U.S. Aviation Gasoline (AVGAS) Market 5.52 CAGR Growth Outlook 2024-2030

Key Insights:

The U.S. Aviation Gasoline (AVGAS) Market size was valued at USD 1.22 USD Billion in 2023 and is projected to reach USD 1.78 USD Billion by 2032, exhibiting a CAGR of 5.52 % during the forecast period. Aviation gasoline (AVGAS) is fuel that is used in piston-engine aircraft. It propels small planes for private and commercial use, agricultural applications, and instruction. AVGAS is primarily available in two types: 100LL (low lead) and 100 (high lead) with 100LL being the most preferred fuel due to its low lead content. Benefits of AVGAS include its high energy density and the ability to function in different weather conditions. The following trends in the U. S. aviation sector illustrate the growing efforts to replace lead with unleaded aviation fuels in response to environmental and health concerns. There are attempts to register and approve unleaded AVGAS versions for safe and environment-friendly flying.

U.S. Aviation Gasoline (AVGAS) Trends:

• Growing air travel and increasing number of private jets
• Rising demand for aviation fuel due to the recovery of the aviation sector post-COVID-19
• Technological advancements in aircraft engines, including the development of more fuel-efficient engines

Driving Forces: What's Propelling the U.S. Aviation Gasoline (AVGAS) Market

• Increasing tourism and business travel
• Growth in the general aviation sector
• Government initiatives to support the aviation industry
• Favorable regulatory environment

Challenges and Restraints in U.S. Aviation Gasoline (AVGAS) Market

• Fluctuating oil prices
• Environmental concerns and regulations
• Competition from alternative fuels, such as jet fuel and biofuels
• Safety and security issues related to aviation fuel handling and storage

Emerging Trends in U.S. Aviation Gasoline (AVGAS)

• Development of lead-free AVGAS
• Use of biofuels and sustainable aviation fuels
• Digitalization of the aviation fuel supply chain
• Remote monitoring and predictive analytics for fuel management

Growth Catalysts in U.S. Aviation Gasoline (AVGAS) Industry

• Government investments in infrastructure development
• Technological advancements in aircraft design
• Rising disposable income and increasing demand for leisure travel
• Growing demand for air cargo services

Market Segmentation: U.S. Aviation Gasoline (AVGAS) Analysis

Grade: 

• 100LL
• 91/96UL
• 80/87
• Others 

Application: 

• Private aircraft
• Commercial aircraft 
• Military aircraft

Leading Players in the U.S. Aviation Gasoline (AVGAS) Market

• ExxonMobil 
• Shell 
• BP Plc 
• Total 
• Vitol Group 
• Phillips 66 
• Chevron Corporation 
• Repsol 
• Avfuel Corporation 
• EPIC Fuels 

Significant developments in U.S. Aviation Gasoline (AVGAS) Sector

• October 2022: Jet Luxe declared impressive growth in the Americas. The company claimed its major expansion in the U.S. and the rest of the world. Highlights comprise a supplementary addition of 8 jets to the global and U.S.-based fleet.
• February 2022: The FAA joined the petroleum and aviation sector participants to announce an inclusive public-private collaboration for transitioning to lead-free aviation fuels for piston-engine aircraft by 2030.
• March 2021: NovaJet, one of the key companies in the aircraft charter business, reinforced its presence by opening its base in the Waterloo International Airport region.

Comprehensive Coverage U.S. Aviation Gasoline (AVGAS) Market Report:

• Methodology: Primary and secondary research, including interviews with industry experts, market participants, and regulatory bodies
• Assumptions: Economic and political stability, no major technological breakthroughs, and no major changes in government regulations
• Limitations: Data availability and market volatility may impact the accuracy of the forecast
• Disclaimer: The report is based on the best available information at the time of publication and is subject to change without notice