openPR Logo
Press release

Bunker Fuel Market Expected to Garner $273.05 Bn by 2025 at 9.4% CAGR, Says AMR

04-11-2019 10:53 AM CET | Energy & Environment

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Bunker Fuel Market

Bunker Fuel Market

A comprehensive report, titled, “Bunker Fuel Market by Type (Marine Gas Oil (MGO) and Residual Fuel Oil (RFO)), Commercial Distributor (Oil Majors, Large Independent, and Small Independent), and End User (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing, Gas Tanker, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025”, was recently released by Allied Market Research. The report states that the global bunker fuel market was valued at $137.21 billion in 2017 and is projected to attain $273.05 billion by 2025, registering a CAGR of 9.4% during the forecast period, 2018-2025.

Buy Now @Flat 20% Discount: https://www.alliedmarketresearch.com/checkout/833586?utm_source=OPEN&utm_medium=neesha * Offer Valid Till 20 April 2019*

The growth of the bunker fuel market is driven by rise in oil and gas explorations and surge in import and export activities that culminate in increased marine trade. Additionally, expansion of bunker fuel business in emerging economies such as India and China would provide lucrative opportunities to emerging market players in the near future. However, market growth is impeded by strict government regulations concerning the use of bunker fuel that contains sulfur and nitrogen, as they tend to disturb the marine life cycle.

Marine gas oil (MGO) segment to exhibit the fastest growth rate in the near future
By type, the marine gas oil (MGO) segment is expected to register the highest CAGR of 14.5% during the forecast period, due to rapid increase in its usage on account of lower sulfur content that complies with recent regulations imposed by the international maritime organization (IMO) on the use of sulfur in marine fuels. However, the residual fuel oil (RFO) segment occupied three-fifths of global market share in 2017 and is projected to continue its dominance through 2025, on account of it being widely used by shipping companies in their transport vessels due to lower cost.

Download Sample Report@ https://www.alliedmarketresearch.com/request-sample/2143?utm_source=OPEN&utm_medium=neesha

Oil majors segment projected to remain the largest contributor to the global market
By commercial distributor, the oil majors segment contributed more than two-fifths for the market share in 2017 and is expected to retain its dominance through 2025. However, the large independent segment is projected to grow at the fastest CAGR of 9.9% during the forecast period, as they trade marine fuels across the main regions of the world and are responsible for around 60% of all bunker sales globally.

Asia-Pacific to retain its global dominance through 2025
Asia-Pacific generated almost half of the overall market revenue in 2017 and is anticipated to continue its dominance through 2025. This is attributed to the presence of the world’s major commodity consumption centers in the region and the rise of hydrocarbon exploration in the South China Sea.

Download Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2143?utm_source=OPEN&utm_medium=neesha

Key market players
The key players analyzed in the report include BP plc, Exxon Mobil, Royal Dutch Shell plc, Sinopec Group, Gazpromp Neft PJSC, Chevron Corporation, Petroliam Nasional Berhad (Petronas), Total S.A., and Neste. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bunker Fuel Market Expected to Garner $273.05 Bn by 2025 at 9.4% CAGR, Says AMR here

News-ID: 1699078 • Views: 220

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Fuel

Clean Fuel Technology Market – Development Assessment 2025 | Clean Fuel Develo …
Global Clean Fuel Technology Market: Overview Clean technology in general implies the use of any service, product, or system that has as little of a negative impact on the environment as possible. Aspects of clean technology include the conservation of energy, sustainable resources, and clean sources of fuels. Clean fuels can refer to the use of renewable fuels such as biogas, or also blended fuels such as fossil fuels with renewable
Fuel Card Market 2022
Fuel cards also known as fleet cards are being used to make payments for fuels, maintenance and repair of vehicles. These cards are mostly used by businesses managing fleet of vehicles. Fuel card market is witnessing lot of partnerships as many fuel companies are offering their own branded fuel cards. Fuel card issuers are also focusing on telematics, enabling the fleets to save on fuel. Wireless fueling is an emerging
Fuel Cell Interconnectors Market By Product Type Ceramic based, Metal based; By …
Global Fuel Cell Interconnectors Market Introduction A fuel cell is a battery that generates electricity through an electrochemical reaction where the fuel cell interconnector is a layer made up of either ceramic or metallic material, which combines the electricity generated by each individual cell. Fuel cell interconnectors are placed between each individual cell to connect the cells in the series. Ceramic fuel cell interconnectors are more suitable for high-temperature working conditions
Global Fuel Catalysts Market 2017- Rentar, FUEL CAT, Organica Biotech
Apex Market Reports, recently published a detailed market research study focused on the "Fuel Catalysts Market" across the global, regional and country level. The report provides 360° analysis of "Fuel Catalysts Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Fuel Catalysts industry, and estimates the future trend of Fuel Catalysts market
Fuel Cards in Portugal 2016
"Fuel Cards in Portugal 2016" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- ** Summary Fuel Cards in Portugal 2016 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to
Global Automotive Fuel System Market
The Automotive Fuel System Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Automotive Fuel System Market Dynamics: As mentioned earlier, the global automotive fuel system market is anticipated to be driven by its competitive advantages such as high power output, fuel efficiency,