Bunker Fuel Market

Bunker Fuel Market, By Fuel Grade (IFO 380, IFO 180, IFO others, MDO/ MGO), By Vessel Type (Tankers, Containers, Bulk & General Cargo, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


Bunker fuel is also known as marine diesel or marine gasoil and is a final solid product obtained from oil refining. It is available in two forms: fuel grade and calcined grade. Power generation, construction, and metal industry are some of the major end-use of the bunker fuel. It is also used in the production of titanium and fertilizers.

Market Dynamics

Rapid industrialization and urbanization across emerging countries have significantly raised the demand for bunker fuel. Growth in the seaport trade has increased the consumption of fuels in ship bunkers, thereby fueling the market growth of the bunker fuel. Moreover, rising demand for petroleum products along with the increasing number of tanker vessels around the globe is further expected to foster the market growth of bunker fuel.

Increasing focus of bunker providers to open bunkering facilities in ports that are near offshore hydrocarbon is acting as a catalyst in the growth of the bunker fuel market. Increase in offshore production and exploration activities is also expected to foster the market growth of the bunker fuel over the forecast period. Moreover, the growing development of LNG bunkering infrastructure is further anticipated to spur the market growth.

Strict regulation regarding usage of bunker fuel as these contain pollutants such as sulfur and nitrogen is expected to hinder the market growth.

Key features of the study:
  • This report provides an in-depth analysis of global bunker fuel market, and provides market size (US$ 26.93 Billion) and compound annual growth rate (CAGR 6.4%) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global bunker fuel market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Chemoil Energy Limited, Aegean Marine Petroleum Network, Inc., World Fuel Services Corporation, Gulf Agency Company Ltd., Gazpromneft Marine Bunker LLC, BP Marine Ltd., Exxon Mobil Corporation, Royal Dutch Shell plc, Bunker Holding A/S, and Lukoil-Bunker LLC
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global bunker fuel market report caters to various stakeholders in this industry including investors, suppliers, sodium hypochlorite manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bunker fuel market.
Detailed Segmentation:
  • Global Bunker Fuel Market, By Fuel Grade:
  • IPO 380
  • IPO 180
  • IPO Others
  • MDO/MGO
  • Global Bunker Fuel Market, By Vessel type:
  • Tankers
  • Containers
  • Bulk & General Cargo
  • Others
  • Global Bunker Fuel Market, By Seller:
  • Major Oil Companies
  • Leading Independent Distributors
  • Small Independent Distributors
  • Global Bunker Fuel Market, By Region:
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Middle East & Africa
  • Middle East
  • Africa
  • Company Profiles
  • Chemoil Energy Limited
  • Aegean Marine Petroleum Network, Inc.
  • World Fuel Services Corporation
  • Gulf Agency Company Ltd.
  • Gazpromneft Marine Bunker LLC
  • BP Marine Ltd.
  • Exxon Mobil Corporation
  • Royal Dutch Shell plc
  • Bunker Holding A/S
  • Lukoil-Bunker LLC


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Fuel Grade
Market Snippet, By Vessel Type
Market Snippet, By Seller
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
PEST Analysis
PORTER’s Analysis
New Product Approvals/Launch
Promotion and Marketing Initiatives
4. Global Bunker Fuel Market - Impact of Coronavirus (Covid-19) Pandemic
Overview
Factors Affecting Global Bunker Fuel Market – COVID-19
Impact Analysis
5. Global Bunker Fuel Market, By Fuel Grade, 2023 - 2030 (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
IFO 380
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
IFO 180
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
IFO Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
MDO/ MGO
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
6. Global Bunker Fuel Market, By Vessel Type, 2023 - 2030 (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Tankers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
Containers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
Bulk & General Cargo
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
7. Global Bunker Fuel Market, By Seller, 2023 - 2030 (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Major Oil Companies
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
Leading Independent Distributors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
Small Independent Distributors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion)
8. Global Bunker Fuel Market, By Region, 2023 - 2030 (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
North America
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 – 2030
Market Size and Forecast, By Fuel Grade, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Vessel Type, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Seller, 2023- 2030 (US$ Billion)
Countries
U.S
Canada
Latin America
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 – 2030
Market Size and Forecast, By Fuel Grade, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Vessel Type, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Seller, 2023- 2030 (US$ Billion)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 – 2030
Market Size and Forecast, By Fuel Grade, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Vessel Type, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Seller, 2023- 2030 (US$ Billion)
Countries
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 – 2030
Market Size and Forecast, By Fuel Grade, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Vessel Type, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Seller, 2023- 2030 (US$ Billion)
Countries
China
India
Japan
Australia
ASEAN
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, By Country, 2023 – 2030
Market Size and Forecast, By Fuel Grade, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Vessel Type, 2023- 2030 (US$ Billion)
Market Size and Forecast, By Seller, 2023- 2030 (US$ Billion)
Countries
Middle East
Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
Heat Map Analysis
Chemoil Energy Limited
Company Overview
Product Portfolio
Recent Developments/Updates
Aegean Marine Petroleum Network, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
World Fuel Services Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Gulf Agency Company Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
Gazpromneft Marine Bunker LLC
Company Overview
Product Portfolio
Recent Developments/Updates
BP Marine Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
Exxon Mobil Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Royal Dutch Shell plc.
Company Overview
Product Portfolio
Recent Developments/Updates
Bunker Holding A/S
Company Overview
Product Portfolio
Recent Developments/Updates
Lukoil-Bunker LLC
Company Overview
Product Portfolio
Recent Developments/Updates
10. Section
References
Research Methodology
About Us and Sales Contact

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