Press release
Europe Defense Aircraft Aviation Fuel Market 2021 Strategic Assessments - World Fuel Services Corp, Total S.A., Royal Dutch Shell Plc
The Europe Defense Aircraft Aviation Fuel Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Europe Defense Aircraft Aviation Fuel market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Europe Defense Aircraft Aviation Fuel market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Europe Defense Aircraft Aviation Fuel market.The Europe defense aircraft aviation fuel market is expected to grow at a CAGR of more than 11% over the forecast period.
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Top Leading Companies of Europe Defense Aircraft Aviation Fuel Market are - World Fuel Services Corp, Total S.A., Royal Dutch Shell Plc, BP plc, Eni SpA, Coryton Advanced Fuels Ltd and others.
Key Market Trends:
Air Turbine Fuel (ATF) to Dominate the Market
- The government of Europe maintains separate specifications for jet fuel for military use. The reasons for separate specifications include the operational and logistical differences between the military and civilian systems.
- JP fuels are military designations of jet fuels or air turbine fuel based largely on commercial kerosene-based fuels. JP-8 is also known as JET F-34.
- JP-8 is the military equivalent of Jet A-1 with the addition of corrosion inhibitor and anti-icing additives. It is the dominant military jet fuel grade for NATO air forces. The United Kingdom also has a specification for this grade namely DEF STAN 91-87 AVTUR/FSII (formerly DERD 2453).
The United Kingdom to Dominate the Market
- The jet fuel consumption in the country increased exponentially, reaching 267.46 thousand barrels per day in 2019. Part of it is supported by the United Kingdom defense sector.
- The total number of aircraft in the United Kingdom’s air force was 601 as of April 2019. Further, 17 new F-35B aircraft are to be delivered between 2020 and 2022, with the country committed to procuring more than 138 aircraft in the coming year.
- Furthermore, the United Kingdom's government plans to invest in GBP2 billion on Tempest, a new fighter aircraft project (under development) by 2025.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Europe Defense Aircraft Aviation Fuel Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Europe Defense Aircraft Aviation Fuel Market (%),2016 - 2026
- Europe Defense Aircraft Aviation Fuel Market Share, By Brand
- Europe Defense Aircraft Aviation Fuel Market Share, By Company
- Europe Defense Aircraft Aviation Fuel Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Europe Defense Aircraft Aviation Fuel Market Value Analysis & Forecast
- Promising Europe Defense Aircraft Aviation Fuel Development by Major Companies
- Detailed Europe Defense Aircraft Aviation Fuel Portfolio of the Major Companies
- Major Deals in the Europe Defense Aircraft Aviation Fuel Market
- Major Companies Analysis
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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.
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