Aviation Fuel Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2025
“Globally, market is predicted to generate massive revenue
over next five years, providing numerous opportunities for
industry participants to invest in research and
development of aviation fuel market.”
The global aviation fuel market is expected to display higher growth rate over the next five years. Rapid surge
in market is credited to the shifting tend towards air travel, particularly in developing economies across the
globe. Increasing number of aircraft carriers and presence of large number of airline operators are expected to
drive the growth of the market over the forecast period. Globally, market is predicted to generate massive
revenue over next five years, providing numerous opportunities for industry participants to invest in research
and development of aviation fuel market.
However, rising crude oil prices coupled with growing competition in the market are key challenges for industry
growth to a certain extent. Yet, increasing adoption of bio-fuel and renewable aviation fuel is expected to foster
industry expansion in the upcoming years. In addition, rise in air traffic and aircraft fleet in both commercial and
military applications is predicted to spur the growth of aviation fuel market over the forecast period. Growing
air cargo transportation in size & volume is estimated to offer several growth prospects to industry participants
over the next seven years.
Rising freight traffic is the key market trend associated with aviation fuel industry, in the past few years.
Improved living standards coupled with rising per capita income, particularly in the BRICS economies such as
Brazil, Russia, India, China and South Africa are major contributing factors for robust market growth. Increasing
air passengers each years, diverging demographic outlooks, and liberalization of aviation markets are predicted
to stimulate industry expansion.
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