Aviation Fuel Market - Current Insight with Future Aspect Analysis

Aviation fuel is a type of petroleum-based fuel used to energize an aircraft. It has better quality than other fuels used in any other medium of transport. The additives used in aviation fuel reduce the risk of icing or explosion due to high temperatures. Aviation fuel is primarily used by most military aircraft and commercial airlines to maximize fuel efficiency and lower operational cost. The aircraft industry is expanding nowadays, which is increasing the competition among aircraft aviation fuel production in all sectors.

Access the Full Report @ https://www.alliedmarketresearch.com/aviation-fuel-market

The demand from the military sector for efficient and low-cost military-grade fuel has increased as all the nations are increasing their military strength. Owing to increased disposable income and a boom in the tourism industry, a rise in air transportation has been experienced through air travel mode, which further drives the market growth. Moreover, the introduction of new flight routes and investments from the government in the field for the construction of new airports also boosts the aviation fuel market growth. However, fluctuations in crude oil prices and a rise in concerns over the high level of carbon emissions leading to strict rules and regulations hamper the market growth. Meanwhile emerging sustainable aviation fuel (SAF) that is produced from typical feedstocks such as cooking oil and other non-palm waste oils from animals or plants, solid waste from homes and businesses, such as packaging, paper, textiles, and food scraps offer lucrative opportunities for the growth of the aviation fuel industry.

Global aviation fuel is segmented on the basis of fuel type, aircraft type, end user, and region. Depending on fuel type, it is divided into jet A, jet A1, jet B, JP 5, JP 8, avgas, and biofuels. In 2018, jet A1 dominated the market share and is expected to grow at higher a CAGR during the forecast period. Depending on aircraft type, the market is classified into fixed wings, rotorcraft, and others. Fixed wings dominated the market share in 2018 and is expected to remain dominant during the forecast period. By end user, the market is categorized into civil, military, private, and sports & recreational. The civil segment dominated the market share and is expected to grow at a higher CAGR compared to other end users. Region-wise, the aviation fuel market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). The global market was dominated by North America while Asia-Pacific is expected to grow at a higher CAGR owing to high demand from emerging economies in the region.

Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/6172

The key players in Bp p.l.c., are Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited, Petrobras, Royal Dutch Shell plc, Sinopec Group, Total SA, and Oman Oil Company SAOC.

Key findings of the study:

• Global aviation fuel market size is provided in terms of revenue
• India is projected to grow at the highest CAGR of approximately 4.6%, in terms of revenue, during the forecast period
• By end-user, the civil segment is anticipated to grow with CAGR of 3.6%, in terms of revenue, during the forecast period
• India and U.S. dominated the aviation fuel market share with a revenue of over 4.6% and 4.1% in 2018
• A comprehensive analysis of the factors that drive and restrain the aviation fuel market growth is provided
• The qualitative data in this report aims at the aviation fuel market trends, dynamics, and developments in the aviation fuel industry
• The aviation fuel market forecast and estimations are based on factors impacting the market growth

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/6172

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

This release was published on openPR.