Global Aviation Fuel Market Soars to $305.3 Billion in 2022 as Air Travel Surges


DUBLIN, Sept. 13, 2023 /PRNewswire/ — The “Aviation Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to  ResearchAndMarkets.com’s providing.


The worldwide aviation gas market has witnessed substantial development, attaining a market measurement of US$ 305.3 billion in 2022. Wanting forward, trade consultants undertaking continued enlargement, with the market poised to succeed in US$ 404.5 billion by 2028. This development trajectory displays a constant compound annual development fee (CAGR) of 4.4% through the interval of 2023-2028.

Aviation gas, a extremely refined petroleum-based gas, is engineered to ship excessive power output with minimal emissions. Boasting a superior power content material and excessive power density, it allows plane to cowl lengthy distances at excessive speeds. Handled with components reminiscent of antioxidants, antistatic brokers, and corrosion inhibitors, aviation gas is tailor-made to reinforce efficiency and security.

This gas affords plane a number of advantages, together with stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and explosion prevention. It’s saved and transported utilizing specialised tools to make sure protected utilization in plane, minimizing the danger of leaks and fires.

Key Highlights:

  1. Rising Air Journey: The escalating variety of air passengers globally and the continual development within the aviation trade are pivotal drivers of aviation gas demand.
  2. Airline Operations: Modifications in airline operations, together with scheduling, fleet measurement, and route networks, have a major constructive affect in the marketplace.
  3. Protection and Army: Investments within the protection and army sectors, coupled with aviation gas’s use in surveillance, contribute to market development.
  4. Humanitarian Reduction: Aviation gas finds elevated utilization in transporting ambulatory sufferers throughout aeromedical evacuations and offering humanitarian aid in areas liable to extreme climate situations.
  5. Sustainable Aviation Gas (SAF): Key trade gamers are introducing sustainable aviation gas constituted of renewable feedstocks, decreasing greenhouse fuel emissions. Biofuels produced from organic supplies are additionally gaining traction.
  6. Air Freight: The demand for air freight, acknowledged because the quickest methodology of worldwide items transportation, fuels market development.

Key Market Segmentation:

The report affords a complete evaluation of the worldwide aviation gas market, together with segmentation by gas sort, plane sort, and end-use:

Breakup by Gas Kind:

  • Jet A
  • Jet A1
  • Jet B
  • JP 5
  • JP 8
  • Avgas
  • Biofuel

Breakup by Plane Kind:

  • Fastened Wings
  • Rotorcraft
  • Others

Breakup by Finish-Use:

  • Business
  • Army
  • Personal
  • Others

Breakup by Area:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Center East and Africa

Aggressive Panorama:

The report options an intensive evaluation of the aggressive panorama, together with key gamers reminiscent of Abu Dhabi Nationwide Oil Firm, Bharat Petroleum Corp. Ltd., BP plc, Chevron Company, China Aviation Oil (Singapore) Company Ltd, Exxon Mobil Company, Indian Oil Company Ltd., Neste Oyj, Oman Oil Advertising and marketing Firm SAOG, Petroleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE, Vitol, and extra.

Key Questions Answered:

The report addresses very important questions, together with:

  1. Market Efficiency: How has the worldwide aviation gas market carried out thus far, and what’s the outlook for the approaching years?
  2. Market Drivers: What are the important thing drivers, restraints, and alternatives within the world aviation gas market?
  3. Influence Evaluation: What’s the influence of every driver, restraint, and alternative on the worldwide aviation gas market?
  4. Regional Markets: What are the important thing regional markets within the world aviation gas trade?
  5. Gas Preferences: What’s the breakdown of the market by gas sort, and which is probably the most engaging gas within the aviation gas market?
  6. Plane Varieties: What’s the breakdown of the market by plane sort, and which is probably the most engaging plane sort within the aviation gas market?
  7. Finish-Use Sectors: What’s the breakdown of the market by end-use sector, and which is probably the most engaging sector within the aviation gas market?
  8. Aggressive Panorama: What’s the aggressive construction of the worldwide aviation gas market, and who’re the important thing gamers?
  9. Competitors Stage: What’s the diploma of competitors within the world aviation gas market?

Key Attributes:

Report Attribute

Particulars

No. of Pages

143

Forecast Interval

2022 – 2028

Estimated Market Worth (USD) in 2022

$305.3 Billion

Forecasted Market Worth (USD) by 2028

$404.5 Billion

Compound Annual Development Fee

4.8 %

Areas Lined

International

For extra details about this report go to https://www.researchandmarkets.com/r/qn8ofq

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