The global aviation fuel market reached a value of US$ 288.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 387.60 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Aviation fuel is a colorless, combustible, and straight-run petroleum distillate utilized for aircraft propulsion. It is also used as a coolant or heat sink while providing high thermal stability to the engine and airframe. Besides this, it is employed as a hydraulic fluid to convey pressure signals in the control system and position engine devices, such as the compressor stator vane and compressor air bleed valve positions, to achieve ideal operating conditions. Aviation fuel offers several advantages to aircraft, including stability, lubricity, fluidity, volatility, non-corrosivity, cleanliness, and prevents the risk of explosion and deposit formation in the turbine after mixing with additives.
Aviation Fuel Market Trends:
At present, there is a considerable rise in the usage of aviation fuel in military aircraft to increase fuel efficiency and reduce operational costs across the globe. This, along with the burgeoning aircraft industry, represents one of the key factors driving the market. Moreover, there is a rise in air transportation due to economic and demographic growth around the world. This, coupled with the increasing development of airports for better connectivity, is strengthening the growth of the market. Additionally, key market players are investing in research and development (R&D) activities to introduce biofuels that can significantly reduce carbon emissions. In line with this, the growing demand for sustainable aviation fuel (SAF) as an alternative to fossil fuels is positively influencing the market. Apart from this, the escalating demand for air freight as it is the fastest way of transporting goods internationally is offering lucrative growth opportunities to industry investors. Other growth-inducing factors expected to strengthen the market growth are rapid economic development and the rising production of aviation fuel.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation fuel market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fuel, aircraft and end use.
Breakup by Fuel:
- Jet A
- Jet A1
- Jet B
- JP 5
- JP 8
- Avgas
- Biofuel
Breakup by Aircraft:
- Fixed Wings
- Rotorcraft
- Others
Breakup by End Use:
- Commercial
- Military
- Private
- Others
Breakup by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abu Dhabi National Oil Company, Bharat Petroleum Corp. Ltd., BP plc, Chevron Corporation, China Aviation Oil (Singapore) Corporation Ltd, Exxon Mobil Corporation, Indian Oil Corporation Ltd., Neste Oyj, Oman Oil Marketing Company SAOG, Petroleo Brasileiro S.A. (Petrobras), Shell plc, TotalEnergies SE and Vitol.
Key Questions Answered in This Report:
- How has the global aviation fuel market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aviation fuel market?
- What are the key regional markets?
- What is the breakup of the market based on the fuel?
- What is the breakup of the market based on the aircraft?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aviation fuel market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Aviation Fuel Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fuel
- 6.1 Jet A
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Jet A1
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Jet B
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 JP 5
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 JP 8
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Avgas
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Biofuel
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Aircraft
- 7.1 Fixed Wings
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Rotorcraft
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Commercial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Military
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Private
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Abu Dhabi National Oil Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bharat Petroleum Corp. Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BP plc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Chevron Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 China Aviation Oil (Singapore) Corporation Ltd
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Exxon Mobil Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Indian Oil Corporation Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Neste Oyj
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Oman Oil Marketing Company SAOG
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Petroleo Brasileiro S.A. (Petrobras)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Shell plc
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.12 TotalEnergies SE
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Vitol
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio