Global Jet Fuel Market Overview:
According to SPER Market Research, the Global Jet Fuel Market is estimated to reach USD 303.58 billion by 2032 with a CAGR of 4.92%.
The next sector sought for the world's economic development is the global aviation market. Aviation fuel is expected to play a significant part in the provision of the global fast transportation network required for international trade and tourism. Due to socioeconomic, tourism, political, and comprehensive commercial trading factors, the worldwide market for air travel is expected to increase quickly. In the aviation sector, where aviation fuel is a key component, bilateral growth between the nations is essential to creating a better world by raising the standard of living. The potential market for aviation fuel will be boosted by low crude oil prices, middle-class families' discretionary money, growing e-commerce, and increased international trade.
Impact of COVID-19 on the Global Jet Fuel Market
Global trade has been devastated by corona virus (COVID-19), which has also had disastrous consequences on households, businesses, financial institutions, industrial enterprises, and infrastructural firms. The market's development has been constrained by the new coronavirus, which has impacted various economies and triggered lockdown in numerous nations. In most nations throughout the world, the closure of industrial factories caused a reduction in demand for solar-related equipment, which in turn caused a decline in demand for the jet fuel industry. The decline in power usage in industrial facilities throughout the world during the epidemic has a detrimental effect on the market's growth.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Fuel Type, By Fuel Grade, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Allied Aviation Services Inc., Amyris, Archer Daniels Midland Company, Bharat Petroleum Corp Ltd., British Petroleum PLC., Chevron Corporation, China Aviation Oil, Exxon Mobil Corporation, Gazprom Neft PJSC, Honeywell International Inc., Mercury Air Group, Primus Green Energy, Qatar Jet Fuel Company, Shell PLC, Solazyme, Total, TotalEnergies SE, Valero Marketing and Supply, Vitol, World Fuel Service.
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Global Jet Fuel Market Segmentation:
By Fuel Type: Based on the Fuel Type, Global Jet Fuel Market is segmented as; Aviation Turbine Fuel, Avgas, Bio Jet Fuel.
By Fuel Grade: Based on the Fuel Grade, Global Jet Fuel Market is segmented as; Jet A, Jet A2, Jet B, TS-1.
By End User: Based on the End User, Global Jet Fuel Market is segmented as; Commercial, General Aviation, Military, Private.
By Region: The US, Canada, and Mexico are all included in the analysis of North America. The United States dominates the market share, followed by Canada and Mexico. The US dominates the sector since it is the basis for a large number of general aviation aircraft. In addition, the aviation fuel industry is heavily dependent on the defence industry. These efforts are anticipated to be the main drivers propelling the growth of the market in this region throughout the course of the forecast period, as the U.S. Air Force consumes several billion gallons of aviation fuel yearly.
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 Global Jet Fuel Market
5. Market variables 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 analysis
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. Global Jet Fuel Market, By Fuel Type, 2019-2032 (USD Million)
6.1. Aviation Turbine Fuel
6.2. Avgas
6.3. Bio Jet Fuel
7. Global Jet Fuel Market, By Fuel Grade, 2019-2032 (USD Million)
7.1. Jet A
7.2. Jet A2
7.3. Jet B
7.4. TS-1
8. Global Jet Fuel Market, By End User, 2019-2032 (USD Million)
8.1. Commercial
8.2. General Aviation
8.3. Military
8.4. Private
9. Global Jet Fuel Market, By Region, 2019-2032 (USD Million)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
10. Company Profiles
10.1 Allied Aviation Services Inc.
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Amyris
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Archer Daniels Midland Company
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Bharat Petroleum Corp Ltd.
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 British Petroleum PLC.
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Chevron Corporation
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 China Aviation Oil
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Exxon Mobil Corporation
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Gazprom Neft PJSC
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Honeywell International Inc.
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
10.11 Mercury Air Group
10.11.1 Company details
10.11.2 Financial outlook
10.11.3 Product summary
10.11.4 Recent developments
10.12 Primus Green Energy
10.12.1 Company details
10.12.2 Financial outlook
10.12.3 Product summary
10.12.4 Recent developments
10.13 Qatar Jet Fuel Company
10.13.1 Company details
10.13.2 Financial outlook
10.13.3 Product summary
10.13.4 Recent developments
10.14 Shell PLC
10.14.1 Company details
10.14.2 Financial outlook
10.14.3 Product summary
10.14.4 Recent developments
10.15 Solazyme
10.15.1 Company details
10.15.2 Financial outlook
10.15.3 Product summary
10.15.4 Recent developments
10.16 Total
10.16.1 Company details
10.16.2 Financial outlook
10.16.3 Product summary
10.16.4 Recent developments
10.17 TotalEnergies SE
10.17.1 Company details
10.17.2 Financial outlook
10.17.3 Product summary
10.17.4 Recent developments
10.18 Valero Marketing and Supply
10.18.1 Company details
10.18.2 Financial outlook
10.18.3 Product summary
10.18.4 Recent developments
10.19 Vitol
10.19.1 Company details
10.19.2 Financial outlook
10.19.3 Product summary
10.19.4 Recent developments
10.20 World Fuel Service
10.20.1 Company details
10.20.2 Financial outlook
10.20.3 Product summary
10.20.4 Recent developments
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.
