Aviation Fuel Market 2023 Global Competition by Opportunity Assessment and Forecast by 2030Posted by Amrut Mahajani on February 24th, 2023  The aviation industry has grown significantly over the years, and as a result, there has been an increased demand for aviation fuel. Aviation Fuel Market size is expected to grow from USD 249.9 billion in 2022 to USD 696.2 billion by 2030, at a CAGR of 13.7% during the forecast period. The report "Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030" provides an in-depth analysis of the aviation fuel market, covering various aspects such as market trends, growth drivers, challenges, and opportunities. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231148230 One of the major factors driving the aviation fuel market is the growing demand to reduce GHG emissions and better fuel efficiency of sustainable aviation fuel (SAF) compared to jet fuel. With the increasing concerns over climate change and global warming, many industries are looking for ways to reduce their carbon footprint. The aviation industry is no exception. SAF is a renewable fuel that is produced from sustainable feedstocks, such as waste oils and non-food crops. It has been shown to reduce GHG emissions by up to 80% compared to traditional jet fuel, making it an attractive alternative for the aviation industry. The report provides a comprehensive analysis of the aviation fuel market by fuel type, aircraft type, and region. Based on aircraft type, the hybrid wing UAV segment is projected to grow at a higher CAGR during the forecast period. Hybrid UAVs are widely used for long-range and heavy payload applications, such as SAR operations and crop management. With some vehicles exceeding eight hours of flight time, they are often more practical and cost-efficient than traditional aircraft. The increasing number of long-range applications of hybrid UAVs is expected to lead to significant growth in this market in the coming years. Based on fuel type, the Jet A-1 segment of the conventional fuel segment is expected to grow at the highest CAGR in the aviation fuel market during the forecast period. Rising demand for Jet A-1 fuel outside the US is expected to drive the overall demand in the aviation fuel market. Jet A-1 is a kerosene-based fuel that is widely used in commercial aviation. It has a lower freezing point than other types of aviation fuel, making it suitable for use in colder climates. Latin America is expected to be the fastest-growing region for the aviation fuel market during the forecast period. Brazil is a major market for aviation fuel in the region due to its flourished aviation industry. In addition, the presence of major commercial aircraft OEMs and increasing tourism activities in the region are among the crucial factors anticipated to fuel the regional demand for aviation fuel. The report also provides an overview of the major players operating in the aviation fuel market, including Exxon Mobil Corporation, Chevron Corporation, British Petroleum, Shell, TotalEnergies, Neste, Gazprom, World Fuel Service, Indian Oil Corporation, and Valero Energy Corporation, among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In conclusion, the aviation fuel market is expected to grow significantly in the coming years, driven by the growing demand to reduce GHG emissions and better fuel efficiency of SAF compared to jet fuel. The report provides an in-depth analysis of the market, covering various aspects such as market trends, growth drivers, challenges, and opportunities. It also provides insights into the major players operating in the market and their strategies. As such, the report is a valuable resource for stakeholders looking to invest in the aviation fuel market. Our Other Publications: Homeland Security and Emergency Management Market by Vertical (Homeland Security, Emergency Management), Solution (Systems, Services), Installation (New Installation, Upgrade), End Use, Technology, and Region (2021-2026) Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Full-Body Scanners Market by End Use (Transport, Critical Infrastructure), Technology (X-ray, millimeter wave), Type (single view, dual view, 3D), Detection (Manual, Automatic) Component (Hardware, Software) and Region - Global Forecast to 2027 Contact: Like it? Share it! More by this author |