The global aviation fuel market size was estimated to be US$ 315 billion in 2020 and is estimated to reach US$ 500 billion by 2031 at a CAGR of 4.2%.
Aviation fuel alludes to a sort of petroleum-based or kerosene-based fuel deployed in the working of an airplane. The aviation fuel has practically efficient quality when compared to fuels utilized in discrete other methods of transportation. They are delivered in various premixes of petroleum fuel, petroleum oil gas, petroleum oil biofuel, and others.
The admixtures / fills used in flying decline the peril of ice formation or impact due to high temperature terrains, which is gained by conjoining a couple of added substances like corrosion inhibitors along with others. Unpredictable fluctuations in unrefined petroleum costs combined with the approach of smart, electric, and increased electric airplanes may hamper the aviation fuel market demand during forecast period of 2023-2032. Additionally, intricacies related with unrefined petroleum refining and extraction along international issues may additionally contribute towards expanding costs and as a result influencing the market value.
The increment in demand from military area and rise in air transportation are relied upon to be main aspects adding to the market development. In the meantime, biofuels that can essentially diminish fossil fuel issues along with originating sustainable aviation fuel (SAF) that are under research and improvement, offers worthwhile possibilities for expansion of aviation fuel industry development during 2023-2032.
These fuels contribute essentially towards diminishing ecological contamination and further acquiring proficiency. Decisive industry players from across the globe are ceaselessly lending a helping hand for commercializing the fuel. Asia-Pacific is the quickest developing aviation fuel markets during the forecast period, with the acclivity in urbanization and expanding dispensable earnings in the developing economies across the district has brought about the development of air travelers from this province.
Global Aviation Fuel Market Value Share Analysis, by Geography (2022)
The report titled “Global Aviation Fuel Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Aviation Fuel Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Aviation Fuel market is segmented based on fuel type, aircraft type, end user, and region. Based on Fuel type, the Aviation Fuel market is segmented into jet A, jet A1, jet B, JP 5, JP 8, avgas, biofuels and others. Based on aircraft type, the Aviation Fuel market is segmented into fixed wings, rotorcraft, and others. Based on end user type, the Aviation Fuel market is segmented into civil, military, private, and sports & recreational, and others.
Based on geography, the Global Aviation Fuel Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Aviation Fuel Market. Further, market share of prominent companies in the Global Aviation Fuel Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Aviation Fuel companies. The Global Aviation Fuel Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Aviation Fuel business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Aviation Fuel Market.
The key players of the Global Aviation Fuel Market are Bp p.l.c., Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited, Petrobras, Royal Dutch Shell plc, Sinopec Group, Total SA, and Oman Oil Company SAOC., and others.
Global Aviation Fuel Market Key Segments:
Based on Fuel type
Based on Aircraft type
Based on End user Type
By Region
Based on Fuel type
Based on Aircraft type
Based on End user Type
By Region
The global Aviation Fuel market was worth US$ 315 billion in 2020.
The global market for Aviation Fuel will most likely expand at over 4.2% CAGR through 2032.
Major players operating in the global Aviation Fuel market include Bp p.l.c., Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited, Petrobras, Royal Dutch Shell plc, Sinopec Group, Total SA, and Oman Oil Company SAOC.
Asia-Pacific is the principal contributor to the global Aviation Fuel market.
Unpredictable fluctuations in unrefined petroleum costs combined with the approach of smart, electric, and increased electric airplanes may hamper the aviation fuel market demand during forecast period
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