The Business Research Company’s report on the Aviation Gasoline Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the aviation gasoline market further?
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 lead fuel with a high-octane rating. For example, as of December 2023, over 30,000 small aircrafts were in operation worldwide. Of these, over 10,000 were over 20 years old. The average maintenance cost for a small aircraft is $1 million per year, and the older aircraft gets, the higher such cost becomes. 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.
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What are the key factors influencing the forecasted market size of the aviation gasoline industry?
The aviation gasoline market size has grown steadily in recent years. It will grow from $1.96 billion in 2024 to $2.05 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. 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 $2.48 billion in 2029 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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Who are the leading competitors in the aviation gasoline market?
Major companies operating in the aviation gasoline market 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
Which emerging trends are set to transform the aviation gasoline market landscape?
The adoption of green and bio-based fuel solutions is the key trend gaining popularity in the aviation gasoline market. Major companies operating in the aviation gasoline market are focused on developing new product solutions to strengthen their position in the market. For instance, in March 2022, Chevron Renewable Energy Group, a US-based bio-based diesel producer, launched EnDura Fuels. It is a fuel line of branded fuel products. The EnDura Fuels portfolio includes five bio-based diesel fuels, including PuriDTM, next-generation biodiesel from Chevron Renewable Energy Group. PuriDTM exceeds industry quality standards, allowing customers to incorporate Fuels into renewable diesel at practically any level and use greater biodiesel blends with petroleum diesel.
How do different geographies compare in terms of market share and growth potential in the aviation gasoline market?
North America was the largest region in the aviation gasoline market share in 2024. 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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Which major segments of the aviation gasoline market are experiencing the fastest growth?
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
Subsegments:
1) By Avgas (Aviation Gasoline): Avgas 100LL (Low Lead), Avgas 100 (High Lead), Avgas 91 Or 96
2) By Jet Fuel: Jet A, Jet A-1, Jet B, TS-1 (Russian Jet Fuel)
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How is the aviation gasoline market defined, and what are its core characteristics?
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.
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