Jet Fuel Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Exxon Mobil Corporation, BP Plc., Chevron Corporation, Valero Marketing and Supply
Jet Fuel Market Size, Growth Rate, And Forecast
The global jet fuel market size is expected to grow from $186.30 billion in 2022 to $195.98 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global jet fuel market size is expected to reach $236.15 billion in 2027 at a CAGR of 4.8%.
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Jet Fuel Market Drivers
The surge in passengers is expected to propel the growth of the jet fuel market going forward. Air passengers are individuals who travel by air on commercial airlines or private airplanes. Globalization has favored the surge in air passengers.
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Jet Fuel Market Segments
1) By Fuel Type: Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel-Biofuel, Power-To-Liquid, Gas-To-Liquid
2) By Fuel Grade: Jet A, Jet A1, Jet B, TS-1
3) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle
4) By Application: Commercial, Defense, General Aviation, Private
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Jet Fuel market.
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Jet Fuel Market Key Players
Major players in the jet fuel market are Exxon Mobil Corporation, BP Plc., Chevron Corporation, Valero Marketing and Supply, Shell Plc., TotalEnergies SE, Gazprom Neft PJSC, Indian Oil Corporation, Bharat Petroleum Corp Ltd., Honeywell International Inc., World Fuel Service Corp., Neste Oyj, World Energy LLC, and China Aviation Oil Corporation Ltd..
The Business Research Company's "Global Jet Fuel Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Jet Fuel Market Include:
1. Executive Summary
2. Jet Fuel Market Characteristics
3. Jet Fuel Market Trends And Strategies
4. Jet Fuel Market - Macro Economic Scenario
5. Jet Fuel Market Size And Growth
27. Jet Fuel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Jet Fuel Market
29. Jet Fuel Market Future Outlook and Potential Analysis
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