The Jet Fuel Global Market Report 2023, provides comprehensive information on the jet fuel market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/jet-fuel-global-market-report

The global jet fuel market size is expected to grow from $186.30 billion in 2022 to $195.98 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global jet fuel market size is expected to reach $236.15 billion in 2027 at a CAGR of 4.8%.

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Technological advancements are a key trend gaining popularity in the jet fuel market going forward. Major companies operating in the jet fuel market are developing innovative technologies to strengthen their position in the market. For instance, in October 2022, Honeywell Aerospace, a US-based maker of aircraft engines, avionics, and other aviation technologies, introduced a new innovative ethanol-to-jet fuel (ETJ) processing technology allowing producers to produce a sustainable aviation fuel (SAF) by converting corn-based cellulosic and sugar-based ethanol. This technology offers a low-cost way to reduce greenhouse gas emissions from ethanol. As compared to regular petroleum fuel, Honeywell's ethanol-jet fuel reduces greenhouse gas emissions by 80%.

The jet fuel market is segmented:

1) By Fuel Type: Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel-Biofuel, Power-To-Liquid, Gas-To-Liquid
2) By Fuel Grade: Jet A, Jet A1, Jet B, TS-1
3) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle
4) By Application: Commercial, Defense, General Aviation, Private

North America was the largest region in the jet fuel market in 2022.

The table of contents in TBRC’s jet fuel market report includes:

Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis
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Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
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