LNG as a Bunker Fuel Market Overview: Latest Research and Top Competitor Insights (2025-2035)

The market was valued at USD 620.3 Million in 2025 and is projected to reach USD 9333.1 Million by 2035; it is expected to grow at a CAGR of 34.7% during 2025-2035.
According to the latest market study on "LNG as a Bunker Fuel Market Size, Share, By Product (Portable Tanks, Port to Ship, Ship to Ship and Truck to Ship), Component (LNG Storage Tanks, Bunker Station, Control & Safety structures, Fuel Pumps, and Others), Vessel Type (Offshore Tugs & Services, Ferries, Oil & Chemical Tankers, Container Ships, Gas Carriers, Bilk & General Cargo, and Others), and Region - Trends, Analysis, and Forecast till 2035" The report highlights key driving factors and also the prominent players and their developments in the market.

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Key Company Profiles
• Broadview Energy Solutions B.V.
• Arkas Holding
• Crowley
• Eagle LNG Partners
• Equinor ASA
• EVOL LNG
• Fluxys
• Gasum Ltd
• Harvey Gulf International Marine
• Naturgy
• Petroliam Nasional Berhad
• Petronet LNG Ltd.
• QLNG Transport LLC
• Shell plc
• TotalEnergies

Report Highlights:

LNG as a bunker fuel market size accounted for USD 620.3 Million in 2025.
Target market is estimated to be USD 9333.1 Million by 2035 and will register a CAGR of 34.7%.
Based on product, the truck to ship segment is expected to hold the largest LNG as a bunker fuel market share.
On the basis of component, the bunker station segment is leading in the LNG as a bunker fuel market.
By vessel type, the oil & chemical tankers is the dominating segment in the market.
Asia Pacific is anticipated to dominate the LNG as a bunker fuel market.
North America is expected to experience fastest growth in the market during the forecast period.

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Key Highlights:

In October 2024, TotalEnergies has introduced an innovative development in the marine industry, enhancing sustainability with a new LNG bunker vessel that has an 18,600 m3 capacity. This vessel is designed to support the energy transition within the shipping sector by utilizing LNG as fuel, which lowers greenhouse gas emissions that affect marine climate and enhances air quality. The LNG bunker plays a crucial role in shipping commerce by adhering to environmental regulations and minimizing carbon emissions during transportation.

In May 2024, the Fairchem Pathfinder underwent its inaugural LNG bunkering operation, marking a significant achievement for Fairfield Chemical Carriers in the shipping sector's movement toward cleaner and more environmentally friendly fuel. As a dual-fuel LNG vessel, designed to run on both LNG and conventional marine fuel, this ship plays a crucial role in the decarbonisation efforts within the shipping industry, helping to lower other chemical emissions.

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Analyst View:
LNG is regarded as a more environmentally friendly alternative to traditional marine fuels. Compared to conventional marine fuels, LNG emits less carbon dioxide, contributing to a decrease in the greenhouse effect. The growth of the LNG bunker fuel market is being propelled by rising investments in LNG bunkering facilities, infrastructure, cost efficiency, and environmental advantages.

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