From GlobeNewswire: 2024-06-14 08:00:00

The global aviation fuel market is projected to reach USD 696.2 Billion by 2030, growing at a CAGR of 13.7% due to increasing air travel demand and growth in the aviation industry. Opportunities lie in low-cost carriers and advanced biofuels, while challenges include volatile oil prices and environmental regulations.

Sustainable aviation fuel (SAF) is crucial for reducing emissions in the aviation industry, offering up to an 80% reduction in CO2 emissions compared to fossil fuel. The demand for alternative aviation fuel is on the rise, leading to agreements between airlines, airports, and biofuel suppliers. However, high investments for SAF approval and certification are challenges.

Top aviation fuel companies include Exxon Mobil, Chevron, British Petroleum, Shell, and TotalEnergies. Exxon Mobil focuses on oil, gas, and petroleum products, while Chevron operates across the oil and gas value chain. British Petroleum engages in oil and natural gas exploration, and Shell specializes in oil and natural gas production. TotalEnergies explores fuel, natural gas, and low-carbon electricity.



Read more at GlobeNewswire: Exploring the Dynamics of the Aviation Fuel Market and Top