Aviation Fuel Market Size and Forecast by Type, Application and Region 2025

fuel is expected to foster industry expansion in the upcoming years. In addition, rise in air traffic and
aircraft fleet in both commercial and military applications is predicted to spur the growth of aviation
fuel market over the forecast period. Growing air cargo transportation in size & volume is estimated
to offer several growth prospects to industry participants over the next seven years.
Rising freight traffic is the key market trend associated with aviation fuel industry, in the past few
years. Improved living standards coupled with rising per capita income, particularly in the BRICS
economies such as Brazil, Russia, India, China and South Africa are major contributing factors for
robust market growth. Increasing air passengers each years, diverging demographic outlooks, and
liberalization of aviation markets are predicted to stimulate industry expansion.
The market is broadly categorized into two major segments based on the application type such as
aviation turbine fuel and aviation biofuel. Aviation turbine fuel segment is growing rapidly in the
market with substantial revenue generation in the last few years. Growing demand for aviation
turbine fuel segment is attributed to the increasing use of gas-turbine engines to power aircrafts.
Aviation biofuel segment has also witnessed substantial growth due to the favorable government
initiatives to promote use of biofuels and rising cost of crude oils.
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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa.
North America has shown major growth in recent years owing to the rise in the implementation of
latest technologies in oil & gas sector, surge in number of research & development activities in the
region and existence of well-established industrial infrastructure. In European region, Germany,
France, and United Kingdom are projected to witness steady growth due to increasing adoption of
the bio-fuels and renewable fuels.
Asia-Pacific region is estimated to hold major share in the aviation fuel industry with massive growth
in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market
with rising number passengers, increasing airline fleets, improved living standards, rising disposable
income and significant investment by leading industry players considering potential growth
opportunities in the region.