Report Description


Forecast Period


Market Size (2023)

USD 142.08 Billion

Market Size (2029)

USD 285.86 Billion

CAGR (2024-2029)


Fastest Growing Segment

Jet A1

Largest Market

North America


Market Overview

Global Jet fuel Market was valued at USD 142.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 12.19% through 2029.

The jet fuel market refers to the global economic system that encompasses the production, distribution, and consumption of aviation fuel specifically designed for use in jet engines. It is a vital component of the broader energy and transportation sectors, serving as the primary energy source for commercial and military aircraft. Jet fuel, typically derived from crude oil through refining processes, undergoes stringent quality standards to meet the specific requirements of aviation safety and efficiency.

This market is characterized by its sensitivity to geopolitical events, oil price fluctuations, and regulatory changes. Airlines, airports, fuel suppliers, and refineries constitute key stakeholders in this complex ecosystem. The demand for jet fuel is intricately linked to air travel, influenced by factors such as economic growth, global travel trends, and advancements in aircraft technology.

As governments worldwide focus on reducing carbon emissions, the jet fuel market is evolving to incorporate sustainable aviation fuels (SAFs) and adhere to stringent environmental regulations. The dynamics of the jet fuel market are shaped by a delicate interplay of economic, technological, regulatory, and environmental factors, making it a critical and continually evolving segment within the broader energy landscape.

Key Market Drivers

Air Travel Demand and Economic Growth:

The global jet fuel market is profoundly influenced by the level of air travel demand, which, in turn, is closely linked to economic growth. As economies expand, there is typically a concurrent rise in business and leisure travel, driving increased demand for air transport services. This surge in air travel, whether for business meetings, tourism, or other purposes, directly translates to a heightened consumption of jet fuel. Industry stakeholders closely monitor economic indicators, such as GDP growth rates and consumer spending patterns, to anticipate and respond to shifts in jet fuel demand. The interdependence between economic prosperity and air travel underscores the significance of economic conditions as a primary driver in the jet fuel market.

Geopolitical Factors and Supply Chain Disruptions:

The global jet fuel market is susceptible to geopolitical factors that can disrupt the intricate web of its supply chain. Political instability in major oil-producing regions, conflicts affecting oil transportation routes, or sanctions on key oil-exporting nations can lead to supply shortages and price volatility. Stakeholders in the jet fuel market must continually assess geopolitical risks, staying vigilant to potential disruptions and developing strategies to manage the impact of unforeseen events. The ability to navigate geopolitical complexities is crucial for ensuring the stability and resilience of the global jet fuel market.

Regulatory Changes and Environmental Concerns:

Environmental considerations and regulatory changes play a pivotal role in shaping the trajectory of the jet fuel market. With increasing global awareness of climate change, the aviation industry faces mounting pressure to adopt cleaner and more sustainable fuel alternatives. Governments worldwide are implementing stringent emissions reduction targets and offering incentives for the adoption of biofuels in aviation. These regulatory changes not only impact the demand for traditional jet fuel but also drive innovation in alternative, more eco-friendly fuel sources. Stakeholders in the jet fuel market must proactively adapt to evolving environmental policies, positioning themselves to thrive in an industry that is increasingly focused on sustainability.

Technological Advancements in Aircraft and Fuel Efficiency:

Continuous advancements in aircraft technology and fuel efficiency are instrumental drivers shaping the global jet fuel market. Aircraft manufacturers are consistently developing more fuel-efficient planes, driven by both economic considerations and environmental pressures. Fuel-efficient aircraft require less fuel per passenger-mile, reducing overall jet fuel consumption. Additionally, innovations in engine design and aerodynamics contribute to enhanced fuel efficiency. Stakeholders in the jet fuel market need to stay abreast of these technological developments, as they not only influence the demand for jet fuel but also present opportunities for greater operational efficiency and cost savings.

Government Policies are Likely to Propel the Market

Emission Reduction Targets and Carbon Pricing:

Governments worldwide are increasingly recognizing the urgency of addressing climate change, and the aviation industry, a significant contributor to greenhouse gas emissions, is under scrutiny. Emission reduction targets and carbon pricing policies are pivotal tools in this effort. Governments set ambitious goals to reduce carbon emissions, imposing stringent regulations on the aviation sector. Airlines are compelled to adopt cleaner technologies and more sustainable practices to meet these targets.

Carbon pricing mechanisms, such as cap-and-trade systems and carbon taxes, add an economic dimension to emissions reduction. By putting a price on carbon, governments create a financial incentive for airlines to invest in fuel-efficient aircraft and sustainable aviation fuels (SAFs). The impact on the jet fuel market is twofold. First, airlines are motivated to optimize their operations for fuel efficiency, indirectly reducing their reliance on traditional jet fuel. Second, the demand for SAFs rises as airlines seek ways to offset their carbon footprint. This not only transforms the composition of the jet fuel market but also fosters innovation in alternative, eco-friendly fuels.

The challenge for governments is to strike a balance between environmental aspirations and the economic viability of the aviation industry. Policy frameworks must incentivize sustainable practices without unduly burdening airlines, ensuring a smooth transition toward a low-carbon future for the global jet fuel market.

Subsidies and Incentives for Biofuels in Aviation:

To encourage the adoption of biofuels in aviation, governments implement subsidies and incentives that promote research, development, and production of these alternative fuels. Biofuels, derived from renewable sources such as plant biomass or waste, offer a more sustainable option compared to conventional jet fuel. However, the production of biofuels is often more expensive, and government support is crucial to bridge the cost gap.

Through financial incentives, tax breaks, and research grants, governments stimulate investment in biofuel technologies. These policies make it more economically feasible for airlines to explore and integrate biofuels into their operations. Importantly, subsidies can offset the higher production costs of biofuels, making them more competitive with traditional jet fuels.

Governments may also establish blending mandates, requiring a certain percentage of biofuels in aviation fuel. This not only boosts the demand for biofuels but also sets a clear regulatory framework for the industry to follow. Successful implementation of these policies contributes to the diversification of the jet fuel market, aligning it with sustainable and environmentally friendly practices.

Aviation Infrastructure Investment:

Government policies regarding aviation infrastructure have a profound impact on the global jet fuel market. Adequate and modernized infrastructure, including airports, fuel storage facilities, and transportation networks, is critical for the efficient functioning of the jet fuel supply chain.

Governments must strategically invest in expanding and upgrading aviation infrastructure to accommodate the growing demand for air travel. Policies that prioritize these investments contribute to the development of a robust and reliable jet fuel market. Improved infrastructure ensures seamless transportation of jet fuel from refineries to airports and efficient fueling processes, minimizing disruptions and enhancing the overall resilience of the market.

Policies aimed at enhancing fuel storage and distribution infrastructure enable the industry to respond effectively to fluctuations in demand and supply. Governments must collaborate with industry stakeholders to identify areas for investment, ensuring that aviation infrastructure keeps pace with the evolving needs of the jet fuel market.

Security and Safety Regulations:

Governments play a crucial role in shaping policies related to the security and safety of jet fuel handling, transportation, and storage. The highly flammable nature of jet fuel necessitates strict regulations to prevent accidents, environmental damage, and security breaches.

Security and safety policies include guidelines for secure storage facilities, transportation protocols, and emergency response plans. These regulations aim to safeguard the entire jet fuel supply chain, from production to consumption. Compliance with these policies requires substantial investments by industry participants to implement advanced safety measures and technologies.

Governments continually update and enforce these regulations to address emerging threats and technologies, ensuring that the jet fuel market operates within a framework that prioritizes both security and safety. Policy initiatives in this area contribute not only to risk mitigation but also to the overall stability and reliability of the global jet fuel market.

Download Free Sample Report


Key Market Challenges

Volatility in Oil Prices:

One of the primary challenges facing the global jet fuel market is the inherent volatility in oil prices. Jet fuel is derived from crude oil, and its cost is directly influenced by fluctuations in the global oil market. The dynamic nature of oil prices can pose significant challenges for airlines, airports, and other stakeholders in the aviation industry.

Several factors contribute to the volatility of oil prices. Geopolitical tensions, supply and demand imbalances, changes in production levels by major oil-producing nations, and global economic conditions all play a role in determining oil prices. These factors are often unpredictable and subject to sudden shifts, creating a challenging environment for entities reliant on stable and predictable operating costs.

For airlines, fuel costs constitute a substantial portion of operational expenses, and unpredictable changes in oil prices can impact profitability and financial planning. When oil prices surge, airlines may face increased expenses, leading to higher ticket prices for passengers or diminished profit margins. Conversely, a sudden drop in oil prices may result in financial challenges for oil-producing nations, affecting the stability of the global jet fuel market.

To navigate this challenge, industry participants often employ risk management strategies, such as hedging, to mitigate the impact of oil price fluctuations. However, the effectiveness of these strategies can vary, and uncertainties in the oil market persist. Governments and industry stakeholders must collaboratively explore long-term solutions, including investments in alternative and sustainable fuel sources, to reduce the market's vulnerability to oil price volatility.

Infrastructure Constraints and Supply Chain Disruptions:

The global jet fuel market faces challenges related to infrastructure constraints and the potential for supply chain disruptions. Adequate infrastructure is crucial for the efficient production, transportation, and distribution of jet fuel from refineries to airports. Insufficient infrastructure or bottlenecks at key points in the supply chain can impede the smooth functioning of the market, leading to increased costs and potential disruptions.

One notable challenge is the need for infrastructure development to keep pace with the growth in air travel demand. As the aviation industry expands, airports must invest in the expansion and modernization of facilities, including fuel storage, handling, and distribution infrastructure. Failure to meet these demands can result in delays, inefficiencies, and supply shortages.

Geopolitical events or natural disasters can introduce uncertainties and disruptions to the global jet fuel supply chain. Political instability in major oil-producing regions, conflicts affecting transportation routes, or natural disasters disrupting refining and distribution infrastructure can all contribute to supply chain disruptions. Such disruptions can have cascading effects on the aviation industry, impacting flight schedules, operational costs, and overall market stability.

Addressing these challenges requires collaborative efforts between governments, industry stakeholders, and investors. Governments must create conducive regulatory environments to encourage private sector investments in infrastructure development. Airlines and airports should engage in strategic planning to anticipate future demands and potential challenges, fostering a resilient and adaptable global jet fuel market.

The global jet fuel market grapples with challenges rooted in the volatility of oil prices and potential disruptions in the supply chain. Navigating these challenges necessitates a multi-faceted approach that includes risk management strategies, long-term investments in alternative fuels, and collaborative efforts to enhance infrastructure resilience. By addressing these challenges, the industry can work towards ensuring a more stable, sustainable, and resilient global jet fuel market.

Key Market Trends

Shift Towards Sustainable Aviation Fuels (SAF)

One prominent trend in the Global Jet Fuel Market is the accelerating shift towards Sustainable Aviation Fuels (SAF) driven by environmental concerns and regulatory pressures. With aviation being a significant contributor to greenhouse gas emissions, airlines and aviation stakeholders are under increasing pressure to reduce their carbon footprint and mitigate environmental impact.

Sustainable Aviation Fuels, derived from renewable feedstocks such as biomass, waste oils, and agricultural residues, offer a promising alternative to traditional fossil-based jet fuels. Unlike conventional jet fuels, SAFs have the potential to significantly reduce carbon emissions, as they are produced from sustainable and low-carbon feedstocks. This aligns with the aviation industry's broader goal of achieving carbon-neutral growth and eventually reducing emissions to net-zero levels.

Several factors are driving the adoption of SAFs in the Global Jet Fuel Market. Firstly, regulatory mandates and sustainability initiatives are incentivizing airlines to invest in SAFs and reduce their carbon emissions. Governments around the world are implementing policies and regulations to promote the use of renewable fuels in aviation, including blending mandates, tax incentives, and carbon pricing mechanisms. These measures create a conducive environment for the development and deployment of SAFs, driving market growth.

Increasing consumer awareness and demand for sustainable air travel are influencing airlines' sustainability strategies and fuel procurement decisions. Passengers are becoming more conscious of the environmental impact of air travel and are actively seeking greener alternatives. Airlines are responding to this demand by offering flights powered by SAFs and incorporating sustainability into their brand messaging and marketing efforts. As consumer preferences continue to shift towards sustainable travel options, the demand for SAFs is expected to rise, further driving market growth.

The shift towards Sustainable Aviation Fuels represents a significant trend in the Global Jet Fuel Market, driven by environmental concerns, regulatory pressures, and changing consumer preferences. As airlines and aviation stakeholders increasingly embrace sustainable aviation solutions, the demand for SAFs is expected to grow, shaping the future of the jet fuel industry.

Segmental Insights

Application Insights

The Commercial segment held the largest Market share in 2023. Commercial aviation, which includes passenger and cargo flights operated by airlines, represents an enormous scale of air travel globally. The sheer volume of flights, passengers, and cargo transported by commercial airlines significantly surpasses that of military and general aviation combined. As a result, the commercial sector is the largest consumer of jet fuel.

The growth of the commercial aviation sector is closely linked to global economic development and urbanization. As economies expand, disposable incomes rise, and urban centers grow, the demand for air travel increases. This heightened demand translates directly into higher consumption of jet fuel by commercial airlines.

Commercial aviation plays a crucial role in facilitating global trade and business activities. Companies and industries depend on efficient air transportation for the movement of goods, services, and personnel across international borders. The globalization of trade and business further amplifies the demand for commercial air travel and, consequently, jet fuel.

Changing consumer preferences, increased affordability of air travel, and a growing emphasis on tourism contribute to the strong demand for commercial flights. More people choosing air travel for leisure and business purposes result in a continuous need for jet fuel to power commercial aircraft.

Commercial airlines typically operate large fleets of aircraft, serving extensive networks of routes that connect cities and countries globally. The extensive network connectivity and large fleet sizes contribute to the consistent and significant demand for jet fuel. Airlines strategically expand their routes to cater to passenger and cargo demands, further driving the consumption of jet fuel.


Download Free Sample Report

Regional Insights

North America held the largest market share in 2023. North America's dominance in the Global Jet Fuel Market can be attributed to a combination of factors that collectively position the region as a key player in the aviation fuel industry. From robust infrastructure to technological advancements and strategic market positioning, North America boasts several advantages that contribute to its leading role in supplying jet fuel to domestic and international markets.

One of the primary reasons for North America's dominance is its extensive network of airports and air transportation hubs. The region is home to some of the busiest and most well-connected airports in the world, including major hubs such as Hartsfield-Jackson Atlanta International Airport, Los Angeles International Airport, and Chicago O'Hare International Airport. These airports serve as critical nodes in global air travel, facilitating the movement of passengers and cargo between North America and destinations worldwide.

North America benefits from a highly developed and efficient logistics infrastructure that supports the storage, transportation, and distribution of jet fuel across the continent. The region boasts a vast network of pipelines, refineries, storage terminals, and distribution centers, ensuring reliable supply chains and timely delivery of fuel to airports and aviation operators. This logistical advantage enables North America to meet the demands of a large and diverse aviation market effectively.

North America's position as a global leader in aerospace and aviation technology contributes to its dominance in the jet fuel market. The region is home to some of the world's largest aircraft manufacturers, including Boeing and Airbus, as well as leading engine manufacturers such as General Electric and Pratt & Whitney. This concentration of expertise and innovation drives demand for jet fuel within North America and fuels technological advancements in aircraft efficiency and performance.

North America benefits from a strong and stable economy, which supports robust air travel demand and investment in aviation infrastructure. The region's economic prosperity and consumer spending power drive demand for both domestic and international air travel, leading to steady growth in jet fuel consumption. As a result, North America remains a lucrative market for jet fuel suppliers and refiners seeking to capitalize on the region's economic vitality.

North America's status as a major producer of crude oil and petroleum products further enhances its dominance in the global jet fuel market. The region boasts abundant reserves of crude oil, particularly in the United States and Canada, which serve as primary feedstocks for jet fuel production. This abundant domestic supply of crude oil ensures a stable and cost-effective source of raw materials for North American refineries, enabling them to produce jet fuel competitively and sustainably.

Recent Developments

  • In January 2024, the inaugural commercial production plant dedicated to transforming ethanol into sustainable aviation fuel (SAF) commenced operations in Soperton, Georgia. Backed by the Department of Energy's Bioenergy Technology Office (BETO), LanzaJet's Freedom Pines Fuel Facility is poised to yield nine million gallons of SAF and one million gallons of renewable diesel within its inaugural year, heralding substantial economic advantages for the surrounding community.

Key Market Players

  • Exxon Mobil Corporation
  • Shell Plc
  • Chevron Corporation
  • BP p.l.c
  • China Petroleum Corporation
  • China National Petroleum Corporation
  • Saudi Arabian Oil Company
  • Indian Oil Corporation Ltd
  • PetroChina Company Limited
  • TotalEnergies SE

By Fuel Type

By Application

By Region

  • Jet A
  • Jet A1
  • Jet B
  • Commercial
  • Defense
  • General Aviation
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Jet fuel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Jet fuel Market, By Fuel Type:

o   Jet A,

o   Jet A1

o   Jet B  

  • Jet fuel Market, By Application:

o   Commercial

o   Defense

o   General Aviation

o   Others  

  • Jet fuel Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Jet fuel Market.

Available Customizations:

Global Jet fuel Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional Market players (up to five).

Global Jet fuel Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.     Secondary Research

2.5.2.     Primary Research

2.6.  Approach for the Market Study

2.6.1.     The Bottom-Up Approach

2.6.2.     The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.     Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Jet fuel Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Fuel Type (Jet A, Jet A1, and Jet B)

5.2.2.     By Application (Commercial, Defense, General Aviation, Others)

5.2.3.     By Region

5.2.4.     By Company (2023)

5.3.  Market Map

6.    North America Jet fuel Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Fuel Type

6.2.2.     By Application

6.2.3.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

6.3.2.     Canada Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

6.3.3.     Mexico Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

7.    Europe Jet fuel Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Fuel Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Europe: Country Analysis

7.3.1.     Germany Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

7.3.2.     United Kingdom Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

7.3.3.     Italy Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

7.3.4.     France Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

7.3.5.     Spain Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

8.    Asia-Pacific Jet fuel Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Fuel Type

8.2.2.     By Application

8.2.3.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

8.3.2.     India Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

8.3.3.     Japan Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

8.3.4.     South Korea Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

8.3.5.     Australia Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

9.    South America Jet fuel Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Fuel Type

9.2.2.     By Application

9.2.3.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

9.3.2.     Argentina Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

9.3.3.     Colombia Jet fuel Market Outlook Market Size & Forecast       By Value Market Share & Forecast       By Fuel Type       By Application

10.  Middle East and Africa Jet fuel Market Outlook

10.1.   Market Size & Forecast         

10.1.1.  By Value

10.2.   Market Share & Forecast

10.2.1.  By Fuel Type

10.2.2.  By Application

10.2.3.  By Country

10.3.   Middle East and Africa: Country Analysis

10.3.1.  South Africa Jet fuel Market Outlook              Market Size & Forecast    By Value              Market Share & Forecast    By Fuel Type    By Application

10.3.2.  Saudi Arabia Jet fuel Market Outlook              Market Size & Forecast    By Value              Market Share & Forecast    By Fuel Type    By Application

10.3.3.  UAE Jet fuel Market Outlook              Market Size & Forecast    By Value              Market Share & Forecast    By Fuel Type    By Application

10.3.4.  Kuwait Jet fuel Market Outlook              Market Size & Forecast    By Value              Market Share & Forecast    By Fuel Type    By Application

10.3.5.  Turkey Jet fuel Market Outlook              Market Size & Forecast    By Value              Market Share & Forecast    By Fuel Type    By Application

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.  Market Trends & Developments

13.  Company Profiles

13.1.   Exxon Mobil Corporation

13.1.1.  Business Overview

13.1.2.  Key Revenue and Financials 

13.1.3.  Recent Developments

13.1.4.  Key Personnel/Key Contact Person

13.1.5.  Key Product/Services Offered

13.2.   Shell Plc

13.2.1.  Business Overview

13.2.2.  Key Revenue and Financials 

13.2.3.  Recent Developments

13.2.4.  Key Personnel/Key Contact Person

13.2.5.  Key Product/Services Offered

13.3.   Chevron Corporation

13.3.1.  Business Overview

13.3.2.  Key Revenue and Financials 

13.3.3.  Recent Developments

13.3.4.  Key Personnel/Key Contact Person

13.3.5.  Key Product/Services Offered

13.4.   BP p.l.c

13.4.1.  Business Overview

13.4.2.  Key Revenue and Financials 

13.4.3.  Recent Developments

13.4.4.  Key Personnel/Key Contact Person

13.4.5.  Key Product/Services Offered

13.5.   China Petroleum Corporation

13.5.1.  Business Overview

13.5.2.  Key Revenue and Financials 

13.5.3.  Recent Developments

13.5.4.  Key Personnel/Key Contact Person

13.5.5.  Key Product/Services Offered

13.6.   China National Petroleum Corporation

13.6.1.  Business Overview

13.6.2.  Key Revenue and Financials 

13.6.3.  Recent Developments

13.6.4.  Key Personnel/Key Contact Person

13.6.5.  Key Product/Services Offered

13.7.   Saudi Arabian Oil Company

13.7.1.  Business Overview

13.7.2.  Key Revenue and Financials 

13.7.3.  Recent Developments

13.7.4.  Key Personnel/Key Contact Person

13.7.5.  Key Product/Services Offered

13.8.   Indian Oil Corporation Ltd

13.8.1.  Business Overview

13.8.2.  Key Revenue and Financials 

13.8.3.  Recent Developments

13.8.4.  Key Personnel/Key Contact Person

13.8.5.  Key Product/Services Offered

13.9.   PetroChina Company Limited

13.9.1.  Business Overview

13.9.2.  Key Revenue and Financials 

13.9.3.  Recent Developments

13.9.4.  Key Personnel/Key Contact Person

13.9.5.  Key Product/Services Offered

13.10. TotalEnergies SE

13.10.1.               Business Overview

13.10.2.               Key Revenue and Financials 

13.10.3.               Recent Developments

13.10.4.               Key Personnel/Key Contact Person

13.10.5.               Key Product/Services Offered

14.  Strategic Recommendations

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions


The Market size of the Global Jet fuel Market was USD 142.08 billion in 2023.


In 2023, the Jet A segment dominated the market, boasting the largest market share. Jet A serves as the standard jet fuel in North America, encompassing both the United States and Canada. This standardized approach within the region guarantees uniformity and interoperability throughout the aviation sector in these territories.


In 2023, the Commercial segment dominated the market, capturing the largest market share. Commercial aviation encompasses both passenger and cargo flights operated by airlines and constitutes a vast portion of global air travel. The magnitude of flights, passengers, and cargo handled by commercial airlines far exceeds that of both military and general aviation combined. Consequently, the commercial sector stands as the primary consumer of jet fuel.


The principal factors propelling the Global Jet Fuel Market include the rising demand for air travel in emerging economies and the expansion of low-cost carrier fleets.


Parvati Sharma

Account Manager BD
Press Release

Jet fuel Market to Grow with a CAGR of 12.19% through 2029

May, 2024

Increasing demand for air travel in emerging markets and expansion of low-cost carrier fleets are likely to drive the Market in the forecast period.