About Jet Fuel
Jet fuel is produced from processed crude oil in a petroleum processing plant. Of late, there has been emphasizing on cutting down the emission by various governing bodies such as Federal Aviation Administration, European Aviation Safety Agency (ESSA) and others. This has led to increasing focus on renewable jet fuel production and enforcing market participants for investing in product innovation in order to reduce carbon emission creating opportunities for the companies involved in bio-fuel production.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Government initiatives such as a green drive for environment protection providing lucrative opportunities for the jet fuel industry as market players are focusing on the development of biofuels for lesser carbon emission. Recently Spice Jet, an Indian air transportation services provider operated India's first biofuel-powered flight from Delhi to Dehradun in August 2018 Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Jet 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.
Exxon Mobil Corporation (United States), Bharat Petroleum Corp Ltd (India), BP plc. (United Kingdom), Chevron Corporation (United States), Royal Dutch Shell Plc (Netherlands), Vitol (United States), Allied Aviation Services, Inc. (United States), Valero Marketing and Supply (United States), PJSC Gazprom Neft (Russia), Conoco Phillips (United States), PJSC Lukoil (Russia), Mercuria Energy Group Holding SA (Switzerland) and Trafigura's Logo (Singapore) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Qatar Jet Fuel Company (Qatar) and Hoover's Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Jet Fuel market by Type (Air Turbine Fuel (ATF), Aviation Biofuel, AVGAS and Others), Application (Military, Commercial and Others) and Region.
On the basis of geography, the market of Jet 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 Application , the sub-segment i.e. Commercial Aircraft will boost the Jet Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Fuel Grade, the sub-segment i.e. Jet A-1 will boost the Jet Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Bio fuel in Aviation Industry
Market Growth Drivers:
Growing Air Transportation Infrastructure and influx in Air Traffic and Standardization of Stringent Government Emission Norms
Challenges:
Issue Related with its storage
Restraints:
Fluctuation in prices of Jet Fuel
Opportunities:
Increasing Demand of Renewable Fuel to Reduce Carbon Emission
Market Leaders and their expansionary development strategies
In June 2021, Vungle, a leading mobile performance marketing platform, announced it has entered into a definitive agreement to acquire JetFuel, an influencer marketing platform headquartered in San Francisco. JetFuel enables app developers and other advertisers to scale marketing campaigns across a network of over 15,000 fully-verified influencers, with a combined reach of over 4 billion Instagram followers, 1.5 billion TikTok followers, and 100 million daily Snapchat views.
In October 2022, Honeywell, launched a new ethanol-to-jet fuel (ETJ) processing technology to convert corn-based, cellulosic, or sugar-based ethanol into sustainable aviation fuel (SAF). The latest technology was developed at the Honeywell India Technology Center in Gurugram.
Key Target Audience
Jet Fuel Manufacturers, Aviation Industry, Government bodies, Market research firms, 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.