Market Overview:
The global jet fuel oil 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 air travel, rising disposable income, and growing urbanization. Additionally, the expansion of the airport infrastructure and increase in the number of aircraft are also contributing factors to the growth of this market. Based on type, Jet A fuel oil held a major share in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to its superior quality as compared to other types of jet fuels available in the market.
Product Definition:
Jet fuel oil is a type of petroleum-based liquid that is used to power jet engines. It is a very high-quality, refined product that can be used in any type of jet engine. Jet fuel oil is important because it allows airplanes to travel long distances and carry large amounts of cargo.
Jet A Fuel Oil:
Jet A fuel oil is a type of petroleum based, kerosene-like fuel used in the aviation industry. Jet A can be further divided into two types: 100% jet A and jet B. The major difference between them is that jet B has additives to improve its burning properties, whereas pure jet A does not have any additives added to it. Jet AFoam is also known as JP-8 or JPO (Japan Petroleum).
Jet A-1 Fuel Oil:
Jet A-1 is a type of fuel oil which is produced from distillates and residuals obtained from the fractional distillation of heavy oils. It consists of groups and compounds similar to jet fuel oil (JFO). Jet A-1 Fuel Oil has high viscosity, low flash point, contains sulfur & aromatics in significant quantities, and has an additive package to prevent corrosion.
Application Insights:
The civil application segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing air traffic and passenger traffic across major airports globally. Furthermore, governments have implemented various initiatives to promote tourism including building new hotels and resorts at popular tourist destinations which has resulted in increased demand for fuel oil in commercial aviation operations worldwide.
Civil aviation is expected to witness significant growth over the forecast period owing to rising disposable income levels among consumers as well as rapid urbanization that has led them towards flying via air travel instead of using rail or road transport services due to their higher costs and less availability compared with air services around the world thus propelling demand for jet fuel oil globally over the projected period of time.
Regional Analysis:
North America was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030. The growth is majorly driven by the U.S., which accounted for over 80% of North America market share in 2017 owing to high demand and extensive usage across various applications including civil, military, marine, and aerospace sectors.
The Middle East & Africa is expected to be one of the fastest-growing regions with a CAGR of XX% from 2018 to 2030 due to increasing oil production capacity in countries such as Saudi Arabia (SAR), UAE (UAE), Iran (Islamic Republic Of Iran) etc., which will drive fuel consumption over the forecast period. Moreover, rising investments coupled with developments are also expected to have a positive impact on industry growth over next eight years or so.
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is driving the demand for jet fuel oil.
- Growing economies in Asia Pacific: The economies in Asia Pacific are growing at a fast pace, which is resulting in an increase in the number of people travelling by air. This is fuelling the demand for jet fuel oil.
- Expansion of airline fleets: Airlines are expanding their fleets to meet the rising demand for air travel. This is leading to an increase in the need for jet fuel oil.
- . Rising prices of crude oil: The price of crude oil has been increasing over the past few years, which has led to an increase in the cost of jet fuel oil production and distribution .This is making airlines more dependent on Jet Fuel Oil and driving its growth . 5) Technological advancements : Advancements such as 3D printing have helped reduce wastage and improved turnaround time during maintenance, fueling faster growth prospects for Jet Fuel Oil market
Scope Of The Report
Report Attributes
Report Details
Report Title
Jet Fuel Oil Market Research Report
By Type
Jet A Fuel Oil, Jet A-1 Fuel Oil, Jet B Fuel Oil
By Application
Civil, Military
By Companies
Air BP, Chevron, Exide, Exxon Mobil, Gazprom, Shell, AltAir Fuels, Amyris, Gevo, Hindustan petroleum, Honeywell, LanzaTech, Neste Oil, Primus Green Energy, SkyNRG, Solazyme, Solena Fuels, Statoil
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 Jet Fuel Oil Market Report Segments:
The global Jet Fuel Oil market is segmented on the basis of:
Types
Jet A Fuel Oil, Jet A-1 Fuel Oil, Jet B Fuel Oil
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
Civil, Military
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:
- Air BP
- Chevron
- Exide
- Exxon Mobil
- Gazprom
- Shell
- AltAir Fuels
- Amyris
- Gevo
- Hindustan petroleum
- Honeywell
- LanzaTech
- Neste Oil
- Primus Green Energy
- SkyNRG
- Solazyme
- Solena Fuels
- Statoil
Highlights of The Jet Fuel Oil 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:
- Jet A Fuel Oil
- Jet A-1 Fuel Oil
- Jet B Fuel Oil
- By Application:
- Civil
- Military
- 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 Oil 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?
Jet fuel oil is a type of petroleum-based fuel used in jet engines. It is made up of a blend of kerosene and gasoline, with additives to improve performance.
Some of the major companies in the jet fuel oil market are Air BP, Chevron, Exide, Exxon Mobil, Gazprom, Shell, AltAir Fuels, Amyris, Gevo, Hindustan petroleum, Honeywell, LanzaTech, Neste Oil, Primus Green Energy, SkyNRG, Solazyme, Solena Fuels, Statoil.
The jet fuel oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Jet Fuel Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Jet Fuel Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Jet Fuel Oil Market - Supply Chain
4.5. Global Jet Fuel Oil Market Forecast
4.5.1. Jet Fuel Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Jet Fuel Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Jet Fuel Oil Market Absolute $ Opportunity
5. Global Jet Fuel Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Jet Fuel Oil Market Size and Volume Forecast by Type
5.3.1. Jet A Fuel Oil
5.3.2. Jet A-1 Fuel Oil
5.3.3. Jet B Fuel Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Jet Fuel Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Jet Fuel Oil Market Size and Volume Forecast by Application
6.3.1. Civil
6.3.2. Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Jet Fuel Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Jet Fuel Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Jet Fuel Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Jet Fuel Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Jet Fuel Oil Demand Share Forecast, 2019-2026
9. North America Jet Fuel Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Jet Fuel Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Jet Fuel Oil Market Size and Volume Forecast by Application
9.4.1. Civil
9.4.2. Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Jet Fuel Oil Market Size and Volume Forecast by Type
9.7.1. Jet A Fuel Oil
9.7.2. Jet A-1 Fuel Oil
9.7.3. Jet B Fuel Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Jet Fuel Oil Demand Share Forecast, 2019-2026
10. Latin America Jet Fuel Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Jet Fuel Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Jet Fuel Oil Market Size and Volume Forecast by Application
10.4.1. Civil
10.4.2. Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Jet Fuel Oil Market Size and Volume Forecast by Type
10.7.1. Jet A Fuel Oil
10.7.2. Jet A-1 Fuel Oil
10.7.3. Jet B Fuel Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Jet Fuel Oil Demand Share Forecast, 2019-2026
11. Europe Jet Fuel Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Jet Fuel Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Jet Fuel Oil Market Size and Volume Forecast by Application
11.4.1. Civil
11.4.2. Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Jet Fuel Oil Market Size and Volume Forecast by Type
11.7.1. Jet A Fuel Oil
11.7.2. Jet A-1 Fuel Oil
11.7.3. Jet B Fuel Oil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Jet Fuel Oil Demand Share, 2019-2026
12. Asia Pacific Jet Fuel Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Jet Fuel Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Jet Fuel Oil Market Size and Volume Forecast by Application
12.4.1. Civil
12.4.2. Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Jet Fuel Oil Market Size and Volume Forecast by Type
12.7.1. Jet A Fuel Oil
12.7.2. Jet A-1 Fuel Oil
12.7.3. Jet B Fuel Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Jet Fuel Oil Demand Share, 2019-2026
13. Middle East & Africa Jet Fuel Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Jet Fuel Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Jet Fuel Oil Market Size and Volume Forecast by Application
13.4.1. Civil
13.4.2. Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Jet Fuel Oil Market Size and Volume Forecast by Type
13.7.1. Jet A Fuel Oil
13.7.2. Jet A-1 Fuel Oil
13.7.3. Jet B Fuel Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Jet Fuel Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Jet Fuel Oil Market: Market Share Analysis
14.2. Jet Fuel Oil Distributors and Customers
14.3. Jet Fuel Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air BP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chevron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exide
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exxon Mobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gazprom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AltAir Fuels
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amyris
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gevo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hindustan petroleum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honeywell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LanzaTech
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Neste Oil
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Primus Green Energy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SkyNRG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Solazyme
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Solena Fuels
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Statoil
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
