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Bunker Fuel Market - Global Industry Analysis

Bunker Fuel Market by Type (Bunker A, Bunker B, and Bunker C); by Fuel Grade (Marine diesel oil, IFO 180, IFO 380, IFO 500, IFO 700, LS 380, and LS 180); by Commercial Distributors (Major oil companies, Small Independent, and Large Independent); by End-use (Tanker fleet, Container fleet, Bulk and General cargo fleet, and Others) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 01-Jun-2018 Category: Energy & Mining Report Format : PDF Pages: 130 Report Code: ZMR-2987 Status : Published

Global bunker fuel market expected to reach USD 155.1 billion in 2024, growing at a CAGR of slightly above 5.5% between 2018 and 2024. Rising tourism industry fueled by demographic changes increased disposable income, and improved standard of living will contribute to marine passenger transport industry.

Description

The report covers forecast and analysis for the bunker fuel market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the bunker fuel market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the bunker fuel market on a global level.

This report offers comprehensive analysis on global bunker fuel market along with, market trends, drivers, and restraints of the bunker fuel market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape of the market, an analysis of Porter’s five forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and the primary research team of industry experts.

Global Bunker Fuel Market

The study provides a decisive view of the bunker fuel market by segmenting the market based on type, fuel grade, commercial distributors, end-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the type, the segmentation of bunker fuel market includes bunker A, bunker B, and bunker C. Based on fuel grade, the segmentation of bunker fuel market includes marine diesel oil, IFO 180, IFO 380, IFO 500, IFO 700, LS 380, and LS 180. Based on commercial distributors, the segmentation of bunker fuel market includes major oil companies, small independent, and large independent. Based on end-use, the segmentation of bunker fuel market includes tanker fleet, container fleet, bulk and general cargo fleet, and other. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., UK, France, Germany, China, India, Japan, Brazil, Saudi Arabia, and others.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global bunker fuel market such as World Fuel Services Corporation, Lukoil-Bunker LLC, Aegean Marine Petroleum Network, Inc., Bomin Bunker Oil Corp., BP Plc, Bunker Holding A/S, Chemoil Energy Limited, Exxon Mobil Corporation, GAC Bunker Fuels Ltd., Gazpromneft Marine Bunker LLC, KPI Bridge Oil A/S, and Royal Dutch Shell Plc.

The report segments global bunker fuel market as follows:

Bunker Fuel Market: Type Segment Analysis

  • Bunker A
  • Bunker B 
  • Bunker C

Bunker Fuel Market: Fuel Grade Segment Analysis

  • Marine diesel oil
  • IFO 180
  • IFO 380 
  • IFO 500 
  • IFO 700 
  • LS 380
  • LS 180

Bunker Fuel Market: Commercial Distributors Segment Analysis

  • Major oil companies
  • Small Independent 
  • Large Independent

Bunker Fuel Market: End-use Segment Analysis

  • Tanker fleet
  • Container fleet
  • Bulk and general cargo fleet
  • Others

Bunker Fuel Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Bunker Fuel Market, 2015 - 2024, (USD Billion)
    • 2.2. Bunker Fuel Market: Market Snapshot
  •  
  • Chapter 3. Bunker Fuel Market - Industry Analysis
    • 3.1. Bunker Fuel Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing international trade
      • 3.2.2. Escalating recreating boating
      • 3.2.3. Flourishing tourism industry
    • 3.3. Restraints
      • 3.3.1. Upsurge in usage of LNG and other alternative fuels
    • 3.4. Opportunity
      • 3.4.1. Recovering European economies
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Type Segment
      • 3.6.2. Market Attractiveness Analysis by Fuel grade Segment
      • 3.6.3. Market Attractiveness Analysis by Commercial distributors Segment
      • 3.6.4. Market Attractiveness Analysis by End-use Segment
      • 3.6.5. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Bunker Fuel Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Type Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Type and Regional Expansion
  •  
  • Chapter 5. Global Bunker Fuel Market - Type Segment Analysis
    • 5.1. Global Bunker Fuel Market Overview: by Type
      • 5.1.1. Bunker Fuel Market Revenue Share, by Type, 2017 and 2024
    • 5.2. Global Bunker Fuel Market by Bunker A, 2015-2024 (USD Billion)
    • 5.3. Global Bunker Fuel Market by Bunker B, 2015-2024 (USD Billion)
    • 5.4. Global Bunker Fuel Market by Bunker C, 2015-2024 (USD Billion)
  •  
  • Chapter 6. Global Bunker Fuel Market - Fuel grade Segment Analysis
    • 6.1. Global Bunker Fuel Market Overview: by Fuel grade
      • 6.1.1. Bunker Fuel Market Revenue Share, by Fuel grade, 2017 and 2024
    • 6.2. Global Bunker Fuel Market for Marine Diesel Oil, 2015-2024 (USD Billion)
    • 6.3. Global Bunker Fuel Market for IFO 180, 2015-2024 (USD Billion)
    • 6.4. Global Bunker Fuel Market for IFO 380, 2015-2024 (USD Billion)
    • 6.5. Global Bunker Fuel Market for IFO 500, 2015-2024 (USD Billion)
    • 6.6. Global Bunker Fuel Market for IFO 700, 2015-2024 (USD Billion)
    • 6.7. Global Bunker Fuel Market for LS 380, 2015-2024 (USD Billion)
    • 6.8. Global Bunker Fuel Market for LS 180, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Global Bunker Fuel Market - Commercial distributors Segment Analysis
    • 7.1. Global Bunker Fuel Market Overview: by Commercial distributors
      • 7.1.1. Bunker Fuel Market Revenue Share, by Commercial distributors, 2017 and 2024
    • 7.2. Global Bunker Fuel Market by Major oil companies, 2015-2024 (USD Billion)
    • 7.3. Global Bunker Fuel Market by Small independent, 2015-2024 (USD Billion)
    • 7.4. Global Bunker Fuel Market by Large independent, 2015-2024 (USD Billion)
  •  
  • Chapter 8. Global Bunker Fuel Market - End use Segment Analysis
    • 8.1. Global Bunker Fuel Market Overview: by End use
      • 8.1.1. Bunker Fuel Market Revenue Share, by End use, 2017 and 2024
    • 8.2. Global Bunker Fuel Market for Tanker fleet, 2015-2024 (USD Billion)
    • 8.3. Global Bunker Fuel Market for Container fleet, 2015-2024 (USD Billion)
    • 8.4. Global Bunker Fuel Market for Bulk and general cargo fleet, 2015-2024 (USD Billion)
    • 8.5. Global Bunker Fuel Market for Others, 2015-2024 (USD Billion)
  •  
  • Chapter 9. Global Bunker Fuel Market - Regional Analysis
    • 9.1. Global Bunker Fuel Market Overview: by Region
      • 9.1.1. Global Bunker Fuel Market Revenue Share, by Region, 2017 and 2024
    • 9.2. North America
      • 9.2.1. North America Bunker Fuel Market, 2015 - 2024 (USD Billion)
      • 9.2.2. North America Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 9.2.3. North America Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
      • 9.2.4. North America Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
      • 9.2.5. North America Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.2.6. U.S.
        • 9.2.6.1. U.S. Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.2.6.2. U.S. Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.2.6.3. U.S. Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.2.6.4. U.S. Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe Bunker Fuel Market, 2015 - 2024 (USD Billion)
      • 9.3.2. Europe Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 9.3.3. Europe Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
      • 9.3.4. Europe Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
      • 9.3.5. Europe Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.3.6. UK
        • 9.3.6.1. UK Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.3.6.2. UK Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.3.6.3. UK Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.3.6.4. UK Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.3.7. France
        • 9.3.7.1. France Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.3.7.2. France Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.3.7.3. France Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.3.7.4. France Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.3.8. Germany
        • 9.3.8.1. Germany Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.3.8.2. Germany Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.3.8.3. Germany Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.3.8.4. Germany Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Bunker Fuel Market, 2015 - 2024 (USD Billion)
      • 9.4.2. Asia Pacific Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 9.4.3. Asia Pacific Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
      • 9.4.4. Asia Pacific Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
      • 9.4.5. Asia Pacific Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.4.6. China
        • 9.4.6.1. China Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.4.6.2. China Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.4.6.3. China Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.4.6.4. China Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.4.7. Japan
        • 9.4.7.1. Japan Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.4.7.2. Japan Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.4.7.3. Japan Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.4.7.4. Japan Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.4.8. India
        • 9.4.8.1. India Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.4.8.2. India Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.4.8.3. India Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.4.8.4. India Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America Bunker Fuel Market, 2015 - 2024 (USD Billion)
      • 9.5.2. Latin America Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 9.5.3. Latin America Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
      • 9.5.4. Latin America Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
      • 9.5.5. Latin America Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.5.6. Brazil
        • 9.5.6.1. Brazil Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.5.6.2. Brazil Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.5.6.3. Brazil Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.5.6.4. Brazil Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
    • 9.6. Middle East & Africa
      • 9.6.1. Middle East & Africa Bunker Fuel Market, 2015 - 2024 (USD Billion)
      • 9.6.2. Middle East & Africa Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 9.6.3. Middle East & Africa Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
      • 9.6.4. Middle East & Africa Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
      • 9.6.5. Middle East & Africa Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
      • 9.6.6. Saudi Arabia
        • 9.6.6.1. Saudi Arabia Bunker Fuel Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 9.6.6.2. Saudi Arabia Bunker Fuel Market Revenue, by Fuel grade, 2015 - 2024 (USD Billion)
        • 9.6.6.3. Saudi Arabia Bunker Fuel Market Revenue, by Commercial distributors, 2015 - 2024 (USD Billion)
        • 9.6.6.4. Saudi Arabia Bunker Fuel Market Revenue, by End-use, 2015 - 2024 (USD Billion)
  •  
  • Chapter 10. Company Profiles
    • 10.1. World Fuel Services Corporation
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Type Portfolio
      • 10.1.4. Business Strategy
      • 10.1.5. Recent Developments
      • 10.1.6. SWOT Analysis
    • 10.2. Lukoil-Bunker LLC
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Type Portfolio
      • 10.2.4. Business Strategy
      • 10.2.5. Recent Developments
      • 10.2.6. SWOT Analysis
    • 10.3. Aegean Marine Petroleum Network, Inc
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Type Portfolio
      • 10.3.4. Business Strategy
      • 10.3.5. Recent Developments
      • 10.3.6. SWOT Analysis
    • 10.4. Bomin Bunker Oil Corp
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Type Portfolio
      • 10.4.4. Business Strategy
      • 10.4.5. Recent Developments
      • 10.4.6. SWOT Analysis
    • 10.5. BP PLC
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Type Portfolio
      • 10.5.4. Business Strategy
      • 10.5.5. Recent Development
      • 10.5.6. SWOT Analysis
    • 10.6. Bunker Holding A/S
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Type Portfolio
      • 10.6.4. Business Strategy
      • 10.6.5. Recent Developments
      • 10.6.6. SWOT Analysis
    • 10.7. Chemoil Energy Limited
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Type Portfolio
      • 10.7.4. Business Strategy
      • 10.7.5. Recent Developments
      • 10.7.6. SWOT Analysis
    • 10.8. Exxon Mobil Corporation
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Type Portfolio
      • 10.8.4. Business Strategy
      • 10.8.5. Recent Development
      • 10.8.6. SWOT Analysis
    • 10.9. GAC Bunker Fuels Ltd
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Type Portfolio
      • 10.9.4. Business Strategy
      • 10.9.5. Recent Developments
      • 10.9.6. SWOT Analysis
    • 10.10. Gazpromneft Marine Bunker LLC
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Type Portfolio
      • 10.10.4. Business Strategy
      • 10.10.5. Recent Developments
      • 10.10.6. SWOT Analysis
    • 10.11. KPI Bridge Oil A/S
      • 10.11.1. Overview
      • 10.11.2. Financials
      • 10.11.3. Type Portfolio
      • 10.11.4. Business Strategy
      • 10.11.5. Recent Development
      • 10.11.6. SWOT Analysis
    • 10.12. Royal Dutch Shell Plc
      • 10.12.1. Overview
      • 10.12.2. Financials
      • 10.12.3. Type Portfolio
      • 10.12.4. Business Strategy
      • 10.12.5. Recent Development
      • 10.12.6. SWOT Analysis

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Bunker Fuel Market, 2015 - 2024 (USD Billion)
4. Porter’s Five Forces Analysis: Bunker Fuel Market
5. Global Bunker Fuel Market Attractiveness, by Type
6. Global Bunker Fuel Market Attractiveness, by Fuel grade
7. Global Bunker Fuel Market Attractiveness, by Commercial distributors
8. Global Bunker Fuel Market Attractiveness, by End-use
9. Global Bunker Fuel Market Attractiveness, by Region
10. Global Bunker Fuel Market Revenue Share, by Type, 2017 and 2024
11. Global Bunker Fuel Market by Bunker A, 2015-2024 (USD Billion)
12. Global Bunker Fuel Market by Bunker B, 2015-2024 (USD Billion)
13. Global Bunker Fuel Market by Bunker C, 2015-2024 (USD Billion)
14. Global Bunker Fuel Market Revenue Share, by Fuel grade, 2017 and 2024
15. Global Bunker Fuel Market for Marine Diesel Oil, 2015-2024 (USD Billion)
16. Global Bunker Fuel Market for IFO 180, 2015-2024 (USD Billion)
17. Global Bunker Fuel Market for IFO 380, 2015-2024 (USD Billion)
18. Global Bunker Fuel Market for IFO 500, 2015-2024 (USD Billion)
19. Global Bunker Fuel Market for IFO 700, 2015-2024 (USD Billion)
20. Global Bunker Fuel Market for LS 380, 2015-2024 (USD Billion)
21. Global Bunker Fuel Market for LS 180, 2015-2024 (USD Billion)
22. Global Bunker Fuel Market Revenue Share, by Commercial distributors, 2017 and 2024
23. Global Bunker Fuel Market by Major oil companies, 2015-2024 (USD Billion)
24. Global Bunker Fuel Market by Small independent, 2015-2024 (USD Billion)
25. Global Bunker Fuel Market by Large independent, 2015-2024 (USD Billion)
26. Global Bunker Fuel Market Revenue Share, by End-use, 2017 and 2024
27. Global Bunker Fuel Market for Tanker fleet, 2015-2024 (USD Billion)
28. Global Bunker Fuel Market for Container fleet, 2015-2024 (USD Billion)
29. Global Bunker Fuel Market for Bulk and general cargo fleet, 2015-2024 (USD Billion)
30. Global Bunker Fuel Market for Others, 2015-2024 (USD Billion)
31. North America Bunker Fuel Market, 2015 - 2024 (USD Billion)
32.  Europe Bunker Fuel Market, 2015 - 2024 (USD Billion)
33.  Asia Pacific Bunker Fuel Market, 2015 – 2024 (USD Billion)
34.  Latin America Bunker Fuel Market, 2015-2024 (USD Billion)
35.  The Middle East & Africa Bunker Fuel Market, 2015 – 2024 (USD Billion)


List of Tables

1. Global Bunker Fuel Market: Snapshot
2. Drivers for Bunker Fuel Market: Impact Analysis
3. Restraints for Bunker Fuel Market: Impact Analysis
4. North America Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
5. North America Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
6. North America Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
7. North America Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
8. U.S. Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
9. U.S. Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
10. U.S. Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
11. U.S. Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
12. Europe Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
13. Europe Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
14. Europe Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
15. Europe Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
16. UK Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
17. UK Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
18. UK Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
19. UK Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
20. France Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
21. France Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
22. France Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
23. France Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
24. Germany Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
25. Germany Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
26. Germany Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
27. Germany Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
28. Asia Pacific Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
29. Asia Pacific Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
30. Asia Pacific Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
31. Asia Pacific Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
32. China Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
33. China Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
34. China Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
35. China Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
36. Japan Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
37. Japan Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
38. Japan Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
39. Japan Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
40. India Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
41. India Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
42. India Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
43. India Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
44. Latin America Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
45. Latin America Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
46. Latin America Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
47. Latin America Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
48. Brazil Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
49. Brazil Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
50. Brazil Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
51. Brazil Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
52. Middle East & Africa Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
53. Middle East & Africa Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
54. Middle East & Africa Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
55. Middle East & Africa Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)
56. Saudi Arabia Bunker Fuel Market Revenue, by Type, 2015 – 2024 (USD Billion)
57. Saudi Arabia Bunker Fuel Market Revenue, by Fuel grade, 2015 – 2024 (USD Billion)
58. Saudi Arabia Bunker Fuel Market Revenue, by Commercial distributors, 2015 – 2024 (USD Billion)
59. Saudi Arabia Bunker Fuel Market Revenue, by End-use, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

Bunker fuel is referred to the fuel that is poured in ship’s bunkers to operate its engines. Industry material safety sheet for marine fuel oil categorizes it as very toxic and hazardous to aquatic life having long-lasting effects. Bunker fuel is divided into various types such as bunker A, B, and C. Bunker C type is the most vicious and thickest that require blending or heating to make it flow. It is mixed with 10% of lighter fuel, such as diesel to make it affordable to be used in shipping. It is characterized as persistent oil and can spread at large distances, as it does not evaporate easily. It has a characteristic odor and is available in black to brown color liquid.

Development of blue economy coupled with increasing globalization in world trade in emerging markets has enhanced marine industry in past few years. Further, global investment in commercial fishing fleets and marine fisheries is boosting marine fuel demand in the fishing vessels industry. In 2015, global seaborne trade was above 10 billion tons, highest till now in the UNCTAD records. Since 2008, tanker trade segment has registered its best performance in 2015. As per the estimates of “World Trade Organization”, merchandise trade volume will remain constant and will grow at the same rate as that in 2015. Growth in global seaborne trade shipment is projected to increase marginally in 2016, as compared to the historical trends. However, 80% of seaborne trade contributes to carbon emissions, polluting the atmosphere, this can act as a restraining factor for global bunker fuel market.

Increasing consumption in oil & gas sector for extraction activities and offshore exploration, increasing government support, and raise in the ocean-borne field are preliminary driving factors for bunker fuel demand. However, policies pertaining to adoption of LNG along with fuel usage reduction can restrain the market growth over the forecast timeframe.

Global Bunker Fuel Market

As per the type of fuel, global bunker fuel market is segmented into bunker A, bunker B, and bunker C. Bunker A is projected to contribute significantly in the industry. Various fuel grades are marine diesel oil, IFO 180, IFO 380, IFO 500, IFO 700, LS 380, and LS 180. Low sulfur (LS) 380 will depict highest gains over the forecast timeframe owing to its lower polluting characteristics. Distributors providing this fuel to end-use consumers are largely independent, small independent, and major oil companies. Small independent players are expected to grow in the market at a faster rate as compared to rest of the distribution segments till 2024. Global bunker fuel market is bifurcated according to end-user as tanker fleet, container fleet, bulk and general cargo fleet, and others. Tanker fleet is expected to gain momentum during the forecast timeframe owing to increasing oil & gas as well as other chemicals industries.

The Middle East & Africa is at a nascent stage in the global bunker fuel market but is expected to have a significant growth rate till 2024. The growth of the region is attributed to its supply of oil & gas products through tanker vessels worldwide. North America is accounting for a substantial share in global bunker fuel market owing to its ever-increasing cruise passenger’s growth rate in the last decade.

Certain prominent manufacturers in the global bunker fuel market are World Fuel Services Corporation, Lukoil-Bunker LLC, Aegean Marine Petroleum Network, Inc., Bomin Bunker Oil Corp., BP Plc, Bunker Holding A/S, Chemoil Energy Limited, Exxon Mobil Corporation, GAC Bunker Fuels Ltd., Gazpromneft Marine Bunker LLC, KPI Bridge Oil A/S, and Royal Dutch Shell Plc.

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