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
| 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.
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.
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 covered | By Fuel Type, By Application |
| Regions covered | The United Kingdom, France, Germany, Spain, Rest of Europe |
| Companies Covered | BP 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: |
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| By Application: |
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| By Region: |
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Aviation Fuel Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Aviation Fuel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Air Turbine7.3. Aviation Biofuel7.4. AVGAS
8. Europe Aviation Fuel Market, By Application (USD Million)
8.1. Europe Aviation Fuel Market Value Share and Forecast, By Application, 2023-20338.2. Commercial8.3. Defence8.4. 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 Kingdom12.4. France12.5. Germany12.6. Spain12.7. Rest of Europe
13. Company Profile
13.1. BP PLC13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Exxon Mobil Corporation13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Gazprom Neft PJSC13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Neste Oyj13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Repsol SA13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Royal Dutch Shell PLC13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Total SA13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments14. 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.
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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