Singapore Bunker Fuel Market

1
Opportunity Analysis and Industry Forecast,
2016-20231
Singapore Bunker Fuel Market by Type,
Commercial Distributor, and Application
Opportunity Analysis and Industry Forecast,
2021-2030
Pages 180 Tables 55 Charts 76
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• Top Impacting Factors
• The Singapore bunker fuel market size was valued
  at 17.6 billion in 2020, and is projected to
  reach 24.5 billion by 2030, growing at a CAGR of
  3.5 from 2021 to 2030.
• Bunker fuel is a type of fuel oil that is used
  abroad/marine vessels.
• Bunker fuel is poured into ships bunkers to
  power its engines.
• Bunker fuel gets its name from tanks on ports and
  in ships that it is stored in.
• Bunker fuels are used to power their motors,
  engine, drive, and other equipment in the marine
  vessels.

Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
3

• Rise in offshore exploration production (EP)
  activity and increase in seaborne trade across
  the Asia-Pacific region are the factors that
  drive the growth of the Singapore bunker fuel
  market during the forecast period.
• Increase in utilization of LNG as a marine fuel
  is anticipated to fuel the growth of the
  Singapore bunker fuel market from 2021 to 2030.
• The developments adopted by oil majors in the
  bunker fuel industry such as product launch,
  agreement, and others are further anticipated to
  drive the growth of the market during the
  analyzed timeframe.

Global Singapore Bunker Fuel Market Outlook (2021
2030)
Pages 180 Tables 55 Charts 76
4

• Key Findings of The Singapore Bunker Fuel Market
  
• In 2020, the low sulfur fuel oil segment
  accounted for majority of the market share of the
  Singapore bunker fuel market, and is expected to
  maintain its lead during the forecast period.
• In 2020, the oil majors segment accounted for
  around 40.63 of the share in the Singapore
  bunker fuel market, and is expected to maintain
  its dominance till the end of the forecast
  period.
• In 2020, the large independent distributor
  segment is accounted for 34.47 market share in
  2020, and is anticipated to grow at a rate of
  3.9 in terms of revenue, increasing its share in
  the Singapore bunker fuel market.

Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
5

• The key players profiled in the report include
• TOTAL ENERGIES
• BP P.L.C
• ROYAL DUTCH SHELL PLC
• Vitol Marine Fuels Pte. Ltd. (Parent Vitol
  Group)
• Glencore Singapore Pte. Ltd. (Parent Glencore
  International AG)
• EXXON MOBIL CORPORATION
• SENTEK MARINE TRADING PTE LTD
• EQUATORIAL MARINE FUEL MANAGEMENT SERVICES PTE
  LTD
• SK Energy International Pte. Ltd. (Parent SK
  INNOVATION, CO. LTD.)
• PetroChina International (Singapore) Pte. Ltd.
  (Parent PetroChina Company Limited)

Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
6
Global Singapore Bunker Fuel Market Outlook
(2021 2030)
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