Press release
Aviation Fuel Market Growth | Trends, Forecasts & Global Demand 2025 | Top key players - Atmosfair, Shell Aviation, World Energy.
Aviation Fuel Market
The Global Aviation Fuel Market reached US$ 211.5 billion in 2023 and is expected to reach US$ 599.1 million by 2031, growing with a CAGR of 13.9% during the forecast period 2024-2031.
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The Aviation Fuel Market refers to the global industry focused on producing and supplying fuel specifically designed for aircraft. It includes different types like jet fuel and aviation gasoline, catering to both commercial and military aviation. This market is influenced by air travel demand, fuel efficiency innovations, and sustainability efforts, including the growing interest in bio-based and synthetic aviation fuels.
Major players in the Aviation Fuel Market
The prominent players in Aviation Fuel market research report are: Atmosfair, Shell Aviation, World Energy, Neste, Gevo Inc, Honeywell International, Johnson Matthey, Exxon Mobil Corporation, Chevron Corporation, BP plc.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In May 2023, Honeywell International Inc. introduced a cutting-edge technology that enables the creation of lower-carbon aviation fuel. By combining green hydrogen and carbon, the process marks a major step toward reducing emissions in the aviation sector.
Following that, in July 2023, Gevo, Inc. and McDermott International Inc. entered into a master services agreement. McDermott will provide front-end engineering and early planning to support Gevo's development of multiple sustainable aviation fuel (SAF) facilities across North America-accelerating the shift toward greener air travel.
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Market Segments
By Fuel: Conventional Fuel, Sustainable Fuel.
By Aircraft: Commercial Aircraft, Private Aircraft, Military Aircraft.
The Aviation Fuel industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Aviation Fuel Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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