Bunker Fuel Market Set for Rapid Growth and Trend, by 2025 (1)

1
Bunker Fuel Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

2
About Us

• Transparency Market Research (TMR) is a market
  intelligence company, providing North America
  business information reports and services. Our
  exclusive blend of quantitative forecasting and
  trends analysis provides forward-looking insight
  for thousands of decision-makers. We have an
  experienced team of Analysts, Researchers, and
  Consultants, who use proprietary data sources and
  various tools and techniques to gather and
  analyze information. Our business offerings
  represent the latest and the most reliable informa
  tion indispensable for businesses to sustain a
  competitive edge.
• Each TMR Syndicated Research report covers a
  different sectorsuch as pharmaceuticals,
  chemical, energy, food beverages,
  semiconductors, med-devices, consumer goods, and
  technology. These reports provide in-depth
  analysis and deep segmentation to possible micro
  levels. With a wider scope and stratified
  research methodology, our syndicated reports
  strive to serve clients and satisfy their overall
  research requirement.

3
Environmental Concerns Lead to Development of
Efficient Low-sulfur Bunker Fuels

• For several decades, the shipping industry was
  under significant pressure to curb harmful
  emissions and use marine or bunker fuels with low
  sulfur content.
• Recent developments in the bunker fuel market
  suggest that achieving greener marine ecosystem
  will be a reality soon.
• The pressure on the marine industry is largely
  driven by the growing need to curb air pollution
  and significant rise in the number of childhood
  asthma cases worldwide.
• Cargo, container, and tanker fleet play a major
  role in adding to the air pollution across the
  world. These major sources of air pollution,
  which run on bunker fuels laden with sulfur have
  also caused significant damage to communities
  that live close to shipping channels.

View Report
Download Brochure
4
International Marine Organization Regulations to
Impact Growth of Bunker Fuel Market

• With mounting pressure to clean their act, the
  marine industry is set to witness a major
  overhaul in the forthcoming years.
• Efforts to curb sulfur-emission have gained
  significant traction in the bunker fuel market in
  the past three to four years. Drastic changes in
  sulfur-emission policies are expected to
  influence the growth of the market for bunker
  fuels in the coming decade.
• In 2016, when the International Marine
  Organization agreed to restrict the sulfur
  content in bunker fuels to around 0.5 by 2020,
  the stage was set for a paradigm shift in the
  bunker fuel market toward the use of low-sulfur
  bunker fuels.
• While the demand for high sulfur fuel oils will
  witness a gradual decline, it will provide a
  boost to the demand for low-sulfur fuel oils
  and liquefied natural gas (LNG).
• The fluctuating prices of liquefied natural gas
  or alternative bunker fuels could pose a major
  hurdle for stakeholders involved in the bunker
  fuel market value chain.

5
Demand for Marine Diesel Oil Likely to Rise

• Barriers put forward by liquefied natural gas and
  environmental concerns over the deployment of
  high sulfur fuel oils have opened up the
  floodgates for marine diesel oil to penetrate the
  bunker fuel market.
• The new regulations laid down by the
  International Marine Organization offers
  significant promise for stakeholders eyeing
  investment opportunities and potential
  applications of marine diesel oils.
• The shift in the tide toward marine diesel oil is
  likely to result in higher crude runs.

6
Key players operating in the global bunker fuel
market include

• Total
• Neste
• Marathon Petroleum Corporation
• Brightoil Petroleum (Holdings) Limited
• BP
• Saudi Arabian Oil Co.
• Gazprom

7
(No Transcript)