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Bunker Oil-Global Market Insights and Sales Trends 2024
Synopsis
Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42 °C (108 °F) and oils burned in cotton or wool-wick burners. Fuel oil is made of long hydrocarbon chains, particularly alkanes, cycloalkanes and aromatics.
The global Bunker Oil market size is expected to reach US$ 530.5 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Bunker Oil in various end use industries. The expanding demands from the Container Vessels, Tanker Vessels and Bulk & General Cargo Vessels,, are propelling Bunker Oil market. Residual Fuel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Distillate Fuel segment is estimated at % CAGR for the next seven-year period.
The continuously increasing naval expenditure is impacting the market positively. The governments across the globe are increasing their spending to raise the defense capacities of their countries to combat external threats pertaining to security issues. The global military expenditure is likely to increase considerably over the next few years. As a result, the spending will directly reflect the growth of the bunker oil market during the forecast period. Various countries including China, Russia, India, Saudi Arabia, the US, and other countries such as Indonesia and South Korea have increased their military spending substantially over the past few years. This will eventually lead to the growth of the bunker oil market during the forecast period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bunker Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bunker Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bunker Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bunker Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bunker Oil covered in this report include BP, Chevron, Exxon Mobil, Gazprom, HPCL and Royal Dutch Shell, etc.
The global Bunker Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BP
Chevron
Exxon Mobil
Gazprom
HPCL
Royal Dutch Shell
Global Bunker Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bunker Oil market, Segment by Type:
Residual Fuel
Distillate Fuel
Global Bunker Oil market, by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bunker Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bunker Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42 °C (108 °F) and oils burned in cotton or wool-wick burners. Fuel oil is made of long hydrocarbon chains, particularly alkanes, cycloalkanes and aromatics.
The global Bunker Oil market size is expected to reach US$ 530.5 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Bunker Oil in various end use industries. The expanding demands from the Container Vessels, Tanker Vessels and Bulk & General Cargo Vessels,, are propelling Bunker Oil market. Residual Fuel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Distillate Fuel segment is estimated at % CAGR for the next seven-year period.
The continuously increasing naval expenditure is impacting the market positively. The governments across the globe are increasing their spending to raise the defense capacities of their countries to combat external threats pertaining to security issues. The global military expenditure is likely to increase considerably over the next few years. As a result, the spending will directly reflect the growth of the bunker oil market during the forecast period. Various countries including China, Russia, India, Saudi Arabia, the US, and other countries such as Indonesia and South Korea have increased their military spending substantially over the past few years. This will eventually lead to the growth of the bunker oil market during the forecast period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bunker Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bunker Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bunker Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bunker Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bunker Oil covered in this report include BP, Chevron, Exxon Mobil, Gazprom, HPCL and Royal Dutch Shell, etc.
The global Bunker Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BP
Chevron
Exxon Mobil
Gazprom
HPCL
Royal Dutch Shell
Global Bunker Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bunker Oil market, Segment by Type:
Residual Fuel
Distillate Fuel
Global Bunker Oil market, by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bunker Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bunker Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bunker Oil Market Overview
1.1 Bunker Oil Product Overview
1.2 Bunker Oil Market Segment by Type
1.2.1 Residual Fuel
1.2.2 Distillate Fuel
1.3 Global Bunker Oil Market Size by Type
1.3.1 Global Bunker Oil Market Size Overview by Type (2018-2029)
1.3.2 Global Bunker Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bunker Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bunker Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bunker Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bunker Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bunker Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bunker Oil Sales Breakdown by Type (2018-2023)
2 Global Bunker Oil Market Competition by Company
2.1 Global Top Players by Bunker Oil Sales (2018-2023)
2.2 Global Top Players by Bunker Oil Revenue (2018-2023)
2.3 Global Top Players by Bunker Oil Price (2018-2023)
2.4 Global Top Manufacturers Bunker Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bunker Oil Market Competitive Situation and Trends
2.5.1 Bunker Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bunker Oil Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bunker Oil as of 2022)
2.7 Date of Key Manufacturers Enter into Bunker Oil Market
2.8 Key Manufacturers Bunker Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bunker Oil Status and Outlook by Region
3.1 Global Bunker Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bunker Oil Historic Market Size by Region
3.2.1 Global Bunker Oil Sales in Volume by Region (2018-2023)
3.2.2 Global Bunker Oil Sales in Value by Region (2018-2023)
3.2.3 Global Bunker Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bunker Oil Forecasted Market Size by Region
3.3.1 Global Bunker Oil Sales in Volume by Region (2024-2029)
3.3.2 Global Bunker Oil Sales in Value by Region (2024-2029)
3.3.3 Global Bunker Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bunker Oil by Application
4.1 Bunker Oil Market Segment by Application
4.1.1 Container Vessels
4.1.2 Tanker Vessels
4.1.3 Bulk & General Cargo Vessels
4.2 Global Bunker Oil Market Size by Application
4.2.1 Global Bunker Oil Market Size Overview by Application (2018-2029)
4.2.2 Global Bunker Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bunker Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bunker Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bunker Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bunker Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bunker Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bunker Oil Sales Breakdown by Application (2018-2023)
5 North America Bunker Oil by Country
5.1 North America Bunker Oil Historic Market Size by Country
5.1.1 North America Bunker Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bunker Oil Sales in Volume by Country (2018-2023)
5.1.3 North America Bunker Oil Sales in Value by Country (2018-2023)
5.2 North America Bunker Oil Forecasted Market Size by Country
5.2.1 North America Bunker Oil Sales in Volume by Country (2024-2029)
5.2.2 North America Bunker Oil Sales in Value by Country (2024-2029)
6 Europe Bunker Oil by Country
6.1 Europe Bunker Oil Historic Market Size by Country
6.1.1 Europe Bunker Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bunker Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe Bunker Oil Sales in Value by Country (2018-2023)
6.2 Europe Bunker Oil Forecasted Market Size by Country
6.2.1 Europe Bunker Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe Bunker Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific Bunker Oil by Region
7.1 Asia-Pacific Bunker Oil Historic Market Size by Region
7.1.1 Asia-Pacific Bunker Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bunker Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bunker Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bunker Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific Bunker Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bunker Oil Sales in Value by Region (2024-2029)
8 Latin America Bunker Oil by Country
8.1 Latin America Bunker Oil Historic Market Size by Country
8.1.1 Latin America Bunker Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bunker Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bunker Oil Sales in Value by Country (2018-2023)
8.2 Latin America Bunker Oil Forecasted Market Size by Country
8.2.1 Latin America Bunker Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bunker Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa Bunker Oil by Country
9.1 Middle East and Africa Bunker Oil Historic Market Size by Country
9.1.1 Middle East and Africa Bunker Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bunker Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bunker Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bunker Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa Bunker Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bunker Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BP
10.1.1 BP Company Information
10.1.2 BP Introduction and Business Overview
10.1.3 BP Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BP Bunker Oil Products Offered
10.1.5 BP Recent Development
10.2 Chevron
10.2.1 Chevron Company Information
10.2.2 Chevron Introduction and Business Overview
10.2.3 Chevron Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chevron Bunker Oil Products Offered
10.2.5 Chevron Recent Development
10.3 Exxon Mobil
10.3.1 Exxon Mobil Company Information
10.3.2 Exxon Mobil Introduction and Business Overview
10.3.3 Exxon Mobil Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Exxon Mobil Bunker Oil Products Offered
10.3.5 Exxon Mobil Recent Development
10.4 Gazprom
10.4.1 Gazprom Company Information
10.4.2 Gazprom Introduction and Business Overview
10.4.3 Gazprom Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Gazprom Bunker Oil Products Offered
10.4.5 Gazprom Recent Development
10.5 HPCL
10.5.1 HPCL Company Information
10.5.2 HPCL Introduction and Business Overview
10.5.3 HPCL Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 HPCL Bunker Oil Products Offered
10.5.5 HPCL Recent Development
10.6 Royal Dutch Shell
10.6.1 Royal Dutch Shell Company Information
10.6.2 Royal Dutch Shell Introduction and Business Overview
10.6.3 Royal Dutch Shell Bunker Oil Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Royal Dutch Shell Bunker Oil Products Offered
10.6.5 Royal Dutch Shell Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bunker Oil Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bunker Oil Industrial Chain Analysis
11.4 Bunker Oil Market Dynamics
11.4.1 Bunker Oil Industry Trends
11.4.2 Bunker Oil Market Drivers
11.4.3 Bunker Oil Market Challenges
11.4.4 Bunker Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bunker Oil Distributors
12.3 Bunker Oil Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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