Market Size of Middle East And Africa Commercial Aircraft Aviation Fuel Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 30.56 Billion metric tons |
| Market Volume (2029) | 40.52 Billion metric tons |
| CAGR (2024 - 2029) | > 5.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Commercial Aircraft Aviation Fuel Market Analysis
The Middle-East And Africa Commercial Aircraft Aviation Fuel Market size is estimated at 30.56 Billion metric tons in 2024, and is expected to reach 40.52 Billion metric tons by 2029, growing at a CAGR of greater than 5.80% during the forecast period (2024-2029).
- Over the medium term, the increasing airline fleets coupled with economic development in the region are expected to drive the market during the forecasted period.
- On the other hand, global oil price volatility is expected to hinder the market's growth during the forecasted period.
- Nevertheless, the introduction of sustainable aviation fuels like biofuels is expected to create huge opportunities for the Middle-East and African commercial aircraft aviation fuel markets.
- Saudi Arabia is expected to be a dominant region for the market due to the country's increasing economic development and increasing tourism.
MEA Commercial Aircraft Aviation Fuel Industry Segmentation
Commercial aircraft aviation fuel, often simply referred to as aviation fuel, is a specialized type of fuel used to power aircraft, particularly those engaged in commercial air travel. It is a highly refined petroleum-based fuel that is specifically formulated to meet the requirements and demands of aircraft engines. Aviation fuel is a crucial component for the safe and efficient operation of commercial airplanes.
The market is segmented by fuel type and geography. By fuel type, the market is segmented into air turbine fuel, aviation biofuel, and AVGAS, and by geography, the market is segmented into Saudi Arabia, United Arab Emirates, Qatar, South Africa, Egypt, and the rest of the Middle East and Africa. The report offers the market size and forecasts for the Middle East and Africa Commercial Aircraft Aviation Fuel Market in volume for all the above segments.
| Fuel Type | |
| Air Turbine Fuel (ATF) | |
| Aviation Biofuel | |
| AVGAS |
| Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) | |
| The United Arab Emirates | |
| Saudi Arabia | |
| Qatar | |
| Egypt | |
| South Africa | |
| Rest of the Middle-East and Africa |
Middle East And Africa Commercial Aircraft Aviation Fuel Market Size Summary
The Middle-East and Africa commercial aircraft aviation fuel market is poised for significant growth over the forecast period, driven by the expansion of airline fleets and economic development in the region. However, the market faces challenges due to global oil price volatility. Despite these challenges, the introduction of sustainable aviation fuels, such as biofuels, presents substantial opportunities. The region's commitment to environmental sustainability aligns with the potential of biofuels to reduce greenhouse gas emissions, leveraging abundant local biomass resources for production. This strategic alignment promotes the viability of biofuels as a renewable energy solution for aviation, supported by global partnerships and research initiatives that enhance biofuel adoption and production scale-up.
Saudi Arabia is expected to dominate the market, bolstered by its strategic geographical location as a global aviation hub and its expanding network of world-class airports. The nation's commitment to diversifying its energy landscape and investing in renewable energy aligns with the potential of aviation biofuel production. Saudi Arabia's Vision 2030 further amplifies its prominence, integrating innovative aviation solutions to enhance its global standing. The country's efforts to attract high-net-worth individuals through sports infrastructure expansion are anticipated to drive increased airplane traffic, further boosting demand for aviation fuel. The market is moderately fragmented, with key players like Emirates National Oil Company, Chevron Corporation, and Shell PLC actively participating in the development of sustainable aviation fuel markets in the region.
Middle East And Africa 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 metric ton, till 2029
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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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1.5.1.1 Expanding Airline Fleet
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1.5.1.2 Economic Development
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1.5.2 Restraints
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1.5.2.1 Volatility in Oil Price
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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 Substitute 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 AVGAS
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2.2 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
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2.2.1 The United Arab Emirates
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2.2.2 Saudi Arabia
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2.2.3 Qatar
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2.2.4 Egypt
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2.2.5 South Africa
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2.2.6 Rest of the Middle-East and Africa
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Middle East And Africa Commercial Aircraft Aviation Fuel Market Size FAQs
How big is the Middle East And Africa Commercial Aircraft Aviation Fuel Market?
The Middle East And Africa Commercial Aircraft Aviation Fuel Market size is expected to reach 30.56 billion metric tons in 2024 and grow at a CAGR of greater than 5.80% to reach 40.52 billion metric tons by 2029.
What is the current Middle East And Africa Commercial Aircraft Aviation Fuel Market size?
In 2024, the Middle East And Africa Commercial Aircraft Aviation Fuel Market size is expected to reach 30.56 billion metric tons.
