What Is The Current and Historic Market Size Analysis Of The Aviation Gasoline Market?
The aviation gasoline market has seen considerable growth due to a variety of factors.
• In recent years, the market size of aviation gasoline has been progressively expanding. It's projected to escalate from $1.96 billion in 2024 to $2.05 billion in 2025, characterized by a compound annual growth rate (CAGR) of 4.6%. The historic period's growth can be linked to the surge in civilian aviation post-war, the emergence of commercial aviation, the formation of aviation regulations, and advancements in aircraft technology, in addition to demands arising from World War I and II.
What are the Market Size and Expected Growth Rates for the Aviation Gasoline Market?
The Aviation Gasoline market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience consistent expansion in the coming years, the aviation gasoline market is projected to reach $2.48 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.8%.
The expected growth during the forecast period can be credited to the rise of electric aviation, advancements in fuel efficiency, worldwide economic growth, regulatory alterations, and emission standards, along with a shift towards alternative fuels. Key trends for the forecast period encompass biodegradable fuel, changes in aircraft fleet mixture, adapting regulatory standards, product evolution, and a move towards sustainable fuels.
Which Key Drivers Are Propelling The Aviation Gasoline Market's Growth?
The surge in demand for small aircraft is set to boost the aviation gasoline market's expansion further. Small aircraft is a term given to those airplanes that have been designed with a maximum seating capacity for 60 people or a weight allowance of up to 18,000 pounds. Aviation gasoline is generally used in the piston engines of small private and sports planes that require high-octane, leaded fuel. To illustrate, as of December 2023, there were more than 30,000 small aircraft operational globally, with over 10,000 of these being over two decades old. The yearly maintenance cost for such an aircraft averages around $1 million, escalating as the aircraft ages. The requirement for new planes will encompass about 29,700 small aircraft, including models like the A220 and A320 families, and around 5,300 medium aircraft. Hence, the rising demand for small aircraft is propelling the aviation gasoline market's growth.
What Are The Key Segments Within The Global Aviation Gasoline Market?
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 Are New Trends Impacting The Size Of The Aviation Gasoline Market?
The rising trend in the aviation gasoline market is the shift towards eco-friendly and bio-based fuel alternatives. Companies operating in this market are focusing on creating innovative product solutions to enhance their standing. An example of this occurred in March 2022 when the Chevron Renewable Energy Group, a US bio-based diesel producer, introduced a new fuel line of branded products called EnDura Fuels. The range of EnDura Fuels includes five bio-based diesel fuels, with PuriDTM being a notable next-generation biodiesel from the Chevron Renewable Energy Group. PuriDTM surpasses industry quality standards, enabling consumers to integrate fuels into renewable diesel at nearly any ratio and use higher biodiesel blends with petroleum diesel.
Who Are the Key Players In The Aviation Gasoline Market?
Major companies operating in the aviation gasoline market include:
• 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
What Are The Regional Insights Into 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.
