Aviation Turbine Fuel (ATF) Market Scope
Aviation turbine fuel (ATF) is a colorless, flammable liquid made from straight-run petroleum distillates. Its primary application is as a jet engine fuel. The most prevalent jet fuel in the world is JET A-1, a kerosene-based fuel. Aviation turbine gasoline must be clear, straw to amber colored, and acceptable for use in an aviation turbine engine. Aviation fuel includes any gasoline or other liquid fuel, regardless of name, compounded for use in and sold for use in aircraft, including but not limited to any gasoline or liquid fuel meeting or exceeding the minimum specifications prescribed by the United States for use by its military forces in aircraft.
|Unit||Value (USD Million)|
|Key Companies Profiled||Bp p.l.c. (United Kingdom), Chevron Corporation (United States), Exxon Mobil Corporation (United States), Gazprom (Russia), Indian Oil Corporation Limited (India), Petrobras (Brazil), Royal Dutch Shell plc (United Kingdom), Sinopec Group (China), Total SA (France) and Oman Oil Company SAOC. (Oman)|
The worldwide market is the next most desired industry for global economic growth. Aviation fuel is expected to play a vital role in providing the global rapid transportation network required for global commerce and tourism. Due to social, economic, tourism, political, and comprehensive commercial trading, air travel is expected to increase rapidly, accelerating global market growth. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aviation Turbine Fuel (ATF) market throughout the predicted period.
Bp p.l.c. (United Kingdom), Chevron Corporation (United States), Exxon Mobil Corporation (United States), Gazprom (Russia), Indian Oil Corporation Limited (India), Petrobras (Brazil), Royal Dutch Shell plc (United Kingdom), Sinopec Group (China), Total SA (France) and Oman Oil Company SAOC. (Oman) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Exxon Mobil Corp (United States), Shell PLC (United Kingdom), TotalEnergies SE (France) and Others.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Aviation Turbine Fuel (ATF) market by Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel and Gas to Liquid), by Application (Commercial, Defense and General Aviation) and Region with country level break-up.
On the basis of geography, the market of Aviation Turbine Fuel (ATF) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2020.
Market Leaders and their expansionary development strategiesOn 26th May 2022, Chevron Corporation (NYSE:CVX) today announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company’s objectives of higher returns and lower carbon.
On 16th May 2021, According to state-owned fuel retailer Indian Oil Corporation, aviation turbine fuel (ATF) prices in the national capital have increased by 5%, to Rs.1.23 lakh per kiloliter. Costs for aviation turbine fuel have risen by 63.5 percent since January 1, rising from Rs 73,024 per kiloliter to Rs 1.42 lakh per kiloliter.
Jet fuel prices were raised by 2% on Friday, marking the seventh consecutive increase this year and an all-time high, mirroring a rise in global energy prices. According to a price statement by state-owned fuel dealers, aviation turbine fuel, which helps planes fly, has been raised by Rs 2,258.54 per kilolitre, or 2%, to Rs 1,12,924.83 per kilolitre in the national capital.
- Asian Countries Are Today on a Fast Track to Achieving Progress in All Areas
- Global Usage of Kerosene-Based Fuel Was Estimated To Be 4787 Million Barrels per Day
- SAF's Drop-In Capability Raises the Necessity for Carbon Reduction
- Use the Airport Fuel Storage and Hydrant Systems, Saving Money on Infrastructure Costs
- Insufficient Feedstock and Refinery Availability to Meet SAF Production Requirement
- Because Of the Increased Capacity of Passenger Aircraft in Many Emerging Regions
- Demand for Aviation Fuel Has Increased Dramatically
- Crude Oil Price Volatility and Geopolitical Concerns
- Hybrid and Electric Aeroplanes Are Becoming Increasingly Popular
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Aviation Turbine Fuel Manufacturers, Aviation Turbine Fuel Suppliers & Distributors, Government Bodies, End-Users and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Aviation Turbine Fuel (ATF) Market?
The Aviation Turbine Fuel (ATF) study can be customized to meet your requirements. The market size breakdown by type [Biofuel, Hydrogen Fuel, Power to Liquid Fuel and Gas to Liquid], by end use application [Commercial, Defense and General Aviation].
2. How big is the Aviation Turbine Fuel (ATF) Market?
The Aviation Turbine Fuel (ATF) Market is gaining popularity and expected to see strong valuation by 2026.
3. What are the key driving factors for the growth of the Aviation Turbine Fuel (ATF) Market?
- Low-Cost Carriers Have Increased Demand for Air Travel
- Increased Aircraft Production and Deliveries