The global aviation gasoline market revenue was around US$ 13 billion in 2022 and is estimated to reach US$ 18 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2023 to 2031.
Aviation gasoline is often referred to as Avgas. It is a specialized kind of fuel utilized mainly in piston-engine aircraft. Avgas is specially formulated to fulfill the unique needs of aviation engines, ensuring reliability, optimal performance, and security during flight operations. Avgas contains different additives and higher-octane levels to prevent detonation and maintain engine efficiency at high speeds and altitudes.
Market Driving Factors
Surging demand for small aircraft in sports-based activities drives the market expansion. This is mainly owing to the increasing demand for light aircraft for photography, sightseeing, tourism, and other purposes. Furthermore, air rallies, aerobatics, air racing, aeromodelling, ballooning, gliders, and other sports activities have significantly increased piston-based aircraft sales.
Increasing concentration on advanced aircraft design is estimated to boost the market expansion. Aircraft design has obtained safer, cheaper, greener, faster, and improved fuel-burning efficiency, resulting in augmented demand for aviation fuel. In addition, piston-based aircraft utilizing leaded aviation gasoline contributes to air pollution, threatening human health and welfare. As a result, the aviation industry has done a lot of research to assist lower fuel consumption by creating lightweight engines and hybrid-electric engines.
Increasing preference for electric and hybrid aircraft will limit market expansion.
Regional Analysis
North America dominates the market in terms of the growth rate. This is due to the existence of strong key players in the aviation gasoline industry and developed nations contribute largely to the strong growth. Furthermore, massive investments in R&D of several grades of fuel also propel the market growth in the region.
Segmentation Insights
Grade Type Insight
The avgas 100 (Green) segment dominates the market in terms of the largest share. Avgas 100 is a gasoline specially created for piston engine aircraft. It is a product combined with tetraethyl lead in an increased amount in the refineries. This kind of fuel is prohibited in most of the developed nations due to a surge in health consciousness. This kind of fuel has a high percentage of tetraethyl leading to a surge in the passenger's safety during air traveling.
Aircraft Type Insight
The fixed-wing aircraft segment dominates the market in terms of the largest share. Fixed-wing aircraft utilize pistons and turbine engines for their operation. Aviation gasoline is mainly used in piston turbine engines, making fixed-wing aircraft. Furthermore, fixed-wing aircraft cover long distances and are heavy. Gasoline is the perfect fuel type instead of electric or hybrid fuels to lift such heavy aircraft carriers and carry them at lengthy distances.
Application Insight
The private segment dominates the market in terms of growth rate. This is due to the surge in the number of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs) in emerging economies and an increasing desire for individuals preferring private aircraft to shorten their trip time.
The civil segment dominates the market in terms of revenue. Civil aviation includes private and general aviation. General aviation consists of commercial airlines, while private consists of business aircraft. Commercial airlines are broadly utilized to haul passengers and freight from one airport to another. They vary in size and engine kinds. There are double-piston, single-piston, and turboprop engine-based aircraft.
Prominent Companies
Segmentation Outline
The global aviation gasoline market segmentation focuses on the Grade Type, Aircraft Type, Application, and Region.
By Grade Type
By Aircraft Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL AVIATION GASOLINE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AVIATION GASOLINE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AVIATION GASOLINE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AVIATION GASOLINE MARKET, BY GRADE TYPE
5.1 OVERVIEW
5.2 AVGAS 100 (GREEN)
5.3 AVGAS 100LL (BLUE)
5.4 OTHERS
6 GLOBAL AVIATION GASOLINE MARKET, BY AIRCRAFT TYPE
6.1 OVERVIEW
6.2 FIXED WINGS
6.3 ROTORCRAFT
6.4 OTHERS
7 GLOBAL AVIATION GASOLINE MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 CIVIL
7.2.1 PRIVATE
7.2.2 GENERAL AVIATION
7.3 MILITARY
7.4 SPORTS AND RECREATIONAL
7.5 OTHERS
8 GLOBAL AVIATION GASOLINE MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL AVIATION GASOLINE MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 EXXON MOBIL CORPORATION
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 INDIAN OIL CORPORATION LIMITED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 CHEVRON CORPORATION
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 GAZPROM
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 SINOPEC CORP
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 SASOL LIMITED
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 BP PLC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 REPSOL
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 NAFTAL
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 OMAN OIL CORPORATION SAOC
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 HJELMCO OIL AB
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 SHELL PLC
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 PHILLIPS 66
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 VITOL GROUP
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 TOTAL S.A.
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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