Summary
Aviation Gasoline (Avgas) Market Research Report Information by Grade Type (Avgas 100 (Green), Avgas 100LLL (Blue), and Others), By Aircraft Type (Fixed Wings, Rotorcraft, and Others), By Application (Civil, Military, Sports & Recreational, and Others), and By Region Global Forecast to 2030
Overview of the Market
In 2022, the aviation gasoline (Avgas) market was estimated to be worth USD 13,449.30 million. According to projections, the Aviation Gasoline (Avgas) Market industry will expand at a compound annual growth rate (CAGR) of 3.86% from 2023 to 2030, from USD 13,757.29 million to USD 18,207.22 million.
Avgas, also referred to as aviation gasoline, is a specialty fuel used in piston-engine aircraft, usually light and small general aviation aircraft. Jet Fuel, which is utilized in jet engines, is not the same as this. Because piston engines run at lower speeds and compression ratios than jet engines, Avgas is made to specifically match their needs.
Piston-engine aircraft, which are frequently found in the general aviation industry, make up a large portion of Avgas-powered aircraft. Aerial photography, air ambulance services, flight training, private and leisure flying, and other non-commercial aviation endeavors are all included in general aviation. More people and companies may participate in general aviation activities as air traffic rises, which would raise Avgas usage. Pilot training is becoming more and more necessary as aviation traffic increases.
Perspectives on Market Segments
Based on grade type, the aviation gasoline (Avgas) market is divided into segments such as avgas 100 (green), avgas 100LL (blue), and others.
The market is divided into fixed wings, rotorcraft, and other segments according to the type of aircraft. Throughout the anticipated period, the fixed wings type is anticipated to lead the Aviation Gasoline (Avgas) Market revenue.
Based on application, the aviation gasoline (Avgas) market is divided into civil, military, sports & recreational, and other segments.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America are the regions into which the study divides the aviation gasoline (Avgas) market. North America is expected to become the largest and fastest-growing aviation fuel (Avgas) market in the world due to its substantial Avgas industry. One of the biggest and busiest general aviation markets in the world is found in North America. There are a lot of general aviation aircraft, flying schools, and private and recreational pilots in the area.
The region's high quantity of piston-engine aircraft guarantees a steady need for Avgas. North America serves as a global center for aviation education and pilot training. For flight training, a large number of prospective pilots go from all over the world to the area. In North America, Avgas-powered small piston-engine aircraft are used for training at flight schools and training facilities. Avgas use in the area is influenced by the strong demand for flight training.
Key Players
The following are major players in the market: Hjelmco Oil AB (Sweden), Oman Oil Company S.A.O.C. (Oman), Vitol (Switzerland), Indian Oil Corporation Ltd. (India), China Petrochemical Corporation Ltd. (China), TotalEnergies SE (France), Shell PLC (UK), BP PLC (UK), and Phillips 66 Company (US).
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 14
1.1 OVERVIEW .......................................................................................................................................................... 14
2 MARKET INTRODUCTION ............................................................................................................ 15
2.1 DEFINITION ........................................................................................................................................................ 15
2.2 SCOPE OF THE STUDY ........................................................................................................................................ 15
2.3 RESEARCH OBJECTIVE ....................................................................................................................................... 15
2.4 MARKET STRUCTURE .......................................................................................................................................... 16
2.5 ASSUMPTIONS & LIMITATIONS ........................................................................................................................... 16
3 RESEARCH METHODOLOGY ...................................................................................................... 17
3.1 DATA MINING ..................................................................................................................................................... 17
3.2 SECONDARY RESEARCH ..................................................................................................................................... 18
3.3 PRIMARY RESEARCH .......................................................................................................................................... 18
3.4 BREAKDOWN OF PRIMARY RESPONDENTS .......................................................................................................... 19
3.5 FORECASTING TECHNIQUES ............................................................................................................................... 20
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION ................................................................................ 21
3.6.1 BOTTOM-UP APPROACH ................................................................................................................................. 22
3.6.2 TOP-DOWN APPROACH .................................................................................................................................. 22
3.7 DATA TRIANGULATION ....................................................................................................................................... 23
3.8 VALIDATION ....................................................................................................................................................... 23
4 MARKET DYNAMICS .................................................................................................................... 24
4.1 OVERVIEW .......................................................................................................................................................... 24
4.2 DRIVERS ............................................................................................................................................................. 25
4.2.1 INCREASE IN AIR TRAFFIC .............................................................................................................................. 25
4.2.2 HIGH CONSUMPTION OF SUSTAINABLE AVIATION FUEL .................................................................................. 25
4.3 RESTRAINTS ...................................................................................................................................................... 26
4.3.1 RISING ELECTRIC AND HYBRID AIRCRAFT ....................................................................................................... 26
4.3.2 HARMFUL ENVIRONMENTAL EFFECTS OF AVIATION FUEL ............................................................................... 28
4.4 OPPORTUNITIES ................................................................................................................................................. 28
4.4.1 RISING NEED FOR ALTERNATIVE AVIATION FUEL............................................................................................. 28
4.5 IMPACT ANALYSIS OF COVID-19 ......................................................................................................................... 29
4.5.1 COVID-19 IMPACT ON THE ENERGY & POWER INDUSTRY ................................................................................. 29
4.5.1.1 ECONOMIC IMPACT ................................................................................................................................. 29
4.5.2 IMPACT ON AVIATION GASOLINE (AVGAS) MARKET ........................................................................................ 29
4.5.2.1 IMPACT ON SUPPLY CHAIN OF AVIATION GASOLINE (AVGAS) MARKET .................................................... 29
4.5.2.1.1 PRICE VARIATION OF KEY RAW MATERIAL ......................................................................................... 29
4.5.2.1.2 CASH FLOW CONSTRAINTS ............................................................................................................... 30
4.5.2.1.3 IMPACT ON IMPORT/EXPORT ........................................................................................................... 30
4.5.2.1.4 IMPACT DUE TO RESTRICTION/LOCKDOWNS ..................................................................................... 30
4.5.2.1.5 CONSUMER SENTIMENTS ................................................................................................................. 30
4.5.3 IMPACT ON WORLD TRADE ............................................................................................................................. 30
5 MARKET FACTOR ANALYSIS ...................................................................................................... 31
5.1 SUPPLY CHAIN ANALYSIS................................................................................................................................... 31
5.1.1 RAW MATERIALS ............................................................................................................................................ 32
5.1.2 MANUFACTURERS .......................................................................................................................................... 32
5.1.3 DISTRIBUTION & SALES CHANNEL .................................................................................................................. 32
5.1.4 END-USERS .................................................................................................................................................... 32
5.2 PORTER'S FIVE FORCES MODEL .......................................................................................................................... 33
5.2.1 THREAT OF NEW ENTRANTS ........................................................................................................................... 33
5.2.2 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 34
5.2.3 THREAT OF SUBSTITUTES .............................................................................................................................. 34
5.2.4 BARGAINING POWER OF BUYERS .................................................................................................................... 34
5.2.5 INTENSITY OF RIVALRY .................................................................................................................................. 34
6 GLOBAL AVIATION GASOLINE (AVGAS) MARKET, BY GRADE TYPE ...................................... 35
6.1 OVERVIEW .......................................................................................................................................................... 35
6.1.1 AVGAS 100 (GREEN) ....................................................................................................................................... 37
6.1.2 AVGAS 100LL (BLUE) ...................................................................................................................................... 37
6.1.3 OTHERS ......................................................................................................................................................... 38
7 GLOBAL AVIATION GASOLINE (AVGAS) MARKET, BY AIRCRAFT TYPE ................................. 39
7.1 OVERVIEW .......................................................................................................................................................... 39
7.1.1 FIXED WINGS ................................................................................................................................................. 41
7.1.2 ROTORCRAFT ................................................................................................................................................. 41
7.1.3 OTHERS ......................................................................................................................................................... 42
8 GLOBAL AVIATION GASOLINE (AVGAS) MARKET, BY APPLICATION ...................................... 43
8.1 OVERVIEW .......................................................................................................................................................... 43
8.1.1 CIVIL .............................................................................................................................................................. 45
8.1.2 MILITARY ....................................................................................................................................................... 45
8.1.3 SPORTS & RECREATIONAL .............................................................................................................................. 46
8.1.4 OTHERS ......................................................................................................................................................... 46
9 GLOBAL AVIATION GASOLINE (AVGAS) MARKET, BY REGION ............................................... 47
9.1 OVERVIEW .......................................................................................................................................................... 47
9.2 NORTH AMERICA ................................................................................................................................................ 50
9.2.1 US.................................................................................................................................................................. 54
9.2.2 CANADA ........................................................................................................................................................ 55
9.2.3 MEXICO ......................................................................................................................................................... 56
9.3 EUROPE ............................................................................................................................................................. 57
9.3.1 GERMANY ...................................................................................................................................................... 61
9.3.2 FRANCE ......................................................................................................................................................... 62
9.3.3 UK ................................................................................................................................................................. 63
9.3.4 ITALY ............................................................................................................................................................. 64
9.3.5 REST OF EUROPE ............................................................................................................................................ 65
9.4 ASIA-PACIFIC ..................................................................................................................................................... 66
9.4.1 CHINA ............................................................................................................................................................ 70
9.4.2 INDIA ............................................................................................................................................................. 71
9.4.3 JAPAN ........................................................................................................................................................... 72
9.4.4 REST OF ASIA-PACIFIC ................................................................................................................................... 73
9.5 MIDDLE EAST AND AFRICA ................................................................................................................................. 74
9.5.1 EGYPT ........................................................................................................................................................... 77
9.5.2 UAE ............................................................................................................................................................... 78
9.5.3 TURKEY .......................................................................................................................................................... 79
9.5.4 REST OF MIDDLE EAST & AFRICA .................................................................................................................... 80
9.6 SOUTH AMERICA ................................................................................................................................................ 81
9.6.1 BRAZIL ........................................................................................................................................................... 84
9.6.2 ARGENTINA ................................................................................................................................................... 85
9.6.3 REST OF SOUTH AMERICA .............................................................................................................................. 86
10 COMPETITIVE LANDSCAPE ........................................................................................................ 87
10.1 OVERVIEW .......................................................................................................................................................... 87
10.2 KEY DEVELOPMENTS .......................................................................................................................................... 88
10.3 GLOBAL MARKET STRATEGY ANALYSISS ............................................................................................................ 88
10.4 COMPETITIVE BENCHMARKING .......................................................................................................................... 89
11 COMPANY PROFILES .................................................................................................................. 90
11.1 INDIAN OIL CORPORATION LTD ........................................................................................................................... 90
11.1.1 COMPANY OVERVIEW ..................................................................................................................................... 90
11.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 91
11.1.3 PRODUCTS OFFERED ...................................................................................................................................... 91
11.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 92
11.1.5 SWOT ANALYSIS ............................................................................................................................................ 92
11.1.6 KEY STRATEGIES ............................................................................................................................................ 92
11.2 CHINA PETROCHEMICAL CORPORATION ............................................................................................................. 93
11.2.1 COMPANY OVERVIEW ..................................................................................................................................... 93
11.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 94
11.2.3 PRODUCTS OFFERED ...................................................................................................................................... 94
11.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 95
11.2.5 SWOT ANALYSIS ............................................................................................................................................ 95
11.2.6 KEY STRATEGIES ............................................................................................................................................ 95
11.3 HJELMCO OIL AB................................................................................................................................................ 96
11.3.1 COMPANY OVERVIEWS ................................................................................................................................... 96
11.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 96
11.3.3 PRODUCTS OFFERED ...................................................................................................................................... 96
11.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 96
11.3.5 SWOT ANALYSIS ............................................................................................................................................ 97
11.3.6 KEY STRATEGIES ............................................................................................................................................ 97
11.4 OMAN OIL COMPANY S.A.O.C. (OOC) .................................................................................................................. 98
11.4.1 COMPANY OVERVIEW ..................................................................................................................................... 98
11.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 98
11.4.3 PRODUCTS OFFERED ...................................................................................................................................... 98
11.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 98
11.4.5 SWOT ANALYSIS ............................................................................................................................................ 99
11.4.6 KEY STRATEGIES ............................................................................................................................................ 99
11.5 VITOL ................................................................................................................................................................. 100
11.5.1 COMPANY OVERVIEW ..................................................................................................................................... 100
11.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 100
11.5.3 PRODUCTS OFFERED ...................................................................................................................................... 100
11.5.4 KEY DEVELOPMENTSS .................................................................................................................................... 100
11.5.5 SWOT ANALYSIS ............................................................................................................................................ 101
11.5.6 KEY STRATEGIES ............................................................................................................................................ 101
11.6 SHELL PLC ......................................................................................................................................................... 102
11.6.1 COMPANY OVERVIEW ..................................................................................................................................... 102
11.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 103
11.6.3 PRODUCTS OFFERED ...................................................................................................................................... 103
11.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 104
11.6.5 SWOT ANALYSIS ............................................................................................................................................ 104
11.6.6 KEY STRATEGIES ............................................................................................................................................ 104
11.7 BP P.L.C. ............................................................................................................................................................ 105
11.7.1 COMPANY OVERVIEW ..................................................................................................................................... 105
11.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 106
11.7.3 PRODUCTS OFFERED ...................................................................................................................................... 106
11.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 107
11.7.5 SWOT ANALYSIS ............................................................................................................................................ 107
11.7.6 KEY STRATEGIES ............................................................................................................................................ 107
11.8 EXXON MOBIL CORPORATION ............................................................................................................................. 108
11.8.1 COMPANY OVERVIEW ..................................................................................................................................... 108
11.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 109
11.8.3 PRODUCTS OFFERED ...................................................................................................................................... 109
11.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 109
11.8.5 SWOT ANALYSIS ............................................................................................................................................ 110
11.8.6 KEY STRATEGIES ............................................................................................................................................ 110
11.9 PHILLIPS 66 COMPANY ...................................................................................................................................... 111
11.9.1 COMPANY OVERVIEW ..................................................................................................................................... 111
11.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 112
11.9.3 PRODUCTS OFFERED ...................................................................................................................................... 112
11.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 113
11.9.5 KEY DEVELOPMENTS ...................................................................................................................................... 113
11.9.6 SWOT ANALYSIS ............................................................................................................................................ 113
11.9.7 KEY STRATEGIES ............................................................................................................................................ 113
11.10 TOTALENERGIES ................................................................................................................................................ 114
11.10.1 COMPANY OVERVIEW ..................................................................................................................................... 114
11.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 115
11.10.3 PRODUCTS OFFERED ...................................................................................................................................... 115
11.10.4 KEY DEVELOPMENTS ...................................................................................................................................... 116
11.10.5 SWOT ANALYSIS ............................................................................................................................................ 116
11.10.6 KEY STRATEGIES ............................................................................................................................................ 116
12 APPENDIX..................................................................................................................................... 117
12.1 REFERENCES ...................................................................................................................................................... 117
12.2 RELATED REPORTS ............................................................................................................................................. 117
