Aviation Fuel Market size was valued at US$ 105.72 Bn. in 2022 and the total Aviation Fuel revenue is expected to grow by 16.5% from 2023 to 2029, reaching nearly US$ 307.93 Bn.
Aviation Fuel Market Overview
The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Aviation Fuel Market.
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Aviation Fuel Market Report Scope and Research Methodology
The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Aviation Fuel market.
Aviation Fuel Market Regional Insights
A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.
Aviation Fuel Market Segmentation
The commercial aircraft segment is anticipated to expand by end-user over the forecast period at a CAGR of 8.3%. As international air passenger travel rises, commercial aircraft are anticipated to dominate the aviation fuel sector and generate about USD 145 billion by 2029. Expanded transit routes and improved living standards are what are driving the segment share. A significant indicator of the sales of aviation fuel is the fact that aircraft manufacturers are focusing on boosting airplane manufacturing to satisfy increased demand.The demand for aircraft, such as the B737 and B787, is rising in the aerospace business. The desire to fly increases along with disposable income. Rising air passenger traffic in developing countries helps such countries generate more money. Industry participants are focusing on bringing planes down.
1 Global Aviation Fuel Market, by Fuel Type (2022-2029)
• Air Turbine Fuel
• Aviation Biofuel
• AVGAS
2 Global Aviation Fuel Market, by End-User (2022-2029)
• Commercial
• Defense
• General Aviation
3 Global Aviation Fuel Market, by Aircraft Type (2022-2029)
• Fixed Wings
• Rotorcraft
• Others
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Aviation Fuel Market Key Players
1.Exxon Mobil Corporation
2.Chevron Corporation
3.Shell Plc.
4.TotalEnergies SE
5.BP Plc
6.Gazprom Neft’ PAO
7.Neste Oyj
8.Swedish Biofuels AB
9.Red Rock Biofuels LLC
10.Abu Dhabi National Oil Company
11.Bharat Petroleum Corp. Ltd.
12.Indian Oil Corporation Ltd.
13.Emirates National Oil Company
14.Valero Energy Corporation
15.Allied Aviation Services Inc.
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