The global aviation gasoline (Avgas) market is projected to reach $18.8 billion by 2031, with a CAGR of 4.2% from 2022 to 2031, according to a report by Forbes magazine. Avgas is commonly used as fuel for piston engine aircraft and is highly flammable. The market has seen a shift towards a single grade, Avgas 100/130, due to declining demand in other grades.
One of the major factors driving the aviation gasoline market is the utilization of small aircraft for various purposes. The demand for piston engine aircraft is expected to grow in sectors such as lеarning for flight schools, research expeditions, island tourism, aviation rallies, aviation safaris, rescue missions, emergency medical services, private flights, firefighting, and agricultural crop spraying.
The demand for light aircraft for activities such as sightseeing, photography, and tourism has also increased, leading to a rise in sales of piston engine aircraft. Sporting activities such as aerobatics, air rallies, and air racing have also gained popularity, further driving the demand for aviation gasoline. The General Aviation Manufacturers Association (GAMA) reported an increase in sales of piston engine aircraft from 1,137 in 2019 to 1,213 in 2021.
The aviation gasoline market is segmented by grade type, aircraft type, application, and region. The major grade types include Avgas 100, Avgas 100 LL, and others, with Avgas 100/130 being the dominant grade in the market. In terms of application, the market is categorized into civil, military, sports and recreational, and others.
Geographically, North America dominated the aviation gasoline market in 2021, but Asia-Pacific is expected to grow at a higher CAGR due to increasing demand from emerging economies in the region.
