Press release
Jet Fuel Market Likely to Boost Future Growth by 2031: ExxonMobil, Shell, Chevron
Jet Fuel Market
Key Players in This Report Include: ExxonMobil (United States), Shell (Netherlands/United Kingdom), BP (United Kingdom), Chevron (United States), TotalEnergies (France), Saudi Aramco (Saudi Arabia), Gazprom (Russia), Phillips 66 (United States), Lukoil (Russia), Valero Energy Corporation (United States), Marathon Petroleum Corporation (United States), ENI (Italy), Reliance Industries Limited (India), Indian Oil Corporation (India), Sinopec (China)
According to HTF Market Intelligence, the global Jet Fuel market is valued at USD 170 Billion in 2024 and estimated to reach a revenue of USD 250 Billion by 2031, with a CAGR of 5% from 2024 to 2031.
Get inside Scoop of Jet Fuel Market: https://www.htfmarketintelligence.com/sample-report/global-jet-fuel-market?utm_source=Krati_OpenPR&utm_id=Krati
Definition:
Jet fuel is a type of aviation fuel used in aircraft powered by turbine engines. It is derived from crude oil and processed to meet specific performance standards. The demand for jet fuel is tied to the global aviation industry, with factors like the growth in air traffic, technological improvements in fuel efficiency, and the global push for carbon emissions reductions shaping the market. With increasing air travel globally, especially in emerging economies, the demand for jet fuel is expected to rise. Furthermore, there is a growing trend toward sustainable aviation fuel (SAF) as a cleaner alternative to conventional jet fuel, helping the aviation industry lower its carbon footprint.
Market Trends:
Shift toward sustainable aviation fuels (SAFs) and other green initiatives in aviation to reduce carbon emissions.
Market Drivers:
Growth in air travel, rising aviation demands in emerging economies, and fuel efficiency technologies in the aviation industry.
Market Opportunities:
Development of sustainable jet fuels, renewable energy solutions, and innovations in fuel efficiency for aviation.
Market Challenges:
High oil price volatility, geopolitical instability, and increasing pressure to reduce emissions from the aviation sector.
Fastest-Growing Region:
Asia-Pacific
Dominating Region:
North America
Market Leaders & Development Strategies:
On 11 October 2022, Honeywell advances ethanol-to-jet technology to meet growing demand for sustainable aviation fuel. Honeywell has unveiled a brand-new, ground-breaking ethanol-to-jet fuel (ETJ) processing technology that enables manufacturers to make sustainable aviation fuel (SAF) from corn-based, cellulosic-based, or sugar-based ethanol. Compared to jet fuel made from petroleum, the ethanol-to-jet fuel technology developed by Honeywell can reduce greenhouse gas (GHG) emissions by 80% over the course of its entire lifecycle. High-performance catalysts and heat management capabilities are used by Honeywell's ready now technology to maximize production efficiency, resulting in an affordable aviation fuel with decreased carbon intensity.
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The Global Jet Fuel Market segments and Market Data Break Down are illuminated below:
Jet Fuel Market is Segmented by Application (Commercial, Defense, General Avaition, Private) by Type (Aviation Turbine Fuel, Aviation Biofuel, AVGAS) by Fuel Grade (Jet A, Jet A1,, Jet B, TS-1) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Jet Fuel market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Jet Fuel market by value and volume.
• -To estimate the market shares of major segments of the Jet Fuel
• -To showcase the development of the Jet Fuel market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Jet Fuel market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Jet Fuel
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Jet Fuel market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Read Detailed Index of full Research Study: https://www.htfmarketintelligence.com/report/global-jet-fuel-market
Major highlights from Table of Contents:
Jet Fuel Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Jet Fuel market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Jet Fuel Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Jet Fuel Market Production by Region Jet Fuel Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Jet Fuel Market Report:
• Jet Fuel Overview, Definition and Classification Market drivers and barriers
• Jet Fuel Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Jet Fuel Market
• Jet Fuel Capacity, Production, Revenue (Value) by Region (2024-2031)
• Jet Fuel Supply (Production), Consumption, Export, Import by Region (2024-2031)
• Jet Fuel Production, Revenue (Value), Price Trend by Type {Aviation Turbine Fuel, Aviation Biofuel, AVGAS}
• Jet Fuel Manufacturers Profiles/Analysis Jet Fuel Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
• How feasible is Jet Fuel market for long-term investment?
• What are influencing factors driving the demand for Jet Fuel near future?
• What is the impact analysis of various factors in the Global Jet Fuel market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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