Global Jet Kerosene Market Overview:
Kerosene requires the raw materials such as petroleum or crude oil. It is the high quality fuel with efficient properties. Jet Kerosene contains hydrocarbons and other impurities such as sulfur. Hence, the jet fuel is highly refined kerosene which is designed for the usage in aircraft. In addition, it is used in hydraulic fuel in engine control systems and fuel system components. The kerosene jet fuel has carbon number in between 8 to 15 and includes Jet A, Jet A-1, JP-5, and JP-8. Furthermore, Jet fuel appears as colorless to straw colored. These properties are increasing the demand for Jet kerosene.
- Rising Airline Industry is Fueling the Growth of Jet Kerosene
- Increasing Per Capita Income of Emerging Economies
- Shift of Preference of Traveling Towards the Airlines
- Price Volatility of Jet Kerosene May Hamper the Market
- Increasing Liberalisation of Airlines is Propelling the Market Growth
- Growing Global Trade is Boosting the Airline Fuel Market
- Competitive Pricing of Airline Services Owing to Increased Competition.
Some of the key players profiled in the report are Qatar Jet Fuel (Qatar), Birmingham Fuel Oils (United Kingdom), Bharat Petroleum (India), Carrington Investment (United Kingdom), K & S Financial Group (United States), Air BP (United Kingdom), Chevron (United States), Exxon Mobil (United States), Shell (Netherlands) and Neste (Finland). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Jet Kerosene market by 2024.
In March 2019, Shell has completed the acquisition of Sonnen which is a manufacturer of smart storage systems.
United States Environmental Protection Agency has adopted the emission standards for aircraft gas turbine and thrusts greater than 26.7 kilo newton. These type of engines are used in commercial passenger and freight aircraft.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Jet Kerosene market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Jet Kerosene market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.