As per a study by Fact MR, the global aviation fluid market is forecast to grow at a healthy pace over the forecast period, from 2020 to 2030. According to the study, aviation fluid is desired for high risk applications in aircraft owing to its superior performance and no explosion property at high temperature. Cost effectiveness and high efficiency of aviation fuel made it an ideal candidate for military as well as commercial use. Increasing military projects are expected to improve the market growth.
COVID-19 outbreak negatively influenced the market growth of aviation fluid. The pandemic led to closure of international trade slowing down the commercial freight movement. Lockdown and closing of borders for passenger airlines and tourism led to drastic fall in market sales. With lifting of lockdown and opening of international borders for trade and tourism, the market is expected to recover in upcoming years
“Rising investment from aviation companies and key market players towards developing better airline infrastructure to manage bulk passengers is predicted to be beneficial for long term growth”, said a lead analyst at Fact.MR
- Adoption of unleaded Avgas instead of jet fuel by the U.S. will increase the aviation fluid demand.
- Expansion of tourism sector accelerating the aviation fluid sales in North America.
- Expansion of the transportation and construction industry has created conducive environment for expansion in Germany and France.
- Expansion of aviation sector has catapulted India as a key market for aviation fluids within South Asia.
- Booming tourism sector and increase in disposable income of developing countries will accelerate the market demand.
- International trading collaborations between nations and lower price of crude oil will augment the market growth.
- Allocation of large budgets on military and defense use of aircrafts will increase the overall aviation fuel consumption propelling the market demand.
- Stringent regulation policies by environmental agencies regarding aviation fuel usage hampers fabric glue market growth.
- Growing awareness among passengers regarding the harmful effect of aviation fuel on environment hinders market demand.
- Usage of lead in avgas to reduce knocking in engine has harmful effects on humans and thus negatively influences market growth.
Discover more about the aviation fluid market with figures and data tables, along with the table of contents. You will also find detailed market segmentation here.
Top players operating in global aviation fluid market profiled by Fact.MR are Gazprom, Chevron, Royal Dutch Shell, HPCL, Air BP, Exxon Mobil, LanzaTech, Neste Oil, Primus Green Energy, SkyNRG, Solazyme. They are focusing on developing eco friendly and high efficiency aviation fuels to expand their global footprint and diversifying their product range. Increasing commercial freight and air travel is pushing player to adopt low cost fuels and advancement of products to strengthen their market growth.
More Valuable Insights on aviation fluid market
Fact.MR, in its new report, offers an unbiased analysis of the global aviation fluid market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the aviation fluid market on the basis of fuel type (conventional aviation fluid, emerging aviation fluid), product type (ATF, aviation biofuel), application (military, commercial, UAV) across regions (North America, Latin America, Western Europe, Russia, Asia Pacific, Japan, and MEA).
Key Questions Covered in the Report
- Which factor will be the most crucial for aviation fluid market?
- What is likely to be the future outlook of aviation fluid market?
- What are the key drivers and restraints for the aviation fluid market?
- Which region has the highest growth rate in aviation fluid market?
- Which are the leading players operating in the aviation fluid market?
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