Bunker Oil Market: Study Applications, Types and Market Analysis including Growth, Trends and Forecasts to 2023

Planet Market Reports has added a report, titled, “Global Bunker Oil Market 2017 Forecast to 2025.”

Bunker Oil Market

Fuel oil also known as heavy oil, marine fuel or furnace oil is a fraction obtained from petroleum distillation, either as a distillate or a residue. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42 °C 108 °F and oils burned in cotton or wool-wick burners. Fuel oil is made of long hydrocarbon chains, particularly alkanes, cycloalkanes and aromatics.

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Scope of the Report:

This report focuses on the Bunker Oil in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The continuously increasing naval expenditure is impacting the market positively. The governments across the globe are increasing their spending to raise the defense capacities of their countries to combat external threats pertaining to security issues. The global military expenditure is likely to increase considerably over the next few years. As a result, the spending will directly reflect the growth of the bunker oil market during the forecast period. Various countries including China, Russia, India, Saudi Arabia, the US, and other countries such as Indonesia and South Korea have increased their military spending substantially over the past few years. This will eventually lead to the growth of the bunker oil market during the forecast period.

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APAC accounted for the largest share of the bunker oil market in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the marine fuel market throughout the forecast period.

The worldwide market for Bunker Oil is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new Planet Market Reports study.

Market Segment by Manufacturers, this report covers

BP

Chevron

Exxon Mobil

Gazprom

HPCL

Royal Dutch Shell

Market Segment by Regions, regional analysis covers

North America United States, Canada and Mexico

Europe Germany, France, UK, Russia and Italy

Asia-Pacific China, Japan, Korea, India and Southeast Asia

South America Brazil, Argentina, Colombia etc.

Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

Market Segment by Type, covers

Residual Fuel

Distillate Fuel

Market Segment by Applications, can be divided into

Container Vessels

Tanker Vessels

Bulk & General Cargo Vessels

There are 15 Chapters to deeply display the global Bunker Oil market.

Chapter 1, to describe Bunker Oil Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Bunker Oil, with sales, revenue, and price of Bunker Oil, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Bunker Oil, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

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