Rising International Sea Trade Will Help Bunker Fuel Market Revenue to Reach Worth of ~US$177.8 Bn by 2027 End, Observes TMR

Rising International Sea Trade Will Help Bunker Fuel Market Revenue to Reach Worth of ~US$177.8 Bn by 2027 End, Observes TMR

PR Newswire

ALBANY, New York, March 12, 2020

ALBANY, New York, March 12, 2020 /PRNewswire/ -- According to the recent research report published by Transparency Market Research, the global bunker fuel market is expected to exhibit a moderate CAGR of 2.5% over the duration of the given forecast period ranging from 2019 to 2027. The market was previously valued at US$143.97 Bn in 2018. Provided the rate of growth, the revenue of the global bunker fuel market is projected to rise up to US$177.8 Bn by the fall of 2027.

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"Companies operating in the global bunker fuel market are now concentrating on investing their resources to improve the availability of liquefied natural gas and marine diesel bunker fuels. The mandates and regulations issued by the International Marine Organization will help in propelling the development of the global market for bunker fuel over the given period of assessment, as a stark change towards marine diesel oils and LNG from high sulfur fuel oils is observed", notes TMR analyst.

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Global Bunker Fuel Market – Key Takeaways from the Research Report

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Bunker Fuel Market by Fuel: High Sulfur Fuel Oil [HSFO], Very Low Sulfur Fuel Oil [VLSFO], Marine Diesel Oil [MDO], and Liquefied Natural Gas [LNG]; Application: Tanker Fleet, Glass Container Fleet, Bulk & General Cargo Fleet, and Others; and Seller: Major Oil Companies, Leading Independent Sellers, and Small Independent Sellers  - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, at https://www.transparencymarketresearch.com/bunker-fuel-market.html

Global Bunker Fuel Market – Key Driving Factors

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/3894

Global Bunker Fuel Market – Prominent Growth Inhibitors

Global Bunker Fuel Market – Geographical Outlook

Analyze Bunker Fuel market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Bunker Fuel Market – Key Industry Leaders

Some of the prominent brands operating in the global bunker fuel market are Total, Neste, Marathon Petroleum Corporation, Brightoil Petroleum (Holdings) Limited, BP., Saudi Arabian Oil Co., Gazprom, LUKOIL, BP Sinopec Marine Fuels, Chevron U.S.A. Inc., Exxon Mobil Corporation, Royal Dutch Shell plc, World Fuel Services Corporation., GAC, and BUNKER HOLDING.

Global Bunker Fuel Market: Segmentation

Bunker Fuel Market, by Fuel

Bunker Fuel Market, by Application

Bunker Fuel Market, by Seller

Bunker Fuel Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Energy and Natural Resources Industry,

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Bunker Fuel Market - The bunker fuel market is expected to grow at a sluggish CAGR of ~2.5% during the forecast period. Some of the factors that are expected to fuel market growth include a significant rise in demand for marine diesel oil and steady adoption of low-sulfur fuel oils. 

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Biogas Market - The global biogas market is scheduled to expand at a considerable CAGR of 6.62% in terms of volume, within a forecast period from 2019 to 2027. The biogas market recorded 28,989.86 kilo tons of oil equivalent (KTOE) in 2018, which is likely rise up to 51,581.99 KTOE by the end of 2027.

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