The Bunker Fuel Market size is estimated at USD 198.07 billion in 2024, and is expected to reach USD 226.52 billion by 2029, growing at a CAGR of 2.72% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
The bunker fuel Market is fragmented in nature. Some of the major players in the market (in no particular order) include Gazpromneft Marine Bunker LLC, ExxonMobil Corporation, Shell PLC, TotalEnergies SE, and BP PLC among others.
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