Global bunker fuel market will reach $228,800 million by 2032, growing by 5.1% annually over 2022-2032, driven by the escalating demand for international seaborne trade, the rising oil and gas exploration activities in deep offshore areas, the government supports on strengthening geographical border security, and the rising R&D projects to develop clean and eco-friendly fuels.
Highlighted with 81 tables and 81 figures, this 162-page report "Global Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global bunker fuel market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global bunker fuel market in every aspect of the classification from perspectives of Fuel Type, Fuel Grade, Vessel Type, Seller Type, and Region.
Based on Fuel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Very Low Sulfur Fuel Oil (VLSFO)
• High Sulfur Fuel Oil (HSFO)
• Marine Gas Oil (MGO)
• Liquefied Natural Gas (LNG)
• Other Fuel Types
Based on Fuel Grade, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Bunker A
• Bunker B
• Bunker C
By Vessel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Bulk Carriers
• Tankers
• Containers
• General Cargo
• Other Vessel Types
By Seller Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Major Oil Companies
• Leading Independent Sellers
• Small Independent Sellers
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, Norway, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into France, Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Denmark, and Finland)
• APAC (Japan, China, Singapore, India, Malaysia, and Rest of APAC; Rest of APAC is further segmented into South Korea, Australia, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia, Iran, and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Fuel Type, Vessel Type and Seller Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)
BP PLC
Bunker Holding A/S
Chevron Corporation
China COSCO Shipping Corporation Limited
Clipper Oil
Evergreen Marine Corp Taiwan Ltd.
Exxon Mobil Corporation
Fuel Suppliers
Gazprom Marine Bunker LLC
Gulf Agency Company Ltd.
Neste Corporation
Pacific International Lines Pte Ltd.
PJSC (Lukoil Oil Company)
Shell Plc
TotalEnergies SE
World Fuel Services Corporation
Yang Ming Marine Transport Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter's Fiver Forces Analysis 39
3 Segmentation of Global Market by Fuel Type 43
3.1 Market Overview by Fuel Type 43
3.2 Very Low Sulfur Fuel Oil (VLSFO) 45
3.3 High Sulfur Fuel Oil (HSFO) 46
3.4 Marine Gas Oil (MGO) 48
3.5 Liquefied Natural Gas (LNG) 49
3.6 Other Fuel Types 51
4 Segmentation of Global Market by Fuel Grade 52
4.1 Market Overview by Fuel Grade 52
4.2 Bunker A 54
4.3 Bunker B 55
4.4 Bunker C 56
5 Segmentation of Global Market by Vessel Type 57
5.1 Market Overview by Vessel Type 57
5.2 Bulk Carriers 59
5.3 Tankers 60
5.4 Containers 61
5.5 General Cargo 62
5.6 Other Vessel Types 63
6 Segmentation of Global Market by Seller Type 64
6.1 Market Overview by Seller Type 64
6.2 Major Oil Companies 66
6.3 Leading Independent Sellers 67
6.4 Small Independent Sellers 68
7 Segmentation of Global Market by Region 69
7.1 Geographic Market Overview 2022-2032 69
7.2 North America Market 2022-2032 by Country 73
7.2.1 Overview of North America Market 73
7.2.2 U.S. 77
7.2.3 Canada 80
7.2.4 Mexico 82
7.3 European Market 2022-2032 by Country 84
7.3.1 Overview of European Market 84
7.3.2 Germany 88
7.3.3 U.K. 90
7.3.4 Norway 92
7.3.5 Spain 94
7.3.6 Italy 96
7.3.7 Netherlands 98
7.3.8 Rest of European Market 100
7.4 Asia-Pacific Market 2022-2032 by Country 102
7.4.1 Overview of Asia-Pacific Market 102
7.4.2 Japan 106
7.4.3 China 109
7.4.4 Singapore 111
7.4.5 India 113
7.4.6 Malaysia 115
7.4.7 Rest of APAC Region 117
7.5 South America Market 2022-2032 by Country 119
7.5.1 Argentina 122
7.5.2 Brazil 124
7.5.3 Chile 126
7.5.4 Rest of South America Market 128
7.6 MEA Market 2022-2032 by Country 129
7.6.1 UAE 132
7.6.2 Saudi Arabia 134
7.6.3 Iran 136
7.6.4 Other National Markets 138
8 Competitive Landscape 139
8.1 Overview of Key Vendors 139
8.2 New Product Launch, Partnership, Investment, and M&A 142
8.3 Company Profiles 143
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) 143
BP PLC 145
Bunker Holding A/S 146
Chevron Corporation 147
China COSCO Shipping Corporation Limited 148
Clipper Oil 149
Evergreen Marine Corp Taiwan Ltd. 150
Exxon Mobil Corporation 151
Fuel Suppliers 152
Gazprom Marine Bunker LLC 153
Gulf Agency Company Ltd. 154
Neste Corporation 155
Pacific International Lines Pte Ltd. 156
PJSC (Lukoil Oil Company) 157
Shell Plc 158
TotalEnergies SE 159
World Fuel Services Corporation 160
Yang Ming Marine Transport Corporation 161
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