PUBLISHER: Market Research Future | PRODUCT CODE: 1755327
PUBLISHER: Market Research Future | PRODUCT CODE: 1755327
Global Aviation Gasoline (Avgas) Market Research Report Information by Grade Type (Avgas 100 (Green), Avgas 100LLL (Blue), and Others), By Aircraft Type (Fixed Wings, Rotorcraft, and Others), By Application (Civil, Military, Sports & Recreational, and Others), and By Region Forecast to 2030
The Aviation Gasoline (Avgas) Market was valued at USD 13,449.30 million in 2022. The Aviation Gasoline (Avgas) Market is expected to expand from USD 13,757.29 million in 2023 to USD 18,207.22 million by 2030, with a compound yearly growth rate (CAGR) of 3.86% over the forecast period (2023- 2030).
Aviation gasoline, sometimes known as Avgas, is a specialist fuel used in piston-engine aircraft, most notably small general aviation and light aircraft. It differs from jet fuel, which is used in aircraft engines. Avgas is designed to fulfill the special needs of piston engines, which operate at lower speeds and compression ratios than jet engines.
Many Avgas-powered aircraft are piston-engined, as is usual in general aviation. General aviation encompasses private and recreational flying, flight training, air ambulance services, aerial photography, and other non-commercial aviation operations. As air traffic increases, more people and businesses may participate in general aviation activities, resulting in increasing Avgas consumption. As aviation traffic increases, so does demand for pilot training.
Market Segment insights
The Aviation Gasoline (Avgas) Market has been split by grade type, including avgas 100 (green), avgas 100LL (blue), and others.
The market is split by aircraft type, which includes fixed wings, rotorcraft, and others. Among them, fixed wings are expected to dominate the Aviation Gasoline (Avgas) Market revenue throughout the projected period.
The Aviation Gasoline (Avgas) Market is split by application, including civil, military, sports and recreational, and others.
Regional insights
The aviation gasoline (Avgas) market is divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America's sizeable aviation gasoline (Avgas) business is expected to make the area the fastest-growing global market for aviation fuel. North America has one of the largest and most active general aviation industries in the world. The region has a large number of private and recreational pilots, flight schools, and general aviation aircraft.
The vast number of piston-engine aircraft in the region maintains a steady demand for Avgas. North America is a global center for pilot training and aviation education. Many prospective pilots from throughout the world travel to the region for flying training. Flight schools and training institutes in North America use tiny piston-engine aircraft powered by Avgas for instruction. The increased demand for flight training drives up Avgas use in the region.
Major market players include Shell PLC (UK), BP PLC (UK), TotalEnergies SE (France), ExxonMobil Corporation (US), Phillips 66 Company (US), Indian Oil Corporation Ltd. (India), China Petrochemical Corporation Ltd. (China), Hjelmco Oil AB (Sweden), Oman Oil Company S.A.O.C. (Oman), and Vitol (Switzerland).