Bunker Fuel Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

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Global Bunker Fuel Market Research and Forecast
Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Bunker Fuel Market Research Report The
latest report by IMARC, titled Bunker Fuel
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028 the
global bunker fuel market reached a value of US
150.7 Billion in 2022. Bunker fuel is used to
power the engines of a ship or marine fleet. It
is a heavy, residual oil left over after the
extraction of diesel, gasoline, and other light
hydrocarbons during the refining process. Bunker
fuel is brown to black in color with a
characteristic odor and high sulfur content. It
is graded A, B or C, with C being the most
viscous and thickest fuel, which requires
blending or heating to make the liquid flow
easily. If mixed with 10 percent of a light fuel,
the product becomes a cheap fuel alternative for
shipping. Bunker fuel is transported to ships
that are engaged in international
navigation. Request Free Sample Report
https//www.imarcgroup.com/bunker-fuel-market/requ
estsample
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Report Description and Highlights
Report Description

Global Bunker Fuel Market Trends One of the
major growth-inducing factors of the market is
the rising demand for the ship transportation
industry. Several ship operators prefer fuel oil
with the lowest price as it incurs more than 65
of the total travel expenses. As bunker fuel is
emerging as a cost-effective option for the
marine and shipping industry, there has been
significant growth in the market. Apart from
this, rapid technological development and gradual
growth in international seaborne trade have also
increased the sales of bunker fuel. Additionally,
there is a high demand for LNG in the
transportation sector as it is a much cleaner and
affordable source of energy in comparison to
conventional sources. This, in turn, is
creating a positive outlook for the market
growth. Some of the other factors fueling the
market growth are rapid globalization, increasing
investments in research and development (RD)
projects to develop clean fuels and government
initiatives toward strengthening geographical
border security. On account of these factors, the
market is expected to experience grow at a CAGR
of 6.1 during the forecast period
(2023-2028). Looking forward, the market value
is projected to reach a strong growth during the
forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Fuel Type H
igh Sulfur Fuel Oil (HSFO) Very Low Sulf
ur Fuel Oil (VLSFO) Marine Diesel Oil (M
DO) Liquefied Natural Gas (LNG) Breakup
by Vessel Type Containers Ta
nkers General Cargo Bulk Carri
er Others Breakup by Seller
Major Oil Companies Leading Independent
Sellers Small Independent Sellers

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Report Description and Highlights
Report Description
Breakup by Region North America
United States Canada
Asia Pacific China
Japan India
South Korea Austra
lia Indonesia
Others Europe Germany
France United
Kingdom Italy
Spain Russia

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Report Description and Highlights
Report Description
Others Latin America
Brazil Mexico
Others Middle East and
Africa

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Bomin Bunker Holding GmbH Co. KG (Marquard
  Bahls AG) BP Plc Chevron Corporation Exxon Mobil C
  orporation Gazprom Neft PJSC (Gazprom) LUKOIL Nest
  e Oyj Petroliam Nasional Berhad (PETRONAS) Royal D
  utch Shell Plc TOTAL S.A.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/bunker-fuel-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
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