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2021
Jet Kerosene Market

Jet Kerosene Market by Product Type (Jet A, Jet A-1, Jet B, and Others), Application (Vehicle Transportation, Hydraulic Fuel, and Others), and Industry Vertical (Civil Aviation, Military Aviation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A12877
Pages: NA
Oct 2021 | 162 Views
   
Author(s) : Eswara Prasad
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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 The substantial expansion in the airline sector is projected to fuel the growth of the global jet kerosene market in the future years, supported by new technical breakthroughs and escalating investments.

The majority of jet kerosene is used to power aircraft. It is usually of greater quality than the gasoline used in applications such as heating and vehicle transportation. It is thought to be the highest-quality fuel with the best combination of attributes. The two most essential factors that determine the performance of jet kerosene are air content and combustion quality. Non-corrosivity, cleanliness, fluidity, volatility, stability, and lubricity are some of the other notable characteristics of jet kerosene. Jet kerosene can also be used as a hydraulic fuel in engine control systems as a coolant for a variety of fuel system components.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD) and Volume (Kilo Tons)

  Segments Covered

  Type, Application, Industry Vertical, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Oil Corporation Ltd., Qatar Jet Fuel Co., Valero Marketing and Supply Co., Allied Aviation Services Inc., Bharat Petroleum, Propel Holdings Ltd, Trans Oil, Air BP, Chevron, Exxon Mobil, Shell.

 

COVID-19 Impact analysis

  • Due to the COVID-19 outbreak, oil & gas consumption has decreased as a result of the lockdown in various countries, which has led in the complete suspension of travel, tourism, and e-commerce, reducing the use of jet kerosene.
  • The outbreak of COVID-19 caused a drop in demand for fuel in numerous businesses, putting a halt to the use of Jet Kerosene at the time. The global economic slowdown and suspension of international air travel have had a severe influence on the jet kerosene sector.

Top Impacting Factors

Air traffic is anticipated to increase considerably in the near future, as consumers' travel tastes have begun to shift toward airlines as a result of socio-economic growth and rise in disposable income. As a result, the frequency of airplanes is likely to surge, and the demand for jet kerosene is expected to increase as well in the coming years. Furthermore, expansion in airline liberalization is expected to surge the demand for jet kerosene in the long run, ensuring increased connection services. The global aviation industry is anticipated to experience growth in GDP, development, and productivity, as well as greater aviation connectivity, resulting in high demand for jet kerosene around the world. However, increased airline rivalry is projected to result in competitive service pricing, which is expected to limit the growth of the global jet kerosene (fuel) market.

Market Trends

  • Qatar Petroleum (QP) and Qatar Fuel (WOQOD) have signed a Jet Fuel Product Sale & Purchase Agreement, which includes the contracting terms and conditions, as well as the product pricing mechanism for all stakeholders.
  • Bharat Petroleum Corporation Limited (BPCL), India's second largest oil marketing firm, has bought a 36.6 percent share in the Bharat Oman Refinery Ltd from its partner OQ, Oman's national oil corporation (BORL). With the purchase of OQ's entire investment in BORL, BPCL has taken control of the company.
  • Air BP has acquired the aviation fuel business of Statoil Fuel & Retail Aviation AS (SFR Aviation) from Alimentation Couche-Tard Inc. in Canada. Air BP's 600-strong worldwide fuels network has gained roughly 73 more airports in the Nordic nations and Northern Europe as a result of the purchase.
  • Noble Energy, Inc. was bought by Chevron Corporation. Noble's high-quality assets are projected to complement Chevron's competitive upstream portfolio, resulting in significant financial gains.

Key Segments Covered

Segment

Sub-segment

  Product Type

  • Jet A
  • Jet A-1
  • Jet B

  Application

  • Vehicle Transportation
  • Hydraulic Fuel
  • Others

  Industry Vertical

  • Civil Aviation
  • Military Aviation
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the jet kerosene industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Jet kerosene market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the jet kerosene market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Jet kerosene market analysis based on competitive intensity and how the competition will take shape in coming years 
 
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