openPR Logo
Press release

Bunker Fuel Market Growth is driven by Presence of Huge Consumer Base: Ken Research

09-20-2022 02:36 PM CET | Energy & Environment

Press release from: Ken Research Pvt .Ltd

Bunker Fuel Market Growth is driven by Presence of Huge Consumer

Bunker fuel is utilized to power the engines of aircraft and ships, among other things. Bunker fuel is fewer expensive than other types of fuel accessible on the market. Because gasoline accounts for the massive majority of the costs linked with shipping goods, businesses strive to utilize the least expensive fuel probable in order to maximize profit margins. In addition, bunker fuel is a type of fuel oil that is utilized in maritime boats to power their engines. A great amount is put into ship bunkers in order to keep the engines functioning.

According to the report analysis, 'Bunker Fuel Market: Current Analysis and Forecast (2021-2027)' states that the Bunker Fuel market requirement is growing at influencing rate over the years and is predicted to observe the influential growth throughout the forecasted period as well. Aspects that are fascinating the market size of the bunker fuel are a significant growth in requirement for marine diesel oil and the steady implementation of low-sulfur fuel oils. In addition, the growth in offshore oil & gas exploration activities and the international maritime organization (IMO) regulations on the sulfur content in marine fuel have fostered the growth of the global bunker fuel market. However, with the emerging trade tensions between dissimilar countries such as the United States and China, high tariffs and several other trade barriers being imposed on several goods are probable to limit the market growth during the forecast period.

Moreover, ongoing advancement in the field of international trading of goods, offshore renewable energy production, and offshore E&P are predicted to augment the requirement for bunker fuel in the market. Also, the growing need for dissimilar oil grades in the market is projected to generate the ample opportunities for the participants to enlarge their product portfolio which intensifies the market size of bunker fuel.

Based on application, the bunker fuel market is classified into the container, bulk carrier, oil tanker, general cargo, the chemical tanker, fishing vessels, gas tanker, and several others. The container sector is projected to account for a proficient market share in the forecast period. The surge in requirement for transportation of oil and oil-based products and increasing trade-related agreements in the emerging economies is boosting the requirement of the bunker fuel market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4NjQ1

Based on the commercial distributor, the bunker fuel market is classified into oil majors, large independent distributors, and small independent distributors. The large independent sector acquired a substantial market share in the bunker fuel market. It is mainly owing to the existence of blending facilities, storage terminals, financial stability, and several others in these companies.
The Asia Pacific is projected to control a significant market share in the review period owing to the augment in existence of a huge customer base and the growth in maritime trade activities in the region. Moreover, existence of the developing countries such as China, Japan, Singapore, South Korea, and India underwrite to the growth of the bunker fuel market in Asia-Pacific.

For More Information, Click on the Link Below:-
https://www.kenresearch.com/energy-and-utilities/power/bunker-fuel-market/588645-103.html

Related Reports:-
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/bunker-fuel-market/493585-101.html

Follow Us
LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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 Growth is driven by Presence of Huge Consumer Base: Ken Research here

News-ID: 2742121 • Views:

More Releases from Ken Research Pvt .Ltd

India Fitness Market Surpass USD 20 million Milestone - Latest Insights by Ken Research
India Fitness Market Surpass USD 20 million Milestone - Latest Insights by Ken R …
Comprehensive market analysis maps demand acceleration, monetization models, and strategic imperatives across India's rapidly formalizing fitness ecosystem. Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "India Fitness Market Outlook to 2030," revealing that the current market size is valued at USD 20 million, based on a five-year historical analysis. The detailed study outlines how the market is expanding rapidly, driven by growing health consciousness
Thailand Online Insurance Market - Ken Research Stated the Sector Valued at ~USD 145 million with Strong Growth Potential
Thailand Online Insurance Market - Ken Research Stated the Sector Valued at ~USD …
Comprehensive market analysis maps rapid digital adoption, regulatory evolution, and embedded distribution strategies driving Thailand's fast-growing online insurance ecosystem. Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "Thailand Online Insurance Market Outlook to 2027F," revealing that the current market size is valued at USD 145 million, based on a multi-year analysis of Thailand's evolving insurance landscape. The detailed study outlines how the market is
Ken Research Stated Indonesia's Sportswear Market to Reach USD 2.20 Billion
Ken Research Stated Indonesia's Sportswear Market to Reach USD 2.20 Billion
Comprehensive market analysis maps robust growth trajectory, rising athleisure adoption, and strategic opportunities for global and local brands in Indonesia's rapidly evolving sportswear ecosystem. Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "Indonesia Sportswear Market Outlook to 2030," revealing that the current market size is valued at USD 2.20 billion, based on a five-year historical analysis. The detailed study outlines how the market is
India Watch Market Surpasses USD 3.87 Billion Milestone - Latest Insights by Ken Research
India Watch Market Surpasses USD 3.87 Billion Milestone - Latest Insights by Ken …
Comprehensive market analysis maps premiumization, smartwatch integration, and strategic imperatives for industry leaders in India's rapidly evolving timepiece ecosystem. Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "India Watch Market Outlook to 2030," revealing that the current market size is valued at USD 3.87 billion, based on a five-year historical analysis. The detailed study outlines how the market is poised to expand, driven by

All 5 Releases


More Releases for Bunker

Bunker Fuel Market Size Set For Explosive Growth | Gac Bunker Fuels Limited, and …
The global bunker fuel market was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027. Bunker fuel is the fuel oil/gas delivered to the ships that are engaged in international navigation. The international navigation takes place via sea, coastal waters, and on waterways and inland lakes. Bunker fuel is mainly classified into low sulfur
Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …
Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oils are used
Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …
Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oils are used
Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …
Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oils are used
Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …
Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oils are used
Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …
Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Marine gas oils are used