Aviation Fuel Market

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Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030

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Report Code: AS 8551 Jan, 2023, by marketsandmarkets.com

The Global Aviation Fuel Market size is projected to reach USD 696.2 Billion by 2030, from USD 249.9 Billion in 2022 at a CAGR of 13.7% during the forecast period. The Aviation Fuel Industry is driven by the increasing demand for air travel, along with the growing aviation industry in developing countries. The rising demand for low-cost carriers and the development of advanced aviation biofuels are also expected to create significant opportunities for market players during the forecast period. Factors such as volatile crude oil prices and stringent environmental regulations may hinder the growth of the market to some extent.

Aviation Fuel Market

Aviation Fuel Market Forecast to 2030

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Aviation Fuel Market Dynamics:

Driver: Demand to Reduce Emissions

Sustainable aviation fuel (SAF) is a key component in meeting the aviation industry’s commitments to decouple increases in carbon emissions from traffic growth. SAF gives an impressive reduction of up to 80% in CO2 emissions over the lifecycle of the fuel compared to fossil jet fuel, depending on the sustainable feedstock used, production method, and the supply chain to the airport. According to the IATA fact sheet, SAF will be an eligible option for aircraft operators to meet their obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Production of SAF using biomass, biological, and non-biological resources allows it to be approximately carbon-neutral over its lifecycle. Furthermore, SAF contains fewer impurities (such as sulfur), which enables an even greater reduction in sulfur dioxide and particulate matter emissions than present technology has achieved. While hybrid and electric vehicles are viable alternatives for other transportation needs, electric propulsion on aircraft appears to be several years away when it comes to air travel and is currently limited to small aircraft and medium-range flights. The development of SAF will allow the use of existing aircraft, including long-range models, but with a substantial collective reduction of GHG emissions.

Restraint: Price Difference Between SAF and Conventional Aviation Fuel

SAF must be competitive both technically and economically, and it must have characteristics similar to traditional jet fuel. All pathways use energy throughout the production process, from hauling feedstock to the production facility to maintaining a safe and healthy work environment to the power required to affect the physical, biological, and chemical processes in the facility on an industrial scale, to delivering the completed fuel product to the distribution infrastructure. Sustainable jet fuel can be produced at USD 0.9/liter to 2.4/liter, depending on the choice of the pathway and the feedstock-to-fuel efficiency. Fossil jet fuel is priced approximately at USD 0.3/liter, the cost of sustainable jet fuel falls within a price range that is roughly 3–9 times higher than conventional jet A-1. Considering that fuel costs make up 30–31% of airlines' operating expenses, an increase in fuel price creates barriers for airline operators to demand sustainable jet fuel. The availability of very limited technologies and infrastructure for the sustainable aviation fuel market also leads to an increase in the total production cost of sustainable aviation fuel. Though SAF has been emphasized as a viable option for carriers to fulfill their obligations under the International Aviation Carbon Offsetting and Reduction Scheme (CORSIA), it is far more expensive than conventional jet fuel. In addition to this, due to political and social crises, there is a surge in the price of jet fuel since 2021.

Opportunity: Growing Need for Alternative Aviation Fuel by Airlines

The global demand and substantial challenges to reduce emissions of greenhouse gases and improve environmental sustainability in the face of rapid growth have led to the emergence of the SAF market significantly. Several agreements, contracts, partnerships, etc., have been made for a certain period of time by various stakeholders of the entire demand and supply chain of the SAF market. Several airlines have concluded long-term offtake agreements with biofuel suppliers, many of which are reported as commercially competitive. Several airports have agreed to supply SAF through their hydrant systems. This opportunity of offtake agreements between researchers, airlines, airports, fixed base operators, fuel producers, fuel suppliers & distributors, feedstock providers, technology providers, etc., will give immense growth prospects to widen the usability of SAF and provide new visibility to the connected markets as well.

Challenge: High Investments for Approval and Certification of SAF

SAF requires strict technical certifications to be fully approved for utilization in aircraft engines. The entire value chain of the SAF market faces stringent approval procedures for the phases of SAF, for application purposes. However, the involvement of various stakeholders and the quantity of fuel required for the testing parameters add to the cost of the approval of SAF. For instance, the OEM-led ASTM D4054 approval and evaluation process is expensive and time-consuming, which is one of the major hurdles in the growth of the sustainable aviation fuel market.

Along with the existing approved pathways, the newer pathways are still in the approval stages and at different phases. Thus, the overall cost is widely impacted due to the expensive technologies and their approvals that are time-consuming.

Based on Fuel Type, the Conventional Fuel Segment Holds the Largest Market Share in 2022

Increase in air passenger traffic has lead to the rising demand of conventional jet fuel. This demand is greatly created by the various airlines who require jet fuel to run their aircrafts. Although governments are creating initiatives to switch to sustainable aviation fuel, but due to low cost of jet fuel in comparison to SAF, airlines are more dependant on conventional jet fuel. Increase in tourism industry is also leading to the growth of the conventional fuel segment of the aviation fuel market.

North America is Expected to Account for the Largest Share of Aviation Fuel Market in 2022

North America is estimated to account for the largest share of the aviation fuel market in 2022. North America is considered to have the largest aircraft fleet with a large number of passengers per year, leading to a substantial increase in aircraft emissions. To cater to the need for a reduction in carbon footprints due to increasing air traffic and air passengers, the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel (SAF). Switching to more energy-dense biofuel to reach the goal of decarbonizing the aviation sector is expected to play a significant role in reducing GHG concentration across the region.

Aviation Fuel Market by Region

Aviation Fuel Market by Region

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Key Players in the North American Aviation Fuel Market: Analysis and Overview

The aviation fuel market in North America is highly competitive and dominated by key players such as Exxon Mobil Corporation (US), Chevron Corporation (US), and Valero Energy Corporation (US) to name a few. These companies have established strong distribution networks, offer a wide range of products and services, and are investing in sustainable aviation fuel technologies to meet the increasing demand for more environmentally friendly options. The competition in the market is expected to intensify as more companies are entering the market and as demand for sustainable aviation fuels continues to grow.

Aviation Fuel Industry Companies: Top Key Market Players

The Aviation Fuel Companies is dominated by globally established players such as Exxon Mobil Corporation (US), Chevron Corporation (US), British Petroleum (UK), Shell (UK), TotalEnergies (France), Neste (Finland), Gazprom (Russia), World Fuel Service (US), Indian Oil Corporation (India), and Valero Energy Corporation (US) among others.

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Scope of the Report

Report Metric	Details
Estimated Market Size	$ 249.9 Billion
Projected Market Size	$ 696.2 Billion
Growth Rate	13.7%
Market Size Available for Years	2018-2030
Base Year Considered	2021
Forecast Period	2022-2030
Forecast Units	Value (USD)
Segments Covered	Fuel Type, Aircraft Type, and Region
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Companies Covered	Exxon Mobil Corporation (US), Chevron Corporation (US), British Petroleum (UK), Shell (UK), TotalEnergies (France), Neste (Finland), Gazprom (Russia), World Fuel Service (US), Indian Oil Corporation (India), and Valero Energy Corporation (US) among others.

Aviation Fuel Market Highlights

This research report categorizes the Aviation Fuel Market based on fuel type, aircraft type, and region.

Aspect	Details
By Fuel Type:	Conventional Fuel Sustainable Fuel
By Aircraft Type:	Fixed Wing Rotary Wing Unmanned Aerial Vehicle
By Region:	North America Europe Asia Pacific Latin America Middle East & Africa

Recent developments

In August 2022, British Petroleum introduced a next-generation new model all-electric refueller for customers lifting Jet A-1 at Brisbane Airport (Australia). The refueller can carry approximately 16,000 liters of fuel and has been designed to operate for a full day with overnight charging.
In June 2022, Shell announced the launch of Avelia, one of the world’s first blockchain-powered digital sustainable aviation fuel (SAF) book-and-claim solutions for business travel. It is one of the largest SAF book-and-claim solutions that can offer around 1 million gallons of SAF.
In June 2022, Exxon Mobil Corporation and Qatar Energy signed an agreement to develop Qatar’s North Field East project, which will expand Qatar’s annual liquified natural gas (LNG) capacity from 77 million tons to 110 million tons by 2026.
In May 2022, Chevron Corporation partnered with Pertamina to explore potential lower carbon business opportunities in Indonesia.

Frequently Asked Questions (FAQ):

What is the Current Size of the Aviation Fuel Market?

The aviation fuel market is projected to grow from an estimated USD 249.9 Billion in 2022 to USD 696.2 Billion by 2030, at a CAGR of 13.7% from 2022 to 2030.

Who Are the Winners in the Aviation Fuel Market?

Exxon Mobil Corporation (US), Chevron Corporation (US), British Petroleum (UK), Shell (UK), TotalEnergies (France), are some of the winners in the market.

What Are Some of the Opportunities in the Aviation Fuel Market?

Growing need for alternative aviation fuel by airlines and initiatives by governments to reduce tax on aviation fuel are few of the opportunities of the aviation fuel market.

What Are Some of the Technological Advancements in the Aviation Fuel Market?

Alcohol-to-Jet (ATJ) technology, Hycogen, and Hybrid Electric Propulsion (HEP), among others.

What Are the Factors Driving the Growth of the Aviation Fuel Market?

Demand to reduce GHG emissions, increasing air passenger traffic, and rising initiatives by governments to adopt SAF are some of the key factors driving the growth in the market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION AND SCOPE

1.3 STUDY SCOPE

1.3.1 AVIATION FUEL MARKET SEGMENTATION

1.3.2 REGIONAL SCOPE

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.4.1 USD EXCHANGE RATES

1.5 INCLUSIONS AND EXCLUSIONS

TABLE 1 AVIATION FUEL MARKET: INCLUSIONS AND EXCLUSIONS

1.6 LIMITATIONS

1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 35)

2.1 RESEARCH DATA

FIGURE 1 RESEARCH FLOW

FIGURE 2 RESEARCH DESIGN

2.2 SECONDARY DATA

2.2.1 SECONDARY SOURCES

2.3 PRIMARY DATA

2.3.1 PRIMARY SOURCES

2.3.1.1 Breakdown of primaries: by company type, designation, and region

2.4 FACTOR ANALYSIS

2.4.1 INTRODUCTION

2.4.2 DEMAND-SIDE INDICATORS

2.4.3 SUPPLY-SIDE INDICATORS

2.5 MARKET SIZE ESTIMATION

2.5.1 BOTTOM-UP APPROACH

FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH

2.5.2 TOP-DOWN APPROACH

FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN

2.6 MARKET BREAKDOWN AND DATA TRIANGULATION

FIGURE 5 DATA TRIANGULATION METHODOLOGY

2.7 ASSUMPTIONS

2.8 RISK ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 44)

FIGURE 6 BY FUEL TYPE, SUSTAINABLE FUEL SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 7 BY AIRCRAFT TYPE, NARROW BODY AIRCRAFT SEGMENT ESTIMATED TO DOMINATE MARKET IN 2022

FIGURE 8 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022

4 PREMIUM INSIGHTS (Page No. - 47)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AVIATION FUEL MARKET

FIGURE 9 INCREASING DEMAND FOR SUSTAINABLE FUEL TO DRIVE MARKET

4.2 AVIATION FUEL MARKET, BY FUEL TYPE

FIGURE 10 CONVENTIONAL FUEL SEGMENT ESTIMATED TO LEAD MARKET IN 2022

4.3 AVIATION FUEL MARKET, BY COUNTRY

FIGURE 11 AVIATION FUEL MARKET IN AUSTRALIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 49)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 12 AVIATION FUEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2.1 DRIVERS

5.2.1.1 Demand to reduce emissions

5.2.1.3 Rising initiatives by governments to adopt SAF

5.2.1.4 Better fuel efficiency of SAF than conventional fuel

5.2.2 RESTRAINTS

5.2.2.1 Inadequate availability of feedstock and refineries to meet SAF production demand

5.2.2.2 Harmful environmental effects of aviation fuel

5.2.2.3 Rising electric and hybrid aircraft

5.2.2.4 Price difference between SAF and conventional jet fuel

5.2.3 OPPORTUNITIES

5.2.3.1 Increasing crude oil prices

5.2.3.2 Growing need for alternative aviation fuel

5.2.3.3 Initiatives by US government to reduce tax on aviation fuel

5.2.4 CHALLENGES

5.2.4.1 High investments for approval and certification of SAF

5.2.4.2 Large production of SAF required to meet fuel demand

5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AVIATION FUEL MARKET

FIGURE 13 REVENUE SHIFT IN AVIATION FUEL MARKET

5.4 AVIATION FUEL MARKET ECOSYSTEM

5.4.1 PROMINENT COMPANIES

5.4.2 SMALL AND MEDIUM-SIZED ENTERPRISES

5.4.3 END USERS

FIGURE 14 AVIATION FUEL MARKET ECOSYSTEM MAP

TABLE 2 AVIATION FUEL MARKET ECOSYSTEM

5.5 TECHNOLOGY ANALYSIS

5.5.1 IMPROVED ENGINE TECHNOLOGIES AND AIRCRAFT DESIGN

5.5.2 NEW COMPOSITE LIGHTWEIGHT MATERIALS

5.5.3 ELECTROFUELS

5.6 USE CASE ANALYSIS

5.6.1 OFFTAKE AGREEMENTS

5.6.2 SUNFIRE E-CRUDE TO PRODUCE E-FUEL

5.6.3 CHEMICAL PLANT BY INERATEC GMBH FOR POWER-TO- LIQUID TECHNOLOGY

5.6.4 GREEN PROPELLANT INFUSION

5.7 VALUE CHAIN ANALYSIS

FIGURE 15 VALUE CHAIN ANALYSIS: AVIATION FUEL MARKET

5.7.1 FEEDSTOCK PRODUCERS AND TRADERS

5.7.2 TECHNOLOGY PROVIDERS

5.7.3 PRODUCERS

5.7.4 OEMS AND REGULATORY AUTHORITIES

5.7.5 DISTRIBUTORS

5.7.6 AIRPORTS AND AIRLINES

5.8 PRICING ANALYSIS

5.9 OPERATIONAL DATA

TABLE 3 AIRCRAFT ACTIVE FLEET IN US, 2018–2022

5.10 PORTER’S FIVE FORCES ANALYSIS

TABLE 4 AVIATION FUEL MARKET: PORTER’S FIVE FORCES ANALYSIS

FIGURE 16 AVIATION FUEL MARKET: PORTER’S FIVE FORCE ANALYSIS

5.10.1 THREAT OF NEW ENTRANTS

5.10.2 THREAT OF SUBSTITUTES

5.10.3 BARGAINING POWER OF SUPPLIERS

5.10.4 BARGAINING POWER OF BUYERS

5.10.5 INTENSITY OF COMPETITIVE RIVALRY

5.11 RECESSION IMPACT ANALYSIS

FIGURE 17 PROBABLE SCENARIO IMPACT OF AVIATION FUEL MARKET:

5.12 KEY STAKEHOLDERS AND BUYING CRITERIA

5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 18 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR FUEL TYPE

TABLE 5 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR FUEL TYPE (%)

5.12.2 BUYING CRITERIA

FIGURE 19 KEY BUYING CRITERIA FOR TOP 2 APPLICATIONS

TABLE 6 KEY BUYING CRITERIA FOR TOP 2 APPLICATIONS

5.13 TARIFF AND REGULATORY LANDSCAPE

5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 10 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 11 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.14 TRADE DATA ANALYSIS

TABLE 12 COUNTRY-WISE IMPORTS, 2020–2021 (USD THOUSAND)

TABLE 13 COUNTRY-WISE EXPORTS, 2020–2021 (USD THOUSAND)

5.15 KEY CONFERENCES AND EVENTS IN 2023

TABLE 14 AVIATION FUEL MARKET: CONFERENCES AND EVENTS

6 INDUSTRY TRENDS (Page No. - 75)

6.1 INTRODUCTION

6.2 TECHNOLOGY TRENDS

6.2.1 FRACTIONAL DISTILLATION

6.2.2 HYDROTHERMAL LIQUEFACTION

6.2.3 PYROLYSIS

6.3 EMERGING INDUSTRY TRENDS

6.3.1 ALCOHOL-TO-JET (ATJ)

6.3.2 HYCOGEN

6.3.3 HYBRID ELECTRIC PROPULSION (HEP)

FIGURE 20 HYBRID AIRCRAFT PROPULSION SYSTEM

6.3.4 SUN-TO-LIQUID SOLAR FUEL

FIGURE 21 PROCESS OF GAS-TO-LIQUID

6.3.5 HYDROGEN FUEL CELLS (HYDROGEN PROPULSION)

6.3.6 FISCHER-TROPSCH (FT)

6.4 SUPPLY CHAIN ANALYSIS

FIGURE 22 SUPPLY CHAIN ANALYSIS

6.5 IMPACT OF MEGATREND

6.6 INNOVATION AND PATENT REGISTRATIONS

7 AVIATION FUEL MARKET, BY FUEL TYPE (Page No. - 84)

7.1 INTRODUCTION

FIGURE 23 POWER-TO-LIQUID SEGMENT TO REGISTER HIGHEST CAGR FROM 2022 TO 2030

TABLE 15 AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 16 AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

7.2 CONVENTIONAL FUEL

7.2.1 AVIATION TURBINE FUEL

7.2.1.1 Jet A

7.2.1.1.1 Extensive use of Jet A fuel in US

7.2.1.2 Jet A1

7.2.1.2.1 Rising demand for Jet A1 fuel outside US

7.2.2 AVGAS

7.2.2.1 Demand for aviation gasoline for piston engine aircraft

7.3 SUSTAINABLE FUEL

7.3.1 BIOFUEL

7.3.1.1 Drop-in capability with no changes in aircraft infrastructure to drive demand

7.3.2 HYDROGEN FUEL

7.3.2.1 Advantage of being true zero-carbon solution to drive demand

TABLE 17 CURRENT HYDROGEN-POWERED AIRCRAFT DEVELOPMENTS

7.3.3 POWER-TO-LIQUID

7.3.3.1 Benefits like very low lifecycle emissions to drive demand

7.3.4 GAS-TO-LIQUID

7.3.4.1 Technological advancements to drive demand

8 AVIATION FUEL MARKET, BY AIRCRAFT TYPE (Page No. - 90)

8.1 INTRODUCTION

FIGURE 24 NARROW BODY AIRCRAFT SEGMENT ESTIMATED TO LEAD MARKET IN 2022

TABLE 18 AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 19 AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

8.2 FIXED WING

8.2.1 COMMERCIAL AVIATION

8.2.1.1 Narrow Body Aircraft (NBA)

8.2.1.1.1 High efficiency in short-haul travel to drive segment

8.2.1.2 Wide Body Aircraft (WBA)

8.2.1.2.1 Increasing international travel to drive segment

8.2.1.3 Regional Jet

8.2.1.3.1 Rising domestic air passenger traffic in emerging economies to drive segment

8.2.2 MILITARY AVIATION

8.2.2.1 Fighter Aircraft

8.2.2.1.1 Growing procurement of fighter jets due to increasing military budgets to drive segment

8.2.2.2 Transport Aircraft

8.2.2.2.1 Increasing use of transport aircraft in military operations to drive segment

8.2.2.3 Special Mission Aircraft

8.2.2.3.1 Increasing military applications to drive segment

8.2.3 BUSINESS JET & GENERAL AVIATION

8.2.3.1 Business Jet

8.2.3.1.1 Rising number of private aviation companies globally to drive segment

8.2.3.2 Light Aircraft

8.2.3.2.1 Several ongoing projects to develop hydrogen fuel cell aircraft to drive segment

8.3 ROTARY WING

8.3.1 CIVIL HELICOPTER

8.3.1.1 Increasing demand for helicopters in corporate and civil applications to drive segment

8.3.2 MILITARY HELICOPTER

8.3.2.1 Increasing use of helicopters in combat and search & rescue operations to drive segment

8.4 UNMANNED AERIAL VEHICLE (UAV)

8.4.1 FIXED WING UAV

8.4.1.1 Increased use of predator and reaper fixed-wing UAVs in military applications

8.4.2 ROTARY WING UAV

8.4.2.1 Growing demand for rotary-wing UAVs in search and rescue operations, precision farming, and law enforcement applications

8.4.3 HYBRID WING UAV

8.4.3.1 Long-range applications creating demand for hybrid UAVs

9 AVIATION FUEL MARKET, BY REGION (Page No. - 99)

9.1 INTRODUCTION

FIGURE 25 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022

9.2 NORTH AMERICA

FIGURE 26 NORTH AMERICA: AVIATION FUEL MARKET SNAPSHOT

9.2.1 PESTLE ANALYSIS: NORTH AMERICA

TABLE 20 NORTH AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 21 NORTH AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 22 NORTH AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2018–2021 (USD MILLION)

TABLE 23 NORTH AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2022–2030 (USD MILLION)

TABLE 24 NORTH AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 25 NORTH AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

TABLE 26 NORTH AMERICA: AVIATION FUEL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)

TABLE 27 NORTH AMERICA: AVIATION FUEL MARKET, BY COUNTRY, 2022–2030 (USD MILLION)

9.2.2 US

9.2.2.1 Growing concerns over carbon emissions due to increasing air traffic to drive market

TABLE 28 US: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 29 US: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 30 US: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 31 US: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.2.3 CANADA

9.2.3.1 Innovations focused on lowering carbon footprint to drive market

TABLE 32 CANADA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 33 CANADA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 34 CANADA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 35 CANADA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3 EUROPE

FIGURE 27 EUROPE: AVIATION FUEL MARKET SNAPSHOT

9.3.1 PESTLE ANALYSIS: EUROPE

TABLE 36 EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 37 EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 38 EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2018–2021 (USD MILLION)

TABLE 39 EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2022–2030 (USD MILLION)

TABLE 40 EUROPE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 41 EUROPE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

TABLE 42 EUROPE: AVIATION FUEL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)

TABLE 43 EUROPE: AVIATION FUEL MARKET, BY COUNTRY, 2022–2030 (USD MILLION)

9.3.2 UK

9.3.2.1 Presence of leading players to drive market

TABLE 44 UK: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 45 UK: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 46 UK: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 47 UK: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3.3 GERMANY

9.3.3.1 Advancements in technological pathways to drive market

TABLE 48 GERMANY: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 49 GERMANY: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 50 GERMANY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 51 GERMANY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3.4 FRANCE

9.3.4.1 Initiatives on low carbon strategy from global leaders to drive market

TABLE 52 FRANCE: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 53 FRANCE: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 54 FRANCE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 55 FRANCE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3.5 RUSSIA

9.3.5.1 Aviation fuel demand by military sector to drive market

TABLE 56 RUSSIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 57 RUSSIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 58 RUSSIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 59 RUSSIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3.6 ITALY

9.3.6.1 Initiatives from Italian airports to achieve green aviation goals by 2050 to drive market

TABLE 60 ITALY: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 61 ITALY: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 62 ITALY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 63 ITALY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.3.7 REST OF EUROPE

TABLE 64 REST OF EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 65 REST OF EUROPE: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 66 REST OF EUROPE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 67 REST OF EUROPE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4 ASIA PACIFIC

FIGURE 28 ASIA PACIFIC: AVIATION FUEL MARKET SNAPSHOT

9.4.1 PESTLE ANALYSIS: ASIA PACIFIC

TABLE 68 ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 69 ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 70 ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2018–2021 (USD MILLION)

TABLE 71 ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2022–2030 (USD MILLION)

TABLE 72 ASIA PACIFIC: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 73 ASIA PACIFIC: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

TABLE 74 ASIA PACIFIC: AVIATION FUEL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)

TABLE 75 ASIA PACIFIC: AVIATION FUEL MARKET, BY COUNTRY, 2022–2030 (USD MILLION)

9.4.2 CHINA

9.4.2.1 Collaborations between Chinese airlines and biofuel producers to drive market

TABLE 76 CHINA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 77 CHINA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 78 CHINA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 79 CHINA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4.3 INDIA

9.4.3.1 Rising air traffic and government initiatives to contribute toward clean skies

TABLE 80 INDIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 81 INDIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 82 INDIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 83 INDIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4.4 JAPAN

9.4.4.1 Investments in bio-based and conventional jet fuel to drive market

TABLE 84 JAPAN: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 85 JAPAN: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 86 JAPAN: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 87 JAPAN: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4.5 SOUTH KOREA

9.4.5.1 Government initiatives for low carbon strategy to drive market

TABLE 88 SOUTH KOREA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 89 SOUTH KOREA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 90 SOUTH KOREA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 91 SOUTH KOREA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4.6 AUSTRALIA

9.4.6.1 Recovery of domestic airline industry to drive market

TABLE 92 AUSTRALIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 93 AUSTRALIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 94 AUSTRALIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 95 AUSTRALIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.4.7 REST OF ASIA PACIFIC

TABLE 96 REST OF ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 97 REST OF ASIA PACIFIC: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 98 REST OF ASIA PACIFIC: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 99 REST OF ASIA PACIFIC: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.5 LATIN AMERICA

FIGURE 29 LATIN AMERICA: AVIATION FUEL MARKET SNAPSHOT

9.5.1 PESTLE ANALYSIS: LATIN AMERICA

TABLE 100 LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 101 LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 102 LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2018–2021 (USD MILLION)

TABLE 103 LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2022–2030 (USD MILLION)

TABLE 104 LATIN AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 105 LATIN AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

TABLE 106 LATIN AMERICA: AVIATION FUEL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)

TABLE 107 LATIN AMERICA: AVIATION FUEL MARKET, BY COUNTRY, 2022–2030 (USD MILLION)

9.5.2 BRAZIL

9.5.2.1 GHG reduction initiatives to drive market

TABLE 108 BRAZIL: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 109 BRAZIL: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 110 BRAZIL: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 111 BRAZIL: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.5.3 MEXICO

9.5.3.1 Rise in tourism to lead to market growth

TABLE 112 MEXICO: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 113 MEXICO: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 114 MEXICO: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 115 MEXICO: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.5.4 REST OF LATIN AMERICA

TABLE 116 REST OF LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 117 REST OF LATIN AMERICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 118 REST OF LATIN AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 119 REST OF LATIN AMERICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6 MIDDLE EAST & AFRICA

FIGURE 30 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET SNAPSHOT

9.6.1 PESTLE ANALYSIS: MIDDLE EAST & AFRICA

TABLE 120 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 121 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 122 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2018–2021 (USD MILLION)

TABLE 123 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE (FURTHER BREAKDOWN), 2022–2030 (USD MILLION)

TABLE 124 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 125 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

TABLE 126 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)

TABLE 127 MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY COUNTRY, 2022–2030 (USD MILLION)

9.6.2 SAUDI ARABIA

9.6.2.1 Increasing use of private jet services to boost market

TABLE 128 SAUDI ARABIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 129 SAUDI ARABIA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 130 SAUDI ARABIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 131 SAUDI ARABIA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6.3 TURKEY

9.6.3.1 Development of tourism industry to drive market

TABLE 132 TURKEY: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 133 TURKEY: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 134 TURKEY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 135 TURKEY: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6.4 ISRAEL

9.6.4.1 Increasing aviation fuel demand from military sector to drive market

TABLE 136 ISRAEL: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 137 ISRAEL: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 138 ISRAEL: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 139 ISRAEL: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6.5 UAE

9.6.5.1 New initiatives on sustainability to drive market

TABLE 140 UAE: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 141 UAE: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 142 UAE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 143 UAE: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6.6 SOUTH AFRICA

9.6.6.1 Increasing jet fuel consumption to drive market

TABLE 144 SOUTH AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 145 SOUTH AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 146 SOUTH AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 147 SOUTH AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

9.6.7 REST OF MIDDLE EAST & AFRICA

TABLE 148 REST OF MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)

TABLE 149 REST OF MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)

TABLE 150 REST OF MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2018–2021 (USD MILLION)

TABLE 151 REST OF MIDDLE EAST & AFRICA: AVIATION FUEL MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 178)

10.1 INTRODUCTION

TABLE 152 KEY DEVELOPMENTS BY LEADING PLAYERS BETWEEN 2020 AND 2022

10.2 REVENUE ANALYSIS OF KEY PLAYERS, 2021

FIGURE 31 AVIATION FUEL MARKET: REVENUE ANALYSIS OF KEY COMPANIES (2017-2021)

10.3 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021

FIGURE 32 AVIATION FUEL MARKET: MARKET SHARE ANALYSIS, 2021

TABLE 153 AVIATION FUEL MARKET: DEGREE OF COMPETITION

10.4 COMPANY EVALUATION QUADRANT

FIGURE 33 AVIATION FUEL MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021

10.4.1 STARS

10.4.2 PERVASIVE PLAYERS

10.4.3 EMERGING LEADERS

10.4.4 PARTICIPANTS

10.5 AVIATION FUEL MARKET (SME), STARTUP EVALUATION MATRIX, 2021

FIGURE 34 AVIATION FUEL MARKET COMPETITIVE LEADERSHIP MAPPING (SME)

10.5.1 PROGRESSIVE COMPANIES

10.5.2 RESPONSIVE COMPANIES

10.5.3 STARTING BLOCKS

10.5.4 DYNAMIC COMPANIES

TABLE 154 AVIATION FUEL MARKET: DETAILED LIST OF KEY START-UPS/SMES

TABLE 155 AVIATION FUEL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]

10.6 COMPETITIVE SCENARIO AND TRENDS

10.6.1 PRODUCT LAUNCHES

TABLE 156 AVIATION FUEL MARKET: PRODUCT LAUNCHES, 2019–DECEMBER 2022

10.6.2 DEALS

TABLE 157 AVIATION FUEL MARKET: DEALS, 2019–DECEMBER 2022

11 COMPANY PROFILES (Page No. - 197)

11.1 INTRODUCTION

11.2 KEY PLAYERS

(Business overview, Products offered, Recent Developments, MNM view)*

11.2.1 EXXON MOBIL CORPORATION

FIGURE 35 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT

TABLE 158 EXXON MOBIL CORPORATION: PRODUCTS OFFERED

TABLE 159 EXXON MOBIL CORPORATION: DEALS

11.2.2 CHEVRON CORPORATION

TABLE 160 CHEVRON CORPORATION: BUSINESS OVERVIEW

FIGURE 36 CHEVRON CORPORATION: COMPANY SNAPSHOT

TABLE 161 CHEVRON CORPORATION: PRODUCTS OFFERED

TABLE 162 CHEVRON CORPORATION: DEALS

11.2.3 BRITISH PETROLEUM (BP)

TABLE 163 BRITISH PETROLEUM: BUSINESS OVERVIEW

FIGURE 37 BRITISH PETROLEUM: COMPANY SNAPSHOT

TABLE 164 BRITISH PETROLEUM: PRODUCTS OFFERED

TABLE 165 BRITISH PETROLEUM: PRODUCT LAUNCHES

TABLE 166 BRITISH PETROLEUM: DEALS

11.2.4 SHELL

TABLE 167 SHELL: BUSINESS OVERVIEW

FIGURE 38 SHELL: COMPANY SNAPSHOT

TABLE 168 SHELL: PRODUCTS OFFERED

TABLE 169 SHELL: PRODUCT LAUNCHES

TABLE 170 SHELL: DEALS

11.2.5 TOTALENERGIES

TABLE 171 TOTALENERGIES: BUSINESS OVERVIEW

FIGURE 39 TOTALENERGIES: COMPANY SNAPSHOT

TABLE 172 TOTALENERGIES: PRODUCTS OFFERED

TABLE 173 TOTALENERGIES: DEALS

11.2.6 NESTE

TABLE 174 NESTE: BUSINESS OVERVIEW

FIGURE 40 NESTE: COMPANY SNAPSHOT

TABLE 175 NESTE: PRODUCTS OFFERED

TABLE 176 NESTE: DEALS

11.2.7 GAZPROM

TABLE 177 GAZPROM: BUSINESS OVERVIEW

FIGURE 41 GAZPROM: COMPANY SNAPSHOT

TABLE 178 GAZPROM: PRODUCTS OFFERED

TABLE 179 GAZPROM: DEALS

11.2.8 WORLD FUEL SERVICES

TABLE 180 WORLD FUEL SERVICES: BUSINESS OVERVIEW

FIGURE 42 WORLD FUEL SERVICES: COMPANY SNAPSHOT

TABLE 181 WORLD FUEL SERVICES: PRODUCTS OFFERED

TABLE 182 WORLD FUEL SERVICES: PRODUCT LAUNCHES

11.2.9 INDIAN OIL CORPORATION

TABLE 183 INDIAN OIL CORPORATION: BUSINESS OVERVIEW

FIGURE 43 INDIAN OIL CORPORATION: COMPANY SNAPSHOT

TABLE 184 INDIAN OIL CORPORATION: PRODUCTS OFFERED

11.2.10 VALERO ENERGY CORPORATION

TABLE 185 VALERO ENERGY CORPORATION: BUSINESS OVERVIEW

FIGURE 44 VALERO ENERGY CORPORATION: COMPANY SNAPSHOT

TABLE 186 VALERO ENERGY CORPORATION: PRODUCTS OFFERED

TABLE 187 VALERO ENERGY CORPORATION: DEALS

11.2.11 MARATHON PETROLEUM CORPORATION

TABLE 188 MARATHON PETROLEUM CORPORATION: BUSINESS OVERVIEW

FIGURE 45 MARATHON PETROLEUM CORPORATION: COMPANY SNAPSHOT

TABLE 189 MARATHON PETROLEUM CORPORATION: PRODUCTS OFFERED

TABLE 190 MARATHON PETROLEUM CORPORATION: DEALS

11.2.12 LUKOIL

TABLE 191 LUKOIL: BUSINESS OVERVIEW

FIGURE 46 LUKOIL: COMPANY SNAPSHOT

TABLE 192 LUKOIL: PRODUCTS OFFERED

11.2.13 BHARAT PETROLEUM CORPORATION

TABLE 193 BHARAT PETROLEUM CORPORATION: BUSINESS OVERVIEW

FIGURE 47 BHARAT PETROLEUM CORPORATION: COMPANY SNAPSHOT

TABLE 194 BHARAT PETROLEUM CORPORATION: PRODUCTS OFFERED

11.2.14 FULCRUM BIOENERGY

TABLE 195 FULCRUM BIOENERGY: BUSINESS OVERVIEW

TABLE 196 FULCRUM BIOENERGY: PRODUCTS OFFERED

TABLE 197 FULCRUM BIOENERGY: PRODUCT LAUNCHES

TABLE 198 FULCRUM BIOENERGY: DEALS

11.2.15 LANZATECH

TABLE 199 LANZATECH.: BUSINESS OVERVIEW

TABLE 200 LANZATECH: PRODUCTS OFFERED

TABLE 201 LANZATECH: PRODUCT LAUNCHES

TABLE 202 LANZATECH: DEALS

11.2.16 WORLD ENERGY

TABLE 203 WORLD ENERGY: BUSINESS OVERVIEW

TABLE 204 WORLD ENERGY: PRODUCTS OFFERED

TABLE 205 WORLD ENERGY: PRODUCT LAUNCHES

TABLE 206 WORLD ENERGY: DEALS

11.2.17 GEVO INC.

TABLE 207 GEVO INC.: BUSINESS OVERVIEW

TABLE 208 GEVO: PRODUCTS OFFERED

TABLE 209 GEVO: DEALS

11.2.18 PETROBRAS

TABLE 210 PETROBRAS: BUSINESS OVERVIEW

FIGURE 48 PETROBRAS: COMPANY SNAPSHOT

TABLE 211 PETROBRAS: PRODUCTS OFFERED

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11.3 OTHER PLAYERS

11.3.1 PROMETHEUS FUELS

TABLE 212 PROMETHEUS FUELS: COMPANY OVERVIEW

11.3.2 RED ROCK BIOFUELS

TABLE 213 RED ROCK BIOFUELS: COMPANY OVERVIEW

11.3.3 WASTEFUEL

TABLE 214 WASTEFUEL: COMPANY OVERVIEW

11.3.4 SINOPEC CORPORATION

TABLE 215 SINOPEC CORPORATION: COMPANY OVERVIEW

11.3.5 AEMETIS

TABLE 216 AEMETIS: COMPANY OVERVIEW

11.3.6 VIRENT

TABLE 217 VIRENT: COMPANY OVERVIEW

11.3.7 NORTHWEST ADVANCED BIO-FUELS, LLC

TABLE 218 NORTHWEST ADVANCED BIO-FUELS: COMPANY OVERVIEW

12 APPENDIX (Page No. - 252)

12.1 DISCUSSION GUIDE

12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

12.3 CUSTOMIZATION OPTIONS

12.4 RELATED REPORTS

12.5 AUTHOR DETAILS

This research study involved the use of extensive secondary sources, including directories; databases; journals on aviation fuel, sustainable aviation fuel, renewable jet fuel, hydrogen fuel, aircraft engine, and other related equipment markets; company newsletters; and information portals such as D&B Hoovers, Bloomberg, and Factiva, to identify and collect information useful for this extensive, technical, market-oriented, and commercial study of the aviation fuel market. Primary sources included several industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations. These sources are related to all the segments of the value chain of this industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess prospects of the aviation fuel market.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturers' associations; directories; and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives. Some other sources included International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), International Energy Agency (IEA), International Renewable Energy Agency (IRENA), Nordic Energy Research, European Union Aviation Safety Agency (EASA), Boeing Commercial Outlook, Federal Aviation Administration (FAA), and General Aviation Manufacturers Association, among others.

Primary Research

Extensive primary interviews were conducted to obtain qualitative and quantitative information such as market statistics, average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fuel type, aircraft type, and region. Stakeholders from the demand side included aviation fuel suppliers & distributors, airlines, airport operators, aircraft and engine manufacturers, and regulatory authorities & agencies. Interviews were conducted to understand the adoption of sustainable aviation fuel by various airlines and airports to support carbon footprint reduction initiatives.

Aviation Fuel Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the aviation fuel market. The following figure offers a representation of the overall market size estimation process employed for the purpose of this study on the aviation fuel market.

The research methodology used to estimate the market size includes the following details:

Key players in the market were identified through secondary research, and their market shares in respective regions were determined through primary research. The entire procedure included the study of annual and financial reports of the top market players and in-depth interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Market Size Estimation Methodology: Bottom-Up Approach

Aviation Fuel Market Size, and Bottom-Up Approach

Market Size Estimation Methodology: Top Down Approach

Aviation Fuel Market Size, and Top Down Approach

Data Triangulation

After arriving at the overall market size through the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

To define, describe, segment, and forecast the aviation fuel market based on fuel type, aircraft type, and region
To analyze the degree of competition in the market by identifying various parameters, including key market players
To identify and analyze key drivers, restraints, opportunities, and challenges influencing the aviation fuel market
To analyze macro and micro indicators of the market and provide a factor analysis for them
To forecast the market size of various segments of the aviation fuel market with respect to five major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa and Latin America, along with major countries in each region
To strategically analyze micromarkets with respect to individual technological trends and prospects of the aviation fuel market
To strategically profile key market players and comprehensively analyze their market rankings and core competencies
To track and analyze competitive developments, such as joint ventures, mergers & acquisitions, and new product launches & developments of key players in the aviation fuel market
To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the aviation fuel market
To identify industry trends, market trends, and technology trends currently prevailing in the aviation fuel market

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the market segments at country-level

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Growth opportunities and latent adjacency in Aviation Fuel Market

Johan14/02/2023

The projected growth of the aviation fuel market is significant and reflects the increasing demand for sustainable aviation fuels and the need to reduce emissions. Government initiatives and regulations will play an important role in driving this growth. It will be interesting to see how the market develops and whether technological advancements will lead to further innovation in sustainable aviation fuel production.