Global Jet Fuel Market Overview:
Jet fuel is produced from processed crude oil in a petroleum processing plant. Of late, there has been emphasizing on cutting down the emission by various governing bodies such as Federal Aviation Administration, European Aviation Safety Agency (ESSA) and others. This has led to increasing focus on renewable jet fuel production and enforcing market participants for investing in product innovation in order to reduce carbon emission creating opportunities for the companies involved in bio-fuel production.
- Growing Air Transportation Infrastructure and influx in Air Traffic
- Standardization of Stringent Government Emission Norms
- Emergence of Bio fuel in Aviation Industry
- Fluctuation in prices of Jet Fuel
- Increasing Demand of Renewable Fuel to Reduce Carbon Emission
- Issue Related with its storage
Government initiatives such as a green drive for environment protection providing lucrative opportunities for the jet fuel industry as market players are focusing on the development of biofuels for lesser carbon emission. Recently Spice Jet, an Indian air transportation services provider operated India's first biofuel-powered flight from Delhi to Dehradun in August 2018
Some of the key players profiled in the report are Exxon Mobil Corporation (United States), Bharat Petroleum Corp Ltd (India), BP plc. (United Kingdom), Chevron Corporation (United States), Royal Dutch Shell Plc (Netherlands), Vitol (United States), Allied Aviation Services, Inc. (United States), Valero Marketing and Supply (United States), PJSC Gazprom Neft (Russia), Conoco Phillips (United States), PJSC Lukoil (Russia), Mercuria Energy Group Holding SA (Switzerland) and Trafigura's Logo (Singapore). Additionally, following companies can also be profiled that are part of our coverage like Qatar Jet Fuel Company (Qatar) and Hoover's Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Jet Fuel market by 2024. Considering Market by End-User Application , the sub-segment i.e. Commercial Aircraft will boost the Jet Fuel market. Considering Market by By Fuel Grade, the sub-segment i.e. Jet A-1 will boost the Jet Fuel market.
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 Fuel 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 Fuel 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 Jet Fuel Manufacturers, Aviation Industry, Government bodies, Market research firms, Research Institutes and Others.
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.