Global Aviation Fuel Market Overview:
Aviation Fuel is referred to the petroleum-based fuel used for aircraft. It is made of crude oil. It is extremely refined kerosene that can be applicable in turbine engines as well as in diesel piston engines. There is two type of aviation fuel including Conventional Aviation Fuel (Jet Fuel, Avgas), Emerging Aviation Fuel (Biofuel, Compress Natural Gas). Growing demand in the military & civil application will help to expand the aviation fuel market globally. Some of the key players profiled in the study are Chevron (United States), Exxon Mobil (United States), Gazprom (Russia), Royal Dutch Shell (Netherlands), HPCL (India), Qatar Jet Fuel Company (Qatar), BP p.l.c (United Kingdom), Vitol (Switzerland), Allied Aviation Services, Inc. (United States) and Valero Marketing and Supply (United States). According to Market Analyst at AMA, the Global Aviation Fuel market may see a growth rate of 3.97%
On the basis of geography, the market of Aviation Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by End User, the sub-segment i.e. Military will boost the Aviation Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Passenger Aircraft
- Growing Dependency on Aircraft in Military Applications
- Adoption of Air Cargo Transportation
- Fueling Demand of biofuel by EU
- High Production Price
- Lack of Knowledge about Commercial Production
- Up Surging Demand in Developing Nations
- Increasing Demand For Renewable Aviation Fuel
- Variation in Prices of Fuel Due fluctuation in Crude Oil
Major Market Developments:
On 2nd November 2018, Gazprom Neft has launched its robotized fuel loading system for airfield tankers at Sheremetyevo airport, Russia. This is done with help by “Manipulation system” or robotic arm.
In the United States, EPA has confirmed conclusions that GHG emissions from certain classes of engines used in aircraft add to the air pollution that causes climate change risking public health and welfare under section 231(a) of the Clean Air Act.
Aviation Fuel Manufacturers, Aerospace and Defense Industry, Government Bodies, Government Market Research Firms, Private Research Institutes and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Aviation Fuel market on the basis of product [Conventional Aviation Fuel (Jet Fuel, Avgas) and Emerging Aviation Fuel (Boifuel, Compress Natural Gas)] , application [Aircraft (Commercial, Passenger, Cargo, Military, Business) and Helicopter], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Aviation Fuel market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Aviation Fuel industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Gazprom Neft PJSC (Russia), Hoover's Inc. (United States) and PJSC Lukoil (Russia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Aviation Fuel market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.