Market Size of Asia-Pacific Commercial Aircraft Aviation Fuel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 17.68 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Commercial Aircraft Aviation Fuel Market Analysis
The market for commercial aircraft aviation fuel in Asia-Pacific is expected to grow at a CAGR of approximately 17.68% during the forecast period of 2020 - 2025. Commercial aviation includes scheduled and non-scheduled aircraft, which include commercial air transportation of passengers or cargo. Factors such as the increasing number of air passengers and aircraft fleet across the world, especially in the Asia-Pacific region are expected to drive the market during the forecast period. However, the COVID-19 pandemic, which originated in China, has had a severe impact on the commercial aviation industry in the region, in turn, restraining the market growth.
- Air turbine fuel (ATF) type is expected to dominate the market during the forecast period, owing to the large fleet size and ongoing developments like non-volatile particulate matter (nvPM) or black carbon emissions.
- Increasing concerns over emissions from the airline industry and initiatives taken by the government in developed economies to reduce airline emissions are expected to provide significant opportunities for aviation fuel in the coming years.
- China is expected to be the largest market during the forecast period, owing to the increase in low cost carrier fleet and growth in the manufacturing sector correlated to a growth in air cargo volumes.
