March 28, 2020
Aviation Fuel

Aviation Fuel Market | Global Industry Analysis and Trends 2030

The global Jet A-1 fuel market was valued at US$ 53.1 Bn in 2016, and is expected to each US$ 102.8 Bn by 2030, expanding at a CAGR of 4.8% from 2016 to 2030.

The global market for A-1 jet fuel is projected to see significant growth over the forecast period. Growth in disposable income, along with a shift in consumer preference, is increasing the number of air passengers, fueling the demand for aviation services, which, in turn, is projected to drive demand for Jet A-1 fuel over the forecast period. Moreover, the aviation industry has also seen high growth in the low-cost carrier segment. Growing international trade, especially for perishable goods around the globe, fueling the need for an air carrier that, in turn, drives demand for jet fuel or jet A-1 fuel.

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However, volatile oil prices of crude oil expected to restrain the growth of global Jet A-1 fuel market during the forecast period (2016-2030).

By Geography, North America was the dominant region in 2015 and expected to remain dominant over the forecast period. The segment is expected to experience stable growth during the forecast period. As a result, Asia Pacific is expected to be the fastest growing region on the global JetA-1 fuel market. Rapid growth in disposable income, along with a shift in consumer preferences, is fueling demand for aviation services, which, in turn, is forecast to fuel demand for jet A-1 fuel in the region over the forecast period (2016-2030).

Considering the competition, the global Jet A-1 fuel market is expected to witness a significant rise in investment in capacity expansion for the production and supply of Jet A-1 fuel. Further, market has witnessed strategic mergers and collaborations among Jet A-1 fuel regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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