Aviation Fuel Market Scope
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.
According to AMA, the Global Aviation Fuel market is expected to see growth rate of 3.97% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aviation Fuel market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Gazprom Neft PJSC (Russia), Hoover's Inc. (United States) and PJSC Lukoil (Russia).
Segmentation Overview
The study have segmented the market of Global Aviation Fuel market by Type (Conventional Aviation Fuel (Jet Fuel, Avgas) and Emerging Aviation Fuel (Boifuel, Compress Natural Gas)), by Application (Aircraft (Commercial, Passenger, Cargo, Military, Business) and Helicopter) and Region with country level break-up.
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).
Influencing Trend:
Adoption of Air Cargo Transportation and Fueling Demand of biofuel by EU
Market Growth Drivers:
Rising Number of Passenger Aircraft and Growing Dependency on Aircraft in Military Applications
Challenges:
Variation in Prices of Fuel Due fluctuation in Crude Oil
Restraints:
High Production Price and Lack of Knowledge about Commercial Production
Opportunities:
Up Surging Demand in Developing Nations and Increasing Demand For Renewable Aviation Fuel
Market Leaders and their Expansionary Development Strategies
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.
Key Target Audience
Aviation Fuel Manufacturers, Aerospace and Defense Industry, Government Bodies, Government Market Research Firms, Private Research Institutes and Others
About Approach
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 the total available market.