Jun 08, 2020 (The Expresswire) -- ""Final Report will add the analysis of the impact of COVID-19 on this industry.""
Global Bunker Fuel Market 2020 report is a capable and inside and out research report on the world's major economic situations, producers with best statistical data points, definition, expert conclusions and the most recent improvements over the globe. The Report likewise figure the market size, Sales, Price, Revenue, Gross Margin and Market Share, cost structure and development rate. The report considers the income produced from the deals of This Report and advancements by different application fragments.
Global Bunker Fuel Market: About this market
Bunker fuel market analysis considers sales from high sulfur fuel and low sulfur fuel types. Our study also finds the sales of bunker fuel in APAC, Europe, MEA, North America, and South America. In 2019, the low sulfur fuel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the implementation of MARPOL regulations which is restricting the use of fuels with a sulfur content more than 0.5% will play a significant role in the low sulfur fuel segment to maintain its market position. Also, our global bunker fuel market report looks at factors such as the increasing global volume of seaborne trade, expansion of marine fleets, and increasing global refining capacity. However, implementation of MARPOL regulations, fluctuations in the cost of crude oil, and increasing adoption of slow steaming may hamper the growth of the bunker fuel industry over the forecast period.
Bunker Fuel Market Top Player Analysis:
Eon Mobil Corp.
Indian Oil Corp. Ltd.
Ocean Bunkering Services (Pte.) Ltd.
PetroChina Co. Ltd.
Rosneft Oil Co.
Royal Dutch Shell Plc
and TOTAL SA.
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The Bunker Fuel Market report presents the worldwide Bunker Fuel market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2024), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Global Bunker Fuel Market: Overview
Increasing global volume of seaborne trade
Seaborne transportation is a key part of globalization. It enables international trade, supports supply chains, and plays a crucial role in cross-border transportation. Seaborne transportation nurtures industrial development, as it supports the growth of manufacturing, brings together customers and industries, and promotes the integration of economies and trade between regions. The global volume of seaborne trade grew by more than 15% between 2013 and 2018. It is expected to grow further owing to the growth of the global GDP. An increase in disposable income in developing economies has resulted in a rise in their contribution to the growth in the global volume of seaborne trade. This increasing global volume of seaborne trade will lead to the expansion of the global bunker fuel market at a CAGR of over 7% during the forecast period.
Development of scrubber technology
The emission of sulfur must be reduced to comply with the stringent norms related to emissions. Reducing sulfur emissions is a major challenge for the shipping industry, as it requires certain changes. A short-term solution that can help reduce the emission of sulfur is the use of marine scrubbers. Marine scrubbers are exhaust gas cleaning technologies that are used to remove most sulfur oxides and particulate matter from the exhaust gases released by vessels. Several marine scrubber companies are collaborating within the value chain to improve the technology and simplify installation. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global bunker fuel market during the forecast period 2020-2024, click here.
With the presence of several major players, the global bunker fuel market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bunker fuel manufacturers, that include BP Plc, Chevron Corp., Eon Mobil Corp., Indian Oil Corp. Ltd., Ocean Bunkering Services (Pte.) Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA.
Also, the bunker fuel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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Bunker Fuel Equipment and Technology Providers
Traders, Importers, and Exporters
Raw Material Suppliers and Distributors
Research and Consulting Firms
Government and Research Organizations
Associations and Industry Bodies.
The study objectives of this report are:
To analyze global Bunker Fuel status, future forecast, growth opportunity, Bunker Fuel market Trend and key players.
To present the Bunker Fuel development in North America, Europe, China, Japan, Southeast Asia, India and Central and South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the Bunker Fuel market Growth by product type, market and key regions.
For More Table of Contents of Bunker Fuel market Forecast 2020-2024
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Bunker Fuel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Bunker Fuel Market Research Methodology:
The primary sources involve the industry experts from the Global Bunker Fuel industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative and quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources industry experts such as CEOs, vice presidents, marketing director, technology and innovation directors, founders and related key executives from various key companies and organizations in the Global Bunker Fuel industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology-oriented perspectives.
Bunker Fuel Market Table of Content 2020-2024:
1 Bunker Fuel Market Overview
1.1 Product Overview and Scope of Bunker Fuel
1.2 Bunker Fuel Segment by Type
1.2.1 Global Bunker Fuel Production Growth Rate Comparison by Type 2020 VS 2026
1.3 Bunker Fuel Segment by Application
1.4 Global Bunker Fuel Market by Region
1.4.1 Global Bunker Fuel Market Size Estimates and Forecasts by Region: 2020 VS 2026
1.4.2 North America Estimates and Forecasts (2015-2026)
1.4.3 Europe Estimates and Forecasts (2015-2026)
1.4.4 China Estimates and Forecasts (2015-2026)
1.4.5 Japan Estimates and Forecasts (2015-2026)
1.5 Global Bunker Fuel Growth Prospects
1.5.1 Global Bunker Fuel Revenue Estimates and Forecasts (2015-2026)
1.5.2 Global Bunker Fuel Production Capacity Estimates and Forecasts (2015-2026)
1.5.3 Global Bunker Fuel Production Estimates and Forecasts (2015-2026)
2 Market Competition by Manufacturers
2.1 Global Bunker Fuel Production Capacity Market Share by Manufacturers (2015-2020)
2.2 Global Bunker Fuel Revenue Share by Manufacturers (2015-2020)
2.3 Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Bunker Fuel Average Price by Manufacturers (2015-2020)
2.5 Manufacturers Bunker Fuel Production Sites, Area Served, Product Types
2.6 Bunker Fuel Market Competitive Situation and Trends
2.6.1 Bunker Fuel Market Concentration Rate
2.6.2 Global Top 3 and Top 5 Players Market Share by Revenue
2.6.3 Mergers and Acquisitions, Expansion
3 Production Capacity by Region
3.1 Global Production Capacity of Bunker Fuel Market Share by Regions (2015-2020)
3.2 Global Bunker Fuel Revenue Market Share by Regions (2015-2020)
3.3 Global Bunker Fuel Production Capacity, Revenue, Price and Gross Margin (2015-2020)
3.4 North America Bunker Fuel Production
3.4.1 North America Bunker Fuel Production Growth Rate (2015-2020)
3.4.2 North America Bunker Fuel Production Capacity, Revenue, Price and Gross Margin (2015-2020)
3.5 Europe Bunker Fuel Production
3.5.1 Europe Bunker Fuel Production Growth Rate (2015-2020)
3.5.2 Europe Bunker Fuel Production Capacity, Revenue, Price and Gross Margin (2015-2020)
3.6 China Bunker Fuel Production
3.6.1 China Bunker Fuel Production Growth Rate (2015-2020)
3.6.2 China Bunker Fuel Production Capacity, Revenue, Price and Gross Margin (2015-2020)
3.7 Japan Bunker Fuel Production
3.7.1 Japan Bunker Fuel Production Growth Rate (2015-2020)
3.7.2 Japan Bunker Fuel Production Capacity, Revenue, Price and Gross Margin (2015-2020)
4 Global Bunker Fuel Consumption by Regions
4.1 Global Bunker Fuel Consumption by Regions
4.1.1 Global Bunker Fuel Consumption by Region
4.1.2 Global Bunker Fuel Consumption Market Share by Region
5 Production, Revenue, Price Trend by Type
5.1 Global Bunker Fuel Production Market Share by Type (2015-2020)
5.2 Global Bunker Fuel Revenue Market Share by Type (2015-2020)
5.3 Global Bunker Fuel Price by Type (2015-2020)
5.4 Global Bunker Fuel Market Share by Price Tier (2015-2020): Low-End, Mid-Range and High-End
6 Global Bunker Fuel Market Analysis by Application
6.1 Global Bunker Fuel Consumption Market Share by Application (2015-2020)
6.2 Global Bunker Fuel Consumption Growth Rate by Application (2015-2020)
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