Bunker Fuel Market Focuses on Segmentation and Key Manufacturers Royal Dutch Shell, Exxon Mobil, Sinopec Group, Chevron, Neste, Pemex

Bunker fuel is the general term given to any fuel poured into a ship's bunkers to power its engines. Rising hydrocarbon resource development activities in offshore areas, global offshore oil and gas production, increasing bunker requirements in crude oil and product tankers are some of the major driving factors for the global bunker fuel market.

Bunker Fuel Market a report offers a detailed analysis of the industry, with market size forecasts covering the next seven years. Bunker Fuel Market analyses factors that affect demand for Bunker Fuel, driving factors, trends, and challenges faced by industry vendors, regional analysis, Segment by Type, Applications of whole Bunker Fuel industry.

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Key players profiled in the report includes: BP plc, Exxon Mobil, Royal Dutch Shell plc, Sinopec Group, Gazpromp Neft PJSC, Chevron Corporation, Petroliam Nasional Berhad (Petronas), Total S.A., Neste, Pemex.

However, A fuel reduction initiative by global shipping community is considered as a limiting factor for bunker fuel market. Regardless of the limitation, expansion of emission controlled areas will further generate opportunities for bunker fuel market in the forecast period.

The Global Bunker Fuel Market provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analzyed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

Target Audience:
• Bunker Fuel Providers
• Research and Consulting Firms
• Government and Research Organizations
• Associations and Industry Bodies.

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Scope of bunker fuel market includes by Type (Marine Gas Oil, Residual Fuel Oil), by Commercial Distributor (Oil Majors, Small & Large Independent), by End User (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing, Gas Tanker, Others) & by Region (North America- U.S., Canada; Europe- Germany, U.K., France; Asia-Pacific- China, India, Japan; Latin America- Brazil, Mexico; Middle East & Africa- UAE, Saudi Arabia, South Africa).

The bunker fuel market is primarily segmented based on different type, commercial distributor, end user and regions.

Based on type, the market is divided into:
• Marine Gas Oil
• Residual Fuel Oil
• Others

Based on commercial distributor, the market is divided into:
• Oil Majors
• Small & Large Independent
• Others.

Based on end user, the market is divided into:
• Container
• Bulk Carrier
• Oil Tanker
• General Cargo
• Chemical Tanker
• Fishing
• Gas Tanker
• Others.

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Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, research and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production trends were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIP), which typically include:
• Government Body and Association
• Research Institutes.

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