This market research report presents the segmentation of the jet fuel additives market by application (passenger and freighter aircrafts and cargo aircrafts) and by geography (APAC, EMEA, North America, and ROW). The key vendors analyzed in this market analysis report are Afton, BASF, GE, Innospec, and Nalco.
Technavio has released new market research report, global jet fuel additives market, which is expected to grow at a CAGR of 7% between 2015 and 2019. The lower oil prices and the need for fuel efficient aircrafts are the key drivers behind the growth of this market. The use of high-performance additives helps in reducing the costs of maintenance, reduce coking issues and provide optimum high-performance gas turbines. EMEA leads the global market for jet fuel additives, occupying around 38% of the overall market share. This region is expected to provide an excellent opportunity for cold flow improver suppliers to address the growing cold weather problems.
“Of late, the application of synthetic jet fuels is gaining traction in this market, owing to their zero sulfur and aromatics contents. Synthetic fuels have outstanding low-temperature properties and help in reducing the particulate exhaust emissions. As these fuels have very good performance, they can easily be used to supplement current jet fuel supplies with synthetic-derived fuel,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
Some of the most commonly used jet fuels for commercial aviation are Jet A and Jet A-1.The only other type of jet fuel that is commonly used in civilian turbine engines is Jet B, which is used during extremely cold temperatures.
The leading vendors in the global jet fuel additives market include Afton, BASF, GE, Innospec and Nalco. Providers in this market in terms of distribution and reach. The market is predicted to witness an increased influx of vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Global Jet Fuel Additives Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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