Presents
a detailed evaluation of the present state and future growth
prospects of the global bunker market in terms of volume and revenue.
The market is studied from a broader global perspective as well as a
more detailed regional viewpoint.The report projects that the market,
which had a valuation of 372.30 mn tons in 2013, will expand at a
3.1% CAGR over the forecast period and reach 460 mn tons by 2020.
In-depth
research report on Bunker
Fuel Market with
Full TOC at :
http://www.transparencymarketresearch.com/bunker-fuel-market.html
Bunker
fuel, the fractionally distilled fuel derived from crude oil, is used
chiefly by ships. Bunker fuel is known to be more polluting owing to
its highly unrefined nature as compared to other petroleum products.
Owing to this, the bunker fuel market has remained at the center of
numerous controversies related to marine environment pollution in the
past years. This has led to the enforcement of several emissions
control areas (ECAs) where marine vessels are prohibited from burning
fuel with sulfur content of more than 0.1%. This has led to an
increasing shift towards low-sulfur bunker fuel. The volatile prices
of crude oil on the global front, which are currently at a record
low, are also significantly impacting the market.
The
report segments the market on the basis of four criteria: fuel grade,
end user, seller type, and geography.On the basis of fuel grade, the
market is segmented into IFO 180, IFO 380, IFO others, and MGO/MDO.
On the basis of end user, the market is segmented into tanker
vessels, container vessels, bulk and general cargo vessels, and other
vessels. On the basis of seller type, the market is segmented into
small independent distributors, leading independent distributors, and
major oil companies. On the basis of geography, the market is
segmented into North America, Asia Pacific, Europe, Middle East, and
Rest of the World (RoW).
Owing
to the flourishing marine transport market and the escalating demand
for bunker fuel in developing regions of the globe, Asia Pacific has
emerged as the most lucrative market for bunker fuel producers in the
past few years. Demand for bunker fuel is high in Singapore and
China. Europe follows Asia Pacific in terms of consumption of bunker
fuel.
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The
report presents a comprehensive overview of the global bunker fuel
market with the help of detailed business profile, details regarding
financial and business strategies, and a SWOT analysis of some of the
key vendors in the global bunker fuel market. Recent developments in
the market and activities such as mergers and acquisitions are also
thoroughly analyzed. The report presents business profiles of
companies such as Chemoil Energy Limited, World Fuel Services
Corporation, Aegean Marine Petroleum Network, Inc., Gazpromneft
Marine Bunker LLC, Gulf Agency Company Ltd, Exxon Mobil Corporation,
BP Marine Ltd., Royal Dutch Shell plc, Lukoil-Bunker LLC, and Bunker
Holding A/S.
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