Press release
Aviation Fuel Market Size, Share, Growth, Forecast, Demand And Industry Analysis Report 2023-2032
Aviation Fuel Market Report
The Business Research Company's Aviation Fuel Global Market Report 2023 identifies the rising air transportation as the major driver for the aviation fuel market's growth in the forecast period. The rising population and increasing middle-class population's earnings have significantly increased the demand for air transportation in various developed and developing countries across the world. As air transportation increases, the need for aviation fuel also increases significantly as aviation fuel is a basic requirement for aircraft to fly.
The global aviation fuel market size will grow from $189.07 billion in 2022 to $217.19 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. 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 aviation fuel market size is expected to grow to $399.87 billion in 2027 at a CAGR of 16.5%.
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Major competitors in the aviation fuel market are British Petroleum (BP) P.L.C, Chevron Corporation, Exxon Mobil Corporation, PJSC Gazprom, Indian Oil Corporation Limited.
A key trend in the aviation fuel market includes Biofuel. The various types of biofuels include ethanol made from corn and sugarcane, biodiesel made from vegetable oils and liquid animal fats, green diesel made from algae and other plant sources, and biogas which is methane derived from animal manure and other digested organic material. The biofuels that are derived from grasses and plants can mitigate global warming by reducing carbon emissions. Aviation fuel companies are increasingly investing in the production of biofuels to offer sustainbale and emission free fuel to aerospace companies.
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The aviation fuel market is segmented -
•By Fuel Type: Jet A, Jet A1, Jet B, JP 5, JP 8, Avgas, Biofuel
•By Grade: Jet fuel, Aviation Gasoline, Biokerosene
•By End Use: Commercial, Military, Private, Other End Uses
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aviation fuel market.
The Business Research Company's "Global Aviation Fuel Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aviation Fuel Market Include:
1. Aviation Fuel Market Executive Summary
2. Aviation Fuel Market Characteristics
3. Aviation Fuel Market Trends And Strategies
4. Aviation Fuel Market - Macro Economic Scenario
5. Aviation Fuel Market Size And Growth
……
26. Africa Aviation Fuel Market
27. Aviation Fuel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aviation Fuel Market
29. Aviation Fuel Market Future Outlook and Potential Analysis
30. Appendix
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