Market Size of South America Aviation Fuel Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 11.28 Billion |
| Market Size (2029) | USD 17.03 Billion |
| CAGR (2024 - 2029) | 8.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Aviation Fuel Market Analysis
The South America Aviation Fuel Market size is estimated at USD 11.28 billion in 2024, and is expected to reach USD 17.03 billion by 2029, growing at a CAGR of 8.60% during the forecast period (2024-2029).
- Over the medium term, factors such as the recovering number of air passengers, on account of cheaper airfare in recent times, more robust economic conditions, and increasing disposable income are among the major driving factors for the market.
- On the other hand, the market can face hurdles in the coming years due to the high share of fossil-fuel-based aviation fuels in South American countries, which are responsible for the degradation of the environment.
- Nevertheless, South America is one of the leading regions in biofuels. With an increasing shift towards aviation biofuels, significant opportunities are likely to be created in the near future.
- Brazil is the largest consumer of aviation fuels in South America, resulting in its dominance in the region. With the growing market, the nation is expected to continue its dominance during the forecast period.
