Aviation Fuel Market Overview
Aviation fuels are petroleum-based fuels, or petroleum and synthetic fuel blends used to power aircraft. The global Aviation Fuel market is projected to rise at a considerable rate in the forecast period. Because of the high growth in air passengers in developing nations such as the Asia Pacific, the global aviation fuel market is likely to expand significantly. The market is being propelled by an increase in revenue passenger kilometers during the last few years. The increased capacity of passenger airlines in many developing regions has resulted in a major growth in aviation fuel demand. The market is being driven by a shift toward more cost-effective aviation fuels and fuels with lower carbon footprints.
Furthermore, the increase in middle-class spending power in emerging economies is a major factor that boosting the growth of the aviation fuel market. The recent liberalization of the aviation sector as a result of positive regulatory thrusts bodes well for the aviation fuel business. Moreover, regulatory bodies' increased focus on biofuel use is also a crucial driver driving the market forward. In the foreseeable future, new passenger aircraft production in developing nations is projected to produce new demand dynamics. However, rising jet fuel prices are expected to make it difficult for airlines to maintain high levels of air passenger traffic in the coming years.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Type, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Hindustan Petroleum, Gazprom, Exxon Mobil, Royal Dutch Shell Plc., Qatar Jet Fuel Company, Total SA, Chevron Corporation, British Petroleum, Vitol, China Aviation Oil. |
Covid-19 Impact on Aviation Fuel Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Aviation Fuel Market Segment Overview
Based on Product, the Air Turbine Fuel segment is anticipated to account for a significant share of the global Aviation Fuel market during the forecast period. It is estimated that the avgas segment is also growing at the fastest rate in the coming years. Similarly, the Aviation Biofuel segment is expected to enlarge at a rapid pace during the forecast period, owing to the development of the renewable fuels market around the world. By application, the Civil segment is projected to increase at a rapid pace in the forecast period. The military segment is expected to increase at a considerable rate during the forecast period, owing to the growth of the defense industry across the world.
Aviation Fuel Market, By Product Type
· Air Turbine Fuel
· Aviation Biofuel
· Avgas
· Others
Aviation Fuel Market, By Application
· Civil
· Military
· Private
· Others
Aviation Fuel Market Regional Overview
Geographically, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. However, due to increasing investment in transportation infrastructure across the area in recent years, the aviation fuel market in the Asia Pacific is expected to grow at a quick pace. In the foreseeable future, China, Indonesia, and India are projected to have a lot of opportunities. In several emerging countries, rising demand for air freight is expected to keep the outlook favorable. These countries will also profit from the decrease in the cost of international travel.
Aviation Fuel Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aviation Fuel Market, Key Players
· Hindustan Petroleum
· Gazprom
· Exxon Mobil
· Royal Dutch Shell Plc.
· Qatar Jet Fuel Company
· Total SA
· Chevron Corporation
· British Petroleum
· Vitol
· China Aviation Oil
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Aviation Fuel market?
The increased capacity of passenger airlines in many developing regions, the increase in middle-class spending power in emerging economies, and the increase in focus by regulatory agencies on the adoption of biofuels are some key factors that propel the growth of the Aviation Fuel market.
Q2. Which Segments are covered in the Aviation Fuel market report?
Product Type, Application, and Region these segments are covered in the Aviation Fuel market report.
Q3. Which segment is projected to hold the largest share in the Aviation Fuel Market. ?
Air Turbine Fuel segment is projected to hold the largest share in the Aviation Fuel Market.
Q4. Which region holds the largest share in the Aviation Fuel market?
North America held the largest share in the global Aviation Fuel market
Q5. Which are the prominent players in the Aviation Fuel Market?
Hindustan Petroleum, Gazprom, Exxon Mobil, Royal Dutch Shell Plc., Qatar Jet Fuel Company, Total SA, Chevron Corporation, British Petroleum, Vitol, China Aviation Oil. are some key players in the Aviation Fuel Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aviation Fuel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Air Turbine Fuel
- 5.2.2. Aviation Biofuel
- 5.2.3. Avgas
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Civil
- 5.3.2. Military
- 5.3.3. Private
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Aviation Fuel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Air Turbine Fuel
- 6.2.2. Aviation Biofuel
- 6.2.3. Avgas
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Civil
- 6.3.2. Military
- 6.3.3. Private
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Aviation Fuel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Air Turbine Fuel
- 7.2.2. Aviation Biofuel
- 7.2.3. Avgas
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Civil
- 7.3.2. Military
- 7.3.3. Private
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Aviation Fuel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Air Turbine Fuel
- 8.2.2. Aviation Biofuel
- 8.2.3. Avgas
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Civil
- 8.3.2. Military
- 8.3.3. Private
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Aviation Fuel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Air Turbine Fuel
- 9.2.2. Aviation Biofuel
- 9.2.3. Avgas
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Civil
- 9.3.2. Military
- 9.3.3. Private
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Hindustan Petroleum
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Gazprom
- 10.6. Exxon Mobil
- 10.7. Royal Dutch Shell Plc.
- 10.8. Qatar Jet Fuel Company
- 10.9. Total SA
- 10.10. Chevron Corporation
- 10.11. British Petroleum
- 10.12. Vitol
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
