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Market Research Report
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1029225

Bunker Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 146 Pages | Delivery time: 2-3 business days

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Bunker Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: September 16, 2021
IMARC Services Private Limited
Content info: 146 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

The global bunker fuel market reached a value of US$ 123.9 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 155.2 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Bunker fuel, also known as a marine fuel, is a heavy, residual oil used to power the motors or engines of the marine fleet. It is obtained after extracting gasoline, diesel and other light hydrocarbons from crude oil during the fractional distillation in refineries. It is a viscous liquid with a characteristic odor that contains high sulfur content and can be reduced using different processes. The small quantity of lighter fuel, such as diesel, is also mixed to make it less thick.

Rapid globalization, along with the escalating demand for international seaborne trade, has increased export and import activities worldwide. This represents one of the major factors bolstering the market growth. Apart from this, the rising oil and gas exploration activities in deep offshore areas are acting as another major growth-inducing factor. Furthermore, as vessels have a large load-bearing capacity compared to other transportation modes, there is an increase in the demand for bunker oil to refuel vessels during sailing. Moreover, governments of several countries are focusing on strengthening geographical border security, which is increasing the number of naval fleets and contributing to the market growth. Besides this, with the growing environmental concerns, market players are investing in research and development (R&D) projects to develop clean, eco-friendly fuels. However, the market has been adversely impacted due to the outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries, which has restricted sea trade activities across the globe. The market is expected to regain growth as normaly is regained.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global bunker fuel market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on fuel type, vessel type and seller.

Breakup by Fuel Type:

  • High Sulfur Fuel Oil (HSFO)
  • Very Low Sulfur Fuel Oil (VLSFO)
  • Marine Diesel Oil (MDO)
  • Liquefied Natural Gas (LNG)

Breakup by Vessel Type:

  • Containers
  • Tankers
  • General Cargo
  • Bulk Carrier
  • Others

Breakup by Seller:

  • Major Oil Companies
  • Leading Independent Sellers
  • Small Independent Sellers

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The report has also analysed the competitive landscape of the market with some of the key players being Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG), BP Plc, Chevron Corporation, Exxon Mobil Corporation, Gazprom Neft PJSC (Gazprom), LUKOIL, Neste Oyj, Petroliam Nasional Berhad (PETRONAS), Royal Dutch Shell Plc and TOTAL S.A.
Table of Contents
Product Code: SR1020F175_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Bunker Fuel Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Fuel Type

  • 6.1 High Sulfur Fuel Oil (HSFO)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Very Low Sulfur Fuel Oil (VLSFO)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Marine Diesel Oil (MDO)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Liquefied Natural Gas (LNG)
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Vessel Type

  • 7.1 Containers
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Tankers
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 General Cargo
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Bulk Carrier
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Seller

  • 8.1 Major Oil Companies
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Leading Independent Sellers
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Small Independent Sellers
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 BP Plc
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Chevron Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Exxon Mobil Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Gazprom Neft PJSC (Gazprom)
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 LUKOIL
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Neste Oyj
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Petroliam Nasional Berhad (PETRONAS)
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 SWOT Analysis
    • 14.3.9 Royal Dutch Shell Plc
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 TOTAL S.A.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Bunker Fuel Market: Major Drivers and Challenges
  • Figure 2: Global: Bunker Fuel Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Bunker Fuel Market: Breakup by Fuel Type (in %), 2020
  • Figure 4: Global: Bunker Fuel Market: Breakup by Vessel Type (in %), 2020
  • Figure 5: Global: Bunker Fuel Market: Breakup by Seller (in %), 2020
  • Figure 6: Global: Bunker Fuel Market: Breakup by Region (in %), 2020
  • Figure 7: Global: Bunker Fuel Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 8: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 9: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 10: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: Bunker Fuel (Containers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: Bunker Fuel (Containers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: Bunker Fuel (Tankers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: Bunker Fuel (Tankers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Global: Bunker Fuel (General Cargo) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Global: Bunker Fuel (General Cargo) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: Global: Bunker Fuel (Bulk Carrier) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: Global: Bunker Fuel (Bulk Carrier) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: Global: Bunker Fuel (Other Vessel Types) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: Global: Bunker Fuel (Other Vessel Types) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: Global: Bunker Fuel (Major Oil Companies) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: Global: Bunker Fuel (Major Oil Companies) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Global: Bunker Fuel (Leading Independent Sellers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Global: Bunker Fuel (Leading Independent Sellers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Global: Bunker Fuel (Small Independent Sellers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 31: Global: Bunker Fuel (Small Independent Sellers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 32: North America: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 33: North America: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 34: United States: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 35: United States: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 36: Canada: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 37: Canada: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 38: Asia Pacific: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 39: Asia Pacific: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 40: China: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020

Figure 41 China: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026

  • Figure 42: Japan: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 43: Japan: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 44: India: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 45: India: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 46: South Korea: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 47: South Korea: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 48: Australia: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 49: Australia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 50: Indonesia: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 51: Indonesia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 52: Others: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 53: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 54: Europe: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 55: Europe: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 56: Germany: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 57: Germany: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 58: France: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 59: France: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 60: United Kingdom: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 61: United Kingdom: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 62: Italy: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 63: Italy: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 64: Spain: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 65: Spain: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 66: Russia: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 67: Russia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 68: Others: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 69: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 70: Latin America: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 71: Latin America: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 72: Brazil: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 73: Brazil: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 74: Mexico: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 75: Mexico: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 76: Others: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 77: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 78: Middle East and Africa: Bunker Fuel Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 79: Middle East and Africa: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 80: Global: Bunker Fuel Industry: SWOT Analysis
  • Figure 81: Global: Bunker Fuel Industry: Value Chain Analysis
  • Figure 82: Global: Bunker Fuel Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Bunker Fuel Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: Bunker Fuel Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
  • Table 3: Global: Bunker Fuel Market Forecast: Breakup by Vessel Type (in Million US$), 2021-2026
  • Table 4: Global: Bunker Fuel Market Forecast: Breakup by Seller (in Million US$), 2021-2026
  • Table 5: Global: Bunker Fuel Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 6: Global: Bunker Fuel Market Structure
  • Table 7: Global: Bunker Fuel Market: Key Players