Market Overview:
The global aircraft fuel market is estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period. The growth of the market can be attributed to the increasing demand for air travel, rising number of aircraft deliveries, and increase in military expenditure. Based on type, the avgas segment is estimated to account for a larger share of the global aircraft fuel market in 2018. This segment is projected to grow at a CAGR of XX% from 2018 to 2030. The jet fuel segment is expected grow at a higher rate than avgas during the forecast period. Based on application, military aviation accounted for majority share of the global aircraft fuel market in 2017 and this trend is expected continue duringthe forecast period as well.
Product Definition:
Aircraft fuel is a type of fuel used to power aircraft. It is particularly important for piston-engined and turboprop aircraft, which use large amounts of fuel and rely on it for both takeoff and cruising.
Avgas:
Avgas, also known as aviation spirit or avtur, is a type of gasoline used in aircraft. It is produced from various sources including crude oil and natural gas. The U.S., Brazil, the United Kingdom, Norway are some of the largest producers of petroleum products globally and among these countries; U.S produces more than half of the world's total supply (51% by volume).
Jet Fuel:
Jet fuel is a type of aviation fuel that is produced from oils and greases derived from ground up coal. Jet fuels are also known as avgas which stands for aviation gasoline. Jet Fuel can be further segmented into two types namely, distillate jetfuel and premium jetfuel. The major difference between the two types being their additives & chemicals composition to improve efficiency & performance respectively.
Application Insights:
The military segment dominated the global aircraft fuel market, accounting for a share of 59.6% in 2017. The growth can be attributed to the increasing defense budget by various governments across the world for developing and purchasing new aircraft fleets. For instance, according to data published by OAG Aviation Market Analysis on April 26, 2018, government is expected to invest USD 456 billion in civil aviation over the next 20 years which would create more than 1 million jobs globally. However, it should be noted that not all these investments are projected to take place in North America and Europe due largely to political uncertainty post-Brexit and after presidential elections held this year across major economies including U.S., France and China among others).
Regional Analysis:
Asia Pacific accounted for the largest share of over 42% in 2017. The region is expected to witness significant growth owing to increasing demand from emerging economies, such as China and India. In addition, rising disposable income levels coupled with increased passenger traffic is anticipated to drive the market further.
The Middle East & Africa was the second-largest consumer of aircraft fuel in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to rapid development across major cities including Dubai, Abu Dhabi and Doha among others.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers opting for air travel. This is expected to drive the demand for aircraft fuel in the coming years.
- Stringent environmental regulations: Governments across the world are implementing stringent environmental regulations, which is leading to an increase in the use of biofuels and other alternative fuels in aircrafts. This is likely to boost the growth of the aircraft fuel market in future.
- Technological advancements: Aircraft manufacturers are investing heavily in research and development activities to develop new technologies that would help reduce emissions from aircrafts and improve their fuel efficiency. This is expected to create opportunities for growth of the aircraft fuel market over next few years.
- due to geopolitical factors such as supply disruptions from Iraq and Libya coupled with increased demand from China and India .This has resulted in an increase in production costs for airlines, which has led themto pass on some partof these costs onto consumers through higher ticket prices .This trendis likely tobuild further momentumin futureand drivethegrowthoftheaircraftfuelmarketacrossthe globe . 5) Growing popularityof low-cost carriers: Low-cost carriers (LCCs) have been witnessing a surge ingrowth ratesince they offer competitive fares compared with full service airlines (F
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Fuel Market Research Report
By Type
Avgas, Jet Fuel
By Application
Military, Civil
By Companies
Exxon Mobil, Shell, BP, Total, Chevron, PDVSA, Texaco, Kuwait Petroleum, Tosco, Exxon Mobil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Fuel Market Report Segments:
The global Aircraft Fuel market is segmented on the basis of:
Types
Avgas, Jet Fuel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- Shell
- BP
- Total
- Chevron
- PDVSA
- Texaco
- Kuwait Petroleum
- Tosco
- Exxon Mobil
Highlights of The Aircraft Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Avgas
- Jet Fuel
- By Application:
- Military
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft fuel is a type of fuel used in aircraft. It is composed of a variety of hydrocarbons, including gasoline, diesel, and kerosene.
Some of the major companies in the aircraft fuel market are Exxon Mobil, Shell, BP, Total, Chevron, PDVSA, Texaco, Kuwait Petroleum, Tosco, Exxon Mobil.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Fuel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Aircraft Fuel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aircraft Fuel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Aircraft Fuel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Aircraft Fuel Market Size & Forecast, 2020-2028 4.5.1 Aircraft Fuel Market Size and Y-o-Y Growth 4.5.2 Aircraft Fuel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Avgas
5.2.2 Jet Fuel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Fuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Fuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Avgas
9.6.2 Jet Fuel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Avgas
10.6.2 Jet Fuel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Avgas
11.6.2 Jet Fuel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Avgas
12.6.2 Jet Fuel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Avgas
13.6.2 Jet Fuel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Fuel Market: Competitive Dashboard
14.2 Global Aircraft Fuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 Shell
14.3.3 BP
14.3.4 Total
14.3.5 Chevron
14.3.6 PDVSA
14.3.7 Texaco
14.3.8 Kuwait Petroleum
14.3.9 Tosco
14.3.10 Exxon Mobil