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Pulished Date December, 2020
ID: 10501
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Aviation GasolineMarket Segmentation ByApplication (Civil Aviation, Military), By Fuel Type (Avgas, Jet Fuel), By Additive Type (Deposit Control, Anti-Icing, Corrosion Inhibitor And Lubricity Improver, Biocides, Antioxidants, Dyes & Maker, Others), and Region - Industry Forecast | 2020 to 2025

Pulished: December, 2020
ID: 10501
Pages: 175

Aviation Gasoline (Avgas) Market Size, Share, Growth Analysis:

The global aviation gasoline market is predicted to accelerate, showing a CAGR of 4.5% between 2020 and 2025. A

viation fuel is a type of petroleum-based or kerosene-based fuel that is employed to make operate an airplane. Aviation fuel is of higher quality than the fuels employed in other modes of transport. The fuels employed in aviation reduce the risk of icing or explosion due to high temperatures, which is achieved by incorporating certain additives such as corrosion inhibitors and others. Aviation fuel is employed primarily by most military aircraft and commercial airlines to maximize fuel efficiency and reduce operating costs. The aviation industry is expanding today, escalating competition among jet fuel production in all sectors. Aviation gasoline or aviation gas is primarily aviation fuel that powers the positive ignition internal combustion engine of an aircraft. It has a mix-rich octane number of around 130 that allows it to have high boost pressures. It can be employed without fear of an explosion inside the engine. Also, only the avgas 100LL variety is available for consumption worldwide. This jet fuel is widely adopted in older aircraft and small-size piston engines. Aviation fuels are petroleum-derived fuels that are employed to power aircraft powered by gas turbine engines. Various types of aviation fuels are widely employed to power aircraft in commercial and military applications throughout the world. The increase in air passengers worldwide, especially in emerging economies, and fluctuations in crude oil prices underpin the development trajectories of the aviation fuel market. The escalating number of air passengers has driven the consumption of aviation fuels in developing regions. The growing focus on reducing the carbon footprint of the entire transportation industry is driving demand for biofuels.

Aviation Gasoline (Avgas) Market Trends:

Aviation fuel is a kind of fuel that is employed mainly to power an aircraft. The fuel is based on petroleum and is of higher quality than ordinary fuels employed in rail, road or other transportation. The use of jet fuel also contributes to improving the overall cost of operations. In recent years, the aviation sector has seen tremendous expansion. Competition in the segment is very high that in turn resulted inincreased competition between suppliers of aviation fuel for military and commercial purposes.

Aviation Gasoline (Avgas) Market Recent Developments in Industry:

On August 18, 2020, S&P Worldwide Platts ("Platts"), the leading independent provider of information and benchmarks for the energy and commodities markets, announced the launch of the first pricing assessment.

LanzaTech has developed technologies capable of converting carbon emissions into ethanol that can be employed for chemicals and fuels. The firm declared the spin-off of LanzaJet, along with its corporate partners Mitsui, Suncor and All Nippon Airways, to get sustainable jet fuel to the commercial industry.

Aviation Gasoline (Avgas) Market Drivers

According to the General Aviation Manufacturers Association, around 1,302 piston aircraft were sold in 2018, up from 1,218 in 2017. The escalatingcall for small piston aircraft for various sporting activities such as aerobatics, air racing, gliding and other activities are predicted to stimulate call for aviation gasoline in the coming years. In addition, the growingcall for commercial aviation aircraft by the surging number of high net worth individuals is likely to contribute to the expansion of the global aviation gasoline market in the coming years. New air routes and airports are estimated to accelerate the developments in the global aviation gasoline market.

Aviation Gasoline (Avgas) Market Restraints:

Volatility in crude oil prices, coupled with the arrival of hybrid, electric and more electric jets, could hamper market call for aviation fuel.

Aviation Gasoline (Avgas) Market Opportunities:

However, industry players are continually investing in green and bio-based fuel solutions, which should normalize impacts and prove to be a reliable alternative to traditional fossil fuels.

Aviation Gasoline (Avgas) Market Challenges:

Additionally, the complexities associated with crude oil refining and extraction and geopolitical issues can further contribute to price increases and affect market value.

Aviation Gasoline (Avgas)Market Segmentation:

By application:

  • Civil Aviation
  • Military

In terms of application, the civil aviation segment is predicted to represent a significant market share of 89.30% in 2020.

By fuel type:

  • Avgas
  • Jet fuel

The jet fuel segment had the largest market share in the worldwide aviation fuels and additives market in 2020. It is also foreseen to grow at the highest CAGR of 9.52% by 2025.

By additive type:

  • Deposit control
  • Anti-icing
  • Corrosion inhibitor
  • Lubricity improver
  • Biocides
  • Antioxidants
  • Dyes & makers
  • Others

Aviation Gasoline (Avgas) Regional Analysis:
The Aviation Gasoline (Avgas) Report includes the segmentation of Regions with their respective Countries.

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The size of the aviation gasoline market in Asia-Pacific is estimated to experience substantial expansion from 2020 to 2025, driven by the proliferation of the tourism industry in the region. In addition, improved living standards and escalated disposable income further increase regional expansion. The region's aircraft are entering into long-term and strategic agreements with aviation fuel companies to ensure a continuous supply of fuel for their aircraft. North America has a significant share of market revenue. This is due to the increase in aviation production and deliveries in the region. In addition, aircraft manufacturers are experiencing notable delays in deliveries that are anticipated to influence market expansion opportunities. North America was the largest shareholder in terms of revenue in 2018, due to the presence of key players in developing countries and the increase in the number of air travelers. However, Asia-Pacific is supposed to grow at a higher CAGR, due to escalated government investment, the introduction of new air routes, escalated fleet size, and high call for emerging economies in the region.

Competitive Landscape:

Aviation fuel industry players work together on different fuel grades and variants to make it perfect for use with a broad variety of aircraft. Additionally, several companies are also working closely with regulators to commercialize certain grades of fuel with the aim of improving efficiency and reducing pollution.

Aviation Gasoline (Avgas) Key Players:

The key players operating in the global aviation fuel industry are Bp p.l.c., Chevron Corporation, Exxon Mobil Corporation, Gazprom, Indian Oil Corporation Limited, Petrobras, Royal Dutch Shell plc, Sinopec Group, Total SA, and Oman Oil Company SAOC. The key players have adopted strategies such as partnership and business expansion to sustain the intense competition in the market. 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aviation Gasoline Market, By Fuel Type                         

                                6.1.1 Avgas        

                                6.1.2 Jet Fuel     

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Aviation Gasoline Market, By Application                      

                                6.2.1 Civil Aviation           

                                6.2.2 Military     

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Aviation Gasoline Market, By Additive Type                

                                6.3.1 Deposit Control     

                                6.3.2 Anti-Icing 

                                6.3.3 Corrosion Inhibitor And Lubricity Improver               

                                6.3.4 Biocides    

                                6.3.5 Antioxidants           

                                6.3.6 Dyes & Maker        

                                6.3.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.8 Y-o-Y Growth Rate Analysis             

                                6.3.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Fuel Type           

                                7.2.3 By Application        

                                7.2.4 By Additive Type  

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Fuel Type           

                                7.3.3 By Application        

                                7.3.4 By Additive Type  

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Fuel Type           

                                7.4.3 By Application        

                                7.4.4 By Additive Type  

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Fuel Type           

                                7.5.3 By Application        

                                7.5.4 By Additive Type  

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Fuel Type           

                                7.6.3 By Application        

                                7.6.4 By Additive Type  

8. Key Player Analysis                                    

                8.1 Bp plc                            

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Chevron Corporation                             

                8.3 Exxon Mobil Corporation                      

                8.4 Gazprom                     

                8.5 Indian Oil Corporation Limited                            

                8.6 Petrobras                    

                8.7 Royal Dutch Shell plc                               

                8.8 Sinopec Group                          

                8.9 Total SA                        

                8.10 Oman Oil Company SAOC                  

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aviation Gasoline Market By Region, From 2020-2025 ( USD Billion )
  2. Global Aviation Gasoline Market By Fuel Type, From 2020-2025 ( USD Billion )
  3. Global Avgas Market By Region, From 2020-2025 ( USD Billion )
  4. Global Jet Fuel Market By Region, From 2020-2025 ( USD Billion )
  5. Global Aviation Gasoline Market By Application, From 2020-2025 ( USD Billion )
  6. Global Civil Aviation Market By Region, From 2020-2025 ( USD Billion )
  7. Global Military Market By Region, From 2020-2025 ( USD Billion )
  8. Global Aviation Gasoline Market By Additive Type, From 2020-2025 ( USD Billion )
  9. Global Deposit Control Market By Region, From 2020-2025 ( USD Billion )
  10. Global Anti-Icing Market By Region, From 2020-2025 ( USD Billion )
  11. Global Corrosion Inhibitor And Lubricity Improver Market By Region, From 2020-2025 ( USD Billion )
  12. Global Biocides Market By Region, From 2020-2025 ( USD Billion )
  13. Global Antioxidants Market By Region, From 2020-2025 ( USD Billion )
  14. Global Dyes & Maker Market By Region, From 2020-2025 ( USD Billion )

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