Aviation Fuel Market size was valued at US$ 90.75 Bn. in 2021 and the total Aviation Fuel revenue is expected to grow by 16.5% from 2022 to 2029, reaching nearly US$ 307.93 Bn.
Aviation Fuel Market Overview:
Maximize Market Research's new report, Global Aviation Fuel Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Aviation Fuel market.
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Aviation Fuel Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Aviation Fuel market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Aviation Fuel market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Aviation Fuel Market Segmentation:
Throughout the forecast period, the commercial aircraft category is anticipated to increase at a CAGR of 8.3% by End-User. The aviation fuel sector is anticipated to be dominated by commercial aircraft, which are projected to generate approximately USD 145 billion by 2029 as international air passenger traffic increases. Expanded transit routes and growing living standards are driving the segment share. In order to fulfill the rising demand, aircraft manufacturers are also focusing on producing more aircraft, which provides a positive picture of the aviation fuel market's sales.
There is a growing demand in the aerospace industry for aircraft such as the B737 and B787. Air travel propensity increases with disposable income. Growing air traveler numbers in developing countries help to generate more income. The industry's stakeholders are focusing on using efficient engines and innovative design to reduce the weight of airplanes.
In 2017, for instance, the Association of Asia Pacific Airlines asserted that various airlines operating in the region carried approximately 1,200 million passengers and 20.5 million tons of cargo. The need for airplanes has increased due to the growing populations of nations like China and India as well as the availability of reasonably priced, well-maintained aircraft with low air travel costs.
1 Global Aviation Fuel Market, by Fuel Type (2021-2029)
• Air Turbine Fuel
• Aviation Biofuel
• AVGAS
2 Global Aviation Fuel Market, by End-User (2021-2029)
• Commercial
• Defense
• General Aviation
3 Global Aviation Fuel Market, by Aircraft Type (2021-2029)
• Fixed Wings
• Rotorcraft
• Others
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Aviation Fuel Market Key Players:
It then discusses the top competitors in the worldwide Aviation Fuel market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
• Exxon Mobil Corporation
• Chevron Corporation
• Shell Plc.
• TotalEnergies SE
• BP Plc
• Gazprom Neft' PAO
• Neste Oyj
• Swedish Biofuels AB
• Red Rock Biofuels LLC
• Abu Dhabi National Oil Company
• Bharat Petroleum Corp. Ltd.
• Indian Oil Corporation Ltd.
• Emirates National Oil Company
• Valero Energy Corporation
• Allied Aviation Services Inc.
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Regional Analysis:
The report has analyzed the global Aviation Fuel market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Aviation Fuel market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Aviation Fuel Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Aviation Fuel Market Report are:
- Which are the major companies in the Aviation Fuel market?
- Which is the potential market for Aviation Fuel in terms of the region?
- Which application area of Aviation Fuel is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Aviation Fuel market size by 2027?
- What are the growth prospects for the Aviation Fuel market?
- What is the base year considered in the Aviation Fuel market report?
- Which region holds the largest market share in the Aviation Fuel market?
- What factors are anticipated to drive the Aviation Fuel market?
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