel.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=231148230

Asia Pacific holds the second highest market share in the regions considered for the aviation fuel market.

Asia Pacific is projected to hold the second highest market share in the regions considered for aviation fuel market in the forecast period. Increasing air travel demands in the region both for domestic and international is fuelling the demand for aviation fuel in the region. Also, Governments and aviation sector in the region is actively investing in the production of SAF innovations. The key hubs in Singapore continue to dominate as the global transit points, while in emerging markets, there is rapid construction of airports and expansion of fleets to take care of more passenger traffic. This growth directly correlates with higher consumption of aviation fuel thereby increasing the Asia Pacific region market share.

Key Players

Key Players in Aviation Fuel companies such as Exxon Mobil Corporation (US), Chevron Corporation (US), BP P.L.C. (U.K.), Shell (U.K.), and TotalEnergies (France) are the major key players in the aviation fuel market. These companies have strong distribution networks across regions like North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231148230

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel Cell, Power to Liquid, Gas to Liquid), Biofuel Manufacturing Technology, Blending Capacity (Below 30%, 30% to 50%, Above 50%), Platform and Region - Global Forecast to 2030

Urban Air Mobility Market by Mobility Type (Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Shuttles & Metros), Solution (Platform, Charging, Vertiport), Platform Architecture (Multicopters, Lift + Cruise), Range & Region – Global Forecast to 2035

Hydrogen Aircraft Market by Power Source (Hydrogen Combustion, Hydrogen Fuel Cell), Platform (Unmanned Aerial Vehicles, Air Taxis, and Business Jets), Range, Passenger Capacity, Technology, and Region (2020-2030)

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aviation-fuel-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/aviation-fuel.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/aviation-fuel-market-worth-325-98-billion-by-2030---exclusive-report-by-marketsandmarkets-302357004.html

SOURCE MarketsandMarkets