News - Full StoryAviation Fuel Market Size to Increase by USD 44.77 Bn| 47% of the growth will originate from APAC| Technavio
NEW YORK, May 13, 2022 /PRNewswire/ -- The aviation fuel market potential growth difference will increase by USD 44.77 billion from 2021 to 2026, and the market's growth is anticipated to accelerate at a CAGR of 4.29%.
The aviation fuel market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The increase in the number of aircraft and new air routes is increasing the consumption of aviation fuel. An increasing number of aircraft fleets, increasing air traffic, and increasing number of passengers per year are driving the growth of the global aviation fuel market. As most of the vendors are operating in the regional market, the global aviation fuel market is anticipated to witness moderate competition during the forecast period.
Some of the key market vendors are:
Exxon Mobil Corp.
Hindustan Petroleum Corp. Ltd.
Honeywell International Inc.
Marathon Petroleum Corp.
Petróleo Brasileiro SA
Royal Dutch Shell Plc
and TOTAL SA.
Product News and Vendor insights
BP Plc - The company offers aviation fuels such as jet fuel, avgas, UL91, and sustainable aviation fuel.
Royal Dutch Shell Plc - The company offers JP4 military jet fuel, JP8 military jet fuel, JP S military jet fuel, Jet A1 Civil jet fuel, Jet A civil jet fuel, Jet B civil jet fuel, TS 1 civil jet fuel, AVgas 100, AVgas 100LL, and Avgas 82 UL..
For more detailed highlights on products offerings and the growth strategies adopted by the vendors, Download sample report
Parent Market Outlook
Technavio categorizes the global aviation fuel market as a part of the global coal and consumable fuels market within the global coal market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aviation fuel market during the forecast period.
Aviation fuel market trend
Increased focus on biofuel by the EU The EU started focusing on biofuels for the aviation industry to reduce the carbon footprint of aircraft. Some targets and policy instruments related to biofuel have already been implemented by the EU. For instance, the Renewable Energy Directive (RED) sets a goal of achieving 20% gross energy consumption from renewable sources by 2020. Such initiatives will further support the market growth in the coming years.
Revenue-Generating Regional Highlights
APAC : 47% of the market's growth will originate from APAC during the forecast period. China is the key market for aviation fuel in APAC. Market growth in this region will be faster than the growth of the market in other regions. The growing concerns of volatile crude oil prices, energy consumption, and population density, which have led to severe energy insecurities in many countries will facilitate the aviation fuel market growth in APAC over the forecast period.
APAC, Europe, MEA, North America, and South America
Performing market contribution
APAC at 47%
Key consumer countries
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp., Petróleo Brasileiro SA, PJSC Gazprom, Royal Dutch Shell Plc, and TOTAL SA.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Table of Content
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
5.1 Market segments
Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product
5.3 ATF - Market size and forecast 2021-2026
Exhibit 28: Chart on ATF - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on ATF - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on ATF - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on ATF - Year-over-year growth 2021-2026 (%)
5.4 Aviation biofuel - Market size and forecast 2021-2026
Exhibit 32: Chart on Aviation biofuel - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Aviation biofuel - Market size and forecast 2021-2026 ($ billion)
Exhibit 125: Oil and Natural Gas Corp. Ltd. - Overview
Exhibit 126: Oil and Natural Gas Corp. Ltd. - Business segments
Exhibit 127: Oil and Natural Gas Corp. Ltd. - Key offerings
Exhibit 128: Oil and Natural Gas Corp. Ltd. - Segment focus
10.11 Shell plc
Exhibit 129: Shell plc - Overview
Exhibit 130: Shell plc - Business segments
Exhibit 131: Shell plc - Key news
Exhibit 132: Shell plc - Key offerings
Exhibit 133: Shell plc - Segment focus
10.12 TotalEnergies SE
Exhibit 134: TotalEnergies SE - Overview
Exhibit 135: TotalEnergies SE - Business segments
Exhibit 136: TotalEnergies SE - Key news
Exhibit 137: TotalEnergies SE - Key offerings
Exhibit 138: TotalEnergies SE - Segment focus
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 139: Inclusions checklist
Exhibit 140: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 141: Currency conversion rates for US$
11.4 Research methodology
Exhibit 142: Research methodology
Exhibit 143: Validation techniques employed for market sizing
Exhibit 144: Information sources
11.5 List of abbreviations
Exhibit 145: List of abbreviations
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