Aviation Fuel Market Competitive Insights, Business Growth and Opportunities 2020-2025

Global Aviation Fuel Market - Growth, Trends, And Forecast (2020 - 2025)

The global aviation fuel market is expected to grow at a CAGR of more than 2.5% over the period of 2020-2025. This report provides along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities, and challenges in the Aviation Fuel market. This research report offers an in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities, and challenges.

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Key manufacturers are included based on the company profile, sales data, and product specifications, etc.: Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell PLC, Total SA and BP PLC among others.

The demand is majorly driven in response to the air traffic and aircraft fleet in both commercial and military applications in the emerging economies along with increasing demand for air freight transportation in terms of volume and freight traffic, which in turn drives the aviation fuel market. These factors contribute to the increasing demand for aviation fuel, which has been one of the strongest performers among transportation fuels in recent years. However, carbon emissions and volatile crude oil prices are restraining the growth of aviation fuel market.

- In commercial airlines, around 4.23 billion people traveled by aircraft in 2018, in comparison to 3.9 billion in 2017 and the air cargo business registered 3.4% of growth in demand from 2017. The constant increase in demand is further promulgating the aviation fuel market in comparison to other end users.
- Boeing has collaborated with World Wide Fund in 2019 and has invested USD 1 Million in Brazil for sustainable aviation fuel (SAF) industry. Owing to increased environmental concerns, the SAF poses immense opportunity for the aviation fuel market.
- Asia-Pacific is the fastest growing aviation fuel markets during the forecast period, with the rise in urbanization and increasing disposable incomes in the emerging economies across the region has resulted in the growth of air passengers from this region.

Commercial Aircraft Segment to Dominate the Market

- Commercial segment accounts for the largest share in the aviation fuel market. In 2018, around 4.3 billion passengers were carried by air transport on scheduled services, representing an increase of 6.9% over the previous year. The number of departures rose to approximately 38 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometers (RPKs), grew solidly at 6.7% and reached approximately 8.2 trillion RPKs performed in 2018.
- The passenger airline network has expanded to exceed 20,000 unique city pairs and freight tonnes carried by cargo airline was valued at USD 111.3 billion in 2018. The increase in air travel demand outstripped the industry capacity expansion. In 2018, the total capacity offered by the world’s airlines, expressed in available seat-kilometers (ASKs), increased globally by around 6.0% over the previous year.
- Asia-Pacific is expected to contribute half of the new passengers, globally, between 2015 and 2035. By 2035, 1.8 billion additional annual passengers are expected to be transported to, from, and within Asia-Pacific, led by India and China.

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Further in the Aviation Fuel Market research reports, the following points are included along with an in-depth study of each point:

Production Analysis: Production of Aviation Fuel is analyzed with respect to different regions, types, and applications. Here, price analysis of various Aviation Fuel Market key players is also covered.

Supply and Consumption: In continuation of sales, this section studies supply, and consumption for the Aviation Fuel Market. This part also sheds light on the gap between supply and consumption.

Key Strategic Developments: The study also includes the key strategic developments of the Aviation Fuel market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, Global and regional growth of the leading competitors operating in the market on a Global and regional scale.

We Offer Customization On Report Based On Specific Client Requirement:

– Country Level analysis for any 5 countries of your choice.

– Competitive analysis of any 5 key market players.

– 40 analyst hours to cover any other data point.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain 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.

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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.