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Bunker Fuel Market by Type, Commercial Distributor, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5237507
  • Report
  • November 2020
  • Region: Global
  • 417 pages
  • Allied Analytics LLP
The global bunker fuel market was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027.



Bunker fuel is the fuel oil/gas delivered to the ships that are engaged in international navigation. The international navigation takes place via sea, coastal waters, and on waterways and inland lakes. Bunker fuel is mainly classified into low sulfur fuel oil, high sulfur fuel oil, marine gas oil/marine diesel oil, and others. Marine gas oil is mostly used in small and highly rated diesel engines, which are found in many different ships. High sulfur fuel oil is the high viscosity fuel oil. Bunkering is the term used to supply bunker fuel to the ships or vessels that are further used in the maritime trade operations.

Rise in offshore exploration & production (E&P) activity and increase in seaborne trade are the factors that drive the growth of the global bunker fuel market. In addition, IMO's regulations of sulfur cap for marine fuels are also expected to drive the growth of the bunker fuel market. Moreover, increase in utilization of LNG as a marine fuel is anticipated to fuel the growth of the bunker fuel market during the forecast period. High investment cost involved in development of bunker fuel infrastructure and regulatory framework is anticipated to hamper the growth of the bunker fuel market.

The global bunker fuel market is segmented into type, commercial distributor, application, and region. Depending on type, the market is categorized into high sulfur fuel oil (HSFO), low sulfur fuel oil (LSFO), marine gasoil/marine diesel oil, and others. On the basis of commercial distributor, it is bifurcated into oil major, large independent, and small independent. The applications covered in the study include container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing vessels, gas tankers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the global bunker fuel market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the global bunker fuel market growth, in terms of value.
  • The key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which help to identify the prevailing market opportunities.
KEY MARKET SEGMENTS

By Type
  • High Sulfur Fuel Oil (HSFO)
  • Low Sulfur Fuel Oil (LSFO)
  • Marine Gasoil/Marine Diesel Oil
  • Others
By Commercial Distributor
  • Oil Major
  • Large Independent
  • Small Independent
By Application
  • Container
  • Bulk Carrier
  • Oil Tanker
  • General Cargo
  • Chemical Tanker
  • Fishing Vessels
  • Gas Tankers
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • UAE
  • Qatar
  • Kuwait
  • Iraq
  • Djibouti
  • East Africa (Except Djibouti)
  • Oman
  • Egypt
  • Rest of LAMEA
Key Market Players
  • BP p.l.c.
  • Exxon Mobil Corporation
  • Royal Dutch Shell PLC
  • Lukoil
  • Sinopec Group
  • Gazprom Neft PJSC
  • Chevron Corporation
  • PETRONAS
  • Total SE
  • Neste
Other players operating in the bunker fuel market are Saudi Arabian Oil Company, Marathon Petroleum Corporation, Valero Energy Corporation, Minerve Bunkering, World Fuel Services Corporation, Gac Bunker Fuels Limited, and Bomin Bunker Oil Corp.
Note: Product cover images may vary from those shown
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping the Market
3.3. Value Chain Analysis
3.4. Parent-Peer Market Overview, 2020
3.5. Top Investment Pockets
3.6. Market Share Analysis, 2019
3.7. Patent Analysis
3.7.1. By Region, 2013-2019
3.7.2. By Applicant, 2013-2019
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Imo Regulation on Sulfur Content in the Marine Fuel
3.8.1.2. Increase in Offshore Oil & Gas Exploration Activities
3.8.2. Restraints
3.8.2.1. Fuel Reduction Initiatives by the Shipping Community
3.8.3. Opportunity
3.8.3.1. Lng Bunkering Financing Opportunities
3.9. Impact of Key Regulations on the Global Bunker Fuel Market
3.9.1. Global Bunker Fuel Regulations
3.9.2. Global Adoption of Imo 2020
3.10. Impact of Covid-19 Outbreak on the Market
3.10.1. Changes in the Shipping and Port Sector Due to Covid-19
3.11. Ports and Their Suppliers
3.11.1. Port of Singapore
3.11.2. Port of Fujairah, Uae
3.11.3. Port of Rotterdam, the Netherlands
3.11.4. Port of Jeddah, Saudi Arabia
3.11.5. Port of Suez, Egypt
3.11.6. Port Elizabeth, South Africa
3.11.7. Port of Salalah, Oman

Chapter 4: Bunker Fuel Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. High Sulfur Fuel Oil
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Low Sulfur Fuel Oil
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Marine Gasoil/Marine Diesel Oil (Mgo/Mdo)
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Share Analysis, by Country

Chapter 5: Bunker Fuel Market, by Commercial Distributor
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Oil Majors
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Large Independent Distributor
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
5.4. Small Independent Distributors
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Share Analysis, by Country

Chapter 6: Bunker Fuel Market, by Application
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Container
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Share Analysis, by Country
6.3. Bulk Carrier
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Share Analysis, by Country
6.4. Oil Tanker
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Share Analysis, by Country
6.5. General Cargo
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Share Analysis, by Country
6.6. Chemical Tanker
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, by Region
6.6.3. Market Share Analysis, by Country
6.7. Fishing Vessels
6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast, by Region
6.7.3. Market Share Analysis, by Country
6.8. Gas Tankers
6.8.1. Key Market Trends, Growth Factors, and Opportunities
6.8.2. Market Size and Forecast, by Region
6.8.3. Market Share Analysis, by Country
6.9. Others
6.9.1. Key Market Trends, Growth Factors, and Opportunities
6.9.2. Market Size and Forecast, by Region
6.9.3. Market Share Analysis, by Country

Chapter 7: Bunker Fuel Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Type
7.2.3. Market Size and Forecast, by Commercial Distributor
7.2.4. Market Size and Forecast, by Application
7.2.5. Market Share Analysis, by Country
7.2.6. The U.S.
7.2.6.1. Market Size and Forecast, by Type
7.2.6.2. Market Size and Forecast, by Commercial Distributor
7.2.6.3. Market Size and Forecast, by Application
7.2.7. Canada
7.2.7.1. Market Size and Forecast, by Type
7.2.7.2. Market Size and Forecast, by Commercial Distributor
7.2.7.3. Market Size and Forecast, by Application
7.2.8. Mexico
7.2.8.1. Market Size and Forecast, by Type
7.2.8.2. Market Size and Forecast, by Commercial Distributor
7.2.8.3. Market Size and Forecast, by Application
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Type
7.3.3. Market Size and Forecast, by Commercial Distributor
7.3.4. Market Size and Forecast, by Application
7.3.5. Market Share Analysis, by Country
7.3.6. Germany
7.3.6.1. Market Size and Forecast, by Type
7.3.6.2. Market Size and Forecast, by Commercial Distributor
7.3.6.3. Market Size and Forecast, by Application
7.3.7. France
7.3.7.1. Market Size and Forecast, by Type
7.3.7.2. Market Size and Forecast, by Commercial Distributor
7.3.7.3. Market Size and Forecast, by Application
7.3.8. UK
7.3.8.1. Market Size and Forecast, by Type
7.3.8.2. Market Size and Forecast, by Commercial Distributor
7.3.8.3. Market Size and Forecast, by Application
7.3.9. Italy
7.3.9.1. Market Size and Forecast, by Type
7.3.9.2. Market Size and Forecast, by Commercial Distributor
7.3.9.3. Market Size and Forecast, by Application
7.3.10. Spain
7.3.10.1. Market Size and Forecast, by Type
7.3.10.2. Market Size and Forecast, by Commercial Distributor
7.3.10.3. Market Size and Forecast, by Application
7.3.11. Rest of Europe
7.3.11.1. Market Size and Forecast, by Type
7.3.11.2. Market Size and Forecast, by Commercial Distributor
7.3.11.3. Market Size and Forecast, by Application
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Type
7.4.3. Market Size and Forecast, by Commercial Distributor
7.4.4. Market Size and Forecast, by Application
7.4.5. Market Share Analysis, by Country
7.4.6. China
7.4.6.1. Market Size and Forecast, by Type
7.4.6.2. Market Size and Forecast, by Commercial Distributor
7.4.6.3. Market Size and Forecast, by Application
7.4.7. Japan
7.4.7.1. Market Size and Forecast, by Type
7.4.7.2. Market Size and Forecast, by Commercial Distributor
7.4.7.3. Market Size and Forecast, by Application
7.4.8. India
7.4.8.1. Market Size and Forecast, by Type
7.4.8.2. Market Size and Forecast, by Commercial Distributor
7.4.8.3. Market Size and Forecast, by Application
7.4.9. South Korea
7.4.9.1. Market Size and Forecast, by Type
7.4.9.2. Market Size and Forecast, by Commercial Distributor
7.4.9.3. Market Size and Forecast, by Application
7.4.10. Singapore
7.4.10.1. Market Size and Forecast, by Type
7.4.10.2. Market Size and Forecast, by Commercial Distributor
7.4.10.3. Market Size and Forecast, by Application
7.4.11. Rest of Asia-Pacific
7.4.11.1. Market Size and Forecast, by Type
7.4.11.2. Market Size and Forecast, by Commercial Distributor
7.4.11.3. Market Size and Forecast, by Application
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Type
7.5.3. Market Size and Forecast, by Commercial Distributor
7.5.4. Market Size and Forecast, by Application
7.5.5. Market Share Analysis, by Country
7.5.6. Market Share Analysis, by Country
7.5.7. Brazil
7.5.7.1. Market Size and Forecast, by Type
7.5.7.2. Market Size and Forecast, by Commercial Distributor
7.5.7.3. Market Size and Forecast, by Application
7.5.8. South Africa
7.5.8.1. Market Size and Forecast, by Type
7.5.8.2. Market Size and Forecast, by Commercial Distributor
7.5.8.3. Market Size and Forecast, by Application
7.5.9. Saudi Arabia
7.5.9.1. Market Size and Forecast, by Type
7.5.9.2. Market Size and Forecast, by Commercial Distributor
7.5.9.3. Market Size and Forecast, by Application
7.5.10. Uae
7.5.10.1. Market Size and Forecast, by Type
7.5.10.2. Market Size and Forecast, by Commercial Distributor
7.5.10.3. Market Size and Forecast, by Application
7.5.11. Qatar
7.5.11.1. Market Size and Forecast, by Type
7.5.11.2. Market Size and Forecast, by Commercial Distributor
7.5.11.3. Market Size and Forecast, by Application
7.5.12. Kuwait
7.5.12.1. Market Size and Forecast, by Type
7.5.12.2. Market Size and Forecast, by Commercial Distributor
7.5.12.3. Market Size and Forecast, by Application
7.5.13. Iraq
7.5.13.1. Market Size and Forecast, by Type
7.5.13.2. Market Size and Forecast, by Commercial Distributor
7.5.13.3. Market Size and Forecast, by Application
7.5.14. Djibouti
7.5.14.1. Market Size and Forecast, by Type
7.5.14.2. Market Size and Forecast, by Commercial Distributor
7.5.14.3. Market Size and Forecast, by Application
7.5.15. East Africa (Except Djibouti)
7.5.15.1. Market Size and Forecast, by Type
7.5.15.2. Market Size and Forecast, by Commercial Distributor
7.5.15.3. Market Size and Forecast, by Application
7.5.16. Oman
7.5.16.1. Market Size and Forecast, by Type
7.5.16.2. Market Size and Forecast, by Commercial Distributor
7.5.16.3. Market Size and Forecast, by Application
7.5.17. Egypt
7.5.17.1. Market Size and Forecast, by Type
7.5.17.2. Market Size and Forecast, by Commercial Distributor
7.5.17.3. Market Size and Forecast, by Application
7.5.18. Rest of LAMEA
7.5.18.1. Market Size and Forecast, by Type
7.5.18.2. Market Size and Forecast, by Commercial Distributor
7.5.18.3. Market Size and Forecast, by Application

Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2019
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, by Year
8.2.2. Top Winning Strategies, by Development
8.2.3. Top Winning Strategies, by Company
8.3. Product Mapping of Top 10 Player
8.4. Competitive Heatmap
8.5. Competitive Dashboard
8.6. Key Developments
8.6.1. New Product Launches
8.6.2. Agreement
8.6.3. Partnerships
8.6.4. Acquisition
8.6.5. Business Expansions

Chapter 9: Company Profiles
9.1. Bp P. L. C.
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves and Developments
9.2. Exxon Mobil Corporation
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. Business Performance
9.2.6. Key Strategic Moves and Developments
9.3. Royal Dutch Shell plc
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. Business Performance
9.3.6. Key Strategic Moves and Developments
9.4. Lukoil
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Product Portfolio
9.4.5. Business Performance
9.4.6. Key Strategic Moves and Developments
9.5. Sinopec Group
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. Business Performance
9.5.6. Key Strategic Moves and Developments
9.6. Gazprom Neft Pjsc
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.6.6. Key Strategic Moves and Developments
9.7. Chevron Corporation
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Product Portfolio
9.7.5. Business Performance
9.8. Petroliam Nasional Berhad (Petronas)
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.8.5. Business Performance
9.8.6. Key Strategic Moves and Developments
9.9. Total Se
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.9.6. Key Strategic Moves and Developments
9.10. Neste
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance
9.10.6. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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