Aviation Fuel Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report "Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030" The aviation fuel market size is expected to grow from USD 249.9 billion in 2022 and is projected to reach USD 696.2 billion by 2030, at a CAGR of 13.7% during the forecast period. Growing demand to reduce GHG emissions and better fuel efficiency of SAF compared to jet fuel are major factors driving this market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231148230

Based on aircraft type, the hybrid wing UAV segment is projected to grow at a higher CAGR during the forecast period.

Based on aircraft type, the hybrid wing UAV segment is projected to grow at a higher CAGR during the forecast period, from 2022 to 2030. Hybrid UAVs are widely used for long-range and heavy payload applications, such as SAR operations and crop management, and with some vehicles exceeding eight hours of flight time, they are often more practical and cost-efficient than traditional aircraft. The increasing number of long range applications of hybrid UAVs, is expected to lead to significant growth in this market in the coming years.

Based on fuel type, the Jet A-1 segment of the conventional fuel segment is expected to grow at the highest CAGR in the aviation fuel market during the forecast period.

Based on fuel type, the Jet A-1 segment of the conventional fuel segment is expected to grow at the highest CAGR in the aviation fuel market from 2022 to 2030. Rising demand for Jet A-1 fuel outside US, to drive the overall demand in the aviation fuel market.

Latin America is expected to be the fastest-growing region for the aviation fuel market during the forecast period.

Latin America is among the fastest-growing regions for the aviation fuel market. Brazil is a major market for aviation fuel in the region due to its flourished aviation industry. In addition, presence of major commercial aircraft OEMs and increasing tourism activities in the region are among the crucial factors anticipated to fuel the regional demand for the aviation fuel.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=231148230

Major players operating in the aviation fuel market include Exxon Mobil Corporation (US), Chevron Corporation (US), British Petroleum (UK), Shell (UK), TotalEnergies (France), Neste (Finland), Gazprom (Russia), World Fuel Service (US), Indian Oil Corporation (India), and Valero Energy Corporation (US) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.