Aviation Gasoline (Avgas) Market Size, 2023 Applications, Technology, Types, Recent Trends, Industry Analysis and Forecasts 2031

The global aviation gasoline market size was US$ 12.5 billion in 2021. The global aviation gasoline market size is estimated to reach US$ 18.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2022 to 2030.

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Aviation gasoline is commonly used to control piston-engine aircraft. It is highly flammable and is mainly decided by its octane rating at specific performing temperatures. Aircraft design has enhanced fuel-burning efficiency and created them safer, cheaper, greener, and quicker resulting in the growing need for aviation fuel. Piston-powered aircraft that utilize leaded flight gasoline contaminate the air, threatening human health. The aviation sector has invested in research analysis to build hybrid-electric engines and lightweight to aid cut fuel take.

Factors Affecting Marketing Growth

The increase in the need for piston-engine aircraft for sports, training, and aerial application drives the growth of the global market.
The rise in recreation and air sports activities across the world is driving the growth of the global market.
The existence of application and innovation of aviation gasoline panels in a variety of industries will drive the growth of the global market.

Impact on COVID-19 Analysis

COVID-19 had a negative impact on the growth of the global market. As the expense of aviation gasoline is directly dependent on crude oil costs. The need for crude oil is less due to COVID-19 and the cost of crude oil is relatively reduced, thus, it had a severe effect on aviation gasoline prices. Prices for aviation gasoline and jet fuel markets have been normalized as the need for these products began to increase

Regional Analysis

North America had the leading growth of the global market. The existence of powerful market players in the aviation gasoline sector and advanced countries contribute mainly to the robust growth of the global aviation gasoline market. However, due to rising concerns about lead emissions and carbon, strict rules and regulations for consumption and fuel production hinder the growth of the global market. The existence of the application and innovation of aviation gasoline panels in a combination of sectors will drive the growth of the aviation gasoline market in the region.

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Leading Competitors

The prominent players in the global aviation gasoline market are:
Sasol Limited
Gazprom
Sinopec Corp
Oman Oil Corporation SAOC
Chevron Corporation
Indian Oil Corporation Limited
Phillips 66
Exxon Mobil Corporation
Repsol
Vitol Group
Others

Segmentation Analysis

The global aviation gasoline market segmentation focuses on Grade Type, Aircraft Type, Application, and Region.

Segmentation on the basis of Grade Type
Avgas 100LL (Blue)
Avgas 100 (Green)
Others

Segmentation on the basis of Aircraft type
Rotorcraft
Fixed Wings
Others

Segmentation on the basis of Application
Civil
Private
General Aviation
Military
Sports and Recreational
Others

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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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This release was published on openPR.