Bunker Oil Market is expected to see growth rate of 9.5% | Chevron, Total, Exxon Mobil

Global Bunker Oil Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. According to AMA, the Global Bunker Oil market is expected to see growth rate of 9.5%.

Major Players in This Report Include,
Aegean Marine Petroleum Network (Greece), World Fuel Services Corporation (United States), Chemoil Energy Limited (United States), BP plc (United Kingdom), Ocean Bunkering Services Ltd (Singapore), Hindustan Petroleum Corporation Limited (India), Exxon Mobil (United States), Royal Dutch Shell plc (Netherland), Sentek Marine & Trading Pte Ltd (Singapore), Gazpromp Neft PJSC (Russia), Chevron Corporation (United States), Petrochina International Pte Ltd (Singapore) and Total S.A. (France)

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Bunker oil refers to fuel used for the ship's engine. Growing shipping industry driving the demand for bunker oil. For instance, recently the Maritime and Port Authority of Singapore (MPA) announced the Sales of marine fuels in Singapore by volume was 49.8 million tonnes in 2018. Further, increasing government initiatives to reduce marine pollution expected to drive the demand for bunker oil. For example, Cosmo Oil a Japanese petrochemical company announce to start supplying 0.5% sulphur bunker fuel from October 2019. In addition, increasing offshore exploration activities expected to drive the demand for bunker oil over the forecasted period.

Market Trend
• Emphasizing On Blockchain-Based Technology for Bunker Fuels to Track Shipping Fuel Supply Chain.
• Rising Offshore Exploration Activities.

Market Drivers
• Rising Naval Fleet in Emerging Economies Such As India, China, and Others.
• Increasing Focus of International Maritime Organization (IMO) On Regulating Sulfur Cap Level for Marine Fuels.

Opportunities
• Growth in the Global Shipping Industry.
• Increasing Demand for Eco-Friendly Fuels from Shipping Companies

Restraints
• Stringent Government Regulations Regarding Quality of Bunker Oil.

Challenges
• Rise in Adoption of LNG Fuel Technology by Shipping Companies.
• Reducing Marine Pollution

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In this research study, the prime factors that are impelling the growth of the Global Bunker Oil market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Bunker Oil market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global Bunker Oil is segmented by Commercial Distributor (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), Vessel Type (Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels), Fuel Grades (IFO 380, IFO 180, Others)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Bunker Oil market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Bunker Oil Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Bunker Oil Market
The report highlights Bunker Oil market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Bunker Oil, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Global Bunker Oil Market Research Report
Chapter 1 Global Bunker Oil Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

This report also analyzes the regulatory framework of the Global Markets Bunker Oil Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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