Bunker Fuel Market Size, Share, and Trends 2025 to 2034

The bunker fuel market is undergoing a strategic shift, driven by rising global maritime trade and the demand for cleaner fuel alternatives. With a projected CAGR of 4.32% from 2025 to 2034, the market is fueled by advancements in fuel efficiency, emission regulations, and growing adoption of low-sulfur and biofuel blends across major ports worldwide.

Last Updated : July 2025  |  Report Code : 4883  |  Category : Energy and Power  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Bunker Fuel Market 

5.1. COVID-19 Landscape: Bunker Fuel Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Bunker Fuel Market, By Grade

8.1. Bunker Fuel Market Revenue and Volume, by Grade

8.1.1 High Sulfur Fuel Oil (HSFO)

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Low Sulfur Heavy Fuel Oil (LSHFO)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Marine Gas Oil (MGO)

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Liquefied Natural Gas (LNG)

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Bunker Fuel Market, By February

9.1. Bunker Fuel Market Revenue and Volume, by February

9.1.1. IOC/NOC

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Large Independent Distributor

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Small Independent Distributor

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Bunker Fuel Market, By End user 

10.1. Bunker Fuel Market Revenue and Volume, by End user

10.1.1. Container Ship

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Bulk Carrier

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. General Cargo

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Oil Tanker

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Product Tanker

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Offshore Support Vessel

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Others

10.1.7.1. Market Revenue and Volume Forecast

Chapter 11. Global Bunker Fuel Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Grade

11.1.2. Market Revenue and Volume Forecast, by February

11.1.3. Market Revenue and Volume Forecast, by End user

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Grade

11.1.4.2. Market Revenue and Volume Forecast, by February

11.1.4.3. Market Revenue and Volume Forecast, by End user

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Grade

11.1.5.2. Market Revenue and Volume Forecast, by February

11.1.5.3. Market Revenue and Volume Forecast, by End user

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Grade

11.2.2. Market Revenue and Volume Forecast, by February

11.2.3. Market Revenue and Volume Forecast, by End user

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Grade

11.2.4.2. Market Revenue and Volume Forecast, by February

11.2.4.3. Market Revenue and Volume Forecast, by End user

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Grade

11.2.5.2. Market Revenue and Volume Forecast, by February

11.2.5.3. Market Revenue and Volume Forecast, by End user

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Grade

11.2.6.2. Market Revenue and Volume Forecast, by February

11.2.6.3. Market Revenue and Volume Forecast, by End user

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Grade

11.2.7.2. Market Revenue and Volume Forecast, by February

11.2.7.3. Market Revenue and Volume Forecast, by End user

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Grade

11.3.2. Market Revenue and Volume Forecast, by February

11.3.3. Market Revenue and Volume Forecast, by End user

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Grade

11.3.4.2. Market Revenue and Volume Forecast, by February

11.3.4.3. Market Revenue and Volume Forecast, by End user

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Grade

11.3.5.2. Market Revenue and Volume Forecast, by February

11.3.5.3. Market Revenue and Volume Forecast, by End user

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Grade

11.3.6.2. Market Revenue and Volume Forecast, by February

11.3.6.3. Market Revenue and Volume Forecast, by End user

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Grade

11.3.7.2. Market Revenue and Volume Forecast, by February

11.3.7.3. Market Revenue and Volume Forecast, by End user

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Grade

11.4.2. Market Revenue and Volume Forecast, by February

11.4.3. Market Revenue and Volume Forecast, by End user

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Grade

11.4.4.2. Market Revenue and Volume Forecast, by February

11.4.4.3. Market Revenue and Volume Forecast, by End user

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Grade

11.4.5.2. Market Revenue and Volume Forecast, by February

11.4.5.3. Market Revenue and Volume Forecast, by End user

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Grade

11.4.6.2. Market Revenue and Volume Forecast, by February

11.4.6.3. Market Revenue and Volume Forecast, by End user

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Grade

11.4.7.2. Market Revenue and Volume Forecast, by February

11.4.7.3. Market Revenue and Volume Forecast, by End user

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Grade

11.5.2. Market Revenue and Volume Forecast, by February

11.5.3. Market Revenue and Volume Forecast, by End user

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Grade

11.5.4.2. Market Revenue and Volume Forecast, by February

11.5.4.3. Market Revenue and Volume Forecast, by End user

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Grade

11.5.5.2. Market Revenue and Volume Forecast, by February

11.5.5.3. Market Revenue and Volume Forecast, by End user

Chapter 12. Company Profiles

12.1. TotalEnergies (France)

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Marathon Petroleum Corporation (U.S.)

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. BP p.l.c. (U.K.)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Gazprom International Limited (Russia)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. BP SINOPEC MARINE FUELS. (Singapore)

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. World Fuel Services Corporation. (U.S.)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. BUNKER HOLDING (Denmark)

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Exxon Mobil Corporation. (U.S.)

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Chevron Phillips Chemical Company LLC. (U.S.)

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Shell plc (U.K.)

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global bunker fuel market size is expected to increase USD 199.09 billion by 2034 from USD 130.43 billion in 2024.

The bunker fuel market is anticipated to grow at a CAGR of over 4.32% between 2025 and 2034.

The major players operating in the bunker fuel market are TotalEnergies, Marathon Petroleum Corporation, BP p.l.c., Gazprom International Limited, BP SINOPEC MARINE FUELS., World Fuel Services Corporation., BUNKER HOLDING, Exxon Mobil Corporation., Chevron Phillips Chemical Company LLC., Shell plc, Neste, CHEMOIL ENERGY, LUKOIL, Bomin Bunker Holding, Minerva Bunkering, and Others.

The driving factors of the bunker fuel market are the increase in shipping activities, growing global trade, and increase in fuel consumption.

Asia Pacific region will lead the global bunker fuel market during the forecast period 2025 to 2034.

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