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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Aviation Gasoline (Avgas) Market Size
The global aviation gasoline (avgas) market reached a value of nearly USD 2.34 billion in 2023. It is projected to grow at a CAGR of 4.3% between 2024 and 2032 to attain around USD 3.45 billion by 2032.
Key Takeaways
- The General Aviation Manufacturers Association (GAMA) reported an increase in sales of piston-engine aircraft from 1,503 in 2019 to 1,718 in 2022.
- Royal Dutch Shell Plc, TotalEnergies, and Exxon Mobil Corporation are a few of the major companies in the market.
- The demand for aviation gasoline will be driven by the increased need for small piston aircraft for various sporting activities, such as aerobatics, air racing, gliding, and other activities.
Aviation fuel, an exclusive type of fuel, is generally used to energise an aircraft. This fuel is petroleum-based and is of higher quality than the regular fuels used in rail transport and road transport, among others.
The increase in investment by governments, the introduction of new flight routes, increased fleet sizes, and high demand for gasoline from emerging economies are likely to augment the market growth. In 2022, the U.S. as a whole produced 4,051 thousand barrels of aviation gasoline, with specific quantities produced in the Midwest, Indiana-Illinois-Kentucky refining district, and the Minnesota-Wisconsin-North Dakota-South Dakota refining district.
Some of the factors driving the aviation gasoline (avgas) market growth are the growing demand for business aviation aircraft by a growing number of high-net-worth individuals and increasing interest in sustainable aviation fuels due to stricter environmental regulations regarding air quality and greenhouse gas emissions.
Aviation Gasoline (Avgas) Market Report Snapshots
Aviation Gasoline (Avgas) Market Size
Aviation Gasoline (Avgas) Market Trends
Aviation Gasoline (Avgas) Market Regional Analysis
Aviation Gasoline (Avgas) Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was nearly USD 2.34 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 3.45 billion by 2032.
The major drivers include increasing government investments, increased fleet sizes, and growing demand for small aircrafts.
The key trends include growing demand for sustainable aviation fuel, advancements in engine technology and fuel efficiency, and investments in aviation infrastructure.
Major end uses of aviation gas include private, commercial, and defence, among others.
The major players in the market include Royal Dutch Shell Plc, Indian Oil Corporation Limited, Exxon Mobil Corporation, TotalEnergies, Phillips 66 COMPANY, and Repsol.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124