Market Overview:
The global jet fuel additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for passenger and freighter aircrafts, cargo aircrafts, and the rising awareness about the benefits of jet fuel additives among end-users. Based on type, the global jet fuel additives market is segmented into icing inhibitors, antioxidants, antiknock additives, metal deactivators, conductivity improvers and corrosion inhibitors. Antioxidants are projected to be the fastest-growing type segment during the forecast period owing to their ability to improve engine performance and reduce emissions. Based on application, the global jet fuel additive market is segmented into passenger aircrafts and freighter aircrafts; cargo aircrafts; military aviation; general aviation; and others (marine vessels etc.). Passenger Aircrafts are estimated account for majority share in terms of revenue in 2018 followed by Cargo Aircraft due high adoption rate across different regions coupled with increase in air travel globally .
Product Definition:
Jet fuel additives are chemicals that are added to jet fuel in order to improve its performance. They can help to reduce emissions, improve engine efficiency, and extend the life of the jet fuel.
Icing Inhibitors:
Icing inhibitors are chemicals that prevent the formation of ice on fuel during its transportation. They do this by lowering the freezing point of water or alcohol in a mixture. Icing inhibitors are added to jet fuels to lower the chance of engine failure due to frozen fuel lines and valves. The primary function of icing inhibitors is to protect against damage caused by arctic conditions at high altitude, which can lead to an engine fire if untreated.
Antioxidants:
Antioxidants are chemicals that prevent the oxidation of other compounds. Oxidation is a chemical reaction where free radicals are produced which can damage cell structure and cause cancer. Antioxidants prevent or delay the oxidation of other compounds by reacting with them first. They act as an electron donor and an electron acceptor simultaneously.
Application Insights:
Passenger and freighter aircrafts were the major application segment of the global jet fuel additives market, accounting for over 70% of the total revenue in 2017. The demand for passenger aircraft is expected to grow at a CAGR of XX% from 2018 to 2030, while that for freighter aircraft is expected to grow at a CAGR of XX%.
The cargo segment has witnessed significant growth in recent years owing to increasing air traffic across various airports globally. According to aviation statistics published by International Air Transport Association (IATA), an increase in air traffic by around 10% was observed during 2016 compared with 2015, which further rose to 18% increase during 2017 compared with 2016. This significant rise can be attributed largely towards growing e-commerce activities worldwide coupled with rapid urbanization and industrial development along with infrastructure development within emerging economies such as India China etc.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of a large number of key aircraft manufacturers in this region. The U.S., being the largest consumer market, has led North America's demand for jet fuel additives over the past few years and is expected to continue its dominance during the forecast period.
Asia Pacific is projected to be one of fastest-growing regions with a CAGR exceeding 5.0% from 2018 to 2030 due to increasing passenger traffic and rapid industrialization across emerging economies such as China and India along with other Southeast Asian countries that are major consumers of aviation fuels globally including Indonesia, Malaysia, Thailand etc.; thus driving growth across this region significantly during forecast period from 2018 To 2030 (as per IATA).
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 travelling for both business and leisure purposes. This is expected to drive the demand for jet fuel additives in the coming years.
- Stringent environmental regulations: Governments across the world are implementing stringent environmental regulations governing emissions from aircrafts and airports. This is expected to create opportunities for jet fuel additives manufacturers in the near future.
- Development of new airports: A large number of new airports are being developed across Asia Pacific, Latin America, and Africa to cater to the rising demand for air travel. This is likely to boost the demand for jet fuel additives in these regions over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Jet Fuel Additives Market Research Report
By Type
Icing Inhibitors, Antioxidants, Antiknock Additives, Metal Deactivators, Conductivity Improvers, Corrosion Inhibitors
By Application
Passenger and Freighter Aircrafts, Cargo Aircrafts
By Companies
Afton Chemical, BASF, GE, Innospec, Shell, Chemours, Dow Chemical, Dorf Ketal, Hammonds, Lanxess, Afton Chemical, NALCO, Cummins Filtration
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Jet Fuel Additives Market Report Segments:
The global Jet Fuel Additives market is segmented on the basis of:
Types
Icing Inhibitors, Antioxidants, Antiknock Additives, Metal Deactivators, Conductivity Improvers, Corrosion Inhibitors
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
Passenger and Freighter Aircrafts, Cargo Aircrafts
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:
- Afton Chemical
- BASF
- GE
- Innospec
- Shell
- Chemours
- Dow Chemical
- Dorf Ketal
- Hammonds
- Lanxess
- Afton Chemical
- NALCO
- Cummins Filtration
Highlights of The Jet Fuel Additives 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:
- Icing Inhibitors
- Antioxidants
- Antiknock Additives
- Metal Deactivators
- Conductivity Improvers
- Corrosion Inhibitors
- By Application:
- Passenger and Freighter Aircrafts
- Cargo Aircrafts
- 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 Jet Fuel Additives 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
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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?
Jet fuel additives are chemicals that are added to jet fuel in order to improve its performance. These additives can help the fuel burn more efficiently, which in turn results in a longer flight time and reduced emissions.
Some of the major players in the jet fuel additives market are Afton Chemical, BASF, GE, Innospec, Shell, Chemours, Dow Chemical, Dorf Ketal, Hammonds, Lanxess, Afton Chemical, NALCO, Cummins Filtration.
The jet fuel additives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Jet Fuel Additives 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 Jet Fuel Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Jet Fuel Additives 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 Jet Fuel Additives 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 Jet Fuel Additives Market Size & Forecast, 2018-2028
4.5.1 Jet Fuel Additives Market Size and Y-o-Y Growth
4.5.2 Jet Fuel Additives Market Absolute $ Opportunity
Chapter 5 Global Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Type
5.2.1 Icing Inhibitors
5.2.2 Antioxidants
5.2.3 Antiknock Additives
5.2.4 Metal Deactivators
5.2.5 Conductivity Improvers
5.2.6 Corrosion Inhibitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Applications
6.2.1 Passenger and Freighter Aircrafts
6.2.2 Cargo Aircrafts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Jet Fuel Additives 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 Jet Fuel Additives 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 Jet Fuel Additives Analysis and Forecast
9.1 Introduction
9.2 North America Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Type
9.6.1 Icing Inhibitors
9.6.2 Antioxidants
9.6.3 Antiknock Additives
9.6.4 Metal Deactivators
9.6.5 Conductivity Improvers
9.6.6 Corrosion Inhibitors
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 Jet Fuel Additives Market Size Forecast by Applications
9.10.1 Passenger and Freighter Aircrafts
9.10.2 Cargo Aircrafts
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 Jet Fuel Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Type
10.6.1 Icing Inhibitors
10.6.2 Antioxidants
10.6.3 Antiknock Additives
10.6.4 Metal Deactivators
10.6.5 Conductivity Improvers
10.6.6 Corrosion Inhibitors
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 Jet Fuel Additives Market Size Forecast by Applications
10.10.1 Passenger and Freighter Aircrafts
10.10.2 Cargo Aircrafts
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 Jet Fuel Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Type
11.6.1 Icing Inhibitors
11.6.2 Antioxidants
11.6.3 Antiknock Additives
11.6.4 Metal Deactivators
11.6.5 Conductivity Improvers
11.6.6 Corrosion Inhibitors
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 Jet Fuel Additives Market Size Forecast by Applications
11.10.1 Passenger and Freighter Aircrafts
11.10.2 Cargo Aircrafts
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 Jet Fuel Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Jet Fuel Additives 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 Jet Fuel Additives Market Size Forecast by Type
12.6.1 Icing Inhibitors
12.6.2 Antioxidants
12.6.3 Antiknock Additives
12.6.4 Metal Deactivators
12.6.5 Conductivity Improvers
12.6.6 Corrosion Inhibitors
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 Jet Fuel Additives Market Size Forecast by Applications
12.10.1 Passenger and Freighter Aircrafts
12.10.2 Cargo Aircrafts
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) Jet Fuel Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Jet Fuel Additives 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) Jet Fuel Additives Market Size Forecast by Type
13.6.1 Icing Inhibitors
13.6.2 Antioxidants
13.6.3 Antiknock Additives
13.6.4 Metal Deactivators
13.6.5 Conductivity Improvers
13.6.6 Corrosion Inhibitors
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) Jet Fuel Additives Market Size Forecast by Applications
13.10.1 Passenger and Freighter Aircrafts
13.10.2 Cargo Aircrafts
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 Jet Fuel Additives Market: Competitive Dashboard
14.2 Global Jet Fuel Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afton Chemical
14.3.2 BASF
14.3.3 GE
14.3.4 Innospec
14.3.5 Shell
14.3.6 Chemours
14.3.7 Dow Chemical
14.3.8 Dorf Ketal
14.3.9 Hammonds
14.3.10 Lanxess
14.3.11 Afton Chemical
14.3.12 NALCO
14.3.13 Cummins Filtration
