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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 was valued at US$ 398.5 million in 2023 and is anticipated to reach US$ 530.5 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Bunker Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bunker Oil.
Report Scope
The Bunker Oil market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bunker Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bunker Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BP
Chevron
Exxon Mobil
Gazprom
HPCL
Royal Dutch Shell
Segment by Type
Residual Fuel
Distillate Fuel
Segment by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Bunker Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Bunker Oil by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Bunker Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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 was valued at US$ 398.5 million in 2023 and is anticipated to reach US$ 530.5 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Bunker Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bunker Oil.
Report Scope
The Bunker Oil market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bunker Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bunker Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BP
Chevron
Exxon Mobil
Gazprom
HPCL
Royal Dutch Shell
Segment by Type
Residual Fuel
Distillate Fuel
Segment by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Bunker Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Bunker Oil by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Bunker Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Bunker Oil Market Overview
1.1 Product Definition
1.2 Bunker Oil Segment by Type
1.2.1 Global Bunker Oil Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Residual Fuel
1.2.3 Distillate Fuel
1.3 Bunker Oil Segment by Application
1.3.1 Global Bunker Oil Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Container Vessels
1.3.3 Tanker Vessels
1.3.4 Bulk & General Cargo Vessels
1.4 Global Market Growth Prospects
1.4.1 Global Bunker Oil Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Bunker Oil Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Bunker Oil Production Estimates and Forecasts (2019-2030)
1.4.4 Global Bunker Oil Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Bunker Oil Production Market Share by Manufacturers (2019-2024)
2.2 Global Bunker Oil Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Bunker Oil, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Bunker Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Bunker Oil Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Bunker Oil, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Bunker Oil, Product Offered and Application
2.8 Global Key Manufacturers of Bunker Oil, Date of Enter into This Industry
2.9 Bunker Oil Market Competitive Situation and Trends
2.9.1 Bunker Oil Market Concentration Rate
2.9.2 Global 5 and 10 Largest Bunker Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Bunker Oil Production by Region
3.1 Global Bunker Oil Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Bunker Oil Production Value by Region (2019-2030)
3.2.1 Global Bunker Oil Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Bunker Oil by Region (2025-2030)
3.3 Global Bunker Oil Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Bunker Oil Production by Region (2019-2030)
3.4.1 Global Bunker Oil Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Bunker Oil by Region (2025-2030)
3.5 Global Bunker Oil Market Price Analysis by Region (2019-2024)
3.6 Global Bunker Oil Production and Value, Year-over-Year Growth
3.6.1 North America Bunker Oil Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Bunker Oil Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Bunker Oil Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Bunker Oil Production Value Estimates and Forecasts (2019-2030)
4 Bunker Oil Consumption by Region
4.1 Global Bunker Oil Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Bunker Oil Consumption by Region (2019-2030)
4.2.1 Global Bunker Oil Consumption by Region (2019-2024)
4.2.2 Global Bunker Oil Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Bunker Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Bunker Oil Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Bunker Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Bunker Oil Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Bunker Oil Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Bunker Oil Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Bunker Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Bunker Oil Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Bunker Oil Production by Type (2019-2030)
5.1.1 Global Bunker Oil Production by Type (2019-2024)
5.1.2 Global Bunker Oil Production by Type (2025-2030)
5.1.3 Global Bunker Oil Production Market Share by Type (2019-2030)
5.2 Global Bunker Oil Production Value by Type (2019-2030)
5.2.1 Global Bunker Oil Production Value by Type (2019-2024)
5.2.2 Global Bunker Oil Production Value by Type (2025-2030)
5.2.3 Global Bunker Oil Production Value Market Share by Type (2019-2030)
5.3 Global Bunker Oil Price by Type (2019-2030)
6 Segment by Application
6.1 Global Bunker Oil Production by Application (2019-2030)
6.1.1 Global Bunker Oil Production by Application (2019-2024)
6.1.2 Global Bunker Oil Production by Application (2025-2030)
6.1.3 Global Bunker Oil Production Market Share by Application (2019-2030)
6.2 Global Bunker Oil Production Value by Application (2019-2030)
6.2.1 Global Bunker Oil Production Value by Application (2019-2024)
6.2.2 Global Bunker Oil Production Value by Application (2025-2030)
6.2.3 Global Bunker Oil Production Value Market Share by Application (2019-2030)
6.3 Global Bunker Oil Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BP
7.1.1 BP Bunker Oil Corporation Information
7.1.2 BP Bunker Oil Product Portfolio
7.1.3 BP Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BP Main Business and Markets Served
7.1.5 BP Recent Developments/Updates
7.2 Chevron
7.2.1 Chevron Bunker Oil Corporation Information
7.2.2 Chevron Bunker Oil Product Portfolio
7.2.3 Chevron Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Chevron Main Business and Markets Served
7.2.5 Chevron Recent Developments/Updates
7.3 Exxon Mobil
7.3.1 Exxon Mobil Bunker Oil Corporation Information
7.3.2 Exxon Mobil Bunker Oil Product Portfolio
7.3.3 Exxon Mobil Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Exxon Mobil Main Business and Markets Served
7.3.5 Exxon Mobil Recent Developments/Updates
7.4 Gazprom
7.4.1 Gazprom Bunker Oil Corporation Information
7.4.2 Gazprom Bunker Oil Product Portfolio
7.4.3 Gazprom Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Gazprom Main Business and Markets Served
7.4.5 Gazprom Recent Developments/Updates
7.5 HPCL
7.5.1 HPCL Bunker Oil Corporation Information
7.5.2 HPCL Bunker Oil Product Portfolio
7.5.3 HPCL Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.5.4 HPCL Main Business and Markets Served
7.5.5 HPCL Recent Developments/Updates
7.6 Royal Dutch Shell
7.6.1 Royal Dutch Shell Bunker Oil Corporation Information
7.6.2 Royal Dutch Shell Bunker Oil Product Portfolio
7.6.3 Royal Dutch Shell Bunker Oil Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Royal Dutch Shell Main Business and Markets Served
7.6.5 Royal Dutch Shell Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Bunker Oil Industry Chain Analysis
8.2 Bunker Oil Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Bunker Oil Production Mode & Process
8.4 Bunker Oil Sales and Marketing
8.4.1 Bunker Oil Sales Channels
8.4.2 Bunker Oil Distributors
8.5 Bunker Oil Customers
9 Bunker Oil Market Dynamics
9.1 Bunker Oil Industry Trends
9.2 Bunker Oil Market Drivers
9.3 Bunker Oil Market Challenges
9.4 Bunker Oil Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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