Bunker Fuel Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.
Los Angeles, CA -- (SBWIRE) -- 02/14/2019 -- Bunker fuel is the generic term given to any fuel poured into a ship's bunkers to power its engines. Deepsea cargo ships typically burn the heavy, residual oil left over after gasoline, diesel and other light hydrocarbons are extracted from crude oil during the refining process. The growth of the bunker fuel market is driven by increase in marine-borne trade and IMO's regulations of sulfur cap for marine fuels. In addition, availability of alternative sources for marine fuel is expected to supplement the market in the future.
However, high investment cost involved in the development of bunker fuel infrastructure and old vessel replacement from wasteful to new fuel-efficient ships may impede the Caribbean islands bunker fuel market. The global Bunker Fuel market is valued at 98500 million US$ in 2018 is expected to reach 206200 million US$ by the end of 2025, growing at a CAGR of 9.7% during 2019-2025.
This report focuses on Bunker Fuel volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bunker Fuel market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Bomin Bunker Oil Corp.
Bunker Holding A/S
Chemoil Energy Ltd.
Gazprom Neft PJSC
GAC Bunker Fuels Ltd.
KPI Bridge Oil A/S
Royal Dutch Shell PLC
Segment by Regions
Segment by Type
Residual Fuel Oil
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Segment by Application
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