North America Aviation Fuel Market Growth, Size, Trends, Revenue, Opportunities and Future Outlook
North America Aviation Fuel Market Size- By Fuel Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AERO2410 | Pages: 1 - 156 | Formats*: |
| Category : Aerospace and Defence | |||
North America Aviation Fuel Market Introduction and Overview
According to SPER Market Research, the North America Aviation Fuel Market is estimated to reach USD XX million by 2033 with a CAGR of 16.51%.
The report includes an in-depth analysis of the North America Aviation Fuel Market, including market size and trends, product mix, distribution channels, and supplier analysis. Aircraft are powered by aviation fuel, which comes in a variety of forms and is derived from refined petroleum. Major factors driving the aviation fuel market include the growing popularity of air travel and the growing aviation industry in many emerging countries. All of the market participants should expect significant opportunities throughout the research period due to the development of the most recent aviation fuels and the growing need for low-cost airlines. The development of the aviation fuel business may be somewhat hampered by elements like strict environmental laws and volatile crude oil prices.
- United Airlines signed an international purchase agreement for sustainable aviation fuel (SAF) in May 2022, making it the first airline in the US to do so. United Airlines and Neste have inked a new purchase deal that gives United the option to acquire up to 52.5 million gallons over the course of the next three years.
- In September 2022, the U.S. Department of Energy released a plan outlining a government-wide approach to increase the production and utilization of sustainable aviation fuels (SAF).
Market Opportunities and Challenges
Opportunities: There are several opportunities in the North American aviation fuel market, which are driven by different factors. First, there is a sizable demand base for aviation fuel provided by the region's thriving aviation sector, which is distinguished by a dense network of airports and airlines. There is a constant need for dependable fuel sources due to the growing demand for air travel, particularly in industries like commercial aviation and air freight. Furthermore, new developments in aviation technology, such as the introduction of sustainable aviation fuels (SAF) and more fuel-efficient aircraft, open up new possibilities for industry growth and innovation. The adoption of SAF is further accelerated by the increasing focus on environmental sustainability, creating new market niches and investment opportunities.
Challenges: Challenge: Too high Expenses for SAF Certification and Approval. SAF rigorously validates technical requirements before granting complete approval for use in aircraft engines. Strict application approval procedures are in place for all stages of the SAF market, affecting the entire value chain. Nevertheless, the cost of SAF approval is increased by the participation of multiple stakeholders and the amount of fuel needed for the testing criteria. The lengthy and costly OEM-led ASTM D4054 approval and evaluation procedure, for example, is one of the main obstacles to the market expansion for sustainable aviation fuel.
Market Competitive Landscape
The market for aviation fuel in North America is very slightly fragmented. Some of the market key players are Exxon Mobil Corporation, BP PLC, Shell PLC, TotalEnergies SE, Chevron Corporation, and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Fuel Type, By Application |
| Regions covered | United States, Canada, Rest of North America |
| Companies Covered | Allied Aviation Services Inc, BP PLC, Chevron Corporation, Exxon Mobil Corporation, Honeywell International Inc, Pan American Energy S.L., Shell PLC, TotalEnergies SE, Valero Marketing and Supply, and others. |
COVID-19 Impact on North America Aviation Fuel Market
The COVID-19 epidemic has had a major effect on the aviation fuel market in North America, posing hitherto unheard-of difficulties for industry participants. Airlines were compelled to halt fleets and reduce flight frequencies due to extensive travel restrictions, border closures, and a steep decline in the demand for passenger air travel. This resulted in a drastic reduction in the amount of aviation fuel used. Due to excess supply and storage issues brought on by this abrupt decline in demand, fuel prices fluctuated and supply networks were thrown off. In addition, the pandemic's aftermath's economic collapse made matters worse by placing financial strain on airlines, who tried to cut expenses wherever they could. As a result, in order to weather the crisis, some airlines postponed the delivery of new aircraft, conducted layoffs, and applied for government aid.
Key Target Audience:
- Airlines
- Aviation Fuel Suppliers
- Government Regulatory Agencies
- Investors and Financial Institutions
- Environmental Organizations
- Research Institutions and Academia
- Aircraft Manufacturers
Our in-depth analysis of the North America 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:
- North America Aviation Fuel Market Size (FY’2024-FY’2033)
- Overview of North America Aviation Fuel Market
- Segmentation of North America Aviation Fuel Market By Fuel Type (Air Turbine Fuel, Aviation Biofuel, AVGAS)
- Segmentation of North America Aviation Fuel Market By Application (Commercial, Defence, General Aviation)
- Expansion Analysis of North America Aviation Fuel Market
- Problems and Obstacles in North America Aviation Fuel Market
- Competitive Landscape in the North America Aviation Fuel Market
- Impact of COVID-19 and Demonetization on North America Aviation Fuel Market
- Details on Current Investment in North America Aviation Fuel Market
- Competitive Analysis of North America Aviation Fuel Market
- Prominent Players in the North America Aviation Fuel Market
- SWOT Analysis of North America Aviation Fuel Market
- North America Aviation Fuel Market Future Outlook and Projections (FY’2024-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. Challenges
4.2. COVID-19 Impacts of the North America 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. North America Aviation Fuel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Aviation Fuel Market
7. North America Aviation Fuel Market, By Fuel Type (USD Million)
7.1. North America Aviation Fuel Market Value Share and Forecast, By Fuel Type, 2024-20337.2. Air Turbine Fuel7.3. Aviation Biofuel7.4. AVGAS
8. North America Aviation Fuel Market, By Application (USD Million)
8.1. North America Aviation Fuel Market Value Share and Forecast, By Application, 2024-20338.2. Commercial8.3. Defence8.4. General Aviation
9. North America Aviation Fuel Market Forecast, 2020-2033 (USD Million)
9.1. North America Aviation Fuel Market Size and Market Share
10. North America Aviation Fuel Market, By Fuel Type, 2020-2033 (USD Million)
10.1. North America Aviation Fuel Market Size and Market Share By Fuel Type (2020-2026)10.2. North America Aviation Fuel Market Size and Market Share By Fuel Type (2027-2033)
11. North America Aviation Fuel Market, By Application, 2020-2033 (USD Million)
11.1. North America Aviation Fuel Market Size and Market Share By Application (2020-2026)11.2. North America Aviation Fuel Market Size and Market Share By Application (2027-2033)
12. North America Aviation Fuel Market, By Region, 2020-2033 (USD Million)
12.1. North America Aviation Fuel Market Size and Market Share By Region (2020-2026)12.2. North America Aviation Fuel Market Size and Market Share By Region (2027-2033)12.3. United States12.4. Canada12.5. Rest of North America
13. Company Profile
13.1. Allied Aviation Services Inc13.1.1. 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. Exxon Mobil Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Honeywell International Inc13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Pan American Energy S.L.13.6.1. 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 summary13.8.4. Recent developments13.9. Valero Marketing and Supply13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. 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
North America Aviation Fuel Market is projected to reach USD XX million by 2033, growing at a CAGR of 16.51% during the forecast period.
North America Aviation Fuel Market size from 2022. The Market is expected to reach USD XX million by 2033, at a CAGR of 16.51% during the forecast period.
North America Aviation Fuel Market CAGR of16.51% during the forecast period.
You can get the sample pages by clicking the link - Click Here
North America Aviation Fuel Market size is XX million from 2023 to 2033.
North America Aviation Fuel Market Segment is covered By Fuel Type, By Application.
The North America is anticipated to have the highest market share in the North America Aviation Fuel Market.
"The key players in the market include Companies Covered Allied Aviation Services Inc, BP PLC, Chevron Corporation, Exxon Mobil Corporation, Honeywell International Inc, Pan American Energy S.L., Shell PLC, TotalEnergies SE, Valero Marketing and Supply, and others."
There is a constant need for dependable fuel sources due to the growing demand for air travel, particularly in industries like commercial aviation and air freight. Furthermore, new developments in aviation technology.
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