Industry Statistics
Industry Statistics
Jet kerosene, also known as aviation turbine fuel (ATF), is a type of fuel specifically designed for use in aircraft engines. It is a clear or straw-coloured liquid, closely related to regular kerosene but refined to meet the stringent quality standards required for aviation. Jet kerosene is highly flammable and possesses a high energy content, making it ideal for powering jet engines.
Owing to the fuel’s characteristic of a higher flash point compared to gasoline, it is capable of performing reliably under a wide range of temperatures and conditions encountered during flight, from extreme cold at high altitudes to the heat generated during takeoff and landing.
The global jet kerosene market stood at a volume of around 330 million tonnes in 2023. The market is estimated to grow at a CAGR of 3.50% between 2024 and 2032 to reach a volume of about 450.6 million tonnes by 2032. The key factors propelling the jet kerosene market are the growth of the aviation industry and the increasing demand from the commercial aviation sector. Economic development and rising disposable incomes enhance air travel demand, which in turn, drives the demand for jet kerosene.
The commercial aviation sector is the leading consumer of jet kerosene, with an estimated 68% market share. The market benefits from the growing preference for air travel in both developed and developing markets and advancements in the aviation technology.
Europe and North America are the largest markets for jet kerosene, globally. The soaring demand for travel, especially during the holiday season, along with the growing preference for kerosene-type fuels in the winter, including jet fuel, are the primary factors driving the regional demands.
The Asia Pacific witnessed surge in air travel, post-pandemic, which also strengthened the demand for jet kerosene in the region. The demand is significantly increasing in China and India, with both the countries making efforts to restore flight capacity. The surge in demand for kerosene-type fuels has made it the most profitable for Asian refineries, outshining gasoline and diesel. According to estimates, China's demand for jet fuel was estimated to be approximately 860,000 barrels per day by the end of January 2024, registering the highest levels since 2020 and a profit of over 25% when compared to 2023.
The top five players in the jet kerosene market are Shell Plc, Exxon Mobil Corporation, Total Energies SE, Indian Oil Corporation Limited, and Chevron Corporation.
Other significant manufacturers of jet kerosene are Gazprom PJSC, Air BP, Bharat Petroleum Corporation Limited, Vitol Aviation, and Lotte Chemical Corporation.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Key Assumptions
4 Global Jet Kerosene Market Analysis, In Volume (Thousand Tonnes)
4.1 Global Jet Kerosene Historical Market (2018-2023)
4.2 Global Jet Kerosene Market Forecast (2024-2032)
4.3 Global Jet Kerosene Market Supply Analysis, By Type
4.3.1 Jet A
4.3.1.1 Company Wise Name Plate Capacity (2018-2032)
4.3.2 Jet A-1
4.3.2.1 Company Wise Name Plate Capacity (2018-2032)
4.3.3 Jet B
4.3.3.1 Company Wise Name Plate Capacity (2018-2032)
4.4 Global Jet Kerosene Market Production Analysis, By Type
4.4.1 Jet A
4.4.1.1 Production (2018-2032)
4.4.2 Jet A-1
4.4.2.1 Production (2018-2032)
4.4.3 Jet B
4.4.3.1 Production (2018-2032)
4.5 Global Jet Kerosene Market Demand Analysis, By Type
4.5.1 Jet A
4.5.1.1 Demand Analysis and Forecast (2018-2032)
4.5.2 Jet A-1
4.5.2.1 Demand Analysis and Forecast (2018-2032)
4.5.3 Jet B
4.5.3.1 Demand Analysis and Forecast (2018-2032)
4.6 Global Jet Kerosene Market Demand Analysis, by Application
4.6.1 Commercial Aviation
4.6.1.1 Demand Analysis and Forecast (2018-2032)
4.6.2 Military Aviation
4.6.2.1 Demand Analysis and Forecast (2018-2032)
4.6.3 Private Aviation
4.6.3.1 Demand Analysis and Forecast (2018-2032)
4.6.4 Others
4.7 Global Jet Kerosene Market by Region
4.7.1 North America
4.7.1.1 Demand Analysis and Forecast (2018-2032)
4.7.1.2 Market by Type (2018-2032)
4.7.1.3 Market by Application (2018-2032)
4.7.2 Europe
4.7.2.1 Demand Analysis and Forecast (2018-2032)
4.7.2.2 Market by Type (2018-2032)
4.7.2.3 Market by Application (2018-2032)
4.7.3 Asia Pacific
4.7.3.1 Demand Analysis and Forecast (2018-2032)
4.7.3.2 Market by Type (2018-2032)
4.7.3.3 Market by Application (2018-2032)
4.7.4 Latin America
4.7.4.1 Demand Analysis and Forecast (2018-2032)
4.7.4.2 Market by Type (2018-2032)
4.7.4.3 Market by Application (2018-2032)
4.7.5 Middle East and Africa
4.7.5.1 Demand Analysis and Forecast (2018-2032)
4.7.5.2 Market by Type (2018-2032)
4.7.5.3 Market by Application (2018-2032)
4.8 Global Jet Kerosene Supply Demand Gap, By Region
4.8.1 North America
4.8.1.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.2 Europe
4.8.2.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.3 Asia Pacific
4.8.3.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.4 Latin America
4.8.4.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.5 Middle East and Africa
4.8.5.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
5 North America Jet Kerosene Market Analysis
5.1 United States of America
5.1.1 Demand Analysis and Forecast (2018-2032)
5.1.2 Demand Supply Gap
5.2 Canada
5.2.1 Demand Analysis and Forecast (2018-2032)
5.2.2 Demand Supply Gap
6 Europe Jet Kerosene Market Analysis
6.1 Germany
6.1.1 Demand Analysis and Forecast (2018-2032)
6.1.2 Demand Supply Gap
6.2 UK
6.2.1 Demand Analysis and Forecast (2018-2032)
6.2.2 Demand Supply Gap
6.3 France
6.3.1 Demand Analysis and Forecast (2018-2032)
6.3.2 Demand Supply Gap
6.4 Italy
6.4.1 Demand Analysis and Forecast (2018-2032)
6.4.2 Demand Supply Gap
6.5 Spain
6.5.1 Demand Analysis and Forecast (2018-2032)
6.5.2 Demand Supply Gap
6.6 Others
7 Asia Pacific Jet Kerosene Market Analysis
7.1 China
7.1.1 Demand Analysis and Forecast (2018-2032)
7.1.2 Demand Supply Gap
7.2 Japan
7.2.1 Demand Analysis and Forecast (2018-2032)
7.2.2 Demand Supply Gap
7.3 India
7.3.1 Demand Analysis and Forecast (2018-2032)
7.3.2 Demand Supply Gap
7.4 South Korea
7.4.1 Demand Analysis and Forecast (2018-2032)
7.4.2 Demand Supply Gap
7.5 ASEAN
7.5.1 Demand Analysis and Forecast (2018-2032)
7.5.2 Demand Supply Gap
7.6 Australia
7.6.1 Demand Analysis and Forecast (2018-2032)
7.6.2 Demand Supply Gap
7.7 Others
8 Latin America Jet Kerosene Market Analysis
8.1 Brazil
8.1.1 Demand Analysis and Forecast (2018-2032)
8.1.2 Demand Supply Gap
8.2 Argentina
8.2.1 Demand Analysis and Forecast (2018-2032)
8.2.2 Demand Supply Gap
8.3 Mexico
8.3.1 Demand Analysis and Forecast (2018-2032)
8.3.2 Demand Supply Gap
8.4 Others
9 Middle East and Africa Jet Kerosene Market Analysis
9.1 Saudi Arabia
9.1.1 Demand Analysis and Forecast (2018-2032)
9.1.2 Demand Supply Gap
9.2 United Arab Emirates
9.2.1 Demand Analysis and Forecast (2018-2032)
9.2.2 Demand Supply Gap
9.3 Nigeria
9.3.1 Demand Analysis and Forecast (2018-2032)
9.3.2 Demand Supply Gap
9.4 South Africa
9.4.1 Demand Analysis and Forecast (2018-2032)
9.4.2 Demand Supply Gap
9.5 Others
10 Growth Opportunities and Strategic Analysis
10.1 Supply Chain Analysis and Its Component
10.2 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
10.3 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
10.4 Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
10.5 Environmental Considerations and Government Regulations
10.6 Technology Innovation and Its Impact on Production and Application
10.7 Challenges and Opportunities Faced by Existing Manufacturers
10.8 Potential Risks and Barriers to Entry for New Players
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ExxonMobil Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio and Major Grades
11.2.1.3 Capacity by Location
11.2.1.4 Expansion Plan
11.2.1.5 Major Consumers
11.2.1.6 Revenue from POI
11.2.1.7 Technological Innovation and Sustainability
11.2.2 Shell Global plc
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio and Major Grades
11.2.2.3 Capacity by Location
11.2.2.4 Expansion Plan
11.2.2.5 Major Consumers
11.2.2.6 Revenue from POI
11.2.2.7 Technological Innovation and Sustainability
11.2.3 Total Energies SE
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio and Major Grades
11.2.3.3 Capacity by Location
11.2.3.4 Expansion Plan
11.2.3.5 Major Consumers
11.2.3.6 Revenue from POI
11.2.3.7 Technological Innovation and Sustainability
11.2.4 Chevron Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio and Major Grades
11.2.4.3 Capacity by Location
11.2.4.4 Expansion Plan
11.2.4.5 Major Consumers
11.2.4.6 Revenue from POI
11.2.4.7 Technological Innovation and Sustainability
11.2.5 Indian Oil Corporation Limited
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio and Major Grades
11.2.5.3 Capacity by Location
11.2.5.4 Expansion Plan
11.2.5.5 Major Consumers
11.2.5.6 Revenue from POI
11.2.5.7 Technological Innovation and Sustainability
11.2.6 Gazprom PJSC
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio and Major Grades
11.2.6.3 Capacity by Location
11.2.6.4 Expansion Plan
11.2.6.5 Major Consumers
11.2.6.6 Revenue from POI
11.2.6.7 Technological Innovation and Sustainability
11.2.7 Air BP
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio and Major Grades
11.2.7.3 Capacity by Location
11.2.7.4 Expansion Plan
11.2.7.5 Major Consumers
11.2.7.6 Revenue from POI
11.2.7.7 Technological Innovation and Sustainability
11.2.8 Bharat Petroleum Corporation Limited
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio and Major Grades
11.2.8.3 Capacity by Location
11.2.8.4 Expansion Plan
11.2.8.5 Major Consumers
11.2.8.6 Revenue from POI
11.2.8.7 Technological Innovation and Sustainability
11.2.9 Vitol Aviation
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio and Major Grades
11.2.9.3 Capacity by Location
11.2.9.4 Expansion Plan
11.2.9.5 Major Consumers
11.2.9.6 Revenue from POI
11.2.9.7 Technological Innovation and Sustainability
11.2.10 Lotte Chemical Corporation
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio and Major Grades
11.2.10.3 Capacity by Location
11.2.10.4 Expansion Plan
11.2.10.5 Major Consumers
11.2.10.6 Revenue from POI
11.2.10.7 Technological Innovation and Sustainability
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Jet Kerosene Market: Key Industry Highlights, 2018 and 2032
2. Global Jet Kerosene Market Supply Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
3. Global Jet Kerosene Market Production Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
4. Global Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
5. Global Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6. Global Jet Kerosene Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7. Global Jet Kerosene Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8. North America Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
9. North America Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
10. North America Jet Kerosene Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11. North America Jet Kerosene Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12. Europe Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
13. Europe Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
14. Europe Jet Kerosene Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15. Europe Jet Kerosene Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16. Asia Pacific Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
17. Asia Pacific Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18. Asia Pacific Jet Kerosene Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19. Asia Pacific Jet Kerosene Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20. Latin America Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
21. Latin America Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
22. Latin America Jet Kerosene Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23. Latin America Jet Kerosene Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24. Middle East and Africa Jet Kerosene Market Demand Analysis: Breakup by Type (Thousand Tonnes), 2018-2032
25. Middle East and Africa Jet Kerosene Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
26. Middle East and Africa Jet Kerosene Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27. Middle East and Africa Jet Kerosene Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28. Global Jet Kerosene Market Structure
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