Market Size of South America Commercial Aircraft Aviation Fuel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 12.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Commercial Aircraft Aviation Fuel Market Analysis
The commercial aircraft aviation fuel market in South America is expected to grow at CAGR of more than 12% during the forecast period of 2020-2025. The increasing number of air passengers, on account of the cheaper airfare in recent times, stronger economic conditions, and increasing disposable income are few major driving factors for the market. The growing demand for renewable biofuels is likely to drive Aviation Biofuel significantly. However, the recent outbreak of COVID-19 has significantly affected the consumption of aviation fuel in the region. With the closure of international and domestic airlines to curb the spread of the virus, the demand for aviation fuel is expected to decline during the pandemic.
- With increasing connectivity globally and decreasing airfares, the commercial sector is increasing the demand for ATF. With a significant share, ATF is leading the market and is expected to dominate the market during the forecast period.
- South America is one of the leading regions in biofuels. With an increasing shift towards aviation biofuels, significant opportunities are likely to be created in the near future.
- Brazil is the largest consumer of aviation fuels in South America, resulting in dominance in the region. With a growing market, the nation is expected to continue its dominance during the forecast period as well.
South America Commercial Aircraft Aviation Fuel Industry Segmentation
The South America commercial aircraft aviation fuel market report includes:
| Fuel Type | |
| Air Turbine Fuel (ATF) | |
| Aviation Biofuel | |
| AVGAS |
| Geography | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Commercial Aircraft Aviation Fuel Market Size Summary
The South America commercial aircraft aviation fuel market is poised for significant growth, driven by factors such as increasing air passenger numbers, improved economic conditions, and rising disposable incomes. The market is experiencing a shift towards renewable biofuels, creating substantial opportunities in the aviation biofuel sector. Despite the challenges posed by the COVID-19 pandemic, which led to a temporary decline in aviation fuel demand due to airline closures, the market is expected to recover and expand. Brazil stands out as the largest consumer of aviation fuels in the region, with a strong focus on developing renewable fuels from sugarcane, potentially replacing traditional jet fuel. The country's strategic initiatives, such as the Open Skies agreement with the U.S., are expected to positively impact the aviation fuel market.
The demand for air turbine fuel (ATF) is on the rise, supported by increasing global connectivity and decreasing airfares. Brazil's dominance in the region is reinforced by its stable aviation fuel sales and growing passenger numbers, attributed to enhanced city-pair connections. Other countries like Chile, Argentina, and Colombia are also witnessing growth in their aviation sectors, contributing to the overall market expansion. The South America commercial aircraft aviation fuel market is moderately fragmented, with key players including Petroleo Brasileiro S.A., BP PLC, Royal Dutch Shell PLC, Total SA, and Repsol SA. As the market recovers from the pandemic's impact, it is expected to experience sustained growth, driven by rising air travel demand and strategic industry developments.
South America Commercial 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 Demand Forecast in USD billion, till 2025
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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 Air Turbine Fuel (ATF)
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2.1.2 Aviation Biofuel
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2.1.3 AVGAS
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2.2 Geography
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2.2.1 Brazil
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2.2.2 Argentina
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2.2.3 Colombia
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2.2.4 Rest of South America
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South America Commercial Aircraft Aviation Fuel Market Size FAQs
What is the current South America Commercial Aircraft Aviation Fuel Market size?
The South America Commercial Aircraft Aviation Fuel Market is projected to register a CAGR of greater than 12% during the forecast period (2024-2029)
Who are the key players in South America Commercial Aircraft Aviation Fuel Market?
Petroleo Brasileiro S.A., Repsol SA, BP PLC , Royal Dutch Shell PLC and Total SA are the major companies operating in the South America Commercial Aircraft Aviation Fuel Market.
