Global Jet Kerosene Market is expected to reach US$ XX Mn by 2027 from US$ XX Mn in 2019 at a CAGR of XX% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Jet Kerosene MarketGlobal Jet Kerosene Market Dynamics:
Jet kerosene is broadly utilized to power aircraft. It is also used in engine control systems as a hydraulic fuel. The global jet kerosene market is projected to witness lucrative growth over the forecast period. The remarkable rise in the global economy and the increased frequency of airplanes are likely to boost the aviation industry in the upcoming period, resulting in the high demand for jet kerosene globally. Growth in disposable income, along with the traveling preferences of consumers towards airlines are expected to impel the market growth in the coming years. However, the volatile jet kerosene prices and competitive pricing of services in different airlines due to rising competition between airlines are predicted to limit the market growth at global level.
Global Jet Kerosene Market Segment Analysis:
The MMR report covers the segments in the jet kerosene market such as product, application, and region. Based on product, the global jet kerosene market is segmented into jet A, jet A-1, and jet B. The jet A-1 segment has led the jet kerosene market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. The jet A-1 is an aviation fuel used in jet turbine engines and is suitable for most jet aircraft. It is also used in general aviation for compatible diesel engine planes. This is a carefully refined, light petroleum. Jet A-1 has a flashpoint higher than 38°C and a freezing point of -47°C.
Global Jet Kerosene Market Regional Insights:
North America held a prominent market share of xx% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with a CAGR of XX%. The presence of key market players, the robust economic growth, and rising aircraft manufacturing units in the region are fuelling the jet kerosene market growth. Also, the high number of tourists and tourism in North America is influencing the commercial airline industry. Developed countries such as the US and Canada are the leading contributor to regional market growth.
In terms of value and volume, the Asia Pacific market is expected to grow at a CAGR of xx% during the forecast period, thanks to the rising investment in APAC and the presence of emerging economies like China, India, Japan, etc. Among these, China is estimated to hold the largest market share of xx% by the end of 2027 because china is the leading consumer of jet kerosene in the Asia Pacific. In terms of jet kerosene consumption, Asia Pacific is projected to lead the jet kerosene market in the forecast period owing to an increase in the number of passengers, who choose to travel by airlines. Airlines companies in the region are making strategic and long-term contracts with kerosene fuel companies for safeguarding a continuous supply of fuel for their jets.
The objective of the report is to present a comprehensive analysis of the Global Jet Kerosene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Jet Kerosene Market dynamics, structure by analyzing the market segments and project the GlobalJet Kerosene Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Jet Kerosene Market make the report investor’s guide.
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Global Jet Kerosene Market Scope:
Global Jet Kerosene Market, by Product:
• Jet A
• Jet A-1
• Jet B
Global Jet Kerosene Market, by Application:
• Civil Aviation
• Military Aviation
Global Jet Kerosene Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Jet Kerosene Market Key Players:
• Oil Corporation Ltd
• Qatar Jet Fuel
• Trans Oil
• Air BP
• Exxon Mobil
• Bharat Petroleum
This Report Is Submitted By : Maximize Market Research Company
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