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Aviation Fuel Market Share

Report ID: GMI4455
Published Date: Jul 2024
Report Format: PDF

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Aviation Fuel Market Share

Aviation Fuel Market Company Share, (2023)

In the aviation fuel industry, several key players play crucial roles in supplying jet fuel to airlines worldwide. Companies like ExxonMobil, Shell, Chevron, and Total are among the major global suppliers, leveraging extensive refining capabilities and distribution networks to ensure consistent supply and quality. These giants often operate across multiple regions, providing reliable jet fuel solutions that meet stringent industry standards for safety and performance. They invest heavily in research and development to innovate in fuel efficiency and environmental sustainability, aiming to reduce carbon emissions and enhance operational efficiency for their aviation clients.

Regionally, companies like Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited (BPCL) are significant players in Asia, catering to the growing demand from airlines in the region. Their strategic locations and strong partnerships with airlines and airports enable them to maintain a competitive edge. Meanwhile, companies such as China Aviation Oil play pivotal roles in the Asian market, focusing on efficient distribution and storage solutions to support the rapid expansion of aviation infrastructure across the region. Together, these players ensure a robust supply chain that supports the global aviation industry's dynamic needs while adhering to stringent regulatory requirements and sustainability goals.

Aviation Fuel Market Companies

Top companies operating in the industry include:

Bharat Petroleum Corporation Limited (BPCL)
BP p.l.c.
Chevron
China Aviation Oil
ExxonMobil
Gazprom
HPCL
Indian Oil Corporation Limited
Mercury Air Group
Reliance Petroleum
Shell
Total
Virent, Inc.
Vitol
World Fuel Services

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Industry size for aviation fuel was worth USD 220.1 billion in 2023 and will grow at 7.1% CAGR between 2024 and 2032 due to the rising demand for air travel, both for passenger and cargo transportation.

Aviation fuel industry from the commercial aircraft segment recorded 47.1% share in 2023, driven by the exponential growth in global passenger and cargo air traffic, increasing disposable incomes and the rise of low-cost carriers.

North America industry will register 6.1% CAGR through 2032, attributed to robust domestic markets, encompassing passenger and freight airlines, as well as international routes linking vast regions globally.

Major companies operating in the industry are Bharat Petroleum Corporation Limited (BPCL), BP p.l.c., Chevron, China Aviation Oil, ExxonMobil, Gazprom, HPCL, Indian Oil Corporation Limited, Mercury Air Group, Reliance Petroleum, Shell, Vitol, and World Fuel Services, among others.