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Aviation Gasoline (Avgas) Market size estimated to hit $18.8 billion by 2031 | Grow at a CAGR of 4.2%

Aviation Gasoline (Avgas) Market

Aviation Gasoline (Avgas) Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

Aviation Gasoline (Avgas) Market to Witness Skyrocketing Growth due to rise in air transportation has been experienced through air travel mode.”

— Allied Market Research

WILMINGTON, DELAWARE, UNITED STATES, September 25, 2023 /EINPresswire.com/ —

Allied Market Research published a report on the Aviation Gasoline (Avgas) Market by Grade Type (Avgas 100 (Green), Avgas 100LL (Blue), Others), by Aircraft Type (Fixed Wings, Rotorcraft, Others), by Application (Civil, Military, Sports and Recreational, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The aviation gasoline (avgas) market size was valued at $12.5 billion in 2021, and aviation gasoline (avgas) industry is estimated to reach $18.8 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

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The demand from military sector for efficient and low cost military grade fuel has increased as all the nations are increasing their military strength. Owing to increased disposable income and boom in tourism industry, rise in air transportation has been experienced through air travel mode, which further drives the aviation gasoline market opportunities.

North America aviation gasoline (avgas) market is anticipated to exhibit CAGR of 13.2% during 2022-2031.

Aviation gasoline is primarily used by most of the military aircrafts and commercial airlines to maximize fuel efficiency and to lower the operational cost. Aircraft industry has expanding, which has increased the competition among aircraft aviation gasoline production in all sectors.

As per global aviation gasoline market analysis, by grade type, the Avgas 100 segment accounted for the largest share in 2021.

By aircraft type, fixed wings aviation gasoline was the leading segment in 2021.

By application, civil segment was the highest revenue contributor in 2021.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

ExxonMobil Corporation

Shell plc

BP plc

TotalEnergies SE

Repsol S.A.

Vitol Group

Phillips 66

Indian Oil Corporation Limited


Hjelmco Oil AB

Chevron Corporation

Oman Oil Corporation SAOC

Sinopec Corp


Sasol Limited

Get Customized Reports with you’re Requirements: https://www.alliedmarketresearch.com/request-for-customization/17506

Introduction of new flight routes and investments from government for construction of new airports also boosts the growth of aviation gasoline market trends.

Fluctuations in crude oil prices and rise in concerns over high level of carbon emissions leading to strict rules & regulations hamper the market growth.

Emerging sustainable aviation gasoline (SAF) that is produced from typical feedstock such as cooking oil and other non-palm waste oils from animals or plants, solid waste from homes and businesses, such as packaging, paper, textiles, and food scraps hamper the aviation gasoline market growth.

The aviation gasoline market share was dominated by North America in 2021 while, Asia-Pacific is expected to grow at higher CAGR owing to high demand from emerging economies in the region.

Impact of COVID-19 on Global Aviation Gasoline (Avgas) Market:

COVID-19 pandemic has triggered a full-fledged crisis in 2020, with travel restrictions and aircraft cancellations imposed to stem the virus’s spread. As a result, demand for aviation turbine fuel and aviation gas has declined drastically. During the peak time of the pandemic, several flights have witnessed a reduction in operations due to the coronavirus outbreak. The majority of countries around the world are gradually opening up their market.

The price of aviation gasoline is directly dependent on the crude oil prices. The demand for crude oil is deficient due to pandemic and the price of crude oil is relatively low; hence, having a negative impact on aviation gasoline cost. As demand for these products began to rise, prices for jet fuel and aviation gasoline (Avgas) market have been normalized.

Buy This Report (371 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/414d1MB

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aviation gasoline (avgas) market analysis from 2021 to 2031 to identify the prevailing aviation gasoline (avgas) market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the aviation gasoline (avgas) market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global aviation gasoline (avgas) market trends, key players, market segments, application areas, and market growth strategies.

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Jet Fuel Market by Fuel Grade (Jet A, Jet A1, Jet B, TS-1), by Application (Commercial, Defense, General Avaition, Private): Global Opportunity Analysis and Industry Forecast, 2021-2031

Bunker Fuel Market by Type (High Sulfur Fuel Oil, Low Sulfur Fuel Oil, Marine Gasoil, Others), by Commercial Distributor (Oil Majors, Large Independent Distributor, Small Independent Distributor), by Application (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing Vessels, Gas Tanker, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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