New York, According to a new market research report published by Global Insight Services “Aviation Gasoline (Avgas) Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Avgas, or aviation gasoline, is a specialized type of fuel used to power aircraft engines. It is distinct from jet fuel, which is used to power jet engines. Avgas is highly refined in order to reduce engine wear and minimize the risk of pre-ignition and engine knocking. It typically contains lead in order to improve its octane rating.
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Key Trends
Rising air passenger travel along with proliferating businesses and short-distance travel will lead to the industry growth owing to the proliferating tourism industry coupled with the rising popularity of low-cost carriers. Moreover, improving flying routes and rising disposal incomes are some of the major factors driving the business growth.
Aircraft manufacturers are also focusing on producing efficient and highly aerodynamic aircraft that are expected to cut fuel consumption considerably. Furthermore, the emergence of hybrid technologies, electric aircraft, and the continuous development of fully electric aircraft may impact the aviation fuel market over the study period.
Key Drivers
The key drivers of the aviation gasoline market are the aviation industry and the defense sector. The aviation industry is the largest consumer of aviation gasoline, accounting for about 80% of the total demand. The defense sector is the second-largest consumer, accounting for about 20% of the total demand.
The aviation industry is growing at a rapid pace, driven by the increasing demand for air travel. The defense sector is also growing, driven by the increasing need for military aircraft.
Market Segmentation
The aviation gasoline market is segmented by type, application, and region. by type, the market is divided into into aviation gasoline 100LL and aviation gasoline 8087. By application, the market is classified into into general aviation and commercial aviation. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players profiled in global sustainable aviation gasoline market includes Aemetis, Inc., Avfuel Corporation, Fulcrum Bioenergy, Gevo, Lanzatech, Neste, Preem AB, Sasol, SkyNRG, and World Energy.
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Reasons to buy Aviation Gasoline (Avgas) Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
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