Dec 14, 2020   SOURCE: BusinessWire

Global Jet Fuel Market Report 2020-2025: A Consolidated Market Featuring Major Players - BP, Exxon Mobil, Royal Dutch Shell, and Total SA - ResearchAndMarkets.com

The "Jet Fuel Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for jet fuel is expected to register a CAGR of more than 11% during the forecast period of 2020 - 2025.

Stronger economic growth is pushing air passenger traffic ahead of capacity growth in the recent past. Additionally, falling travel costs have been adding to the airline market growth over the past several years. Therefore, aircraft are being flown more intensively to meet the increasing demand.

Factors, such as increasing air passenger traffic, increasing number of low-cost carriers (LCC) across the world, and increasing demand for air cargo transportation, are expected to drive the jet fuel market in the coming years.

However, increasing penetration of sustainable aviation fuels (SAF), strict emission regulations and a positive trend in the piston engine aircraft deliveries is expected to increase the demand for aviation gasoline (AVGAS) are expected to have a slight impact on the jet fuel market in the coming years.

Commercial application accounts for the largest share in the jet fuel market, owing to the increasing number of air passengers and aircraft fleet across the world.

Increasing concerns over emissions from the airline industry and initiatives by the governments in developed economies to reduce airline emissions are expected to provide significant opportunities for renewable jet fuel in the future.

Asia-Pacific dominated the market across the world as the region witnessed increasing passenger traffic, especially from the emerging economies.

Key Market Trends

Increasing Air Passenger Traffic across the World

The commercial segment accounts for the largest share in the jet fuel market. In 2018, around 4.3 billion passengers were carried by air transport on scheduled services, representing an increase of 6.9% over the previous year. The number of departures rose to approximately 38 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometers (RPKs), grew solidly at 6.7% and reached approximately 8.2 trillion RPKs performed in 2018.

Asia-Pacific to Dominate the Market

In terms of the domestic market, Asia-Pacific, one of the world's largest domestic market with 42% of traffic share in 2018, continued to grow double-digitally at 10.4%, contributed by the strong demand in India and China, owing to their increasing GDP per capita and growing domestic air connectivity.

Competitive Landscape

The jet fuel market is consolidated. Some of the major companies include BP PLC, Exxon Mobil Corporation, Royal Dutch Shell PLC, and Total SA.

Key Topics Covered:

1 INTRODUCTION

1.1 Scope of the Study

1.2 Market Definition

1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Government Policies and Regulations

4.4 Recent Trends and Developments

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Fuel Type

5.1.1 Jet A and Jet A1

5.1.2 Jet B

5.2 Application

5.2.1 Commercial

5.2.2 Defense

5.2.3 General Aviation

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Exxon Mobil Corporation

6.3.2 Qatar Jet Fuel Company

6.3.3 Bharat Petroleum Corp. Ltd

6.3.4 BP PLC

6.3.5 Chevron Corporation

6.3.6 Royal Dutch Shell PLC

6.3.7 Total SA

6.3.8 Allied Aviation Services Inc.

6.3.9 Valero Marketing and Supply

6.3.10 Gazprom Neft PJSC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/yowuy2