Report ID: SQMIG10E2028
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Aviation Fuel Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Aviation Fuel industry players.
The global medical devices market is greatly impacted by an older population, as older individuals are more likely to develop chronic and degenerative disease states such as cardiovascular disease, arthritis, diabetes, and neurological disease. Due to the greater incidence of multiple medical conditions, there is greater overall demand for diagnostic equipment, imaging devices, implants, and treatments to deal with the complexities of these medical conditions faced by older patients. In response, healthcare providers are making capital expenditures on medical devices that will facilitate disease management, early detection, and ultimately address population needs for better clinical outcomes. Consequently, the increasing proportion of elderly patients directly contributes to sustained market growth and innovation in medical device development.
According to SkyQuest Technology “Global Aviation Fuel Market” By Fuel Type (Conventional Aviation Fuels, Sustainable Aviation Fuels) By Aircraft Type (Fixed Wing, Rotary Wing), By End User, By Region - Industry Forecast 2025-2032,” global Aviation Fuel market is projected to grow at a CAGR of over 11.5% by 2032, on account of urgent need for automating quantified data. Aviation fuel production depends heavily on crude oil. When crude oil prices rise, refining costs increase, causing fuel prices to escalate. This can reduce airline profitability, influencing fleet operations and ticket pricing.
|
Company |
Est. Year |
Headquarters |
Revenue |
Key Services |
|
ExxonMobil Corporation |
1999 |
Irving, Texas |
USD 349.585 billion (2024) |
Jet fuel supply, Sustainable Aviation Fuel (SAF), Aviation lubricants, Fuel handling and monitoring, Ground support equipment |
|
Chevron Corporation |
1879 |
San Ramon, California |
USD 202.729 billion (2024) |
Jet fuel and aviation gasoline, Sustainable Aviation Fuel (SAF), Fuel infrastructure operation, Fuel quality testing, Supply chain management |
|
BP p.l.c. |
1908 |
London, United Kingdom |
USD 194.629 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Aviation lubricants, Airport fuel infrastructure, Fuel quality assurance |
|
Shell plc |
1907 |
The Hague, Netherlands |
USD 289.029 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Aviation lubricants and fluids, Supply chain management, Fuel infrastructure services |
|
TotalEnergies SE |
1924 |
Courbevoie, France |
USD 209.50 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Aviation lubricants and fluids, Electric aviation charging, Fuel infrastructure services |
|
Phillips 66 |
1917 |
Houston, Texas |
USD 143.153 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Aviation lubricants and greases, Fuel infrastructure services, Credit card and rewards programs |
|
Valero Energy Corporation |
1980 |
San Antonio, Texas |
USD 129.881 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Renewable diesel production, Fuel infrastructure services, Supply chain management |
|
Marathon Petroleum Corporation |
2011 |
Findlay, Ohio |
USD 138.684 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Aviation lubricants, Fuel infrastructure services, Supply chain management |
|
World Fuel Services Corporation |
1984 |
Miami, Florida |
USD 4.2 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Fuel infrastructure services, Supply chain management, Fuel quality testing |
|
Avfuel Corporation |
1973 |
Ann Arbor, Michigan |
USD 1.4 billion (2024) |
Jet fuel and aviation gasoline supply, Sustainable Aviation Fuel (SAF), Fuel infrastructure services, Supply chain management, Fuel quality assurance |
ExxonMobil Corporation is a global leader in the oil and gas industry, providing energy solutions that power economies and daily life worldwide. Founded in 1999 through the merger of Exxon and Mobil, the company operates in over 70 countries, offering a diverse portfolio that includes crude oil and natural gas exploration, refining, petrochemical production, and the supply of fuels and lubricants. Its aviation segment delivers Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants. ExxonMobil continues to invest in low-emission technologies and sustainability initiatives, reinforcing its commitment to energy innovation and global market leadership.
Chevron Corporation is a global energy company engaged in every aspect of the oil, gas, and geothermal energy industries, delivering reliable and sustainable energy solutions worldwide. Founded in 1879, the company is headquartered in San Ramon, California, and operates in over 180 countries. Chevron’s core offerings include crude oil and natural gas exploration, refining, marketing, and the supply of fuels and lubricants, including Jet A-1 fuel and sustainable aviation fuel. The company also invests in renewable energy, carbon reduction technologies, and innovative solutions to support a lower-carbon future while maintaining energy security and operational excellence.
BP p.l.c. is a global integrated energy company providing fuels, lubricants, and low-carbon energy solutions to millions worldwide. Founded in 1908 and headquartered in London, United Kingdom, BP operates in more than 70 countries, spanning oil and gas exploration, refining, marketing, and petrochemical production. Its aviation segment supplies Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants, supporting airlines and airports globally. BP is also actively investing in renewable energy, biofuels, and carbon reduction technologies, aiming to transition toward a lower-carbon future while maintaining reliable energy supply and fostering innovation across the global energy market.
Shell plc is a global energy and petrochemical company providing fuels, lubricants, and low-carbon energy solutions to customers worldwide. Founded in 1907 and headquartered in The Hague, Netherlands, Shell operates in over 70 countries, engaging in oil and gas exploration, refining, marketing, and petrochemical production. Its aviation segment delivers Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants, supporting airlines and airports globally. Shell is also investing in renewable energy, biofuels, and carbon reduction technologies, aiming to accelerate the energy transition while ensuring reliable energy supply, operational excellence, and innovation across the global energy market.
TotalEnergies SE is a global energy company providing oil, gas, and low-carbon solutions to meet the world’s growing energy needs. Founded in 1924 and headquartered in Courbevoie, France, the company operates in over 130 countries, engaging in oil and gas exploration, refining, marketing, and petrochemical production. Its aviation segment supplies Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants to airlines and airports worldwide. TotalEnergies is also actively investing in renewable energy, biofuels, and carbon reduction technologies, driving the energy transition while ensuring reliable supply, operational excellence, and innovative solutions across the global energy landscape.
Phillips 66 is a diversified energy manufacturing and logistics company providing fuels, lubricants, and energy solutions worldwide. Founded in 1917 and headquartered in Houston, Texas, USA, the company operates in refining, midstream, chemicals, and marketing of petroleum products. Its aviation segment supplies Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants to airlines and airports globally. Phillips 66 also invests in renewable fuels, biofuels, and carbon-reduction initiatives, supporting a more sustainable energy future. With a focus on operational excellence, innovation, and safety, the company continues to maintain a strong presence across global energy markets.
Valero Energy Corporation is a global manufacturer and marketer of transportation fuels, petrochemical products, and renewable energy solutions. Founded in 1980 and headquartered in San Antonio, Texas, USA, the company operates refineries and terminals across North America, Europe, and the Caribbean. Its aviation segment supplies Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants to airlines and airports worldwide. Valero is also investing in renewable fuels, biofuels, and carbon-reduction technologies to support a sustainable energy transition. With a focus on operational efficiency, safety, and reliability, the company continues to strengthen its position in the global energy and aviation fuel markets.
Marathon Petroleum Corporation is a leading integrated energy company specializing in refining, marketing, and transportation of petroleum products. Founded in 2011 and headquartered in Findlay, Ohio, USA, the company operates an extensive network of refineries, terminals, and retail outlets across the United States. Its aviation segment provides Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants to airlines and airports globally. Marathon Petroleum also invests in renewable fuels, biofuels, and carbon-reduction initiatives, supporting a sustainable energy transition. With a focus on operational excellence, safety, and reliability, the company maintains a strong presence in the global energy and aviation fuel markets.
World Fuel Services Corporation is a global energy management company providing comprehensive fuel solutions to the aviation, marine, and land transportation industries. Founded in 1984 and headquartered in Miami, Florida, USA, the company operates in over 200 locations worldwide. Its aviation segment supplies Jet A-1 fuel, sustainable aviation fuel, and aviation lubricants, supporting airlines, airports, and fixed-base operators globally. World Fuel Services also offers fuel infrastructure services, supply chain management, and fuel quality assurance. Committed to innovation, sustainability, and operational excellence, the company continues to strengthen its leadership in global aviation fuel and energy markets.
Avfuel Corporation is a global provider of aviation fuel, services, and technology solutions supporting the needs of airlines, airports, and general aviation operators. Founded in 1973 and headquartered in Ann Arbor, Michigan, USA, Avfuel operates a worldwide network of distributors, fixed-base operators, and fuel suppliers. Its core offerings include Jet A-1 fuel, sustainable aviation fuel, aviation lubricants, fuel infrastructure services, and supply chain management. Committed to safety, reliability, and sustainability, Avfuel invests in innovative fuel technologies and low-carbon solutions, reinforcing its position as a leading provider in the global aviation fuel market.
The global aviation fuel market is experiencing robust growth, driven by the surge in air travel and the resulting increase in fuel consumption. Rising passenger numbers, expanding tourism, and low-cost carriers are creating sustained demand, prompting major fuel suppliers and refineries to scale operations. The market is also highly influenced by crude oil price fluctuations, which directly affect production costs, airline profitability, and ticket pricing. Leading companies such as ExxonMobil, Chevron, BP, Shell, and TotalEnergies are investing in sustainable aviation fuels, renewable energy, and advanced technologies, ensuring operational excellence and supporting a low-carbon, innovative future for the industry.
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The aviation fuel market is projected to grow at 8.5% CAGR from 2025 - 2032. The drivers of growth are a growing demand for air travel, sustainability initiatives, and an increasing acceptance of Sustainable Aviation Fuel (SAF).
Jet A, and Jet A-1, are conventional aviation fuels extensively utilized in commercial aviation and Jet A-1 is better suited for cold-weather use. Jet B is used much less commonly, and is primarily for use in really cold temperatures because it is lighter in composition.
Conventional aviation fuel is the largest fuel type in aviation; it constitutes greater than 90% of aviation fuel use globally in 2023 because aircraft engines can run on conventional fuels and it is widely available.
Rotary-winged aircraft like helicopters consume the majority of fuel use in oil & gas, EMS, and military operations, while UAVs utilize the least amount of fuel, but are the fastest growing segment due to increased uses in defense, agriculture, and logistics.
Sustainable aviation fuels (SAFs) are transforming aviation fuel markets and providing a path toward decarbonization. The adoption of SAFs continues to rise despite the constraints of ; the cost of production, and supply issues limiting immediate scaling of capacity to supply SAF. There are incentives driving SAF use, such as regulations from the European Union's ReFuelEU, which drive investment and innovation.
Airlines are adopting newer more fuel-efficient fleets, synthetic fuels and hybrid aircraft. Technologies to produce SAFs from carbon dioxide and biomass, underpinned by advances in biotechnologies, represent new and important innovation trajectories for reducing the impacts of the aviation sector.
There was little mention of sports tourism however; tourism in general leads to air passenger flows - especially during international events - which drives increase flight frequency and aviation fuel consumption supporting trends in the market that suggest growth.
Government policies for example, the U.S. SAF Grand Challenge, or the EU blending mandates will help propel investment toward sustainable fuels and provide incentives for airlines and others to reduce carbon emissions thus reducing the impact of travel - though addressing carbon reduction can mean shifting strategies of fuel sourcing moving forward.
Notable trends are Delta’s SAF deal with DG Fuels, Boeing’s SAF buy from Neste and TotalEnergies’ partnership agreement with Air France-KLM, all with a goal in mind to scale SAF production and emissions reductions.
Key drivers are increasing air travel and sustainability objectives, with the main challenges being oil price volatility, limited infrastructures for SAF, and high production costs which may affect availability and economic efficiency.
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Report ID: SQMIG10E2028
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