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North America Commercial Aircraft Aviation Fuel Market Size: By Fuel Type: Jet Fuel, Kerosene Gasoline Mixture, Aviation Gasoline (AVGAS), Biokerosene, Sustainable Aviation Fuels; By Aircraft Type: Fixed Wing, Rotary Wing; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
North America Commercial Aircraft Aviation Fuel Market Outlook
The North America commercial aircraft aviation fuel market size was valued at USD 41.96 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 62.23 billion by 2032.
Key Takeaways
- Jet A1 is a widely popular type of jet fuel in the United States and is suitable for long-haul international flights.
- The Canadian Council for Sustainable Aviation Fuels (C-SAF) aims to annually produce one billion litres of domestic sustainable aviation fuel by 2030.
- Canada has sustainable biomass to produce seven to 10 billion litres of SAF annually.
In the United States, commercial aviation drives around 5% of the country’s GDP. This equaled to around USD 1.37 trillion in 2023. The airlines in the country operate over 26,000 flights daily. The flights carry around 2.6 million passengers to/from approximately 80 countries and 61,000 tons of cargo to/from over 220 countries. The North America commercial aircraft aviation fuel market development is driven by the rising demand for air transport.
The demand for air travel by international tourists is a crucial supporter of the commercial aircraft aviation fuel market. According to the World Travel & Tourism Council’s (WTTC), Travel & Tourism Economic Impact 2023, Global Trends Report, the U.S. Travel & Tourism sector’s GDP contribution expanded by 16.9% in 2022 over 2021.
According to the North America commercial aircraft aviation fuel market analysis, there is a rising popularity of sustainable aviation fuel (SAF) in North America. SAF is produced from widely available renewable feedstocks in the region including forest and agricultural residues, industrial fats, oils, and grease. According to the C-SAF, a consortium of 60 domestic, international, and cargo airlines, Canada should be able to meet 25% of its total jet fuel demand using SAF. This could reduce emissions by 15-20% for departures from Canada.
Market Segmentation
North America Commercial Aircraft Aviation Fuel Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Fuel Type:
- Jet Fuel
- Kerosene Gasoline Mixture
- Aviation Gasoline (AVGAS)
- Biokerosene
- Sustainable Aviation Fuels
Market Breakup by Aircraft Type:
- Fixed Wing
- Rotary Wing
Market Breakup by Country:
- United States of America
- Canada
Competitive Landscape
The key players in the commercial aircraft aviation fuel market in North America are working on producing environmentally friendly sustainable aviation fuels (SAF).
- BP p.l.c.
- Shell plc
- Exxon Mobil Corporation
- Chevron Corporation
- Honeywell International Inc.
- Valero Energy Corporation
- Gevo, Inc.
- TotalEnergies SE
- Neste Oyj
- Swedish Biofuels AB
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Fuel Type |
|
| Breakup by Aircraft Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Commercial Aircraft Aviation Fuel Market Overview
8.1 Key Industry Highlights
8.2 Global Commercial Aircraft Aviation Fuel Historical Market (2018-2023)
8.3 Global Commercial Aircraft Aviation Fuel Market Forecast (2024-2032)
8.4 Global Commercial Aircraft Aviation Fuel Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Commercial Aircraft Aviation Fuel Market Overview
9.1 Key Industry Highlights
9.2 North America Commercial Aircraft Aviation Fuel Historical Market (2018-2023)
9.3 North America Commercial Aircraft Aviation Fuel Market Forecast (2024-2032)
10 North America Commercial Aircraft Aviation Fuel Market by Fuel Type
10.1 Jet Fuel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Kerosene Gasoline Mixture
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Aviation Gasoline (AVGAS)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Biokerosene
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Sustainable Aviation Fuels
10.5.1 Historical Trend (2018-2023)
10.5. 2 Forecast Trend (2024-2032)
11 North America Commercial Aircraft Aviation Fuel Market by Aircraft Type
11.1 Fixed Wing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Rotary Wing
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Commercial Aircraft Aviation Fuel Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BP p.l.c.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Shell plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Exxon Mobil Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Chevron Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Honeywell International Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Valero Energy Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Gevo, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 TotalEnergies SE
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Neste Oyj
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Swedish Biofuels AB
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Aircraft Aviation Fuel Market: Key Industry Highlights, 2018 and 2032
2. North America Commercial Aircraft Aviation Fuel Market: Key Industry Highlights, 2018 and 2032
3. North America Commercial Aircraft Aviation Fuel Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
4. North America Commercial Aircraft Aviation Fuel Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
5. North America Commercial Aircraft Aviation Fuel Historical Market: Breakup by Aircraft Type (USD Billion), 2018-2023
6. North America Commercial Aircraft Aviation Fuel Market Forecast: Breakup by Aircraft Type (USD Billion), 2024-2032
7. North America Commercial Aircraft Aviation Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Commercial Aircraft Aviation Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. North America Commercial Aircraft Aviation Fuel Market Structure
Key Questions Answered in the Report
In 2023, the commercial aircraft aviation fuel market reached an approximate value of USD 41.96 billion.
The market is expected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 62.23 billion by 2032.
Jet A-1 is a kerosene grade of fuel suitable for most turbine-engine aircraft.
Sustainable aviation fuel (SAF) is an alternative fuel produced from non-petroleum feedstocks. The fuel aids the reduction of emissions from air transportation.
The major drivers of the market include an expanding tourism sector, growing demand for air transport, and extensive research and development to enhance the sustainability of the aviation sector.
Key trends aiding market expansion include demand for SAF to reduce the carbon emissions of the aviation sector, rising number of air passengers, and growing international travel.
Major countries in the market are the United States of America and Canada.
The common aircraft types are fixed wing, rotary wing, and others.
Key players in the market are BP p.l.c., Shell plc, Exxon Mobil Corporation, Chevron Corporation, Honeywell International Inc., Valero Energy Corporation, Gevo, Inc., TotalEnergies SE, Neste Oyj, Swedish Biofuels AB, and others.
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