Bunker Oil Market with Industry Analysis, Growth Factors, Figures & Forecasts 2025


Researchmoz added Most up-to-date research on "Bunker Oil Market with Industry Analysis, Growth Factors, Figures & Forecasts 2025" to its huge collection of research reports.

Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42 C (108 F) and oils burned in cotton or wool-wick burners. Fuel oil is made of long hydrocarbon chains, particularly alkanes, cycloalkanes and aromatics.


The continuously increasing naval expenditure is impacting the market positively. The governments across the globe are increasing their spending to raise the defense capacities of their countries to combat external threats pertaining to security issues. The global military expenditure is likely to increase considerably over the next few years. As a result, the spending will directly reflect the growth of the bunker oil market during the forecast period. Various countries including China, Russia, India, Saudi Arabia, the US, and other countries such as Indonesia and South Korea have increased their military spending substantially over the past few years. This will eventually lead to the growth of the bunker oil market during the forecast period.

APAC accounted for the largest share of the bunker oil market in 2017. According to Technavios market research analysts, this regional segment is likely to continue its dominance in the marine fuel market throughout the forecast period.


This report presents the worldwide Bunker Oil market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
BP
Chevron
Exxon Mobil
Gazprom
HPCL
Royal Dutch Shell

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Bunker Oil Breakdown Data by Type
Residual Fuel
Distillate Fuel
Bunker Oil Breakdown Data by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels

Bunker Oil Production by Region
United States
Europe
China
Japan
Other Regions

Bunker Oil Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

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