Global Bunker Fuel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bunker Fuel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Bunker Fuel market finds that the global Bunker Fuel market reached a value of USD 130105.7 million in 2022. It’s expected that the market will achieve USD 170066.34 million by 2028, exhibiting a CAGR of 4.57% during the forecast period.

Limitations

As a sailing ship, it is an unavoidable problem to refuel the fuel during the voyage. For large companies, the strong strength and the distribution of fuel points around the world provide them with more market opportunities. For many companies with less market bases, business development will be greatly affected.
The Consumption of low-sulfur fuel requires the transformation of the original refining process. It requires a large amount of technical renovation funds and a substantial increase in the fuel supply price. For enterprises, not only will the cost increase significantly, but the market sales will also be affected. If the response measures are not given in time, the operation of the enterprise is bound to be greatly affected.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are World Fuel Services Corp., Royal Dutch Shell PLC, PetroChina (China Marine Bunker) with the revenue market share of 9.25%, 8.98%, 7.23% in 2018.

World Fuel Services Corporation markets aviation and marine fuel services. The Company provides aviation fuel and flight plans, weather reports, and other aviation related services to passenger, cargo, and charter airlines, as well as markets marine fuel and fuel management services to shipping companies and the US military.

Royal Dutch Shell PLC, through subsidiaries, explores, produces, and refines petroleum. The Company produces fuels, chemicals, and lubricants. Royal Dutch Shell owns and operates gasoline filling stations worldwide.

Segmentation Overview:

Among different product types, Residual Fuel Oil (RFO) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Container Fleet segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bunker Fuel market covered in Chapter 3:

Lukoil-Bunker OOO
Gazprom Neft PJSC
Royal Dutch Shell PLC
World Fuel Services Corp.
Aegean Marine Petroleum Network Inc.
Chemoil Energy Ltd.
Exxon Mobil
BP PLC
Sentek Marine & Trading Pte, Ltd.
PetroChina (China Marine Bunker)
Mabanaft
Bunker Holding Group
GAC Bunker Fuels Ltd.
Sinopec Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Bunker Fuel market from 2018 to 2029 is primarily split into:

Marine Gas Oil (MGO)
Residual Fuel Oil (RFO)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bunker Fuel market from 2018 to 2029 covers:

Tanker Fleet
Container Fleet
Bulk and General Cargo Fleet

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)