市場調查報告書
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1423639
2030 年航空燃油市場預測:按燃油類型、飛機類型、等級、最終用戶和地區進行的全球分析Aviation Fuel Market Forecasts to 2030 - Global Analysis By Fuel Type, Aircraft Type, Grade, End User and by Geography |
根據Stratistics MRC的數據,2023年全球航空燃油市場規模為2,927.7億美元,預計到2030年將達到8,274.4億美元,預測期內複合年成長率為16%。
噴射機燃料,也稱為航空燃料,是一種用於飛機的特定類型的石油基燃料。為了確保航空運作期間的最佳性能和安全性,這種高能量密度液體必須遵守嚴格的規格。噴射機燃料分為幾個等級,最常用的是 Jet A 和 Jet A-1。這些煤油基燃料旨在承受低溫和高空的惡劣條件。
據國際航空運輸協會 (IATA) 稱,航空業繼續應對燃油效率和環境永續性的挑戰。據國際航空運輸協會 (IATA) 稱,航空業繼續應對燃油效率和環境永續性的挑戰。該協會強調產業內需要協同努力和創新來解決這些問題,並表示航空燃油技術和永續實踐的進步對於塑造航空運輸的未來至關重要。我們強調我們發揮著至關重要的作用。
航空業的成長
航空燃油市場主要受到全球航空業持續成長的推動。由於經濟成長、可支配所得增加、全球化等因素,航空旅行需求激增,航空燃油消費量也隨之增加。此外,這種擴張在開發中國家尤其明顯,這些國家的航空業正在迅速擴張,並支持對噴射機燃料的穩定需求。
能源價格的不可預測性
原油價格波動對航油市場構成重大限制。由於受地緣政治事件、供應中斷和經濟不確定性影響的全球石油市場波動,航空公司和其他相關人員面臨挑戰。此外,航空公司的盈利可能會受到油價大幅上漲的影響,從而導致營運成本增加和財務不確定性。
環保航空燃料的成長
航空業對永續性的日益關注為使用永續航空燃料(SAF)提供了巨大的機會。此外,透過提高環境意識和減少碳排放的監管支持,正在為開發和使用更清潔、更環保的替代燃料創造有利的環境。
替代燃料設施不足
氫基燃料和永續航空燃料(SAF)等替代燃料順利融入航空業的過程因缺乏這些燃料的基礎設施而受到威脅。此外,替代燃料選擇的擴展可能會因生產設施、分銷網路和儲存能力不足而受到阻礙,這將減緩該行業向永續性的過渡。
COVID-19大流行對航空燃油市場產生了重大影響。這是因為 COVID-19 大流行導致了廣泛的旅行限制、禁令和航空需求急劇下降。世界各地的航空公司面臨前所未有的財務挑戰,包括飛機停飛和收益減少,導致燃油採購延遲和市場燃料過剩。此外,疫情的破壞性影響凸顯了市場在外部衝擊下的脆弱性,促使產業重新評估供應鏈彈性和應對突發危機的能力,需要整體協調。
噴射機燃料產業預計將在預測期內成為最大的產業
在航空燃料方面,噴射機燃料通常佔據最大的市場佔有率。具體而言,噴射機燃料是軍用和民航機使用的主要燃料。噴射機燃料是一種為噴射引擎製造的特定煤油基燃料,可在較寬的溫度範圍內提供穩定性和高能量密度。此外,噴射機燃料由於其廣泛的飛機相容性和嚴格遵守行業標準而佔據主導市場佔有率。
預計商業領域在預測期內複合年成長率最高。
在航空市場中,民用航空領域的複合年成長率始終最高。全球航空需求不斷成長、機持有擴大以及經濟成長正在推動民航業的擴張,包括航空公司提供的客運和貨運服務。不斷成長的中產階級人口、新興市場的興起以及對有效交通的持續需求都促進了該行業的穩定成長。此外,新航線、飛機技術的改進以及對燃油效率的日益關注都有助於民用航空的擴張。
在預測期內,歐洲地區的市場佔有率最高。強大的航空公司、重要的國際機場以及密集的國內和國際航班網路都支撐著歐洲的航空業。由於總部位於歐洲的主要航空服務公司和飛機製造公司的存在,歐洲佔據了很大的市場佔有率。此外,法律規範、技術進步和對綠色航空的承諾進一步凸顯了歐洲作為全球航空市場關鍵參與者的角色。
市場複合年成長率最高的是亞太地區。快速的都市化、不斷壯大的中產階級以及中國和印度等新興經濟體對航空需求的不斷成長是推動這一成長的部分因素。亞太地區越來越關注航空基礎設施、航空公司機隊擴張和機場設施現代化的重大投資。此外,由於該地區在全球貿易和商業中的戰略重要性,航空業正在快速成長。
According to Stratistics MRC, the Global Aviation Fuel Market is accounted for $292.77 billion in 2023 and is expected to reach $827.44 billion by 2030 growing at a CAGR of 16% during the forecast period. Jet fuel, also referred to as aviation fuel, is a particular kind of petroleum-based fuel intended for use in aircraft. To guarantee the best possible performance and safety during aviation operations, this high-energy-density liquid is subjected to strict specifications. Jet fuel is categorized into several grades, the most commonly used being Jet A and Jet A-1 on a worldwide scale. These fuels, which are based on kerosene, are designed to endure the harsh circumstances that arise at low temperatures and high altitudes
According to the International Air Transport Association (IATA), the aviation industry continues to grapple with challenges related to fuel efficiency and environmental sustainability. The association emphasizes the need for collaborative efforts and innovation within the industry to address these concerns, highlighting the pivotal role of advancements in aviation fuel technologies and sustainable practices in shaping the future of air transportation.
Growth of the aviation industry
The aviation fuel market is primarily driven by the ongoing growth of the global aviation industry. Due to factors like economic growth, rising disposable income, and globalization, there is a surge in demand for air travel, which leads to a proportionate increase in the consumption of aviation fuel. Additionally, this expansion is especially noticeable in developing nations, where the aviation industry is expanding quickly and supporting a steady demand for jet fuel.
Unpredictability in energy prices
The volatility of oil prices poses a major constraint on the aviation fuel market. Airlines and other industry stakeholders face difficulties as a result of fluctuations in the world oil markets, which are impacted by geopolitical events, disruptions in supply, and economic uncertainty. Furthermore, the profitability of aviation companies may be impacted by sudden increases in oil prices, which can also result in higher operational costs and financial uncertainty.
Growth of eco-friendly aviation fuels
The aviation industry's growing focus on sustainability offers a substantial chance for the use of sustainable aviation fuels (SAFs). Moreover, an environment that is conducive to the development and use of cleaner and greener alternative fuels is created by rising environmental consciousness and regulatory support for lowering carbon emissions.
Inadequate facilities for alternative fuels
The smooth integration of alternative fuels, like hydrogen-based fuels or sustainable aviation fuels (SAFs), into the aviation industry is threatened by the lack of infrastructure for these fuels. Furthermore, the expansion of alternative fuel options may be hampered by inadequate production facilities, distribution networks, and storage capacities, which would slow down the industry's transition to sustainability.
The COVID-19 pandemic had a major effect on the aviation fuel market because it resulted in widespread travel restrictions, lockdowns, and a sharp decline in demand for air travel. Airlines around the world encountered previously unheard-of financial difficulties, including grounded fleets and decreased revenues, which led to postponed fuel purchases and an excess of fuel in the market. Additionally, the market's susceptibility to external shocks was highlighted by the pandemic's disruptive effects, which led to a re-evaluation of supply chain resilience and the requirement for industry-wide adjustments to handle unforeseen crises.
The Jet fuel segment is expected to be the largest during the forecast period
When it comes to aviation fuel, jet fuel usually has the largest market share. Specifically, jet fuel is the main fuel used in military and commercial aircraft. It is a specific kerosene-based fuel made for jet engines that provides stability and high energy density over a broad temperature range. Moreover, due to its wide range of aircraft compatibility and strict adherence to industry standards, jet fuel has a dominant market share.
The Commercial segment is expected to have the highest CAGR during the forecast period
In the aviation market, the commercial aviation segment has consistently demonstrated the highest CAGR. The demand for air travel worldwide is rising, airline fleets are getting bigger, and economic growth is driving the expansion of the commercial aviation sector, which includes the passenger and cargo services offered by airlines. Growing middle-class populations, the emergence of emerging markets, and the ongoing demand for effective transportation all contribute to the sector's steady growth. Additionally, new routes, improved aircraft technology, and a growing emphasis on fuel economy all contribute to the expansion of commercial aviation.
The Europe region had the largest market share during the forecast period. Strong airline companies, significant international airports, and a dense network of domestic and international flights all support the European aviation industry. Europe has a significant market share due to the presence of major aviation services and aircraft manufacturing companies with their headquarters there. Furthermore, regulatory structures, technological advancements, and a commitment to environmentally friendly aviation further define Europe's role as a major player in the world aviation market.
The market's highest CAGR has frequently been seen in the Asia-Pacific region. Rapid urbanization, the expansion of the middle class, and the rising demand for air travel in emerging economies like China and India are some of the factors driving this growth. Significant investments in aviation infrastructure, airline fleet expansion, and an increasing emphasis on modernizing airport facilities have all occurred in the Asia-Pacific region. Additionally, the aviation industry has grown rapidly due to the region's strategic importance in world trade and commerce.
Key players in the market
Some of the key players in Aviation Fuel market include Emirates National Oil Company, Chevron Corporation, Marathon Petroleum Corporation, Abu Dhabi National Oil Company, Essar Oil Limited, Allied Aviation Services Inc, Exxon Mobil Corporation, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, World Fuel Services Corporation, British Petroleum Fuel, Royal Dutch Shell plc, China Aviation Oil Corporation Ltd, Viva Energy Group, TotalEnergies SE and Valero Energy Corporation.
In December 2023, Marathon Petroleum Corporation MPC, a leading downstream energy company, secured a two-year time charter contract with Performance Shipping Inc., a prominent oil shipping company. The deal involves Performance Shipping's M/T P. Long Beach tanker transporting refined products for MPC at a rate of $37,200 per day, generating approximately $25.7 million in gross revenue for the former.
In October 2023, Chevron Corporation announced today that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron's closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion.
In October 2023, Abu Dhabi National Oil Co. announced it has taken a final investment decision and awarded the build contracts for a gas project expected to produce over 1.5 billion cubic feet per day at home. The state-owned energy giant touted the Hail and Ghasha Offshore Development project in the Emirati capital as the world's first gas production project to have net-zero emissions.