Market Research Report
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
|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|
Published: August 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
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.
Fuel Types Covered:
End Users Covered:
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