Jet Fuel Market Growth, Size, Trends, Revenue, Opportunities, Challenges and Future outlook
Jet Fuel Market Size- By Fuel Grade, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2023 | Report ID: AERO2308 | Pages: 1 - 234 | Formats*: |
| Category : Aerospace and Defence | |||
Global Jet Fuel Market Overview
According to SPER Market Research, the Global Jet Fuel Market is estimated to reach USD 334.96 billion by 2033 with a CAGR of 4.94%.
Aviation fuels known as jet fuels are primarily utilized by the United States and other North Atlantic Treaty Organization (NATO) nations to support their military operations. Commercial airlines, on the other hand, rely on similar types of fuel called Jet A and Jet A-1. Jet fuel, which ranks as the third most significant transportation fuel, falls under the category of middle-distillate products. It finds extensive use worldwide in both cooking and heating (kerosene), as well as powering commercial and military jets. Freeze point, flash point, and smoke point are vital characteristics of jet fuel when employed for aviation purposes. The boiling point range for commercial jet fuel typically falls between 190°C and 275°C, while military jet fuel operates within the range of 55°C to 285°C.
Exploring the Growth Drivers of the Global Jet Fuel Industry
Several factors influence the global jet fuel market. To begin with, the growing number of air travellers drives demand for jet fuel as more people choose to travel by air. Second, as the aviation industry expands with new and existing airlines, the demand for jet fuel rises to meet passenger demand. Economic conditions also play a role, as increased air travel and higher fuel demand result from a strong economy. Concerns about the environment encourage the development of sustainable aviation fuels, while technological advances in aircraft design influence fuel consumption. These factors influence the growth and demand for jet fuel.
What challenges does the Global Jet Fuel Market face?
The global jet fuel market is facing operational and growth challenges. Crude oil price volatility has a direct impact on jet fuel costs, making it difficult for businesses to plan and manage expenses. Environmental concerns and regulations necessitate the development of sustainable aviation fuels that adhere to stringent specifications. Geopolitical factors and conflicts can disrupt crude oil supply, causing market uncertainty. The infrastructure for producing, storing, and transporting jet fuel is complex and costly. While technological advances in aircraft design are beneficial to the environment, they may reduce the overall demand for jet fuel. Overcoming these obstacles is critical for ensuring a consistent, affordable, and long-term supply of jet fuel.
In what ways has the COVID-19 pandemic affected Global Jet Fuel Market?
COVID-19 had a significant impact on the global jet fuel market, as travel restrictions and lockdown measures resulted in a significant drop in air travel. This reduced demand for jet fuel, forcing airlines to cancel flights and cut back on operations, resulting in a jet fuel surplus. Prices fell as a result of the surplus, posing financial challenges for oil companies and refineries that rely on the aviation industry. The airline industry has also seen job losses and pay cuts. On the plus side, reduced air travel temporarily reduced greenhouse gas emissions and air pollution, benefiting the environment. COVID-19 resulted in decreased demand, surplus supply, plummeting prices, financial difficulties, job losses, and environmental benefits in the global jet fuel market.
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 Grade, By Application |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Allied Aviation Services Inc., Amyris, Archer Daniels Midland Company, Bharat Petroleum Corp Ltd, BP Plc., Chevron Corporation, Exxon Mobil Corporation, Gazprom Neft PJSC, Honeywell International Inc., Primus Green Energy, Qatar Jet Fuel Company, Shell PLC, Solazyme, TotalEnergies SE, Valero Marketing and Supply, Others |
Key Target Audience:
- Airlines and aviation companies
- Oil companies and refineries
- Aircraft manufacturers and suppliers
- Airport authorities and ground handling services
- Defense and military sectors
- Government regulatory bodies and policymakers
- Fuel distributors and suppliers
Global Jet Fuel Market Segmentation:
1. By Fuel Grade:
- Global Jet Fuel Market Value Share and Forecast, By Fuel Grade, 2023-2033
- Jet A
- Jet A1
- Jet B
- TS-1
2. By Application:
- Global Jet Fuel Market Value Share and Forecast, By Application, 2023-2033
- Commercial
- Defense
- General Avaition
- Private
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Jet Fuel Market Size (FY’2023-FY’2033)
- Overview of Global Jet Fuel Market
- Segmentation of Global Video Editing Platform Market By Fuel Grade (Jet A, Jet A1, Jet B, TS-1)
- Segmentation of Global Video Editing Software Market By Application (Commercial, Defense, General Avaition, Private)
- Statistical Snap of Global Jet Fuel Market
- Growth Analysis of Global Jet Fuel Market
- Problems and Challenges in Global Jet Fuel Market
- Competitive Landscape in the Global Jet Fuel Market
- Impact of COVID-19 and Demonetization on Global Jet Fuel Market
- Details on Recent Investment in Global Jet Fuel Market
- Competitive Analysis of Global Jet Fuel Market
- Key Players in the Global Jet Fuel Market
- SWOT Analysis of Global Jet Fuel Market
- Global Jet 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 database2.1.4. Premium insight from KOL’s2.2. 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 Global Jet 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. Global Jet Fuel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Jet Fuel Market
7. Global Jet Fuel Market, By Fuel Grade (USD Million)
7.1. Global Jet Fuel Market Value Share and Forecast, By Fuel Grade, 2023-20337.2. Jet A7.3. Jet A17.4. Jet B7.5. TS-1
8. Global Jet Fuel Market, By Application (USD Million)
8.1. Global Jet Fuel Market Value Share and Forecast, By Application, 2023-20338.2. Commercial8.3. Defense8.4. General Avaition8.5. Private
9. Global Jet Fuel Market Forecast, 2019-2033 (USD Million)
9.1. Global Jet Fuel Market Size and Market Share
10. Global Jet Fuel Market, By Fuel Garde, 2019-2033 (USD Million)
10.1. Global Jet Fuel Market Size and Market Share By Fuel Grade (2019-2026)10.2. Global Jet Fuel Market Size and Market Share By Fuel Grade (2027-2033)
11. Global Jet Fuel Market, By Application, 2019-2033 (USD Million)
11.1. Global Jet Fuel Market Size and Market Share By Application (2019-2026)11.2. Global Jet Fuel Market Size and Market Share By Application (2027-2033)
12. Global Jet Fuel Market, By Region, 2019-2033 (USD Million)
12.1. Global Jet Fuel Market Size and Market Share By Region (2019-2026)12.2. Global Jet Fuel Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Allied Aviation Services Inc.13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Amyris13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Archer Daniels Midland Company13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Bharat Petroleum Corp Ltd13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. BP Plc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Chevron Corporation13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Exxon Mobil Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Gazprom Neft PJSC13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Honeywell International Inc.13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Primus Green Energy13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Qatar Jet Fuel Company13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Shell PLC13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Solazyme13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. TotalEnergies SE13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments13.15. Valero Marketing and Supply13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments13.16. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. 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
Jet Fuel Market is projected to reach USD 334.96 billion by 2033, growing at a CAGR of 4.94% during the forecast period.
Jet Fuel Market grew in market size from 2023. The Market is expected to reach USD 334.96 billion by 2033, at a CAGR of 4.94% during the forecast period.
Jet Fuel Market CAGR of 4.94% during the forecast period.
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Jet Fuel Market size is USD 334.96 billion from 2023 to 2033.
Jet Fuel Market Segment is Covered By Fuel Grade, By Application
The North America region is anticipated to have the highest market share in Jet Fuel Market.
The growing number of air travellers drives demand for jet fuel as more people choose to travel by air.
The key players in the market include Companies Covered Allied Aviation Services Inc., Amyris, Archer Daniels Midland Company, Bharat Petroleum Corp Ltd, BP Plc., Chevron Corporation, Exxon Mobil Corporation, Gazprom Neft PJSC, Honeywell International Inc., Primus Green Energy, Qatar Jet Fuel Company, Shell PLC, Solazyme, TotalEnergies SE, Valero Marketing and Supply, Others
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