Aircraft Lightning Protection Market is set to see healthy CAGR during 2019 to 2026

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Aviation Fuel Market Is Likely To Exceed US325
Billion By 2026 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• 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 US325 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

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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 regions 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 regions aviation fuel
  market growth.

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• 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.

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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.

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Fuel Market _at_ https//www.gminsights.com/industry-
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