Europe Fuel Oil Market Report and Forecast 2025-2034
Description
The Europe fuel oil market size reached USD 989.09 Million in 2024.
Marine bunkers boost the Europe fuel oil market growth based on their capacity to offer a high energy density, which makes them an effective energy source for large ships boarding on long expeditions
This efficacy enables vessels to transport significant cargo without the need for frequent refuelling stops. Marine bunkers use heavy fuel oils for ships and are crucial for trade due to their high energy density and efficiency. Ports and shipping routes are improved to accommodate marine bunkers, ensuring their consistent availability in Europe, and enabling seamless maritime transportation for large vessels across vast distances.
In April 2024, the UK energy company EnQuest aimed to commence oil drilling in the North Sea, expecting the most significant oil production in two decades. Equinor's Rosebank North Sea oil field, which was approved last September, is projected to extract an assessed 350 million barrels of oil. EnQuest's subsidiary, EnQuest Heather, obtained a license in February, one of the 24 newly granted licenses.
Petrochemicals enhance execution by improving ignition and reducing emissions such as sulfur, which is important for cleaning the air of marine vessels. These extracts also provide maintenance benefits by preventing deposits, leading to easier operation and longer engine life. In colder climates, they prevent fuel-related issues and offer corrosion protection in harsh marine environments.
Market Segmentation
Europe Fuel Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Heavy Fuel Oil
Light Fuel Oil
Market Breakup by Application
Road and Domestic Waterway
Marine Bunkers
Petrochemicals
Residential/Commercial/Agricultural
Electricity Generation
Others
Market Breakup by Region
Germany
United Kingdom
France
Italy
Others
The Europe fuel oil market key players are Exxon Mobil Corporation, Shell Plc, Chevron Corp., BP Plc, TotalEnergies SE, Eni S.p.A and Valero Energy Corporation among others.
Marine bunkers boost the Europe fuel oil market growth based on their capacity to offer a high energy density, which makes them an effective energy source for large ships boarding on long expeditions
This efficacy enables vessels to transport significant cargo without the need for frequent refuelling stops. Marine bunkers use heavy fuel oils for ships and are crucial for trade due to their high energy density and efficiency. Ports and shipping routes are improved to accommodate marine bunkers, ensuring their consistent availability in Europe, and enabling seamless maritime transportation for large vessels across vast distances.
In April 2024, the UK energy company EnQuest aimed to commence oil drilling in the North Sea, expecting the most significant oil production in two decades. Equinor's Rosebank North Sea oil field, which was approved last September, is projected to extract an assessed 350 million barrels of oil. EnQuest's subsidiary, EnQuest Heather, obtained a license in February, one of the 24 newly granted licenses.
Petrochemicals enhance execution by improving ignition and reducing emissions such as sulfur, which is important for cleaning the air of marine vessels. These extracts also provide maintenance benefits by preventing deposits, leading to easier operation and longer engine life. In colder climates, they prevent fuel-related issues and offer corrosion protection in harsh marine environments.
Market Segmentation
Europe Fuel Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Heavy Fuel Oil
Light Fuel Oil
Market Breakup by Application
Road and Domestic Waterway
Marine Bunkers
Petrochemicals
Residential/Commercial/Agricultural
Electricity Generation
Others
Market Breakup by Region
Germany
United Kingdom
France
Italy
Others
The Europe fuel oil market key players are Exxon Mobil Corporation, Shell Plc, Chevron Corp., BP Plc, TotalEnergies SE, Eni S.p.A and Valero Energy Corporation among others.
Table of Contents
100 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Fuel Oil Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Fuel Oil Historical Market (2018-2024)
- 5.3 Global Fuel Oil Market Forecast (2025-2034)
- 5.4 Global Fuel Oil Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Europe Fuel Oil Market Overview
- 6.1 Key Industry Highlights
- 6.2 Europe Fuel Oil Historical Market (2018-2024)
- 6.3 Europe Fuel Oil Market Forecast (2025-2034)
- 7 Europe Fuel Oil Market by Type
- 7.1 Heavy Fuel Oil
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Light Fuel Oil
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Europe Fuel Oil Market by Application
- 8.1 Road and Domestic Waterway
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Marine Bunkers
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Petrochemicals
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Residential/Commercial/Agricultural
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Electricity Generation
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Europe Fuel Oil Market by Country
- 9.1 Germany
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 United Kingdom
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 France
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Italy
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Value Chain Analysis
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Exxon Mobil Corporation
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Shell Plc
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Chevron Corp.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 BP Plc
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 TotalEnergies SE
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Eni S.p.A
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Valero Energy Corporation
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Others
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