Aviation Gasoline Market Size, Trends, Comprehensive Research Study, Development Status and Opportunities Forecast to 2028, Fortune Business Insights

Aviation Gasoline (Avgas) Market Size, Share and COVID-19 Impact Analysis, By End-User (Private, Commercial, and Military), and Regional Forecasts, 2021-2028.

Avgas is primarily an aviation fuel that propels an aircraft's spark-ignited internal-combustion engine. It has a rich mixture octane rating of about 130 that enables it to possess high supercharge boost pressures. It can be used without the fear of an occurrence of detonation within the engine. Additionally, only the 100LL avgas variety is available for consumption across the globe. This aviation fuel is largely adopted in small-sized and old piston engines of aircraft.

The aviation gasoline market is expected to grow from $1.65 billion in 2021 to $2.32 billion in 2028 at a growth rate of 5.0% in the forecast period

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COVID-19 IMPACT:

Travel Restrictions amid COVID-19 to Hamper Growth

The outbreak of the COVID-19 pandemic has led to the stringent imposition of travel ban by the federal agencies across the globe. Owing to the travel ban, several flights have been suspended leading to lesser demand for aviation gasoline. However, once the travel ban gets removed and the flights start commencing their operations, the market is expected to return to normalcy.

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MARKET SEGMENTS:

Private Segment Held a Share of 62.1% Backed by Rising Number of High-net Worth Individuals

The segment private, based on end-user, held a share of 62.1% in 2020 and is expected to experience an augmented growth owing to the increasing number of high-net worth individuals and ultra-high net worth individual in the forthcoming years.

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What does the Report Include?

The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2021 and 2028.

DRIVING FACTORS:

Growing Demand for Small Aircraft & Sports Activities to Promote Growth

According to the General Aviation Manufacturers Association, in 2018, about 1302 numbers of piston based aircraft were sold, as compared to 1218 in 2017. The growing demand for small piston aircraft for several sports activities such as aerobatics, air racing, gliding, and other activities is set to drive the demand for aviation gasoline in the coming years. Additionally, the increasing demand for aviation aircraft for business purposes by the growing number of high-net worth individuals is expected to contribute to the growth of the global market in the forthcoming years.

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REGIONAL INSIGHTS

North America to Remain at the Forefront; Growing Number of Air Travelers to Propel Demand

Among all regions, the market in North America was worth USD 0.88 billion in 2020 and is likely to showcase a significant growth by dominating the global aviation gasoline market during the forecast period. This is attributable to the increasing number of air travelers in the region. Asia-Pacific, on the other hand, is expected to hold the second position and showcase a considerable growth in the forthcoming years. This is ascribable to the increasing focus on manufacturing large number of aircraft by the companies in countries such as China and Australia between 2021 and 2028.

COMPETITIVE LANDSCAPE:

Contract Signing by Major Companies to Strengthen Position

The global aviation gasoline market report observes that the market is highly consolidated with the presence of several major companies such as ExxonMobil and Shell. These companies are signing new contracts and expanding the Avgas application to strengthen their positions during the forecast period. The other key players in the market are adopting strategies such as partnership, introduction of new product, and collaboration to gain a major chunk of the market in terms of revenue during the forecast period.

Industry Development:

July 2020: SEI Industries announced the launch of a new multi-fuel model of Bulk Aviation Transport Tank (BATT). According to the company, the multi-fuel tank is a total fuel transport system that allows operators to switch between diesel, flying jet, and aviation gasoline as per the requirement of the aircraft.
July 2019: Swift Fuels, LLC, released its Rabbit Aviation Services at San Carlos Airport. The first airport with a fully-dedicated unleaded Avgas storage system in California to sell Swift's unleaded UL94 aviation gasoline for its piston aircraft customers.
List of the Companies Operating in the Market:

ExxonMobil (U.S.)
Shell (Netherlands)
BP Plc (U.K)
Total (France)
Vitol Group (U.K)
Phillips 66 (U.S.)
Repsol (Spain)
Indian Oil Corporation Limited (India)
Naftal (Algeria)
Hjelmco Oil AB (Sweden)

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Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends - For Major Countries
Key Developments: Merger & Acquisition, Partnership, etc.
Latest Technological Advancement
Regulatory Landscape
Porters Five Forces Analysis
Supply Chain Analysis
Raw Material Suppliers & Estimated Margin
Major Refiners/Producers & Estimated Margin
Major Distributors/Third Party Distributors & Estimated Margin
Qualitative Analysis - Impact of COVID-19
Impact of COVID-19 on the Aviation Fuel Market
Crude Oil Dynamics
Demand-Supply Gap Analysis
Impact of Crude Oil Price and Short-term Forecast
Aviation Fuel Dynamics
Impact on Current Demand for ATF and Short-term Forecast
Current Price and Short-term Forecast
Steps Taken by the Government to Overcome the Impact
Airline Stimulus Plans by Major Countries
Key Developments by the Industry Players in Response to COVID-19
Potential Opportunities and Challenges due to COVID-19 Outbreak
Global Aviation Gasoline (Avgas) Market Analysis (USD Billion) (Thousand Tons), Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast - By End-User
Private
Commercial
Military
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Aviation Gasoline (Avgas) Market Analysis (USD Billion) (Thousand Tons), Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast - By End-User
Private
Commercial
Military
Market Analysis, Insights and Forecast - By Country
S. Market Analysis, Insights and Forecast - By End-User
Private
Commercial
Military
Canada Market Analysis, Insights and Forecast - By End-User
Private
Commercial
Military
TOC Continued.

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