The global aviation fuel additives market is projected to attain a valuation of USD 940.82 million in 2023 and is expected to reach USD 1730.9 million by 2033, trailing a CAGR of 6.2% during the forecast period.
Growing demand for aviation fuel additives which are typically used in commercial and military aircraft fuel is expected to drive the market. Also, the demand for aviation fuel additives is expected to rise due to growing demand from the aviation industry. These fuel additives are extensively utilized to enhance the quality and performance of aviation fuels.
The increasing emphasis on fuel efficiency, emission reduction, and engine performance is leading to rising demand for effective fuel additives. Moreover, environmental concerns regarding pollution resulting from the combustion of fossil fuels have further spurred the development of bio-based fuel additives, contributing to the market's revenue growth.
The implementation of stringent government laws and standards worldwide, particularly regarding emissions and fuel efficiency, is fueling the need for aviation fuel additives. For instance,
The demand for aviation fuel additives is further expected to be driven by the increasing demand for gasoline additives in countries like China, India, and Brazil, among others. The rise in disposable income in these regions has led to an increased need for vehicles and equipment, consequently driving the demand for gasoline additives in the automotive and industrial sectors.
The development of advanced fuel additives technologies, such as deposit control additives, cetane improvers, lubricity improvers, cold flow improvers, and others, is anticipated to contribute to the market's revenue growth. Key players are emphasizing research and development (R&D) activities and making investments to introduce cutting-edge fuel additives, addressing the growing need for such additives.
| Report Attributes | Details |
|---|---|
| Expected Market Value (2023) | USD 940.82 million |
| Anticipated Forecast Value (2033) | USD 1730.9 million |
| Projected Growth Rate (2023 to 2033) | CAGR 6.2% |
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The demand for aviation fuel additives expanded at a 5.5% CAGR between 2018 and 2022. Considering the aviation industries served, demand for aviation fuel additives is uneven depending on international and domestic air transportation.
According to General Aviation Manufacturers Association, piston aircraft shipments increased by 5.5% compared to 2020, totaling 1,393 units; turboprop shipments increased by 19.0%, totaling 527; and business jet shipments increased by 10.2 %, totaling 710 units. Preliminary estimates for aircraft deliveries in 2021 showed a USD 21.6 million increase, a percentage increment of around 7.6%.
The demand for aviation fuel additives is predicted to rise over the assessment period, with a substantial growth rate of 6.2%. Further, the increasing number of commercial flights, along with the growing demand for military aircraft might spur sales of aviation fuel additives.
Commercial flights are increasing owing to economic development, urbanization, and population expansion. The aviation sector is benefiting from an increase in passenger demand for air travel as well as a rise in freight activity. Additionally, the growing preference for air travel as compared to other modes due to comfort and quick travel duration is expected to boost sales.
The introduction of low-cost airlines offering competitive fares across popular locations is also expected to boost fuel consumption which is further anticipated to propel sales of additives. Furthermore, many travelers have been attracted to the amenities offered when traveling. As a result of these factors, demand for aviation fuel additives is expected to increase in the forthcoming years.
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Increasing demand for piston fixed-wing aircraft that can perform low altitude, moderate speed combat is anticipated to create opportunities for growth in the market. Additionally, because of their natural maneuverability, they are highly sought after in private aviation, aircraft racing, and pilot training facilities across the globe.
The most commonly used aviation fuel in piston-engine aircraft is aviation gasoline (avgas). Increasing consumption of avgas is going to eventually spur demand for aviation fuel additives, particularly tetra-ethyl lead (to enhance anti-knock characteristics), antioxidants (to prevent the formation of anti-oxidation and gum products), fuel system icing inhibitors (to prevent ice crystal formation), and static dissipater additives (to curtail the hazardous effects).
Rising Preference for Aircraft Oil Additives in the United States to Augment Growth
According to the USA Energy Information Administration (EIA), total passenger air travel demand is anticipated to recover in 2025 as it was in 2019. Increasing air travel efficiency implies that improvements in jet fuel usage do not always follow the increase in air travel. Further, the demand for aviation fuel additives in the region is expected to rise with a CAGR of 6.1% during the forecast period.
In 2020, many planes went unused and may not return to service because they were converted to dedicated firefighters. Owing to such factors, efficient aircraft might replace these converted aircraft and accelerate the demand for aviation fuel additives.
The United States administration has targeted a 20% reduction in aviation emissions by 2030 that might prompt the usage of sustainable airline fuel (SAF) and supply 3 billion gallons of SAF per year by 2030. Moreover, SAF fuels that include additives, such as ethyl benzene for ring swelling, offer advantages. Material compatibility is going to be crucial for both the near and longer-term. Additionally, the strong desire to reduce aviation emissions is expected to create opportunities for SAF additives manufacturers in the country.
Increasing Investments in the Aviation Sector Expected to Propel Sales of Aviation Fuel Additives
The International Air Transport Association (IATA) projects that by 2030, India is expected to become the third-largest air passenger market in the world after China and the United States. India is expected to account for over 24.6% market share by the end of the forecast period. The sales of aviation fuel additives in the region are expected to rise with a CAGR of 6.3% during the forecast period.
The aviation industry has benefited from strong competition among low-cost carriers, infrastructure development at main airports, and governmental frameworks that are favorable to the aviation industry.
The nation now has 130 operational airports, comprising 10 custom, 91 domestic, and 29 international airports. It has become essential to expand airport infrastructure to accommodate the rising demand for air travel. The demand for air travel is expected to boost sales of aviation fuel additives.
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Sales of Aviation Fuel Additives for Military Aircraft Expected to Remain High
For many years, the commercial aircraft industry has been the dominant market for jet fuel additives. Further, the aerospace sector is supported by rising passenger demand for air travel and increased freight activity. The sales of aviation fuel additives for military aircraft are expected to rise with a CAGR of 7% during the forecast period.
The need for cutting-edge military aircraft with multi-mission capability is still being driven by political conflicts and territorial disputes. Additionally, a few nations are aiming to update their fleets by swapping older models with more recent versions that cost less to operate and maintain.
To accomplish the requirements of military aircraft, aviation fuel additives such as corrosion inhibitors and fuel system icing inhibitors are used. With the potential concern of rust or ice crystal formation, they are mandatory to use in military jets.
Start-ups are crucial in identifying growth prospects and fostering industry growth, thanks to their ability to efficiently convert inputs into outputs and adapt to volatile market conditions. Within the aviation fuel additives market, numerous start-ups are actively involved in manufacturing and offering related services.
The market for aviation fuel additives is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.
The key industry players operating in the market are Afton Chemical Corporation, BASF SE, Dorf-Ketal Chemicals India Pvt., Ltd., Hammonds, Meridian Fuels, Nalco and Ecolab Company, Shell Chemicals LP, The Chemours Company, Biobor Fuel Additives, Nexeo Solutions, Innospec Chemical Company, and Albemarle Corporation.
Recent Developments in the Aviation Fuel Additives Market
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 940.82 million |
| Market Value in 2033 | USD 1730.9 million |
| Growth Rate | CAGR of 6.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By additive type, By fuel type, By application, By region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Countries Profiled | The United States of America, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, South Africa, Israel |
| Key Companies Profiled | Afton Chemical Corporation; BASF SE; Dorf-Ketal Chemicals India Pvt., Ltd.; Hammonds; Meridian Fuels; Nalco an Ecolab Company; Shell Chemicals LP; The Chemours Company; Biobor Fuel Additives; Nexeo Solutions.; Innospec Chemical Company; Albemarle Corporation |
| Customization | Available Upon Request |
The aviation fuel additives market CAGR for 2033 is 6.2%.
The market is estimated to reach USD 1,730.9 million by 2033.
Key players in the aviation fuel additives market are developing it by introducing innovative technologies.
The market is estimated to secure a valuation of USD 940.82 million in 2023.
Afton Chemical Corporation, BASF SE, and Innospec Inc. are the key aviation fuel additives market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Additive Type 5.1. Dispersants 5.2. Antioxidants 5.3. Anti-Icing 5.4. Corrosion Inhibitors 5.5. Antiknock 5.6. Metal Deactivators 5.7. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fuel Type 6.1. Aviation Gasoline 6.2. Jet Fuel 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Commercial Aircraft 7.1.1. Passenger Aircraft 7.1.2. Cargo Aircraft 7.2. Military Aircraft 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Afton Chemical Corporation 18.2. BASF SE 18.3. Dorf-Ketal Chemicals India Pvt., Ltd. 18.4. Hammonds 18.5. Meridian Fuels 18.6. Nalco an Ecolab Company 18.7. Shell Chemicals LP 18.8. The Chemours Company 18.9. Biobor Fuel Additives 18.10. Nexeo Solutions 18.11. Innospec Chemical Company 18.12. Albemarle Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Aviation Fuel Additives Market
