LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global aviation fuel market report until 2020. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global aviation fuel market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, rapid advances in technology, and frequent changes in government policies and environmental regulations are some key factors that confront market growth.
“The industry has been undergoing consolidation since 2011, as the Chinese, the US, and European governments have imposed strict environmental protection to reduce carbon emissions caused by the aviation industry. Declining prices of aviation turbine fuel will likely present a significant challenge for bio jet fuel manufacturers,” says Sayani Roy, an industry expert from Technavio.
The report also states that an increasing number of air fleet, air traffic, and the number of passenger per year are helping the market grow. Development in developing countries, such as China and India, will boost the aviation fuel industry during the forecast period. It is expected that China will become leading country for the aviation fuel market, owing to the increase in a number of air passenger and aircraft each year.
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Top five aviation fuel market vendors
Air BP
Air BP offers and supplies jet kerosene and aviation gasoline worldwide. It is the aviation division of BP and has a strong network of operations at over 700 locations in approximately 50 countries. It sells over seven billion gallons of jet kerosene and aviation gasoline in a year.
The company's end key markets include commercial airlines, business jet operators, aircraft and helicopter operators, private pilots, military, general aviation airfield and FBOs, and national oil field companies.
Air BP is one the major players in the global aviation fuel market. Air BP is a division of BP and is one the major suppliers of aviation fuel products and services. Through its direct operations, the company fuels over 6,000 flights in a day.
Shell
Shell was founded in 1907 and is headquartered in The Hague, Netherlands. The company produces and refines petroleum, chemicals, fuels, and lubricants.
Shell offers aviation fuel through Shell Aviation, which provides a product portfolio of world-class fuels, lubricants, and other related services. The company has an extensive fuel network across the globe and is well supported by strong supply and distribution chain of its own refineries. Also, Shell Aviation offers quality lubricants to protect aircraft fluids for hydraulic mechanisms, oils for the engines and greases for gearing mechanisms.
Shell is one the major players in the global aviation fuel market. The company uses JP-4 as primary jet fuel for the USAF. It meets the requirements of the US Military Specification MIL-PRF-5624S Grade JP-4.
Exxon Mobil
Exxon Mobil was founded in 1999 and is headquartered in Texas, US. The company offers petroleum and petrochemicals worldwide. It provides a supply of high-quality marine products and services to vessel owners and operators.
Exxon Mobile offers a portfolio of aviation fuels, such as Jet/Jet-A, Avgas, and JP8. Its products include both jet fuels and high-performance lubricants, such as hydraulic fluids, jet oils, greases, and other aviation products.
Chevron
Chevron was founded in 1879 and is headquartered in San Ramon, California, US. The company is involved in the exploration, production, and transportation of crude oil and natural gas. It markets and sells transportation fuels and lubricants, manufactures and sells petrochemical products, generates power and produces geothermal energy, and develops energy resources for the future, such as biofuels.
Chevron is one of the major players in the global aviation fuel market. It is involved in the supply of jet fuels and aviation gasoline in the US to the general aviation industry with the help of resellers. It provides jet fuels to meet or exceed stringent requirements for fuel handling and product standards such as the American Society of Testing and Materials, the United Kingdom Ministry of Defense, and the Coordinating Research Council.
Gazprom
Gazprom was founded in 1989 and is headquartered in Moscow, Russia. The company is engaged in the exploration, production, storage, transportation, and sales of gas, gas condensate and oil, the sales of gas as a vehicle fuel, and the production and marketing of heat and electric power.
Gazprom-Aero, a subsidiary of Gazprom Neft, sells aviation fuel and refuels aircraft. It is one of the major fuel-jet suppliers in Russia. It has a strategic partnership with International Air Transport Association for the supply of aviation fuel.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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