Aviation Gasoline (Avgas) Market Size to Record 5.19% CAGR Over 2023-2030; Expansion of Business Aviation Sector to Augment Market Growth

The aviation gasoline (Avgas) market size touched USD 2.26 billion in 2022 and is predicted to reach USD 2.42 billion in 2023. The market is anticipated to touch USD 3.46 billion by 2030, recording a CAGR of 5.19% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Aviation Gasoline (Avgas) Market Size, Share & COVID-19 Impact Analysis, By End-user (Private, Commercial, and Military), and Regional Forecast, 2023-2030”.

Aviation gas, also known as Avgas, is a type of aviation fuel that is used to power piston-engine aircraft. This fuel is highly inflammable at normal operating temperatures and is determined by its octane rating. Avgas comes in different grades; however, due to the decrease in demand, this fuel has been updated to just one grade – 100/130. The increasing demand for piston-engine airplanes for training, aerial, and sports applications will accelerate the aviation gasoline (Avgas) market growth.

Rapid Decline in Air Travel During COVID-19 Pandemic Decelerated Market Growth

The COVID-19 outbreak slowed market growth as the volume of air travel decreased considerably during this period. Air travel decreased considerably as governments across the world had imposed restrictions on domestic and international travel. This factor caused a major decline in the sales of aviation gasoline (Avgas). However, the post-pandemic era might witness a rise in air traffic volume as more countries are opening up their borders to increase international travel and give a boost to their tourism sector. This scenario is expected to bring the demand for aviation gasoline (Avgas) back to its pre-pandemic levels.

APP Jet Center’s FBO Offers Unleaded AVGAS at California Airport

In May 2023, APP Jet Center revealed that its Fixed Base Operator (FBO) at California’s Hayward Executive Airport (HWD) now supplies Swift Fuels UL94 unleaded aviation fuel among its fuel offerings.

Expansion of Business Aviation Sector to Augment Market Growth

The use of small aircraft for various business purposes is known as business aviation. Business aviation is a part of commercial aviation, wherein customers use airplanes for various commercial purposes. As per statistics by the National Business Aviation Association (NBAA), almost 3% of the private jets registered in the U.S. are utilized by Fortune 500 companies. The remaining 97% are used by non-profit organizations, governments, and small, medium, and large enterprises. This factor is boosting the adoption of gasoline-fueled aircraft, thereby enhancing the demand for aviation gasoline (Avgas).

However, the increasing preference for electric and hybrid aircraft may restrain market growth.

Key Companies to Focus on Contract Extensions to Dominate Market

Leading market players, such as ExxonMobil and Shell are expected to dominate the aviation gasoline (avgas) market share as these companies have a vast global network of large corporations and a wide product range. Some of the other key market participants are increasing their focus on extending their contracts to boost their revenue margins and maintain their top market positions.

Notable Industry Development:

• July 2023 - AV GAS 100 LL, manufactured by Indian Oil’s flagship refinery at Vadodara, India was tested and certified by the Directorate General of Civil Aviation (DGCA). It is a higher-octane avgas that claims to meet the product specifications with superior performance quality standards as compared to imported grades.

List of Key Companies Profiled in the Report:

• ExxonMobil (U.S.)


• Shell (Netherlands)


• BP Plc (U.K.)


• Total (France)


• Repsol (Spain)


• Vitol Group (U.K.)


• Phillips 66 (U.S.)


• Indian Oil Corporation Limited (India)


• Viva Energy Group (Algeria)


• Hjelmco Oil AB (Sweden)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/aviation-gasoline-avgas-market-103446

Further Report Findings:

• North America is predicted to dominate the aviation gasoline (Avgas) market share during the forecast period as the number of private aviation travelers is rising across the U.S. Moreover, the U.S. is one of the key consumers of aviation fuel due to its large fleet of commercial and private flights.


• The market in Europe is also witnessing a notable growth due to the growing preference of people for private and charter aircraft to decrease their travel time.


• Based on end-user, the private segment is predicted to account for the largest market share during the forecast period. The segment’s dominance is due to the growing presence of some of the biggest companies providing private jet charter services in various developing countries. Moreover, the increasing desire to use private aircraft among people to reduce their trip time is another factor that will contribute to the segment’s growth.

Table of Segmentation