Press release
Marine Bunker Oil Market Increasing Demand and Dynamic Growth with Forecast 2027
Allied Market Research published a new report, titled, “Marine Bunker Oil 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 bunker oil is used in ship bunkers to power the ship engines. Majority of the marine bunker oils are classified into two types, residual fuel and distillate fuel. Residual fuel is the leftover fuel after the extraction of light hydrocarbon such as gasoline and diesel from the crude oil. Marine bunker oil is largely used by commercial shipping, military shipping, and leisure shipping industries.
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Increase in marine trade and surge in ship production drive the growth of the marine bunker oil market. Furthermore, low cost of marine bunker fuels its demand, thereby supplementing the market growth. However, harmful and polluting effects of marine bunker oil hinder the market growth.
The marine bunker oil market is segmented on the basis of type, application, and geography. By type, the market is divided into residual fuel and distillate fuel. The application covered in the study include commercial shipping, military shipping, and leisure shipping. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Some of the major player analyzed in this report are BP P.L.C., Chemoil Energy Limited, Cockett Marine Oil, Sentek Marine & Trading, Transocean Oil Pte Ltd, Total Marine Fuels, ExxonMobil, Panoil Petroleum, Royal Dutch Shell plc, and Consort Bunkers Pte Ltd.
Key Benefits
• The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the investment pockets.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis of different segments facilitates to understand various products of the market.
• Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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