Bunker Fuel Market By Fuel Grade (MGO/MDO, IFO 380, IFO 180, Other IFO (IFO 500 & 700), LS 380, LS 180), By Seller (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), By End User (Tanker Vessels, Container Vessels, Bulk And General Cargo Vessels) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2020

This research study analyzes the global market for bunker fuel in terms of their market segmentation based on fuel grades, seller type, end-users and geography. Market data in terms of sales revenue (US$ Bn) and volume (Mn Tons) are presented in this report for the period 2013 to 2020. The analysis included in the report provides deep insights in the bunker supply industry. Some of the most prominent drivers of the global bunker fuel market is growing cargo and fuel shipments through container ships and tanker vessels. Swift evolving demand for different grades of fuel due to need for compliance to sulfur emission rules also influence the demand for bunker fuel.

Major end-users of bunker fuel analyzed in this report include tankers, container ships, bulk and general cargo, and others. Based on fuel grads, this report studies the global bunker fuel market for MDO/MGO, IFO 380, IFO 180, Other IFO (IFO 500 & 700), LS 380 and LS 180. Major oil companies, leading independent distributors, and small independent distributors are the bunker fuel sellers studied in this report. Market size and forecast in terms of sales revenue and volume for the mentioned segments are presented in this study for the period 2013 to 2020 along with respective CAGRs for the period 2015 to 2020.

Based on geographical distribution, the global bunker fuel market is studied for the following regions:

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

Similar to the segmentation by fuel grade, end-users and seller type, cross sectional market size and forecast for the considered regional markets for the term 2013 to 2020 (value and volume).

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global bunker fuel market. Tools such as market positioning of key players, and attractive investment proposition provide the readers with insights on the competitive scenario of the global bunker fuel market. This report concludes with company profiles section that highlights major information about the key players engaged in development, manufacture and sale of bunker fuel.

Bunker Fuel Market

Based on the end-users, the global bunker fuel market is classified as:

  • Tankers
  • Container Ships
  • Bulk & General Cargo
  • Others

Bunker Fuel Market

Generally, fleet operators prefer to purchase bunker fuel at ports where the cost is the cheapest. Since fuel costs over 65% of the total voyage expenditure, fleet operators are highly selective when it comes to refueling ships. While some ships prefer to purchase a large portion of their fuel requirement from a single port, other, particularly smaller vessels may spread their fuelling pattern from starting to destination of voyage. The demand for bunker fuel by each end-user category differs individually and corresponds to the nature of cargo trade worldwide. Bulk and general currently occupies the largest share in terms of both volume and revenue in the bunker fuel market. This segment however, is estimated to lose a minor portion of its market share to container ships segment. The commodities that were earlier transported through bulk and general cargo are not increasingly preferred to be shipped by container vessels. Bulk carriers are majorly restricted to transport heavy commodities such as iron, coal and steel etc. major demand locations such as China and others have recently reported a marginal decline in demand restricted to certain heavy commodities. Hence, this decline will not have a significant impact on the segment.

Based on geographical segmentation, the global bunker fuel market is studied for:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Rest of the World

Bunker Fuel Market

At present Asia Pacific occupies the largest revenue share in the global bunker fuel market (38.5% in 2014). The region is anticipated to remain the largest regional market through the forecast period. With having among the most sophisticated container handling ports in the region, the traded volume of bunker fuel in Asia Pacific is significant and it is likely that the region will progress at the fastest growth rate during the forecast period.

Furthermore, due to the presence of ECAs in trade routes of North America and Europe the demand for residual fuels such as IFO 380 is anticipated to shunt. Due to reduction in imports of crude oil and petroleum products in North America, the volume of tanker trade in the region is anticipated to take a toll. Due to this, North America market will experience a slight decline in its market share during the forecast period. In light of the passing economic crisis in Europe, the region has experienced decline in the region’s consumption. As several refineries in Europe have come to closure, the demand for crude oil and tankers is estimated to undergo a flat growth, sustained by Russia.

Choose License Type
Published Date:  Mar 2017
Category:  Energy Utilities
Report ID:   58364
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Connect With Us
+1-408-641-3282
24/7 Research Support