(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 22, 2025 (GLOBE NEWSWIRE) -- The "Middle East and Africa Aviation fuel Market, By Country, Competition, Forecast and Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Middle East and Africa Aviation Fuel market was valued at USD 30.98 Billion in 2024, and is expected to reach USD 62.33 Billion by 2030, rising at a CAGR of 12.19%.
The Middle East and Africa Aviation Fuel market encompasses the supply and distribution of specialized fuels, primarily Jet A1, Jet A, Avgas, and biojet fuels, used to power aircraft across the region. Aviation fuel is a high-quality, refined petroleum product designed to meet stringent safety and performance standards for aircraft engines, ensuring optimal efficiency and reliability during flights. This market is experiencing steady growth, driven by an increase in air traffic, particularly due to the region's strategic importance as a global travel hub. Major cities like Dubai, Abu Dhabi, and Doha serve as key transit points for international flights, leading to significant fuel consumption by airlines.
Additionally, several countries in the Middle East, such as Saudi Arabia and the United Arab Emirates, are heavily investing in expanding their aviation infrastructure to boost tourism and economic diversification away from oil dependency. In Africa, the surge in air travel is being fueled by growing regional connectivity, increased foreign investments, and rising business activities, particularly in key markets like South Africa, Nigeria, and Egypt. As governments across both regions prioritize the modernization of airports and airline fleets, the demand for aviation fuel is set to rise.
Furthermore, the market is also poised to benefit from the growing focus on sustainability, with airlines gradually adopting biojet fuel blends to reduce carbon emissions. This shift is likely to be supported by government initiatives encouraging greener aviation practices. The expanding military aviation sector, driven by rising defense budgets in the Middle East, also contributes to fuel demand. Overall, as economic growth accelerates, particularly in the wake of recovering global travel post-pandemic, the Middle East and Africa Aviation Fuel market is expected to expand, driven by infrastructure development, increasing passenger numbers, and a strategic focus on becoming key aviation hubs, thereby ensuring a steady rise in fuel consumption over the coming years.
Increasing Adoption of Sustainable Aviation Fuels (SAFs)
One of the prominent trends shaping the Middle East and Africa Aviation Fuel Market is the increasing adoption of sustainable aviation fuels (SAFs). As global pressure mounts for the aviation industry to reduce its environmental impact, airlines in the region are exploring alternative fuel sources to meet sustainability targets. SAFs, derived from renewable feedstocks such as waste oils, algae, and other organic materials, offer a viable solution to reduce greenhouse gas emissions compared to conventional aviation fuels. Leading airlines in the Middle East, including Emirates Airlines and Qatar Airways, have announced their commitment to incorporating SAFs into their operations to align with global sustainability goals.
Expanding Infrastructure for Aviation Fuel Storage and Distribution
The Middle East and Africa Aviation Fuel Market is witnessing a trend towards expanding infrastructure for fuel storage and distribution. Recognizing the need to enhance the efficiency of fuel supply chains, several countries in the region are investing in modernizing airport infrastructure, constructing new storage facilities, and upgrading fueling systems. The Gulf Cooperation Council countries, in particular, are focusing on expanding their aviation fuel infrastructure to support their growing status as global air transit hubs. For instance, the expansion of Dubai International Airport and the new developments at Abu Dhabi International Airport include state-of-the-art fuel storage and supply systems to cater to rising air traffic.
Growing Focus on Digitalization and Fuel Management Technologies
Another significant trend in the Middle East and Africa Aviation Fuel Market is the growing focus on digitalization and the adoption of advanced fuel management technologies. To optimize fuel consumption, reduce costs, and enhance operational efficiency, airlines and airport operators are increasingly turning to digital solutions. Technologies such as data analytics, Internet of Things (IoT) sensors, and artificial intelligence are being utilized to monitor fuel usage in real-time, forecast demand, and streamline refueling processes. These technologies help airlines optimize flight routes, reduce fuel wastage, and lower overall operational expenses.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 133 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $30.98 Billion |
| Forecasted Market Value (USD) by 2030 | $62.33 Billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Africa, Middle East |
Report Scope:
Key Market Players
Exxon Mobil Corporation BP p.l.c Shell International B.V Chevron Corporation TotalEnergies SE. Saudi Arabian Oil Company (Saudi Aramco) ENOC Company QatarEnergy Kuwait Petroleum Corporation National Iranian Oil Company.
Middle East and Africa Aviation Fuel Market, By Fuel Type:
Jet A1 Jet A Avgas Biojet Fuel
Middle East and Africa Aviation Fuel Market, By Aircraft Type:
Commercial Aviation Military Aviation Business & General Aviation Helicopters
Middle East and Africa Aviation Fuel Market, By Application:
Domestic Flights International Flights
Middle East and Africa Aviation Fuel Market, By End-User:
Airlines Airports Military & Defense Others
Middle East and Africa Aviation Fuel Market, By Country:
Saudi Arabia UAE Kuwait Iran Qatar Egypt South Africa Bahrain Nigeria Turkey Rest of Middle East and Africa
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Middle Eastern and African Aviation Fuel Market
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