Asia Pacific $205+ Billion Aviation Fuel Market Trends, Competitive Landscape, Forecasts & Opportunities, 2019-2023 & 2024-2029 [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Country, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering. The Asia Pacific Aviation Fuel Market was valued at USD 117.45 Billion in 2023 and is expected to reach USD 205.74 Billion by 2029 with a CAGR of 9.63% during the forecast period. The Asia-Pacific aviation fuel market is experiencing significant growth, driven by the region's expanding aviation industry and increasing air passenger traffic. The market comprises various fuel types, including Jet A1, Jet A, and sustainable aviation fuels (SAFs). With rising environmental concerns and stringent emission regulations, the adoption of SAFs is expected to gain momentum in the coming years. Countries like China, India, and Japan are playing pivotal roles in this growth, with China emerging as the largest consumer of aviation fuel due to its rapidly growing commercial aviation sector. India is also experiencing a surge in demand, driven by increasing middle-class income
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