Global Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Region: Trend Forecast and Growth Opportunity

January 2023 | 162 pages | ID: G4E66D226D0FEN
GMD Research

Abstracts

Global bunker fuel market will reach $228,800 million by 2032, growing by 5.1% annually over 2022-2032, driven by the escalating demand for international seaborne trade, the rising oil and gas exploration activities in deep offshore areas, the government supports on strengthening geographical border security, and the rising R&D projects to develop clean and eco-friendly fuels.

Highlighted with 81 tables and 81 figures, this 162-page report “Global Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global bunker fuel market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global bunker fuel market in every aspect of the classification from perspectives of Fuel Type, Fuel Grade, Vessel Type, Seller Type, and Region.

Based on Fuel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Very Low Sulfur Fuel Oil (VLSFO)
• High Sulfur Fuel Oil (HSFO)
• Marine Gas Oil (MGO)
• Liquefied Natural Gas (LNG)
• Other Fuel Types

Based on Fuel Grade, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Bunker A
• Bunker B
• Bunker C

By Vessel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Bulk Carriers
• Tankers
• Containers
• General Cargo
• Other Vessel Types

By Seller Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

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

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, Norway, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into France, Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Denmark, and Finland)
• APAC (Japan, China, Singapore, India, Malaysia, and Rest of APAC; Rest of APAC is further segmented into South Korea, Australia, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE?Saudi Arabia, Iran, and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Fuel Type, Vessel Type and Seller Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)
BP PLC
Bunker Holding A/S
Chevron Corporation
China COSCO Shipping Corporation Limited
Clipper Oil
Evergreen Marine Corp Taiwan Ltd.
Exxon Mobil Corporation
Fuel Suppliers
Gazprom Marine Bunker LLC
Gulf Agency Company Ltd.
Neste Corporation
Pacific International Lines Pte Ltd.
PJSC (Lukoil Oil Company)
Shell Plc
TotalEnergies SE
World Fuel Services Corporation
Yang Ming Marine Transport Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF GLOBAL MARKET BY FUEL TYPE

3.1 Market Overview by Fuel Type
3.2 Very Low Sulfur Fuel Oil (VLSFO)
3.3 High Sulfur Fuel Oil (HSFO)
3.4 Marine Gas Oil (MGO)
3.5 Liquefied Natural Gas (LNG)
3.6 Other Fuel Types

4 SEGMENTATION OF GLOBAL MARKET BY FUEL GRADE

4.1 Market Overview by Fuel Grade
4.2 Bunker A
4.3 Bunker B
4.4 Bunker C

5 SEGMENTATION OF GLOBAL MARKET BY VESSEL TYPE

5.1 Market Overview by Vessel Type
5.2 Bulk Carriers
5.3 Tankers
5.4 Containers
5.5 General Cargo
5.6 Other Vessel Types

6 SEGMENTATION OF GLOBAL MARKET BY SELLER TYPE

6.1 Market Overview by Seller Type
6.2 Major Oil Companies
6.3 Leading Independent Sellers
6.4 Small Independent Sellers

7 SEGMENTATION OF GLOBAL MARKET BY REGION

7.1 Geographic Market Overview 2022-2032
7.2 North America Market 2022-2032 by Country
  7.2.1 Overview of North America Market
  7.2.2 U.S.
  7.2.3 Canada
  7.2.4 Mexico
7.3 European Market 2022-2032 by Country
  7.3.1 Overview of European Market
  7.3.2 Germany
  7.3.3 U.K.
  7.3.4 Norway
  7.3.5 Spain
  7.3.6 Italy
  7.3.7 Netherlands
  7.3.8 Rest of European Market
7.4 Asia-Pacific Market 2022-2032 by Country
  7.4.1 Overview of Asia-Pacific Market
  7.4.2 Japan
  7.4.3 China
  7.4.4 Singapore
  7.4.5 India
  7.4.6 Malaysia
  7.4.7 Rest of APAC Region
7.5 South America Market 2022-2032 by Country
  7.5.1 Argentina
  7.5.2 Brazil
  7.5.3 Chile
  7.5.4 Rest of South America Market
7.6 MEA Market 2022-2032 by Country
  7.6.1 UAE
  7.6.2 Saudi Arabia
  7.6.3 Iran
  7.6.4 Other National Markets

8 COMPETITIVE LANDSCAPE

8.1 Overview of Key Vendors
8.2 New Product Launch, Partnership, Investment, and M&A
8.3 Company Profiles
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)

BP PLC

Bunker Holding A/S
Chevron Corporation
China COSCO Shipping Corporation Limited
Clipper Oil
Evergreen Marine Corp Taiwan Ltd.
Exxon Mobil Corporation
Fuel Suppliers
Gazprom Marine Bunker LLC
Gulf Agency Company Ltd.
Neste Corporation
Pacific International Lines Pte Ltd.
PJSC (Lukoil Oil Company)
Shell Plc
TotalEnergies SE
World Fuel Services Corporation
Yang Ming Marine Transport Corporation

RELATED REPORTS

List Of Tables

LIST OF TABLES:

Table 1. Snapshot of Global Bunker Fuel Market in Balanced Perspective, 2022-2032
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons
Table 5. Main Product Trends and Market Opportunities in Global Bunker Fuel Market
Table 6. Global Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 7. Global Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn
Table 8. Global Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 9. Global Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 10. Global Bunker Fuel Market by Region, 2022-2032, $ mn
Table 11. Leading National Bunker Fuel Market, 2022 and 2032, $ mn
Table 12. North America Bunker Fuel Market by Country, 2022-2032, $ mn
Table 13. U.S. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 14. U.S. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 15. U.S. Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 16. Canada Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 17. Canada Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 18. Canada Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 19. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 20. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 21. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 22. Europe Bunker Fuel Market by Country, 2022-2032, $ mn
Table 23. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 24. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 25. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 26. U.K. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 27. U.K. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 28. U.K. Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 29. Norway Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 30. Norway Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 31. Norway Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 32. Spain Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 33. Spain Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 34. Spain Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 35. Italy Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 36. Italy Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 37. Italy Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 38. Netherlands Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 39. Netherlands Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 40. Netherlands Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 41. Bunker Fuel Market in Rest of Europe by Country, 2022-2032, $ mn
Table 42. APAC Bunker Fuel Market by Country, 2022-2032, $ mn
Table 43. Japan Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 44. Japan Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 45. Japan Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 46. China Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 47. China Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 48. China Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 49. Singapore Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 50. Singapore Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 51. Singapore Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 52. India Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 53. India Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 54. India Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 55. Malaysia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 56. Malaysia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 57. Malaysia Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 58. Bunker Fuel Market in Rest of APAC by Country/Region, 2022-2032, $ mn
Table 59. South America Bunker Fuel Market by Country, 2022-2032, $ mn
Table 60. Argentina Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 61. Argentina Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 62. Argentina Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 63. Brazil Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 64. Brazil Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 65. Brazil Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 66. Chile Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 67. Chile Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 68. Chile Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 69. MEA Bunker Fuel Market by Country, 2022-2032, $ mn
Table 70. UAE Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 71. UAE Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 72. UAE Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 73. Saudi Arabia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 74. Saudi Arabia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 75. Saudi Arabia Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 76. Iran Bunker Fuel Market by Fuel Type, 2022-2032, $ mn
Table 77. Iran Bunker Fuel Market by Vessel Type, 2022-2032, $ mn
Table 78. Iran Bunker Fuel Market by Seller Type, 2022-2032, $ mn
Table 79. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot
Table 80. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation
Table 81. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio

List Of Figures

LIST OF FIGURES:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032
Figure 4. Global Bunker Fuel Market, 2022-2032, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Bunker Fuel Market
Figure 7. World Shipbuilding Capacity by Country, 2013 – 2026F, million CGT
Figure 8. Fleet Market by Region of Beneficial Ownership, 2022, Millions of dead-weight tons
Figure 9. World Crude Oil Production, 2000-2021, million tons
Figure 10. Primary Restraints and Impact Factors of Global Bunker Fuel Market
Figure 11. Investment Opportunity Analysis
Figure 12. Porter’s Fiver Forces Analysis of Global Bunker Fuel Market
Figure 13. Breakdown of Global Bunker Fuel Market by Fuel Type, 2022-2032, % of Revenue
Figure 14. Global Addressable Market Cap in 2023-2032 by Fuel Type, Value ($ mn) and Share (%)
Figure 15. Global Bunker Fuel Market by Fuel Type: Very Low Sulfur Fuel Oil (VLSFO), 2022-2032, $ mn
Figure 16. Global Bunker Fuel Market by Fuel Type: High Sulfur Fuel Oil (HSFO), 2022-2032, $ mn
Figure 17. Total Number of Ships with Scrubbers Installed by the End of 2020 by Ship Type
Figure 18. Global Bunker Fuel Market by Fuel Type: Marine Gas Oil (MGO), 2022-2032, $ mn
Figure 19. Global Bunker Fuel Market by Fuel Type: Liquefied Natural Gas (LNG), 2022-2032, $ mn
Figure 20. World Cumulative LNG Carrier Fleet, 1991-2020
Figure 21. World Combined Capacity of LNG Carriers, 1991-2020, MTPA
Figure 22. Global Bunker Fuel Market by Fuel Type: Other Fuel Types, 2022-2032, $ mn
Figure 23. Breakdown of Global Bunker Fuel Market by Fuel Grade, 2022-2032, % of Sales Revenue
Figure 24. Global Addressable Market Cap in 2023-2032 by Fuel Grade, Value ($ mn) and Share (%)
Figure 25. Global Bunker Fuel Market by Fuel Grade: Bunker A, 2022-2032, $ mn
Figure 26. Global Bunker Fuel Market by Fuel Grade: Bunker B, 2022-2032, $ mn
Figure 27. Global Bunker Fuel Market by Fuel Grade: Bunker C, 2022-2032, $ mn
Figure 28. Breakdown of Global Bunker Fuel Market by Vessel Type, 2022-2032, % of Sales Revenue
Figure 29. Global Addressable Market Cap in 2023-2032 by Vessel Type, Value ($ mn) and Share (%)
Figure 30. Global Bunker Fuel Market by Vessel Type: Bulk Carriers, 2022-2032, $ mn
Figure 31. Global Bunker Fuel Market by Vessel Type: Tankers, 2022-2032, $ mn
Figure 32. Global Bunker Fuel Market by Vessel Type: Containers, 2022-2032, $ mn
Figure 33. Global Bunker Fuel Market by Vessel Type: General Cargo, 2022-2032, $ mn
Figure 34. Global Bunker Fuel Market by Vessel Type: Other Vessel Types, 2022-2032, $ mn
Figure 35. Breakdown of Global Bunker Fuel Market by Seller Type, 2022-2032, % of Revenue
Figure 36. Global Addressable Market Cap in 2023-2032 by Seller Type, Value ($ mn) and Share (%)
Figure 37. Global Bunker Fuel Market by Seller Type: Major Oil Companies, 2022-2032, $ mn
Figure 38. Global Bunker Fuel Market by Seller Type: Leading Independent Sellers, 2022-2032, $ mn
Figure 39. Global Bunker Fuel Market by Seller Type: Small Independent Sellers, 2022-2032, $ mn
Figure 40. Global Market Snapshot by Region
Figure 41. Geographic Spread of Worldwide Bunker Fuel Market, 2022-2032, % of Sales Revenue
Figure 42. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%)
Figure 43. North American Bunker Fuel Market, 2022-2032, $ mn
Figure 44. Breakdown of North America Bunker Fuel Market by Country, 2022 and 2032, % of Revenue
Figure 45. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 46. U.S. Bunker Fuel Market, 2022-2032, $ mn
Figure 47. Canada Bunker Fuel Market, 2022-2032, $ mn
Figure 48. Bunker Fuel Market in Mexico, 2022-2032, $ mn
Figure 49. European Bunker Fuel Market, 2022-2032, $ mn
Figure 50. Breakdown of European Bunker Fuel Market by Country, 2022 and 2032, % of Revenue
Figure 51. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 52. Bunker Fuel Market in Germany, 2022-2032, $ mn
Figure 53. Bunker Fuel Market in U.K., 2022-2032, $ mn
Figure 54. Bunker Fuel Market in Norway, 2022-2032, $ mn
Figure 55. Bunker Fuel Market in Spain, 2022-2032, $ mn
Figure 56. Bunker Fuel Market in Italy, 2022-2032, $ mn
Figure 57. Bunker Fuel Market in Netherlands, 2022-2032, $ mn
Figure 58. Bunker Fuel Market in Rest of Europe, 2022-2032, $ mn
Figure 59. Asia-Pacific Bunker Fuel Market, 2022-2032, $ mn
Figure 60. Breakdown of APAC Bunker Fuel Market by Country, 2022 and 2032, % of Revenue
Figure 61. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 62. Bunker Fuel Market in Japan, 2022-2032, $ mn
Figure 63. Bunker Fuel Market in China, 2022-2032, $ mn
Figure 64. Bunker Fuel Market in Singapore, 2022-2032, $ mn
Figure 65. Bunker Fuel Market in India, 2022-2032, $ mn
Figure 66. Bunker Fuel Market in Malaysia, 2022-2032, $ mn
Figure 67. Bunker Fuel Market in Rest of APAC, 2022-2032, $ mn
Figure 68. South America Bunker Fuel Market, 2022-2032, $ mn
Figure 69. Breakdown of South America Bunker Fuel Market by Country, 2022 and 2032, % of Revenue
Figure 70. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 71. Bunker Fuel Market in Argentina, 2022-2032, $ mn
Figure 72. Bunker Fuel Market in Brazil, 2022-2032, $ mn
Figure 73. Bunker Fuel Market in Chile, 2022-2032, $ mn
Figure 74. Bunker Fuel Market in Rest of South America, 2022-2032, $ mn
Figure 75. Bunker Fuel Market in Middle East and Africa (MEA), 2022-2032, $ mn
Figure 76. Breakdown of MEA Bunker Fuel Market by Country, 2022 and 2032, % of Revenue
Figure 77. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 78. Bunker Fuel Market in UAE, 2022-2032, $ mn
Figure 79. Bunker Fuel Market in Saudi Arabia, 2022-2032, $ mn
Figure 80. Bunker Fuel Market in Iran, 2022-2032, $ mn
Figure 81. Growth Stage of Global Bunker Fuel Industry over the Forecast Period