Recent Industry Update: Jet Fuel Market Size by Global Major Companies Profile, Covid19 Impact and Competitive Landscape- Exxon Mobil Corporation, Qatar Jet Fuel Company, Bharat Petroleum Corp Ltd, BP p.l.c, Chevron Corporation

Jet Fuel Market Precise Outlook 2020-2023 is complete guide for the new entrants in the industry; the report provides the market history of every product ever retailed by the company. It also provides history of the product types, sales, volume, technology, during the forecast period. The growth rate challenges and barriers are also explained in the Jet Fuel Market research report. The report shades light on the development rate of the strategies. Products and technologies used in the production, manufacturing and marketing of the report.

The jet fuel is a type of aviation fuel and one of the major petroleum products produced from processing crude oil in a petroleum refinery. The jet fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. Demand for air travel is expected to double in the next two decades and grow by almost 4% every year. The strong economic growth in the emerging countries such as China and India and an expanding middle class in the Asia-Pacific region is expected to boost the total number of passengers resulting in growth for jet fuel market. Similar to the consumer demand for road transport, growth for air travel is expected to be fueled by the emerging markets such as China, Japan and India. Asia-Pacific holds a major share in the jet fuel market followed by Europe and North America regions.

Avail a Sample Copy before Purchase:

https://www.marketinsightsreports.com/reports/01241064033/global-jet-fuel-market-size-analysis-share-segmented-by-fuel-grade-jet-a-1-jet-a-jet-b-end-user-application-commercial-aircraft-military-aircraft-business-aircraft-and-geography-growth-trends-and-forecast-2018-2023/inquiry?source=cougaraccess&Mode=21

The prominent players in the global Jet Fuel market are:

Exxon Mobil Corporation, Qatar Jet Fuel Company, Bharat Petroleum Corp Ltd, BP p.l.c, Chevron Corporation, Royal Dutch Shell Plc, Vitol, Allied Aviation Services, Inc., Valero Marketing and Supply, Gazprom Neft PJSC

Top of FormMarket Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America

Global Jet Fuel Market Overview:

Increase in the Air Passenger Number Driving the Jet Fuel Market

Demand for jet fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of 8.8% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for jet fuel, which has been one of the strongest performers among transportation fuels in recent years. Jet fuel market is expected to witness a high growth rate with increased aviation travel and limited substitutes in this market. The International Energy Agency in its New Policies Scenario has stated that the demand for jet fuel is expected to rise more than 50% to above 9 million barrels per day by 2040.

Key Developments in the Jet Fuel Market

Nov, 2017: Shell aviation announced that it has signed a fuelling concession agreement to operate the new into-plane and fuel farm facilities as the sole jet fuel supplier at Salalah International Airport in Oman.

Get Exclusive Discount at:

https://www.marketinsightsreports.com/reports/01241064033/global-jet-fuel-market-size-analysis-share-segmented-by-fuel-grade-jet-a-1-jet-a-jet-b-end-user-application-commercial-aircraft-military-aircraft-business-aircraft-and-geography-growth-trends-and-forecast-2018-2023/discount?source=cougaraccess&Mode=21

Furthermore, Global Jet Fuel Market following points are involved along with a detailed study of each point: -

- Global Jet Fuel Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

- Global Jet Fuel Market competition by Manufacturers (2020-2023)

- Production and Consumption by Regions

- Complete profiling and analysis of Manufacturers (2020-2023)

- Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

- Industrial Chain, Sourcing Strategy and Downstream Buyers

- Marketing Strategy Analysis, Distributors/Traders

- Global Jet Fuel Market Effect Factors Analysis (2020-2023)

- Global Jet Fuel Market Forecast (2020-2023)

- Global Jet Fuel Market Research Findings and Conclusion

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact US:

Irfan Tamboli (Head of Sales) - Market Insights Reports

Phone: + 1704 266 3234

Mob: +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

About US

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.