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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Aviation Gasoline (Avgas) Market Analysis by Region
North America is anticipated to hold a dominant position in the aviation gasoline (avgas) market due to the presence of significant players in the region. The growth of the defence sector in the US and Canada, fuelled by increased government investments, has significantly contributed to the demand for small aircraft and helicopters in the defence sector in the region. In FY 2023, the U.S. government allocated USD 816.7 billion to the defence sector.
The Europe aviation gasoline (avgas) market is being driven by the growing demand for small piston aircraft due to the flourishing tourism sector. As more visitors from different countries flock to Europe for sightseeing and other leisure activities, there is a noticeable uptick in the number of small planes being used for such purposes. The European Union (EU) has proposed a mandate for the use of Sustainable Aviation Fuel to increase from 2% in 2025 to 63% in 2050. Such measures are likely to lead to significant developments in achieving sustainable aviation biofuels during the forecast period.
The Asia Pacific also holds a significant aviation gasoline (avgas) market share. The region, which includes China, India, and others is currently experiencing significant economic growth. This growth has led to a rise in air travel and tourism demand, which, in turn, has resulted in higher consumption of aviation gasoline. In 2022, the total number of air passengers reached 3.4 billion and the number is expected to increase significantly by 2035.
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