Selbyville, Delaware, Dec. 02, 2019 (GLOBE NEWSWIRE) --

According to latest report “Aviation Fuel Market by Grade (Jet Fuel, Aviation Gasoline, Biokerosene), End-use Sector (Commercial Aircraft [Narrow Body Aircraft, Widebody Aircraft], Regional Jet, Business Jet, Helicopter, Military), Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, China, Japan, Australia, India, South Korea, Thailand, Hong Kong, Singapore, Brazil, Mexico, Argentina, Chile, Colombia, Saudi Arabia, UAE, Turkey, South Africa), Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of aviation fuel will reach $325 billion by 2026. The rising construction and expansion of airports coupled with rising production and delivery of aircrafts are driving the market share.

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Some major findings of the aviation fuel market report include:

  • Proliferating demand for low cost carriers along with improving tourism industry are augmenting the industry share.
  • Regulatory norms and policies coupled with fluctuations in raw material prices affect the aviation fuel prices significantly.
  • Major players operating in the aviation fuel market are BP, Gazprom, Chevron, Shell, IOCL, HPCL, and Reliance Petroleum among others.
  • Companies are engaged in continuous investments and strategic collaborations for developing advanced sustainable fuel technologies.

Expanding middle class population coupled with proliferating tourism industry are playing a major role in supporting the market share expansion over the study period. Consumer are opting for air travel owing for superior and efficient travel over longer routes. Moreover, the reduced ticket fares due to the emergence of low-cost carriers are further boosting the aviation fuel market share.

Airliners are placing orders for multiple aircrafts for supporting the growing air travelling passenger demand. Moreover, aircraft manufacturers are facing issues related to orders backlogs for catering to the ever-growing demand. For instance, in November 2019, Emirates entered into a strategic agreement for purchasing 30 Boeing 787 jets worth USD 9 billion. Additionally, Boeing currently has an order backlog of over 5,000 aircrafts.

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Biokerosene is set to showcase the highest growth of over 33% in the aviation fuel market during the study period. The significantly high growth rate can be attributed to the constant development and investments in this fuel for powering future aircrafts. Moreover, rising focus of regulatory bodies and industry participants to produce commercially viable green fuel for minimizing impacts on the environment will further expand the market share.

Business jets will account for over 14% market share over the projected timeframe. This can be attributed to the rising demand for such aircrafts for business travel and short distance trips. Moreover, the provision for multiple aviation ownership plans including fractional & timeshare ownership have enabled customers to own private jets conveniently, thereby positively impacting the industry growth. The rising demand for chartered aircraft services are also providing a positive outlook for the industry expansion.

Latin America and Middle East & Africa will witness healthy growth in the aviation fuel market share owing to increasing tourism. Recovering economy in Latin America with cross border merger of the airliners will further fuel the industry demand. Steady growth in air traffic will positively influence the product penetration. Increasing demand of business jets in the MEA is the prime factor driving the regional growth.

Browse key industry insights spread across 160 pages with 217 market data tables & 24 figures & charts from the report, “Aviation Fuel Market Size 2019–2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/aviation-fuel-market

Table of Contents (ToC) of the report:

Chapter 3.   Aviation Fuel Market Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 - 2026

3.3.  Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Vendor matrix

3.4.  Pricing analysis

3.4.1. Regional pricing

3.4.1.1.   North America

3.4.1.2.    Europe

3.4.1.3.    Asia Pacific

3.4.1.4.    Latin America

3.4.1.5.    Middle East & Africa

3.4.2. Cost structure analysis

3.5.  Analyst Insights

3.5.1. Aviation fuel of the future

3.5.2. Impact on airline operating cost

3.5.3. Future outlook for electric/hybrid aircrafts

3.6.  Technology landscape

3.7.  Regulatory landscape

3.8.  Industry impact forces

3.8.1. Growth drivers

3.8.2. Industry pitfalls & challenges

3.9.  Innovation and sustainability

3.10.  Growth potential analysis, 2018

3.11.   Porter’s analysis

3.12.   Competitive landscape, 2018

3.12.1.    Company market share analysis

3.12.2.  Strategy dashboard

3.12.3.  Key stakeholders

3.13.  PESTEL analysis

Browse Complete Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/aviation-fuel-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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