PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1423239
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1423239
Europe Aviation Fuel Market Introduction and Overview
According to SPER market research, 'Europe Aviation Fuel Market Size - By Fuel Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Jet Fuel Market is predicted to reach with a CAGR of 15.21%.
Aviation fuel, which is derived from petroleum or kerosene, is used to power aircraft. Compared to fuels used in other forms of transportation, aviation fuel is of a higher caliber. They are made from various blends of kerosene, such as kerosene and biofuel or gasoline, among others. By including materials such as corrosion inhibitors, aviation fuels lower the possibility of icing or explosions caused by high temperatures.
The European aviation fuel market has experienced a significant and unparalleled impact due to the COVID-19 pandemic. The consumption of aviation fuels decreased abruptly and significantly as a result of widespread travel restrictions, lockdowns, and a sharp decline in the demand for air travel worldwide. An unprecedented crisis for airlines led to aircraft groundings, flight delays, and dire financial repercussions. In addition to significantly lowering the demand for aviation fuel, this sharp decline in air travel also caused supply chain disruptions throughout.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Fuel Type, By Application
Regions covered The United Kingdom, France, Germany, Spain, Rest of Europe
Companies Covered BP PLC, Exxon Mobil Corporation, Gazpro
Europe Aviation Fuel Market Segmentation
By Fuel Type: Based on the Fuel Type, Europe Aviation Fuel Market is segmented as; Air Turbine, Aviation Biofuel, AVGAS.
By Application: Based on the Application, Europe Aviation Fuel Market is segmented as; Commercial, Defence, General Aviation.
By Region: This research also includes data for The United Kingdom, France, Germany, Spain, Rest of Europe.