Global “Jet Fuel Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Jet Fuel in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Jet Fuel Market report categorizes the market based on manufacturers, regions, type, and application. Jet Fuel Market reports offer a detailed assessment of the Jet Fuel including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Jet Fuel market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Jet Fuel Market
The jet fuel is a type of aviation fuel and one of the major petroleum products produced from processing crude oil in a petroleum refinery. The jet fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. Demand for air travel is expected to double in the next two decades and grow by almost 4% every year. The strong economic growth in the emerging countries such as China and India and an expanding middle class in the Asia-Pacific region is expected to boost the total number of passengers resulting in growth for jet fuel market. Similar to the consumer demand for road transport, growth for air travel is expected to be fueled by the emerging markets such as China, Japan and India. Asia-Pacific holds a major share in the jet fuel market followed by Europe and North America regions.
Increase in the Air Passenger Number Driving the Jet Fuel Market
Demand for jet fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of 8.8% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for jet fuel, which has been one of the strongest performers among transportation fuels in recent years. Jet fuel market is expected to witness a high growth rate with increased aviation travel and limited substitutes in this market. The International Energy Agency in its New Policies Scenario has stated that the demand for jet fuel is expected to rise more than 50% to above 9 million barrels per day by 2040.
Asia-Pacific Holds the Larhest Share in Jet Fuel Market
Asia-Pacific has emerged as one of the largest jet fuel markets in the recent years. With the rise in urbanization and increasing disposable incomes in the emerging economies across the region has resulted in the growth of air passengers in this region. Driven by changing demographic trends, Asia-Pacific increasing investments in transportation and manufacturing infrastructure is expected to boost the demand for jet fuel. Countries such as China, India, and Indonesia are expected to be the fastest growing markets in terms of annual additional passengers by 2036. With Chinas economy shifting towards a more service- and consumption-driven model, the medium term demand for air freight is expected to increase in the coming years. These are some of the significant factors contributing to the growth of jet fuel market during the forecast period.
Passenger Aircraft A Huge Market Potential
Due to the sharp increase in economic growth and disposable incomes in emerging countries demand for air travel is expected to double in the next two decades and grow almost by 4% each year. In 2017, approximately 3.97 billion passengers traveled by passenger aircrafts, and every year, more than half of the worlds tourists who cross international borders choose to go by air. This has generated a global revenue to the value of USD 534 billion in 2017. As international travel has become more accessible, the global tourist arrival count has greatly increased 1.24 billion in 2016. Increasing the number of flights performed and the number of low-cost carriers in countries such as China and India have accounted for more than 10% of the total aviation market in these countries.
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The global Jet Fuel market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Jet Fuel Market Report covers the Top Key-players in 2021:-
- Exxon Mobil Corporation -Qatar Jet Fuel Company -Bharat Petroleum Corp Ltd -BP p.l.c -Chevron Corporation -Royal Dutch Shell Plc -Vitol -Allied Aviation Services
- Inc. -Valero Marketing and Supply -Gazprom Neft PJSC
Highlighted points of Jet Fuel Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Jet Fuel Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Jet Fuel? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Jet Fuel Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Jet Fuel Market? What Was Capacity, Production Value, Cost and PROFIT of Jet Fuel Market?
- What Is Current Market Status of Jet Fuel Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Jet Fuel Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Jet Fuel Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Jet Fuel Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Jet Fuel Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Jet Fuel Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Jet Fuel Industry?
Key Developments in the Jet Fuel Market:
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Inositol Market Competitive Landscape
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Reasons to Purchase Jet Fuel Market ReportCurrent and future jet fuel market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porters five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market share, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel)
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Finally, the report Global Jet Fuel Market 2021 describes the Jet Fuel industry expansion game plan, the Jet Fuel industry knowledge supply, appendix, analysis findings, and the conclusion.
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