Jet Fuel Market Forecasts to 2028 – Global Analysis By Fuel Type (Jet A, Jet A1 and Jet B), Application (Commercial, Defense and General Aviation), Type (ATF, Avgas and Aviation Biofuel), End User and By Geography
According to Stratistics MRC, the Global Jet Fuel Market is accounted for $116.74 billion in 2020 and is expected to reach $141.13 billion by 2028 growing at a CAGR of 2.4% during the forecast period. Rising disposable incomes, growing number of air passengers and improving economic conditions globally are driving the market growth. However, the outbreak of Covid-19 pandemic has put a halt to travel across the world hampering the growth of the market.
Jet fuel is a kind of aviation fuel designed for application in aircrafts which are powered by gas-turbine engines. It is colourless to straw-coloured in appearance. Jet fuels are usually produced to a standardized specification and then employed in aircrafts.
Based on the application, the commercial segment is going to have lucrative growth during the forecast period due to the increased connectivity across the globe and declined prices of airfares. By geography, Asia Pacific is going to have high growth during the forecast period as the region is witnessing a steady rise in the passenger traffic particularly from emerging countries.
Some of the key players profiled in the Jet Fuel Market include Allied Aviation Services Inc., Amyris, Bharat Petroleum Corp. Ltd, BP PLC, Chevron Corporation, Exxon Mobil Corporation, Gazprom Neft PJSC, Honeywell, Primus Green Energy, Qatar Jet Fuel Company, Royal Dutch Shell PLC, Solazyme, Solena Fuels, Total SA and Valero Marketing and Supply.
Estimated Market Size in 2020:
USD 116.74 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 141.13 billion
Tables, Graphs & Figures
Fuel Type, Application, Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Fuel Types Covered:
• Jet A
• Jet A1
• Jet B
• General Aviation
• Air Turbine Fuel (ATF)
• Aviation Biofuel
• Aviation Gasoline (Avgas)
End Users Covered:
• Business Aircraft
• Cargo Aircraft
• Commercial Aircraft
• Military Aircraft
• Passenger Aircraft
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Jet Fuel Market is majorly driven by rising disposable incomes, growing number of air passengers and improving economic conditions globally.
The commercial segment is growing at a highest CAGR owing to the increased connectivity across the globe and declined prices of airfares.
Asia Pacific dominated with a significant market share as the region is witnessing a steady rise in the passenger traffic particularly from emerging countries.
North America market is growing at a highest CAGR owing to the owing to presence of key players in the developing countries and rise in number of air travelers in the region.
Key players in Jet Fuel Market include Allied Aviation Services Inc., Amyris, Bharat Petroleum Corp. Ltd, BP PLC, Chevron Corporation, Exxon Mobil Corporation, Gazprom Neft PJSC, Honeywell, Primus Green Energy, Qatar Jet Fuel Company, Royal Dutch Shell PLC, Solazyme, Solena Fuels, Total SA and Valero Marketing and Supply.
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