Bunker Fuel Market, By Fuel Grade (IFO 380, IFO 180, IFO Others, MDO/MGO), By Vessel Type (Tankers, Containers, Bulk & General Cargo, Others), By Seller (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), and By Region

Bunker Fuel Market, By Fuel Grade (IFO 380, IFO 180, IFO Others, MDO/MGO), By Vessel Type (Tankers, Containers, Bulk & General Cargo, Others), By Seller (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Bunker fuel is meant to be used by the shipping industry for fueling its marine fleet. Fuel oil is mostly used as a bunker oil in shipping industry. Bunker fuel is classified into distillates and residual fuel oils. In general term bunker fuel is any fuel that is burned in boiler or furnace for the generation of power in the engine.
Market Dynamics
Rapid industrialization and urbanization across developing 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. These pollutants can disturb marine life cycle which is expected to hinder the market growth of bunker fuel.
Key features of the study:
This report provides in-depth analysis of the global bunker fuel market and provides market size (US$ Billion & Million Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity 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 approval, regional outlook, and competitive strategies adopted by key players
This study also provides impact analysis of Coronavirus (Covid-19) pandemic on bunker fuel market.
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 product launches, technology upgradation, market expansion, and marketing tactics
The global bunker fuel market report caters to various stakeholders in this industry including investors, suppliers, bunker fuel manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the bunker fuel market
Detailed Segmentation:
Global Bunker Fuel Market, By Fuel Grade:
IFO 380
IFO 180
IFO 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.
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Canada
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Europe
U.K.
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Germany
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
France
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Italy
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Spain
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Russia
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Rest of Europe
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Asia Pacific
China
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
India
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Japan
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
ASEAN
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Australia
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
South Korea
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Rest of Asia Pacific
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Latin America
Brazil
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Mexico
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Rest of Latin America
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Middle East & Africa
Middle East
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Africa
By Fuel Grade
IFO 380
IFO 180
IFO Others
MDO/MGO
By Vessel Type
Tankers
Containers
Bulk & General Cargo
Others
By Seller
Major Oil Companies
Leading Independent Distributors
Small Independent Distributors
Company Profiles
Chemoil Energy Limited *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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
“*” marked represents similar segmentation in other categories in the respective section.