Press release
Aviation Gasoline Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Aviation Gasoline Market
The Business Research Company offers in-depth market insights through Aviation Gasoline Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The aviation gasoline market size has grown steadily in recent years. It will grow from $1.89 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to post-war civilian aviation growth, rise of commercial aviation, establishment of aviation regulations, advancements in aircraft, world war i and ii demand..
The aviation gasoline market size is expected to see steady growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to emergence of electric aviation, innovations in fuel efficiency, global economic growth, regulatory changes and emissions standards, shift towards alternative fuels.. Major trends in the forecast period include biodegradable fuel, shift in aircraft fleet composition, evolving regulatory standards, product innovations, transition to sustainable fuels..
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Market Segmentation:
The aviation gasoline market covered in this report is segmented -
1) By Fuel Type: Avgas, Jet Fuel
2) By Aircraft Type: Fixed Wings, Rotorcraft, Other Aircraft Types
3) By Additive Types: Deposit Control, Anti-icing, Corrosion Inhibitor, Lubricity Improver, Biocides, Antioxidants, Dyes And Makers, Other Additives
4) By End-User: Private, Commercial, Military
Major Driver - Surging Demand For Small Aircraft Propels Growth In Aviation Gasoline Market
Growing demand for small aircraft is expected to propel the growth of the aviation gasoline market going forward. Small aircraft refers to any aircraft that was built to have a maximum seating capacity of 60 people or a maximum payload capacity of 18,000 pounds. This gasoline is typically used in the piston engines of small private planes and sports planes, which need leaded fuel with a high-octane rating. For instance, in November 2021, according to an article published by Airbus, a Netherlands-based provider of aeronautics, space, and defense-related services company, due to the retirement of older aircraft, there is a requirement for 39,000 new passenger and freighter aircraft, 15,250 of which are for replacement. The need for new aircraft will include around 29,700 small aircraft such as the A220 and A320 families, along with approximately 5,300 medium aircraft. Therefore, the growing demand for small aircraft is driving the growth of the aviation gasoline market.
Competitive Landscape:
Major companies operating in the aviation gasoline market report are Shell plc, British Petroleum Company plc, Indian Oil Corporation Limited, ExxonMobil Corporation, TotalEnergies SE, Repsol S.A., Hjelmco Oil Ab, Chevron Corporation, Sinopec Group, NAFTAL Branche Carburants, Sasol Limited, Petróleo Brasileiro S.A., Bryant Fuel Systems LLC, World Energy, SkyNRG, Alder Fuel, Phillips Petroleum Company, Air BP Ltd., Neste Corporation, Avfuel Corporation, World Kinect Corporation, Sunoco Inc., HF Sinclair Corporation, Valero Energy Corporation, Marathon Petroleum Corporation, PetroChina Co. Ltd., Puma Energy Holdings Pte. Ltd., QatarEnergy, China Petroleum & Chemical Corporation, Hindustan Petroleum Corporation Limited, Petroliam Nasional Berhad, Reliance Industries Limited
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Top Trend - Rise Of Green And Bio-Based Solutions Shapes Trends In Aviation Gasoline Market
The adoption of green and bio-based fuel solutions is the key trend gaining popularity in the aviation gasoline market. Major companies operating in the aviation gasoline market are focused on developing new product solutions to strengthen their position in the market. For instance, in March 2022, Chevron Renewable Energy Group, a US-based bio-based diesel producer, launched EnDura Fuels. It is a fuel line of branded fuel products. The EnDura Fuels portfolio includes five bio-based diesel fuels, including PuriDTM, next-generation biodiesel from Chevron Renewable Energy Group. PuriDTM exceeds industry quality standards, allowing customers to incorporate Fuels into renewable diesel at practically any level and use greater biodiesel blends with petroleum diesel.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aviation Gasoline Market Characteristics
3. Aviation Gasoline Market Trends And Strategies
4. Aviation Gasoline Market - Macro Economic Scenario
5. Aviation Gasoline Market Size And Growth
…..
27. Aviation Gasoline Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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