Asia-Pacific Aviation Fuel Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Aviation Fuel Market is estimated to reach USD XX billion by 2033 with a CAGR of 12.5%.
The report includes an in-depth analysis of the Asia-Pacific Aviation Fuel Market, including market size and trends, product mix, distribution channels, and supplier analysis. Aviation fuel is used to power aircraft. Any kind of fuel are byproducts of crude oil. The main purpose of jet fuel is to propel an aircraft; energy content and ignition quality are important fuel performance characteristics. Lubricity, stability, volatility, non-corrosiveness, and other performance characteristics are also important. In addition to providing energy, fuel serves as a hydraulic fluid in engine controls and a coolant to various fuel system parts.
Market Opportunities and Challenges
Opportunities: The military sector's growing demand and the expansion of air travel are anticipated to be the two main drivers of market expansion. The need for fuel is increased by newly constructed airports and flight routes, which further propels the growth of the aviation fuel market. Furthermore, The expansion of the aviation industry in the Asia-Pacific region is facilitated by a number of important factors, which together are driving the market's robust growth. First off, an increase in the number of passengers and flights is a result of the growing demand for air travel, which is being driven by economic growth, rising disposable income, and a developing middle class. The increased use of aviation fuel is a direct result of this increased aviation activity.
Challenges: High Costs of Aviation Fuel Will Restrain Market Expansion. Fuel prices are anticipated to be the main factor impeding the growth of the aviation fuel market. The high price will probably prevent the market from growing. Since jet fuel is a derivative of Brent crude oil, the higher price of that crude oil is the cause of the increased fuel costs. The difference in supply and demand is driving up the price of Brent crude oil. The prices of crude oil are rising due to the lack of production, despite the growing demand for Brent crude oil. Furthermore, Numerous issues affect the dynamics and sustainability of the aviation fuel market. The volatility of oil prices, which directly affects the price of aviation fuel and, in turn, the operating expenses of airlines, is one major challenge. Price fluctuations can be attributed to a variety of factors, including shifting geopolitical tensions, uncertain economic conditions, and natural disasters.
Market Competitive Landscape
Aviation fuel market are dispersed throughout the Asia-Pacific region. The market's leading companies are China Aviation Oil Corporation Ltd., Vitol Holding BV, Chevron Corporation, Bharat Petroleum Corp. Ltd., and Royal Dutch Shell Plc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Fuel Type, By Application
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| Regions covered | China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific
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| Companies Covered | Bharat Petroleum Corp Ltd, BP plc, Chevron Corporation, China Aviation Oil Corporation Ltd, Exxon Mobil Corporation, Pertamina Persero PT, Petronas Aviation Sdn Bhd, Royal Dutch Shell Plc, Vitol Holding BV, World Fuel Services Corp, Others.
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COVID-19 Impact on Asia-Pacific Aviation Fuel Market
The COVID-19 pandemic has caused significant disruptions to air travel, posing unprecedented challenges for the Asia-Pacific Aviation Fuel Market. A significant decrease in passenger demand, lockdowns, and travel restrictions resulted in a significant reduction in flight operations throughout the region. Fleets of airlines were grounded, which resulted in a sharp decline in aviation fuel usage. Because of the decreased demand and falling oil prices, fuel suppliers and refineries were left with excess inventory and lower profit margins. The aviation fuel market's growth prospects have been further hampered by the financial strain on airlines and uncertainties surrounding the timing of the aviation industry's recovery.
Key Target Audience:
- Airlines and Air Operators
- Military Aviation
- Aircraft Manufacturers
Our in-depth analysis of the Asia-Pacific Aviation Fuel Market includes the following segments:
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By Fuel Type:
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Air Turbine Fuel
Aviation Biofuel
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By Application:
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Commercial Aircraft
Military Aircraft
General Aviation
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By Region:
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China
India
Japan
South Korea
Australia and New Zealand
Indonesia
Thailand
Malaysia
Vietnam
Philippines
Singapore
Rest of Asia-Pacific
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Key Topics Covered in the Report:
- Asia-Pacific Aviation Fuel Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Aviation Fuel Market
- Segmentation of Asia-Pacific Aviation Fuel Market By Fuel Type (Air Turbine Fuel, Aviation Biofuel, Others)
- Segmentation of Asia-Pacific Aviation Fuel Market By Application (Commercial Aircraft, Military Aircraft, General Aviation )
- Expansion Analysis of Asia-Pacific Aviation Fuel Market
- Problems and Obstacles in Asia-Pacific Aviation Fuel Market
- Competitive Landscape in the Asia-Pacific Aviation Fuel Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Aviation Fuel Market
- Details on Current Investment in Asia-Pacific Aviation Fuel Market
- Competitive Analysis of Asia-Pacific Aviation Fuel Market
- Prominent Players in the Asia-Pacific Aviation Fuel Market
- SWOT Analysis of Asia-Pacific Aviation Fuel Market
- Asia-Pacific Aviation Fuel Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Aviation Fuel Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Aviation Fuel Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Aviation Fuel Market
7. Asia-Pacific Aviation Fuel Market, By Fuel Type (USD Million)
7.1. Asia-Pacific Aviation Fuel Market Value Share and Forecast, By Fuel Type, 2023-2033
7.2. Air Turbine Fuel
7.3. Aviation Biofuel
7.4. Others
8. Asia-Pacific Aviation Fuel Market, By Application (USD Million)
8.1. Asia-Pacific Aviation Fuel Market Value Share and Forecast, By Application, 2023-2033
8.2. Commercial Aircraft
8.3. Military Aircraft
8.4. General Aviation
9. Asia-Pacific Aviation Fuel Market Forecast, 2019-2033 (USD Million)
9.1. Asia-Pacific Aviation Fuel Market Size and Market Share
10. Asia-Pacific Aviation Fuel Market, By Fuel Type, 2019-2033 (USD Million)
10.1. Asia-Pacific Aviation Fuel Market Size and Market Share By Fuel Type (2019-2026)
10.2. Asia-Pacific Aviation Fuel Market Size and Market Share By Fuel Type (2027-2033)
11. Asia-Pacific Aviation Fuel Market, By Application, 2019-2033 (USD Million)
11.1. Asia-Pacific Aviation Fuel Market Size and Market Share By Application (2019-2026)
11.2. Asia-Pacific Aviation Fuel Market Size and Market Share By Application (2027-2033)
12. Asia-Pacific Aviation Fuel Market, By Region, 2019-2033 (USD Million)
12.1. Asia-Pacific Aviation Fuel Market Size and Market Share By Region (2019-2026)
12.2. Asia-Pacific Aviation Fuel Market Size and Market Share By Region (2027-2033)
12.3. China
12.4. India
12.5. Japan
12.6. South Korea
12.7. Australia and New Zealand
12.8. Indonesia
12.9. Thailand
12.10. Malaysia
12.11. Vietnam
12.12. Philippines
12.13. Singapore
12.14. Rest of Asia-Pacific
13. Company Profile
13.1. Bharat Petroleum Corp Ltd
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BP plc
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Chevron Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. China Aviation Oil Corporation Ltd
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Exxon Mobil Corporation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Pertamina Persero PT
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Petronas Aviation Sdn Bhd
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Royal Dutch Shell Plc
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Vitol Holding BV
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. World Fuel Services Corp
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
