United Kingdom Bunker Fuel Market Report and Forecast 2025-2034

The United Kingdom bunker fuel market size reached nearly USD 7.86 Billion in 2024 . The market is projected to grow at a CAGR of 5.80% between 2025 and 2034 to reach a value of around USD 13.81 Billion by 2034 .

Key Trends in the Market

Bunker fuel, also known as residual fuel oil (RFO), refers to a type of fuel which is used to power and propel a ship forward. Bunker fuel is a heavy fuel which is derived from crude oil. It is heated by a special heating system and typically contains high amounts of pollutants, like sulphur.

• The United Kingdom bunker fuel market growth is being driven by the growing efforts to boost trade and investments in the maritime sector of the United Kingdom. Moreover, the increasing popularity of cruising is further anticipated to fuel the demand for bunker fuels in the coming years.
• An increase in the use of liquefied natural gas (LNG) as an alternative to traditional bunker fuels, owing to its environmentally friendly properties, is a crucial United Kingdom bunker fuel market trend.
• Stringent regulations by international bodies such as the International Maritime Organisation (IMO) aimed at reducing sulphur content in marine fuels are likely to drive the demand for low-sulphur bunker fuels such as marine gas oil in the forecast period.

Market Segmentation

The Expert Market Research’s report titled “United Kingdom Bunker Fuel Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Fuel Type

• High Sulphur Fuel Oil (HSFO)
• Very Low Sulphur Fuel Oil (VLSFO)
• Marine Gas Oil (MGO)
• Liquefied Natural Gas (LNG)
• Others

Market Breakup by Vessel Type

• Containers
• Tankers
• General Cargo
• Bulk Container
• Others

Market Share by Fuel Type

Very low sulphur fuel oil (VLSFO) accounts for a significant portion of the United Kingdom bunker fuel market share. This can be attributed to the high operational efficiency and economic stability offered by this type of fuel. In addition, it is an eco-friendly option as it reduces environmental damage caused due to sulphur emissions. Hence, increasing concerns pertaining to the emission of greenhouse gases are further fuelling the segment’s growth.

Market Share by Vessel Types

As per the United Kingdom bunker fuel market analysis, containers are expected to attain rapid growth in the forecast period. This can be attributed to the growing use of containers for bulk cargo transportation. In addition, containers can be used to transport a wide range of products, offer easy storage, and provide optimal safety, thereby boosting the segment’s growth.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the United Kingdom bunker fuel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Exxon Mobil Corporation

Exxon Mobil Corporation is a leading publicly traded international oil and gas company which provides gasoline, diesel fuel and jet fuel to the military, commercial, and industrial sectors, among others. It was established in 1999 and is headquartered in Texas, the United States.

Crown Oil Limited

Crown Oil Limited is a company which supplies red diesel, biodiesel, white diesel, kerosene, carbon offset fuels, heating oil, and lubricants, among others. The company was founded in 1947 and is headquartered in Greater Manchester, England.

Greenergy International Ltd.

Greenergy International Ltd. is one of the leading suppliers of renewables derived from waste as well as transportation fuels. It is also one of the largest distributors of petrol and diesel for motor vehicles.

Other United Kingdom bunker fuel market players include TotalEnergies SE, Rosneft Marine UK Ltd., Gulf Agency Company Limited, and Prax Group (Harvest Energy), among others.
Show more