The global bunker fuel market size is expected to grow at a CAGR of around 3.2% from 2020 to 2027 and expected to reach the market value of around USD 182.5 Billion by 2027.
Bunker fuel is a term used to indicate the fuels that are used to power engines of ships. The tanks where fuel is filled in the ships are called bunkers. Furthermore, bunkering is the process of supplying fuel for the use by ships and it also includes the shipboard logistics of loading fuel and distributing it among available bunker tanks.
Market Dynamics
The continuously expanding international seaborne trade along with the rapid technological development in different types of vessels and respective engines are driving the market growth. The increasing oil & gas exploration activities at deep offshore locations that require offshore vessels to perform these activities are boosting the global bunker fuel market value. The shifting trend in the transportation industry from conventional sources to much cleaner and affordable sources like LNG is additionally bolstering the market value. Furthermore, the rising environmental concern and favorable government initiative for the generation of energy from cleaner fuels are likely to create potential opportunities over the forecast period.
On the other hand, the implementation of the IMO 2020 regulation associated with the use of high sulfur content fuel owing to the environmental concern is expected to limit the growth over the forecast period from 2020 to 2027.
High Sulfur Fuel Oil (HSFO) segment dominated the global market
In 2019, High Sulfur Fuel Oil (HSFO) segment registered a major share (%) in the global market. Moreover, the segment is projected to experience a decline in the estimated period and very low sulfur fuel oil (VLSFO) segment is projected to experience the fastest growth over the forecast timeframe from 2020 to 2027. The global initiative to move towards the cleaner alternatives owing to the increasing environmental concern is supporting the fastest growth of VLSFO.
The market research study on “Bunker Fuel Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global bunker fuel market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Bunker Fuel market, its fuel type, end-user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global bunker fuel market size and volume, and segment markets by fuel type, end-user, and geography along with the information on companies operating in the market. The bunker fuel market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is leading the global Bunker Fuel Market
In 2019, Asia Pacific held the major share and the region is also projected to maintain its dominance over the forecast timeframe. The rapid industrialization and expanding global trade is supporting the market value. Additionally, the major economies including China and Japan are majorly supporting the market value. The technological advancement and expanding deep shore exploration activities are additionally accelerating the market value. Moreover, the region is also projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027.
The players profiled in the report include Bomin Bunker Oil Corp, BP PLC, Bunker Holding A/S, Chemoil Energy Limited, Exxon Mobil Corporation, Gac Bunker Fuels Ltd, Gazpromneft Marine Bunker LLC, KPI Bridge Oil A/S, Lukoil-Bunker LLC, and Royal Dutch Shell Plc.
Market Segmentation
Market By Fuel Type
- High Sulfur Fuel Oil (HSFO)
- Very Low Sulfur Fuel Oil (VLSFO)
- Marine Diesel Oil (MDO)
- Liquefied Natural Gas (LNG)
Market By End-User
- Container
- Bulk Carrier
- Oil Tanker
- General Cargo
- Chemical Tanker
- Fishing
- Gas Tanker
- Others
Market By Geography
North America
Europe
- UK.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Bunker Fuel
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Bunker Fuel Market By Fuel Type
1.2.2.1. Global Bunker Fuel Market Revenue and Growth Rate Comparison By Fuel Type (2016-2027)
1.2.2.2. Global Bunker Fuel Market Revenue Share By Fuel Type in 2019
1.2.2.2.1. High Sulfur Fuel Oil (HSFO)
1.2.2.2.2. Very Low Sulfur Fuel Oil (VLSFO)
1.2.2.2.3. Marine Diesel Oil (MDO)
1.2.2.2.4. Liquefied Natural Gas (LNG)
1.2.3. Bunker Fuel Market By End-User
1.2.3.1. Container
1.2.3.2. Bulk Carrier
1.2.3.3. Oil Tanker
1.2.3.4. General Cargo
1.2.3.5. Chemical Tanker
1.2.3.6. Fishing
1.2.3.7. Gas Tanker
1.2.3.8. Others
1.2.4. Bunker Fuel Market By Geography
1.2.4.1. Global Bunker Fuel Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.4.2. North America Bunker Fuel Market Revenue and Growth Rate(2016-2027)
1.2.4.3. Europe Bunker Fuel Market Revenue and Growth Rate(2016-2027)
1.2.4.4. Asia-Pacific Bunker Fuel Market Revenue and Growth Rate(2016-2027)
1.2.4.5. Latin America Bunker Fuel Market Revenue and Growth Rate(2016-2027)
1.2.4.6. Middle East and Africa (MEA) Bunker Fuel Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. BUNKER FUEL MARKET BY FUEL TYPE
4.1. Global Pure Cashmere Revenue By Fuel Type
4.2. High Sulfur Fuel Oil (HSFO)
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Very Low Sulfur Fuel Oil (VLSFO)
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Marine Diesel Oil (MDO)
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Liquefied Natural Gas (LNG)
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. BUNKER FUEL MARKET BY END-USER
5.1. Global Pure Cashmere Revenue By End-User
5.2. Container
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Bulk Carrier
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Oil Tanker
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. General Cargo
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.6. Chemical Tanker
5.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.7. Fishing
5.7.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.8. Gas Tanker
5.8.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.9. Others
5.9.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA BUNKER FUEL MARKET BY COUNTRY
6.1. North America Bunker Fuel Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2. North America Bunker Fuel Market Revenue Share Comparison, 2016 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Bunker Fuel Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 7. EUROPE BUNKER FUEL MARKET BY COUNTRY
7.1. Europe Bunker Fuel Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. Europe Bunker Fuel Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC BUNKER FUEL MARKET BY COUNTRY
8.1. Asia-Pacific Bunker Fuel Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Asia-Pacific Bunker Fuel Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA BUNKER FUEL MARKET BY COUNTRY
9.1. Latin America Bunker Fuel Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Latin America Bunker Fuel Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA BUNKER FUEL MARKET BY COUNTRY
10.1. Middle East & Africa Bunker Fuel Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Middle East& Africa Bunker Fuel Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Bomin Bunker Oil Corp
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. BP PLC
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Bunker Holding A/S
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Chemoil Energy Limited
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Exxon Mobil Corporation
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Larsen & Toubro Limited
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Gac Bunker Fuels Ltd
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Gazpromneft Marine Bunker LLC
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. KPI Bridge Oil A/S
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Lukoil-Bunker LLC
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
