Renewable Aviation Fuel Sector is Expected to Dominate the Global Military Jet Fuel Market

The growing expenditure in the defense sector as the security threats intensified is major factor attributable to the growth of the market.

According to TechSci Research report, “Global Military Jet Fuel Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Military Jet Fuel is anticipated to project robust growth in the forecast period with a CAGR of 3.29% through 2028, the growing expenditure in the defense sector as the security threats intensified, requiring governments worldwide to continue increasing their defense budgets, in turn, are expected to drive the military jet fuel market.

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Based on fuel type, Renewable Aviation Fuel segment is expected to dominate the market during the forecast period. Renewable Aviation Fuel (RAF), often called Sustainable Aviation Fuel (SAF), is a clean substitute for fossil jet fuels. SAF is produced from sustainable resources, such as waste oils from a biological origin, agriculture residues, or non-fossil CO2. RAF is a drop-in fuel, which means that it can be blended with fossil jet fuel and that the blended fuel requires no special infrastructure or equipment changes. The first flight, which used blended biofuel, began in 2008, and over 370,000 flights have taken to the skies using RAF since 2016.

The aviation industry is one of the world’s biggest carbon emitters, and this carbon emitted at higher altitudes is potentially more harmful than sea level emissions. The industry is constantly trying to reduce its emissions, and advanced biofuels are a viable option that is a ‘drop-in’ solution, i.e., it can be used by the existing infrastructure. Governments across the globe are implementing aviation rules and policies to reduce their carbon footprint. For instance, flights entering the European Union must pay for CO2 emissions due to the EU Emission Trading System (ETS) since 2012. Sustainable aviation fuels are currently being discussed as an important way to reduce aviation's greenhouse gas emissions. Consequently, this drive for upgrades and modernization results in a higher need for jet fuel as these enhancements effectively extend the operational life span of the fighter aircraft.

Hence, such increasing development in the aviation fuel sector and the need to cut carbon emissions are expected to drive the renewable aviation fuel market in the defense sector during the forecast period.

Based on Region, Asia Pacific plays a significant role in the global Military Jet Fuel market, The Asia-Pacific region is the largest consumer of jet fuel, consisting of several massive consumers, such as China, India, Japan, South Korea, and Australia. These countries also lead in terms of jet fuel consumption in military consumption. As the region with the largest population globally, Asia-Pacific has several unresolved and frozen conflicts spread across sensitive hotspots, which can become the focal point of large conflicts.

The tensions in the region have been further flared by China’s rising military prowess and aggression toward its neighbors, especially in the maritime South China Sea region. Hence, countries in the region have become wary of each other’s intentions, and to protect their interests, the countries have been investing heavily in the modernization and expansion of their armed forces, including military aircraft. Such factors are expected to drive military expenditure, which is expected to expand the size of aircraft fleets, driving jet fuel consumption during the forecast period.

China is the largest energy consumer and one of the largest producers and consumers of jet fuel globally. The country has one of the largest aircraft fleets. According to the World Directory of Modern Military Aircraft (WDMMA), as of 2023, the cumulative number of Chinese military aircraft stands at nearly 3,377 units, with the Chinese Air Force consisting of 2,084 units, the Army Air Force at 857 units, and the Naval Air Force at 436 units. For instance, in July 2023, the Defense Ministry of India granted preliminary approval to acquire 26 Rafale fighter jets intended for the Indian Navy. The proposed deal encompasses the purchase of 26 Dassault Aviation Rafale fighter jets, which includes four trainer aircraft to enhance operational capabilities.

Therefore, owing to the above factors, Asia-Pacifc and in particular the China and India, are expected to be the largest market during the forecast period.

Key market players in the Global Military Jet Fuel Market are following:-

• Shell PLC
• BP PLC
• Honeywell International Inc.
• Repsol SA
• GS Caltex Corporation
• Chevron Corporation
• Totalenergies SE
• Exxonmobil Corporation  

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“The global Military Jet Fuel Market is primarily driven by geopolitical tensions, military modernization efforts, and technological advancements. Geopolitical tensions can increase military spending and the demand for jet fuel. Modernization efforts lead to the acquisition of advanced aircraft, while technological advancements improve fuel efficiency. Additionally, environmental regulations are pushing the development of alternative, eco-friendly fuels. Energy security concerns, supply chain stability, and cost considerations also influence the market. These drivers collectively shape the demand for jet fuel in the military sector, impacting procurement strategies and the development of more efficient and sustainable fuel solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Military Jet Fuel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by fuel type (air turbine fuel and renewable aviation fuel), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Military Jet Fuel Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Military Jet Fuel Market.

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