Global Jet Kerosene (Fuel) Market: Overview
Supported by new technological advancements and escalating investments, the substantial rise in the airline industry is likely to drive the growth of the global jet kerosene market in the coming years. Jet kerosene is mainly used to power aircraft. Usually, it is of a higher quality compared to the fuel utilized in applications such as heating and road transport. It is believed to be the best quality fuel with the most efficient combination of properties.
Air content and combustion quality are the two most important properties, which influence the performance of jet kerosene. The other prominent qualities of jet kerosene include non-corrosivity, cleanliness, fluidity, volatility, stability, and lubricity. Apart from this, jet kerosene can also be utilized as a hydraulic fuel in engine control systems and as a coolant for several fuel system components.
Based on its current and historical performance, this research report offers an in-depth evaluation of the global market for jet kerosene (fuel). The driving forces, limitations, trends, opportunities, and growth prospects of this market have also been assessed in the study to identify the market’s future status.
Global Jet Kerosene (Fuel) Market: Trends and Opportunities
According to researchers, the worldwide jet kerosene (fuel) market is teeming with opportunities, thanks to the remarkable rise in the global economy. The air traffic is expected to increase significantly in the near future as, with the socio-economic growth and the increasing disposable income, the traveling preferences of consumers have begun to shift towards airlines. As a result, the frequency of airplanes is expected to witness a manifold increase, and consequently, the demand for jet kerosene is also projected to experience a substantial upsurge over the years to come. Furthermore, the rising airline liberalization is also anticipated to fuel the demand for jet kerosene to ensure the increased connectivity services for a long-term period.
The improvements in GDP growth and the productivity, as well as the increased aviation connectivity, are also expected to boost the global aviation industry in the near future, resulting in the high demand for jet kerosene across the world. However, the intensifying competition among airlines is likely to cause competitive pricing of services, which may act as a restraint to the worldwide jet kerosene (fuel) market. Apart from this, the price volatility of jet kerosene will also hamper the growth of this market in the coming years.
Global Jet Kerosene (Fuel) Market: Geographical Analysis
On the geographical front, the worldwide jet kerosene market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Driven by the substantial increase in the count of passengers, who prefer traveling via airlines, Asia Pacific is likely to lead the overall market in terms of jet fuel consumption over the next few years. North America and Europe are also projected to register a steady rise in the demand for jet fuel in the years to come.
Companies mentioned in the research report
Oil Corporation Ltd., Qatar Jet Fuel Co., Valero Marketing and Supply Co., Allied Aviation Services Inc., and Bharat Petroleum are some of the key enterprises in the global market for jet kerosene.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.