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Aviation Fuel Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 143
  • SKU: IRTNTR40657
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The aviation fuel market share is expected to increase by USD 44.77 billion by 2026 at an accelerating CAGR of 4.29%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches

This aviation fuel market research report extensively covers aviation fuel market segmentation by product (ATF and aviation biofuel) and geography (APAC, Europe, MEA, North America, and South America).

The aviation fuel market vendors studied and compiled in the report include BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp., Petróleo Brasileiro SA, PJSC Gazprom, Royal Dutch Shell Plc, and TOTAL SA. among others.

What will the Aviation Fuel Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Aviation Fuel Market Size for the Forecast Period and Other Important Statistics

 

Aviation Fuel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in the number of aircraft is notably driving the aviation fuel market growth, although factors such as the fluctuations in oil and gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aviation fuel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aviation Fuel Market Driver

  • One of the key factors driving the aviation fuel market growth is the increase in the number of aircraft.
  • This is attributed to the significant increase in the number of people using aircraft.
  • Considering the growing number of air passengers, air transport service providers are focusing on deploying a greater number of aircraft.
  • The demand for aircraft is anticipated to increase significantly in APAC during the forecast period, especially due to increasing air traffic in developing countries such as China and India.
  • The number of people in the middle-income group will also increase substantially over the forecast period, and their purchasing power will also increase.
  • Hence, the increase in the number of aircraft and air passengers will drive the growth of the global aviation fuel market in the forecast years.

Key Aviation Fuel Market Trend

  • Increased focus on biofuel by the EU is one of the key aviation fuel market trends that is expected to impact the industry positively in the forecast period. 
  • The EU started focusing on biofuels for the aviation industry to reduce the carbon footprint of aircraft.
  • Some targets and policy instruments related to biofuel have already been implemented by the EU.
    • For instance, the Renewable Energy Directive (RED) sets a goal of achieving 20% gross energy consumption from renewable sources by 2020.
    • To achieve this objective, the EU has allotted different renewable energy targets to member states, ranging from 10% to Malta to 49% to Sweden.
    • Each member state is required to have at least 10% of its transport fuel from renewable resources by 2020.
  • Such initiatives will further support the market growth n the coming years.

Key Aviation Fuel Market Challenge

  • One of the key challenges to the global aviation fuel market growth is the fluctuations in oil and gas prices.
  • Since July 2014, the crude oil prices was low for a prolonged period. The prices have declined continuously due to a supply-demand gap.
  • The revenues of upstream oil and gas companies have decreased, which has directly affected their cash flow.
  • For the downstream sector, the cost of raw materials, crude oil, reduced, which decreased their operating cost substantially and increased the profit margin for companies.
  • Thus, such factors may limit the market growth in the coming years.

This aviation fuel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global aviation fuel market as a part of the global coal and consumable fuels market within the global coal market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aviation fuel market during the forecast period.

Who are the Major Aviation Fuel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BP Plc
  • Chevron Corp.
  • Exxon Mobil Corp.
  • Hindustan Petroleum Corp. Ltd.
  • Honeywell International Inc.
  • Marathon Petroleum Corp.
  • Petróleo Brasileiro SA
  • PJSC Gazprom
  • Royal Dutch Shell Plc
  • and TOTAL SA.

 

This statistical study of the aviation fuel market encompasses successful business strategies deployed by the key vendors. The aviation fuel market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • BP Plc - The company offers aviation fuels such as jet fuel, avgas, UL91, and sustainable aviation fuel.

  • Royal Dutch Shell Plc - The company offers JP4 military jet fuel, JP8 military jet fuel, JP S military jet fuel, Jet A1 Civil jet fuel, Jet A civil jet fuel, Jet B civil jet fuel, TS 1 civil jet fuel, AVgas 100, AVgas 100LL, and Avgas 82 UL.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aviation fuel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aviation Fuel Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aviation fuel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aviation Fuel Market?

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47% of the market’s growth will originate from APAC during the forecast period. China is the key market for aviation fuel in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing concerns of volatile crude oil prices, energy consumption, and population density, which have led to severe energy insecurities in many countries will facilitate the aviation fuel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 severely disrupted the economy of the region. The COVID-19 pandemic severely impacted APAC countries such as India, China, Australia, Malaysia, and Japan. The outbreak adversely impacted various industrial activities in APAC. Governments of different countries across the region put several measures to control the spread of the disease. However, all industrial sectors started to show signs of recovery from 2021 onward as the number of COVID-19 cases started to decrease. The growth in capital spending by airline carriers is expected to increase the demand for aviation fuel, which, in turn, will positively impact the growth of the market in the region during the projected period.

What are the Revenue-generating Product Segments in the Aviation Fuel Market?

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The aviation fuel market share growth by the ATF segment will be significant during the forecast period. ATF is used extensively across the world. Thus, the significant increase in the number of airlines will drive the growth of the global ATF market in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aviation fuel market size and actionable market insights on post COVID-19 impact on each segment.

 

Aviation Fuel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.29%

Market growth 2022-2026

USD 44.77 billion

Market structure

Fragmented

YoY growth (%)

3.93

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

APAC at 47%

Key consumer countries

China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp., Petróleo Brasileiro SA, PJSC Gazprom, Royal Dutch Shell Plc, and TOTAL SA.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aviation Fuel Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive aviation fuel market growth during the next five years
  • Precise estimation of the aviation fuel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aviation fuel industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aviation fuel market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 ATF - Market size and forecast 2021-2026
      • Exhibit 28: Chart on ATF - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on ATF - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on ATF - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on ATF - Year-over-year growth 2021-2026 (%)
    • 5.4 Aviation biofuel - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Aviation biofuel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Aviation biofuel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Aviation biofuel - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Aviation biofuel - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 BP Plc
              • Exhibit 93: BP Plc - Overview
              • Exhibit 94: BP Plc - Business segments
              • Exhibit 95: BP Plc - Key offerings
              • Exhibit 96: BP Plc - Segment focus
            • 10.4 Chevron Corp.
              • Exhibit 97: Chevron Corp. - Overview
              • Exhibit 98: Chevron Corp. - Business segments
              • Exhibit 99: Chevron Corp. - Key news
              • Exhibit 100: Chevron Corp. - Key offerings
              • Exhibit 101: Chevron Corp. - Segment focus
            • 10.5 Exxon Mobil Corp.
              • Exhibit 102: Exxon Mobil Corp. - Overview
              • Exhibit 103: Exxon Mobil Corp. - Business segments
              • Exhibit 104: Exxon Mobil Corp. - Key offerings
              • Exhibit 105: Exxon Mobil Corp. - Segment focus
            • 10.6 Gazprom
              • Exhibit 106: Gazprom - Overview
              • Exhibit 107: Gazprom - Business segments
              • Exhibit 108: Gazprom - Key news
              • Exhibit 109: Gazprom - Key offerings
              • Exhibit 110: Gazprom - Segment focus
            • 10.7 Gevo Inc.
              • Exhibit 111: Gevo Inc. - Overview
              • Exhibit 112: Gevo Inc. - Business segments
              • Exhibit 113: Gevo Inc. - Key offerings
              • Exhibit 114: Gevo Inc. - Segment focus
            • 10.8 Honeywell International Inc.
              • Exhibit 115: Honeywell International Inc. - Overview
              • Exhibit 116: Honeywell International Inc. - Business segments
              • Exhibit 117: Honeywell International Inc. - Key news
              • Exhibit 118: Honeywell International Inc. - Key offerings
              • Exhibit 119: Honeywell International Inc. - Segment focus
            • 10.9 Marathon Petroleum Corp.
              • Exhibit 120: Marathon Petroleum Corp. - Overview
              • Exhibit 121: Marathon Petroleum Corp. - Business segments
              • Exhibit 122: Marathon Petroleum Corp. - Key news
              • Exhibit 123: Marathon Petroleum Corp. - Key offerings
              • Exhibit 124: Marathon Petroleum Corp. - Segment focus
            • 10.10 Oil and Natural Gas Corp. Ltd.
              • Exhibit 125: Oil and Natural Gas Corp. Ltd. - Overview
              • Exhibit 126: Oil and Natural Gas Corp. Ltd. - Business segments
              • Exhibit 127: Oil and Natural Gas Corp. Ltd. - Key offerings
              • Exhibit 128: Oil and Natural Gas Corp. Ltd. - Segment focus
            • 10.11 Shell plc
              • Exhibit 129: Shell plc - Overview
              • Exhibit 130: Shell plc - Business segments
              • Exhibit 131: Shell plc - Key news
              • Exhibit 132: Shell plc - Key offerings
              • Exhibit 133: Shell plc - Segment focus
            • 10.12 TotalEnergies SE
              • Exhibit 134: TotalEnergies SE - Overview
              • Exhibit 135: TotalEnergies SE - Business segments
              • Exhibit 136: TotalEnergies SE - Key news
              • Exhibit 137: TotalEnergies SE - Key offerings
              • Exhibit 138: TotalEnergies SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 139: Inclusions checklist
                • Exhibit 140: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 141: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 142: Research methodology
                • Exhibit 143: Validation techniques employed for market sizing
                • Exhibit 144: Information sources
              • 11.5 List of abbreviations
                • Exhibit 145: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              The aviation fuel market growth will increase by $44.77 billion during 2022-2026.
              The aviation fuel market is expected to grow at a CAGR of 4.29% during 2022-2026.
              Technavio has segmented the aviation fuel market by product (ATF and Aviation biofuel) and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
              BP Plc, Chevron Corp., Exxon Mobil Corp., Gazprom, Gevo Inc., Honeywell International Inc., LanzaTech Inc., Marathon Petroleum Corp., MOL Hungarian Oil and Gas Public Ltd. Co., Neste Corp., Oil and Natural Gas Corp. Ltd., Petroleo Brasileiro SA, PJSC LUKOIL, SG Preston Co., Shell plc, SkyNRG BV, Swedish Biofuels AB, Targray Technology International Inc., TotalEnergies SE, Valero Energy Corp., Vitol Netherlands Cooperatief UA are a few of the key vendors in the aviation fuel market.
              APAC will register the highest growth rate of 46.53% among the other regions. Therefore, the aviation fuel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • India
              • Japan
              • Germany
              The key factors driving the aviation fuel market growth are:
              • Favorable government policies
              • Increased focus on biofuel by the EU
              The aviation fuel market vendors should focus on grabbing business opportunities from the atf segment as it accounted for the largest market share in the base year.
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