Global Aviation Fuel Market 2018-2023: Market Highly Affected by Increasing Number of Passengers & Fluctuations in Oil and Gas Prices - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Global Aviation Fuel Market Share, Size, Analysis - Segmented by Fuel Type, End-User Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The market for aviation fuel is highly effected by the increasing number of air passengers worldwide and fluctuations in oil and gas prices. The demand is majorly driven in response to the air traffic and aircraft fleet in both commercial and military applications in emerging economies such as China and India. Increasing demand for air cargo transportation in terms of volume and freight traffic is one of the drivers of aviation fuel market.
Demand for aviation 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 aviation fuel, which has been one of the strongest performers among transportation fuels in recent years. Expanding middle class in emerging countries, diverging demographic outlooks, and liberalization of aviation markets are some of the major factors to be considered for the increase in air passengers count every year. According to the International Air Transport Association (IATA), around 7.8 billion passengers are expected to travel by 2036, which is almost double the number in 2017.
Key Topics Covered:
2. Executive Summary
3. Aviation Fuel Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
6. Regional Market Analysis (Market Size and Demand Forecast until 2023)
7. Aviation Fuel Market Competitive Landscape
8. Aviation Fuel Market Key Company AnalysisExxon Mobil Corporation Qatar Jet Fuel Company Bharat Petroleum Corp Ltd BP p.l.c Chevron Corporation Royal Dutch Shell Plc Total SA Allied Aviation Services Inc. Valero Marketing and Supply Gazprom Neft PJSC
For more information about this report visit https://www.researchandmarkets.com/research/4q2dsv/global_aviation?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005454/en/
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Related Topics:Commercial Aerospace,Gasoline and Diesel
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
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PUB: 10/02/2018 05:59 AM/DISC: 10/02/2018 05:58 AM