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The Asia Pacific Aircraft Jet Fuel market size was valued at US$ 62.37 billion in 2024 and is projected to reach US$ 89.15 billion by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
Aircraft jet fuel is a specialized petroleum-based fuel used to power jet engines, designed to meet strict quality and performance standards for aviation safety and efficiency.
The Asia Pacific aircraft jet fuel market is experiencing strong growth, driven by expanding air travel and increasing air freight activities. China accounts for 35% of the market, followed by Japan at 20% and India at 15%. In 2023, commercial aviation consumed 80% of total production, with military aviation at 15% and general aviation at 5%. The market saw an 8% increase in demand for sustainable aviation fuel (SAF) due to growing environmental concerns. Key players include Sinopec Group (China) and Indian Oil Corporation Ltd. (India), collectively holding a 40% market share in the region. The industry is investing heavily in SAF production, with a 25% increase in biojet fuel capacity in 2023. Challenges include price volatility and the need for significant infrastructure investments, leading to a 10% focus on hedging strategies and long-term supply agreements. The trend towards fuel-efficient aircraft has somewhat offset the growth in fuel demand, with newer models achieving 15-20% better fuel efficiency. The market is benefiting from the expansion of low-cost carriers in Southeast Asia, driving a 12% increase in regional jet fuel consumption.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Aircraft Jet fuel . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Aircraft Jet fuel , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Aircraft Jet fuel , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aircraft Jet fuel . This report contains market size and forecasts of Aircraft Jet fuel in Asia Pacific, including the following market information:
We surveyed the Aircraft Jet fuel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
The report also provides analysis of leading market participants including:
FAQs: Asia Pacific Aircraft Jet Fuel Market
1. What is the market size of the Asia Pacific Aircraft Jet Fuel market in 2024?
2. What is the projected market size by 2030?
3. What is the compound annual growth rate (CAGR) during 2024–2030?
4. What drives the demand for aircraft jet fuel in Asia Pacific?
Key drivers include:
Rising air passenger traffic
Expansion of commercial airline fleets
Growing tourism and business travel
Rapid urbanization and infrastructure development
5. Which countries contribute significantly to this market?
Key Points of this Report:
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