Aviation Fuel Market Detailed Analysis of Current Scenario with Growth Forecasts to 2030 – CAGR of 9.3% during the forecast period
New Jersey, United States- The Market Research report 2023-2030 is an in-depth analysis of the Global Aviation Fuel Market. On the basis of historic growth analysis and the current scenario of the Aviation Fuel Market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate a deeper understanding of multiple aspects of the Global Aviation Fuel Market. This further helps users with their developmental strategy.
The Aviation Fuel Market is expected to grow from USD 351.85 Billion in 2022 to USD 654.79 Billion by 2030, with a CAGR of 9.3% during the forecast period.
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What Is The Aviation Fuel Market Overview?
Fuel for aviation is used to power planes. Crude oil is used to make all kinds of fuel. Jet fuel’s main job is to power an aero plane. The amount of energy in the fuel and how well it burns are two of its most important performance characteristics. Other important properties for performance include lubricity, stability, volatility, resistance to corrosion, and others. Fuel is not only used as a source of energy, but also as a hydraulic fluid in engine control systems and as a coolant for certain parts of the fuel system.
Aviation fuel is a type of fuel made from petroleum or kerosene that is used to run an aero plane. The fuel for aero planes is of higher quality than the fuel for cars or trains. They are made with different mixes of kerosene, gasoline, biofuel, and other things. By adding things like corrosion inhibitors and others to the fuels used in aviation, the risk of icing or explosions caused by high temperatures is reduced. Most military aircraft and commercial airlines use aviation fuel to get the most out of their fuel and lower their operating costs. As the aircraft industry grows, there is more competition in all areas that make aviation fuel for planes.
Who are the Top key players in the Aviation Fuel market?
Vitol (Switzerland), Exxon Mobil (U.S.), Chevron Corporation (U.S.), Shell Plc (U.K.), Indian Oil Corporation Limited (India), TotalEnergies SE (France), BP Plc (U.K.), Valero Energy Corporation (U.S.), Marathon Petroleum Corporation (U.S.), World Fuel Services Corporation (U.S.), Essar Oil (UK) Limited (U.K.), Bharat Petroleum Corporation Limited (India), Rosneft Deutschland GmbH (Germany), LUKOIL (Russia), China Aviation Oil (Singapore) Corporation Ltd (Singapore), Viva Energy Group (Australia), Q8Aviation (U.K.), PT Pertamina (Persero) (Indonesia), ADNOC (Abu Dhabi National Oil Company) Distribution (United Arab Emirates), Neste (Finland), and Others.
Competitive Landscape:
- In June 2022, American Express Global Business Travel (Amex GBT), Shell, and Accenture worked together to launch one of the world’s first digital SAF solutions for business travel that was based on blockchain. They have shown off Avelia, which is a carbon accounting system. Industry groups say it’s a good way to cut emissions. Avelia could let airlines and companies that use sustainable fuel record the benefits of reducing emissions through SAF against their voluntary ESG and report on it, no matter where in the world it is used in a flight.
- In September 2021, Royal Dutch Shell plc (Shell) made a final investment decision to build an 820,000-ton-per-year (TPA) biofuels facility at Shell Energy and Chemicals Park Rotterdam, Netherlands, which used to be called the Pernis Refinery. Once it’s built, the plant will be one of the biggest in Europe. It will make renewable fuel and renewable diesel from trash.
Which Is the Most potential Aviation Fuel market segment?
By Fuel Type
- Jet Fuel (Aviation Turbine Fuel)
- Aviation Gas
- Bio Jet Fuel
By End user
- Commercial
- Private
- Military
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Which Region Dominated The Aviation Fuel Market?
Asia-Pacific is currently quite accessible to foreign travelers and visitors, which is contributing to the region’s economic recovery. Despite the continued uncertainty of the economy, the demand for travel is thriving. There have been occasions when travel restrictions to certain significant Asian destinations have been lifted or relaxed. Due to the correlation between air travel and economic development, the presence of developing nations in the region is likely to increase air travel during the forecast period.
North America will have the second-highest growth rate between 2021 and 2029. During the period encompassed by the forecast, North America’s market is anticipated to expand at the second-fastest rate. According to the International Air Transport Association, North American airlines carried 203.4% more passengers in May 2022 compared to May 2021. As the majority of travel restrictions from this region were lifted, tourism and a strong desire to travel sustained the global recovery.
Additionally, Europe is anticipated to hold a substantial share of the market. According to the European Organization for the Safety of Air Navigation, the COVID-19 pandemic remained a significant threat to commercial flights in 2021. (Eurocontrol). The EU will transport 373 million passengers in 2021, which is 34.9% more than in 2020.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Aviation Fuel Market these regions, from 2020 to 2026 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
- Historical Years: 2017-2021
- Base Year: 2022
- Estimated Year: 2022
- Forecast Period: 2023-2030
What Is The Main Objective of the Report?
The Global Aviation Fuel market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The Aviation Fuel market report growth depends on product application, type, technology, and region. An extended view of regional analysis aims to bring readers closer to market opportunities and risks. It also examines the economic scenarios with the impact of Covid-19 analysis is expected to grow the market on a large and small scale.
Strategic Points Covered in Table of Content of Aviation Fuel Market:
Chapter 1: Introduction
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Aviation Fuel Global Market segmentation
3.2. Aviation Fuel Global Market size and growth prospects, 2015 – 2026
3.3. Aviation Fuel Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Aviation Fuel Global Market Product Outlook
Chapter 5. Aviation Fuel Global Market Application Outlook
Chapter 6. Aviation Fuel Global Market Geography Outlook
6.1. Aviation Fuel Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Aviation Fuel Market 2022 -2030 estimates and forecast, by product
6.2.2. Aviation Fuel Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. the UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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