+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Jet Fuel Market Size, Analysis, Share - Segmented by Fuel Grade (Jet A-1, Jet A, Jet B), End-User Application (Commercial Aircraft, Military Aircraft, Business Aircraft), and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622659
  • Report
  • Region: Global
  • 140 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • Bharat Petroleum Corp Ltd
  • BP p.l.c
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Gazprom Neft PJSC
  • Qatar Jet Fuel Company
  • MORE

Jet Fuel Market
The jet fuel is a type of aviation fuel and one of the major petroleum products produced from processing crude oil in a petroleum refinery. The jet fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. Demand for air travel is expected to double in the next two decades and grow by almost 4% every year. The strong economic growth in the emerging countries such as China and India and an expanding middle class in the Asia-Pacific region is expected to boost the total number of passengers resulting in growth for jet fuel market. Similar to the consumer demand for road transport, growth for air travel is expected to be fueled by the emerging markets such as China, Japan and India. Asia-Pacific holds a major share in the jet fuel market followed by Europe and North America regions.

Increase in the Air Passenger Number Driving the Jet Fuel Market
Demand for jet fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of 8.8% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for jet fuel, which has been one of the strongest performers among transportation fuels in recent years. Jet fuel market is expected to witness a high growth rate with increased aviation travel and limited substitutes in this market. The International Energy Agency in its New Policies Scenario has stated that the demand for jet fuel is expected to rise more than 50% to above 9 million barrels per day by 2040.

Asia-Pacific Holds the Larhest Share in Jet Fuel Market
Asia-Pacific has emerged as one of the largest jet fuel markets in the recent years. With the rise in urbanization and increasing disposable incomes in the emerging economies across the region has resulted in the growth of air passengers in this region. Driven by changing demographic trends, Asia-Pacific increasing investments in transportation and manufacturing infrastructure is expected to boost the demand for jet fuel. Countries such as China, India, and Indonesia are expected to be the fastest growing markets in terms of annual additional passengers by 2036. With China’s economy shifting towards a more service- and consumption-driven model, the medium term demand for air freight is expected to increase in the coming years. These are some of the significant factors contributing to the growth of jet fuel market during the forecast period.

Passenger Aircraft– A Huge Market Potential
Due to the sharp increase in economic growth and disposable incomes in emerging countries demand for air travel is expected to double in the next two decades and grow almost by 4% each year. In 2017, approximately 3.97 billion passengers traveled by passenger aircrafts, and every year, more than half of the world’s tourists who cross international borders choose to go by air. This has generated a global revenue to the value of USD 534 billion in 2017. As international travel has become more accessible, the global tourist arrival count has greatly increased 1.24 billion in 2016. Increasing the number of flights performed and the number of low-cost carriers in countries such as China and India have accounted for more than 10% of the total aviation market in these countries.

Key Developments in the Jet Fuel Market
Nov, 2017: Shell aviation announced that it has signed a fuelling concession agreement to operate the new into-plane and fuel farm facilities as the sole jet fuel supplier at Salalah International Airport in Oman.

Jet Fuel Market Major Players

  • Exxon Mobil Corporation
  • Qatar Jet Fuel Company
  • Bharat Petroleum Corp Ltd
  • BP p.l.c
  • Chevron Corporation
  • Royal Dutch Shell Plc
  • Vitol
  • Allied Aviation Services, Inc.
  • Valero Marketing and Supply
  • Gazprom Neft PJSC

Reasons to Purchase Jet Fuel Market Report

  • Current and future jet fuel market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market share, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)

Customize Jet Fuel Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Bharat Petroleum Corp Ltd
  • BP p.l.c
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Gazprom Neft PJSC
  • Qatar Jet Fuel Company
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2. Executive Summary

3. Jet Fuel Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Price Analysis
3.4 Patent Analysis
3.5 Technological Snapshot

4. Market Dynamics
4.1 Jet Fuel Market Drivers
4.2 Jet Fuel Market Restraints
4.3 Jet Fuel Market Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 Jet Fuel Market By Fuel Grade
5.1.1 Jet A-1
5.1.2 Jet A
5.1.3 Jet B
5.1.4 Other Grades
5.2 Jet Fuel Market By End-User Application
5.2.1 Commercial Aircraft
5.2.1.1 Passenger Aircraft
5.2.1.2 Cargo Aircraft
5.2.2 Military Aircraft
5.2.3 Business Aircraft

6. Regional Market Analysis (Market Size and Demand Forecast until 2023)
6.1 North America Jet Fuel Market Size (2018-2023)
6.1.1 United States Jet Fuel Market Size (2018-2023)
6.1.2 Canada Jet Fuel Market Size (2018-2023)
6.1.3 Mexico Jet Fuel Market Size (2018-2023)
6.1.4 Rest of North America
6.2 Europe Jet Fuel Market Size (2018-2023)
6.2.1 Germany Jet Fuel Market Size (2018-2023)
6.2.2 United Kingdom Jet Fuel Market Size (2018-2023)
6.2.3 France Jet Fuel Market Size (2018-2023)
6.2.4 Spain Jet Fuel Market Size (2018-2023)
6.2.5 Denmark Jet Fuel Market Size (2018-2023)
6.2.6 Italy Jet Fuel Market Size (2018-2023)
6.2.7 Rest of Europe
6.3 South America Jet Fuel Market Size (2018-2023)
6.3.1 Brazil Jet Fuel Market Size (2018-2023)
6.3.2 Argentina Jet Fuel Market Size (2018-2023)
6.3.3 Rest of South America
6.4 Asia-Pacific Jet Fuel Market Size (2018-2023)
6.4.1 China Jet Fuel Market Size (2018-2023)
6.4.2 India Jet Fuel Market Size (2018-2023)
6.4.3 Japan Jet Fuel Market Size (2018-2023)
6.4.4 Australia & New Zealand Jet Fuel Market Size (2018-2023)
6.4.5 Rest of Asia-Pacific
6.5 Middle-East and Africa Jet Fuel Market Size (2018-2023)
6.5.1 Saudi Arabia Jet Fuel Market Size (2018-2023)
6.5.2 South Africa Jet Fuel Market Size (2018-2023)
6.5.3 Rest of Middle East and Africa

7. Jet Fuel Market Competitive Landscape
7.1 Mergers and Acquisitions
7.2 Joint Ventures, Collaborations, and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players

8. Jet Fuel Market Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
8.1 Exxon Mobil Corporation
8.2 Qatar Jet Fuel Company
8.3 Bharat Petroleum Corp Ltd
8.4 BP p.l.c
8.5 Chevron Corporation
8.6 Royal Dutch Shell Plc
8.7 Vitol
8.8 Allied Aviation Services, Inc.
8.9 Valero Marketing and Supply
8.10 Gazprom Neft PJSC
*List not Exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Exxon Mobil Corporation
  • Qatar Jet Fuel Company
  • Bharat Petroleum Corp Ltd
  • BP p.l.c
  • Chevron Corporation
  • Royal Dutch Shell Plc
  • Vitol
  • Allied Aviation Services Inc.
  • Valero Marketing and Supply
  • Gazprom Neft PJSC
Note: Product cover images may vary from those shown
Order Online - visit: https://www.researchandmarkets.com/reports/4622659
Adroll
adroll