Japan Aviation Fuel Market Size, Share, and COVID-19 Impact Analysis, By Fuel Type (Jet Fuel, Bio Gas, Aviation Gas), By End-User (Commercial, Private, Military), and Japan Aviation Fuel Market Insights Forecasts to 2033

Industry: Energy & Power

RELEASE DATE Jan 2024
REPORT ID SI3407
PAGES 200
REPORT FORMAT PathSoft

Japan Aviation Fuel Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 7.3% from 2023 to 2033.
  • The Japan Aviation Fuel Market Size is Expected to Hold a Significant Share by 2033.

 

Japan Aviation Fuel Market

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The Japan Aviation Fuel Market Size is expected to hold a significant share by 2033, at a CAGR of 7.3% during the forecast period 2023 to 2033.

 

Market Overview

Fuel developed specifically for use in aviation. It deals with the production, distribution, and utilization of fuel for a variety of aircraft, including general aviation, military, and commercial aircraft. The use of aviation fuel is increasing in areas prone to severe weather, facilitating humanitarian relief efforts and aeromedical evacuations. To reduce greenhouse gas emissions, the market players are introducing sustainable aviation fuel (SAF) derived from renewable feedstocks, emphasizing the industry's commitment to environmental sustainability. Rising demand for air freight, widely regarded as the quickest mode of international goods transportation, contributes to the Japan market growth. Aside from that, rising travel engagements among the general population to discover new tourist destinations will support the Japan market over the forecasted period. Furthermore, the industry demand is increased by air travel around the world, fuel prices, environmental regulations, and advancements in fuel technology. In addition, the aviation fuel market is being driven by the rising trend of air travel and the growing aviation sector in various emerging countries. The advancement of cutting-edge aviation biofuels, as well as the growing demand for low-cost carriers, are expected to create significant opportunities for market participants in the forecast period.

 

Report Coverage

This research report categorizes the market for Japan aviation fuel market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan aviation fuel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan aviation fuel market.

 

Japan Aviation Fuel Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:7.3%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Fuel Type, By End-User
Companies Covered: Itochu, Fuji Oil, TotalEnergies, ExxonMobil, British Petroleum Fuel, Royal Dutch Shell plc, Chevron Corporation, Gazprom Neft PJSC, Neste and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Armed forces demand and elevated air transportation is expected to be major factors driving market expansion in Japan. New flight routes and airports increase fuel demand, propelling the aviation fuel industry forward. Tight rules governing the use of fuel types and additives due to high levels of carbon emissions, as well as changes in crude oil prices, are major impediments to the growth of the aviation fuel market. Meanwhile, new sustainable aviation fuel (SAF) and biofuels with the potential to significantly reduce carbon emissions present a profitable opportunity for aviation fuel business expansion. Alternative environmentally friendly methods of producing aviation fuel will have a significant impact on the aviation fuel industry in the Japan.

 

Restraining Factors

The most significant factor expected to hinder the growth of the aviation fuel market is fuel price. The high price is likely to stifle market growth. The increased fuel cost is due to the rise in the price of Brent crude oil, as jet fuel is a derivative of Brent crude oil. Because of the supply-demand imbalance, the price of Brent crude oil is rising. The rising demand for Brent crude oil, combined with a lack of crude oil production, drives up prices.

 

Market Segment

  • In 2023, the jet fuel segment accounted for the largest revenue share over the forecast period.

Based on the fuel type, the Japan aviation fuel market is segmented into jet fuel, bio gas, and aviation gas. Among these, the jet fuel segment has the largest revenue share over the forecast period. In the coming years, the demand for jet fuel may exceed the pre-pandemic level. However, jet fuel prices have returned to pre-pandemic levels. Jet fuel is a petroleum-based fuel used in the engines of jet and turboprop aircraft. Jet A1 and Jet A are the two most common aviation fuel grades used by commercial airlines. Both are kerosene-based fuels that adhere to a set of international standards.

 

  • In 2023, the commercial segment accounted for the largest revenue share over the forecast period.

On the basis of end user, the Japan aviation fuel market is segmented into commercial, private, and military. Among these, the commercial segment has the largest revenue share over the forecast period. The commercial airlines tremendous investments in expanding air traffic to handle high passenger volumes, fast economic development, and infrastructure improvements. The preference for travel to developed countries, as well as rising per capita income in developing countries, have influenced aviation demand patterns and contributed to the explosive increase in global air passenger traffic. Increased demand for logistics is being driven by business opportunities created by improved air connectivity and rising industrial production of aviation fuel in Japan.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan aviation fuel market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Itochu
  • Fuji Oil
  • TotalEnergies
  • ExxonMobil
  • British Petroleum Fuel
  • Royal Dutch Shell plc
  • Chevron Corporation
  • Gazprom Neft PJSC
  • Neste

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Japan aviation fuel market based on the below-mentioned segments:

 

Japan Aviation Fuel Market, By Fuel Type

  • Jet fuel
  • Bio Gas
  • Aviation gas

 

Japan Aviation Fuel Market, By End User

  • Commercial
  • Private
  • Military

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