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Global Aviation fuel market was valued at US$178.560 billion in 2019 and is expected to grow at a CAGR of 6.00% over the forecast period to reach a total market size of US$253.261 billion in 2025. We have covered all segments of this market like market size, share, growth, analysis in the market research report.<br>For more information, visit ust<br>https://www.knowledge-sourcing.com/report/global-aviation-fuel-market<br>
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Global Aviation FuelMarket Forecasts From 2020 To 2025
DESCRIPTION Global Aviation fuel market was valued at US$178.560 billion in 2019 and is expected to grow at a CAGR of 6.00% over the forecast period to reach a total market size of US$253.261 billion in 2025. Aviation fuel is a type of kerosene-based fuel which is used to operate an aircraft. Aviation fuels reduce the risk of icing or explosion due to high temperature and is primarily used by military aircrafts as well as commercial airlines in order to maximize fuel efficiency while lowering down the operational cost.
Some Key Questions Answered By The Report • What will be Global Aviation Fuel Market from 2020 to 2025? • How are the major drivers and restraints affecting the Global Aviation FuelMarket. • Growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why?
Growing Global Travel and Tourism Industry Booming travel and tourism industry is one of the major drivers of global aviation fuel market. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals grew 5 per cent in 2018, reaching the figure to 1.4 billion which was reached two years ahead of the UNWTO forecast. This high growth in the number of international tourists is significantly driven by a relatively strong global economy with expanding middle class population base in emerging economies, new business models, technological advances, and affordable travel costs and visa facilitation. In conjunction to this, export earnings generated by tourism also increased to US$1.7 trillion in 2018, thus making the sector a true global force for economic growth and development by way of creating more and more employment.
Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
Segment Analysis • We have included all segments of this market in market research report. • The Global Aviation Fuel market has been segmented on the basis of fuel type, aircraft type, end user and geography. • For complete segment information visit us https://www.knowledge-sourcing.com/report/global-aviation-fuel-market
Conclusion • Major players in the Global Aviation Fuelmarket have been covered along with their relative competitive position and strategies. • The report also mentions recent deals and investments of different market players over the last year. • The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Aviation Fuelmarket.
COMPANY PROFILES Shell Neste Total BP Chevron Corporation Exxon Mobil Corporation GazpromNeft PJSC Mabanaft GmbH & Co. KG VARO Global Partners LP Lukoil
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