Overview and Scope
Aviation gasoline is a type of aviation fuel that is used to propel aircraft using reciprocating piston engines. These aviation gasoline are extremely flammable, and their octane rating is the primary crucial component for determining their ratings.
Sizing and Forecast
The aviation gasoline market size has grown steadily in recent years. It will grow from $1.89 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to post-war civilian aviation growth, rise of commercial aviation, establishment of aviation regulations, advancements in aircraft, world war i and ii demand.
The aviation gasoline market size is expected to see steady growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to emergence of electric aviation, innovations in fuel efficiency, global economic growth, regulatory changes and emissions standards, shift towards alternative fuels. Major trends in the forecast period include biodegradable fuel, shift in aircraft fleet composition, evolving regulatory standards, product innovations, transition to sustainable fuels..
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Segmentation & Regional Insights
The aviation gasoline market covered in this report is segmented –
1) By Fuel Type: Avgas, Jet Fuel
2) By Aircraft Type: Fixed Wings, Rotorcraft, Other Aircraft Types
3) By Additive Types: Deposit Control, Anti-icing, Corrosion Inhibitor, Lubricity Improver, Biocides, Antioxidants, Dyes And Makers, Other Additives
4) By End-User: Private, Commercial, Military
North America was the largest region in the aviation gasoline market share in 2023. The regions covered in the aviation gasoline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing demand for small aircraft is expected to propel the growth of the aviation gasoline market going forward. Small aircraft refers to any aircraft that was built to have a maximum seating capacity of 60 people or a maximum payload capacity of 18,000 pounds. This gasoline is typically used in the piston engines of small private planes and sports planes, which need leaded fuel with a high-octane rating. For instance, in November 2021, according to an article published by Airbus, a Netherlands-based provider of aeronautics, space, and defense-related services company, due to the retirement of older aircraft, there is a requirement for 39,000 new passenger and freighter aircraft, 15,250 of which are for replacement. The need for new aircraft will include around 29,700 small aircraft such as the A220 and A320 families, along with approximately 5,300 medium aircraft. Therefore, the growing demand for small aircraft is driving the growth of the aviation gasoline market.
Key Industry Players
Major companies operating in the aviation gasoline market report are Shell plc, British Petroleum Company plc, Indian Oil Corporation Limited, ExxonMobil Corporation, TotalEnergies SE, Repsol S.A., Hjelmco Oil Ab, Chevron Corporation, Sinopec Group, NAFTAL Branche Carburants, Sasol Limited, Petróleo Brasileiro S.A., Bryant Fuel Systems LLC, World Energy, SkyNRG, Alder Fuel, Phillips Petroleum Company, Air BP Ltd., Neste Corporation, Avfuel Corporation, World Kinect Corporation, Sunoco Inc., HF Sinclair Corporation, Valero Energy Corporation, Marathon Petroleum Corporation, PetroChina Co. Ltd., Puma Energy Holdings Pte. Ltd., QatarEnergy, China Petroleum & Chemical Corporation, Hindustan Petroleum Corporation Limited, Petroliam Nasional Berhad, Reliance Industries Limited
The aviation gasoline market report table of contents includes:
1. Executive Summary
2. Aviation Gasoline Market Characteristics
3. Aviation Gasoline Market Trends And Strategies
4. Aviation Gasoline Market – Macro Economic Scenario
5. Global Aviation Gasoline Market Size and Growth
……
31. Global Aviation Gasoline Market Competitive Benchmarking
32. Global Aviation Gasoline Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aviation Gasoline Market
34. Aviation Gasoline Market Future Outlook and Potential Analysis
35. Appendix
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