Press release
Jet Kerosene (Fuel) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth & Forecast :2024
Supported by new technological advancements and escalating investments, the substantial rise in the airline industry is likely to drive the growth of the global jet kerosene market in the coming years. Jet kerosene is mainly used to power aircraft. Usually, it is of a higher quality compared to the fuel utilized in applications such as heating and road transport. It is believed to be the best quality fuel with the most efficient combination of properties.
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Air content and combustion quality are the two most important properties, which influence the performance of jet kerosene. The other prominent qualities of jet kerosene include non-corrosivity, cleanliness, fluidity, volatility, stability, and lubricity. Apart from this, jet kerosene can also be utilized as a hydraulic fuel in engine control systems and as a coolant for several fuel system components.
Based on its current and historical performance, this research report offers an in-depth evaluation of the global market for jet kerosene (fuel). The driving forces, limitations, trends, opportunities, and growth prospects of this market have also been assessed in the study to identify the market’s future status.
Global Jet Kerosene (Fuel) Market: Trends and Opportunities
According to researchers, the worldwide jet kerosene (fuel) market is teeming with opportunities, thanks to the remarkable rise in the global economy. The air traffic is expected to increase significantly in the near future as, with the socio-economic growth and the increasing disposable income, the traveling preferences of consumers have begun to shift towards airlines. As a result, the frequency of airplanes is expected to witness a manifold increase, and consequently, the demand for jet kerosene is also projected to experience a substantial upsurge over the years to come. Furthermore, the rising airline liberalization is also anticipated to fuel the demand for jet kerosene to ensure the increased connectivity services for a long-term period.
The improvements in GDP growth and the productivity, as well as the increased aviation connectivity, are also expected to boost the global aviation industry in the near future, resulting in the high demand for jet kerosene across the world. However, the intensifying competition among airlines is likely to cause competitive pricing of services, which may act as a restraint to the worldwide jet kerosene (fuel) market. Apart from this, the price volatility of jet kerosene will also hamper the growth of this market in the coming years.
Global Jet Kerosene (Fuel) Market: Geographical Analysis
On the geographical front, the worldwide jet kerosene market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Driven by the substantial increase in the count of passengers, who prefer traveling via airlines, Asia Pacific is likely to lead the overall market in terms of jet fuel consumption over the next few years. North America and Europe are also projected to register a steady rise in the demand for jet fuel in the years to come.
Companies mentioned in the research report
Oil Corporation Ltd., Qatar Jet Fuel Co., Valero Marketing and Supply Co., Allied Aviation Services Inc., and Bharat Petroleum are some of the key enterprises in the global market for jet kerosene.
Major regions analyzed under this research report are:
Europe
North America
Asia Pacific
Rest of the World
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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