Bunker Oil Market to Witness Massive Growth by 2026

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Latest added Bunker Oil Market research study by AMA Research offers detailed outlook and elaborates market review till 2026. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Aegean Marine Petroleum Network (Greece),World Fuel Services Corporation (United States),Chemoil Energy Limited (United States),BP plc (United Kingdom),Ocean Bunkering Services Ltd (Singapore),Hindustan Petroleum Corporation Limited (India),Exxon Mobil (United States),Royal Dutch Shell plc (Netherland),Sentek Marine & Trading Pte Ltd (Singapore),Gazpromp Neft PJSC (Russia),Chevron Corporation (United States),Petrochina International Pte Ltd (Singapore),Total S.A. (France) etc.  The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

 

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The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.

 

Bunker Oil Market Definition:

Bunker oil refers to fuel used for the ship’s engine. Growing shipping industry driving the demand for bunker oil. For instance, recently the Maritime and Port Authority of Singapore (MPA) announced the Sales of marine fuels in Singapore by volume was 49.8 million tonnes in 2018. Further, increasing government initiatives to reduce marine pollution expected to drive the demand for bunker oil. For example, Cosmo Oil a Japanese petrochemical company announce to start supplying 0.5% sulphur bunker fuel from October 2019. In addition, increasing offshore exploration activities expected to drive the demand for bunker oil over the forecasted period.

 

This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Bunker Oil Market research report include SWOT analysis.

 

Market Trend:

Emphasizing On Blockchain-Based Technology for Bunker Fuels to Track Shipping Fuel Supply Chain.

Rising Offshore Exploration Activities.

 

Market Drivers:

Rising Naval Fleet in Emerging Economies Such As India, China, and Others.

Increasing Focus of International Maritime Organization (IMO) On Regulating Sulfur Cap Level for Marine Fuels.

 

Challenges:

Rise in Adoption of LNG Fuel Technology by Shipping Companies.

Reducing Marine Pollution

 

Opportunities:

Growth in the Global Shipping Industry.

Increasing Demand for Eco-Friendly Fuels from Shipping Companies

 

The Global Bunker Oil Market segments and Market Data Break Down are illuminated below:
by Commercial Distributor (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), Vessel Type (Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels), Fuel Grades (IFO 380, IFO 180, Others)

 

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The regional analysis of Bunker Oil Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2026.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

 

Strategic Points Covered in Table of Content of Global Bunker Oil Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Bunker Oil market

Chapter 2: Exclusive Summary – the basic information of the Bunker Oil Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Bunker Oil

Chapter 4: Presenting the Bunker Oil Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Bunker Oil market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Bunker Oil Market is a valuable source of guidance for individuals and companies in decision framework.

 

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Key questions answered

  • Who are the Leading key players and what are their Key Business plans in the Global Bunker Oil market?
  • What are the key concerns of the five forces analysis of the Global Bunker Oil market?
  • What are different prospects and threats faced by the dealers in the Global Bunker Oil market?
  • What are the strengths and weaknesses of the key vendors?

 

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

 

Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.

 

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