Press Release

Bunker Fuel Market Future Trends By 2024 : Exxon Mobil, World Fuel Services, BP, Shell, China Marine Bunker, Bunker Holding, Total Marine Fuel

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.

The market analysis covered in the Bunker Fuel report offers an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. The report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The Bunker Fuel  market research data included in this market report is analysed and evaluated using market statistical and coherent models. This market report also gives insights about market share analysis and key trend analysis.

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Fuel utilized by shipping companies for fueling their marine fleet is commonly referred to as bunker fuel. Currently, fuel oil is the most widely used bunker fuel. However, apart from fuel oil, other middle distillate fuels are also utilized as bunker fuels. Bunker fuel costs account for approximately 70% of the total voyage expenditure for a vessel and ship operators prefer purchasing bunker fuel from ports where the cost is lower.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

Exxon Mobil, World Fuel Services, BP, Shell, China Marine Bunker, Bunker Holding, Total Marine Fuel, Chemoil, Bright Oil, Sinopec, Gazpromneft, GAC, China Changjiang Bunker (Sinopec), Southern Pec, Lukoil-Bunker, Alliance Oil Company, Shanghai Lonyer Fuels

In the bunker industry, there are two primary kinds of fuels currently being used; distillate fuel and residual fuel. Among the two, distillate fuel accounted for around 80.37% of global bunker consumption in 2015. In recent years, liquefied natural gas (LNG) as a bunker fuel also gets much attentions in the bunker fuel market.

Segmentation by product type: breakdown data from 2014 to 2019, and forecast to 2024

  • Distillate Fuel Oil
  • Residual Fuel Oil
  • LNG

Segmentation by application: breakdown data from 2014 to 2019 and forecast to 2024

  • Tanker Vessels
  • Container Vessels
  • Bulk Vessels
  • General Cargo Vessels
  • Others

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At present, Southeast Asia, EU, the US, China and Japan have most of the refueling ports. Singapore port is the world largest refueling port. EU follows the Singapore bunker fuel market in terms of consumption with leading ports like Rotterdam and Antwerp, etc. The United States is another key market for the global bunker fuel industry. China is also being the main contributors to this industry with world leading ports like Shanghai Port and Shenzhen Port, etc.

Table Of Content

Section 1 Bunker Fuel Definition

Section 2 Global Bunker Fuel Market Major Player Share and Market Overview

Section 3 Major Player Bunker Fuel Business Introduction

Section 4 Global Bunker Fuel Market Segmentation (Region Level)

Section 5 Global Bunker Fuel Market Segmentation (Type Level)

Section 7 Bunker Fuel Market Forecast

Section 8 Bunker Fuel Segmentation Type

Section 9 Bunker Fuel Segmentation Industry

Section 10 Bunker Fuel Cost Analysis

Section 11 Conclusion

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 Key Benefits

  • This study provides an in-depth analysis of the Bunker Fuel market with current trends and future forecasts, revealing impending investment pockets.
  • This report will help you determine the dominant opportunities by providing information on current and future trends in Bunker Fuel market
  • A comprehensive analysis of the factors limiting and regulating the growth of the Bunker Fuel market was provided.
  • We identified factors that could help change market scenarios, increase opportunities, and identify key companies that could impact this market on a regional scale.
  • Key market participants in the market are profiled in this report and strategies are thoroughly analyzed to help them understand the Bunker Fuel market potential of the market.

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