Growth of Aviation Fuel Market to be Impacted by the Increase in Number of Aircraft | Technavio

The market will accelerate at a CAGR of around 4% between 2020-2024

Technavio has announced its latest market research report titled Global Aviation Fuel Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The report, global aviation fuel market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and product for the forecast period 2020-2024.

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The report on the aviation fuel market includes:

Aviation fuel market analysis and forecast 2020-2024: Features

  • Competitive landscape
  • Market segmentation
    • Geographic Segmentation
    • Product Segmentation
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Aviation Fuel Market 2020-2024: Competitive Landscape

  • Vendors covered
  • Vendor classification
    • 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
    • TOTAL SA

Aviation Fuel Market Landscape 2020-2024: Geographic Landscape

  • APAC - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • North America - size and forecast 2019-2024
  • South America - size and forecast 2019-2024
  • Key leading countries

Aviation Fuel Market Landscape 2020-2024: Product Segmentation

  • ATF - size and forecast 2019-2024
  • Aviation biofuel - size and forecast 2019-2024

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Increase in number of aircraft will drive the aviation fuel market

The number of passengers commuting frequently around the world is increasing due to high preference for air travel among passengers, especially in emerging countries such as India and China. In addition, the demand is expected to rise significantly in emerging economies of APAC due to increase in number of middle-income consumers. Consequently, airline operators are procuring new aircrafts and replacing existing aircrafts with new models. This is propelling the demand and adoption of aviation fuel in the aviation sector.

Increased focus on biofuel by EU – An emerging trend in the aviation fuel market

EU has started focusing on the use of biofuels for the aviation industry to reduce carbon footprint of aircraft. As a result, various policy instruments related to biofuel have been implemented by the EU. For instance, the Renewable Energy Directive (RED) has set a goal of achieving 20% gross energy consumption from renewable resources by 2020. In addition, European Commission has also collaborated with various airlines and biofuel producers to follow the mandates given by the EU. This is further expected to proliferate the aviation fuel market growth during the forecast period.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

Get Full Report: LINK

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Increased focus on biofuel by EU
  • Increasing number of patent filings
  • Increasing efficiency of airlines

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Related Reports on Energy include:

Fuel Oil Market – Global Fuel Oil Market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America).

Road Transportation Fuel Market – Global Road Transportation Fuel Market by type (gasoline, diesel, biofuels, and natural gas) and geography (APAC, Europe, MEA, North America, and South America).

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The report, global aviation fuel market 2020-2024 has been added to Technavio's catalog.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com