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Singapore bunker fuel Market

Bunker fuel is a type of fuel oil that is used abroad/marine vessels. It is poured into shipu2019s<br>bunkers to power its engines. Bunker fuel gets its name from tanks on ports and in ships<br>that it is stored in. Previously, they were known as coal bunkers, but now they are called<br>as bunker fuel tanks. Bunker fuels are used to power their motors, engine, drive, and<br>other equipment in the marine vessels. With the implementation of IMO-2020 regulations<br>on sulfur content in the marine fuel from January 2020, there is increase in attention<br>toward utilization of low sulfur fuel oil from key players operat

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Singapore bunker fuel Market

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  1. Opportunity Analysis and Industry Forecast, 2016-20231 Singapore Bunker Fuel Market by Type, Commercial Distributor, and Application : Opportunity Analysis and Industry Forecast, 2021-2030 • Pages: 180 Tables: 55 Charts: 76

  2. Global Singapore Bunker Fuel Market Outlook (2021 – 2030) • Top Impacting Factors: • The Singapore bunker fuel market size was valued at $17.6 billion in 2020, and is projected to reach $24.5 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030. • Bunker fuel is a type of fuel oil that is used abroad/marine vessels. • Bunker fuel is poured into ship’s bunkers to power its engines. • Bunker fuel gets its name from tanks on ports and in ships that it is stored in. • Bunker fuels are used to power their motors, engine, drive, and other equipment in the marine vessels. • Pages: 180 Tables: 55 Charts: 76

  3. Global Singapore Bunker Fuel Market Outlook (2021 – 2030) • Rise in offshore exploration & production (E&P) activity and increase in seaborne trade across the Asia-Pacific region are the factors that drive the growth of the Singapore bunker fuel market during the forecast period. • Increase in utilization of LNG as a marine fuel is anticipated to fuel the growth of the Singapore bunker fuel market from 2021 to 2030. • The developments adopted by oil majors in the bunker fuel industry such as product launch, agreement, and others are further anticipated to drive the growth of the market during the analyzed timeframe. • Pages: 180 Tables: 55 Charts: 76

  4. Global Singapore Bunker Fuel Market Outlook (2021 – 2030) • Key Findings of The Singapore Bunker Fuel Market : • In 2020, the low sulfur fuel oil segment accounted for majority of the market share of the Singapore bunker fuel market, and is expected to maintain its lead during the forecast period. • In 2020, the oil majors segment accounted for around 40.63% of the share in the Singapore bunker fuel market, and is expected to maintain its dominance till the end of the forecast period. • In 2020, the large independent distributor segment is accounted for 34.47% market share in 2020, and is anticipated to grow at a rate of 3.9% in terms of revenue, increasing its share in the Singapore bunker fuel market. • Gas tankers is the fastest-growing application segment in the Singapore bunker fuel market and is expected to grow at a CAGR of 4.1% during 2021–2030. • In 2020, container segment dominated the Singapore bunker fuel market with more than 23.14% of the share, in terms of revenue. • Pages: 180 Tables: 55 Charts: 76

  5. The key players profiled in the report include: • TOTAL ENERGIES • BP P.L.C • ROYAL DUTCH SHELL PLC • Vitol Marine Fuels Pte. Ltd. (Parent: Vitol Group) • Glencore Singapore Pte. Ltd. (Parent: Glencore International AG) • EXXON MOBIL CORPORATION • SENTEK MARINE & TRADING PTE LTD • EQUATORIAL MARINE FUEL MANAGEMENT SERVICES PTE LTD • SK Energy International Pte. Ltd. (Parent: SK INNOVATION, CO. LTD.) • PetroChina International (Singapore) Pte. Ltd. (Parent: PetroChina Company Limited) Global Singapore Bunker Fuel Market Outlook (2021– 2030) • Pages: 180 Tables: 55 Charts: 76

  6. Global Singapore Bunker Fuel Market Outlook (2021 – 2030) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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