Market Summary: The Global Aviation Kerosene Market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 5.3% during the forecast period, aiming to reach a valuation of USD 450 billion by 2026. This comprehensive report on the aviation kerosene market highlights crucial factors such as size, share, demand, growth, gross profits, earnings, and revenue, providing insights into the industry's future prospects. It analyzes data from 2016 and 2017 to present a comprehensive view of trends and predicts the industry's potential growth from 2019 to 2026, with 2018 serving as the base year.

Aviation kerosene, also known as jet fuel, is a clear to straw-colored fuel based on either unleaded kerosene (Jet A-1) or a Naphtha kerosene blend (Jet B). It can be used in compression ignition engines or turbine engines, similar to diesel. Jet A, which burns at temperatures at or above 49°C (120°F), powers most commercial airliners. This type of fuel has a higher flash point compared to gasoline, requiring a higher temperature for ignition. It is regarded as a high-quality fuel; however, if it fails purity tests or other criteria, it is then distributed for ground-based users, such as railroad engines.

The growth of the airline market has been driven by decreasing travel costs, leading to increased passenger traffic over the years. The presence of numerous low-cost carriers (LCC) worldwide and growing demand for air cargo transportation also contribute to the growth of the airline industry, consequently driving the aviation kerosene market. However, the development of cheaper sustainable aviation fuels (SAF) may impede market growth in the future. The European Commission (EC) is already promoting the adoption of biofuels in the aviation industry to reduce the carbon footprint. Additionally, strict emission regulations and the rising trend of piston engine aircraft deliveries may increase the demand for aviation gasoline (AVGAS), potentially hindering the growth of the aviation kerosene market during the forecast period.

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Key Findings: The global aviation kerosene market has been segmented by fuel type into Jet A & Jet A1, Jet B, and by application into Commercial, Defense, General Aviation, and others. The commercial segment holds a significant share in the aviation kerosene market. In 2018, the number of passengers carried by air transport on scheduled services rose by 6.9% compared to the previous year. Approximately 38 million departures occurred globally, and world passenger traffic, measured as total scheduled revenue passenger-kilometers (RPKs), grew by 6.7%, reaching about 8.2 trillion RPKs in 2018. Air transport accounted for over half of the world's 1.4 billion international tourists in 2018.

Global Aviation Kerosene Market Overview: The Asia Pacific region is expected to dominate the global aviation kerosene market in the coming years due to its substantial consumption of aviation kerosene. Asia-Pacific, with 42% of the world's traffic share in 2018, has been experiencing double-digit growth at 10.4%, driven by strong demand in India and China, fueled by increasing GDP per capita and expanding domestic air connectivity. Other regions covered in this report include North America, Europe, the Middle East and Africa, and Latin America.

Key Players in the Global Aviation Kerosene Market: Prominent players accounting for a significant share in the global aviation kerosene market include BP p.l.c, ExxonMobil Corporation, Royal Dutch Shell, Total S.A., Qatar Jet Fuel Company, Bharat Petroleum, Chevron Corporation, Allied Aviation Services, Valero Marketing and Supply, and Gazprom Neft. The competitive analysis offers insights into the companies' individual standings against the global landscape. The forecast also predicts the expected demand trends and their impact on the businesses.

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