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バンカー燃料の世界市場：タイプ別、エンドユーザー別、地域別、機会、予測、2018年～2032年

Global Bunker Fuel Market Assessment, By Type, By End-user, By Region, Opportunities and Forecast, 2018-2032F

出版日
ページ情報
英文 228 Pages
納期
3～5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=145.58円
バンカー燃料の世界市場：タイプ別、エンドユーザー別、地域別、機会、予測、2018年～2032年
出版日: 2025年06月26日
発行: Markets & Data
ページ情報: 英文 228 Pages
納期: 3～5営業日
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  • 概要
  • 図表
  • 目次
概要

世界のバンカー燃料の市場規模は、2025年～2032年の予測期間中に3.51%のCAGRで拡大し、2024年の1,451億2,000万米ドルから2032年には1,912億4,000万米ドルに成長すると予測されています。バンカー燃料市場は、海上輸送量の増加、船隊の拡大、貿易活動の活発化により、近年著しい成長を遂げており、特に新興経済国では今後数年間も堅調な拡大ペースを維持すると予想されています。バンカー燃料は、タンカー、ばら積み貨物船、貨物船などの大型船舶で使用されます。海運企業による大型船舶の配備への投資の増加に伴い、市場におけるバンカー燃料の需要が高まっています。

現在、バンカー燃料業界は、IMOの2020年硫黄キャップや今後の炭素強度（CII）規制など、さまざまな国でより厳しい環境規制が実施されるため、大きな変革期を迎えています。現在進行中の規制は、低排出ガスの使用を義務付けており、低硫黄燃料やバイオ燃料など、よりクリーンな燃料の市場導入を奨励しています。業界は脱炭素化に向かっており、これが予測期間中のバンカー燃料市場における低硫黄燃料の需要を牽引しています。

脱炭素化の推進は、低炭素でゼロエミッションのソリューションへの投資に拍車をかけ、バンカー燃料市場におけるバイオ燃料の需要を押し上げました。いくつかの石油生産者は、バンカリング・デジタル・ソリューション、持続可能な燃料生産、排出削減技術への投資を検討しており、これが市場におけるバンカー燃料の機会を生み出しています。加えて、主要港におけるバンカリング・インフラの成長、エネルギー企業と海運会社の提携は、今後数年間でバンカー燃料市場規模を拡大させると思われます。

例えば、2024年12月、ZeroNorthとHapag-Lloydは、調達・計画ソリューションの立ち上げを目的とした新たな戦略的パートナーシップの締結を決定しました。両社のパートナーシップは、ハパックロイドがエネルギー転換を効果的に進め、燃料費を削減し、コストを削減することを可能にする新しいデジタル・ソリューションの構築に着手します。このソリューションは、エンド・ツー・エンドのバンカープランニングと調達プロセスをデジタル化する新たな業界標準となることを目指しています。こうした発展は、企業が燃料バンカー事業に投資していることを浮き彫りにし、来年の市場成長を後押しするものです。

当レポートでは、世界のバンカー燃料市場について調査し、市場の概要とともに、タイプ別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 お客様の声

第6章 世界のバンカー燃料市場の見通し、2018年～2032年

  • 市場規模分析と予測
  • 市場シェア分析と予測
    • タイプ別
      • 重質燃料油
      • マリンディーゼル油/マリンガス油
      • 超低硫黄燃料油
      • 液化天然ガス
      • その他
    • エンドユーザー別
      • コンテナ船
      • バルクキャリア
      • 一般貨物
      • 石油タンカー
      • オフショア支援船
      • その他
    • 地域別
      • 北米
      • 欧州
      • アジア太平洋
      • 南米
      • 中東・アフリカ
    • 企業別市場シェア分析（上位5社およびその他- 金額別、2024年）
  • 2024年の市場マップ分析

第7章 北米のバンカー燃料市場の見通し、2018年～2032年

  • 市場規模分析と予測
  • 市場シェア分析と予測
  • 国別市場評価
    • 米国
    • カナダ
    • メキシコ

第8章 欧州のバンカー燃料市場の見通し、2018年～2032年

  • ドイツ
  • フランス
  • イタリア
  • 英国
  • ロシア
  • オランダ
  • スペイン
  • トルコ
  • ポーランド

第9章 アジア太平洋のバンカー燃料市場の見通し、2018年～2032年

  • インド
  • 中国
  • 日本
  • オーストラリア
  • ベトナム
  • 韓国
  • インドネシア
  • フィリピン

第10章 南米のバンカー燃料市場の見通し、2018年～2032年

  • ブラジル
  • アルゼンチン

第11章 中東・アフリカのバンカー燃料市場の見通し、2018年～2032年

  • サウジアラビア
  • アラブ首長国連邦
  • 南アフリカ

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

第14章 PESTLE分析

第15章 価格分析

第16章 市場力学

  • 市場の促進要因
  • 市場の課題

第17章 市場動向と発展

第18章 競合情勢

  • 市場リーダートップ5の競合マトリックス
  • 参入企業トップ5のSWOT分析
  • 市場の主要企業トップ10の情勢
    • BP Oil International Limited
    • Sinopec Fuel Oil Sales Co.,Ltd.
    • China Marine Bunker (PetroChina) Co.Ltd.
    • Shell International B.V.
    • Exxon Mobil Corporation.
    • Chevron Corporation.
    • TotalEnergies Marine Fuels Pte. Ltd.
    • Lukoil-Bunker LLC
    • Saudi Arabian Oil Co.
    • Indian Oil Corporation Limited (IOCL)

第19章 戦略的提言

第20章 調査会社について・免責事項

図表

List of Tables

  • Table 1. Competition Matrix of Top 5 Market Leaders
  • Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 2. Global Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 3. Global Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 4. Global Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 5. Global Bunker Fuel Market Share (%), By Region, 2018-2032F
  • Figure 6. North America Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 7. North America Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 8. North America Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 9. North America Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 10. North America Bunker Fuel Market Share (%), By Country, 2018-2032F
  • Figure 11. United States Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 12. United States Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 13. United States Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 14. United States Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 15. Canada Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 16. Canada Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 17. Canada Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 18. Canada Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 19. Mexico Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 20. Mexico Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 21. Mexico Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 22. Mexico Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 23. Europe Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 24. Europe Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 25. Europe Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 26. Europe Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 27. Europe Bunker Fuel Market Share (%), By Country, 2018-2032F
  • Figure 28. Germany Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 29. Germany Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 30. Germany Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 31. Germany Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 32. France Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 33. France Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 34. France Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 35. France Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 36. Italy Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 37. Italy Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 38. Italy Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 39. Italy Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 40. United Kingdom Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 41. United Kingdom Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 42. United Kingdom Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 43. United Kingdom Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 44. Russia Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 45. Russia Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 46. Russia Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 47. Russia Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 48. Netherlands Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 49. Netherlands Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 50. Netherlands Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 51. Netherlands Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 52. Spain Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 53. Spain Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 54. Spain Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 55. Spain Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 56. Turkey Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 57. Turkey Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 58. Turkey Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 59. Turkey Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 60. Poland Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 61. Poland Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 62. Poland Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 63. Poland Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 64. South America Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 65. South America Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 66. South America Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 67. South America Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 68. South America Bunker Fuel Market Share (%), By Country, 2018-2032F
  • Figure 69. Brazil Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 70. Brazil Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 71. Brazil Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 72. Brazil Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 73. Argentina Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 74. Argentina Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 75. Argentina Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 76. Argentina Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 77. Asia-Pacific Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 78. Asia-Pacific Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 79. Asia-Pacific Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 80. Asia-Pacific Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 81. Asia-Pacific Bunker Fuel Market Share (%), By Country, 2018-2032F
  • Figure 82. India Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 83. India Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 84. India Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 85. India Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 86. China Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 87. China Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 88. China Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 89. China Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 90. Japan Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 91. Japan Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 92. Japan Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 93. Japan Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 94. Australia Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 95. Australia Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 96. Australia Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 97. Australia Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 98. Vietnam Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 99. Vietnam Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 100. Vietnam Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 101. Vietnam Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 102. South Korea Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 103. South Korea Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 104. South Korea Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 105. South Korea Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 106. Indonesia Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 107. Indonesia Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 108. Indonesia Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 109. Indonesia Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 110. Philippines Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 111. Philippines Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 112. Philippines Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 113. Philippines Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 114. Middle East & Africa Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 115. Middle East & Africa Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 116. Middle East & Africa Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 117. Middle East & Africa Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 118. Middle East & Africa Bunker Fuel Market Share (%), By Country, 2018-2032F
  • Figure 119. Saudi Arabia Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 120. Saudi Arabia Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 121. Saudi Arabia Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 122. Saudi Arabia Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 123. UAE Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 124. UAE Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 125. UAE Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 126. UAE Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 127. South Africa Bunker Fuel Market, By Value, In USD Billion, 2018-2032F
  • Figure 128. South Africa Bunker Fuel Market, By Volume, in Thousand Barrels, 2018-2032F
  • Figure 129. South Africa Bunker Fuel Market Share (%), By Type, 2018-2032F
  • Figure 130. South Africa Bunker Fuel Market Share (%), By End-user, 2018-2032F
  • Figure 131. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 132. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 133. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
目次
Product Code: MX13452

Global bunker fuel market is projected to witness a CAGR of 3.51% during the forecast period 2025-2032, growing from USD 145.12 billion in 2024 to USD 191.24 billion in 2032. The bunker fuel market has experienced significant growth in recent years due to rising maritime transport volumes, expanding fleets, and increasing trade activities, particularly in emerging economies which is expected to maintain a strong pace of expansion in the coming years. Bunker fuels are used in large vessels such as tankers, bulk carriers, and cargo ships. With the rising investment in the deployment of large vessels by shipping companies leads to rising demand for bunker fuel in the market.

Currently, the bunker fuel industry is undergoing a significant transformation due to the implementation of stricter environmental regulations in various countries, such as IMO 2020 sulphur cap and upcoming carbon intensity (CII) regulations. The ongoing regulations mandate the use of lower emissions and encourage the adoption of cleaner fuels such as low-Sulphur and biofuel in the market. The industry is moving towards decarbonization which drives the demand for the low-Sulphur fuels in the bunker fuel market in the forecast period.

The push for decarbonization has spurred investment in low-carbon and zero-emission solutions which boosted the demand for biofuels in bunker fuels in the market. Several oil producers are looking to investing in bunkering digital solutions, sustainable fuel production, and emission-cutting technologies which create the opportunity for bunker fuels in the market. In addition, the growth of bunkering infrastructure in major ports, and alliances between energy corporations and shipping companies will increase the bunker fuel market size in the next few years.

For instance, in December 2024, ZeroNorth and Hapag-Lloyd decided to enter a new strategic partnership which aimed at launching a procurement & planning solution. The partnership between the two companies will set out to create a new digital solution which enables Hapag-Lloyd to effectively navigate the energy transition, reduce fuel spend, and cut costs. The solution aims to set the new industry standard for digitalizing the end-to-end bunker planning and procurement process. This development highlights that companies are investing in bunking fuel operations which help the market to grow in the coming year.

Expansion of Shipping Fleet and Maritime Activities Propelling Market Growth

Globally, the expansion of shipping fleets and increased maritime activities boosted the demand for bunker fuel in the market. The bunker fuel helps in powering vessels to take goods to different nations. Moreover, with the rising imports and export of goods, the shipping companies expand fleets and cargo ships to accommodate higher volumes of trade which correspondingly leads to a rise in the demand for bunker fuels in the market. Emerging economies contribute to the trade of goods between the countries which increases the maritime activities which necessitate additional shipping capacity. Furthermore, the growth in a large fleet of vessels including tankers, bulk carriers, and container ships, to meet the increasing logistical demand contributed to the rise in demand for bunker fuel in the market.

For instance, in March 2025, CMA CGM Group decided to invest around USD 20 billion in the United States marine transportation sector and support the transformation of America's domestic supply chain over the next four years. This development highlights that companies are expanding the operations which will drive the demand for bunker fuel in the coming year.

Shipping companies are looking to invest in larger vessels such as container ships and bulk carriers, which consume substantial amounts of bunker fuel thus contributing to a rise in the demand for bunker fuel in the market. Upgrades in port facilities and the opening of new shipping routes have improved maritime connectivity, making trade flows between the countries smoother. The opening and development of new trade routes elevated bunker fuel consumption in the market. Moreover, the deployment of support vessels and platforms for oil and gas exploration in the sea boosts the demand for bunker fuels in the sector.

Rising Stricter Emissions Regulations Creating Market Opportunities

Countries are implementing strict regulations such as the International Maritime Organization's (IMO) sulphur cap and greenhouse gas reduction targets to control the emission of sulphur from the marine sector. The implementation of stricter emissions regulations assisted in reshaping the bunker fuel market and created significant opportunities for cleaner bunker fuel in the market. The shift toward lower-emission fuels has created a new market opportunity for bunker fuel in the market. The advance bunker fuels help in reducing the emission of sulphur oxides (SOx) and nitrogen oxides (NOx), from the shipping industry which drives clean bunker fuels in the sector. The IMO 2020 regulation which limits sulphur content in marine fuels to 0.5%, has driven the adoption of cleaner fuels such as very-low sulphur fuel oil (VLSFO), and liquefied natural gas (LNG) in the market

Low sulphur-based bunker fuel helps in reducing carbon footprints and achieving the set targets of net-zero. The VLSFO gained traction as a transitional fuel due to its lower sulphur and particulate emissions thus creating its demand in the market. Meanwhile, modern technologies such as ammonia and hydrogen-powered ships are being researched for long-term decarbonization and are being invested in by energy players and shipyards. As increasingly stringent regulation concerns traditional bunker fuel prompts firms to innovate new products specific to meet environmental requirements. In conclusion, more stringent emissions rules are revolutionizing the bunker fuel market by promoting demand for sophisticated bunker fuel in the market.

For instance, in January 2025, under European Union regulation only the ships which reduce bunker fuel emissions by 2% each year during 2025-2029, will be allowed to enter Europe. The region set the emissions baseline of 91.16 grams of CO2 equivalent. This development highlights that new regulations are being introduced in different regions to control the emissions which drive the demand for low sulphur and biofuel in the bunker fuel market in the coming years.

Very-Low Sulphur Fuel Oil Segment Gaining Market Share

The demand for very-low sulphur fuel oil (VLSFO) is increasing in the market due to rising stringent environmental regulations regarding the lower emission of sulphur. The fuel is able to comply with the International Maritime Organization (IMO) 2020 regulation, which requires lowering sulphur content in maritime fuels from 3.5% to 0.5% as a result of which its demand is rising in the market. VLSFO provides shipping operators with a compliant and viable way to meet such sulphur emission requirements without necessarily needing complex retrofitting of the ship system which drive its adoption in the market.

Second, the VLSFO is getting a boost as it is economically more viable as compared to marine gas oil (MGO) and high sulphur fuel oil (HSFO). Additionally, refining technology has enhanced VLSFO manufacturing quality, bringing it into coherence with the largest share of ship engines while keeping the process economic. Additionally, infrastructure investments involving storage units as well as distributive systems have made VLSFO available across most maritime jurisdictions. The greater focus on sustainable operations and regulatory compliance drive VLSFO demand in the next few years.

Asia-Pacific Leads the Bunker Fuel Market

Asia-Pacific has dominated the bunker fuel market and is expected to continue during the forecast period. The region is becoming a global hub for international trade which leads to the high marine traffic in different states of the region. The region has major ports in Singapore, China, and South Korea which manage billions of tons of cargo annually. With the surge in trade volume requires significant amounts of bunker fuel to power vessels transporting goods across long distances, making the region a critical market for bunker fuel consumption.

Rising energy consumption in developing countries such as China and India have also increased crude oil and natural gas trade in the region which further boosts bunker fuel requirements. Moreover, rising investments in port infrastructure and the adoption of low-Sulphur fuel led to a rise in demand for bunker fuel in the market.

For instance, in March 2025, The Ministry of Ports, Shipping & Waterways of India aims to complete 150 projects related to the marine sector by September 2025. The government is going to invest around USD 11.7 million in inland waterways, digital modernization, and maritime startups with key initiatives such as Bharat container shipping line and a green shipping corridor. This development highlights the government is investing in the upliftment of the marine sector in the region which will drive the demand for bunker fuel in the market.

Future Market Scenario (2025 - 2032F)

The shift toward cleaner fuels like very-low sulphur fuel oil (VLSFO), liquefied natural gas (LNG), and biofuels is expected to accelerate, driven by regulatory compliance and sustainability goals.

Rising investment in new bunkering infrastructure for LNG and biofuels will drive the demand for bunker fuel in the market.

The bunker fuel industry is moving toward zero-carbon bunker fuels, with emerging technologies like blue and green ammonia and biofuels poised to play a significant role in the future.

Key Players Landscape and Outlook

To increase market share in the bunker fuel industry, companies are adopting innovative strategic measures which could align with evolving market dynamics and regulatory requirements. Companies are looking to invest in cleaner and sustainable fuel production such as very low-Sulphur fuel oil, liquefied natural gas, and biofuels. Companies are looking to expand the bunkering infrastructure, especially in high-demand regions like Asia-Pacific, which could enhance accessibility and reliability for customers. Several bunker fuel producers are entering into the contract with the ship owners for export of the fuel products which will drive the demand for bunker fuels in the market.

For instance, in October 2024, TotalEnergies SE signed a contract with Spanish shipowner Ibaizabal for a new liquefied natural gas bunker vessel of 18,600 m3 capacity. The new vessel will expand the company's global presence in bunkering hubs. This development highlights that fuel producers are making strategic moves to increase global presence which will increase the revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

  • 5.1. Factors Considered in Purchase Decisions
    • 5.1.1. Quality
    • 5.1.2. Price
    • 5.1.3. Operational Efficiency
    • 5.1.4. Emission Standards

6. Global Bunker Fuel Market Outlook, 2018-2032F

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Type
      • 6.2.1.1. Heavy Fuel Oil
      • 6.2.1.2. Marine Diesel Oil/Marine Gas Oil
      • 6.2.1.3. Very-Low Sulphur Fuel Oil
      • 6.2.1.4. Liquefied Natural Gas
      • 6.2.1.5. Others
    • 6.2.2. By End-user
      • 6.2.2.1. Container Ship
      • 6.2.2.2. Bulk Carrier
      • 6.2.2.3. General Cargo
      • 6.2.2.4. Oil Tanker
      • 6.2.2.5. Offshore Support Vessel
      • 6.2.2.6. Others
    • 6.2.3. By Region
      • 6.2.3.1. North America
      • 6.2.3.2. Europe
      • 6.2.3.3. Asia-Pacific
      • 6.2.3.4. South America
      • 6.2.3.5. Middle East and Africa
    • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
  • 6.3. Market Map Analysis, 2024
    • 6.3.1. By Type
    • 6.3.2. By End-user
    • 6.3.3. By Region

7. North America Bunker Fuel Market Outlook, 2018-2032F*

  • 7.1. Market Size Analysis & Forecast
    • 7.1.1. By Value
    • 7.1.2. By Volume
  • 7.2. Market Share Analysis & Forecast
    • 7.2.1. By Type
      • 7.2.1.1. Heavy Fuel Oil
      • 7.2.1.2. Marine Diesel Oil/Marine Gas Oil
      • 7.2.1.3. Very-Low Sulphur Fuel Oil
      • 7.2.1.4. Liquefied Natural Gas
      • 7.2.1.5. Others
    • 7.2.2. By End-user
      • 7.2.2.1. Container Ship
      • 7.2.2.2. Bulk Carrier
      • 7.2.2.3. General Cargo
      • 7.2.2.4. Oil Tanker
      • 7.2.2.5. Offshore Support Vessel
      • 7.2.2.6. Others
    • 7.2.3. By Country Share
      • 7.2.3.1. United States
      • 7.2.3.2. Canada
      • 7.2.3.3. Mexico
  • 7.3. Country Market Assessment
    • 7.3.1. United States Bunker Fuel Market Outlook, 2018-2032F*
      • 7.3.1.1. Market Size Analysis & Forecast
        • 7.3.1.1.1. By Value
        • 7.3.1.1.2. By Volume
      • 7.3.1.2. Market Share Analysis & Forecast
        • 7.3.1.2.1. By Type
          • 7.3.1.2.1.1. Heavy Fuel Oil
          • 7.3.1.2.1.2. Marine Diesel Oil/Marine Gas Oil
          • 7.3.1.2.1.3. Very-Low Sulphur Fuel Oil
          • 7.3.1.2.1.4. Liquefied Natural Gas
          • 7.3.1.2.1.5. Others
        • 7.3.1.2.2. By End-user
          • 7.3.1.2.2.1. Container Ship
          • 7.3.1.2.2.2. Bulk Carrier
          • 7.3.1.2.2.3. General Cargo
          • 7.3.1.2.2.4. Oil Tanker
          • 7.3.1.2.2.5. Offshore Support Vessel
          • 7.3.1.2.2.6. Others
    • 7.3.2. Canada
    • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Bunker Fuel Market Outlook, 2018-2032F

  • 8.1. Germany
  • 8.2. France
  • 8.3. Italy
  • 8.4. United Kingdom
  • 8.5. Russia
  • 8.6. Netherlands
  • 8.7. Spain
  • 8.8. Turkey
  • 8.9. Poland

9. Asia-Pacific Bunker Fuel Market Outlook, 2018-2032F

  • 9.1. India
  • 9.2. China
  • 9.3. Japan
  • 9.4. Australia
  • 9.5. Vietnam
  • 9.6. South Korea
  • 9.7. Indonesia
  • 9.8. Philippines

10. South America Bunker Fuel Market Outlook, 2018-2032F

  • 10.1. Brazil
  • 10.2. Argentina

11. Middle East and Africa Bunker Fuel Market Outlook, 2018-2032F

  • 11.1. Saudi Arabia
  • 11.2. UAE
  • 11.3. South Africa

12. Value Chain Analysis

13. Porter's Five Forces Analysis

14. PESTLE Analysis

15. Pricing Analysis

16. Market Dynamics

  • 16.1. Market Drivers
  • 16.2. Market Challenges

17. Market Trends and Developments

18. Competitive Landscape

  • 18.1. Competition Matrix of Top 5 Market Leaders
  • 18.2. SWOT Analysis for Top 5 Players
  • 18.3. Key Players Landscape for Top 10 Market Players
    • 18.3.1. BP Oil International Limited
      • 18.3.1.1. Company Details
      • 18.3.1.2. Key Management Personnel
      • 18.3.1.3. Products and Services
      • 18.3.1.4. Financials (As Reported)
      • 18.3.1.5. Key Market Focus and Geographical Presence
      • 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 18.3.2. Sinopec Fuel Oil Sales Co.,Ltd.
    • 18.3.3. China Marine Bunker (PetroChina) Co.Ltd.
    • 18.3.4. Shell International B.V.
    • 18.3.5. Exxon Mobil Corporation.
    • 18.3.6. Chevron Corporation.
    • 18.3.7. TotalEnergies Marine Fuels Pte. Ltd.
    • 18.3.8. Lukoil-Bunker LLC
    • 18.3.9. Saudi Arabian Oil Co.
    • 18.3.10. Indian Oil Corporation Limited (IOCL)

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

19. Strategic Recommendations

20. About Us and Disclaimer