Global Bunker Fuel Market is Driven by Increase in Maritime Trade Activities and Seaborne Trade.

Bunker Fuel Market is estimated to grow at a CAGR of 9.50% for 2020 to 2027 with factors such as, fuel reduction initiatives by the shipping community, environmental concerns associated with carbon footprint caused by moving vessels and technological advancements for fuel efficient vessels, restraining the market growth in the above mentioned forecasted period.

Bunker fuel market has shown an exceptional penetration in developed economies in Asia-Pacific due to high demand for energy which requires better transportation and infrastructure, increase in investments, technological developments and increase in population in this region.

Bunker Fuel Market Scenario

According to Data Bridge Market Research bunker fuel market is witnessing a significant growth in developed economies during the forecast period of 2020-2027 due to factors such as, rise in the technological development in vessels and their engines and expanding fleet size of shipping vessels and rise in the number of shipping vessels to facilitate the movement of goods driving the market swiftly. Moreover, rise in the research and development activities, will further create opportunities for the bunker fuel market in the above mentioned forecast period.

Now the question is which are the other regions bunker fuel market is targeting? Data Bridge Market Research has estimated a large growth in North America bunker fuel market be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the bunker fuel market.

For more analysis on the bunker fuel market request for a briefing with our analysts.

 Scope of the Bunker Fuel Market

Bunker fuel market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA).

  • All country based analysis of bunker fuel market is further analyzed based on maximum granularity into further segmentation. On the basis of fuel, the bunker fuel market is segmented into high sulfur fuel oil (HSFO), very low sulfur fuel oil (VLSFO), marine diesel oil (MDO) and liquefied natural gas (LNG). On the basis of application, the bunker fuel market is segmented into tanker fleet, glass container fleet, bulk and general cargo fleet and others. On the basis of commercial distributor, the bunker fuel market is segmented into major oil companies, leading independent and small independent.
  • Bunker fuel is the generic term given to any fuel delivered to ships of all states that are engaged in international navigation. It is utilized by shipping corporations to fuel their marine fleet by pouring the product into the ship’s bunker to power its engines.  Residual fuel and distillate fuel are the two types of fuels mainly used in bunkers.

To know more about the study

Key Pointers Covered in Bunker Fuel Market and Forecast to 2027

  • Market Size
  •  Market New Sales Volumes
  •  Market Replacement Sales Volumes
  •  Market By Brands
  •  Market Procedure Volumes
  •  Market Product Price Analysis
  • Market Regulatory Framework and Changes
  •  Market Shares in Different Regions
  •  Recent Developments for Market Competitors
  •  Market Upcoming Applications
  •  Market Innovators Study

Key Market Competitors Covered in the report

  • Total
  • Marathon Petroleum Corporation
  • BP p.l.c
  • Gazprom
  • World Fuel Services Corporation
  • Exxon Mobil Corporation
  • Chevron Phillips Chemical Company
  • Royal Dutch ShellPlc
  • Neste
  • Brightoil Petroleum (Holdings) Limited
  • Saudi Arabian Oil Co
  • GAC
  • Chemoil Energy Limited
  • Bomin Bunker Holding
  • China Petrochemical Corporation
  • Minerva Bunkering
  • Petróleos Mexicanos
  •  Petroliam Nasional Berhad (PETRONAS)

Above are the key players covered in the report, to know about more and exhaustive list of bunker fuel market companies, contact us.

Research Methodology: Bunker Fuel Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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