The global bunker fuel market was valued at $137,215.5 million in 2017, and is projected to reach $273,050.4 million by 2025, growing at a CAGR of +9.4% from 2018 to 2025.
Bunker fuel is technically any type of fuel oil used aboard vessels. This kind of material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature. In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting.
Fuel utilized by shipping companies for fueling their marine fleet is commonly referred to as bunker fuel. Currently, fuel oil is the most widely used bunker fuel. However, apart from fuel oil, other middle distillate fuels are also utilized as bunker fuels. Bunker fuel costs account for approximately 70% of the total voyage expenditure for a vessel and ship operators prefer purchasing bunker fuel from ports where the cost is lower.
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The following manufacturers are covered in this report:
World Fuel Services
China Marine Bunker
Total Marine Fuel
China Changjiang Bunker (Sinopec)
Alliance Oil Company
Shanghai Lonyer Fuels
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At present, Southeast Asia, EU, the US, China and Japan have most of the refueling ports. Singapore port is the world largest refueling port. EU follows the Singapore bunker fuel market in terms of consumption with leading ports like Rotterdam and Antwerp, etc. The United States is another key market for the global bunker fuel industry. China is also being the main contributors to this industry with world leading ports like Shanghai Port and Shenzhen Port, etc.
In the bunker industry, there are two primary kinds of fuels currently being used; distillate fuel and residual fuel. Among the two, distillate fuel accounted for around 80.37% of global bunker consumption in 2015. In recent years, liquefied natural gas (LNG) as a bunker fuel also gets much attentions in the bunker fuel market.
Bunker Fuel Breakdown Data by Type
Distillate Fuel Oil
Residual Fuel Oil
Bunker Fuel Breakdown Data by Application
General Cargo Vessels
Bunker Fuel Production Breakdown Data by Region
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Major Points Covered in Table of Contents:
1 Industry Overview
2 Manufacturing Cost Structure Analysis of bunker fuel Market
3 Technical Data and Manufacturing Plants Analysis
4 Production Analyses of bunker fuel Market by Regions, Technology, and Applications
5 Sales and Revenue Analysis of bunker fuel Market by Regions
6 Analyses of bunker fuel Market Production, Supply, Sales and Market Status 2019-2025
7 Analysis of bunker fuel Market industry Key Manufacturers
8 Price and Gross Mar bunker fuel Analysis
9 Marketing Traders or Distributor Analysis of bunker fuel Market
10 Development Trend of bunker fuel Market industries 2019-2025
11 Industry Chain Suppliers of bunker fuel Market with Contact Information
12 New Project Investment Feasibility Analysis of bunker fuel Market
13 Conclusion of the bunker fuel industry 2019 Market Research Report
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