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Overview
Jet Fuel Additives Market size is forecast to reach $3.25 billion by 2025, after growing at a CAGR of 6.8% during 2020-2025. In the aviation market, the growing demand for biofuels is one of the main factors driving growth prospects for this industry. The use of biofuels helps reduce dependence and also decreases emissions of carbon. Biofuel will be the main jet fuel after 2030 and more than 60 percent of the global jet fuel demand is expected to account. This would lead to increased biofuel use as an alternative jet fuel, which will also boost the development of the demand for jet fuel additives.
Key Takeaways
- Biofuel demand in the aviation industry will continue to rise as airlines implement strict carbon footprint regulations and policies.
- The increasing demand in countries such as France, Germany, the UK, German and Italy for low-cost carriers would raise EMEA demand for jet fuel additives.
- In addition, the growing requirement for growing the life cycle and recycling of aircraft components such as engines in this area would also drive the use of jet fuel additives by the end of 2021.
- In 2018, 4.3 billion passengers used a global air transport Network for industry, tourism, or just for visits to friends and relatives, according to the International Civil Aviation Organization (ICAO). Compared with 2017, the total annual passenger volume increased by 6.1 percent in 2018. Approximately 38 million departures worldwide have increased.
- Antiknock additives is a gasoline additive used to reduce engine knocking and increases the fuel's octane rating by raising the temperature and pressure.
- Metal deactivators and is a fuel additive which is used to stabilize fluids by deactivating metal ions which decreases the fuel consumption.
- Cetane improvers are additives to diesel fuel that, when added at low concentrations, boost the cetane number of the blend.
End-Use Industry - Segment Analysis
Commercial Aircraft sector has been the primary market for Jet Fuel Additives for many years at a CAGR of 4.99%. Increased passenger demand for air travel and increased cargo activities are the major factors that support the aerospace industry. The rise of large middle class populations, growing urbanizations and mega-cities enable people, for business or family reasons, to move from one location to another. Diverse aircraft manufacturers in China and India aim to strengthen their trade and industrial relations. Airbus predicts that over the next 20 years, demand for passenger and freight aircraft will hit 37,400. The total volume of deliveries is estimated at 42% for Asia Pacific. To Indian travelers, air travel also remains a luxury. It is, however, a privilege that the rising middle class is within control. In terms of air travel per capita over the long term, therefore, there is a significant potential for increased air traffic. The increase in air transportation and freight operation is therefore projected to jet fuel aviation demand. This is likely during the forecast period to increase the demand for jet fuel additives.
Geography - Segment Analysis
North America dominated the Jet Fuel Additives Market share with more than 38.61%, followed by Europe and APAC. Aeronautical demand in the United States, Canada and the United Kingdom is growing. Over the forecast period, high demand is expected to be generated for jet fuel additives.
In addition, an increase in passenger volumes in jet fuel additives operating in the region during the forecast period is anticipated in Asia Pacific developing countries such as China, India, Indonesia and Vietnam. Increased FDIs in the aviation industry in Asia-Pacific developing countries are expected to fuel the region's demand in the timeframe foresaw.
Drivers – Jet Fuel Additives Market
- Rising Awareness
Reducing carbon emissions is a significant challenge for the aviation industry; the industry works on alternative fuel production for aircraft. One choice is biofuels that have fewer carbon emissions during their manufacturing cycle. Firms capable of incorporating biofuels to their operations are able to exploit the development of the fuel additives for jet aviation.
- Government Policies Regarding Aviation Growth to Offer Attractive Opportunities
Governments in various countries depend on open skies, visa and immigration policies. Countries like India and China have taken mainly government-driven measures to increase air travel. India's regional connectivity scheme' Ude Desh Ka Aam Nagrik' or UDAN-RCS is a state initiative that aims to increase citizens ' domestic access. This aims to boost the quality and comfort of air travel. With this plan, the government is also aiming to promote economic development.
China's Belt and Road initiative has increased air traffic between China and China. For example, from 2013 to 2017 traffic to and from China has increased in Kenya and Vietnam compared to the last five years. It is estimated that, with more than68 countries representing 65 per cent of global population and 30 percent of global GDP as of 2017, Belt and Road Initiative is considered one of the biggest infrastructure and investment ventures in history. The initiative is likely to improve the growth of air transport and thus improve the demand for jet fuel additives.
Challenges – Jet Fuel Additives Market
- Aviation to market hampered enormous investments and risks
Aviation is the mode of transportation that saves most time. Operating costs are, however, too small. Air transport requires a high degree of investment in constructing and maintaining an aircraft. In addition, skilled, experienced and eligible workers are needed, which require significant investments. High construction costs for both airdromes and aircraft are expected. The carriage of air is seen as costlier than other types of transportation. Aircraft running costs are higher. Airfares are also large and middle class individuals cannot always afford it. In addition, this would likely restrict the global demand for jet fuel additives in the forecast era.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Jet Fuel Additives Market. In 2018, the market of Jet Fuel Additives has been consolidated by the top five players accounting for xx% of the share. Major players in the Jet Fuel Additives Market are Afton Chemical, BASF SE, Chevron Corporation, Baker Hughes (General Electric), Croda International PLC, Clariant, Eni SpA, Exxon Mobil Corporation, Evonik Industries AG, Innospec Inc., Royal Dutch Shell PLC, among others.
1. Jet Fuel Additives Market - Overview
1.1 Definitions and Scope
2. Jet Fuel Additives Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Jet Fuel Additives Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Jet Fuel Additives Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Jet Fuel Additives Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Jet Fuel Additives Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Jet Fuel Additives Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Jet Fuel Additives Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Jet Fuel Additives- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Jet Fuel Additives- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Jet Fuel Additives - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Jet Fuel Additives - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Jet Fuel Additives Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Jet Fuel Additives Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Jet Fuel Additives Market - Key Company List by Country Premium
15. Jet Fuel Additives Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Afton Chemical Corporation
15.3 Albemarle Corporation
15.4 Basf Se
15.5 Dowdupont
15.6 Innospec Chemical Company
15.7 Lanxess
15.8 Royal Dutch Shell
15.9 The Lubrizol Corporation
15.10 Total S A
15.11 Company 10
15.12 Company 11 & More
16.1 Abbreviations
16.2 Sources
17. Jet Fuel Additives Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Jet Fuel Additives Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Jet Fuel Additives Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Jet Fuel Additives Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Jet Fuel Additives Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Jet Fuel Additives Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Jet Fuel Additives Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Jet Fuel Additives Market - By Fuel Grade (Market Size -$Million / $Billion)
8.1 Jet A-1
8.2 Jet A
8.3 Jet B
9. Jet Fuel Additives Market - By End-User (Market Size -$Million / $Billion)
9.1 Commercial Aircraft
9.1.1 Passenger Aircraft
9.1.2 Cargo Aircraft
9.2 Military Aircraft
9.3 Business Aircraft
10. Jet Fuel Additives - By Application (Market Size -$Million / $Billion)
11. Jet Fuel Additives - By Geography (Market Size -$Million / $Billion)11.1 Jet Fuel Additives Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Jet Fuel Additives- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Jet Fuel Additives- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Jet Fuel Additives - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Jet Fuel Additives - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Jet Fuel Additives Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Jet Fuel Additives Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Jet Fuel Additives Market - Key Company List by Country Premium
15. Jet Fuel Additives Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Afton Chemical Corporation
15.3 Albemarle Corporation
15.4 Basf Se
15.5 Dowdupont
15.6 Innospec Chemical Company
15.7 Lanxess
15.8 Royal Dutch Shell
15.9 The Lubrizol Corporation
15.10 Total S A
15.11 Company 10
15.12 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
16. Jet Fuel Additives Market - Appendix16.1 Abbreviations
16.2 Sources
17. Jet Fuel Additives Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends