Press release
Bunker Fuel Market will reach 155600 million US$ in 2023
Bunker fuel is technically any type of fuel oil used aboard vessels. This kind of material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature. In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting.
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Global Bunker Fuel Market: Forecast by Type / Application / Region
The global consumption of bunker fuel increases from 261.89 Million Tonnes in 2013 to 285.13 Million Tonnes in 2017, and expect to grow at a CAGR of 2.49% from 2017 to 2024.
The major consumption is concentrated in United States, Europe, China, etc. Asia Pacific is another key market for the global bunker fuel industry, China and Singapore being the main contributors to this industry. In 2017, Singapore bunker fuel consumption share was about 17.76% in 2017. GCC Countries consumption share took 11.02% and USA consumption share took 8.69%. In 2017, China took about 8.45% production market share, even though China is on the top list of marine transportation countries. In terms of bunker ports, Singapore, Fujairah, Rotterdam, Busan, Kongkong and Antwerp.
The worldwide market for Bunker Fuel is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 155600 million US$ in 2023, from 98200 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
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Related Information:
United States Bunker Fuel Market 2018 Forecast to 2023
Europe Bunker Fuel Market 2018 Forecast to 2023
North America Bunker Fuel Market 2018 Forecast to 2023
Asia-Pacific Bunker Fuel Market 2018 Forecast to 2023
China Bunker Fuel Market 2018 Forecast to 2023
EMEA Bunker Fuel Market 2018 Forecast to 2023
Global Bunker Fuel Market 2018 Forecast to 2023
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