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Aircraft Lightning Protection Market will observe substantial demand from 2019 to 2026

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Aircraft Lightning Protection Market will observe substantial demand from 2019 to 2026

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  1. Aviation Fuel Market Is Likely To Exceed US$325 Billion By 2026: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Aviation Fuel Market Scenario: • As per regional share, the Aviation Fuel of Middle East & Africa (MEA) and Latin America is anticipated to record fruitful proceeds in the coming years. • Increasing production of aircrafts is slated to foster aviation fuel industry size. In recent years, airline companies have recorded a growth in the number of air-traveling passengers. This ever-increasing demand has amassed a lot of backlog orders from airplane manufacturers. • Currently, Boeing has a backlog of more than 5,000 airplanes. With surge in demand for aircrafts by the airline industry, Global Market Insights, Inc. suggests that the aviation fuel market is likely to exceed US$325 billion by 2026. • Based on fuel type, the aviation fuel market is categorized into aviation gasoline, biokerosene and jet fuel. Out of these three, biokerosene segment is anticipated to garner the highest growth at more than 33% over the predicted period © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Regional Analysis of Aviation Fuel Market : • As per regional share, the aviation fuel market of Middle East & Africa (MEA) and Latin America is anticipated to record fruitful proceeds in the coming years. Rapid surge in the region’s tourism industry along with steady growth in air traffic has compelled major airplane manufacturers to develop more widebody frames for commercial airlines. • Recovering economy and mergers of various international airliners in Latin America may boost product demand. Meanwhile, propelling demand for private jets in MEA would act as a key factor contributing to the region’s aviation fuel market growth.

  4. Application Analysis of Aviation Fuel Market : • With growing demand for short-distance trips and business travel, the overall market share for business jets is expected to foster in the coming years. • Growing attempts by industry partakers to develop commercially viable, environmentally friendly fuel alternatives may complement biokerosene market outlook. In 2019, the U.S. Department of Energy provisioned a grant of USD 1.7 million to the Fuel Laboratory of Renewable Energy for boosting the development of sustainable aircraft gas.

  5. Competitive Market Share of Aviation Fuel Market : • Some of the prominent players present in aviation fuel market include BP, Shell, Gazprom, Chevron, IOCL and Reliance Petroleum. Companies in this industry are focusing on signing strategic deals and forming lucrative partnerships to help progress business reach. • Taking November 2019 for instance, BP inked a technical services deal with Sonangol that focused on developing its business in Angola. Thus, with proliferation in the global tourism industry and rise in demand for long-haul business jets, the aviation fuel market is anticipated to accrue sizable growth in the coming years.

  6. Browse Full Market Research Report On Aviation Fuel Market@ https://www.gminsights.com/industry-analysis/aviation-fuel-market Request for Sample Report Copy @ https://www.gminsights.com/request-sample/detail/4455

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