Europe Aviation Fuel Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook

Europe Aviation Fuel Market Size- By Fuel Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Aviation Fuel Market Size- By Fuel Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: AERO2408 Pages: 1 - 155 Formats*:     
Category : Aerospace and Defence
Europe Aviation Fuel Market Introduction and Overview 

According to SPER Market Research, the Europe Aviation Fuel Market is estimated to reach USD XX billion by 2033 with a CAGR of 15.21%.

The report includes an in-depth analysis of the Europe Aviation Fuel Market, including market size and trends, product mix, distribution channels, and supplier analysis. The fuel used to power an aircraft is known as aviation fuel and is derived from petroleum or kerosene. Compared to fuels utilized in other forms of transportation, aviation fuel is of higher quality. They are made from various mixes of kerosene, such as kerosene-biofuel, kerosene-gasoline, and so forth. By including additives like corrosion inhibitors and other materials, the fuels used in aviation lower the risk of icing or explosion due to high temperatures. Most military and commercial aircraft use aviation fuel primarily to reduce operating costs and maximize fuel efficiency.

  • Turkey launched a lab in January 2022 to cultivate algae for the production of jet fuel in line with the EU's push for clean aviation. The European Union and the Turkish government are providing funding for the USD 6.8 million demonstration project.
  • In July 2022, the UK Department for Transport unveiled its new "jet zero" strategy, which aims to achieve net-zero emissions in domestic aviation by 2040 and grow the nation's SAF sector.
Europe Aviation Fuel Market
Market Opportunities and Challenges

Opportunities: A more powerful economic conditions, rising disposable income, and an increase in air traveller population are some of the key market drivers. Recent airfare reductions have also contributed to this growth. The aviation industry's efforts to use more biofuels are also significantly propelling the market. Additionally, there are plenty of opportunities for the aviation fuel industry to grow thanks to biofuels that can drastically lower carbon emissions and emerging sustainable aviation fuels (SAF) that are being researched and developed. Moreover, the market is anticipated to grow primarily due to the anticipated rise in air transportation and the increase in demand from the military sector. New airports and flight paths also increase fuel demand, which propels the growth of the aviation fuel market.

Challenges: There are numerous complex challenges that the European aviation fuel market must deal with, which affect its sustainability and dynamics. The main obstacle is the unstable oil prices, which are influenced by both economic and geopolitical events. As the industry works to comply with environmental mandates, regulatory pressures increase and investments in sustainable aviation fuels (SAFs) become necessary. The switch to SAFs must overcome challenges like inadequate infrastructure, which calls for large investments and adjustment time. Additional challenges arise from disruptions in the aviation fuel supply chain caused by changes in market demand brought about by international events or economic conditions.

Europe Aviation Fuel Market


Market Competitive Landscape
The market for aviation fuel in Europe is only slightly fragmented. PJSC Gazprom, BP PLC, Shell PLC, TotalEnergies SE, Neste Oyj, and other major corporations are among them, though they are not listed in any particular order.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Fuel Type, By Application
 Regions coveredThe United Kingdom, France, Germany, Spain, Rest of Europe
 Companies CoveredBP PLC, Exxon Mobil Corporation, Gazprom Neft PJSC, Neste Oyj, Repsol SA, Royal Dutch Shell PLC, Total SA.
COVID-19 Impact on Europe Aviation Fuel Market
The European aviation fuel market has experienced a significant and unparalleled impact due to the COVID-19 pandemic. The consumption of aviation fuels abruptly and significantly decreased as a result of widespread travel restrictions, lockdowns, and a sharp decline in the demand for air travel worldwide. An unparalleled crisis befell airlines, leading to flight delays, grounded aircraft, and dire financial consequences. In addition to significantly lowering the demand for aviation fuel, this sharp decline in air travel also caused supply chain disruptions throughout. Fuel was in excess because refineries had trouble modifying their output levels. Fuel prices fell precipitously as a result of the mismatch between supply and demand, which further hurt airlines' and oil companies' earnings.

Key Target Audience:
  • Airlines
  • Aviation Fuel Suppliers
  • Investors,
  • Regulators and Policy Makers
  • Environmental Advocacy Groups
Our in-depth analysis of the Europe Aviation Fuel Market includes the following segments:
By Fuel Type:
  • Air Turbine
  • Aviation Biofuel
  • AVGAS
  • By Application:
  • Commercial
  • Defence
  • General Aviation
  • By Region:
  • The United Kingdom
  • France
  • Germany
  • Spain
  • Rest of Europe
  • Key Topics Covered in the Report:
    • Europe Aviation Fuel Market Size (FY’2023-FY’2033)
    • Overview of Europe Aviation Fuel Market
    • Segmentation of Europe Aviation Fuel Market By Fuel Type (Air Turbine, Aviation Biofuel, AVGAS)
    • Segmentation of Europe Aviation Fuel Market By Application (Commercial, Defence, General Aviation)
    • Expansion Analysis of Europe Aviation Fuel Market
    • Problems and Obstacles in Europe Aviation Fuel Market
    • Competitive Landscape in the Europe Aviation Fuel Market
    • Impact of COVID-19 and Demonetization on Europe Aviation Fuel Market
    • Details on Current Investment in Europe Aviation Fuel Market
    • Competitive Analysis of Europe Aviation Fuel Market
    • Prominent Players in the Europe Aviation Fuel Market
    • SWOT Analysis of Europe Aviation Fuel Market
    • Europe 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 Europe 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. Europe Aviation Fuel  Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Aviation Fuel  Market 

    7. Europe Aviation Fuel Market, By Fuel Type (USD Million)
    7.1. Europe Aviation Fuel Market Value Share and Forecast, By Fuel Type, 2023-2033
    7.2. Air Turbine
    7.3. Aviation Biofuel
    7.4. AVGAS
     
    8. Europe Aviation Fuel Market, By Application (USD Million)
    8.1. Europe Aviation Fuel Market Value Share and Forecast, By Application, 2023-2033
    8.2. Commercial
    8.3. Defence
    8.4. General Aviation

    9. Europe Aviation Fuel Market Forecast, 2019-2033 (USD Million)
    9.1. Europe Aviation Fuel Market Size and Market Share

    10. Europe Aviation Fuel Market, By Fuel Type, 2019-2033 (USD Million)
    10.1. Europe Aviation Fuel Market Size and Market Share By Fuel Type (2019-2026)
    10.2. Europe Aviation Fuel Market Size and Market Share By Fuel Type (2027-2033)

    11. Europe Aviation Fuel Market, By Application, 2019-2033 (USD Million)
    11.1. Europe Aviation Fuel Market Size and Market Share By Application (2019-2026)
    11.2. Europe Aviation Fuel Market Size and Market Share By Application (2027-2033)

    12. Europe Aviation Fuel Market, By Region, 2019-2033 (USD Million)
    12.1. Europe Aviation Fuel Market Size and Market Share By Region (2019-2026)
    12.2. Europe Aviation Fuel Market Size and Market Share By Region (2027-2033)
    12.3. The United Kingdom
    12.4. France
    12.5. Germany
    12.6. Spain
    12.7. Rest of Europe

    13.  Company Profile
    13.1. BP PLC
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. Exxon Mobil Corporation
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Gazprom Neft PJSC
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Neste Oyj
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. Repsol SA
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Royal Dutch Shell PLC
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. Total SA
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Europe Aviation Fuel Market is projected to reach USD XX billion by 2033, growing at a CAGR of 15.21% during the forecast period.
    Europe Aviation Fuel Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 15.21% during the forecast period.
    Europe Aviation Fuel Market CAGR of 15.21% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Europe Aviation Fuel Market size is XX billion from 2023 to 2033.
    Europe Aviation Fuel Market Segment is covered By Fuel Type, By Application.
    The Europe is anticipated to have the highest market share in the Europe Aviation Fuel Market.
    "The key players in the market include Companies Covered BP PLC, Exxon Mobil Corporation, Gazprom Neft PJSC, Neste Oyj, Repsol SA, Royal Dutch Shell PLC, Total SA."
    The main obstacle is the unstable oil prices, which are influenced by both economic and geopolitical events. As the industry works to comply with environmental mandates.
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