Aviation Fuel Additives Market Size, Growth Analysis Report, Forecast to 2032
Sales in the global aviation fuel additives market are anticipated to increase at a 5.9% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market ****ysis. The aviation fuel additives market is likely to be driven by the widespread consumption of aviation gasoline and jet fuel for commercial, business, and military aircraft.
P****engers are preferring air travel as compared to other modes owing to the reduction in traveling time and comfort. Both freight activity and p****enger demand are benefiting the aviation industry. These factors have led to a rise in the use of aviation fuel and fuel additives in the commercial aircraft sector.
The demand for aviation fuel additives is further expected to rise due to significant advancements in military aircraft to reduce weight and increase efficiency. As per FMI ****ysis, the market is expected to be dominated by East Asia. Backed by the aforementioned factors, the global aviation fuel additives market is projected to top US$ 1.5 Bn by 2032.
“Increasing adoption of surveillance aircraft in the military sector, along with rising demand for sustainable aviation fuel (SAF) is anticipated to create opportunities for growth in the aviation fuel additives market,” says an FMI ****yst.
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Competitive Landscape
Key players in the global aviation fuel additives include Afton Chemical Corporation, BASF SE, Dorf-Ketal Chemicals India Pvt. Ltd., Hammonds, Meridian Fuels, Nalco and Ecolab Company, and Shell Chemicals.
Leading players are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions, and collaborations to launch cost-effective, green technology-based, and effective fuel additives to reduce carbon emissions.
More Insights into the Aviation Fuel Additives Market Report
In its latest report, FMI offers an unbiased ****ysis of the global aviation fuel additives market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032.
To understand the global market potential, its growth, and scope, the market is segmented based on Additive Type (Anti-icing, Antioxidants, Corrosion Inhibitors, Antiknock, Metal Deactivators, and Others), By Fuel Type (Avgas & Jet Fuel), and application (Commercial Flight (P****enger and Cargo Aircraft), Military Aircraft and Others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa).
