Aviation Fluid Market

Aviation Fluid Market Outlook (2023 to 2033)

The possibility of flight has long fascinated us. DaVinci's flying inventions, Icarus' wings, and lighter-than-air balloons were just a few of the innovative ideas used to make the dream a reality. But a form of propulsion was what was missing. With the evolution of the internal combustion engine, this became possible. This engine gave people a lightweight, portable source of power that helped them defy gravity.

Throughout this whole aviation has evolved from novelty to necessity. In earlier times these aircraft used to burn the same fuel as that automobiles. Petroleum-based fuels are used to power aviation. This is not by chance; the decision was made in light of petroleum's established benefits. In addition to being easier to handle and disperse than solid fuels, liquid fuels have higher energy contents per unit volume than gases. Liquid hydrocarbons provide the finest balance of energy content, accessibility, and cost among liquids.

These special fluids used in aircraft are generally of higher quality compared to those used in less critical operations. Aviation fuels are also used for road transport and heating as they are a blend of engine oil and hydraulic fluids. These are used in applications to reduce the high risk of explosion caused by high temperatures. Owing to the high fuel efficiency and lower cost of fluid, most military aircraft and commercial airlines use fuel.

Aviation asset managers are responsible for procuring the appropriate types and quantities of aviation fluid required for the organization's aircraft operations. They must ensure that the fluids meet the necessary safety and performance standards and are sourced from reliable and reputable suppliers.

What are the factors impelling growth in this market?

Aircraft consume a large amount of fuel to be able to reach their destinations as well as because of their heavy weight. During take-off and landing, the power of the aircraft is at its peak, due to which it consumes a higher amount of fuel. In commercial aircraft, electric batteries are mainly used for energy storage. Aircraft fluids are of two types, namely jet fuel, and avgas. Jet fuel is a straw-colored fuel.

Naphtha kerosene or unleaded kerosene are two types of jet fuels. Jet fuel is similar to diesel and can be used in either turbine engines or compression ignition engines. Avgas fuels are mostly used in aircraft. Avgas fuels are also used in cars as well as several military vehicles. They are environmentally friendly and safe and their performance is predictable.

Increased air travel demand is fostering demand for aviation fuels.

International and domestic air transport has seen a tremendous rise in the past few years. Due to rising personal incomes and growing traveling expenses by people. The decreased price of air transports and increased frequency of flights are factors favorable to the rise in the aviation industry in the forecast period 2023- 2033.

As a result of rising population demand transport, energy automation, and aviation are anticipated to notice skyrocketing growth in upcoming years. This is attributed to opening a plethora of opportunities for manufacturers to innovate and research fuel options.

Technical Innovation has played a crucial role in the growth of aircraft fuels.

Technical innovation played a significant role in this growth's acceleration. The primary breakthroughs were the introduction of wide-bodied aircraft and high by-pass engines in 1970, turbo propeller aircraft in the early 1950s, transatlantic jets in 1958, and subsequently, sophisticated avionics.

Since these fluids perform the primary function of creating of power needed by the aircraft the energy content and quality of fluid are key properties for performance. Other significant aspects involve stability, lubricity, and volatility.

Fluid coolers, also known as heat exchangers, are used in aviation to regulate the temperature of various fluids, including fuel, oil, and hydraulic fluid. The cooling process helps to prevent these fluids from overheating, which can lead to damage or failure of aircraft systems.

What are key trends anticipated to unfold novel possibilities?

Sustainable Aviation Fuel(SAF) to Open Plethora of Opportunity in Forecast Period

International Aviation Transport Association estimated sustainable aviation fuels will amount to around 65% of the decline in aviation emissions while it’s anticipated to reach net zero by 2050.

At present, commercial aviation uses SAF, a liquid fuel that can cut CO2 emissions by up to 80%. It can be made from a variety of sources majorly of feedstock such as leftover fats and oils, green waste, discarded plants, and non-food crops.

It can also be created artificially using a method that pulls carbon out of the air. It is "sustainable" since the raw feedstock doesn't threaten food production, water supply, or the health of the forest. In contrast to fossil fuels, which release carbon that was previously sequestered, SAF recycles the CO2 that has been absorbed throughout the course of the life of the biomass utilized as the feedstock.

Key market Players

Some of the major key players in the market are:

• Gazprom
• Chevron
• Royal Dutch Shell
• HPCL
• Air BP
• Exxon Mobil
• LanzaTech
• Neste Oil
• Primus Green Energy
• SkyNRG
• Solazyme

Regional Outlook

From 2015 to 2022 the aviation sector revenue is dominated by the North American region. By 2028, Europe is anticipated to be a significant source of revenue. The market in China, India, and other parts of Asia Pacific is anticipated to expand during the forecast period as a result of the expansion of these countries' economies, rising standards of living, and improvement of their infrastructure.

The need is expanding in other regions like the Middle East and Africa. Overall the demand in the North America and Asia Pacific regions is expected to increase globally due to the growing industry, infrastructure development as well as innovation of new technologies in the coming years.

Recent Development

• March 2023- Air BP announced its first sale of ISCC EU aviation fuel. It’s the first sustainable fuel launched by the brand.
• April 2022- Chevron a leading aviation fuel manufacturer joined the “Clean Skies for Tomorrow” Coalition with the intent to reduce the carbon intensity of aviation.
• January 2022- Gazprom acquired 51% of the share of the fuelling complex of Osh International Airport in Kyrgyzstan. The newly established company will offer "in-wing" fuelling for local and foreign flights at the country's second-busiest airport.

Segmentation

• Based on the fuel type :

  • Conventional
  • Emerging

• Based on the product type :

  • ATF
  • Aviation Biofuel

• Based on the application :

  • Military
  • Commercial
  • UAV

• Based on the components :

  • Fuel Filters
  • Fuel Gauges
  • Piping
  • Inerting Systems
  • Fuel Valves
  • Fuel Control Monitoring Systems

• Based on the engine type :

  • Helicopter Engine
  • UAV Engine
  • Turboprop Engine
  • Jet Engine

• Based on the Regions :

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)