The notable surge in air passengers worldwide coupled with rising aircraft fleet, increasing disposable income, booming travel and tourism industry, and supportive governmental policies are some of the significant factors driving the demand for the global aviation fuel market.
The aviation fuel is a specialized type of petroleum-based fuel used to power aircraft. It is of a higher quality than fuels and reduces the risk of icing or explosion due to high temperature.
The recent outbreak of Covid-19 has negatively impacted the global travel and tourism industry because of nationwide lockdowns and close national borders in order to contain the spread of virus, which in turn impacted the demand for aviation fuel.
The aviation fuel market has seen a considerable growth in passenger air travel globally. In the last five years, the aviation industry has witnessed a rise in more than 6% of global air passenger travel demand.
Asia-Pacific is expected to be the dominating player in coming years due to the rise in urbanization and increasing disposable and favorable policies by concerned governments to enhance air connectivity in region.
The global aviation fuel market is segmented on the basis of grade and end-user. Based on grade, the aviation fuel market is segmented into het fuel, aviation gasoline, and biokerosene. On the basis of end-user, the market is divided into civil, commercial, military and others.
The global Aviation Fuel market size is expected to grow at double digit during the forecast period.
Blackridge's Report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the global aviation fuel market growth.
The Report will also provide a perspective on various market opportunities and threats and a detailed analysis of the global aviation fuel market's competitive landscape This product will be delivered within 5-7 business days.