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バンカー燃料の世界市場 - 市場規模、シェア、動向、予測:燃料タイプ別、船舶タイプ別、販売業者別、地域別、2025年~2033年

Bunker Fuel Market Size, Share, Trends and Forecast by Fuel Type, Vessel Type, Seller, and Region, 2025-2033


出版日
発行
IMARC
ページ情報
英文 120 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=149.25円
バンカー燃料の世界市場 - 市場規模、シェア、動向、予測:燃料タイプ別、船舶タイプ別、販売業者別、地域別、2025年~2033年
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 120 Pages
納期: 2~3営業日
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  • 概要
  • 図表
  • 目次
概要

バンカー燃料の世界市場規模は、2024年に1,685億9,000万米ドルとなりました。今後、IMARC Groupは、2033年には2,689億2,000万米ドルに達し、2025~2033年のCAGRは5.06%になると予測しています。環境意識の高まりと厳しい規制が、従来のバンカー燃料に代わるLNG、ガスオイル、LPGのようなクリーン燃料の採用を促進しています。大気汚染への懸念や温室効果ガスの排出に促されたこうした変化は、海運業界を持続可能な燃料オプションへと向かわせ、市場の成長を後押ししています。現在、アジア太平洋が業界を支配しており、2024年のバンカー燃料市場シェア全体の45.6%を占めています。

バンカー燃料市場成長の主な促進要因の一つは、世界の海上貿易の着実な拡大です。消費財、原材料、工業製品の需要増加により国際輸送量が増加し続ける中、信頼性の高い船舶用燃料ソリューションへのニーズもそれに応じて高まっています。バンカー燃料は、コンテナ船、ばら積み貨物船、タンカーなどの商業船舶にとって、依然として主要なエネルギー源です。港湾インフラの拡大と船隊の近代化は、燃料消費の持続にさらに寄与しています。これに加えて、政府もよりクリーンな燃料の採用に向けた規制を課しています。例えば、米国財務省とIRSは2025年1月に第45Z条に関するガイダンスを発表し、ライフサイクルの温室効果ガス排出量を削減したSAFおよび非SAFを含む輸送用燃料の製造に対して2025年の税額控除を提供しました。さらに、国際海事機関(IMO)の2020年硫黄上限規制などの規制措置により、燃料の嗜好が変化しており、主要航路において適合した低硫黄代替燃料の需要が加速しています。このことは、世界全体のバンカー燃料市場の需要を促進しています。

米国は、その確立された港湾インフラ、広範な精製能力、国際海事基準との規制の整合性により、世界のバンカー燃料市場で重要な役割を果たしています。例えば、2024年10月、ABSはRADIUSコンソーシアムが開発したVARD社のアンモニアバンカー船にAiPを付与することを発表し、Hoegh社のAurora ClassやMMMCZCS社の15,000TEUコンテナ船のような船舶と互換性があり、2030年の東海岸での操業を目標としています。ヒューストン、ロサンゼルス、ニューヨークなどの主要港は、超低硫黄燃料油(VLSFO)や石油・ガス燃料油(MGO)を含むさまざまな船舶用燃料を供給する重要なバンカリング拠点となっています。米国の精製業者は、IMO2020規制を満たすため、適合燃料を積極的に生産する一方、LNGやバイオ燃料のような、よりクリーンな代替燃料にも投資しています。これは、米国全体の主要なバンカー燃料市場動向のひとつでもあります。戦略的な地理的位置と堅調な貿易活動により、米国は世界の海事燃料需要を効率的にサポートすることができます。

バンカー燃料市場動向:

厳しい環境規制

いくつかの国の行政機関が実施している厳しい環境規制が、バンカー燃料市場の成長を後押ししています。世界気象機関によると、世界の二酸化炭素(CO2)排出量は2023年の406億トンから2024年には416億トンに達すると報告されており、気温の上昇により環境への影響がますます深刻になっています。大気汚染や温室効果ガス(GHG)排出への懸念を受けて、国際海事機関(IMO)などの国際機関はさまざまな規制を実施しています。これらの規制は、よりクリーンで低硫黄の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しなければならないため、適合燃料の需要が高まり、この分野における技術革新が促進されます。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、海上輸送の需要も増加しています。バンカー燃料は、海運業界において、世界中の海を横断して物資を輸送する貨物船の動力源として活躍しています。このような海運サービスに対するニーズの高まりが、バンカー燃料市場の需要を高めています。新興経済諸国では貿易活動が活発化しており、市場の成長をさらに後押ししています。国連貿易開発によると、世界の貿易額は2024年には約33兆米ドルに達すると予測されており、これは主にサービス貿易の7%増によるもので、年率3.3%の成長を反映しています。さらに、貿易ルートの多様化と新たな海運ハブの増加が、よりダイナミックで強固な市場に寄与しています。バンカー燃料を国際的なサプライチェーンの重要な構成要素とする世界の貿易動向の高まりは、良好な市場見通しをもたらしています。

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。最新の船舶は、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。国連貿易開発会議(UNCTAD)の「2024年海上輸送レビュー」によると、海上貿易量は2024年に2%拡大し、コンテナ貿易量は3.5%増加すると予測されています。さらに、2025年から2029年にかけて、海上貿易総額は平均2.4%の割合で増加し、燃料消費量の増加を促進すると予想されています。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ニーズが高まっています。例えば、2025年3月、HafniaはStudio 30 50と提携し、海運市場における透明性、説明責任、コスト効率を高めるために、リアルタイムデータを統合したデジタルプラットフォーム、FuelSureを立ち上げます。これらの地域では工業化が経済開発を促進し、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

  • 調査の目的
  • ステークホルダー
  • 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

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)
  • 超低硫黄燃料油(VLSFO)
  • 船舶用ディーゼルオイル(MDO)
  • 液化天然ガス(LNG)

第7章 市場内訳:船舶タイプ別

  • コンテナ
  • タンカー
  • 一般貨物
  • バルクキャリア
  • その他

第8章 市場内訳:販売業者別

  • 大手石油会社
  • 大手独立販売業者
  • 小規模独立販売業者

第9章 市場内訳:地域別

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

第10章 SWOT分析

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

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 USD), 2019-2024
  • Figure 3: Global: Bunker Fuel Market: Breakup by Fuel Type (in %), 2024
  • Figure 4: Global: Bunker Fuel Market: Breakup by Vessel Type (in %), 2024
  • Figure 5: Global: Bunker Fuel Market: Breakup by Seller (in %), 2024
  • Figure 6: Global: Bunker Fuel Market: Breakup by Region (in %), 2024
  • Figure 7: Global: Bunker Fuel Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 8: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 9: Global: Bunker Fuel (High Sulfur Fuel Oil- HSFO) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 10: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 11: Global: Bunker Fuel (Very Low Sulfur Fuel Oil- VLSFO) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 12: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 13: Global: Bunker Fuel (Marine Diesel Oil- MDO) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 14: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 15: Global: Bunker Fuel (Liquefied Natural Gas- LNG) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 16: Global: Bunker Fuel (Containers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 17: Global: Bunker Fuel (Containers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 18: Global: Bunker Fuel (Tankers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 19: Global: Bunker Fuel (Tankers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 20: Global: Bunker Fuel (General Cargo) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 21: Global: Bunker Fuel (General Cargo) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 22: Global: Bunker Fuel (Bulk Carrier) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 23: Global: Bunker Fuel (Bulk Carrier) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 24: Global: Bunker Fuel (Other Vessel Types) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 25: Global: Bunker Fuel (Other Vessel Types) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 26: Global: Bunker Fuel (Major Oil Companies) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 27: Global: Bunker Fuel (Major Oil Companies) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 28: Global: Bunker Fuel (Leading Independent Sellers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 29: Global: Bunker Fuel (Leading Independent Sellers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 30: Global: Bunker Fuel (Small Independent Sellers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 31: Global: Bunker Fuel (Small Independent Sellers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 32: North America: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 33: North America: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 34: United States: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 35: United States: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 36: Canada: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 37: Canada: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 38: Asia Pacific: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 39: Asia Pacific: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 40: China: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024

Figure 41 China: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033

  • Figure 42: Japan: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 43: Japan: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 44: India: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 45: India: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 46: South Korea: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 47: South Korea: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 48: Australia: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 49: Australia: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 50: Indonesia: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 51: Indonesia: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 52: Others: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 53: Others: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 54: Europe: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 55: Europe: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 56: Germany: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 57: Germany: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 58: France: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 59: France: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 60: United Kingdom: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 61: United Kingdom: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 62: Italy: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 63: Italy: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 64: Spain: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 65: Spain: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 66: Russia: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 67: Russia: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 68: Others: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 69: Others: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 70: Latin America: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 71: Latin America: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 72: Brazil: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 73: Brazil: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 74: Mexico: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 75: Mexico: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 76: Others: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 77: Others: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 78: Middle East and Africa: Bunker Fuel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 79: Middle East and Africa: Bunker Fuel Market Forecast: Sales Value (in Million USD), 2025-2033
  • 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, 2024 and 2033
  • Table 2: Global: Bunker Fuel Market Forecast: Breakup by Fuel Type (in Million USD), 2025-2033
  • Table 3: Global: Bunker Fuel Market Forecast: Breakup by Vessel Type (in Million USD), 2025-2033
  • Table 4: Global: Bunker Fuel Market Forecast: Breakup by Seller (in Million USD), 2025-2033
  • Table 5: Global: Bunker Fuel Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 6: Global: Bunker Fuel Market Structure
  • Table 7: Global: Bunker Fuel Market: Key Players
目次
Product Code: SR112025A2549

The global bunker fuel market size was valued at USD 168.59 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 268.92 Billion by 2033, exhibiting a CAGR of 5.06% during 2025-2033. Growing environmental awareness and stringent regulations are driving the adoption of cleaner fuels like LNG, gasoil, and LPG as alternatives to traditional bunker fuels. These changes, prompted by air pollution concerns and greenhouse gas emissions, are pushing the maritime industry toward sustainable fuel options, boosting market growth. Asia-Pacific currently dominates the industry, holding 45.6% of the total bunker fuel market share in 2024.

One major driver of the bunker fuel market growth is the steady expansion of the global maritime trade. As international shipping volumes continue to rise due to an increased demand for consumer goods, raw materials, and industrial products, the need for reliable marine fuel solutions grows accordingly. Bunker fuel remains a primary energy source for commercial vessels, including container ships, bulk carriers, and tankers. Expanding port infrastructure and fleet modernization are further contributing to sustained fuel consumption. In addition to this, the government is also imposing regulations for cleaner fuel adoption. For instance, in January 2025, The U.S. Treasury and IRS released guidance on Section 45Z, offering 2025 tax credits for producing transportation fuels, including SAF and non-SAF, with reduced lifecycle greenhouse gas emissions. Additionally, regulatory measures, such as the International Maritime Organization's (IMO) 2020 sulfur cap, are reshaping fuel preferences, accelerating the demand for compliant low-sulfur fuel alternatives in key shipping routes. This, in turn, is facilitating the bunker fuel market demand across the globe.

The United States plays a significant role in the global bunker fuel market through its well-established port infrastructure, extensive refining capacity, and regulatory alignment with international maritime standards. For instance, in October 2024, ABS announced granting of AiP to VARD's ammonia bunkering barge, developed by the RADIUS consortium, compatible with vessels like Hoegh's Aurora Class and MMMCZCS's 15,000 TEU container ship, targeting 2030 East Coast operations. Major ports, such as Houston, Los Angeles, and New York, serve as key bunkering hubs, supplying a range of marine fuels, including very low sulfur fuel oil (VLSFO) and marine gas oil (MGO). The U.S. refiners are actively producing compliant fuels to meet IMO 2020 regulations, while also investing in cleaner alternatives like LNG and biofuels. This also represents one of the key bunker fuel market trends across the country. Strategic geographical positioning and robust trade activity further enable the U.S. to support global maritime fuel demands efficiently.

Bunker Fuel Market Trends:

Stringent environmental regulations

Stringent environmental regulations implemented by governing agencies of several countries are propelling the bunker fuel market growth. According to the World Meteorological Organization, global carbon dioxide (CO2) emissions was reported to reach 41.6 Billion tons in 2024, up from 40.6 Billion tonnes in 2023, with rising temperatures causing increasingly severe environmental impacts. In response to concerns about air pollution and greenhouse gas (GHG) 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 the 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 need for shipping services results in higher bunker fuel market demand. Developing economies are witnessing a rise in trade activities, further impelling the growth of the market. According to UN Trade & Development, global trade is projected to reach nearly USD 33 Trillion in 2024, reflecting a 3.3% annual growth, driven primarily by a 7% increase in trade in services. 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. According to the 2024 Review of Maritime Transport by UNCTAD, maritime trade volume is projected to expand by 2% in 2024, with containerized trade volumes forecasted to grow by 3.5%. Additionally, between 2025 and 2029, total seaborne trade is expected to increase at an average rate of 2.4%, driving higher fuel consumption. 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. For instance, in March 2025, Hafnia, in partnership with Studio 30 50, is launching FuelSure, a digital platform integrating real-time data to enhance transparency, accountability, and cost efficiency in the maritime bunker fuel market. 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:

Analysis 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 stand as the largest fuel type in 2024, holding around 43.2% of the market. This dominance is primarily attributed to the International Maritime Organization's (IMO) 2020 sulfur cap regulation, which mandates a maximum sulfur content of 0.5% in marine fuels. VLSFO quickly became the preferred option for compliance, offering a cleaner and more environmentally acceptable alternative to high sulfur fuel oil (HSFO). Its compatibility with existing marine engines, without the need for scrubbers, further strengthened its adoption. Shipping companies worldwide have increasingly transitioned to VLSFO to meet emissions requirements while minimizing capital expenditure on retrofitting vessels. As a result, the VLSFO segment continues to gain momentum, reinforcing its position as the industry standard.

Analysis by Vessel Type:

  • Containers
  • Tankers
  • General Cargo
  • Bulk Carrier
  • Others

Containers leads the market with around 40.0% of the bunker fuel market share in 2024. This dominance is largely driven by the extensive global movement of consumer goods, electronics, and manufactured products, which are primarily transported via container vessels. The rise in e-commerce, global trade, and supply chain expansion has increased the frequency and volume of container shipping operations. These vessels, often operating on fixed schedules and long international routes, require substantial and consistent fuel supplies. Additionally, the ongoing investments in fleet expansion and modernization, including the deployment of larger and more fuel-efficient container ships, are contributing to sustained bunker fuel demand. The container shipping segment remains a key driver of growth across major international ports and maritime trade routes.

Analysis by Seller:

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

Major oil companies lead the market with around 55.6% of the market share in 2024. Their leadership stems from well-established global supply networks, vertically integrated operations, and strong refining capabilities. These companies, including ExxonMobil, Shell, BP, and Chevron, have the resources to produce and distribute compliant fuels such as very low sulfur fuel oil (VLSFO) and marine gas oil (MGO), ensuring reliable supply to international shipping fleets. Additionally, their investments in infrastructure-such as bunker barges, storage terminals, and digital fueling platforms-enhance operational efficiency and customer reach. Their ability to adapt to evolving IMO regulations and offer a wide range of marine fuel solutions further reinforces their market dominance and long-term strategic relevance.

Regional Analysis:

  • 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

In 2024, Asia-Pacific accounted for the largest market share of over 45.6%. This leadership is supported by the region's strategic ports, including Singapore, Shanghai, Hong Kong, and Busan, which serve as key global maritime hubs. High shipping traffic through major trade routes such as the Strait of Malacca significantly contributes to fuel demand. The region also benefits from advanced port infrastructure, competitive fuel pricing, and strong government support for maritime activities. In addition, rapid economic growth, export-driven industries, and expanding seaborne trade across China, Japan, South Korea, and Southeast Asia further increase bunker fuel consumption. With ongoing investments in port upgrades and fuel compliance solutions, Asia-Pacific continues to be the center of global marine fuel activity.

Key Regional Takeaways:

United States Bunker Fuel Market Analysis

The United States bunker fuel market is experiencing steady growth, driven by the rising demand for marine transportation and increasing trade activities. The country's extensive coastline and strategic ports play a crucial role in facilitating bunker fuel consumption across the shipping sector. The growing adoption of low-sulfur fuel oils (LSFO), in line with IMO 2020 regulations, is significantly influencing market trends as shipping companies seek to comply with stringent emission norms. Moreover, the rising emphasis on eco-friendly fuel alternatives, such as liquefied natural gas (LNG) and biofuels, is reshaping the market landscape. Advancements in fuel storage infrastructure and the expansion of shipping routes are further supporting market growth. The market is also benefitting from increased trade volumes, with the United States goods and services deficit rising by 17.0% in 2024, alongside a 3.9% increase in exports and a 6.6% rise in imports, according to the Bureau of Economic Analysis. With ongoing regulatory developments, rising maritime trade, and the adoption of sustainable fuels, the United States bunker fuel market is poised for consistent expansion in the coming years.

North America Bunker Fuel Market Analysis

The North America bunker fuel market is supported by a strong maritime infrastructure, advanced refining capacity, and strategic coastal locations. Major ports such as Houston, Los Angeles, Vancouver, and New York serve as key bunkering hubs for international and domestic shipping routes. The implementation of the IMO 2020 sulfur cap has prompted a shift toward very low sulfur fuel oil (VLSFO) and marine gas oil (MGO), driving refiners and suppliers in the region to adapt product offerings. Growing emphasis on cleaner marine fuels, including liquefied natural gas (LNG) and biofuels, is encouraging investments in alternative fuel infrastructure. For instance, in response to a 2024 trade probe, the U.S. may imposed up to $1 million port fees or $1,000 per net ton on vessels owned by Chinese maritime transport operators. Regulatory alignment, stable demand from cargo and cruise operations, and technological innovation position North America as a competitive and compliant bunker fuel market.

Europe Bunker Fuel Market Analysis

The Europe bunker fuel market is growing steadily, driven by the region's expanding maritime trade and stringent environmental regulations. The implementation of the IMO 2020 sulfur cap has accelerated the shift toward low-sulfur fuel oils (LSFO) and alternative fuels. Major ports in countries play a crucial role in driving bunker fuel demand across the region. The rising adoption of liquefied natural gas (LNG) and biofuels as cleaner alternatives is further supporting market growth. Further forcing shipping companies towards greener fuel options is the implementation of the EU Emissions Trading System (EU ETS) from January 2024. It captures all CO2 emissions from every large vessel (5,000 gross tonnage and above) entering the EU ports, irrespective of their flag. This regulatory expansion is expected to accelerate the transition to sustainable bunker fuels. The region's ongoing investments in green shipping initiatives and emission reduction technologies are creating new growth opportunities.

Asia Pacific Bunker Fuel Market Analysis

The Asia Pacific bunker fuel market is witnessing robust growth, driven by the region's position as a global trade hub and increasing maritime activities. The presence of major ports is fueling the demand for bunker fuel. The widespread adoption of low-sulfur fuel oils (LSFO) following the IMO 2020 regulations is reshaping the market landscape. Additionally, rising investments in LNG bunkering infrastructure and the growing preference for eco-friendly fuel alternatives are supporting market expansion. The region's inflating trade activities further contribute to market growth, with the Press Information Bureau reporting that FY 2023-24 closed with the highest monthly merchandise exports of the current fiscal year in March 2024, reaching USD 41.68 Billion. This surge in exports is driving greater demand for marine transportation, consequently boosting bunker fuel consumption.

Latin America Bunker Fuel Market Analysis

The Latin America bunker fuel market is expanding steadily, supported by the region's growing maritime trade and shipping activities. Countries like Brazil, Mexico, and Panama serve as key bunkering hubs, driving fuel demand across the region. The shift toward low-sulfur fuel oils (LSFO) in line with international regulations is reshaping market preferences. Furthermore, increasing investments in port infrastructure and fuel storage facilities are contributing to market expansion. According to The Maritime Executive, Brazil's privatization plan targets over 50 projects, including port leases and concessions slated for the next two years, with expected investments worth over USD 3 Billion in the Brazilian port sector. These infrastructure developments are expected to enhance the region's bunkering capacity and fuel storage facilities.

Middle East and Africa Bunker Fuel Market Analysis

The Middle East and Africa bunker fuel market is growing due to strategic location and increasing maritime trade. Major ports in Saudi Arabia, UAE, and South Africa support fuel demand. Low-sulfur fuel oils and LNG are reshaping the market while rising port infrastructure investments and regulatory compliance support market expansion. The region's maritime sector is witnessing notable progress, with reports stating that Saudi Arabia recorded a 6.4% increase in gross tonnage of its maritime fleet in 2024 compared to 2023, strengthening its position in the Arab and regional maritime transport sectors. The region's strategic importance in global shipping routes and the rising focus on environmental sustainability, is projected to positively influence the bunker fuel market forecast.

Competitive Landscape:

The bunker fuel market features a competitive landscape marked by the presence of major oil companies, regional suppliers, and independent bunker traders. Key players maintain a strong market position through extensive global networks, advanced refining capabilities, and diversified fuel offerings. For instance, in March 2024, Chevron's first hybrid electric bunker tanker, launched in Singapore, announced its plans to supply regional maritime customers with fuel while using 20% less energy than conventional tankers, helping lower emissions, and operational costs. These companies are increasingly investing in low-sulfur and alternative fuels to comply with evolving environmental regulations. Additionally, independent suppliers and local distributors compete by offering flexible pricing and localized services in high-traffic ports. Strategic partnerships, mergers, and technological innovations in fuel quality and delivery systems continue to shape competition and drive market differentiation.

The report provides a comprehensive analysis of the competitive landscape in the bunker fuel market with detailed profiles of all major companies, including:

  • 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.

Key Questions Answered in This Report

  • 1.How big is the bunker fuel market?
  • 2.What is the future outlook of bunker fuel market?
  • 3.What are the key factors driving the bunker fuel market?
  • 4.Which region accounts for the largest bunker fuel market share?
  • 5.Which are the leading 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