Bunker Fuel Market, By Fuel Grade (IFO 380, IFO 180, IFO others, MDO/ MGO), By Vessel Type (Tankers, Containers, Bulk & General Cargo, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Description

Bunker Fuel Market is estimated to be valued at USD 33.08 Bn in 2025 and is expected to reach USD 53.47 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.1% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 33.08 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	7.10%	2032 Value Projection:	USD 53.47 Bn

Bunker fuel is also known as marine diesel or marine gasoil and is a final solid product obtained from oil refining. It is available in two forms: fuel grade and calcined grade. Power generation, construction, and metal industry are some of the major end-use of the bunker fuel. It is also used in the production of titanium and fertilizers.

Market Dynamics

Rapid industrialization and urbanization across emerging countries have significantly raised the demand for bunker fuel. Growth in the seaport trade has increased the consumption of fuels in ship bunkers, thereby fueling the market growth of the bunker fuel. Moreover, rising demand for petroleum products along with the increasing number of tanker vessels around the globe is further expected to foster the market growth of bunker fuel.

Increasing focus of bunker providers to open bunkering facilities in ports that are near offshore hydrocarbon is acting as a catalyst in the growth of the bunker fuel market. Increase in offshore production and exploration activities is also expected to foster the market growth of the bunker fuel over the forecast period. Moreover, the growing development of LNG bunkering infrastructure is further anticipated to spur the market growth.

Strict regulation regarding usage of bunker fuel as these contain pollutants such as sulfur and nitrogen is expected to hinder the market growth.

Key features of the study:

This report provides an in-depth analysis of global bunker fuel market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bunker fuel market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Chemoil Energy Limited, Aegean Marine Petroleum Network, Inc., World Fuel Services Corporation, Gulf Agency Company Ltd., Gazpromneft Marine Bunker LLC, BP Marine Ltd., Exxon Mobil Corporation, Royal Dutch Shell plc, Bunker Holding A/S, and Lukoil-Bunker LLC
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global bunker fuel market report caters to various stakeholders in this industry including investors, suppliers, sodium hypochlorite manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bunker fuel market.

Detailed Segmentation:

Global Bunker Fuel Market, By Fuel Grade:
- IPO 380
- IPO 180
- IPO Others
- MDO/MGO
Global Bunker Fuel Market, By Vessel type:
- Tankers
- Containers
- Bulk & General Cargo
- Others
Global Bunker Fuel Market, By Seller:
- Major Oil Companies
- Leading Independent Distributors
- Small Independent Distributors
Global Bunker Fuel Market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Company Profiles
- Chemoil Energy Limited
- Aegean Marine Petroleum Network, Inc.
- World Fuel Services Corporation
- Gulf Agency Company Ltd.
- Gazpromneft Marine Bunker LLC
- BP Marine Ltd.
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- Bunker Holding A/S
- Lukoil-Bunker LLC

Product Code: CMI4049

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Fuel Grade
- Market Snippet, By Vessel Type
- Market Snippet, By Seller
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
PEST Analysis
PORTER's Analysis
New Product Approvals/Launch
Promotion and Marketing Initiatives

4. Global Bunker Fuel Market - Impact of Coronavirus (Covid-19) Pandemic

Overview
Factors Affecting Global Bunker Fuel Market - COVID-19
Impact Analysis

5. Global Bunker Fuel Market, By Fuel Grade, 2025 - 2032 (US$ Billion)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
IFO 380
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
IFO 180
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
IFO Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
MDO/ MGO
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)

6. Global Bunker Fuel Market, By Vessel Type, 2020-2032 (US$ Billion)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Tankers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Containers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Bulk & General Cargo
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)

7. Global Bunker Fuel Market, By Seller, 2020-2032 (US$ Billion)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Major Oil Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Leading Independent Distributors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Small Independent Distributors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)

8. Global Bunker Fuel Market, By Region, 2020-2032 (US$ Billion)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
North America
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2025 - 2032
- Market Size and Forecast, By Fuel Grade, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Vessel Type, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Seller, 2020-2032 (US$ Billion)
- Countries
  - U.S
  - Canada
Latin America
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2025 - 2032
- Market Size and Forecast, By Fuel Grade, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Vessel Type, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Seller, 2020-2032 (US$ Billion)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2025 - 2032
- Market Size and Forecast, By Fuel Grade, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Vessel Type, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Seller, 2020-2032 (US$ Billion)
- Countries
  - U.K.
  - Germany
  - France
  - Italy
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2025 - 2032
- Market Size and Forecast, By Fuel Grade, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Vessel Type, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Seller, 2020-2032 (US$ Billion)
- Countries
  - China
  - India
  - Japan
  - Australia
  - ASEAN
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2025 - 2032
- Market Size and Forecast, By Fuel Grade, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Vessel Type, 2020-2032 (US$ Billion)
- Market Size and Forecast, By Seller, 2020-2032 (US$ Billion)
- Countries
Middle East
Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
Heat Map Analysis
- Chemoil Energy Limited
Company Overview
Product Portfolio
Recent Developments/Updates
- Aegean Marine Petroleum Network, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
- World Fuel Services Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Gulf Agency Company Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
- Gazpromneft Marine Bunker LLC
Company Overview
Product Portfolio
Recent Developments/Updates
- BP Marine Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
- Exxon Mobil Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- Royal Dutch Shell plc.
Company Overview
Product Portfolio
Recent Developments/Updates
- Bunker Holding A/S
Company Overview
Product Portfolio
Recent Developments/Updates
- Lukoil-Bunker LLC
Company Overview
Product Portfolio
Recent Developments/Updates

10. Section

References
Research Methodology
About Us and Sales Contact