The market for air-to-jet fuel market was estimated to be worth USD 230.1 billion in 2022, and during the course of the forecast period, a CAGR of 14.2% is anticipated. The market is expanding due to rising air travel demand and the expansion of the aviation sector. The industry is expanding significantly due to the development of sophisticated aviation biofuels and the demand for low-cost carriers. The market is driven by the fluctuating price of crude oil and the growing demand for air travel from more people. Global passenger numbers are rising, which is substantially propelling market expansion.
Significant market expansion is being driven by the expanding tourism sector as well as rising disposable income. The main driver of the market's notable expansion is the growing desire for lower emissions. The market is seeing a major increase in demand due to the growing emphasis on cutting carbon emissions. The market is expanding as a result of the growing trend toward sustainable fuel. It is comparable to conventional jet fuel in its characteristics and is used to power airplanes.

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Growth Drivers
Growth in the market is being driven by the tourism industry, which is expanding due to the profitable packages offered by different companies. Global passenger numbers are rising, which is directly fueling market expansion. Growing government efforts to implement the SAF are substantially propelling the market. Both conventional and sustainable fuels are substantially increasing market demand. The demand for conventional jet fuel is rising due to an increase in air travel by passengers.
Demand for AJFs is being driven by a growing emphasis on sustainability and lowering their carbon impact. Government grants, tax breaks, and subsidies promote the use of AJFs in research and development. Technological developments in biofuel and synthetic fuels have improved the economics and performance of AJFs. The market is expanding rapidly due to the growing number of passengers.
The primary driver of the market's notable expansion is sports tourism. While European nations are a crucial area for football tourism because of the rich leagues played there, the Indian cricket team is a major force behind sports tourism in India. Profitable deals are available for travelers by flying from European nations.
Segmentation
By Fuel Type
· Conventional
· Sustainable
By Aircraft Type
· Fixed Wing
· Rotatory Wing
· Unmanned Aerial Vehicle
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Exxon Mobil Corporation
· Chevron Corporation
· Total Energies
· Indian Oil Corporation
· Valero Corporation
· World Fuel Services
· Neste
· Gazprom
· Shell
· British Petroleum
· Other Players

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