This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional market.
New York, United States – July 10, 2020 /MarketersMedia/ —
Marine fuel oil is a fuel oil used in marine diesel engines. It is necessary to strictly control moisture and mechanical impurities, otherwise it will block the oil circuit, oil filter or nozzle and cause a ship to stop midway or a dangerous accident.
The growth of the market is attributed to the advancement of offshore projects such as offshore oil and gas exploration activities and offshore wind power projects. In addition, due to the increase in import and export activities, the growth of marine trade has also contributed to the growth of the global marine fuel oil market. The marine fuel market is expected to grow exponentially due to the increase in oil and gas exploration activities in emerging oil-producing regions, especially in the Indo-Pacific region. Moreover, the reduction of energy reserves in land-based oil-producing areas has led to a sharp increase in the demand for exploration of these untapped reserves, which is expected to have a positive impact on the market demand for marine oil. However, the development of new energy and the reduction of petroleum resources have restricted the development of the marine fuel oil market. Besides, the marine life cycle pollutants produced in marine fuel oil and the bans issued by governments on this have also hindered the growth of the marine fuel oil market.
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The Major Players Profiled in This Report Include:
China Marine Bunker
World Fuel Services
Total Marine Fuel
China Changjiang Bunker (Sinopec)
Type Outlook (Revenue, USD Million; 2014-2026):
Distillate Fuel Oil
Residual Fuel Oil
Application Outlook (Revenue, USD Million; 2014-2026):
General Cargo Vessels
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The Asia-Pacific region has become a global leader in the global marine fuel market. This is due to the presence of leading commodity consumption centers. In addition, the increase in import and export activities of emerging economies such as China and India has also boosted the development of marine fuel oil.
Marine Fuel Oil Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Marine Fuel Oil Market by Types
Chapter 4 Segmentation of Marine Fuel Oil Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Marine Fuel Oil Market in Major Countries
Chapter 7 North America Marine Fuel Oil Landscape Analysis
Chapter 8 Europe Marine Fuel Oil Landscape Analysis
Chapter 9 Asia Pacific Marine Fuel Oil Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Marine Fuel Oil Landscape Analysis
Chapter 11 Major Players Profile
11.1 Exxon Mobil
11.1.1 Exxon Mobil Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 BP Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3.1 Shell Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Marine Fuel Oil Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Marine Fuel Oil Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Marine Fuel Oil Market?
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