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.
Scope of the Report:The global consumption of bunker fuel increases from 261.89 Million Tonnes in 2013 to 285.13 Million Tonnes in 2017, and expect to grow at a CAGR of 2.49% from 2017 to 2024. The major consumption is concentrated in United States, Europe, China, etc. Asia Pacific is another key market for the global bunker fuel industry, China and Singapore being the main contributors to this industry. In 2017, Singapore bunker fuel consumption share was about 17.76% in 2017. GCC Countries consumption share took 11.02% and USA consumption share took 8.69%. In 2017, China took about 8.45% production market share, even though China is on the top list of marine transportation countries. In terms of bunker ports, Singapore, Fujairah, Rotterdam, Busan, Kongkong and Antwerp.
The worldwide market for Bunker Fuel is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 155600 million US$ in 2023, from 98200 million US$ in 2017, according to a new study.
This report focuses on the Bunker Fuel in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Distillate Fuel Oil
Residual Fuel Oil
LNG
Market Segment by Applications, can be divided into Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Other
There are 15 Chapters to deeply display the global Bunker Fuel market.
Chapter 1, to describe Bunker Fuel Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Bunker Fuel, with sales, revenue, and price of Bunker Fuel, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Bunker Fuel, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Bunker Fuel market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026;
Chapter 13, 14 and 15, to describe Bunker Fuel sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
