Aviation Fuel Market 2023: Impact of Covid-19 on the Global Economy, Penetration, and Forecast of Industry DemandPosted by Amrut Mahajani on January 31st, 2023  The "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" report predicts that the aviation fuel market will grow from USD 249.9 billion in 2022 to USD 696.2 billion by 2030, with a CAGR of 13.7%. The growth is driven by the need to reduce GHG emissions and the improved fuel efficiency of sustainable aviation fuel (SAF) compared to conventional jet fuel. Explore 218 Market Data Tables and 48 Figures across 257 Pages and a Detailed TOC on the "Global Aviation Fuel Market Forecast to 2030 by Fuel Type (Conventional: Air Turbine Fuel, Avgas, Sustainable: Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, UAV) and Region." View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/aviation-fuel-market-231148230.html Based on Aircraft Type, the Hybrid Wing Uav Segment is Projected to Grow at a Higher CAGR During the Forecast Period UAV hybrid wing segment is forecasted to experience higher CAGR during 2022-2030 due to its wide use for long-range, heavy payload applications such as SAR and crop management. These UAVs, with flight times surpassing 8 hours, are more practical and cost-effective compared to traditional aircraft. Rising demand for long-range hybrid UAV applications is expected to drive significant growth in this market. Based on Fuel Type, the Jet a-1 Segment of the Conventional Fuel Segment is Expected to Grow at the Highest CAGR in the Aviation Fuel Market During the Forecast Period The Jet A-1 segment in the conventional fuel category is projected to experience the highest growth rate in the aviation fuel market over the forecast period, based on fuel type. Latin America is Expected to Be the Fastest-growing Region for the Aviation Fuel Market During the Forecast Period The aviation fuel market is experiencing rapid growth in Latin America, with Brazil as a significant contributor due to its thriving aviation industry. The presence of major commercial aircraft OEMs and growing tourism also drive the demand for aviation fuel in the region. Leading players in the aviation fuel market include Exxon Mobil (US), Chevron (US), BP (UK), Shell (UK), TotalEnergies (France), Neste (Finland), Gazprom (Russia), World Fuel Service (US), Indian Oil (India), Valero Energy (US) and more. These companies have advanced manufacturing facilities and extensive distribution networks in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Our Other Published Reports: Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region - Global Forecast to 2027 Contact: Like it? Share it! More by this author |