Middle East and Africa Aviation Fuel Market Growth, Size, Trends, Revenue and Future Outlook
Middle East and Africa Aviation Fuel Market Size- By Fuel Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AERO2402 | Pages: 1 - 153 | Formats*: |
| Category : Aerospace and Defence | |||
Middle-East and Africa Aviation Fuel Market Introduction and Overview
According to SPER Market Research, the Middle-East and Africa Aviation Fuel Market is estimated to reach USD XX billion by 2033 with a CAGR of 14.2%.
The report includes an in-depth analysis of the Middle-East and Africa Aviation Fuel Market, including market size and trends, product mix, distribution channels, and supplier analysis. Aircraft operate by aviation fuel, which comes in a variety of forms and is derived from refined petroleum. Major factors driving the aviation fuel market are the growing popularity of air travel and the growing aviation industry in many developing countries. A significant number of opportunities are expected to arise for all market participants during the study period due to the development of the most recent aviation biofuels and the growing need for low-cost carriers. The development of the aviation fuel market may be somewhat hampered by elements like strict environmental laws and volatile crude oil prices.
- In January 2022, a partnership agreement was signed by Masdar, Siemens Energy, and TotalEnergies with a focus on green hydrogen production to create sustainable aviation fuel (SAF).
- In January 2023, an agreement was reached between AviLease and the Saudi Investment Recycling Company (SIRC) to begin producing and supplying sustainable aviation fuel (SAF) to AviLease's network.
Market Opportunities and Challenges
Opportunities: Stronger economic conditions, rising disposable income, and an increase in air traveler population are some of the key market drivers. Recent airfare reductions have also contributed to this growth. The demand for aviation fuel is also anticipated to rise as a result of recent and impending fighter jet deals in various nations in the region. Over 2,600 new aircraft will be required by Middle Eastern countries in the next 20 years to accommodate the region's growing air traveler population. Players in the aviation fuel market should expect opportunities with this kind of scope.
Challenges: There are many challenges facing the Middle-East and Africa Aviation Fuel market. The market is projected to be restricted by the expensive and unstable cost of aviation fuel. Furthermore, SAF strictly certifies technical certifications before approving their use in aircraft engines. Strict approval procedures are applied to all stages of the SAF market's value chain for application purposes. However, the cost of SAF approval is increased by the involvement of multiple stakeholders and the amount of fuel needed for the testing parameters. These factors could also hampered market growth.
Market Competitive Landscape
The market for aviation fuel in the Middle East and Africa is partially consolidated. The following are a few of the significant businesses: Abu Dhabi National Oil Company, Chevron Corporation, Shell PLC, Emirates National Oil Company, and TotalEnergies SE, to name a few.
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 | United Arab Emirates, Saudi Arabia, Qatar, Egypt, South Africa, Rest of Middle-East and Africa |
| Companies Covered | Abu Dhabi National Oil Company, BP PLC, Chevron Corporation, Emirates National Oil Company, Exxon Mobil Corporation, Repsol SA, Shell PLC, TotalENergies SE |
COVID-19 Impact on Middle-East and Africa Aviation Fuel Market
The Middle East and Africa's aviation fuel market has been significantly impacted by the COVID-19 pandemic. The need for aviation fuel fell sharply throughout the region as a result of severe travel restrictions, lockdowns, and a sharp drop in air travel. Fleets of airlines were grounded, which significantly reduced fuel usage. The aviation sector's recovery was hampered by economic challenges and uncertainties that compounded this decline. Strict measures taken by governments in the Middle East and Africa to stop the virus's spread led to a prolonged period of depressed demand for air travel. Due to the region's aviation industry's extraordinary financial difficulties, cost-cutting measures and operational changes were necessary.
Key Target Audience:
- Airlines and Air Transport Companies
- Oil and Gas Companies
- Government and Regulatory Bodies
- Aviation Industry Suppliers
- End Users and Consumers
Our in-depth analysis of the Middle-East and Africa 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:
- Middle-East and Africa Aviation Fuel Market Size (FY’2023-FY’2033)
- Overview of Middle-East and Africa Aviation Fuel Market
- Segmentation of Middle-East and Africa Aviation Fuel Market By Fuel Type (Air Turbine Fuel, Aviation Biofuel)
- Segmentation of Middle-East and Africa Aviation Fuel Market By Application (Commercial, Defence, General Aviation)
- Expansion Analysis of Middle-East and Africa Aviation Fuel Market
- Problems and Obstacles in Middle-East and Africa Aviation Fuel Market
- Competitive Landscape in the Middle-East and Africa Aviation Fuel Market
- Impact of COVID-19 and Demonetization on Middle-East and Africa Aviation Fuel Market
- Details on Current Investment in Middle-East and Africa Aviation Fuel Market
- Competitive Analysis of Middle-East and Africa Aviation Fuel Market
- Prominent Players in the Middle-East and Africa Aviation Fuel Market
- SWOT Analysis of Middle-East and Africa Aviation Fuel Market
- Middle-East and Africa 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 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 Middle-East and Africa 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. Middle-East and Africa Aviation Fuel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle-East and Africa Aviation Fuel Market
7. Middle-East and Africa Aviation Fuel Market, By Fuel Type (USD Million)
7.1. Middle-East and Africa Aviation Fuel Market Value Share and Forecast, By Fuel Type, 2023-20337.2. Air Turbine Fuel7.3. Aviation Biofuel
8. Middle-East and Africa Aviation Fuel Market, By Application (USD Million)
8.1. Middle-East and Africa Aviation Fuel Market Value Share and Forecast, By Application, 2023-20338.2. Commercial8.3. Defence8.4. General Aviation
9. Middle-East and Africa Aviation Fuel Market Forecast, 2019-2033 (USD Million)
9.1. Middle-East and Africa Aviation Fuel Market Size and Market Share
10. Middle-East and Africa Aviation Fuel Market, By Fuel Type, 2019-2033 (USD Million)
10.1. Middle-East and Africa Aviation Fuel Market Size and Market Share By Fuel Type (2019-2026)10.2. Middle-East and Africa Aviation Fuel Market Size and Market Share By Fuel Type (2027-2033)
11. Middle-East and Africa Aviation Fuel Market, By Application, 2019-2033 (USD Million)
11.1. Middle-East and Africa Aviation Fuel Market Size and Market Share By Application (2019-2026)11.2. Middle-East and Africa Aviation Fuel Market Size and Market Share By Application (2027-2033)
12. Middle-East and Africa Aviation Fuel Market, By Region, 2019-2033 (USD Million)
12.1. Middle-East and Africa Aviation Fuel Market Size and Market Share By Region (2019-2026)12.2. Middle-East and Africa Aviation Fuel Market Size and Market Share By Region (2027-2033)12.3. United Arab Emirates12.4. Saudi Arabia12.5. Qatar12.6. Egypt12.7. South Africa12.8. Rest of Middle-East and Africa
13. Company Profile
13.1. Abu Dhabi National Oil Company13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. BP PLC13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Chevron Corporation13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Emirates National Oil Company13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Exxon Mobil Corporation13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Repsol SA13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Shell PLC13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. TotalENergies SE13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary
13.8.4. Recent developments
14. 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
Middle East and Africa Aviation Fuel Market is projected to reach USD XX billion by 2033, growing at a CAGR of 14.2% during the forecast period.
Middle East and Africa Aviation Fuel Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 14.2% during the forecast period.
Middle East and Africa Aviation Fuel Market CAGR of 14.2% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Middle East and Africa Aviation Fuel Market size is USD XX billion from 2023 to 2033.
Middle East and Africa Aviation Fuel Market Segment is covered By Fuel Type, By Application.
The Middle East and Africa is anticipated to have the highest market share in the Middle East and Africa Aviation Fuel Market.
"The key players in the market include Companies Covered Abu Dhabi National Oil Company, BP PLC, Chevron Corporation, Emirates National Oil Company, Exxon Mobil Corporation, Repsol SA, Shell PLC, TotalENergies SE."
The market is projected to be restricted by the expensive and unstable cost of aviation fuel. Furthermore, SAF strictly certifies technical certifications before approving their use in aircraft engines.
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