The Global Sustainable Marine Fuel Market was valued at USD 0.22 Billion in 2023, and is expected to reach USD 3.40 Billion by 2028, rising at a CAGR of 59.4%.
This report provides an overview of the global sustainable marine fuel market. It presents a market analysis based on fuel type, vessel type, and region. The report also provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front.
Report Scope
The global sustainable marine fuel market determines the segments by fuel type, vessel type, and regional market analysis. The market sizing has been provided in value ($ millions) and volume (thousand tons). The report also covers competitive intelligence, which covers the ranking of prominent companies based on their product offerings in the sustainable marine fuel industry. The report provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front. The report covers SWOT analysis, Porter’s Five Forces analysis, and market dynamics. It also provides details of emerging technologies and developments happening globally in the sustainable marine fuel industry.
Report Includes
- An overview of the current and future global markets for sustainable marine fuels in the shipping industry
- Analyses of global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, projected CAGRs through 2028
- Estimates of the market size and revenue forecasts for the global sustainable marine fuel market, with market share analysis based on the fuel type, vessel type, and region
- Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG rankings, and consumer attitudes
- Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
- Profiles of the leading companies
Key Questions Answered:
What are the key factors driving the growth of the market?
The increasing need for decarbonization of the marine industry, favorable government policies, and stringent environmental policies and incentives are key factors driving the market.
Which vessel type segment will dominate the market by the end of 2028?
The containership segment will dominate the market by the end of 2028
Which fuel type segment will dominate the market by the end of 2028?
The biofuel segment will dominate the market by the end of 2028
Which region will dominate the market by the end of 2028?
Asia-Pacific holds the highest market share due to the growing seaborne trade by ports located in the region. Also, the increasing GHG emissions in the Countries such as China, India are accelerating the demand for clean fuel technologies.
Table of Contents
Companies Mentioned
- BP P.L.C.
- Cargill Inc.
- Chevron Renewable Energy Group
- DS Dansuk
- Exxon Mobil Corp.
- Goodfuels (Fincoenergies)
- Neste
- Shell Plc
- Totalenergies
- UPM
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 87 |
| Published | May 2024 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 0.22 Billion |
| Forecasted Market Value ( USD | $ 3.4 Billion |
| Compound Annual Growth Rate | 59.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
