About Aviation Fuel
Aviation Fuel is referred to the petroleum-based fuel used for aircraft. It is made of crude oil. It is extremely refined kerosene that can be applicable in turbine engines as well as in diesel piston engines. There is two type of aviation fuel including Conventional Aviation Fuel (Jet Fuel, Avgas), Emerging Aviation Fuel (Biofuel, Compress Natural Gas). Growing demand in the military & civil application will help to expand the aviation fuel market globally.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.97% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aviation Fuel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chevron (United States), Exxon Mobil (United States), Gazprom (Russia), Royal Dutch Shell (Netherlands), HPCL (India), Qatar Jet Fuel Company (Qatar), BP p.l.c (United Kingdom), Vitol (Switzerland), Allied Aviation Services, Inc. (United States) and Valero Marketing and Supply (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gazprom Neft PJSC (Russia), Hoover's Inc. (United States) and PJSC Lukoil (Russia).
Segmentation Overview
AMA Research has segmented the market of Global Aviation Fuel market by Type (Conventional Aviation Fuel (Jet Fuel, Avgas) and Emerging Aviation Fuel (Boifuel, Compress Natural Gas)), Application (Aircraft (Commercial, Passenger, Cargo, Military, Business) and Helicopter) and Region.
On the basis of geography, the market of Aviation Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Military will boost the Aviation Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Air Cargo Transportation and Fueling Demand of biofuel by EU
Market Growth Drivers:
Rising Number of Passenger Aircraft and Growing Dependency on Aircraft in Military Applications
Challenges:
Variation in Prices of Fuel Due fluctuation in Crude Oil
Restraints:
High Production Price and Lack of Knowledge about Commercial Production
Opportunities:
Up Surging Demand in Developing Nations and Increasing Demand For Renewable Aviation Fuel
Market Leaders and their expansionary development strategies
On 2nd November 2018, Gazprom Neft has launched its robotized fuel loading system for airfield tankers at Sheremetyevo airport, Russia. This is done with help by “Manipulation system” or robotic arm.
In the United States, EPA has confirmed conclusions that GHG emissions from certain classes of engines used in aircraft add to the air pollution that causes climate change risking public health and welfare under section 231(a) of the Clean Air Act.
Key Target Audience
Aviation Fuel Manufacturers, Aerospace and Defense Industry, Government Bodies, Government Market Research Firms, Private Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.