Aviation Fuel Market Global Opportunity Analysis

 

Market Overview:

Aviation Fuel Market is projected to grow USD 4.30 Billion at a CAGR 6% by 2020-2030

The growth of the global aviation fuel market can be attributed to an increase in air passenger traffic fuelling the demand for new aircraft. Moreover, the rising demand for alternative fuels is expected to encourage market growth.

Key Players:

The key players in the global aviation fuel market are Air BP Limited (UK), World Energy (US), Chevron Corporation (US), Exxon Mobil Corporation (US), Gazprom Neft PJSC (Russia), Honeywell International Inc. (US), Indian Oil Corporation Ltd. (India), Shell International BV (Netherlands), Total (France), and SkyNRG (Netherlands).

Market Segmentation:

The Global Aviation Fuel Market has been segmented based on fuel type and application.

By fuel type, the global aviation fuel market has been classified as jet fuel, avgas, biofuel, CNG, LNG, and others. The jet fuel segment accounted for the largest market share of 54.29% in 2018, with a market value of USD 162.7 billion; it is expected to register a CAGR of 4.37% during the forecast period. Jet fuel has a high octane rating that offers high engine output, thus encouraging market growth during the forecast period. The avgas segment was the second-largest market in 2018, valued at USD 65.1 billion; it is projected to register the highest CAGR of 6.84%.


Based on application, the global aviation fuel market has been segmented into commercial, military, and others. The commercial segment was valued at USD 268.56 billion in 2018; it is expected to register a CAGR of 4.87% during the forecast period. Commercial aircraft offer speedy transportation and can be used for rescue operations during earthquakes, accidents, and floods. Jet fuel A and A-1 are used in commercial aircraft. The rise in commercial air transport and stringent government regulations regarding aviation fuel specifications are driving the demand for aviation fuel. The military segment is projected to register the highest CAGR of 8.49% during the forecast period.

Regional Analysis:

The global aviation fuel market has been segmented, by region, into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. The North American market was the largest with a value of USD 501.6 billion in 2018. This is due to the presence of key players such as Honeywell International Inc. The market in North America is expected to reach USD 745.3 Billion by 2025 at a CAGR of 3.34% during the forecast period. Europe is expected to be the second-largest market during the forecast period. The regional market is expected to reach USD 553.6 billion by 2025 at a CAGR of 3.51%, while Asia-Pacific is projected to be the third-largest market during the review period. The market in Asia-Pacific is expected to reach USD 551.0 billion by 2025 at a CAGR of 4.89% during the review period.

Industry News:


In January 2019, SkyNRG signed a contract with World Energy and AEG Fuels to provide sustainable aviation fuel to Bombardier Business Aircraft. The contract enabled SkyNRG to strengthen its customer base.

In June 2018, Air BP Limited expanded its network in Africa by adding six airports to its network. The airports are located in Ivory Coast, Morocco, Cape Verde, and Mauritius.

Full report @ https://www.marketresearchfuture.com/reports/aviation-fuel-market-8418

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Related reports:

Fuel Additives Market Research Report Information By Type (Deposit Contro, Cetane & Octane Boosters, Lubricity Improvisers, Clod Flow Improvers, Others) Fuel Type (Diesel, Gasoline, Aviation Fuel, Others) Application (Passenger Vehicles, Commercial Vehical, Off-Highway Equipment, Aircraft, Marine Vessels, Industrial, Other) Forecast till 2025

Aviation Alternative Fuel Market Research Report: Information by Fuel Type {Biofuel [Hydroprocessed Esters and Fatty Acids (HEFA), Hydrogenated Pyrolysis Oils (HPO), Fischer-Tropsch (FT) and Synthesized Iso-Paraffinic (SIP)], CNG, LPG and Others}, Process (Coal Liquefaction and Gas Liquefaction), Application (Commercial and Military) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Helicopter Lighting Industry, Trends Of Market, Statistics and Information Overview By 2027

  Market Overview: The helicopter lighting industry is estimated to register a CAGR of more than 3% during the forecast period by 2027. The main source of lighting for rotary-wing aircraft is the lighting system of the helicopter. It accomplishes two key goals. The internal lighting illuminates the instruments, equipment, and cabins at night while the exterior lighting provides illumination for navigation, signalling, landing, search and rescue, and anti-collision. Additionally, there is a HEELS (helicopter emergency egress lighting system) within the cabin, which facilitates evacuation in an emergency. Most of the external illumination is required for safe operation in helicopters by a number of organisations, including the FAA. Meanwhile, the military helicopter lighting market CAGR is somewhat constrained by reductions in defence spending, particularly in industrialised nations. However, the industry has bright prospects for expansion due to the growing usage of helico...
Read more

Small Arms Industry Research, Trend, Overview Share, Size 2030

  Market overview: Small arms industry Size is estimated to reach USD 8.6 Billion by 2030, registering a CAGR of 4% during 2020-2030. The global small arms industry has been segmented based on type, barrel, operation, end-user, and region. By small arms market share the industry is divided into handguns, shotguns, machine guns, and rifles & others. The handguns segment is further divided into pistols and revolvers. The rifles segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period owing to the increasing civilian procurement of rifles for hunting and sporting activities. Furthermore, sniper and assault rifles are widely being procured by military and law enforcement agencies, for combat against terrorism, armed violence, and disrupting other criminal activities. Key Players The key players in the global small arms industry are Accuracy International Ltd. (UK), American Outdoor Brands Corpora...
Read more

Aerospace Composites Market Manufactures Data Spotlight, Segmentation And Supply By 2028

  Market Overview : Aerospace composites market manufactures Size is estimated to reach USD 64.51 Billion by 2028, registering a CAGR of 13.77% during 2021-2028 Composite materials hold a huge range of applications being used in numerous contexts. Global aerospace composites manufacturing is mainly powered by the growing aircraft industry. Their characteristic of maintaining their own identity and merging absolutely is one of the prime advantages of composite materials. Upon blending, the materials develop a hybrid enriched with advanced structural characteristics. These characteristics can be handy for development of aerospace segments. Being highly used for frames, interior, etc., make it highly useful from market perspectives. Characteristics of composite materials likeability to endure superior temperature, stress, shock, etc., make international aerospace  composite material market overview   highly established. It is here to note in this context is that aroun...
Read more