1 / 7

Bunker Fuel Market Set for Rapid Growth and Trend, by 2025

Bunker Fuel Market Set for Rapid Growth and Trend, by 2025<br>

piyathakare2012
Download Presentation

Bunker Fuel Market Set for Rapid Growth and Trend, by 2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ©2019 Transparency Market Research, All Rights Reserved Bunker Fuel Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. ©2019 Transparency Market Research, All Rights Reserved About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Wehavean experienced team of Analysts, Researchers, and Consultants, who useproprietary data sources and various tools and techniques to gather and analyzeinformation. Our business offerings representthelatest and themostreliableinformationindispensableforbusinessestosustaina competitiveedge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. Thesereports providein-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reportsstriveto serveclients and satisfytheir overallresearchrequirement.

  3. ©2019 Transparency Market Research, All Rights Reserved Environmental Concerns Lead to Development of Efficient Low-sulfur Bunker Fuels • For several decades, the shipping industry was under significant pressure to curb harmful emissionsanduse marineor bunkerfuelswith low sulfurcontent. • Recent developments in the bunker fuel market suggest that achieving greener marine ecosystem willbe a realitysoon. • The pressure on the marine industry islargely driven by the growing need to curb airpollution andsignificantrise inthe numberof childhoodasthmacases worldwide. • Cargo, container, and tanker fleet play a major role in adding to the air pollution across the world. These major sources of air pollution, which run on bunker fuels laden with sulfur have alsocaused significantdamageto communitiesthat liveclose to shippingchannels. • View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©2019 Transparency Market Research, All Rights Reserved International Marine Organization Regulations to Impact Growth of Bunker Fuel Market • With mounting pressure to clean their act, the marine industry is set to witnessa majoroverhaulin the forthcomingyears. • Efforts to curb sulfur-emission have gained significant traction in the bunker fuel market in the past three to four years. Drastic changes in sulfur-emission policies are expected to influence the growth of the market for bunkerfuelsin the comingdecade. • In 2016, when the International Marine Organization agreed to restrict the sulfur content in bunker fuels to around 0.5% by 2020, the stage was set for a paradigm shift in the bunker fuel market towardthe use oflow-sulfurbunkerfuels. • While the demand for high sulfur fuel oils will witness a gradual decline, it will provide a boost to the demand for low-sulfur fuel oilsand liquefiednaturalgas(LNG). • The fluctuating prices of liquefied natural gas or alternative bunker fuels could pose a major hurdle for stakeholders involved in the bunker fuel market value chain.

  5. ©2019 Transparency Market Research, All Rights Reserved Demand for Marine Diesel Oil Likely to Rise • Barriers put forward by liquefied natural gas and environmental concerns over the deployment of high sulfur fuel oils have opened up the floodgates for marine diesel oil to penetrate the bunker fuel market. • The new regulations laid down by the International Marine Organization offers significant promise for stakeholders eyeing investment opportunities and potential applications of marine diesel oils. • The shift in the tide towardmarine diesel oil is likely to result in higher crude runs. ©2019 Transparency Market Research, All Rights Reserved

  6. ©2019 Transparency Market Research, All Rights Reserved Key players operating in the global bunker fuel market include • Total • Neste • Marathon Petroleum Corporation • BrightoilPetroleum (Holdings) Limited • BP • Saudi Arabian Oil Co. • Gazprom ©2019 Transparency Market Research, All Rights Reserved

  7. ©2019 Transparency Market Research, All Rights Reserved To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact: Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY –12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

More Related