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Aviation Fuel Market Analysis Report with Top Key Players like Shell, BP, ExxonMobil, Chevron, and Gazprom

Aviation Fuel Market

Aviation Fuel Market

As per regional share, the aviation fuel market of Middle East & Africa (MEA) and Latin America is anticipated to record fruitful proceeds in the coming years. Rapid surge in the region’s tourism industry along with steady growth in air traffic has compelled major airplane manufacturers to develop more widebody frames for commercial airlines. Recovering economy and mergers of various international airliners in Latin America may boost product demand. Meanwhile, propelling demand for private jets in MEA would act as a key factor contributing to the region’s aviation fuel market growth.

With growing demand for short-distance trips and business travel, the overall market share for business jets is expected to foster in the coming years. Analysts predict that business jets could account for more than 14% of the aviation fuel market share. Business models like multiple aviation ownership plans which contain timeshare and fractional ownership have allowed individuals to conveniently own private jets. Increasing implementation of such models could hugely contribute towards industry growth. Whereas escalating demand for chartered airplane services may offer tremendous prospects for aviation fuel industry expansion.

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Based on fuel type, the aviation fuel market is categorized into aviation gasoline, biokerosene and jet fuel. Out of these three, biokerosene segment is anticipated to garner the highest growth at more than 33% over the predicted period. Constant developments and investments in biokerosene could make it a viable fuel option for future aircrafts. Additionally, growing attempts by industry partakers to develop commercially viable, environmentally friendly fuel alternatives may complement biokerosene market outlook. In 2019, the U.S. Department of Energy provisioned a grant of USD 1.7 million to the Fuel Laboratory of Renewable Energy for boosting the development of sustainable aircraft gas.

Fixed wing segmental growth is driven by increasing worldwide demand for more electric widebody aircrafts such as B787 and A380. Airplane manufacturers have been incorporating several electrical systems such as Electrical Thrust Reverser Actuation System (ETRAS) for improving the fuel efficiency and minimizes the loses.

Energy storage segment is anticipated to witness significant growth pertaining to the key role of the battery technology to power more electric aircrafts. More electric aircrafts market will experience growing demand for energy storage devices owing to the presence of several electric components as compared to the conventional aircrafts.

Some of the prominent players present in aviation fuel market include BP, Shell, Gazprom, Chevron, IOCL and Reliance Petroleum. Companies in this industry are focusing on signing strategic deals and forming lucrative partnerships to help progress business reach. Taking November 2019 for instance, BP inked a technical services deal with Sonangol that focused on developing its business in Angola. Thus, with proliferation in the global tourism industry and rise in demand for long-haul business jets, the aviation fuel market is anticipated to accrue sizable growth in the coming years.

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Partial Chapter of the Table of Content
Chapter 4. Aviation Fuel Market, By Grade
4.1. Global market share by grade, 2018 & 2026
4.2. Jet Fuel
4.2.1. Global market estimates and forecasts, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Aviation Gasoline
4.3.1. Global market estimates and forecasts, 2016 – 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
4.4. Biokerosene
4.4.1. Global market estimates and forecasts, 2016 – 2026
4.4.2. Market estimates and forecast, by region, 2016 – 2026
Charts & Figures
FIG 1 Industry segmentation
FIG 2 Industry landscape, 2016 – 2026 (Million Barrels Per Year) (USD Million)
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis, 2018
FIG 5 Porter’s analysis
FIG 6 PESTEL analysis
FIG 7 Share by grade, 2018 & 2026
FIG 8 Share by end-user, 2018 & 2026
FIG 9 Share by region, 2018 & 2026

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/aviation-fuel-market

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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