Allied Market Research

2024

Marine Bunker Oil Market

Marine Bunker Oil Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Residual Fuel, Distillate Fuel) and by Application (Commercial Shipping, Military Shipping, Leisure Shipping): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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Marine bunker oil is used in ship bunkers to power the ship engines. Majority of the marine bunker oils are classified into two types, residual fuel and distillate fuel. Residual fuel is the leftover fuel after the extraction of light hydrocarbon such as gasoline and diesel from the crude oil. Marine bunker oil is largely used by commercial shipping, military shipping, and leisure shipping industries.

Increase in marine trade and surge in ship production drive the growth of the marine bunker oil market. Furthermore, low cost of marine bunker fuels its demand, thereby supplementing the market growth. However, harmful and polluting effects of marine bunker oil hinder the market growth.

The marine bunker oil market is segmented on the basis of type, application, and geography. By type, the market is divided into residual fuel and distillate fuel. The application covered in the study include commercial shipping, military shipping, and leisure shipping. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major player analyzed in this report are BP P.L.C., Chemoil Energy Limited, Cockett Marine Oil, Sentek Marine & Trading, Transocean Oil Pte Ltd, Total Marine Fuels, ExxonMobil, Panoil Petroleum, Royal Dutch Shell plc, and Consort Bunkers Pte Ltd.

Key Benefits

  • The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the investment pockets.
  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
  • The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
  • Extensive analysis of different segments facilitates to understand various products of the market.
  • Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.

Marine Bunker Oil Market Report Highlights

Aspects Details
Marine Bunker Oil Market By Type
By Type
  • Residual Fuel
  • Distillate Fuel
Marine Bunker Oil Market By Application
By Application
  • Commercial Shipping
  • Military Shipping
  • Leisure Shipping
Marine Bunker Oil Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Cockett Marine Oil, Total Marine Fuels, Transocean Oil Pte Ltd, Chemoil Energy Limited, Panoil Petroleum, Consort Bunkers Pte Ltd., Sentek Marine & Trading, BP P.L.C., Royal Dutch Shell plc,, ExxonMobil

Key Market Players

Yang Ming Marine Transport Corporation, HMM Co. Ltd, Pacific International Lines Pte Ltd

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Marine Bunker Oil Market

Global Opportunity Analysis and Industry Forecast, 2023-2032