The latest market report published by Credence Research, Inc. The global demand for Aviation Fuel was valued at USD 251484.5 Million in 2022 and is expected to reach USD 717381.2 Million in 2030, growing at a CAGR of 14.00% between 2023 and 2030.
The aviation industry has always been a symbol of human progress, connecting people and cultures across the globe. However, this industry heavily relies on one crucial element: aviation fuel. The aviation fuel market is witnessing a steady climb in demand, driven by several factors ranging from the resurgence of air travel to the increasing adoption of more fuel-efficient aircraft.
After facing the turbulence caused by the COVID-19 pandemic, the aviation industry is making a remarkable recovery. People are once again taking to the skies for business and leisure travel. This resurgence has led to a surge in demand for aviation fuel as airlines expand their operations and reactivate their fleets.
With a growing global population and increased urbanization, the number of air travelers continues to rise. Emerging economies are experiencing a burgeoning middle class with the means and desire to explore the world. This trend translates into higher demand for aviation fuel as airlines strive to meet the needs of a larger passenger base.
Browse the Full Report: https://www.credenceresearch.com/report/aviation-fuel-market