Jet Fuel Oil Market

Jet fuel, also known as aviation turbine fuel (ATF) or avatar, is a type of aviation fuel used in aircraft powered by gas turbine engines. It has a clear to straw-colored appearance and a slightly lower density than water. Jet fuel is kerosene that has been treated with additives to prevent freezing and corrosion of fuel system components and improve combustion.

The global jet fuel oil market was worth USD XX million in 2019 and is expected to be worth USD XX million by 2031, growing at a CAGR of **% over the forecast period. The market is being driven by rising demand for air travel as well as an increase in the number of airlines operating in the market. Furthermore, rising disposable incomes are playing an important role in driving the market growth.

Jet fuel oil is a complex mixture of hydrocarbons derived from crude petroleum distillation. It is used to power aircraft using aviation turbine fuel. Jet fuel oils generally meet ASTM International, or the International Air Transport Association are used to power aircraft using aviation turbine fuel. Jet fuel oils generally meet ASTM International or the International Air Transport Association (ICAO) specifications. Commercial aviation and military aviation are the two most important end-use segments for jet fuel oil.

Air BP, Shell, Exxon Mobil, Chevron, Gazprom, Total, Phillips 66, Honeywell UOP, Neste Oil, SATORP, Hascol Petroleum, JSC Ukrtatnafta, Qatar Jet Fuel Company, and Hengli Petrochemical are among the major players in the global jet fuel oil market.