Global Aviation Fuel Market Growth Analysis And Indications – Includes Aviation Fuel Market Share
The Business Research Company’s report goes into great detail on the aviation fuel market size and growth, aviation fuel market regional analysis, aviation fuel market competitive landscape, and other critical information needed to excel in the aviation fuel industry.
Major players in the aviation fuel market include British Petroleum (BP) P.L.C, Chevron Corporation, Exxon Mobil Corporation, PJSC Gazprom, Indian Oil Corporation Limited, Petróleo Brasileiro SA, Royal Dutch Shell Plc, Total SA, Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp, Sinopec Group, Oman Oil Company SAOC, Neste Oyj, and TotaEnergies SE.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global aviation fuel market size is expected to grow from $155.92 billion in 2021 to $179.85 billion in 2022 at a compound annual growth rate (CAGR) of 15.35%. The global aviation fuels market size is expected to reach $255.54 billion in 2026 at a CAGR of 9.18%.
North America was the largest region in the aviation fuel market in 2021.
The aviation fuel market consists of the sale of aviation fuel by entities (organizations, sole traders, and partnerships) that refer to a specialized petroleum-based fuel used for aircraft propulsion that runs on gas turbine engines. Aviation fuels are of a higher quality than fuels that are used in less critical applications for example for heating or road transport.
The rise in air transportation across the globe is driving the growth of the aviation fuel market.
Biofuel that can significantly reduce carbon emissions is an emerging trend in the aviation fuel market. Biofuel refers to a renewable energy source derived from microbial, plant, or animal materials. The various types of biofuel include ethanol made from corn and sugarcane, biodiesel made from vegetable oils and liquid animal fats, green diesel made from algae and other plant sources, and biogas which is methane derived from animal manure and other digested organic material. The biofuels that are derived from grasses and plants can mitigate global warming by reducing carbon emissions. Aviation fuel companies are increasingly investing in the production of biofuels to offer sustainable and emission free fuel to aerospace companies.
TBRC’s global aviation fuel market report is segmented:
By Fuel Type: Jet A, Jet A1, Jet B, JP 5, JP 8, Avgas, Biofuel
By Grade: Jet Fuel, Aviation Gasoline, Biokerosene
By End-Use: Commercial, Military, Private, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Aviation Fuel Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the aviation fuel market globally and regionally, analyzes and forecasts market size, share, aviation fuel market players, aviation fuel market segments, leading competitor revenues, profiles and market shares.
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