mike williams
by on April 2, 2019
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 the fuel oil/gas delivered to the ships that are engaged in international navigation. The international navigation takes place via sea, coastal waters, and on waterways and inland lakes. In the marine industry, bunker fuel is classified in two major categories residual fuel oils and distillates. Marine distillate is divided into two categories, marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oil is mostly used in small and highly rated diesel engines, which are found in many different ships. Residual fuel oil (HFO) is the high viscosity oil fuel. The most commonly used heavy fuels are IFO 180 and IFO 380. Compute Free Sample Report @ Rise in offshore exploration & production (E&P) activity and increase in seaborne trade are the factors that drive the growth of the global bunker fuel market. In addition, IMO's regulations of sulfur cap for marine fuels are also expected to drive the growth of the bunker fuel market. High investment cost involved in development of bunker fuel infrastructure and regulatory framework is anticipated to hamper the growth of the bunker fuel market. The global bunker fuel market is segmented based on type, commercial distributors, end user, and region. Based on type, the market is segmented into MGO and RFO. Based on the commercial distributors, it is classified into oil majors, large independent, and small independent. Based on end user, it is classified into container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing vessels, gas tanker, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players analyzed and profiled in this report are BP PLC, Exxon Mobil, Royal Dutch Shell PLC, Lukoil, Sinopec Group, Gazprom Neft PJSC, Chevron Corporation, Petroliam Nasional Berhad (PETRONAS), Total S.A., and Neste. Key Benefits for Bunker Fuel Market:     The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global bunker fuel market from 2017 to 2025 to determine the prevailing opportunities.     Comprehensive analysis of factors that drive and restrict the growth of the market is provided.     Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.     Profiles of leading players operating in the global technical textile market are provided to understand the global competitive scenario.     The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth. Access Full Report Details and Order this Premium Report @ Bunker Fuel Key Market Segments: By Type     Marine Gas Oil (MGO)     Residual Fuel Oil (RFO) By Commercial Distributor     Oil Majors     Large Independent     Small Independent By End-User     Container     Bulk Carrier     Oil Tanker     General Cargo     Chemical Tanker     Fishing     Gas Tanker     Others By Region     North America         U.S.         Canada         Mexico     Europe         UK         Germany         France         Italy         Spain         Rest of Europe     Asia-Pacific         China         Japan         India         South Korea         Rest of Asia-Pacific     LAMEA         UAE         Saudi Arabia         Brazil         South Africa         Rest of LAMEA For more info ... Check exemption now @ About KD Market Research KD Market Research is one of the best market research organization that provides B2B research on the growth opportunities of the industry which is the prime factor of the overall revenue of the organization. We identify the pain points which our client is facing around revenue methods and provide them with a comprehensive database which helps them to make intelligent decisions that could ensure growth to the organization. Our Services include market intelligence, competitive intelligence, and customized research. These research reports help the organizations to make quick and powerful decisions that make out highest growth in revenue. Contact Us 150th State Street,  Albany, NY, USA, 12207 Phone number: - +1 (518) 300-1218 Email: - Website: –
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