Allied Market Research

2024

Marine Diesel Market

Marine Diesel Market Size, Share, Competitive Landscape and Trend Analysis Report by End User, by Distribution Channel and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Non Renewable/Conventional

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Author's: | Eswara Prasad
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Marine diesels are composed of blends of gasoil and heavy fuel oil and heavily utilized on maritime fields. Marine diesel oils are also termed as distillate marine diesels. Moreover, these are extensively deployed in medium speed and high-speed marine diesel engines. It is also used in the larger, slow speed, and medium speed propulsion engine, which normally burn residual fuel. Those fuels are obtained from catalytic cracking process. Moreover, according to International Maritime Organisation (IMO) and the International Convention for the Prevention of Pollution from Ships (MARPOL) certain regulations limit the emissions of excess sulfur into the air. These regulations have also led countries and organizations establish regulations and laws on MDO use. In addition, due to its lower price compared to more refined fuel, MDO is favored particularly by the shipping industry.

The global marine diesel market has foreseen some huge sack opportunities over the past few years. Moreover, the International Maritime Organizations regulate the usage of sulfur cap of 0.50% m/m (mass/mass) in 2020 for marine fuels, and increase in ocean-borne trade, especially in ton-km travelled. These factors boost the growth of the market. However, obsolete vessels are replaced by more competent boats, which in turn is expected to drive the market. In addition, the developing marine logistics business, cost efficient LNG products, coupled with imposition of environmental regulations on chemical emissions are other factors that fuel the market. These effective improvements are anticipated to balance the increments in trade to some extent. However, the current decline in the oil prices and the subsequent slowdown in the oil and gas industry is expected to restrict the market.

The report segments the market on the basis of end-user, distribution channel, application, and geography. Based on end user, the market is divided as container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing, and gas tanker. Based on distribution channel, the market is classified as oil majors, large independent, small independent. By application, the market is categorized into fuel consumption, efficiency level, fleet management, and viscosity control. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This report provides a quantitative analysis of the current trends and estimations of the global marine diesel market to identify the prevailing market opportunities.
  • Major countries in each region are mapped according to individual market revenue.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
  • Key players and their key developments in the recent years are listed.

Marine Diesel Market Report Highlights

Aspects Details
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By End User
  • Container
  • Bulk Carrier
  • Oil Tanker
  • General Cargo
  • Chemical Tanker
  • Fishing
  • Gas Tanker
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By Distribution Channel
  • Oil Majors
  • Large Independent
  • Small Independent
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By Application
  • Fuel Consumption
  • Efficiency Level
  • Fleet Management
  • Viscosity Control
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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)
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Key Market Players

Exxon Mobil, BP PLC, Harvey Gulf International Marine LLC., Bomin Bunker Oil Corp, Chemoil Energy Ltd, Indian Oil Corporation, Royal Dutch Shell PLC, Gazprom Neft PJSC, Aegean Marine Petroleum Network Inc., KPI Bridge Oil A/S

Key Market Players
Other Key Market Players

Wartsila, Honda motors co.ltd.

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Marine Diesel Market

Global Opportunity Analysis and Industry Forecast, 2023-2032