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Aerospace and Defense Fuel Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 209

Status: Upcoming

Report Code: EMR100258

Aerospace and defense fuel is a specialized type of fuel based on petroleum usually employed to drive an aeroplane or aircraft. Aerospace and defense fuel generally maintains a comparatively better quality as compared to other conventional and traditional fuels deployed in moderately critical applications such as heating or road transport. Aerospace and defense fuel also contain additives of fuel to enhance the overall efficiency as well as to reduce the risk of icing or explosion due to reaching high temperatures. Most of the aerospace and defense fuels are classifications of petroleum fuels and are usually used in jet turbine engines or automotive and generator engines containing spark plugs. It also finds wide number of applications in aircrafts flying on diesel based engines. Aerospace and defense fuel is usually of four categories such as jet fuel, CNG and avgas among others. Avgas is generally also known as aviation gasoline is broadly used in internal combustion engines having spark plugs.

While jet fuel is considered to be a clear fuel as compared to other fuels that is based on either naphtha based kerosene blend or other unleaded kerosene blends, it is similar to the diesel fuel which is typically employed in either compression ignition engines or turbine engines. Jet fuel helps in powering commercial aircrafts and is usually a mixture of kerosene that burns at approximately 49°C. Aircraft fuel engines based on kerosene comprises of a comparatively higher flash point when compared to gasoline based aircraft fuel. This in turn further needs temperature at relatively higher magnitudes for the purpose of its ignition. Jet fuel is a drastically highly efficient fuel and just in some cases it fails to persist any quality test to be employed in a jet airplane, it can be easily deployed in less demanding needs including railroad engines. Furthermore, compressed natural gas or liquefied natural gas are some of the other fuels usually used in an aircraft. Turbofans installed in an aircraft can be easily operated by distinct type of fuels including natural gas as well.

The global aerospace and defense fuel market can be classified Based on fuel type ,application, application and geography. Based on type of fuel, the global aerospace and defense fuel market can be classified into jet fuel, natural gas, avgas and others. On the basic of application the market is bifurcated into military & defense and civil aviation. On the basic of geography the market is classified into Latin America, North America, Middle East & Africa, Europe and Asia Pacific. The robust demand especially in the Asia Pacific region is expected to be one of the key driving factors for the overall growth of the global market. Furthermore; China is further projected to account for the highest share in the global market and is expected to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and raising urbanization during the past few years. The markets in various other developing economies such as Brazil, Russia, Indonesia, Poland, Argentina, New Zealand, Korea and India among others are also expected to witness a fast growth throughout the forecast period. Moreover increasing per capita disposable income and surge in the global economy is another key factor which is predictable to bring impetus in the growth of the global market during

Key players operating in the global market are focusing on some of the major market strategies such as collaborations and acquisitions, mergers and partnerships in order to keep hold in the ever competitive global market .Furthermore they are focused on gaining hold on the local players to strengthen their good will as well as to enhance their market reach in the global market . Key players involved in the manufacture and supply of aerospace defense and fuel include Chennai Petroleum Corp. Ltd , Kuwait Aviation Fueling Co , Royal Dutch Shell Plc , Essar Oil Ltd, Reliance Industries Ltd , Indian Oil Corporation Ltd , Hindustan Petroleum Corp. Ltd and Bharat Oman Refineries Ltd , Sinopec among others.

The global aerospace and defense fuel market can be classified:
By Type:
• Jet Fuel
• Natural Gas
• Avgas
• Others
By Application:
• Military & defense
• Civil aviation

By geography:
• Latin America
• North America
• Middle East & Africa
• Europe
• Asia Pacific

The Leading Key Players in Aerospace And Defense Fuel Market

Chennai Petroleum Corp. Ltd
Kuwait Aviation Fueling Co
Royal Dutch Shell Plc
Essar Oil Ltd
Reliance Industries Ltd
Indian Oil Corporation Ltd
Hindustan Petroleum Corp. Ltd
Bharat Oman Refineries Ltd