According to the report by Expert Market Research (EMR), the global aviation gasoline (Avgas) market size is projected to grow at a CAGR of 4.80% between 2024 and 2032. Aided by the evolving landscape of the aviation industry and the specific fuel needs of piston-engine aircraft, the market is expected to grow significantly by 2032.
Aviation gasoline, commonly known as Avgas, is a specialised type of petroleum-based fuel used to power piston-engine aircraft. Unlike jet fuel, which is used in turbine engine aircraft, Avgas has a higher octane rating to prevent engine knocking and ensure smooth operation under varying flight conditions. Avgas is a critical component in the aviation industry, particularly for training, recreational flying, and in certain commercial operations involving piston-engine aircraft.
The demand for Avgas is closely tied to the health of the general aviation sector. This sector includes a wide range of aircraft, from small trainers and private planes to larger, more sophisticated piston-engine models used in commercial operations. The aviation gasoline (Avgas) market growth is significantly driven by the increasing number of flight training schools globally, as Avgas-powered aircraft are predominantly used for pilot training. The resurgence of recreational flying and the increasing use of piston-engine aircraft in commercial operations further contribute to the demand for Avgas.
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Environmental concerns and regulatory policies also catalyse the aviation gasoline (Avgas) market demand. There is a growing focus on reducing the lead content in Avgas, as leaded gasoline poses significant environmental and health risks. This has led to increased investment in research and development for unleaded Avgas alternatives, which are expected to gain traction in the coming years.
The aviation gasoline (Avgas) market outlook is also influenced by the fluctuating prices of crude oil, as they directly impact the cost of aviation gasoline. Additionally, advancements in piston engine technology and the development of more fuel-efficient engines are key factors that could potentially reshape the Avgas market dynamics.
North America is a dominant player in the Avgas market, primarily due to the large number of general aviation aircraft in the region and the presence of major Avgas manufacturers and suppliers. Europe also holds a significant share of the market, with a focus on environmental sustainability driving the demand for cleaner Avgas alternatives.
Aviation Gasoline (Avgas) Market Segmentation
The market can be divided based on end use and region.
Market Breakup by End Use
- Private
- Commercial
- Military
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Aviation Gasoline (Avgas) Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aviation gasoline (Avgas) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Royal Dutch Shell Plc
- Indian Oil Corporation Limited
- Exxon Mobil Corporation
- TotalEnergies
- Phillips 66 COMPANY
- Repsol
- Others
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