Allied Market Research Published Latest Report, titled, “Jet Kerosene Market by Type, Application, Industry Vertical and Region: Global Opportunity Analysis and Industry Forecast, 2022–2030” provides a comprehensive study of the global Jet Kerosene Market along with an analysis of dynamic growth factors, challenges, constraints, and opportunities. Moreover, the report offers detailed insight regarding leading market players and their business strategies that could help new market entrants, shareholders, and stakeholders to make informed business decisions.
Air traffic is anticipated to increase considerably in the near future, as consumers’ travel tastes have begun to shift toward airlines as a result of socio-economic growth and rise in disposable income. As a result, the frequency of airplanes is likely to surge, and the demand for jet kerosene is expected to increase as well in the coming years. Furthermore, expansion in airline liberalization is expected to surge the demand for jet kerosene in the long run, ensuring increased connection services. The global aviation industry is anticipated to experience growth in GDP, development, and productivity, as well as greater aviation connectivity, resulting in high demand for jet kerosene around the world. However, increased airline rivalry is projected to result in competitive service pricing, which is expected to limit the growth of the global jet kerosene (fuel) market.
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The report includes detailed analysis includes an in-depth study of drivers, restraints, challenges, and opportunities. This study helps new market entrants, shareholders, and stakeholders to understand the dynamic factors that drive the market growth and help them make informed decisions.
The Jet Kerosene Market report includes Porter’s five forces analysis, SWOT analysis, and Pestel analysis that provides industry-related data and valuable information in tabular format. The SWOT analysis is vital to understand the positive and negative attributes of the Jet Kerosene Market. On the other hand, Porter’s five analysis and Pestel’s analysis focuses on which factors can benefit the company and help in the long term.
Furthermore, the report highlights upstream raw materials, downstream customer surveys, marketing channels, and industry development trends that offer valuable information regarding leading manufacturing equipment suppliers, raw materials suppliers, major distributors, and major customers.
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Market Trends
- Qatar Petroleum (QP) and Qatar Fuel (WOQOD) have signed a Jet Fuel Product Sale & Purchase Agreement, which includes the contracting terms and conditions, as well as the product pricing mechanism for all stakeholders.
- Bharat Petroleum Corporation Limited (BPCL), India’s second largest oil marketing firm, has bought a 36.6 percent share in the Bharat Oman Refinery Ltd from its partner OQ, Oman’s national oil corporation (BORL). With the purchase of OQ’s entire investment in BORL, BPCL has taken control of the company.
- Air BP has acquired the aviation fuel business of Statoil Fuel & Retail Aviation AS (SFR Aviation) from Alimentation Couche-Tard Inc. in Canada. Air BP’s 600-strong worldwide fuels network has gained roughly 73 more airports in the Nordic nations and Northern Europe as a result of the purchase.
- Noble Energy, Inc. was bought by Chevron Corporation. Noble’s high-quality assets are projected to complement Chevron’s competitive upstream portfolio, resulting in significant financial gains.
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Jet Kerosene industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Oil Corporation Ltd., Qatar Jet Fuel Co., Valero Marketing and Supply Co., Allied Aviation Services Inc., Bharat Petroleum, Propel Holdings Ltd, Trans Oil, Air BP, Chevron, Exxon Mobil, Shell. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Key Benefits of the Report
- This study presents the analytical depiction of the jet kerosene industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Jet kerosene market share.
- The current market is quantitatively analyzed from 2022 to 2030 to highlight the jet kerosene market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Jet kerosene market analysis based on competitive intensity and how the competition will take shape in coming years
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