Market Size of Middle-East and Africa Defense Aircraft Aviation Fuel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East And Africa Defense Aircraft Aviation Fuel Market Analysis
The Middle East and Africa defense aircraft aviation fuel market is expected to register a CAGR of more than 10% over the forecast period.
The outbreak of COVID-19 had a negative effect on the market. Currently, the market has reached pre-pandemic levels.
- Factors such as the changing nature of warfare, increasing defense spending, and increasing national security concerns are scaling up the development and investment in unmanned drones and defense aircraft, giving thrust to the demand for aviation fuel.
- However, the high volatility of crude oil prices, stringent government regulations, and increasing awareness of the reduction of carbon emissions are some of the key challenges in the regional aerospace and defense fuel market.
- The government's efforts to decrease pollution and increase awareness towards cleaner fuels in the aviation sector across the region are likely to increase demand for biofuels, which in turn is likely to provide an opportunity in the market.
Saudi Arabia is expected to dominate the Middle East and Africa defense aircraft aviation fuel market over the forecast period.
Middle-East And Africa Defense Aircraft Aviation Fuel Industry Segmentation
Aviation fuels are petroleum-based fuels used to power aircraft. These fuels must meet strict requirements for flight characteristics such as flash point and freezing point. The Middle East and African defense aircraft aviation fuel market is segmented by fuel type and geography. By fuel type, the market is segmented into aviation turbine fuel (ATF) and aviation biofuel. The report also covers the market size and forecasts for the defense aircraft aviation fuel market across the major countries in the region. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
| Fuel Type | |
| Aviation Turbine Fuel (ATF) | |
| Aviation Biofuel |
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| Rest of Middle-East and Africa |
Middle-East and Africa Defense Aircraft Aviation Fuel Market Size Summary
The Middle-East and Africa defense aircraft aviation fuel market is poised for significant growth, driven by factors such as evolving warfare dynamics, increased defense budgets, and heightened national security concerns. These elements are propelling investments in unmanned drones and defense aircraft, thereby boosting the demand for aviation fuel. Despite challenges like crude oil price volatility, stringent regulations, and a push for reduced carbon emissions, the market is expected to thrive. The region's focus on cleaner fuels is likely to spur demand for biofuels, presenting new opportunities. Saudi Arabia is anticipated to lead the market, supported by its substantial military expenditure and ongoing modernization of air systems.
The market landscape is characterized by a consolidated group of major players, including Abu Dhabi National Oil Company, World Fuel Services Corp, BP plc, Emirates National Oil Co Ltd LLC, and Saudi Arabian Oil Co. The availability of various grades of aviation turbine fuel, such as JP-8 and Jet B, caters to military aircraft needs. Countries like Iran, Qatar, Saudi Arabia, and the UAE have shown significant military spending, with Saudi Arabia being a key player in the Gulf region. The Royal Saudi Air Force's continuous development and acquisition of modern fighters, along with strategic air defense realignments, underscore the increasing military activities in the region. This trend, coupled with new aircraft additions, is expected to sustain the demand for defense aircraft aviation fuel in the Middle-East and Africa.
Middle-East and Africa Defense Aircraft Aviation Fuel Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Aviation Turbine Fuel (ATF)
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2.1.2 Aviation Biofuel
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2.2 Geography
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2.2.1 United Arab Emirates
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2.2.2 Saudi Arabia
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2.2.3 Rest of Middle-East and Africa
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Middle-East and Africa Defense Aircraft Aviation Fuel Market Size FAQs
What is the current Middle-East and Africa Defense Aircraft Aviation Fuel Market size?
The Middle-East and Africa Defense Aircraft Aviation Fuel Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Defense Aircraft Aviation Fuel Market?
Abu Dhabi National Oil Company, World Fuel Services Corp , BP plc , Emirates National Oil Co Ltd LLC and Saudi Arabian Oil Co are the major companies operating in the Middle-East and Africa Defense Aircraft Aviation Fuel Market.
