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バンカー燃料市場レポート:燃料タイプ、船舶タイプ、販売者、地域別、2024-2032

Bunker Fuel Market Report by Fuel Type (High Sulfur Fuel Oil, Very Low Sulfur Fuel Oil, Marine Diesel Oil, Liquefied Natural Gas ), Vessel Type, Seller, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 148 Pages | 納期: 2~3営業日

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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=155.46円
バンカー燃料市場レポート:燃料タイプ、船舶タイプ、販売者、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 148 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のバンカー燃料市場規模は2023年に1,601億米ドルに達しました。IMARC Groupは、2024年から2032年にかけての成長率(CAGR)は5.3%で、2032年には2,589億米ドルに達すると予測しています。同市場は、各国の行政機関が実施する厳しい環境規制、貿易ルートの多様化、新たな海運拠点の増加、海運業界の技術進歩などを背景に、着実な成長を遂げています。

バンカー燃料市場の分析:

市場の成長と規模:市場は、国際貿易の増加、エネルギー需要の増加、厳しい環境規制を背景に、緩やかな成長を遂げています。

技術の進歩:技術革新により、環境基準に適合した、よりクリーンで効率的な燃料オプションが開発されつつあります。

産業用途:バンカー燃料は主に海運業界で船舶の動力源として使用されています。また、世界中の海を渡る物資の輸送においても重要な役割を果たしています。

地理的動向:主要航路の存在とコンテナ化の進展により、アジア太平洋が市場をリードしています。しかし、北米が急成長市場として台頭しています。これは、特に排ガス規制に対応するため、よりクリーンな燃料への需要が高まっているためです。

競合情勢:市場は、石油・ガス業界の主要企業間の激しい競争が特徴です。しかし、持続可能でクリーンな代替燃料に重点を置く新規参入企業も人気を集めています。

課題と機会:市場は、よりクリーンな燃料を採用するための高コストやインフラ整備の必要性といった課題に直面する一方で、環境に優しい燃料ソリューションの開発や新興国市場での拡大といった機会にも遭遇しています。

将来の展望:環境規制の進展、技術革新、持続可能性の重視の高まりにより、バンカー燃料市場の将来は有望です。

バンカー燃料市場の動向:

厳しい環境規制

いくつかの国の行政機関が実施する厳しい環境規制が、市場の成長を後押ししています。大気汚染や温室効果ガスの排出に対する懸念を受けて、国際海事機関(IMO)などの国際機関がさまざまな規制を実施しています。これらの規制は、よりクリーンな低硫黄バンカー燃料の使用を義務付けており、業界にクリーンな技術と燃料への投資を促しています。船舶運航者はこれらの規則を遵守する必要があり、適合燃料の需要を喚起し、この分野における技術革新を促進します。よりクリーンな燃料へのシフトは、環境に恩恵をもたらすだけでなく、低硫黄燃料や代替燃料のサプライヤーに新たな市場機会をもたらし、進化する海運業界において長期的な成長と収益性をもたらします。

世界貿易の拡大

経済が拡大し、国際貿易が盛んになるにつれて、海上輸送の需要が増加しています。バンカー燃料は海運業界で重要な役割を果たし、世界中の海を横断して物資を輸送する貨物船の動力となっています。このような海運サービスの需要増加により、バンカー燃料の消費量も増加しています。新興経済諸国は貿易活動の増加を目の当たりにしており、市場の成長をさらに後押ししています。さらに、貿易ルートの多様化と新たな海運ハブの増加が、バンカー燃料市場をよりダイナミックで強固なものにしています。世界の貿易動向の高まりにより、バンカー燃料は国際的なサプライ・チェーンに不可欠な要素となっており、市場の見通しは良好です。

海事産業における技術の進歩

海事産業における継続的な技術進歩が市場の成長を強化しています。現代の船舶は、より燃料効率が高く、環境に優しい設計となっています。先進的なエンジン設計、船体の最適化、航路計画ソフトウェアなどの技術革新は、船舶の航海あたりの燃料消費を抑えるのに役立っています。これは船会社の運航コストを削減するだけでなく、環境フットプリントの削減にもつながります。船主や運航会社が燃料効率と排出削減をますます優先するようになるにつれ、液化天然ガス(LNG)や水素ベースの代替燃料など、環境に優しいバンカー燃料を採用する傾向が強まっています。よりクリーンな技術や燃料へのシフトは、持続可能性の目標に沿ったバンカー燃料のサプライヤーに成長機会をもたらしています。

新興市場と工業化

新興市場における急速な工業化は、市場の成長を強化しています。幾つかの国は大幅な経済成長を経験しており、生産と貿易活動の増加につながっています。これらの国々は、原材料の輸入と完成品の輸出を海上輸送に大きく依存しています。その結果、こうした貿易ルートに関わる船舶の動力源としてバンカー燃料の必要性が高まっています。工業化がこれらの地域の経済発展を牽引しているため、バンカー燃料の需要が高まっています。さらに、新興市場ではクルーズ観光が増加しており、バンカー燃料の需要をさらに刺激しています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界のバンカー燃料市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:燃料タイプ別

  • 高硫黄燃料油(HSFO)
    • 市場動向
    • 市場予測
  • 極低硫黄燃料油(VLSFO)
    • 市場動向
    • 市場予測
  • 船舶用軽油(MDO)
    • 市場動向
    • 市場予測
  • 液化天然ガス(LNG)
    • 市場動向
    • 市場予測

第7章 市場内訳:船舶タイプ別

  • コンテナ
    • 市場動向
    • 市場予測
  • タンカー
    • 動向
    • 市場予測
  • 一般貨物
    • 動向
    • 市場予測
  • バルクキャリア
    • 動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳:販売者別

  • 主要石油会社
    • 市場動向
    • 市場予測
  • 大手独立系販売者
    • 市場動向
    • 市場予測
  • 小規模独立系販売業者
    • 市場動向
    • 市場予測

第9章 市場内訳:地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳:国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Bomin Bunker Holding GmbH & Co. KG(Marquard & Bahls AG)
    • BP Plc
    • Chevron Corporation
    • Exxon Mobil Corporation
    • Gazprom Neft PJSC(Gazprom)
    • LUKOIL
    • Neste Oyj
    • Petroliam Nasional Berhad(PETRONAS)
    • Royal Dutch Shell Plc
    • TOTAL S.A.
図表

List of Figures

  • Figure 1: Global: Bunker Fuel Market: Major Drivers and Challenges
  • Figure 2: Global: Bunker Fuel Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Bunker Fuel Market: Breakup by Fuel Type (in %), 2023
  • Figure 4: Global: Bunker Fuel Market: Breakup by Vessel Type (in %), 2023
  • Figure 5: Global: Bunker Fuel Market: Breakup by Seller (in %), 2023
  • Figure 6: Global: Bunker Fuel Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Bunker Fuel Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Bunker Fuel (Containers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Bunker Fuel (Containers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Bunker Fuel (Tankers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Bunker Fuel (Tankers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Bunker Fuel (General Cargo) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Bunker Fuel (General Cargo) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Bunker Fuel (Bulk Carrier) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Bunker Fuel (Bulk Carrier) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Bunker Fuel (Other Vessel Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Bunker Fuel (Other Vessel Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Bunker Fuel (Major Oil Companies) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Bunker Fuel (Major Oil Companies) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Bunker Fuel (Leading Independent Sellers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Bunker Fuel (Leading Independent Sellers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Bunker Fuel (Small Independent Sellers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Bunker Fuel (Small Independent Sellers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: North America: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: North America: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: United States: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: United States: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Canada: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Canada: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Asia Pacific: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Asia Pacific: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: China: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023

Figure 41 China: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032

  • Figure 42: Japan: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Japan: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: India: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: India: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: South Korea: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: South Korea: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Australia: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Australia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Indonesia: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Indonesia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Others: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Europe: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Europe: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Germany: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Germany: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: France: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: France: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: United Kingdom: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: United Kingdom: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Italy: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Italy: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Spain: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Spain: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Russia: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Russia: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Others: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Latin America: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Latin America: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Brazil: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Brazil: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Mexico: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Mexico: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Others: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Others: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Middle East and Africa: Bunker Fuel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Middle East and Africa: Bunker Fuel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Global: Bunker Fuel Industry: SWOT Analysis
  • Figure 81: Global: Bunker Fuel Industry: Value Chain Analysis
  • Figure 82: Global: Bunker Fuel Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Bunker Fuel Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Bunker Fuel Market Forecast: Breakup by Fuel Type (in Million US$), 2024-2032
  • Table 3: Global: Bunker Fuel Market Forecast: Breakup by Vessel Type (in Million US$), 2024-2032
  • Table 4: Global: Bunker Fuel Market Forecast: Breakup by Seller (in Million US$), 2024-2032
  • Table 5: Global: Bunker Fuel Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Bunker Fuel Market Structure
  • Table 7: Global: Bunker Fuel Market: Key Players
目次
Product Code: SR112024A2549

The global bunker fuel market size reached US$ 160.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 258.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The market is experiencing steady growth driven by stringent environmental regulations implemented by governing agencies of several countries, diversification of trade routes and the rising number of new shipping hubs and technological advancements in the maritime industry.

Bunker Fuel Market Analysis:

Market Growth and Size: The market is witnessing moderate growth, driven by the increasing international trade, rising demand for energy, and stringent environmental regulations.

Technological Advancements: Innovations are leading to the development of cleaner and more efficient fuel options to comply with environmental standards.

Industry Applications: Bunker fuel is primarily used in the maritime industry to power vessels. It also plays a vital role in the transportation of goods across the oceans worldwide.

Geographical Trends: Asia Pacific leads the market on account of the presence of major shipping routes and growth of containerization. However, North America is emerging as a fast-growing market, which can be accredited to the increasing demand for cleaner fuels, particularly in compliance with emissions regulations.

Competitive Landscape: The market is characterized by intense competition among key players in the oil and gas industry. However, new entrants focused on sustainable and cleaner alternatives are gaining traction.

Challenges and Opportunities: While the market faces challenges, such as the high cost of adopting cleaner fuels and the need for infrastructure upgrades, it also encounters opportunities in developing eco-friendly fuel solutions and expanding in emerging markets.

Future Outlook: The future of the bunker fuel market looks promising, with evolving environmental regulations, technological innovations, and a growing emphasis on sustainability.

Bunker Fuel Market Trends:

Stringent environmental regulations

Stringent environmental regulations implemented by governing agencies of several countries are propelling the growth of the market. In response to concerns about air pollution and greenhouse gas emissions, international organizations, such as the International Maritime Organization (IMO), are implementing various regulations. These regulations mandate the use of cleaner, low-sulfur bunker fuels, encouraging the industry to invest in cleaner technologies and fuels. Ship operators must comply with these rules, driving demand for compliant fuels and catalyzing innovation in the sector. This shift towards cleaner fuels not only benefits the environment but also opens new market opportunities for suppliers of low-sulfur and alternative bunker fuels, positioning them for long-term growth and profitability in the evolving maritime industry.

Global trade expansion

As economies are expanding and international commerce is flourishing, the demand for maritime transport is increasing. Bunker fuel is prominent in the shipping industry, powering cargo vessels that transport goods across the oceans worldwide. This increasing demand for shipping services results in higher bunker fuel consumption. Developing economies are witnessing a rise in trade activities, further impelling the growth of the market. Moreover, the diversification of trade routes and the rising number of new shipping hubs are contributing to a more dynamic and robust bunker fuel market. The growing trend of global trade, making bunker fuel an essential component of the international supply chain is offering a favorable market outlook.

Technological advancements in maritime industry

Ongoing technological advancements in the maritime industry are strengthening the growth of the market. Modern vessels are designed to be more fuel-efficient and environment friendly. Innovations like advanced engine designs, hull optimization, and route planning software help ships consume less fuel per voyage. This not only reduces operating costs for shipping companies but also lowers their environmental footprint. As shipowners and operators increasingly prioritize fuel efficiency and emissions reductions, they are more likely to adopt eco-friendly bunker fuels, such as liquefied natural gas (LNG) and hydrogen-based alternatives. This shift towards cleaner technologies and fuels is presenting growth opportunities for suppliers of bunker fuels, aligning with the sustainability goals.

Emerging markets and industrialization

Rapid industrialization in emerging markets is strengthening the growth of the market. Several countries are experiencing substantial economic growth, leading to increased production and trade activities. These nations rely heavily on maritime transport to import raw materials and export finished goods. Consequently, there is a growing need for bunker fuels to power the vessels involved in these trade routes. As industrialization is driving economic development in these regions, the demand for bunker fuels is rising. Moreover, emerging markets are witnessing an increase in cruise tourism, further catalyzing the demand for bunker fuels.

Bunker Fuel Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on fuel type, vessel type, and seller.

Breakup by Fuel Type:

High Sulfur Fuel Oil (HSFO)

Very Low Sulfur Fuel Oil (VLSFO)

Marine Diesel Oil (MDO)

Liquefied Natural Gas (LNG)

Very low sulfur fuel oil (VLSFO) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes high sulfur fuel oil (HSFO), very low sulfur fuel oil (VLSFO), marine diesel oil (MDO), and liquefied natural gas (LNG). According to the report, very low sulfur fuel oil (VLSFO) represented the largest segment due to the International Maritime Organization's (IMO) 2020 sulfur cap regulations, which mandated a significant reduction in sulfur content in maritime fuels. VLSFO, with its sulfur content below 0.5%, emerged as the go-to choice for compliance. It offers a cleaner and more environment friendly alternative to high sulfur fuel oil (HSFO) while ensuring compliance with emissions standards. The VLSFO segment is witnessing growth as shipping companies transitioned away from HSFO to meet these regulations.

HSFO, characterized by its high sulfur content, was a dominant bunker fuel type in the past. However, its usage has declined significantly due to environmental concerns and stricter emissions regulations. While still utilized in some regions and industries, such as power generation, the HSFO segment is experiencing a decline in the maritime sector, with many vessels opting for cleaner alternatives.

Marine diesel oil (MDO) serves as a middle-ground option in the bunker fuel market. It contains lower sulfur levels than HSFO but higher than VLSFO. MDO is often chosen by vessels that need to balance compliance with emissions regulations and operational efficiency. It is favored by certain shipping companies for its versatility and compatibility with a wide range of engines.

LNG is an emerging and environment friendly fuel option in the bunker fuel market. It boasts extremely low sulfur content and reduced greenhouse gas emissions, making it an attractive choice for vessels seeking to meet stringent environmental standards.

Breakup by Vessel Type:

Containers

Tankers

General Cargo

Bulk Carrier

Others

Containers hold the largest share in the industry

A detailed breakup and analysis of the market based on the vessel type have also been provided in the report. This includes containers, tankers, general cargo, bulk carrier, and others. According to the report, containers accounted for the largest market share.

Container ships are vital for global trade, transporting a wide range of goods in standardized containers. This sector is experiencing growth due to the globalization of supply chains and the rise in e-commerce. As a result, container vessels have a substantial share of the bunker fuel market. The demand for bunker fuel in this segment is driven by the need for efficient and reliable transportation of consumer goods, raw materials, and manufactured products.

Tankers are another significant segment in the bunker fuel market. They include various types, such as crude oil tankers, product tankers, and chemical tankers, which transport liquid cargoes. The tanker segment is closely tied to the energy industry, as it plays a critical role in the global oil and gas supply chain. The demand for bunker fuel in this sector is influenced by fluctuations in oil production, crude oil prices, and the need to move petroleum products safely and efficiently across the seas.

General cargo vessels, also known as multipurpose or breakbulk carriers, transport a wide range of non-containerized goods, including machinery, equipment, and project cargo. While this segment is experiencing some changes due to containerization, it remains essential for industries requiring specialized transportation. The demand for bunker fuel in the general cargo segment is linked to the movement of project-specific or oversized cargo that does not fit standard containers.

Bulk carriers transport dry bulk commodities like coal, iron ore, grains, and minerals. They are vital for the global supply of raw materials to support industries, such as steel and agriculture. The bunker fuel market in this segment is driven by the demand for efficient and cost-effective transportation of bulk goods. Bulk carriers come in various sizes with different fuel consumption patterns depending on their cargo capacity and routes.

Breakup by Seller:

Major Oil Companies

Leading Independent Sellers

Small Independent Sellers

Major oil companies represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the seller. This includes major oil companies, leading independent sellers, and small independent sellers. According to the report, major oil companies represented the largest segment.

Major oil companies, often referred to as integrated oil and gas companies, have a substantial presence in the energy sector. They operate extensive refining and distribution networks, allowing them to produce and supply bunker fuel on a large scale. Major oil companies benefit from vertical integration, as they control various aspects of the supply chain, ranging from crude oil production to refining and distribution. This integration provides them with a competitive advantage, ensuring a steady supply of bunker fuel to meet the demands of the maritime industry.

Leading independent sellers are a significant segment in the bunker fuel market. These companies are not vertically integrated like major oil companies but focus solely on the distribution and sale of bunker fuels. They often specialize in providing a wide range of bunker fuel grades, including compliant fuels like very low sulfur fuel oil (VLSFO) and alternative fuels, such as liquefied natural gas (LNG). Leading independent sellers are known for their flexibility and ability to adapt quickly to changing market conditions and regulatory requirements.

Small independent sellers constitute a smaller segment of the bunker fuel market. These companies are typically regional or local suppliers that serve specific ports or areas. While they may lack the global reach and infrastructure of major oil companies and leading independents, small independent sellers often focus on providing personalized service to their customers. They play an essential role in serving niche markets, especially in areas where larger sellers may not have a strong presence.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest bunker fuel market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region encompasses some of the busiest ports in the world and serves as a hub for global trade. Rapid economic growth in countries like China, India, and Southeast Asian nations is leasing to increased maritime activity, catalyzing the demand for bunker fuels. The presence of major shipping routes, extensive shipbuilding industries, and the growth of containerization are contributing to the growth of the market. Moreover, Asia Pacific is witnessing advancements in cleaner and alternative bunker fuels, aligning with the environmental sustainability goals.

Europe is another significant segment in the bunker fuel market. The European region includes key maritime hubs, such as Rotterdam, Antwerp, and Hamburg. Strict environmental regulations, including the implementation of the IMO 2020 sulfur cap, are driving the shift from high sulfur fuel oil (HSFO) to very low sulfur fuel oil (VLSFO) and cleaner alternatives. The commitment of reducing emissions and its investments in LNG bunkering infrastructure are reshaping the bunker fuel market in the region.

North America plays a vital role in the bunker fuel market, with major ports on the East Coast, West Coast, and Gulf Coast serving as important gateways for trade with North America. The region is experiencing increasing demand for cleaner fuels, particularly in compliance with emissions regulations.

Latin America represents a growing segment in the bunker fuel market, driven by expanding trade and shipping activities. Key ports in countries like Brazil, Chile, and Panama serve as vital maritime gateways. The adoption of cleaner and compliant bunker fuels in the region aligns with global environmental regulations, with an increasing emphasis on reducing sulfur emissions.

The Middle East and Africa segment of the bunker fuel market benefit from the strategic location of major oil-producing nations and key transit routes, such as the Suez Canal. The region is a significant supplier of crude oil and refined products, influencing the availability and pricing of bunker fuels.

Leading Key Players in the Bunker Fuel Industry:

Key players in the market are actively adapting to several significant industry trends and challenges. They are investing in research and development (R&D) activities to formulate and supply cleaner and more environment friendly bunker fuels, aligning with stringent global emissions regulations. Additionally, these players are expanding their infrastructure for alternative fuels like liquefied natural gas (LNG) and exploring innovative solutions, such as hydrogen-based bunker fuels, to meet future sustainability goals. They are also enhancing digitalization and data analytics to optimize fuel efficiency and vessel performance, ultimately reducing operational costs for their consumers. Moreover, these companies are actively engaging with buyers and stakeholders to ensure compliance with evolving environmental standards while maintaining reliable and cost-effective bunker fuel supply chains.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)

BP Plc

Chevron Corporation

Exxon Mobil Corporation

Gazprom Neft PJSC (Gazprom)

LUKOIL

Neste Oyj

Petroliam Nasional Berhad (PETRONAS)

Royal Dutch Shell Plc

TOTAL S.A.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

March 16, 2022: TOTAL S.A. carried out its first marine bio-very low sulfur fuel oil (VLSFO) bunker delivery in port waters of Singapore, as part of a biofuel trial recently completed by NYK Line and Anglo American. During the operation, a B10 biofuel blend that composed of VLSFO blended with 10% second-generation, waste-based and ISCC-certified used cooking oil methyl ester (UCOME) was supplied via ship-to-ship transfer to MT Friendship, a bulk carrier owned by Seanergy Maritime Holdings Corp. and chartered by NYK Line to transport cargo provided by Anglo American.

August 15, 2023: Neste Oyj and ScanOcean AB, a long-term partner of Neste Oyj, introduced a lower-emission DMA Gasoil of the Neste Oyj company to the Swedish market. Neste Marine 0.1 Co-processed reduces greenhouse gas (GHG) emissions up to 80%, compared to fossil DMA Gasoil. DMA, co-processed with renewable raw materials will be available as bunker fuel on the Swedish east coast. The new lower-emissions DMA is produced by adding renewable raw material into the conventional refining process and by using mass-balance the fuel attains low GHG emissions while maintaining the fuels quality and specifications to ISO 8217.

February, 2020: LUKOIL acquired two bunkering tankers, namely G. Puccini and G. Rossini for operation in Big Port St. Petersburg that will strengthen the position of the company in the bunkering sector of the Gulf of Finland.

Key Questions Answered in This Report

  • 1. What is the size of the global bunker fuel market in 2023?
  • 2. What is the expected growth rate of the global bunker fuel market during 2024-2032?
  • 3. What are the key factors driving the global bunker fuel market?
  • 4. What has been the impact of COVID-19 on the global bunker fuel market?
  • 5. What is the breakup of the global bunker fuel market based on the fuel type?
  • 6. What is the breakup of the global bunker fuel market based on the vessel type?
  • 7. What is the breakup of the global bunker fuel market based on the seller?
  • 8. What are the key regions in the global bunker fuel market?
  • 9. Who are the key players/companies in the global bunker fuel market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Bunker Fuel Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Fuel Type

  • 6.1 High Sulfur Fuel Oil (HSFO)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Very Low Sulfur Fuel Oil (VLSFO)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Marine Diesel Oil (MDO)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Liquefied Natural Gas (LNG)
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Vessel Type

  • 7.1 Containers
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Tankers
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 General Cargo
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Bulk Carrier
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Seller

  • 8.1 Major Oil Companies
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Leading Independent Sellers
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Small Independent Sellers
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 BP Plc
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Chevron Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Exxon Mobil Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Gazprom Neft PJSC (Gazprom)
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 LUKOIL
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Neste Oyj
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Petroliam Nasional Berhad (PETRONAS)
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 SWOT Analysis
    • 14.3.9 Royal Dutch Shell Plc
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 TOTAL S.A.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis