Aviation Gasoline Global Market Report 2024

The global aviation gasoline market has grown steadily in recent years. It will grow from $1.89 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The expansion observed during the historical period can be attributed to various factors, including the growth of civilian aviation in the post-war era, the rise of commercial aviation, the establishment of aviation regulations, advancements in aircraft technology, and the increased demand driven by the requirements of World War I and II.

The global aviation gasoline market is expected to see steady growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. Anticipated growth in the forecast period can be attributed to the emergence of electric aviation, ongoing innovations in fuel efficiency, global economic expansion, regulatory changes and emissions standards, and the industry's shift towards alternative fuels. Key trends expected in the forecast period encompass the adoption of biodegradable fuel, changes in aircraft fleet composition, the evolution of regulatory standards, continuous product innovations, and a notable transition towards sustainable fuels in the aviation sector.

The growth trajectory of the aviation gasoline market is expected to be driven by the increasing demand for small aircraft. Small aircraft, defined as planes designed with a maximum seating capacity of 60 individuals or a maximum payload capacity of 18,000 pounds, predominantly utilize aviation gasoline in piston engines, requiring high-octane leaded fuel. For instance, Airbus, a provider of aeronautics services, highlighted in November 2021 the necessity for 39,000 new passenger and freighter aircraft, including approximately 29,700 small aircraft like the A220 and A320 families, in addition to around 5,300 medium aircraft. This surge in small aircraft demand primarily contributes to the growth of the aviation gasoline market, meeting the fuel requirements for these planes.

The surge in air passenger travel is set to further propel the aviation gasoline market. As air passenger travel involves commercial flights facilitated by airlines for business or leisure purposes, aviation gasoline, commonly known as avgas, serves as the fuel for piston-engine aircraft, powering their internal combustion engines. For instance, as reported by the Civil Aviation Authority (CAA) in 2022, UK air travel witnessed a substantial increase with over 224 million passengers traveling to and from UK airports, marking a significant surge compared to the 65.4 million passengers in 2021. Hence, the significant upsurge in air passenger travel directly contributes to the growth of the aviation gasoline market.

The adoption of eco-friendly and bio-based fuel solutions emerges as a prominent trend in the aviation gasoline market. Major market players are concentrating on developing innovative product solutions to bolster their market standing. For example, in March 2022, Chevron Renewable Energy Group introduced EnDura Fuels, a branded fuel product lineup comprising five bio-based diesel fuels, including PuriDTM, a next-generation biodiesel exceeding industry quality standards. This offering allows customers to integrate renewable diesel at varying levels and utilize higher biodiesel blends with petroleum diesel, reflecting the industry's shift towards sustainable and greener fuel alternatives.

Prominent entities within the aviation gasoline market are directing their focus towards pioneering advanced technologies like UOP eFining Technology, designed to facilitate large-scale production of Sustainable Aviation Fuel (SAF) using captured carbon dioxide (CO2). For instance, in May 2023, Honeywell, a US-based advanced technology company, introduced the UOP eFining Technology for Sustainable Aviation Fuel Production from Captured CO2. This cutting-edge solution is set to be implemented at the world's largest eFuels SAF Facility, targeting the recycling of 2 million tons of CO2 annually to generate 180 million gallons of SAF. This innovative technology addresses the aviation industry's challenges in decarbonization by utilizing available CO2 resources to produce SAF. The process involves converting eMethanol into eSAF, offering a drop-in replacement fuel that substantially reduces greenhouse gas emissions by 88% compared to conventional jet fuel.

In August 2022, Agility, a Kuwait-based supply chain company, completed the acquisition of Menzies Aviation Group PLC for $810.24 million (£763). This strategic acquisition positions Agility to offer enhanced services, expanded product options, and superior safety measures to its customers at airports spanning six continents. Menzies Aviation Group PLC, a UK-based aviation fueling services provider, plays a vital role in the aviation gasoline market and brings added value to Agility's offerings in the aviation industry.

Major companies operating in the aviation gasoline market report are Shell PLC, British Petroleum Company PLC, Indian Oil Corporation Limited, ExxonMobil Corporation, TotalEnergies SE, Repsol S.A., Hjelmco Oil Ab, Chevron Corporation, Sinopec Group, NAFTAL Branche Carburants, Sasol Limited, Petróleo Brasileiro S.A., Bryant Fuel Systems LLC, World Energy, SkyNRG, Alder Fuel, Phillips Petroleum Company, Air BP Ltd., Neste Corporation, Avfuel Corporation, World Kinect Corporation, Sunoco Inc., HF Sinclair Corporation, Valero Energy Corporation, Marathon Petroleum Corporation, PetroChina Co. Ltd., Puma Energy Holdings Pte. Ltd., QatarEnergy, China Petroleum & Chemical Corporation, Hindustan Petroleum Corporation Limited, Petroliam Nasional Berhad, Reliance Industries Limited

North America was the largest region in the aviation gasoline market share in 2023. The regions covered in the aviation gasoline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aviation gasoline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of aviation gasoline include avgas and jet fuel. Avgas is tailored for use in internal combustion engines equipped with spark ignition, commonly found in small piston-engine airplanes and traditional propeller aircraft. Various aircraft, including fixed-wing and rotorcraft, utilize additives in aviation gasoline to address specific needs such as deposit control, anti-icing, corrosion inhibition, lubricity improvement, biocides, antioxidants, dyes, and markers. This type of fuel finds applications across diverse end-users, including private, commercial, and military aircraft.

This report provides aviation gasoline market statistics, including aviation gasoline industry global market size, regional shares, competitors with an aviation gasoline market share, detailed aviation gasoline market segments, market trends, and opportunities, and any further data you may need to thrive in the aviation gasoline industry. This aviation gasoline market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aviation gasoline market consists of sales of gasoline types such as Jet A, Jet A1, Jet B, JP 5, and biofuel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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