Market Size of Asia-Pacific Commercial Aircraft Aviation Fuel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 17.68 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Commercial Aircraft Aviation Fuel Market Analysis
The market for commercial aircraft aviation fuel in Asia-Pacific is expected to grow at a CAGR of approximately 17.68% during the forecast period of 2020 - 2025. Commercial aviation includes scheduled and non-scheduled aircraft, which include commercial air transportation of passengers or cargo. Factors such as the increasing number of air passengers and aircraft fleet across the world, especially in the Asia-Pacific region are expected to drive the market during the forecast period. However, the COVID-19 pandemic, which originated in China, has had a severe impact on the commercial aviation industry in the region, in turn, restraining the market growth.
- Air turbine fuel (ATF) type is expected to dominate the market during the forecast period, owing to the large fleet size and ongoing developments like non-volatile particulate matter (nvPM) or black carbon emissions.
- Increasing concerns over emissions from the airline industry and initiatives taken by the government in developed economies to reduce airline emissions are expected to provide significant opportunities for aviation fuel in the coming years.
- China is expected to be the largest market during the forecast period, owing to the increase in low cost carrier fleet and growth in the manufacturing sector correlated to a growth in air cargo volumes.
APAC Commercial Aircraft Aviation Fuel Industry Segmentation
The Asia-Pacific commercial aircraft aviation fuel market report includes:
| Fuel Type | |
| Air Turbine Fuel (ATF) | |
| Aviation Biofuel | |
| Others |
| Geography | |
| China | |
| Japan | |
| India | |
| Rest of Asia-Pacific |
Asia-Pacific Commercial Aircraft Aviation Fuel Market Size Summary
The Asia-Pacific commercial aircraft aviation fuel market is poised for significant growth, driven by the increasing number of air passengers and the expanding aircraft fleet in the region. Despite the challenges posed by the COVID-19 pandemic, which severely impacted the commercial aviation industry, the market is expected to recover and expand. The dominance of air turbine fuel (ATF) is anticipated due to its widespread use and ongoing developments aimed at reducing emissions. Governments in developed economies are taking initiatives to curb airline emissions, creating opportunities for the aviation fuel sector. China is projected to be the largest market, fueled by the growth of low-cost carriers and the manufacturing sector, which is closely linked to rising air cargo volumes.
The market landscape is characterized by the prevalence of Jet A1 fuel, a kerosene-based jet fuel, which is expected to maintain its dominance in consumption. The development of algorithms to predict non-volatile particulate matter emissions is likely to boost the demand for Jet A fuel. The Asia-Pacific region's aviation fuel market is moderately fragmented, with major players such as Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell PLC, Total SA, and BP PLC. The robust growth in air traffic, particularly in China and India, underscores the potential for market expansion, as evidenced by the increasing demand for jet fuel in these countries.
Asia-Pacific Commercial Aircraft Aviation Fuel Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Air Turbine Fuel (ATF)
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2.1.2 Aviation Biofuel
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2.1.3 Others
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2.2 Geography
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2.2.1 China
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2.2.2 Japan
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2.2.3 India
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2.2.4 Rest of Asia-Pacific
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Asia-Pacific Commercial Aircraft Aviation Fuel Market Size FAQs
What is the current Asia-Pacific Commercial Aircraft Aviation Fuel Market size?
The Asia-Pacific Commercial Aircraft Aviation Fuel Market is projected to register a CAGR of greater than 17.68% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Commercial Aircraft Aviation Fuel Market?
Exxon Mobil Corporation, Chevron Corporation , Royal Dutch Shell PLC, Total SA and BP PLC are the major companies operating in the Asia-Pacific Commercial Aircraft Aviation Fuel Market.
