China Aviation Fuel Market
China Aviation Fuel Market Research Report By Fuel Type (Jet A, Jet A-1, Jet B, Avgas, Sustainable Aviation Fuel), By End Use (Commercial Aviation, Military Aviation, General Aviation), By Distribution Channel (Direct Sales, Distributors, Retailers) and By Application (Cargo Transportation, Passenger Flights, Charter Services)- Forecast to 2035
Industry Developments
Recent developments in the China Aviation Fuel Market have been significant, particularly with companies like Sinopec Limited and China National Aviation Fuel Group benefiting from increased demand post-pandemic. The growth in air travel has prompted refiners such as PetroChina Company Limited and China Petroleum and Chemical Corporation to enhance production capabilities, reflecting the market's rebound.
Notably, in September 2023, a merger was publicly reported between Beijing Fuel Supply Company and Shandong Aviation Fuel Co., Ltd aimed at improving supply chain efficiencies amidst rising aviation fuel prices. Hainan Airlines and China Southern Airlines have expanded their operations to meet growing passenger demand, solidifying their positions in the market.
Over the last few years, the sector has seen substantial investment in infrastructure, including a significant expansion announced by China National Offshore Oil Corporation in early 2022, further establishing its footprint. The projected growth in airline capacity and regional connectivity is expected to impact major players, enabling them to adapt to evolving market dynamics. The valuation of the aviation fuel market is increasingly influenced by geopolitical tensions and regulatory changes, reflecting China's ongoing commitment to developing a robust aviation sector.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 26.24(USD Billion) |
| MARKET SIZE 2024 | 29.76(USD Billion) |
| MARKET SIZE 2035 | 113.25(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 12.919% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Shandong Aviation Fuel Co., Ltd., Sinopec Limited, China Southern Airlines, China Eastern Airlines, Beijing Fuel Supply Company, China National Offshore Oil Corporation, China National Aviation Fuel Group, China Petroleum & Chemical Corporation, Hainan Airlines, PetroChina Company Limited, Air China Limited, China National Petroleum Corporation |
| SEGMENTS COVERED | Fuel Type, End Use, Distribution Channel, Application |
| KEY MARKET OPPORTUNITIES | Increasing air travel demand, Investment in renewable fuels, Expansion of airport infrastructure, Growing focus on fuel efficiency, Advancements in fuel technology |
| KEY MARKET DYNAMICS | Growing air travel demand, Government regulations impact, Environmental sustainability focus, Geopolitical tensions influence supply, Technological advancements in fuel efficiency |
| COUNTRIES COVERED | China |
FAQs
What is the projected market size of the China Aviation Fuel Market in 2024?
The China Aviation Fuel Market is expected to be valued at 29.76 billion USD in 2024.
What will be the estimated value of the China Aviation Fuel Market by 2035?
By 2035, the China Aviation Fuel Market is expected to reach approximately 113.25 billion USD.
What is the expected CAGR for the China Aviation Fuel Market from 2025 to 2035?
The market is anticipated to grow at a CAGR of 12.919 percent during the period from 2025 to 2035.
Who are the major competitors in the China Aviation Fuel Market?
Key players in the market include Shandong Aviation Fuel Co., Ltd., Sinopec Limited, and China National Aviation Fuel Group among others.
What is the market value of Jet A fuel type in 2024?
The Jet A fuel type is valued at 10.0 billion USD in the year 2024.
What will be the market value of Jet A-1 fuel type by 2035?
By 2035, the Jet A-1 fuel type is expected to be valued at 38.0 billion USD.
What are the expected market values for Sustainable Aviation Fuel in 2024 and 2035?
In 2024, Sustainable Aviation Fuel is valued at 5.0 billion USD and is projected to reach 14.75 billion USD by 2035.
What is the estimated market value of Avgas in 2024?
The value of Avgas in the year 2024 is estimated at 2.26 billion USD.
How does the demand for aviation fuel segment vary during the forecast period?
Each fuel type segment, including Jet B and Avgas, shows projected substantial growth over the forecast period from 2025 to 2035.
What impact do current market trends have on the growth of the China Aviation Fuel Market?
Emerging trends in sustainable aviation fuels and increasing air travel demand are significant drivers for market growth.
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