Global Bunker Fuel Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025 Bunker fuel is the term used to describe the oil used in the bunkers of heavy, deep-sea cargo ships to power its engines. These cargo ships usually use heavy residue oil left after the extraction of lighter fractions like diesel, gasoline, and other light hydrocarbons. Bunker fuel is also called as fuel oil and is a thick and highly viscous oil, sometimes requiring heating or mixing with 10% diesel to burn. It is highly toxic, persistent, and biologically harmful. Global Bunker Fuel Market is expected to grow at a CAGR of 3.4% from 2017 to 2025.
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Increasing hydrocarbon resource development activities in offshore areas resulting in increased requirement for bunker fuel are expected to increase the market demand for bunker fuel.
Rapidly increasing bunker requirements in crude oil and product tankers is anticipated to foster the demand for bunker fuel during the forecast period.
Restraints:
Fuel reduction initiatives by global shipping community is expected to reduce the demand for bunker fuel thereby causing a slow-down in the market during the forecast period.
Market Players: The top players in the global bunker fuel market include Aegean Marine Petroleum Network Inc., Chemoil Energy Limited, World Fuel Services Corporation, Gulf Agency Company Ltd., Gazpromneft Marine Bunker Ltd., BP Marine Ltd., Exxon Mobil Corporation, Royal Dutch Shell PLC, Bunker Holding A/S, and Lukoil-Bunker LLC. By Fuel Grade
Intermediate Fuel Oil (IFO) 380
Intermediate Fuel Oil (IFO) 180
Intermediate Fuel Oil (IFO) Others
Marine Gas Oil (MGO)/Marine Diesel Oil (MDO)
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Container Vessels
Tankers Vessels
Bulk & General Cargo Vessels
Other Vessels
By Geography
North America o
U.S.
o
Canada
o
Mexico
Europe o
UK
o
Germany
o
France
o
Spain
o
Italy
o
Rest of Europe
Asia-Pacific o
China
o
Japan
o
India
o
Australia
o
South Korea
o
Rest of Asia-Pacific
LAMEA o
Brazil
o
Saudi Arabia
o
Argentina
o
Rest of LAMEA
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Table of Content for 1. Executive summary 1.1. Key Findings 1.2. Market Attractiveness and Trend analysis 1.3. Competitive Landscape and recent industry development analysis 2. Introduction 2.1. Report Description 2.2. Scope and Definitions 2.3. Research Methodology 3. Market landscape 3.1. Growth Drivers 3.1.1. Impact Analysis 3.2. Restrains and Challenges 3.2.1. Impact Analysis 3.3. Porter ’s Analysis 3.3.1. Bargaining power of buyers 3.3.2. Bargaining power of suppliers 3.3.3. Threat of substitutes 3.3.4. Industry rivalry 3.3.5. Threat of new entrants 3.4. Global Bunker Fuel Market Shares Analysis, 2014-2025
Continued…
List of Tables
Contain 33 Tables
List of Figures Contain 46 Figures
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