
Aviation Gasoline (Avgas) Market
Description
Aviation Gasoline (Avgas) Market
Growth Factors of Aviation Gasoline (Avgas) Market
The aviation gasoline (Avgas) market size was reached at a value of USD 2.00 billion in 2023, and the market is now projected to grow from USD 2.09 billion in 2024 to USD 3.21 billion by 2032, exhibiting a CAGR of 5.46% during the forecast period of 2023-2030.
Due to lack of industrial operations and a halt in commercial campaigns, implementation of government policies, investments in projects and other initiatives due to covid pandemic., which lead a decline in the aviation gasoline (Avgas) market growth. Lockdown enacted in numerous nations have hindered the manufacturing and caused transportation delays. In addition, worldwide restrictions have caused a halt in economic activities. Despite the challenges of covid pandemic, the aviation gasoline (Avgas) sector has proven to be robust. Although the construction of electric vehicle has been delayed due to shortage of manpower and procurement concerns of raw material.
Expanding use of small aircraft for various sports events to quicken market expansion. The growing demand for light aircraft for sightseeing, tourism, photography, and other uses is predicted to drive significant growth in the aviation fuel market. The sales of piston-based aircraft have expanded dramatically as a result of air rallies, aerobatics, air racing, ballooning, aeromodelling, sailplanes, gliders, and many other sporting activities. Growing private aircraft will drive market expansion.
Demand for air travel will increase, driving aviation gasoline (Avgas) market growth overall. More people are traveling for leisure, sightseeing, adventures, and cultural experiences as a result of factors including globalization and increased connectivity, which are fueling the growth of international tourism. The demand is further increased by the need for regular air travel for meetings, conferences, and logistics brought on by expanding commercial prospects and international trade. The demand for air travel is significantly influenced by the tourism sector. For meetings, negotiations, and project management, business travelers frequently need quick and convenient air travel, which supports the consistent need for commercial flights and aviation fuel.
Comprehensive Analysis of Aviation Gasoline (Avgas) Market
The aviation gasoline (Avgas) market and power and energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by end users. The types end user segmentation includes, Private, Commercial, and Military.
The North America region lead the aviation gasoline (Avgas) market by benefitting a market size of USD 1.19 billion in 2023 due to the nation's growing private aviation passenger base and People are increasingly choosing private and charter planes to shorten their travel distances.
The top players in the market play a crucial role in the power and energy industry assuring industrial prospectus growth and setting market standards. These players include, Repsol (Spain), Viva Energy Group (Algeria), ExxonMobil (U.S.), Shell (Netherlands), BP Plc (U.K.), Total (France), Vitol Group (U.K.), Phillips 66 (U.S.), Indian Oil Corporation Limited (India) and Hjelmco Oil AB (Sweden) these market players provide a level-playing competitive environment across the globe.
In July 2023, Directorate General of Civil Aviation (DGCA) examined and certified AV GAS 100 LL, which is manufactured at Indian Oil's flagship refinery in Vadodara, India. This aviation gasoline, which has a higher octane rating than imported types, says it meets product criteria with better performance quality standards.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.46% from 2024 to 2032
Unit Value (USD Billion) and Volume (Thousand Tons)
Segmentation By End User
- Private
- Commercial
- Military
- North America (By End-user and Country)
- U.S. (By End-user)
- Canada (By End-user)
- Europe (By End-user and Country)
- France (By End-user)
- Germany (By End-user)
- Russia (By End-user)
- Spain (By End-user)
- Kazakhstan (By End-user)
- Jersey (By End-user)
- Poland (By End-user)
- Switzerland (By End-user)
- Norway (By End-user)
- Czech Republic (By End-user)
- Austria (By End-user)
- Rest of Europe (By End-user)
- Asia Pacific (By End-user and Country)
- China (By End-user)
- Australia (By End-user)
- South East Asia (By End-user)
- Rest of Asia Pacific (By End-user)
- Latin America (By End-user and Country)
- Brazil (By End-user)
- Mexico (By End-user)
- Colombia (By End-user)
- Chile (By End-user)
- Argentina (By End-user)
- Cuba (By End-user)
- Ecuador (By End-user)
- Rest of Latin America (By End-user)
- Middle East & Africa (By End-user and Country)
- South Africa (By End-user)
- Kenya (By End-user)
- GCC (By End-user)
- Guinea (By End-user)
- Botswana (By End-user)
- Liberia (By End-user)
- Libya (By End-user)
- Rest of Middle East & Africa (By End-user)
Table of Contents
292 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Aviation Gasoline (Avgas) Market
- 4.6. Value Chain Analysis
- 4.6.1. Raw Material Suppliers & Estimated Margin
- 4.6.2. Major Refiners/Producers & Estimated Margin
- 4.6.3. Major Distributors/Third Party Distributors & Estimated Margin
- 4.7. Impact of COVID-19 on the Aviation Gasoline Market
- 5. Global Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast – By End-user
- 5.2.1. Private
- 5.2.2. Commercial
- 5.2.3. Military
- 5.3. Market Analysis, Insights, and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast – By End-user
- 6.2.1. Private
- 6.2.2. Commercial
- 6.2.3. Military
- 6.3. Market Analysis, Insights, and Forecast – By Country
- 6.3.1. U.S. Market Analysis, Insights, and Forecast – By End-user
- 6.3.1.1. Private
- 6.3.1.2. Commercial
- 6.3.1.3. Military
- 6.3.2. Canada Market Analysis, Insights, and Forecast – By End-user
- 6.3.2.1. Private
- 6.3.2.2. Commercial
- 6.3.2.3. Military
- 7. Europe Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast – By End-user
- 7.2.1. Private
- 7.2.2. Commercial
- 7.2.3. Military
- 7.3. Market Analysis, Insights, and Forecast – By Country
- 7.3.1. France Market Analysis, Insights, and Forecast – By End-user
- 7.3.1.1. Private
- 7.3.1.2. Commercial
- 7.3.1.3. Military
- 7.3.2. Germany Market Analysis, Insights, and Forecast – By End-user
- 7.3.2.1. Private
- 7.3.2.2. Commercial
- 7.3.2.3. Military
- 7.3.3. Russia Market Analysis, Insights, and Forecast – By End-user
- 7.3.3.1. Private
- 7.3.3.2. Commercial
- 7.3.3.3. Military
- 7.3.4. Spain Market Analysis, Insights, and Forecast – By End-user
- 7.3.4.1. Private
- 7.3.4.2. Commercial
- 7.3.4.3. Military
- 7.3.5. Kazakhstan Market Analysis, Insights, and Forecast – By End-user
- 7.3.5.1. Private
- 7.3.5.2. Commercial
- 7.3.5.3. Military
- 7.3.6. Jersey Market Analysis, Insights, and Forecast – By End-user
- 7.3.6.1. Private
- 7.3.6.2. Commercial
- 7.3.6.3. Military
- 7.3.7. Poland Market Analysis, Insights, and Forecast – By End-user
- 7.3.7.1. Private
- 7.3.7.2. Commercial
- 7.3.7.3. Military
- 7.3.8. Switzerland Market Analysis, Insights, and Forecast – By End-user
- 7.3.8.1. Private
- 7.3.8.2. Commercial
- 7.3.8.3. Military
- 7.3.9. Norway Market Analysis, Insights, and Forecast – By End-user
- 7.3.9.1. Private
- 7.3.9.2. Commercial
- 7.3.9.3. Military
- 7.3.10. Czech Republic Market Analysis, Insights, and Forecast – By End-user
- 7.3.10.1. Private
- 7.3.10.2. Commercial
- 7.3.10.3. Military
- 7.3.11. Austria Market Analysis, Insights, and Forecast – By End-user
- 7.3.11.1. Private
- 7.3.11.2. Commercial
- 7.3.11.3. Military
- 7.3.12. Rest of Europe Market Analysis, Insights, and Forecast – By End-user
- 7.3.12.1. Private
- 7.3.12.2. Commercial
- 7.3.12.3. Military
- 8. Asia Pacific Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast – By End-user
- 8.2.1. Private
- 8.2.2. Commercial
- 8.2.3. Military
- 8.3. Market Analysis, Insights, and Forecast – By Country
- 8.3.1. China Market Analysis, Insights, and Forecast – By End-user
- 8.3.1.1. Private
- 8.3.1.2. Commercial
- 8.3.1.3. Military
- 8.3.2. Australia Market Analysis, Insights, and Forecast – By End-user
- 8.3.2.1. Private
- 8.3.2.2. Commercial
- 8.3.2.3. Military
- 8.3.3. Southeast Asia Market Analysis, Insights, and Forecast – By End-user
- 8.3.3.1. Private
- 8.3.3.2. Commercial
- 8.3.3.3. Military
- 8.3.4. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By End-user
- 8.3.4.1. Private
- 8.3.4.2. Commercial
- 8.3.4.3. Military
- 9. Latin America Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast – By End-user
- 9.2.1. Private
- 9.2.2. Commercial
- 9.2.3. Military
- 9.3. Market Analysis, Insights, and Forecast – By Country
- 9.3.1. Brazil Market Analysis, Insights, and Forecast – By End-user
- 9.3.1.1. Private
- 9.3.1.2. Commercial
- 9.3.1.3. Military
- 9.3.2. Mexico Market Analysis, Insights, and Forecast – By End-user
- 9.3.2.1. Private
- 9.3.2.2. Commercial
- 9.3.2.3. Military
- 9.3.3. Colombia Market Analysis, Insights, and Forecast – By End-user
- 9.3.3.1. Private
- 9.3.3.2. Commercial
- 9.3.3.3. Military
- 9.3.4. Chile Market Analysis, Insights, and Forecast – By End-user
- 9.3.4.1. Private
- 9.3.4.2. Commercial
- 9.3.4.3. Military
- 9.3.5. Argentina Market Analysis, Insights, and Forecast – By End-user
- 9.3.5.1. Private
- 9.3.5.2. Commercial
- 9.3.5.3. Military
- 9.3.6. Ecuador Market Analysis, Insights, and Forecast – By End-user
- 9.3.6.1. Private
- 9.3.6.2. Commercial
- 9.3.6.3. Military
- 9.3.7. Cuba Market Analysis, Insights, and Forecast – By End-user
- 9.3.7.1. Private
- 9.3.7.2. Commercial
- 9.3.7.3. Military
- 9.3.8. Rest of Latin America Market Analysis, Insights, and Forecast – By End-user
- 9.3.8.1. Private
- 9.3.8.2. Commercial
- 9.3.8.3. Military
- 10. Middle East and Africa Aviation Gasoline (Avgas) Market (Thousand Tons, USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 10.1. Key Findings
- 10.2. Market Analysis, Insights, and Forecast – By End-user
- 10.2.1. Private
- 10.2.2. Commercial
- 10.2.3. Military
- 10.3. Market Analysis, Insights, and Forecast – By Country
- 10.3.1. South Africa Market Analysis, Insights, and Forecast – By End-user
- 10.3.1.1. Private
- 10.3.1.2. Commercial
- 10.3.1.3. Military
- 10.3.2. Kenya Market Analysis, Insights, and Forecast – By End-user
- 10.3.2.1. Private
- 10.3.2.2. Commercial
- 10.3.2.3. Military
- 10.3.3. GCC Market Analysis, Insights, and Forecast – By End-user
- 10.3.3.1. Private
- 10.3.3.2. Commercial
- 10.3.3.3. Military
- 10.3.4. Guinea Market Analysis, Insights, and Forecast – By End-user
- 10.3.4.1. Private
- 10.3.4.2. Commercial
- 10.3.4.3. Military
- 10.3.5. Botswana Market Analysis, Insights, and Forecast – By End-user
- 10.3.5.1. Private
- 10.3.5.2. Commercial
- 10.3.5.3. Military
- 10.3.6. Liberia Market Analysis, Insights, and Forecast – By End-user
- 10.3.6.1. Private
- 10.3.6.2. Commercial
- 10.3.6.3. Military
- 10.3.7. Libya Market Analysis, Insights, and Forecast – By End-user
- 10.3.7.1. Private
- 10.3.7.2. Commercial
- 10.3.7.3. Military
- 10.3.8. Rest of Middle East and Africa Market Analysis, Insights, and Forecast – By End-user
- 10.3.8.1. Private
- 10.3.8.2. Commercial
- 10.3.8.3. Military
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. ExxonMobil Corporation
- 11.2.1.1. Business Overview
- 11.2.1.2. Product and Service Offerings
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. Shell Plc
- 11.2.2.1. Business Overview
- 11.2.2.2. Product and Service Offerings
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. BP Plc
- 11.2.3.1. Business Overview
- 11.2.3.2. Product and Service Offerings
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. TotalEnergies S.E
- 11.2.4.1. Business Overview
- 11.2.4.2. Product and Service Offerings
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. Indian Oil Corporation Limited
- 11.2.5.1. Business Overview
- 11.2.5.2. Product and Service Offerings
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. Repsol S.A.
- 11.2.6.1. Business Overview
- 11.2.6.2. Product and Service Offerings
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. Phillips 66
- 11.2.7.1. Business Overview
- 11.2.7.2. Product and Service Offerings
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. Vitol Group
- 11.2.8.1. Business Overview
- 11.2.8.2. Product and Service Offerings
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. HJELMCO OIL AB
- 11.2.9.1. Business Overview
- 11.2.9.2. Product and Service Offerings
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.10. Viva Energy Group
- 11.2.10.1. Business Overview
- 11.2.10.2. Product and Service Offerings
- 11.2.10.3. Recent Developments
- 11.2.10.4. Financials (Based on Availability)
- 11.3. List of Top Avgas Producers, By Region
- 11.3.1. North America
- 11.3.2. Europe
- 11.3.3. Asia Pacific
- 11.3.4. Latin America
- 11.3.5. Middle East & Africa
- 11.4. List of Avgas Distributors, By Region
- 11.4.1. North America
- 11.4.2. Europe
- 11.4.3. Asia Pacific
- 11.4.4. Latin America
- 11.4.5. Middle East & Africa
- 11.5. Key FOB Locations and Average Selling Price, By Region
- 11.5.1. North America
- 11.5.2. Europe
- 11.5.3. Asia Pacific
- 11.5.4. Latin America
- 11.5.5. Middle East & Africa
Pricing
Currency Rates
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