Global Bunker Fuel Market Growth 2023-2029

Global Bunker Fuel Market Growth 2023-2029

Bunker fuel is technically any type of fuel oil used aboard vessels. This kind of material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature. In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting.

LPI (LP Information)' newest research report, the “Bunker Fuel Industry Forecast” looks at past sales and reviews total world Bunker Fuel sales in 2022, providing a comprehensive analysis by region and market sector of projected Bunker Fuel sales for 2023 through 2029. With Bunker Fuel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bunker Fuel industry.

This Insight Report provides a comprehensive analysis of the global Bunker Fuel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bunker Fuel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bunker Fuel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bunker Fuel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bunker Fuel.

The global Bunker Fuel market size is projected to grow from US$ 146640 million in 2022 to US$ 237910 million in 2029; it is expected to grow at a CAGR of 237910 from 2023 to 2029.

Asia-Pacific is the largest market with about 38% market share. Europe is follower, accounting for about 32% market share.

The key players are World Fuel Services, Bunker Holding, Chemoil, Aegean Marine Petroleum, China Marine Bunker, Bright Oil, BP, Exxon Mobil, Shell, Sinopec, Lukoil-Bunker, Total Marine Fuel, Gazpromneft, China Changjiang Bunker, Southern Pec, GAC, Shanghai Lonyer Fuels etc. World Fuel Services is the largest manufacturer with about 9% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Bunker Fuel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Distillate Fuel Oil
Residual Fuel Oil
LNG

Segmentation by application
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
China Shipping & Sinopec Suppliers Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bunker Fuel market?

What factors are driving Bunker Fuel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bunker Fuel market opportunities vary by end market size?

How does Bunker Fuel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.