Global Research Aviation Fuel Market Summary and Outlook (2018-202 | Page 2

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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The market is broadly categorized into two major segments based on the application type such as aviation turbine fuel
and aviation biofuel. Aviation turbine fuel segment is growing rapidly in the market with substantial revenue
generation in the last few years. Growing demand for aviation turbine fuel segment is attributed to the increasing use
of gas-turbine engines to power aircrafts. Aviation biofuel segment has also witnessed substantial growth due to the
favorable government initiatives to promote use of biofuels and rising cost of crude oils.
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Market Segment:
This report focuses on the top manufacturers' Aviation Fuel capacity, production, value, price and market share of
Aviation Fuel in global market. The following manufacturers are covered in this report:
• BP
• Chevron
• Exxon Mobil
• Gazprom
• Royal Dutch Shell
• HPCL