The global manufacturing, distribution, and trade of kerosene, a light petroleum distillate that is mostly obtained from the refining of crude oil but can also be obtained from coal, wood, or shale, are all included in the kerosene market. Kerosene is known for its versatility and is used in a wide range of applications, such as chemical feedstocks, airplane fuel (Type 1-K jet kerosene), home heating through cookstoves and lamps, and agricultural equipment. The aviation industry dominates this market due to increased air traffic and socioeconomic growth. According to Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 and Maharatna company, it has announced the launch of Low Smoke Superior Kerosene Oil (SKO) for the Indian Army in Jammu, becoming the first OMC to supply LSLA grade SKO to improve high-altitude operational conditions. The expansion of the aviation industry and technological developments in fuel efficiency are major factors driving the growth of the kerosene market. The grade of kerosene used in the aviation sector is marginally higher than that of kerosene used in other applications. The need for kerosene has grown in tandem with the increase in air travel in recent years, propelling the kerosene market.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Kerosene market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
BP Total Shell
Our expert team is consistently working on updated data and information on the key player's related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Type
- Type 1-K
- Type 2-K
By Application
- Aviation
- Chemicals
- Agriculture
- Others
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In January 2023, AIR COMPANY announced the launch of a new phase in its collaboration with NASA, backed by direct funding through a NASA Small Business Technology Transfer (STTR) award, advancing the development of carbon-negative rocket fuel for space applications on Earth, Mars, and beyond.
Regional Analysis for Kerosene Market:
✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the Kerosene market?
➥ What is the market growth rate of the Kerosene market?
➥ What are the Kerosene market opportunities and threats faced by the vendors in the global Kerosene Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Kerosene market?
➥ What are the different sales, marketing, and distribution channels in the global industry?
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