Market Size of South America 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 | > 12.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Commercial Aircraft Aviation Fuel Market Analysis
The commercial aircraft aviation fuel market in South America is expected to grow at CAGR of more than 12% during the forecast period of 2020-2025. The increasing number of air passengers, on account of the cheaper airfare in recent times, stronger economic conditions, and increasing disposable income are few major driving factors for the market. The growing demand for renewable biofuels is likely to drive Aviation Biofuel significantly. However, the recent outbreak of COVID-19 has significantly affected the consumption of aviation fuel in the region. With the closure of international and domestic airlines to curb the spread of the virus, the demand for aviation fuel is expected to decline during the pandemic.
- With increasing connectivity globally and decreasing airfares, the commercial sector is increasing the demand for ATF. With a significant share, ATF is leading the market and is expected to dominate the market during the forecast period.
- 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 dominance in the region. With a growing market, the nation is expected to continue its dominance during the forecast period as well.
