The market is driven by the increasing global volume of seaborne trade, expansion of marine fleets, and increasing global refining capacity
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The bunker fuel market is forecasted to grow by USD 30.1 billion during 2023-2028, accelerating at a CAGR of 4.18% during the forecast period. The report on the bunker fuel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing naval expenditure, increase in global seaborne trade, and growth of the shipping industry.
The bunker fuel market is segmented as below:
By Type
- MGO
- HSFO
- VLFSO
By Application
- Container
- Bulk carrier
- Oil tanker
- General cargo
- Chemical tanker
By Geographical Landscape
- APAC
- Europe
- Middle East and Africa
- North America
- South America
The report on the bunker fuel market covers the following areas:
- Bunker fuel market sizing
- Bunker fuel market forecast
- Bunker fuel market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global bunker fuel market: BP Plc, Chevron Corp., Eni SpA, Exxon Mobil Corp., Gulf Agency Co. Ltd., Indian Oil Corp. Ltd., Marathon Petroleum Corp., Marquard and Bahls AG, Neste Corp., PETRONAS Chemicals Group Berhad, PJSC LUKOIL, Rosneft Oil Co., Saudi Arabian Oil Co., Shell plc, and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing LNG market."
According to the report, one of the major drivers for this market is the increasing naval expenditure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BP Plc
- Chevron Corp.
- Eni SpA
- Exxon Mobil Corp.
- Gulf Agency Co. Ltd.
- Indian Oil Corp. Ltd.
- Marathon Petroleum Corp.
- Marquard and Bahls AG
- Neste Corp.
- PETRONAS Chemicals Group Berhad
- PJSC LUKOIL
- Rosneft Oil Co.
- Saudi Arabian Oil Co.
- Shell plc
- TotalEnergies SE
