Bunker Fuel Market Summary
As per MRFR Analysis, the Global Bunker Fuel Market was valued at USD 124.35 billion in 2023 and is projected to grow to USD 181.64 billion by 2032, with a CAGR of 4.30% from 2024 to 2032. The growth is driven by increasing demand in the shipping industry, stringent environmental regulations, and a shift towards cleaner fuels like LNG. The low sulfur fuel oil segment dominated the market, accounting for approximately 65-70% of revenue in 2021. The Asia-Pacific region led the market with a share of USD 43.61 billion in 2021, expected to grow at a CAGR of 4.32%. Major players are investing in R&D and strategic initiatives to enhance their market presence.
Key Market Trends & Highlights
Key trends influencing the Bunker Fuel Market include environmental regulations and increasing maritime trade.
- Bunker fuel market size in 2023: USD 124.35 billion.
- Projected market size by 2032: USD 181.64 billion.
- Low sulfur fuel oil segment held 65-70% market share in 2021.
- Asia-Pacific market size in 2021: USD 43.61 billion.
Market Size & Forecast
2023 Market Size: USD 124.35 billion
2032 Market Size: USD 181.64 billion
CAGR (2024-2032): 4.30%
Largest Regional Market Share in 2021: Asia-Pacific.
Major Players
Key companies include Neste Oyj, Titan LNG, Chemoil Energy Limited, Aegean Marine Petroleum Network, World Fuel Services Corporation, BP Marine Ltd., Exxon Mobil Corporation, Royal Dutch Shell plc, and Bunker Holding A/S.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Bunker fuel Market Trends
Increasing demand for global bunker fuel in the shipping industry and exploration activities to boost the market growth
Bunker fuel is used in the shipping industry and is used in high-performance and large vessels that transport many people and are in high demand, mostly because of their speed and the amount of cargo that it can hold. Bunker fuel is a heavy fuel oil that is used in ships and is most utilized by cruise liners, oil tankers, and container ships due to the fuel's high viscosity. Bunker fuel is used for power generation on larger vessels and is also used as fuel for heating and electricity.
Moreover, increasing hydrocarbon resource development activities in offshore areas is driving demand for bunker fuel. Rapidly growing exploration activities coupled with the rising establishment of new hydrocarbon reserves have increased offshore and onshore reserves. Moreover, growth in the oil &gas exploration activities at the deep offshore location is further anticipated to augment the market growth of bunker fuel.
The conversion of the current operating vessels into LNG-based vessels is highly expensive. Hence, it is not economically viable. However, the operational cost of LNG-based vessels is expected to be the least among all the fuel alternatives once the new emission regulations become applicable. Further, a gradual shift to LNG for propulsion is more advantageous, as compared to the traditional methods of fueling ships with heavy fuel oil, marine gas oil, marine diesel oil, bunker oil etc. LNG-based propulsion reduces carbon footprint significantly and increases the ship’s operational efficiency. Thus, all these factors contribute to the increasing demand for bunker fuel.
Figure 1: Average monthly price of very low sulfur fuel oil (VLSFO) from November 2019 to November 2022 (in U.S. dollars per metric ton)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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 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.
The shipping industry’s commitment to using LNG as a marine fuel continues to grow. As of 2020, according to the SEA-LNG, operational LNG vessels witnessed an astounding growth from 10 LNG operational vessels in 2010 to 175 in 2020. 2021 marked the growth of deep-sea vessel orders, with more than a dozen operators announcing multi-vessel orders. For instance, in 2021, CMA CGM S.A., a French container transportation company announced the operation of new 9 LNG container vessels and ordered ten new LNG vessels from Hyundai Heavy Industries. Thus, the increasing demand in Bunker fuel for shipping market driving the growth of the Bunker fuel market report revenue.
Bunker fuel Market Segment Insights
Bunker fuel type Insights
The  Bunker fuel market segmentation, based on type, high sulfur fuel oil, low sulfur fuel oil, marine gasoil, and others. The low sulfur fuel oil segment held the majority share in 2021 contributing to around ~65-70% in respect to the  Bunker fuel market revenue. This is primarily owing to the LNG as a Bunker Fuel. For instance, as per the CMA CGM S.A report, there is a rising LNG as a Bunker Fuel.
January 2021:Â Titan LNG secured the tender for the delivery of LNG in the Port of Marseille for Corsica Linea's new Ro-Pax LNG fueled ferry. This partnership indicates the expansion of Titan LNG's operation into the Mediterranean that will enhance the availability of LNG, bioLNG, and in the longer run, hydrogen-derived LNG in the region.
December 2021:Â Minerva Bunkering started offering marine fuels at Saudi Arabia's Red Sea ports of Yanbu and Jeddah. The company is owned by Mercuria Energy Group and is working with Aramco Trading and the Saudi Arabian Energy Ministry.
Bunker Fuel Commercial Distributor Insights
The  Bunker fuel market segmentation, based on commercial distributors, oil majors, large independent distributor, small independent distributor. The Oil Majors segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Bunker fuel is the fuel oil supplied to ships that are engaged in international navigation. International navigation takes place through sea, coastal waters, on waterways, and inland lakes. Bunker fuel is mainly classified into low sulfur fuel oil, high sulfur fuel oil, marine gas 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 high viscosity fuel oil. Bunkering is the term used to supply bunker fuel to ships or vessels that are further used in maritime trade operations. Hence, increasing maritime trade operations positively impacts market growth.
June 2020: According to the SEA-LNG, operational LNG vessels witnessed an astounding growth from 10 LNG operational vessels in 2010 to 175 in 2020. 2021 marked the growth of deep-sea vessel orders, with more than a dozen operators announcing multi-vessel orders. For instance, in 2021, CMA CGM S.A., a French container transportation company announced the operation of new 9 LNG container vessels and ordered ten new LNG vessels from Hyundai Heavy Industries. This has further increased market share in the  Bunker fuel industry.
Figure 2: Â Bunker fuel Market, by commercial distributor, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Additionally, a need to tackle the environmental pollution caused by conventional fuels used in ship bunkers, which will boost the bunker fuel market in the coming years.
Bunker fuel Application Insights
Based on application, the  Bunker fuel industry has been segmented into container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing vessels, gas tankers, and others. The container held the largest segment share in 2021, owing to the increased Rapid globalization, along with the escalating demand for international seaborne trade, has increased export and import activities worldwide. Bunker fuel is utilized by shipping corporations for fueling their marine fleet. Distillate fuel and residual fuel are the two types of fuels commonly used in bunkers. Of the two, residual fuel dominates the bunker fuel market, with around three-fourths of the share. The other segment is expected to bolster at a 4.32% CAGR during the assessed timeline.
Bunker fuel Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, Latin America, Middle east & South Africa. Asia-Pacific Bunker fuel dominating market accounted for USD 43.61 billion in 2021 and is expected to exhibit a 4.32 % CAGR during the study period. This is attributed to the expanding applications such container, bulk carrier, oil tanker, and others in the region. According to International maritime trade (IMT) in 2021, Â fleet increased by an overall 3.04% in 2021 compared to 2020 across all types except for General Cargo Ships and other ships.
Further, the major countries studied are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Â BUNKER FUEL MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Latin America Bunker fuel market accounts for the second-largest market share due to the growing demand for maritime trade. Further, the Mexico Bunker fuel market held the largest market share, and the Argentina Bunker fuel market was the fastest growing market in the Latin America region
The Asia-Pacific Bunker fuel Market is expected to grow at a CAGR of 4.32 % from 2022 to 2030. This is because of the region's storage of fuel and the increasing hydrocarbon resource development activities in offshore areas in developing nations like China and India. Moreover, China Bunker fuel market held the largest market share, and the India Bunker fuel market was the fastest growing market in the Asia-Pacific region
For instance, India Bunker fuel market is the favored destination for Bunker fuel manufacturers due to the rise in the number of manufacturing units and factories. On the other hand, Japan is famous for its providing ease in business. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Bunker fuel Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Bunker fuel market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Bunker fuel industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the  Bunker fuel industry to benefit clients and expand the Bunker fuel market sector is to manufacture locally to reduce operating costs. In recent years, Bunker fuel has provided the most significant benefits.
Neste Oyj (Finland) is an oil refining and marketing company that offers advanced and clean traffic fuels. It produces and sells gasoline; diesel fuel; aviation fuel; heating oil; light and heavy fuel oil; base oils; gasoline components; specialty fuels; solvents; liquid petroleum gas (LPG), bitumen and renewable diesel. The company undertakes direct sales and marketing of petroleum products around the Baltic region. It has operations in Finland, Northwest Russia, Estonia, Latvia, and Lithuania. It also exports oil to other markets, which include the US, Sweden, Canada, Germany, and the UK. The company markets its products to oil companies and companies that market oil, fuels, lubricants, and other special products. In August 2019, Neste has announced the launch of low-sulfur marine fuels to help ships meet upcoming International Maritime Organization (IMO) regulations on sulfur dioxide emissions.
Also, Titan LNG (Netherlands) is a leading supplier of liquefied natural gas (LNG) and liquefied biomethane (LBM) since 2012 when it was established in Amsterdam. Titan specializes in providing shipping customers with end-to-end clean fuel solutions. This includes project planning, supply, and delivery, as well as risk management and hedging services to mitigate price fluctuations. As an independent company, Titan can work with other suppliers of low-carbon and carbon-neutral marine fuels to enable reliable availability and supply anywhere in the world. In January 2022, Titan LNG, a leading, independent, and physical LBM and LNG supplier gained the tender for the delivery of LNG in the Port of Marseille for Corsica Linea's new Ro-Pax LNG fueled ferry. This partnership indicates the expansion of Titan LNG's operation into the Mediterranean will enhance the availability of LNG, bioLNG, and in the longer run, hydrogen-derived LNG in the region.
Key Companies in the Bunker fuel market include
- Chemoil Energy Limited (Hong Kong)
- Aegean Marine Petroleum Network, Inc. (Switzerland)
- Gulf Agency Company Ltd. (Dubai)
- Gazpromneft Marine Bunker LLC (Russia)
- Royal Dutch Shell plc (UK)
- Bunker Holding A/S (Denmark), among others
Bunker Fuel Industry Developments
March 2019:Â British Petroleum announced the launch of a new very-low Sulphur fuel oil, which is estimated to contain 0.5% Sulphur content in Amsterdam/Rotterdam/Antwerp and Singapore. Liquefied Natural Gas, hydrogen, and battery-powered hybrid vessels are the optimized possible alternatives for bunker fuels with high Sulphur content.
March 2020:Â Chinese Ministry of Finance offered tariff exemptions on U.S. petcoke imports as the impact of COVID-19 affected domestic petcoke production in the country.
Bunker fuel Market Segmentation
Bunker fuel Type Outlook
Bunker fuel Commercial Distributor Outlook
- Large Independent Distributor
- Small Independent Distributor
Bunker fuel Application Outlook
Bunker fuel Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 124.35 billion |
| Market Size 2024 |
USD 129.69 billion |
| Market Size 2032 |
USD 181.64 billion |
| Compound Annual Growth Rate (CAGR) |
4.30 % (2024-2032) |
| Base Year |
2023 |
| Forecast Period |
20224-2032 |
| Historical Data |
2019 & 2020 |
| Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Commercial Distributor, Application, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and MEA |
| Countries Covered |
The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Chemoil Energy Limited (Hong Kong), Aegean Marine Petroleum Network, Inc. (Switzerland), World Fuel Services Corporation (US), Gulf Agency Company Ltd. (Dubai), Gazpromneft Marine Bunker LLC (Russia), BP Marine Ltd. (UK), Exxon Mobil Corporation (US), Royal Dutch Shell plc (UK), Bunker Holding A/S (Denmark), |
| Key Market Opportunities |
Growth of alternative marine fuel |
| Key Market Dynamics |
High demand for bunker fuel |
Bunker Fuel Market Highlights:
Frequently Asked Questions (FAQ) :
The Bunker fuel market is USD 124.35 billion in 2023
The Bunker fuel market is expected to grow at a CAGR of 4.30%
Asia-Pacific held the largest market share in the Bunker fuel market
Gazpromneft Marine Bunker LLC (Russia), BP Marine Ltd. (UK), Exxon Mobil Corporation (US), Royal Dutch Shell plc (UK), are the key players
Low Sulfur Fuel oil led the Bunker fuel market
Container had the largest market share in the Bunker fuel market
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. MARKET RESEARCH METHODOLOGY
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. MARKET LANDSCAPE
4.1. Supply Chain Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitutes
4.2.5. Internal Rivalry
4.3. Impact of COVID-19 on Global Bunker Fuel Market
4.3.1. Impact on Production
4.3.2. Impact on Raw Commercial DistributorAvailability
4.3.3. Impact on Sales
4.3.4. Impact on Pricing
4.3.5. Others
5. MARKET DYNAMICS OF THE GLOBAL BUNKER FUEL MARKET
5.1. Introduction
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. GLOBAL BUNKER FUEL MARKET BY TYPE
6.1. Introduction
6.2. High Sulfur Fuel Oil
6.2.1. Market Estimates & Forecast 2019-2030
6.2.2. Market Estimates & Forecast by Region 2019-2030
6.3. Low Sulfur Fuel Oil
6.3.1. Market Estimates & Forecast 2019-2030
6.3.2. Market Estimates & Forecast by Region 2019-2030
6.4. Marine Gasoil
6.4.1. Market Estimates & Forecast 2019-2030
6.4.2. Market Estimates & Forecast by Region 2019-2030
6.5. Others
6.5.1. Market Estimates & Forecast 2019-2030
6.5.2. Market Estimates & Forecast by Region 2019-2030
7. GLOBAL BUNKER FUEL MARKET BY COMMERCIAL DISTRIBUTOR
7.1. Introduction
7.2. Oil Majors
7.2.1. Market Estimates & Forecast 2019-2030
7.2.2. Market Estimates & Forecast by Region 2019-2030
7.3. Large Independent Distributor
7.3.1. Market Estimates & Forecast 2019-2030
7.3.2. Market Estimates & Forecast by Region 2019-2030
7.4. Small Independent Distributor
7.4.1. Market Estimates & Forecast 2019-2030
7.4.2. Market Estimates & Forecast by Region 2019-2030
8. GLOBAL BUNKER FUEL MARKET BY APPLICATION
8.1. Introduction
8.2. Container
8.2.1. Market Estimates & Forecast 2019-2030
8.2.2. Market Estimates & Forecast by Region 2019-2030
8.3. Bulk Carrier
8.3.1. Market Estimates & Forecast 2019-2030
8.3.2. Market Estimates & Forecast by Region 2019-2030
8.4. Oil Tanker
8.4.1. Market Estimates & Forecast 2019-2030
8.4.2. Market Estimates & Forecast by Region 2019-2030
8.5. General Cargo
8.5.1. Market Estimates & Forecast 2019-2030
8.5.2. Market Estimates & Forecast by Region 2019-2030
8.6. Chemical Tanker
8.6.1. Market Estimates & Forecast 2019-2030
8.6.2. Market Estimates & Forecast by Region 2019-2030
8.7. Fishing Vessels
8.7.1. Market Estimates & Forecast 2019-2030
8.7.2. Market Estimates & Forecast by Region 2019-2030
8.8. Gas Tanker
8.8.1. Market Estimates & Forecast 2019-2030
8.8.2. Market Estimates & Forecast by Region 2019-2030
8.9. Others
8.9.1. Market Estimates & Forecast 2019-2030
8.9.2. Market Estimates & Forecast by Region 2019-2030
9. GLOBAL BUNKER FUEL MARKET BY REGION
9.1. Introduction
9.2. North America
9.2.1. Market Estimates & Forecast 2019-2030
9.2.2. Market Estimates & Forecast by Type 2019-2030
9.2.3. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.2.4. Market Estimates & Forecast by Application 2019-2030
9.2.5. Market Estimates & Forecast by Country 2019-2030
9.2.6. US
9.2.6.1. Market Estimates & Forecast by Type 2019-2030
9.2.6.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.2.6.3. Market Estimates & Forecast by Application 2019-2030
9.2.7. Canada
9.2.7.1. Market Estimates & Forecast by Type 2019-2030
9.2.7.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.2.7.3. Market Estimates & Forecast by Application 2019-2030
9.2.8. Mexico
9.2.8.1. Market Estimates & Forecast by Type 2019-2030
9.2.8.2. Merket Estimates & Forecast by Commercial Distributor 2019-2030
9.2.8.3. Market Estimates & Forecast by Application 2019-2030
9.3. Europe
9.3.1. Market Estimates & Forecast 2019-2030
9.3.2. Market Estimates & Forecast by Type 2019-2030
9.3.3. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.4. Market Estimates & Forecast by Application 2019-2030
9.3.5. Market Estimates & Forecast by Country 2019-2030
9.3.6. Germany
9.3.6.1. Market Estimates & Forecast by Type 2019-2030
9.3.6.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.6.3. Market Estimates & Forecast by Application 2019-2030
9.3.7. UK
9.3.7.1. Market Estimates & Forecast by Type 2019-2030
9.3.7.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.7.3. Market Estimates & Forecast by Application 2019-2030
9.3.8. France
9.3.8.1. Market Estimates & Forecast by Type 2019-2030
9.3.8.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.8.3. Market Estimates & Forecast by Application 2019-2030
9.3.9. Spain
9.3.9.1. Market Estimates & Forecast by Type 2019-2030
9.3.9.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.9.3. Market Estimates & Forecast by Application 2019-2030
9.3.10. Italy
9.3.10.1. Market Estimates & Forecast by Type 2019-2030
9.3.10.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.10.3. Market Estimates & Forecast by Application 2019-2030
9.3.11. Rest of Europe
9.3.11.1. Market Estimates & Forecast by Type 2019-2030
9.3.11.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.3.11.3. Market Estimates & Forecast by Application 2019-2030
9.4. Asia-Pacific
9.4.1. Market Estimates & Forecast 2019-2030
9.4.2. Market Estimates & Forecast by Type 2019-2030
9.4.3. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.4. Market Estimates & Forecast by Application 2019-2030
9.4.5. Market Estimates & Forecast by Country 2019-2030
9.4.6. China
9.4.6.1. Market Estimates & Forecast by Type 2019-2030
9.4.6.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.6.3. Market Estimates & Forecast by Application 2019-2030
9.4.7. Japan
9.4.7.1. Market Estimates & Forecast by Type 2019-2030
9.4.7.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.7.3. Market Estimates & Forecast by Application 2019-2030
9.4.8. India
9.4.8.1. Market Estimates & Forecast by Type 2019-2030
9.4.8.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.8.3. Market Estimates & Forecast by Application 2019-2030
9.4.9. Australia & New Zealand
9.4.9.1. Market Estimates & Forecast by Type 2019-2030
9.4.9.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.9.3. Market Estimates & Forecast by Application 2019-2030
9.4.10. Rest of Asia-Pacific
9.4.10.1. Market Estimates & Forecast by Type 2019-2030
9.4.10.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.4.10.3. Market Estimates & Forecast by Application 2019-2030
9.5. Rest of the World
9.5.1. Market Estimates & Forecast 2019-2030
9.5.2. Market Estimates & Forecast by Type 2019-2030
9.5.3. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.5.4. Market Estimates & Forecast by Application 2019-2030
9.5.5. Market Estimates & Forecast by Region 2019-2030
9.5.6. South America
9.5.6.1. Market Estimates & Forecast by Type 2019-2030
9.5.6.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.5.6.3. Market Estimates & Forecast by Application 2019-2030
9.5.7. Middle East
9.5.7.1. Market Estimates & Forecast by Type 2019-2030
9.5.7.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.5.7.3. Market Estimates & Forecast by Application 2019-2030
9.5.8. Africa
9.5.8.1. Market Estimates & Forecast by Type 2019-2030
9.5.8.2. Market Estimates & Forecast by Commercial Distributor 2019-2030
9.5.8.3. Market Estimates & Forecast by Application 2019-2030
10. COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Market Strategy
10.3. Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Service Developments/Agreements/Investments)
11. COMPANY PROFILES
11.1. BP p.l.c.
11.1.1. Company Overview
11.1.2. Financial Updates
11.1.3. Business Segment Overview
11.1.4. Strategies
11.1.5. Key Developments
11.1.6. SWOT Analysis
11.2. Exxon Mobil Corporation
11.2.1. Company Overview
11.2.2. Financial Updates
11.2.3. Business Segment Overview
11.2.4. Strategies
11.2.5. Key Developments
11.2.6. SWOT Analysis
11.3. Royal Dutch Shell PLC
11.3.1. Company Overview
11.3.2. Financial Updates
11.3.3. Business Segment Overview
11.3.4. Strategies
11.3.5. Key Developments
11.3.6. SWOT Analysis
11.4. Lukoil
11.4.1. Company Overview
11.4.2. Financial Updates
11.4.3. Business Segment Overview
11.4.4. Strategies
11.4.5. Key Developments
11.4.6. SWOT Analysis
11.5. Sinopec Group
11.5.1. Company Overview
11.5.2. Financial Updates
11.5.3. Business Segment Overview
11.5.4. Strategies
11.5.5. Key Developments
11.5.6. SWOT Analysis
11.6. Gazprom Neft PJSC
11.6.1. Company Overview
11.6.2. Financial Updates
11.6.3. Business Segment Overview
11.6.4. Strategies
11.6.5. Key Developments
11.6.6. SWOT Analysis
11.7. Chevron Corporation
11.7.1. Company Overview
11.7.2. Financial Updates
11.7.3. Business Segment Overview
11.7.4. Strategies
11.7.5. Key Developments
11.7.6. SWOT Analysis
11.8. PETRONAS
11.8.1. Company Overview
11.8.2. Financial Updates
11.8.3. Business Segment Overview
11.8.4. Strategies
11.8.5. Key Developments
11.8.6. SWOT Analysis
11.9. Total SE
11.9.1. Company Overview
11.9.2. Financial Updates
11.9.3. Business Segment Overview
11.9.4. Strategies
11.9.5. Key Developments
11.9.6. SWOT Analysis
11.10. Neste
11.10.1. Company Overview
11.10.2. Financial Updates
11.10.3. Business Segment Overview
11.10.4. Strategies
11.10.5. Key Developments
11.10.6. SWOT Analysis
12. CONCLUSION
LIST OF TABLES
TABLE 1 Global Bunker Fuel Market by Region 2019-2030 (USD Billion)
TABLE 2 Global Bunker Fuel Market by Type 2019-2030 (USD Billion)
TABLE 3 Global Bunker Fuel Market by Commercial Distributor 2019-2030 (USD Billion)
TABLE 4 Global Bunker Fuel Market by Application 2019-2030 (USD Billion)
TABLE 5 North America Bunker Fuel Market by Country 2019-2030 (USD Billion)
TABLE 6 North America Bunker Fuel Market by Type 2019-2030 (USD Billion)
TABLE 7 North America Bunker Fuel Market by Commercial Distributor 2019-2030 (USD Billion)
TABLE 8 North America Bunker Fuel Market by Application 2019-2030 (USD Billion)
TABLE 9 US Bunker Fuel Market by Type 2019-2030 (USD Billion)
TABLE 10 US Bunker Fuel Market by Commercial Distributor 2019-2030 (USD Billion)
TABLE 11 US Bunker Fuel Market by Application 2019-2030 (USD Billion)
TABLE 12 Canada Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 13 Canada Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 14 Canada Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 15 Mexico Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 16 Mexico Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 17 Mexico Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 18 Europe Bunker Fuel by Country 2019-2030 (USD Billion)
TABLE 19 Europe Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 20 Europe Bunker Fuel Market by Commercial Distributor 2019-2030 (USD Billion)
TABLE 21 Europe Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 22 Germany Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 23 Germany Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 24 Germany Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 25 France Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 26 France Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 27 France Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 28 Italy Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 29 Italy Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)\
TABLE 30 Italy Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 31 Spain Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 32 Spain Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 33 Spain Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 34 UK Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 35 UK Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 36 UK Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 37 Rest of Europe Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 38 Rest of Europe Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 39 Rest of Europe Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 40 Asia-Pacific Bunker Fuel by Country 2019-2030 (USD Billion)
TABLE 41 Asia-Pacific Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 42 Asia-Pacific Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 43 Asia-Pacific Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 44 China Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 45 China Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 46 China Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 47 India Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 48 India Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 49 India Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 50 Japan Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 51 Japan Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 52 Japan Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 53 Australia & New Zealand Bunker Fuelby Type 2019-2030 (USD Billion)
TABLE 54 Australia & New Zealand Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 55 Australia & New Zealand Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 56 Rest of Asia-Pacific Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 57 Rest of Asia-Pacific Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 58 Rest of Asia-Pacific Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 59 Rest of the World (RoW) Bunker Fuel by Region 2019-2030 (USD Billion)
TABLE 60 Rest of the World (RoW) Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 61 Rest of the World (RoW) Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 62 Rest of the World (RoW) Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 63 South America Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 64 South America Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 65 South America Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 66 Middle East Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 67 Middle East Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 68 Middle East Bunker Fuel by Application 2019-2030 (USD Billion)
TABLE 69 Africa Bunker Fuel by Type 2019-2030 (USD Billion)
TABLE 70 Africa Bunker Fuel by Commercial Distributor 2019-2030 (USD Billion)
TABLE 71 Africa Bunker Fuel by Application 2019-2030 (USD Billion)
LIST OF FIGURES
FIGURE 1 Global Bunker Fuel Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of the Global Bunker Fuel Market
FIGURE 4 Value Chain of the Global Bunker Fuel Market
FIGURE 5 Share of the Global Bunker Fuel Market in 2021 by Country (%)
FIGURE 6 Global Bunker Fuel Market by Region 2019-2030
FIGURE 7 Global Bunker Fuel Market Share by Type 2021 (%)
FIGURE 8 Global Bunker Fuel Market by Type 2019-2030
FIGURE 9 Global Bunker Fuel Market Share by Commercial Distributor 2021 (%)
FIGURE 10 Global Bunker Fuel Market by Commercial Distributor 2019-2030
FIGURE 11 Global Bunker Fuel Market Share by Application 2021 (%)
FIGURE 12 Global Bunker Fuel Market by Application 2019-2030
