Aviation Fuel Market To Reach Over $238.5 billion By 2026 | Bp p.l.c., Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited

The global aviation fuelmarket sizewas valued at $179.2billion in 2018 and is anticipated to generate $238.5 billion by 2026 growing at a CAGR of 3.5% from 2019 to 2026.Aviation fuel is a type of petroleum-based fuel used to energize an aircraft. It has better quality than other fuels used in any other medium of transport. The additives used in aviation fuel reduce the risk of icing or explosion due to high temperature. Aviation fuel is primarily used by most of the military aircrafts and commercial airlines to maximize fuel efficiency and to lower the operational cost.

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Some of the key players of Aviation Fuel Market:
Bp p.l.c., Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited, Petrobras, Royal Dutch Shell plc, Sinopec Group, Total SA, and Oman Oil Company SAOC.

The increase in demand from military sector and rise in air transportation drive the growth of the aviation fuel market. Moreover, introduction of new flight routes and construction of new airports also impact the aviation fuel market growth positively. However, fluctuations in crude oil prices and high level of carbon emission hamper the aviation fuel market growth. Meanwhile, emerging sustainable aviation fuel (SAF) offers lucrative opportunities for the growth of the aviation fuel industry.

Aviation fuel market is segmented on the basis of fuel type, aircraft type, end user, and region. Depending on fuel type, it is divided into jet A, jet A1, jet B, JP 5, JP 8, avgas, and biofuels. Depending on aircraft type, the market is classified into fixed wings, rotorcraft, and others. By end user, the market is categorized into civil, military, private, and sports & recreational.

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What the report features:-

1.Global analysis of Aviation Fuel Market from 2019 – 2026 illustrating the progression of the market.

2. Forecast and analysis of Aviation Fuel Market by Dosage, Route of Administration and Application from 2019 – 2026.

3.Forecast and analysis of Aviation Fuel Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:

1.Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Aviation Fuel Market.
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Aviation Fuel Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Monday June 01 2020, 6:59 PM EDT. All trademarks acknowledged. Filed under Energy & Natural Resources, Energy Efficiency, Energy Storage, Oil & Gas, Power, Utilities. Comments and Trackbacks closed. Follow responses: RSS 2.0

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