(MENAFN- The Expresswire) Aviation Fuel Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to Research Report By 360 Market Updates
Posted on May 22 2020 4:34 AM
""Global Aviation Fuel Market size"2020 has covered and analyzed the potential of Worldwide Aviation Fuel Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, opportunities and forecast.
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Global ' Aviation Fuel Market Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Aviation Fuel market growth is expected to register a CAGR of Growing rate during the forecast period. Aviation Fuel Market reports offer a detailed assessment of the Aviation Fuel including enabling technologies, current market scenario, market assumptions, restraining factors.
Aviation Fuel Market Report covers the Top Key-players 2020:-
- Exxon Mobil Corporation -
- Qatar Jet Fuel Company -
- Bharat Petroleum Corp Ltd -
- BP p.l.c -
- Chevron Corporation -
- Royal Dutch Shell Plc -
- Total SA -
- Allied Aviation Services Inc. -
- Valero Marketing and Supply -
- Gazprom Neft PJSC
The global Aviation Fuel market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
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Aviation Fuel Market
Aviation is one of the fastest growing sectors driven by a rapidly expanding global middle class, especially in developing countries, as well as the increasing penetration of low cost carriers. The aviation fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. The market for aviation fuel is highly effected by the increasing number of air passengers worldwide and fluctuations in oil and gas prices. The demand is majorly driven in response to the air traffic and aircraft fleet in both commercial and military applications in emerging economies such as China and India. Increasing demand for air cargo transportation in terms of volume and freight traffic is one of the drivers of aviation fuel market.
Increase in the Air Passengers in the Emerging Economies Driving the Aviation Fuel Market
Demand for aviation fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of 8.8% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for aviation fuel, which has been one of the strongest performers among transportation fuels in recent years. Expanding middle class in emerging countries, diverging demographic outlooks, and liberalization of aviation markets are some of the major factors to be considered for the increase in air passengers count every year. According to the International Air Transport Association (IATA), around 7.8 billion passengers are expected to travel by 2036, which is almost double the number in 2017.
Asia-Pacific Holds the Largest Share in Aviation Fuel Market
Asia-Pacific has emerged as one of the largest aviation fuel markets in the recent years. With the rise in urbanization and increasing disposable incomes in the emerging economies across the region has resulted in the growth of air passengers in this region. Driven by changing demographic trends, Asia-Pacific increasing investments in transportation and manufacturing infrastructure is expected to boost the demand for aviation fuel. Countries such as China, India, and Indonesia are expected to be the fastest growing markets in terms of annual additional passengers by 2036. With China's economy shifting towards a more service- and consumption-driven model, the medium term demand for air freight is expected to increase in the coming years. These are some of the significant factors contributing to the growth of the aviation fuel market during the forecast period.
Passenger Aircraft A Huge Market Potential
Due to the sharp increase in economic growth and disposable incomes in emerging countries demand for air travel is expected to double in the next two decades and grow almost by 4% each year. China, the United States, India, Indonesia, and Turkey are expected to be the fastest-growing markets in terms of annual additional passengers by 2036. As international travel has become more accessible, the global tourist arrival count has greatly increased 1.24 billion in 2016. Increasing the number of flights performed and the number of low-cost carriers in countries such as China and India have accounted for more than 10% of the total aviation market in these countries.
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Important Questions Answered in the Report:
- What will be the CAGR% in during the forecast year?
- What are the challenges or threats for new applicants?
- How growth rate will be affected by key regions?
- At what stage of development is the global Aviation Fuel market?
- What are the restrictive factors of the Aviation Fuel market?
Highlighted points of Aviation Fuel Market Report:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Aviation Fuel Market:
April 2017:McCormick had expanded their portfolio with organic core herbs and spices and homemade dessert products in France, and gluten free recipe mixes in the United Kingdom.
October 2017: Sensient launched value-added taste modulations sourced from Natural Origins botanicals collection includes herbs such as hop, basil and sage, spices such as cardamom, saffron and pink pepper.
Competitive landscape
The layers have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors especially in the emerging economies and developing new products with customization for different end-user industries.
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Reasons to Purchase Aviation Fuel Market ReportCurrent and future aviation fuel market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter's five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market share, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel)
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Finally, the report Global Aviation Fuel Market 2020 describes the Aviation Fuel industry expansion game plan, the Aviation Fuel industry knowledge supply, appendix, analysis findings, and the conclusion.
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