Market Size of Europe Defense Aircraft Aviation Fuel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 11.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Defense Aircraft Aviation Fuel Market Analysis
The Europe defense aircraft aviation fuel market is expected to grow at a CAGR of more than 11% over the forecast period. Growth in the defense budget to achieve NATO's defense spending target is expected to be a major driver for the Europe aircraft aviation fuel market. In addition, fight against terrorism, externally and internally, is also expected to support the growth of the defense aircraft market in the region. However, the high volatility of crude oil prices and high cost of renewable fuels are likely to restrain the studied market during the forecast period.
- Air Turbine Fuel (ATF) segment is expected to dominate in the Europe defense aircraft aviation fuel market during the forecast period.
- The goal of military aviation industry to reduce rising level of carbon emissions, is driving the need for biofuels to tackle the problem, which in turn likely to provide an opportunity in the market.
- The United Kingdom is expected to dominate in the Europe defense aircraft aviation fuel market over the forecast period.
