Global Bunker Fuel Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch"s in-depth investigation and research, the global Bunker Fuel market size will reach 194,809 Million USD in 2025 and is projected to reach 314,872 Million USD by 2032, with a CAGR of 7.10% (2025-2032). Notably, the China Bunker Fuel market has changed rapidly in the past few years. By 2025, China"s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Bunker fuel, also known as marine fuel or ship fuel, is a type of fuel specifically designed for use in large ocean-going vessels such as ships and tankers. It is a heavy, viscous residual fuel oil derived from crude oil refining processes. Bunker fuel has a high sulfur content, which is gradually being regulated and reduced in accordance with international environmental standards. It is typically used in marine diesel engines due to its energy density and availability. Bunker fuel is classified into different grades based on its viscosity and sulfur content, with higher grades having higher viscosity and sulfur content. It is stored in dedicated fuel tanks on ships and is used to power the main propulsion engines as well as auxiliary equipment on board. Bunker fuel is a vital component of global shipping operations, providing the necessary energy for the transportation of goods across the world"s oceans.
The major global manufacturers of Bunker Fuel include World Fuel Services, Bunker Holding, Chemoil, Aegean Marine Petroleum, China Marine Bunker, Bright Oil, BP, Exxon Mobil, Shell, Sinopec, Lukoil-Bunker, Total Marine Fuel, Gazpromneft, China Changjiang Bunker, Southern Pec, GAC, Shanghai Lonyer Fuels, China Shipping & Sinopec Suppliers, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Bunker Fuel. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Bunker Fuel market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Bunker Fuel market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Bunker Fuel industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Bunker Fuel Include:
World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
China Shipping & Sinopec Suppliers
Bunker Fuel Product Segment Include:
Distillate Fuel Oil
Residual Fuel Oil
LNG
Bunker Fuel Product Application Include:
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Other
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Bunker Fuel Capacity and Production Analysis
Chapter 3: Global Bunker Fuel Industry PESTEL Analysis
Chapter 4: Global Bunker Fuel Industry Porter's Five Forces Analysis
Chapter 5: Global Bunker Fuel Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Bunker Fuel Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Bunker Fuel Sales, Revenue, Price and Forecast by Product Type
Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 9: Industrial Chain Analysis, Bunker Fuel Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
According to DIResearch"s in-depth investigation and research, the global Bunker Fuel market size will reach 194,809 Million USD in 2025 and is projected to reach 314,872 Million USD by 2032, with a CAGR of 7.10% (2025-2032). Notably, the China Bunker Fuel market has changed rapidly in the past few years. By 2025, China"s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Bunker fuel, also known as marine fuel or ship fuel, is a type of fuel specifically designed for use in large ocean-going vessels such as ships and tankers. It is a heavy, viscous residual fuel oil derived from crude oil refining processes. Bunker fuel has a high sulfur content, which is gradually being regulated and reduced in accordance with international environmental standards. It is typically used in marine diesel engines due to its energy density and availability. Bunker fuel is classified into different grades based on its viscosity and sulfur content, with higher grades having higher viscosity and sulfur content. It is stored in dedicated fuel tanks on ships and is used to power the main propulsion engines as well as auxiliary equipment on board. Bunker fuel is a vital component of global shipping operations, providing the necessary energy for the transportation of goods across the world"s oceans.
The major global manufacturers of Bunker Fuel include World Fuel Services, Bunker Holding, Chemoil, Aegean Marine Petroleum, China Marine Bunker, Bright Oil, BP, Exxon Mobil, Shell, Sinopec, Lukoil-Bunker, Total Marine Fuel, Gazpromneft, China Changjiang Bunker, Southern Pec, GAC, Shanghai Lonyer Fuels, China Shipping & Sinopec Suppliers, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Bunker Fuel. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Bunker Fuel market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Bunker Fuel market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Bunker Fuel industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Bunker Fuel Include:
World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
China Shipping & Sinopec Suppliers
Bunker Fuel Product Segment Include:
Distillate Fuel Oil
Residual Fuel Oil
LNG
Bunker Fuel Product Application Include:
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Other
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Bunker Fuel Capacity and Production Analysis
Chapter 3: Global Bunker Fuel Industry PESTEL Analysis
Chapter 4: Global Bunker Fuel Industry Porter's Five Forces Analysis
Chapter 5: Global Bunker Fuel Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Bunker Fuel Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Bunker Fuel Sales, Revenue, Price and Forecast by Product Type
Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 9: Industrial Chain Analysis, Bunker Fuel Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Bunker Fuel Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Bunker Fuel Product by Type
- 1.2.1 Distillate Fuel Oil
- 1.2.2 Residual Fuel Oil
- 1.2.3 LNG
- 1.3 Bunker Fuel Product by Application
- 1.3.1 Tanker Vessels
- 1.3.2 Container Vessels
- 1.3.3 Bulk Vessels
- 1.3.4 General Cargo Vessels
- 1.3.5 Other
- 1.4 Global Bunker Fuel Market Revenue and Sales Analysis
- 1.4.1 Global Bunker Fuel Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Bunker Fuel Sales Market Sales Analysis (2020-2032)
- 1.4.3 Global Bunker Fuel Market Sales Price Trend Analysis (2020-2032)
- 1.5 Bunker Fuel Market Development Status and Trends
- 1.5.1 Bunker Fuel Industry Development Status Analysis
- 1.5.2 Bunker Fuel Industry Development Trends Analysis
- 2 Global Bunker Fuel Capacity and Production Analysis
- 2.1 Global Bunker Fuel Capacity, Production and Utilization (2020-2032)
- 2.2 Global Bunker Fuel Production Growth Trend by Region: 2024 VS 2025 VS 2032
- 2.3 Global Bunker Fuel Production by Region
- 2.3.1 Global Bunker Fuel Production by Region (2020-2025)
- 2.3.2 Global Bunker Fuel Production Forecast by Region (2026-2032)
- 2.3.3 Global Bunker Fuel Production Market Share by Region (2020-2032)
- 3 Bunker Fuel Market PESTEL Analysis
- 3.1 Political Factors Analysis
- 3.2 Economic Factors Analysis
- 3.3 Social Factors Analysis
- 3.4 Technological Factors Analysis
- 3.5 Environmental Factors Analysis
- 3.6 Legal Factors Analysis
- 4 Bunker Fuel Market Porter's Five Forces Analysis
- 4.1 Competitive Rivalry
- 4.2 Threat of New Entrants
- 4.3 Bargaining Power of Suppliers
- 4.4 Bargaining Power of Buyers
- 4.5 Threat of Substitutes
- 5 Global Bunker Fuel Market Analysis by Country
- 5.1 Global Bunker Fuel Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 5.1.1 Global Bunker Fuel Revenue and Market Share by Country (2020-2025)
- 5.1.2 Global Bunker Fuel Revenue and Market Share Forecast by Country (2026-2032)
- 5.2 Global Bunker Fuel Sales Analysis by Country: 2024 VS 2025 VS 2032
- 5.2.1 Global Bunker Fuel Sales and Market Share by Country (2020-2025)
- 5.2.2 Global Bunker Fuel Sales and Market Share Forecast by Country (2026-2032)
- 5.3 United States Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.4 Germany Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.5 Japan Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.6 China Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.7 France Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.8 U.K. Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.9 South Korea Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.10 Canada Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.11 Italy Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.12 Russia Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.13 Mexico Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.14 Brazil Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.15 India Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.16 Vietnam Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.17 Thailand Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.18 South Africa Bunker Fuel Market Sales, Revenue and Growth Rate (2020-2032)
- 6 Competition by Manufacturers
- 6.1 Global Bunker Fuel Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 6.1.1 Global Bunker Fuel Market Sales by Key Manufacturers (2021-2025)
- 6.1.2 Global Bunker Fuel Market Revenue by Key Manufacturers (2021-2025)
- 6.1.3 Global Bunker Fuel Average Sales Price by Manufacturers (2021-2025)
- 6.2 Bunker Fuel Competitive Landscape Analysis and Market Dynamic
- 6.2.1 Bunker Fuel Competitive Landscape Analysis
- 6.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 6.2.3 Market Dynamic
- 7 Bunker Fuel Market Analysis by Type
- 7.1 Global Bunker Fuel Market Revenue Analysis by Type
- 7.1.1 Global Bunker Fuel Market Size Analysis by Type: 2024 & 2025 & 2032
- 7.1.2 Global Bunker Fuel Revenue and Forecast Analysis by Type (2020-2032)
- 7.2 Global Bunker Fuel Market Sales and Forecast Analysis by Type (2020-2032)
- 7.3 Global Bunker Fuel Sales Price Trend Analysis by Type (2020-2032)
- 8 Key Companies Analysis
- 8.1 World Fuel Services
- 8.1.1 World Fuel Services Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.1.2 World Fuel Services Bunker Fuel Product Portfolio
- 8.1.3 World Fuel Services Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.2 Bunker Holding
- 8.2.1 Bunker Holding Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.2.2 Bunker Holding Bunker Fuel Product Portfolio
- 8.2.3 Bunker Holding Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.3 Chemoil
- 8.3.1 Chemoil Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.3.2 Chemoil Bunker Fuel Product Portfolio
- 8.3.3 Chemoil Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.4 Aegean Marine Petroleum
- 8.4.1 Aegean Marine Petroleum Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.4.2 Aegean Marine Petroleum Bunker Fuel Product Portfolio
- 8.4.3 Aegean Marine Petroleum Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.5 China Marine Bunker
- 8.5.1 China Marine Bunker Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.5.2 China Marine Bunker Bunker Fuel Product Portfolio
- 8.5.3 China Marine Bunker Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.6 Bright Oil
- 8.6.1 Bright Oil Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.6.2 Bright Oil Bunker Fuel Product Portfolio
- 8.6.3 Bright Oil Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.7 BP
- 8.7.1 BP Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.7.2 BP Bunker Fuel Product Portfolio
- 8.7.3 BP Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.8 Exxon Mobil
- 8.8.1 Exxon Mobil Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.8.2 Exxon Mobil Bunker Fuel Product Portfolio
- 8.8.3 Exxon Mobil Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.9 Shell
- 8.9.1 Shell Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.9.2 Shell Bunker Fuel Product Portfolio
- 8.9.3 Shell Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.10 Sinopec
- 8.10.1 Sinopec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.10.2 Sinopec Bunker Fuel Product Portfolio
- 8.10.3 Sinopec Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.11 Lukoil-Bunker
- 8.11.1 Lukoil-Bunker Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.11.2 Lukoil-Bunker Bunker Fuel Product Portfolio
- 8.11.3 Lukoil-Bunker Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.12 Total Marine Fuel
- 8.12.1 Total Marine Fuel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.12.2 Total Marine Fuel Bunker Fuel Product Portfolio
- 8.12.3 Total Marine Fuel Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.13 Gazpromneft
- 8.13.1 Gazpromneft Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.13.2 Gazpromneft Bunker Fuel Product Portfolio
- 8.13.3 Gazpromneft Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.14 China Changjiang Bunker
- 8.14.1 China Changjiang Bunker Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.14.2 China Changjiang Bunker Bunker Fuel Product Portfolio
- 8.14.3 China Changjiang Bunker Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.15 Southern Pec
- 8.15.1 Southern Pec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.15.2 Southern Pec Bunker Fuel Product Portfolio
- 8.15.3 Southern Pec Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.16 GAC
- 8.16.1 GAC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.16.2 GAC Bunker Fuel Product Portfolio
- 8.16.3 GAC Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.17 Shanghai Lonyer Fuels
- 8.17.1 Shanghai Lonyer Fuels Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.17.2 Shanghai Lonyer Fuels Bunker Fuel Product Portfolio
- 8.17.3 Shanghai Lonyer Fuels Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.18 China Shipping & Sinopec Suppliers
- 8.18.1 China Shipping & Sinopec Suppliers Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.18.2 China Shipping & Sinopec Suppliers Bunker Fuel Product Portfolio
- 8.18.3 China Shipping & Sinopec Suppliers Bunker Fuel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 9 Industry Chain Analysis
- 9.1 Bunker Fuel Industry Chain Analysis
- 9.2 Bunker Fuel Industry Upstream Supply Analysis
- 9.2.1 Upstream Key Raw Material Supply Analysis
- 9.2.2 Raw Material Suppliers and Contact Information
- 9.3 Bunker Fuel Product Downstream Application Analysis
- 9.3.1 Global Bunker Fuel Revenue Market Size by Application: 2024 VS 2025 VS 2032
- 9.3.2 Global Bunker Fuel Revenue and Forecast Analysis by Application (2020-2032)
- 9.3.3 Global Bunker Fuel Sales and Forecast Analysis by Application (2020-2032)
- 9.4 Bunker Fuel Typical Downstream Customers
- 9.5 Bunker Fuel Sales Channel Analysis
- 10 Research Findings and Conclusion
- 11 Methodology and Data Source
- 11.1 Methodology/Research Approach
- 11.2 Research Scope
- 11.3 Benchmarks and Assumptions
- 11.4 Date Source
- 11.4.1 Primary Sources
- 11.4.2 Secondary Sources
- 11.5 Data Cross Validation
- 11.6 Disclaimer
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