The global aviation fuel market size reached US$ 305.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 404.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028. The increasing number of air passengers, rising changes in airline operations, and the burgeoning aviation industry represent some of the key factors driving the market.
Aviation fuel is a highly refined petroleum-based fuel designed to provide high energy output with minimal emissions. It has a higher energy content with high energy density, which allows aircraft to travel long distances at high speeds. It is treated with additives, including antioxidants, antistatic agents, and corrosion inhibitors, to improve its performance and safety. It offers benefits to aircraft, such as stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and prevents the risk of explosion. It is stored and transported using specialized equipment to ensure its safe use in aircraft for preventing leaks and minimize the risk of fire.
Aviation fuel is a highly refined petroleum-based fuel designed to provide high energy output with minimal emissions. It has a higher energy content with high energy density, which allows aircraft to travel long distances at high speeds. It is treated with additives, including antioxidants, antistatic agents, and corrosion inhibitors, to improve its performance and safety. It offers benefits to aircraft, such as stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and prevents the risk of explosion. It is stored and transported using specialized equipment to ensure its safe use in aircraft for preventing leaks and minimize the risk of fire.
Aviation Fuel Market Trends:
The increasing number of air passengers worldwide, rising commercial air traffic, and significant growth in the aviation industry are among the major factors driving the demand for aviation fuel around the world. Moreover, the growing changes in airline operations, such as scheduling, fleet size, and route networks, are influencing the market positively. In addition, there is an increase in the incidences of cross-border terrorist activities and illegal trespassing, and rising investments in the defense and military industries. This, coupled with the rising use of the aviation fuel to facilitate surveillance in remote areas on account of their numerous advantages, like landing in difficult and compact areas, is favoring the growth of the market. Furthermore, there is a growing use of aviation fuel due to the rising use of aircraft in areas that are prone to windstorms, tornadoes, hurricanes, and other severe weather conditions for providing humanitarian relief. This, along with their increasing usage in transporting ambulatory patients during aeromedical evacuations, is strengthening the growth of the market. Apart from this, key players are introducing sustainable aviation fuel (SAF) that is made from renewable feedstock, such as waste oils, plant oils, and agricultural residues, to minimize greenhouse gas emissions. They are also focusing on launching biofuels that are produced from biological materials, such as plants, algae, and waste biomass, to improve the sustainability of the industry. Additionally, the growing demand for air freight as it is the fastest way of transporting goods internationally is creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global aviation fuel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fuel, aircraft and end use.Fuel Insights:
- Jet A
- Jet A1
- Jet B
- JP 5
- JP 8
- Avgas
- Biofuel
Aircraft Insights:
- Fixed Wings
- Rotorcraft
- Others
End Use Insights:
- Commercial
- Military
- Private
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global aviation fuel market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Abu Dhabi National Oil Company, Bharat Petroleum Corp. Ltd., BP plc, Chevron Corporation, China Aviation Oil (Singapore) Corporation Ltd, Exxon Mobil Corporation, Indian Oil Corporation Ltd., Neste Oyj, Oman Oil Marketing Company SAOG, Petróleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE, Vitol, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global aviation fuel market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global aviation fuel market?
- What is the impact of each driver, restraint, and opportunity on the global aviation fuel market?
- What are the key regional markets?
- Which countries represent the most attractive aviation fuel market?
- What is the breakup of the market based on the fuel?
- Which is the most attractive fuel in the aviation fuel market?
- What is the breakup of the market based on the aircraft?
- Which is the most attractive aircraft in the aviation fuel market?
- What is the breakup of the market based on end use?
- Which is the most attractive end use in the aviation fuel market?
- What is the competitive structure of the global aviation fuel market?
- Who are the key players/companies in the global aviation fuel market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aviation Fuel Market
6 Market Breakup by Fuel
7 Market Breakup by Aircraft
8 Market Breakup by End Use
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Abu Dhabi National Oil Company
- Bharat Petroleum Corp. Ltd.
- BP plc
- Chevron Corporation
- China Aviation Oil (Singapore) Corporation Ltd
- Exxon Mobil Corporation
- Indian Oil Corporation Ltd.
- Neste Oyj
- Oman Oil Marketing Company SAOG
- Petróleo Brasileiro S.A. (Petrobras)
- Shell plc
- TotalEnergies SE
- Vitol
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 305.3 Billion |
| Forecasted Market Value ( USD | $ 404.5 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
