Marine Diesel Market 2020 | Insights and Forecast Research Report 2027 | Aegean Marine Petroleum Network Inc., Bomin Bunker Oil Corp, BP PLC, Indian Oil Corporation

Allied Market Research published a new report, titled, "Marine Diesel Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Marine diesels are composed of blends of gasoil and heavy fuel oil and heavily utilized on maritime fields. Marine diesel oils are also termed as distillate marine diesels. Moreover, these are extensively deployed in medium speed and high-speed marine diesel engines. It is also used in the larger, slow speed, and medium speed propulsion engine, which normally burn residual fuel. Those fuels are obtained from catalytic cracking process.

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Moreover, according to International Maritime Organisation (IMO) and the International Convention for the Prevention of Pollution from Ships (MARPOL) certain regulations limit the emissions of excess sulfur into the air. These regulations have also led countries and organizations establish regulations and laws on MDO use. In addition, due to its lower price compared to more refined fuel, MDO is favored particularly by the shipping industry.

The global marine diesel market has foreseen some huge sack opportunities over the past few years. Moreover, the International Maritime Organizations regulate the usage of sulfur cap of 0.50% m/m (mass/mass) in 2020 for marine fuels, and increase in ocean-borne trade, especially in ton-km travelled. These factors boost the growth of the market. However, obsolete vessels are replaced by more competent boats, which in turn is expected to drive the market.

In addition, the developing marine logistics business, cost efficient LNG products, coupled with imposition of environmental regulations on chemical emissions are other factors that fuel the market. These effective improvements are anticipated to balance the increments in trade to some extent. However, the current decline in the oil prices and the subsequent slowdown in the oil and gas industry is expected to restrict the market.

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The report segments the market on the basis of end-user, distribution channel, application, and geography. Based on end user, the market is divided as container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing, and gas tanker. Based on distribution channel, the market is classified as oil majors, large independent, small independent. By application, the market is categorized into fuel consumption, efficiency level, fleet management, and viscosity control. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major market players studied and profiled in the global marine diesel market are Aegean Marine Petroleum Network Inc., Bomin Bunker Oil Corp, BP PLC, Indian Oil Corporation, Gazprom Neft PJSC, Chemoil Energy Ltd, Exxon Mobil, KPI Bridge Oil A/S, Royal Dutch Shell PLC, and Harvey Gulf International Marine LLC.

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Key offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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