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超低硫黄燃料油（VLSFO）市場：製品タイプ別、用途別、エンドユーザー別、国別、地域別-2025～2032年の世界産業分析、市場規模、市場シェア、予測

Very Low Sulphur Fuel Oil (VLSFO) Market, By Product Type, By Application, By End-user, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

出版日
ページ情報
英文 377 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.69円
超低硫黄燃料油（VLSFO）市場：製品タイプ別、用途別、エンドユーザー別、国別、地域別-2025～2032年の世界産業分析、市場規模、市場シェア、予測
出版日: 2025年05月23日
発行: AnalystView Market Insights
ページ情報: 英文 377 Pages
納期: 2～3営業日
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概要

レポートハイライト

超低硫黄燃料油（VLSFO）の市場規模は2024年に678億9,700万米ドルとなり、2025～2032年のCAGRは19.8%で拡大しました。

VLSFOは、エンジン性能に必要な燃料特性を維持しつつ、所望の低硫黄含有率を達成するために、さまざまな精製ストリームをブレンドして製造されます。VLSFOの採用は、産業が液化天然ガス（LNG）や代替燃料など、よりサステイナブル選択肢に移行する間の過渡的なソリューションと考えられています。VLSFOは、海運セクタが二酸化炭素排出量を削減し、港湾や沿岸地域の大気環境を改善する上で重要な役割を果たします。しかし、VLSFOを使用する事業者にとっては、入手可能性、価格変動、既存エンジンとの互換性などが依然として重要な検討事項となっています。全体として、VLSFOは、世界的によりクリーンな船舶燃料基準への重要な一歩となります。

超低硫黄燃料油（VLSFO）市場-市場力学

国際海事機関の硫黄排出規制強化がVLSFO需要を牽引

超低硫黄燃料油（VLSFO）市場の主要促進要因は、国際海事機関（IMO）が定めた厳しい硫黄排出規制です。これらの規制は、船舶による大気汚染の削減を目的としており、船舶用燃料の硫黄含有量を0.5%以下に制限しています。その結果、船会社はこの環境基準を遵守するため、従来型高硫黄燃料からVLSFOのようなクリーンな代替燃料への切り替えを余儀なくされています。IMOの規制は世界規模で実施され、ほぼすべての商業船舶に影響を及ぼすため、VLSFOの需要は世界的に大きく伸びています。

これらの規制は、酸性雨や人間の呼吸器系障害の原因となる有害な硫黄酸化物の排出を削減するためのものです。VLSFOは、海運会社が重い罰金や運航制限を回避するのに役立つため、サステイナブル海上運航に不可欠な選択肢となっています。また、VLSFOへのシフトは、精製業者の技術革新とよりクリーンな燃料の生産を促し、市場の成長をさらに後押しします。全体として、IMOの硫黄上限規制は、VLSFO市場の採用と拡大を後押しする重要な規制促進要因となっています。

超低硫黄燃料油（VLSFO）市場-主要な洞察

弊社のリサーチアナリストの分析によると、世界市場は予測期間（2025～2032年）に約19.8%のCAGRで毎年成長すると予測されています。

製品タイプ別では、船舶用ガスオイルが2024年に最大市場シェアを示すと予測されています。

用途別では、2024年に船舶が主要用途となります。

エンドユーザー別では、2024年に主要エンドユーザーとなるのは海運企業です。

地域別では、アジア太平洋が2024年の売上高をリードしています。

超低硫黄燃料油（VLSFO）市場-セグメンテーション分析

世界の超低硫黄燃料油（VLSFO）市場は、製品タイプ、用途、エンドユーザー、地域に基づいてセグメント化されます。

市場は製品タイプに基づいて3つのカテゴリーに分けられます：舶用ガスオイル（MGO）、舶用ディーゼルオイル（MDO）、その他です。超低硫黄燃料油（VLSFO）市場のタイプ別セグメントで最も優勢なのは、舶用ガスオイル（MGO）です。MGOは硫黄含有量が低く、燃焼特性がクリーンであるため、IMOの硫黄規制に完全に適合しています。より重い燃料に比べて品質が良く、取り扱いが容易なため、小型船舶や補助エンジンに広く使用されています。また、MGOは加工や混合が少なくて済むため、燃料の品質を一定に保つことができます。MGOの人気は、エコフレンドリー船舶用燃料への需要の高まりと、世界の航路における排出基準の厳格化が原動力となっています。

市場は用途によって4つのカテゴリーに分けられます：輸送船舶、漁船、オフショア支援船、その他です。超低硫黄燃料油（VLSFO）市場の用途別セグメントは、海運（商用船）が圧倒的です。このセグメントがリードしているのは、コンテナ船、ばら積み貨物船、タンカーを含む商業船舶が世界の海上輸送量の大部分を占めているからです。これらの船舶は、硫黄排出を削減するための厳しい国際規制の対象であり、コンプライアンスを維持するためにVLSFOへのシフトを推進しています。商業船舶の燃料消費量が多いため、VLSFOのようなよりクリーンな燃料への需要が高まっています。さらに、運航効率と環境責任を両立させるという重要なニーズが、このセグメントを市場の主要な消費者にしています。

超低硫黄燃料油（VLSFO）市場-地理的洞察

アジア太平洋では、大規模な海運産業と多忙な港湾活動のため、超低硫黄燃料油（VLSFO）市場は大きな成長を遂げています。アジア太平洋には、世界で最も忙しい海上貿易ルートのいくつかがあり、VLSFOのような適合燃料への旺盛な需要を牽引しています。この地域の国々は国際海事機関の硫黄規制を積極的に採用しており、船会社に低硫黄代替燃料への切り替えを促しています。アジア太平洋には主要な精製ハブや港湾が存在し、VLSFOの入手可能性と供給を支えています。さらに、環境意識の高まりと海洋汚染削減のための政府の取り組みが、よりクリーンな燃料の使用をさらに後押ししています。しかし、燃料価格の変動や配合の複雑さといった課題も残っています。全体として、アジア太平洋は世界の海運におけるVLSFOの戦略的重要性と規制遵守により、VLSFOの主要市場となっています。

中国は、その広範な海運活動と世界最大級の貿易国としての地位により、超低硫黄燃料油（VLSFO）市場で重要な役割を果たしています。同国は、国際海事機関の硫黄規制を確実に遵守するため、厳格な規制を実施しています。中国の大規模な精製能力は、VLSFOの大量生産と混合を可能にし、国内外の需要を支えています。さらに、環境施策の高まりと海洋汚染削減への取り組みが、中国の港湾におけるよりクリーンな燃料の採用を後押ししています。規制による圧力と強力な海上貿易の組み合わせが、VLSFO市場における中国の重要な地位を支えています。

超低硫黄燃料油（VLSFO）市場-競合情勢

超低硫黄燃料油（VLSFO）市場の競合情勢は、生産、精製、エンドユーザーを支配する複数の世界の大手石油エネルギー企業の存在によって特徴付けられます。これらの企業は、国際海事機関の規制に適合した低硫黄燃料を生産するための精製能力に重点を置いています。競合要因は、燃料の品質、入手可能性、価格戦略、世界の主要海運ハブにVLSFOを供給する能力などがあります。

各社はまた、エンジンの適合性と性能を高めるため、燃料の配合や混合技術を改善する研究開発にも投資しています。市場シェアを確保するため、海運会社や港湾との戦略的提携や供給契約は一般的です。さらに、需要拡大に対応するため、企業は特にアジア太平洋などの主要地域で精製インフラを拡大しています。市場は、持続可能性への関心の高まりとともに進化しており、競合他社はVLSFOと並んで代替海洋燃料の探求を進めています。全体として、競合環境はダイナミックであり、大手製油会社はこのセグメントでのリーダーシップを維持するため、規制遵守、コスト効率、環境への影響のバランスを取ろうと努力しています。

目次

第1章 超低硫黄燃料油（VLSFO）市場概要

  • 調査範囲
  • 市場推定年数

第2章 エグゼクティブサマリー

  • 市場内訳
  • 競合考察

第3章 超低硫黄燃料油（VLSFO）の主要市場動向

  • 市場促進要因
  • 市場抑制要因
  • 市場機会
  • 市場の将来動向

第4章 超低硫黄燃料油（VLSFO）産業研究

  • PEST分析
  • ポーターのファイブフォース分析
  • 成長展望マッピング
  • 規制枠組み分析

第5章 超低硫黄燃料油（VLSFO）市場：高まる地政学的緊張の影響

  • COVID-19パンデミックの影響
  • ロシア・ウクライナ戦争の影響
  • 中東紛争の影響

第6章 超低硫黄燃料油（VLSFO）市場情勢

  • 超低硫黄燃料油（VLSFO）市場シェア分析、2024年
  • 主要メーカー別内訳データ
    • ベテラン選手の分析
    • 新興企業の分析

第7章 超低硫黄燃料油（VLSFO）市場-製品タイプ

  • 概要
    • 製品タイプ別セグメントシェア分析
    • 舶用ガスオイル（MGO）
    • 船用ディーゼル油（MDO）
    • その他

第8章 超低硫黄燃料油（VLSFO）市場-用途別

  • 概要
    • 用途別セグメントシェア分析
    • 輸送船舶
    • 漁船
    • オフショア支援船
    • その他

第9章 超低硫黄燃料油（VLSFO）市場-エンドユーザー別

  • 概要
    • エンドユーザー別セグメントシェア分析
    • 運送会社
    • 港湾当局
    • オフショア石油・ガス産業
    • その他

第10章 超低硫黄燃料油（VLSFO）市場-地域

  • イントロダクション
  • 北米
    • 概要
    • 北米の主要メーカー
    • 米国
    • カナダ
  • 欧州
    • 概要
    • 欧州の主要メーカー
    • ドイツ
    • 英国
    • フランス
    • イタリア
    • スペイン
    • オランダ
    • スウェーデン
    • ロシア
    • ポーランド
    • その他
  • アジア太平洋
    • 概要
    • アジア太平洋の主要メーカー
    • 中国
    • インド
    • 日本
    • 韓国
    • オーストラリア
    • インドネシア
    • タイ
    • フィリピン
    • その他
  • ラテンアメリカ
    • 概要
    • ラテンアメリカの主要メーカー
    • ブラジル
    • メキシコ
    • アルゼンチン
    • コロンビア
    • その他
  • 中東・アフリカ
    • 概要
    • 中東・アフリカの主要メーカー
    • サウジアラビア
    • アラブ首長国連邦
    • イスラエル
    • トルコ
    • アルジェリア
    • エジプト
    • その他

第11章 主要ベンダー分析-超低硫黄燃料油（VLSFO）産業

  • 競合ダッシュボード
    • Competitive Benchmarking
    • Competitive Positioning
  • 企業プロファイル
    • ExxonMobil
    • Shell
    • Chevron
    • BP
    • TotalEnergies
    • Sinopec
    • Valero Energy
    • Indian Oil Corporation
    • Marathon Petroleum
    • Lukoil
    • Petroleos de Venezuela
    • Equinor
    • Petronas
    • Repsol
    • Eni
    • Gazprom Neft
    • Royal Dutch Shell
    • SK Innovation

第12章 アナリストの全方位的展望

目次
Product Code: ANV5250

REPORT HIGHLIGHT

Very Low Sulphur Fuel Oil (VLSFO) Market size was valued at US$ 67,897 Million in 2024, expanding at a CAGR of 19.8% from 2025 to 2032.

Very Low Sulphur Fuel Oil (VLSFO) is a type of marine fuel designed to comply with strict environmental regulations that limit the amount of sulfur content in ship fuels. It is used primarily by the shipping industry to reduce air pollution caused by sulfur oxides emissions, which are harmful to both the environment and human health. VLSFO typically contains sulfur content of 0.5% or less, making it a cleaner alternative to traditional heavy fuel oils. This fuel helps shipping companies meet the International Maritime Organization's (IMO) sulfur cap regulations introduced to curb the environmental impact of shipping.

VLSFO is produced by blending different refinery streams to achieve the desired low sulfur content while maintaining the required fuel properties for engine performance. The adoption of VLSFO is seen as a transitional solution while the industry moves towards more sustainable options like liquefied natural gas (LNG) and alternative fuels. It plays a crucial role in helping the maritime sector reduce its carbon footprint and improve air quality near ports and coastal areas. However, the availability, price volatility, and compatibility with existing engines remain important considerations for operators using VLSFO. Overall, VLSFO represents a key step toward cleaner shipping fuel standards globally.

Very Low Sulphur Fuel Oil (VLSFO) Market- Market Dynamics

Stricter International Maritime Organization sulfur emission regulations driving VLSFO demand.

The primary driver for the Very Low Sulphur Fuel Oil (VLSFO) market is the stringent sulfur emission regulations set by the International Maritime Organization (IMO). These regulations, aimed at reducing air pollution from ships, limit the sulfur content in marine fuels to 0.5% or less. As a result, shipping companies are compelled to switch from traditional high-sulfur fuels to cleaner alternatives like VLSFO to comply with these environmental standards. The IMO's regulations are globally enforced, affecting almost all commercial vessels, which significantly boosts the demand for VLSFO worldwide.

These rules are designed to reduce harmful sulfur oxide emissions, which contribute to acid rain and respiratory problems in humans. Compliance helps shipping companies avoid heavy fines and operational restrictions, making VLSFO an essential choice for sustainable marine operations. The shift to VLSFO also encourages refiners to innovate and produce cleaner fuels, further supporting the market's growth. Overall, the IMO sulfur cap is a critical regulatory driver pushing the adoption and expansion of the VLSFO market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 19.8% over the forecast period (2025-2032)

Based on product type segmentation, Marine Gas Oil was predicted to show maximum market share in the year 2024

Based on application segmentation, Shipping Vessels was the leading application in 2024

Based on end-user segmentation, Shipping Companies was the leading end-user in 2024

On the basis of region, Asia Pacific was the leading revenue generator in 2024

Very Low Sulphur Fuel Oil (VLSFO) Market- Segmentation Analysis:

The Global Very Low Sulphur Fuel Oil (VLSFO) Market is segmented on the basis of Product Type, Application, End-user, and Region.

The market is divided into three categories based on product type: Marine Gas Oil (MGO), Marine Diesel Oil (MDO), and Others. The most dominant segment in the Very Low Sulphur Fuel Oil (VLSFO) market by type is Marine Gas Oil (MGO). MGO is favored because of its low sulfur content and cleaner combustion properties, making it fully compliant with IMO sulfur regulations. It is widely used in smaller vessels and auxiliary engines due to its better quality and ease of handling compared to heavier fuels. MGO also requires less processing and blending, which helps maintain consistent fuel quality. Its popularity is driven by the increasing demand for environmentally friendly marine fuels and stricter emission standards across global shipping routes.

The market is divided into four categories based on application: Shipping Vessels, Fishing Vessels, Offshore Support Vessels, Others. The dominant segment by application in the Very Low Sulphur Fuel Oil (VLSFO) market is Shipping (Commercial Vessels). This segment leads because commercial vessels, including container ships, bulk carriers, and tankers, make up the largest portion of global maritime traffic. These vessels are subject to strict international regulations to reduce sulfur emissions, driving their shift to VLSFO to remain compliant. The high fuel consumption of commercial shipping amplifies the demand for cleaner fuels like VLSFO. Additionally, the critical need to balance operational efficiency with environmental responsibility makes this segment the primary consumer in the market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Geographical Insights

In the Asia-Pacific (APAC) region, the Very Low Sulphur Fuel Oil (VLSFO) market is experiencing significant growth due to the region's large shipping industry and busy port activities. APAC is home to some of the world's busiest maritime trade routes, driving strong demand for compliant fuels like VLSFO. Countries in this region are actively adopting the International Maritime Organization's sulfur regulations, pushing shipping companies to switch to low-sulfur alternatives. The presence of major refining hubs and ports in APAC supports the availability and supply of VLSFO. Additionally, growing environmental awareness and government initiatives to reduce marine pollution further encourage the use of cleaner fuels. However, challenges such as fuel price fluctuations and blending complexities remain. Overall, APAC is a key market for VLSFO due to its strategic importance in global shipping and regulatory compliance.

China plays a crucial role in the Very Low Sulphur Fuel Oil (VLSFO) market due to its extensive shipping activities and status as one of the world's largest trading nations. The country has implemented strict regulations to ensure compliance with the International Maritime Organization's sulfur limits. China's large refining capacity enables significant production and blending of VLSFO, supporting both domestic and international demand. Additionally, growing environmental policies and efforts to reduce maritime pollution drive the adoption of cleaner fuels in Chinese ports. The combination of regulatory pressure and strong maritime trade sustains China's important position in the VLSFO market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Competitive Landscape:

The competitive landscape of the Very Low Sulphur Fuel Oil (VLSFO) market is characterized by the presence of several major global oil and energy companies that dominate production, refining, and End-user. These players focus heavily on refining capabilities to produce compliant low-sulfur fuels that meet the International Maritime Organization's regulations. Competition is driven by factors such as fuel quality, availability, pricing strategies, and the ability to supply VLSFO to major shipping hubs worldwide.

Companies are also investing in research and development to improve fuel formulations and blending techniques to enhance engine compatibility and performance. Strategic partnerships and supply agreements with shipping companies and ports are common to secure market share. Additionally, firms are expanding their refining infrastructure, particularly in key regions like Asia-Pacific, to meet growing demand. The market is evolving with increased focus on sustainability, pushing competitors to explore alternative marine fuels alongside VLSFO. Overall, the competitive environment is dynamic, with major refiners striving to balance regulatory compliance, cost efficiency, and environmental impact to maintain leadership in this space.

Recent Developments:

In May 2025, Maersk Energy Markets secured a supply deal with Chane to procure ultra-low sulfur fuel oil (ULSFO) from its Rotterdam plant. This agreement was driven by new International Maritime Organization regulations designating the Mediterranean Sea as an Emission Control Area (ECA), requiring ships to use cleaner fuels with sulfur content reduced to 0.1%.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

  • ExxonMobil
  • Shell
  • Chevron
  • BP
  • TotalEnergies
  • Sinopec
  • Valero Energy
  • Indian Oil Corporation
  • Marathon Petroleum
  • Lukoil
  • Petroleos de Venezuela
  • Equinor
  • Petronas
  • Repsol
  • Eni
  • Gazprom Neft
  • Royal Dutch Shell
  • SK Innovation

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

  • Marine Gas Oil (MGO)
  • Marine Diesel Oil (MDO)
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

  • Shipping Vessels
  • Fishing Vessels
  • Offshore Support Vessels
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

  • Shipping Companies
  • Port Authorities
  • Offshore Oil & Gas Industry
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • The Netherlands
  • Sweden
  • Russia
  • Poland
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of LATAM
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Turkey
  • Algeria
  • Egypt
  • Rest of MEA

Table of Contents

1. Very Low Sulphur Fuel Oil (VLSFO) Market Overview

  • 1.1. Study Scope
  • 1.2. Market Estimation Years

2. Executive Summary

  • 2.1. Market Snippet
    • 2.1.1. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Product Type
    • 2.1.2. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Application
    • 2.1.3. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by End-user
    • 2.1.4. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Country
    • 2.1.5. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Region
  • 2.2. Competitive Insights

3. Very Low Sulphur Fuel Oil (VLSFO) Key Market Trends

  • 3.1. Very Low Sulphur Fuel Oil (VLSFO) Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Very Low Sulphur Fuel Oil (VLSFO) Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Very Low Sulphur Fuel Oil (VLSFO) Market Opportunities
  • 3.4. Very Low Sulphur Fuel Oil (VLSFO) Market Future Trends

4. Very Low Sulphur Fuel Oil (VLSFO) Industry Study

  • 4.1. PEST Analysis
  • 4.2. Porter's Five Forces Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis

5. Very Low Sulphur Fuel Oil (VLSFO) Market: Impact of Escalating Geopolitical Tensions

  • 5.1. Impact of COVID-19 Pandemic
  • 5.2. Impact of Russia-Ukraine War
  • 5.3. Impact of Middle East Conflicts

6. Very Low Sulphur Fuel Oil (VLSFO) Market Landscape

  • 6.1. Very Low Sulphur Fuel Oil (VLSFO) Market Share Analysis, 2024
  • 6.2. Breakdown Data, by Key Manufacturer
    • 6.2.1. Established Players' Analysis
    • 6.2.2. Emerging Players' Analysis

7. Very Low Sulphur Fuel Oil (VLSFO) Market - By Product Type

  • 7.1. Overview
    • 7.1.1. Segment Share Analysis, By Product Type, 2024 & 2032 (%)
    • 7.1.2. Marine Gas Oil (MGO)
    • 7.1.3. Marine Diesel Oil (MDO)
    • 7.1.4. Others

8. Very Low Sulphur Fuel Oil (VLSFO) Market - By Application

  • 8.1. Overview
    • 8.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
    • 8.1.2. Shipping Vessels
    • 8.1.3. Fishing Vessels
    • 8.1.4. Offshore Support Vessels
    • 8.1.5. Others

9. Very Low Sulphur Fuel Oil (VLSFO) Market - By End-user

  • 9.1. Overview
    • 9.1.1. Segment Share Analysis, By End-user, 2024 & 2032 (%)
    • 9.1.2. Shipping Companies
    • 9.1.3. Port Authorities
    • 9.1.4. Offshore Oil & Gas Industry
    • 9.1.5. Others

10. Very Low Sulphur Fuel Oil (VLSFO) Market- By Geography

  • 10.1. Introduction
    • 10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
  • 10.2. North America
    • 10.2.1. Overview
    • 10.2.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in North America
    • 10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.2.4. North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.2.6. North America Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.2.7. U.S.
      • 10.2.7.1. Overview
      • 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.2.7.3. U.S. Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.2.7.4. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.2.7.5. U.S. Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.2.8. Canada
      • 10.2.8.1. Overview
      • 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.2.8.3. Canada Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.2.8.4. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.2.8.5. Canada Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.3. Europe
    • 10.3.1. Overview
    • 10.3.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Europe
    • 10.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.3.4. Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.3.5. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.3.6. Europe Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.7. Germany
      • 10.3.7.1. Overview
      • 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.7.3. Germany Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.7.4. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.7.5. Germany Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.8. UK
      • 10.3.8.1. Overview
      • 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.8.3. UK Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.8.4. UK Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.8.5. UK Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.9. France
      • 10.3.9.1. Overview
      • 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.9.3. France Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.9.4. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.9.5. France Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.10. Italy
      • 10.3.10.1. Overview
      • 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.10.3. Italy Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.10.4. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.10.5. Italy Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.11. Spain
      • 10.3.11.1. Overview
      • 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.11.3. Spain Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.11.4. Spain Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.11.5. Spain Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.12. The Netherlands
      • 10.3.12.1. Overview
      • 10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.12.3. The Netherlands Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.12.4. The Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.12.5. The Netherlands Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.13. Sweden
      • 10.3.13.1. Overview
      • 10.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.13.3. Sweden Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.13.4. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.13.5. Sweden Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.14. Russia
      • 10.3.14.1. Overview
      • 10.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.14.3. Russia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.14.4. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.14.5. Russia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.15. Poland
      • 10.3.15.1. Overview
      • 10.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.15.3. Poland Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.15.4. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.15.5. Poland Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.16. Rest of Europe
      • 10.3.16.1. Overview
      • 10.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.16.3. Rest of the Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.16.4. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.16.5. Rest of the Europe Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.4. Asia Pacific (APAC)
    • 10.4.1. Overview
    • 10.4.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Asia Pacific
    • 10.4.3. APAC Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.4.4. APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.4.5. APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.4.6. APAC Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.7. China
      • 10.4.7.1. Overview
      • 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.7.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.7.5. China Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.8. India
      • 10.4.8.1. Overview
      • 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.8.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.8.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.8.5. India Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.9. Japan
      • 10.4.9.1. Overview
      • 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.9.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.9.5. Japan Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.10. South Korea
      • 10.4.10.1. Overview
      • 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.10.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.10.5. South Korea Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.11. Australia
      • 10.4.11.1. Overview
      • 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.11.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.11.5. Australia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.12. Indonesia
      • 10.4.12.1. Overview
      • 10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.12.5. Indonesia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.13. Thailand
      • 10.4.13.1. Overview
      • 10.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.13.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.13.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.13.5. Thailand Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.14. Philippines
      • 10.4.14.1. Overview
      • 10.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.14.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.14.5. Philippines Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.15. Rest of APAC
      • 10.4.15.1. Overview
      • 10.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.15.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.15.5. Rest of APAC Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.5. Latin America (LATAM)
    • 10.5.1. Overview
    • 10.5.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Latin America
    • 10.5.3. LATAM Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.5.4. LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.5.5. LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.5.6. LATAM Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.7. Brazil
      • 10.5.7.1. Overview
      • 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.7.3. Brazil Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.7.4. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.7.5. Brazil Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.8. Mexico
      • 10.5.8.1. Overview
      • 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.8.3. Mexico Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.8.4. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.8.5. Mexico Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.9. Argentina
      • 10.5.9.1. Overview
      • 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.9.3. Argentina Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.9.4. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.9.5. Argentina Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.10. Colombia
      • 10.5.10.1. Overview
      • 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.10.3. Colombia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.10.4. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.10.5. Colombia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.11. Rest of LATAM
      • 10.5.11.1. Overview
      • 10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.11.3. Rest of LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.11.4. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.11.5. Rest of LATAM Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.6. Middle East and Africa (MEA)
    • 10.6.1. Overview
    • 10.6.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Middle East and Africa
    • 10.6.3. MEA Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.6.4. MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.6.5. MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.6.6. MEA Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.7. Saudi Arabia
      • 10.6.7.1. Overview
      • 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.7.3. Saudi Arabia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.7.4. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.8. UAE
      • 10.6.8.1. Overview
      • 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.8.3. UAE Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.8.4. UAE Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.8.5. UAE Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.9. Israel
      • 10.6.9.1. Overview
      • 10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.9.3. Israel Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.9.4. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.9.5. Israel Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.10. Turkey
      • 10.6.10.1. Overview
      • 10.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.10.3. Turkey Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.10.4. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.10.5. Turkey Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.11. Algeria
      • 10.6.11.1. Overview
      • 10.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.11.3. Algeria Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.11.4. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.11.5. Algeria Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.12. Egypt
      • 10.6.12.1. Overview
      • 10.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.12.3. Egypt Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.12.4. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.12.5. Egypt Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.13. Rest of MEA
      • 10.6.13.1. Overview
      • 10.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.13.3. Rest of MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.13.4. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.13.5. Rest of MEA Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)

11. Key Vendor Analysis- Very Low Sulphur Fuel Oil (VLSFO) Industry

  • 11.1. Competitive Dashboard
    • 11.1.1. Competitive Benchmarking
    • 11.1.2. Competitive Positioning
  • 11.2. Company Profiles
    • 11.2.1. ExxonMobil
    • 11.2.2. Shell
    • 11.2.3. Chevron
    • 11.2.4. BP
    • 11.2.5. TotalEnergies
    • 11.2.6. Sinopec
    • 11.2.7. Valero Energy
    • 11.2.8. Indian Oil Corporation
    • 11.2.9. Marathon Petroleum
    • 11.2.10. Lukoil
    • 11.2.11. Petroleos de Venezuela
    • 11.2.12. Equinor
    • 11.2.13. Petronas
    • 11.2.14. Repsol
    • 11.2.15. Eni
    • 11.2.16. Gazprom Neft
    • 11.2.17. Royal Dutch Shell
    • 11.2.18. SK Innovation

12. 360 Degree AnalystView

13. Appendix

  • 13.1. Research Methodology
  • 13.2. References
  • 13.3. Abbreviations
  • 13.4. Disclaimer
  • 13.5. Contact Us