Global Bunker Fuel Market Size study, By Type (High Sulfur Fuel Oil, Low Sulfur Fuel Oil, Marine Gasoil, and Others), Commercial Distributor (Oil Majors, Large Independent, and Small Independent), and Application (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing Vessels, Gas Tankers, and Others), and Regional Forecasts 2020-2027

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  • Global Bunker Fuel Market is valued approximately at USD 121 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2020-2027. Bunker fuel is a fuel oil used for marine vessels. It is pumped into the bunkers of the ship to fuel the engines. Ships primarily use three types of marine fuels, including high Sulphur fuel oil, low Sulphur fuel oil and diesel oil. Nowadays, awareness-raising to minimize environmental pollution and strict government regulations are expected to create opportunities for fuels, including LNG, gasoil, LPG, and others to replace the above-mentioned bunker fuels. The MO Regulation on the sulphur content of marine fuel and the rise in offshore oil & gas exploration activities are main drivers for the growth of the global Bunker Fuel market. However, efforts to minimize fuel consumption by the shipping industry are a key factor in limiting the growth of the global market. The increase in emphasis on LNG as an alternative marine fuel is expected to build opportunities in the global market for bunker fuel. Vessels and ship owners choose the lowest priced fuel oil available on the market, accounting for more than 65 per cent of overall travel expenses. As a result, vendors and manufacturers face dynamic rivalry in the bunker oil industry. This situation is also expected to provide an opportunity to achieve a high profit margin due to emergency fuel requirements. Bunker oil is given to meet the requirements for fuel in ports. As travel is the most preferred mode of transport for trade, which in turn, needs more fuel and has to refill the tanker many times during the journey. This is expected to raise demand for the global fuel oil bunker market over the forecast period. Vessels have a wide load-bearing capacity relative to other modes of transport that are driving industrial development at a rapid rate. Thus, this is another significant factor driving the development of the bunker oil industry.

    The regional analysis of global Bunker Fuel Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia-Pacific bunker fuel bunker market is expected to expand due to growing shipbuilding activities and increasing inter-regional trade. Continuing R&D projects, combined with the involvement of many manufacturers in the industry, would improve product acceptance. Increasing maritime trade in South East Asia, especially across Indonesia and China, would further accelerate the industrial landscape.

    Major market player included in this report are:

    Exxon Mobil Corporation

    Royal Dutch Shell Plc

    Gazpromneft Marine Bunker LLC

    BP PLC

    Lukoil-Bunker LLC

    KPI Bridge Oil A/S

    Chemoil Energy Limited

    Bunker Holding A/S

    Gac Bunker Fuels Ltd

    Bomin Bunker Oil Corp

    The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-
    segment of the market are explained below:

    By Type:

    High Sulfuric Fuel Oil

    Low sulphur Fuel Oil

    Marine Gas Oil


    By Commercial Distributor:

    Oil Majors

    Large Independent

    Small Independent

    By Application:


    Bulk Carrier

    Oil Tanker

    General Cargo

    Chemical Tanker

    Fishing Vessels

    Gas Tankers


    By Region:

    North America










    Asia Pacific





    South Korea


    Latin America



    Rest of the World

    Furthermore, years considered for the study are as follows:

    Historical year – 2017, 2018

    Base year – 2019

    Forecast period – 2020 to 2027

    Target Audience of the Global Bunker Fuel Market in Market Study:

    Key Consulting Companies & Advisors

    Large, medium-sized, and small enterprises

    Venture capitalists

    Value-Added Resellers (VARs)

    Third-party knowledge providers

    Investment bankers



  • With tables and figures helping analyze worldwide Global Bunker Fuel market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1. Executive Summary
    1.1. Market Snapshot
    1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    1.2.1. Bunker Fuel Market, by Region, 2018-2027 (USD Billion)
    1.2.2. Bunker Fuel Market, by Type, 2018-2027 (USD Billion)
    1.2.3. Bunker Fuel Market, by Commercial Distributor, 2018-2027 (USD Billion)
    1.2.4. Bunker Fuel Market, by Application, 2018-2027 (USD Billion)
    1.3. Key Trends
    1.4. Estimation Methodology
    1.5. Research Assumption
    Chapter 2. Global Bunker Fuel Market Definition & Scope
    2.1. Objective of the Study
    2.2. Market Definition & Scope
    2.2.1. Scope of the Study
    2.2.2. Industry Evolution
    2.3. Years Considered for the Study
    2.4. Currency Conversion Rates
    Chapter 3. Global Bunker Fuel Market Dynamics
    3.1. Bunker Fuel Market Impact Analysis (2018-2027)
    3.1.1. Market Drivers
    3.1.2. Market Challenges
    3.1.3. Market Opportunities
    Chapter 4. Global Bunker Fuel Market: Industry Analysis
    4.1. Porter’s 5 Force Model
    4.1.1. Bargaining Power of Suppliers
    4.1.2. Bargaining Power of Buyers
    4.1.3. Threat of New Entrants
    4.1.4. Threat of Substitutes
    4.1.5. Competitive Rivalry
    4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
    4.2. PEST Analysis
    4.2.1. Political
    4.2.2. Economical
    4.2.3. Social
    4.2.4. Technological
    4.3. Investment Adoption Model
    4.4. Analyst Recommendation & Conclusion
    Chapter 5. Global Bunker Fuel Market, by Type
    5.1. Market Snapshot
    5.2. Global Bunker Fuel Market by Type, Performance - Potential Analysis
    5.3. Global Bunker Fuel Market Estimates & Forecasts by Type, 2017-2027 (USD Billion)
    5.4. Bunker Fuel Market, Sub Segment Analysis
    5.4.1. High Sulfuric Fuel Oil
    5.4.2. Low sulphur Fuel Oil
    5.4.3. Marine Gas Oil
    5.4.4. Others
    Chapter 6. Global Bunker Fuel Market, by Commercial Distributor
    6.1. Market Snapshot
    6.2. Global Bunker Fuel Market by Commercial Distributor, Performance - Potential Analysis
    6.3. Global Bunker Fuel Market Estimates & Forecasts by Commercial Distributor, 2017-2027 (USD Billion)
    6.3.1. Oil Majors
    6.3.2. Large Independent
    6.3.3. Small Independent
    Chapter 7. Global Bunker Fuel Market, by Application
    7.1. Market Snapshot
    7.2. Global Bunker Fuel Market by Application, Performance - Potential Analysis
    7.3. Global Bunker Fuel Market Estimates & Forecasts by Application, 2017-2027 (USD Billion)
    7.3.1. Container
    7.3.2. Bulk Carrier
    7.3.3. Oil Tanker
    7.3.4. General Cargo
    7.3.5. Chemical Tanker
    7.3.6. Fishing Vessels
    7.3.7. Gas Tankers
    7.3.8. Others
    Chapter 8. Global Bunker Fuel Market, Regional Analysis
    8.1. Bunker Fuel Market, Regional Market Snapshot
    8.2. North America Bunker Fuel Market
    8.2.1. U.S. Bunker Fuel Market Type breakdown estimates & forecasts, 2017-2027 Commercial Distributor breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
    8.2.2. Canada Bunker Fuel Market
    8.3. Europe Bunker Fuel Market Snapshot
    8.3.1. U.K. Bunker Fuel Market
    8.3.2. Germany Bunker Fuel Market
    8.3.3. France Bunker Fuel Market
    8.3.4. Spain Bunker Fuel Market
    8.3.5. Italy Bunker Fuel Market
    8.3.6. Rest of Europe Bunker Fuel Market
    8.4. Asia-Pacific Bunker Fuel Market Snapshot
    8.4.1. China Bunker Fuel Market
    8.4.2. India Bunker Fuel Market
    8.4.3. Japan Bunker Fuel Market
    8.4.4. Australia Bunker Fuel Market
    8.4.5. South Korea Bunker Fuel Market
    8.4.6. Rest of Asia Pacific Bunker Fuel Market
    8.5. Latin America Bunker Fuel Market Snapshot
    8.5.1. Brazil Bunker Fuel Market
    8.5.2. Mexico Bunker Fuel Market
    8.6. Rest of The World Bunker Fuel Market
    Chapter 9. Competitive Intelligence
    9.1. Top Market Strategies
    9.2. Company Profiles
    9.2.1. Exxon Mobil Corporation Key Information Overview Financial (Subject to Data Availability) Industry Summary Recent Developments
    9.2.2. Royal Dutch Shell Plc
    9.2.3. Gazpromneft Marine Bunker LLC
    9.2.4. BP PLC
    9.2.5. Lukoil-Bunker LLC
    9.2.6. KPI Bridge Oil A/S
    9.2.7. Chemoil Energy Limited
    9.2.8. Bunker Holding A/S
    9.2.9. Gac Bunker Fuels Ltd
    9.2.10. Bomin Bunker Oil Corp
    Chapter 10. Research Process
    10.1. Research Process
    10.1.1. Data Mining
    10.1.2. Analysis
    10.1.3. Market Estimation
    10.1.4. Validation
    10.1.5. Publishing
    10.2. Research Attributes
    10.3. Research Assumption


  • The Global Bunker Fuel Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • Exxon Mobil Corporation Royal Dutch Shell Plc Gazpromneft Marine Bunker LLC BP PLC Lukoil-Bunker LLC KPI Bridge Oil A/S Chemoil Energy Limited Bunker Holding A/S Gac Bunker Fuels Ltd Bomin Bunker Oil Corp
    By Regions:
    • North America
    • U.S.
    • Canada
    • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
    • Latin America
    • Brazil
    • Mexico
    • Rest of the World
    By Type:
    • High Sulfuric Fuel Oil
    • Low sulphur Fuel Oil
    • Marine Gas Oil
    • Others
    • By Commercial Distributor
    • Oil Majors
    • Large Independent
    • Small Independent
    By Application:
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    Research objectives

    Where will all these developments take the industry in the long

    To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

    What are the future opportunities in the market?

    To understand the structure of Market by identifying its various subsegments.

    What are the major driving forces expected to impact the development of the market market across different regions?

    To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

    Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

    To project the consumption of market submarkets, with respect to key regions.

    Who are the major driving forces expected to decide the fate of the industry worldwide.

    To strategically profile the key players and comprehensively analyze their growth strategies.

    What are the key barriers and threats believed to hinder the development of the industry?

    To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

    Who are the prominent market players making a mark in the market with their winning strategies?

    To share detailed information about the key factors influencing the growth of the market

    What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

    Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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