Bunker Fuel Market
Bunker Fuel Market Analysis by High Sulfur Fuel Oil, Low Sulfur Fuel Oil, and Marine Gasoil for Containers, Bulk Carriers, Oil Tankers, General Cargo, Chemical Tankers, and Others from 2023 to 2033
Analysis of Bunker Fuel Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bunker Fuel Market Outlook (2023 to 2033)
The global bunker fuel market stands at US$ 121.20 billion in 2023, according to Fact.MR. Worldwide demand for bunker fuel is predicted to rise at a CAGR of 4.4% to reach a market value of US$ 186.5 billion by the end of 2033.
Rising awareness of hazards of environmental pollution and implementation of stringent regulations are projected to boost demand for cleaner fuels, including gasoil, LNG (liquefied natural gas), LPG (liquefied petroleum gas), and others.
Global seaborne trade has increased significantly in recent years. In addition, increasing activities related to offshore exploration and production are expected to drive growth opportunities for players in the coming decade. Bunker fuel comes with a low carbon footprint compared to conventional fuel. Increasing investments by industry players in enhancing bunker fuel production influence market growth.
Demand for LNG bunkering is growing due to companies' and governments' commitment to achieving sustainability goals. The increasing need for marine transportation, coupled with a rising number of operational ships, is expected to drive the demand for bunker fuel over the next decade. Key players in the industry are investing in expanding their operations into new areas to diversify their revenue streams.
Bunker fuel is commonly utilized to power the engine of ships, aircraft, and other vehicles. The cost-effectiveness of this fuel compared to other available options is expected to drive its global demand in the next decade. Currently, emerging economies are witnessing an increase in demand for crude oil, which in turn affects the sales of tankers transporting crude oil. The growing number of shipping vessels is projected to directly impact the demand for bunker fuel.
Certain highly toxic elements, including sulfur, threaten the environment of marine life, which hinders market expansion opportunities.
Fact.MR, a provider of market research and competitive intelligence, offers dynamics of the bunker fuel market in its newly published market research report. Key products, growth opportunities, key limitations, a regional overview, new developments, etc. are prominent factors covered in the research report.
| Report Attributes | Details |
|---|---|
| Bunker Fuel Market Size (2023) | US$ 121.2 Billion |
| Forecasted Market Value (2033) | US$ 186.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.4% CAGR |
| Containers Segment Growth Rate (2023 to 2033) | 4.5% CAGR |
| Revenue Share of Low Sulfur Fuel Oil (2022) | 66% |
| Key Companies Profiled | ExxonMobil Corporation; BP PLC; Royal Dutch Shell PLC; Sinopec Group; Chevron Corporation; Lukoil; Titan LNG; Gazprom Neft Corporation; Neste Oyj; Petronas; Chevron Corporation; TotalEnergies |
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What are the Prominent Growth Drivers Influencing the Bunker Fuel Market?
“Extensive Use of Bunker Fuel in Shipping and Power Industries”
The shipping industry uses bunker fuel extensively. Bunker fuel is primarily utilized in large and high-performance vessels that are in high demand, particularly for transporting a significant number of people. These vessels are preferred due to their speed and cargo capacity. Bunker fuel is commonly used by oil tankers, container ships, cruise liners, and other ships due to its high viscosity.
Bunker fuel finds applications as a fuel source for electricity generation and heating purposes. It is also used for power generation on larger vessels. These vessels have substantial load-bearing capacities compared to other modes of transportation, resulting in increased demand for bunker fuel for refueling purposes.
“Increasing Oil & Gas Exploration Activities Boosting Sales of Bunker Fuel”
Exploration and development activities related to hydrocarbon resources in certain offshore regions are increasing. This rise in exploration efforts, coupled with the establishment of new hydrocarbon reserves, is leading to growth in oil and gas production. Consequently, the expansion of oil and gas exploration in deep offshore locations is expected to create favorable market growth opportunities.
What’s Predicted to Hinder the Demand Growth for Bunker Fuel?
“Fuel Reduction Initiatives by Global Shipping Community”
The global shipping community is placing significant emphasis on initiatives aimed at reducing fuel consumption. In response, many shipping companies are prioritizing the adoption of efficient technologies to minimize their fuel usage. These initiatives are driven by the need to comply with international environmental protection standards and reduce carbon emissions associated with vessel operations.
A decline in fuel consumption because of the introduction of various fuel-efficient vessels is predicted to limit opportunities for industry players in the coming 10 years.
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How are Start-ups Projected to Evolve in This Market?
“Presence of Unexplored Reserves in Emerging Oil-producing Nations”
The growing oil & gas exploration activities in some emerging oil-producing regions, especially in the Indo-Pacific region, are estimated to offer opportunities for start-ups. Presence of vast unexplored reserves in new oil-producing regions is projected to boost the demand for shipping vessels and fuel the need for storage containers, thereby allowing new entrants to gain some share in this market.
Country-wise Insights
Why is the United States a Lucrative Market for Bunker Fuel Producers?
“Presence of Prominent Ports Generating High Demand for Bunker Fuel”
The presence of major ports in the United States is projected to contribute to the growing demand for bunker fuel. Currently, there are approximately 360 shipping ports across the United States. The increasing volume of international trade, coupled with the growing focus on offshore wind projects, is anticipated to create opportunities for industry players in the United States.
How is Demand for Bunker Fuel Evolving in the United Kingdom and Germany?
“High Demand for Bunker Fuel Due to Wide Availability of Cost-effective Transport Services and Presence of Busy Marine Trading Routes”
The United Kingdom and German markets are projected to occupy a substantial market share. These countries provide diverse and cost-effective transport services for importing and exporting a wide range of products. They house popular and busy trading routes, leading to an increased demand for bunker fuel to support these trade activities.
Which Countries Account for High Sales of Bunker Fuel in Asia Pacific?
“Increased Hydrocarbon Resource Development in India, China, and Japan to Support Growing Manufacturing Activities”
Demand for bunker fuel has witnessed a notable rise due to increased activities related to hydrocarbon resource development in offshore areas, including India and China. The Indian market has emerged as an attractive destination for bunker fuel producers, supported by the growing number of manufacturing units in the country.
Japan, on the other hand, is providing essential support to bunker fuel manufacturers to facilitate their growth in this competitive market.
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Category-wise Insights
Which Bunker Fuel Type is Most Widely Utilized across the World?
“Implementation of Stringent Environmental Regulations Driving Adoption of Low-sulfur Fuel Oil over High-sulfur Variants”
Based on type, the global market is segmented into high-sulfur fuel oil, low-sulfur fuel oil, and marine gasoil. Among these, demand for low-sulfur fuel oil is predicted to increase due to the implementation of IMO-2020 which limits the use of sulfur in fuel oil for ships. Therefore, there is a significant decline in the use of high-sulfur fuel oil in a wide variety of ships. This segment held 66% share of the global market in 2022.
How are Containers Contributing to Increased Sales of Bunker Fuel?
“Rapid Globalization and Escalating Seaborne Trade Boosting Demand for Bunker Fuel for Containers”
Containers, oil tankers, bulk carriers, fishing vessels, general cargo, gas tankers, and chemical tankers are some key application areas of bunker fuel. Bunker fuel is predominantly used in containers due to increasing globalization. In addition, escalating requirements for global seaborne trade are also predicted to lead to increased import and export activities across the globe.
Containers are widely used for the transportation of metal products, electrical machinery, accessories, and various other goods. Bunker fuel is used by various shipping corporations to fuel their respective marine fleet. Demand for bunker fuel for use in containers is predicted to progress at a CAGR of 4.5% from 2023 to 2033.
Which Distribution Channel is Widely Preferred by Bunker Fuel Suppliers?
“Extensive Use of Oil Majors for Bunker Fuel Delivery”
Oil majors, small independent distributors, and large independent distributors are some widely used distribution channels by manufacturers for the supply of bunker fuel globally. Among these, oil majors are predicted to hold a significant share of the global market.
The increasing use of oil tankers for bunker fuel supply can be attributed to the dominance of oil majors in the chartering business.
Key Market Players
Maintaining product standards, quality control, and strengthening supply chain management systems are initiatives undertaken by producers of bunker fuel to expand their footprints globally while adding value to their existing portfolio.
The bunker fuel landscape is consolidated in nature due to the presence of very few large-scale vendors that are controlling the entire landscape. Prominent vendors are investing heavily in expanding their reach to global consumers. Partnerships, mergers & acquisitions, collaborations, etc. are some strategies that are adopted by players to enhance their reach.
For instance :
- In January 2022, Titan LNG was awarded a tender to deliver LNG (liquefied natural gas) to the Port of Marseille for Corsica Linea's new LNG-fueled ferry, called Ro-Pax. This expansion of operations by Titan LNG marks its entry into the Mediterranean market to ensure the availability of bio-LNG, LNG, and LNG derived from hydrogen for the longer run.
- Minerva Bunkering, in December 2021, started offering its marine fuel at the Red Sea Ports of Yandu and Jeddah in Saudi Arabia.
Prominent players in the bunker fuel market are ExxonMobil Corporation, BP, Royal Dutch Shell, Sinopec Group, Chevron Corporation, Titan LNG, Lukoil, Gazprom Neft Corporation, Neste Oyj, Petronas, Chevron Corporation, and TotalEnergies.
Segmentation of Bunker Fuel Industry Research
-
By Type :
- High-sulfur Fuel Oil
- Low-sulfur Fuel Oil
- Marine Gasoil
-
By Application :
- Containers
- Bulk Carriers
- Oil Tankers
- General Cargo
- Chemical Tankers
- Fishing Vessels
- Gas Tankers
-
By Distribution Channel :
- Oil Majors
- Large Independent Distributors
- Small Independent Distributors
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 6.1. High-sulfur Fuel Oil
- 6.2. Low-sulfur Fuel Oil
- 6.3. Marine Gasoil
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 7.1. Containers
- 7.2. Bulk Carriers
- 7.3. Oil Tankers
- 7.4. General Cargo
- 7.5. Chemical Tankers
- 7.6. Fishing Vessels
- 7.7. Gas Tankers
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
- 8.1. Oil Majors
- 8.2. Large Independent Distributors
- 8.3. Small Independent Distributors
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. ExxonMobil Corporation
- 17.2. BP PLC
- 17.3. Royal Dutch Shell PLC
- 17.4. Sinopec Group
- 17.5. Chevron Corporation
- 17.6. Lukoil
- 17.7. Titan LNG
- 17.8. Gazprom Neft Corporation
- 17.9. Neste Oyj
- 17.10. Petronas
- 17.11. Chevron Corporation
- 17.12. TotalEnergies
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 07: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 08: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Type, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Type, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Type, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Type, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Type, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Type, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What percentage of the bunker fuel market did low-sulfur fuel occupy in 2022?
Low-sulfur fuel oil held 66% share of the global bunker fuel market revenue in 2022.
What is the size of the bunker fuel market in 2023?
The global bunker fuel market is estimated to be valued at US$ 121.2 billion in 2023.
What is the sales forecast for bunker fuel from 2023 to 2033?
Sales of bunker fuel are projected to rise at a CAGR of 4.4% through 2033.
At what pace is worldwide demand for bunker fuel forecasted to increase for use in containers?
Demand for bunker fuel for containers is projected to progress at a CAGR of 4.5% through 2033.
Which distribution channel is widely used for the delivery of bunker fuel?
Manufacturers are giving preference to oil majors for the global delivery of bunker fuel.
Who are the prominent suppliers of bunker fuel?
ExxonMobil Corporation, BP, Royal Dutch Shell, and Chevron are leading manufacturers of bunker fuel.
What is the forecasted valuation of the bunker fuel market for 2033?
The global market is anticipated to reach US$ 186.5 billion by 2033-end.
Bunker Fuel Market