This report titled “Kerosene (Jet A-1) Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2030” offers strategic insights into the trends in kerosene (Jet A-1) market along with the market size and forecast for the duration 2011 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on geographical distribution.
The global kerosene (Jet A-1) market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America and Asia Pacific.
North America is projected to be the largest region in global kerosene (Jet A-1) market during the forecast period. High adaptability of commercial air travel along with increasing demand for air cargo in the region is anticipated to fuel the demand for kerosene (Jet A-1) over the forecast period. Followed by it, Asia pacific is expected to be the second largest and fastest growing market in global kerosene (Jet A-1) market. China and India are the largest consumer in the region and projected to witness robust growth during the forecast period (2016-2030). Rapid growth in disposable income and growing demand for air carriers in the region is projected to drive the demand for kerosene (Jet A-1) fuel during the forecast period. Other countries such as Indonesia, Philippines, Malaysia, Vietnam and Sri Lanka are also projected to witness high growth in consumption of jet fuel over the forecast period. Europe is expected to witness steady growth in the consumption of kerosene (Jet A-1) over the forecast period (2016-2030).