Edison, NJ -- (SBWIRE) -- 06/11/2021 -- Advance Market Analytics published a new research publication on "Bunker Oil Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Bunker Oil market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Aegean Marine Petroleum Network (Greece), World Fuel Services Corporation (United States), Chemoil Energy Limited (United States), BP plc (United Kingdom), Ocean Bunkering Services Ltd (Singapore), Hindustan Petroleum Corporation Limited (India), Exxon Mobil (United States), Royal Dutch Shell plc (Netherland), Sentek Marine & Trading Pte Ltd (Singapore), Gazpromp Neft PJSC (Russia), Chevron Corporation (United States), Petrochina International Pte Ltd (Singapore), Total S.A. (France).
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Scope of the Report of Bunker Oil
Bunker oil refers to fuel used for the ship's engine. Growing shipping industry driving the demand for bunker oil. For instance, recently the Maritime and Port Authority of Singapore (MPA) announced the Sales of marine fuels in Singapore by volume was 49.8 million tonnes in 2018. Further, increasing government initiatives to reduce marine pollution expected to drive the demand for bunker oil. For example, Cosmo Oil a Japanese petrochemical company announce to start supplying 0.5% sulphur bunker fuel from October 2019. In addition, increasing offshore exploration activities expected to drive the demand for bunker oil over the forecasted period.
The titled segments and sub-section of the market are illuminated below:
by Commercial Distributor (Major Oil Companies, Leading Independent Distributors, Small Independent Distributors), Vessel Type (Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels), Fuel Grades (IFO 380, IFO 180, Others)
The Bunker Oil Market report provides a basic overview of the industry including its definition, geography segment, end use/application segment and competitor segment and manufacturing technology. Then, the report explores the international major industry players in detail.
Market Trends:
Emphasizing On Blockchain-Based Technology for Bunker Fuels to Track Shipping Fuel Supply Chain.
Rising Offshore Exploration Activities.
Opportunities:
Growth in the Global Shipping Industry.
Increasing Demand for Eco-Friendly Fuels from Shipping Companies
Market Drivers:
Rising Naval Fleet in Emerging Economies Such As India, China, and Others.
Increasing Focus of International Maritime Organization (IMO) On Regulating Sulfur Cap Level for Marine Fuels.
Challenges:
Rise in Adoption of LNG Fuel Technology by Shipping Companies.
Reducing Marine Pollution
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Bunker Oil Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Bunker Oil market
Chapter 2: Exclusive Summary – the basic information of the Bunker Oil Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Bunker Oil
Chapter 4: Presenting the Bunker Oil Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Bunker Oil market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Bunker Oil Market is a valuable source of guidance for individuals and companies.
Research Methodology:
- The top-down and bottom-up approaches are used to estimate and validate the size of the global Bunker Oil
- In order to reach an exhaustive list of functional and relevant players who offer Bunker Oil various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies.
- Thereafter, a thorough validation test is conducted to reach most relevant players specifically having product line i.e. Bunker Oil.
- In order to make priority list sorting is done based on revenue generation as per latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
- Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment. This helps us to gather the data for the players' revenue, profit, products, growth etc.
- Almost 80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, Annual reports, press releases etc.
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