Ultra Low Sulphur Fuel Oil (ULSFO) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Ultra Low Sulphur Fuel Oil (ULSFO) Market Size
According to new survey, global Ultra Low Sulphur Fuel Oil (ULSFO) market is projected to reach US$ 1114.9 million in 2029, increasing from US$ 632 million in 2022, with the CAGR of 8.3% during the period of 2023 to 2029.

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Ultra Low Sulphur Fuel Oil (ULSFO) Market
For this reason, today the term ultra-low sulfur fuel oil usually refers not to desulfurized heavy fuel oils, but to marine gasoil, which is already low in sulfur. It is composed exclusively of distillates and has a sulfur content of under 0.1%. This marine fuel is also known as ultra-low marine gasoil.
Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Ultra Low Sulphur Fuel Oil (ULSFO) market research.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Ultra Low Sulphur Fuel Oil (ULSFO) market with multiple angles, which provides sufficient supports to readers' strategy and decision making.

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Segment by Type
• Heavy Fuel Oil
• Light Fuel Oil

Segment by Application
• Small Oceangoing Ships
• Medium Oceangoing Ships
• Large and Very Large Oceangoing Ships

By Company
Shell Global, Orim Energy, Bomin Group, TotalEnergies Marine Fuels, CEPSA, Stena Oil, Qatar Petroleum, Monjasa

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