Global Jet Kerosene Market Overview:
Kerosene requires the raw materials such as petroleum or crude oil. It is the high quality fuel with efficient properties. Jet Kerosene contains hydrocarbons and other impurities such as sulfur. Hence, the jet fuel is highly refined kerosene which is designed for the usage in aircraft. In addition, it is used in hydraulic fuel in engine control systems and fuel system components. The kerosene jet fuel has carbon number in between 8 to 15 and includes Jet A, Jet A-1, JP-5, and JP-8. Furthermore, Jet fuel appears as colorless to straw colored. These properties are increasing the demand for Jet kerosene.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shift of Preference of Traveling Towards the Airlines
Market Growth Drivers:
Rising Airline Industry is Fueling the Growth of Jet Kerosene and Increasing Per Capita Income of Emerging Economies
Challenges:
Competitive Pricing of Airline Services Owing to Increased Competition.
Restraints:
Price Volatility of Jet Kerosene May Hamper the Market
Opportunities:
Increasing Liberalisation of Airlines is Propelling the Market Growth and Growing Global Trade is Boosting the Airline Fuel Market
Competitive Landscape:
The competitive landscape of jet kerosene is dominated by major oil companies and refineries that produce and distribute aviation fuels. Companies like ExxonMobil, Shell, BP, Chevron, and TotalEnergies are key players in the global jet fuel market. They have extensive refining and distribution networks, established supply contracts with airlines, and strong brand recognition. Additionally, national oil companies and regional suppliers also play a significant role in specific markets, providing competition and alternative supply sources. The market is characterized by intense competition based on pricing, product quality, reliability of supply, and customer service.
Some of the key players profiled in the report are Qatar Jet Fuel (Qatar), Birmingham Fuel Oils (United Kingdom), Bharat Petroleum (India), Carrington Investment (United Kingdom), K & S Financial Group (United States), Air BP (United Kingdom), Chevron (United States), Exxon Mobil (United States), Shell (Netherlands) and Neste (Finland). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Jet Kerosene market by 2028.
Latest Market Insights:
In March 2019, Shell has completed the acquisition of Sonnen which is a manufacturer of smart storage systems.
In January 2023, BPCL launches low-smoke superior kerosene oil for Indian Army in Jammu. BPCL has emerged as the first OMC to commence the supply of the new LSLA grade SKO supplies to the Army, which will go a long way in improving the serving environment and alleviate the issues related to smoke and smell in use of SKO.
United States Environmental Protection Agency has adopted the emission standards for aircraft gas turbine and thrusts greater than 26.7 kilo newton. These type of engines are used in commercial passenger and freight aircraft.
What Can be Explored with the Jet Kerosene Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Jet Kerosene Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Jet Kerosene
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Jet Kerosene market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Jet Kerosene market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.