North America Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Country: Trend Forecast and Growth Opportunity
January 31, 2023
GMD Research
101
PDF
North America Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Country: Trend Forecast and Growth Opportunity
Abstract North America bunker fuel market is projected to grow by 5.8% annually in the forecast period and reach $34,510 million by 2032, driven by the escalating demand for international seaborne trade, the rising oil and gas exploration activities in deep offshore areas, the government supports on strengthening geographical border security, and the rising R&D projects to develop clean and eco-friendly fuels. Highlighted with 22 tables and 45 figures, this 101-page report “North America Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America bunker fuel market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America bunker fuel market in every aspect of the classification from perspectives of Fuel Type, Fuel Grade, Vessel Type, Seller Type, and Country.
Based on Fuel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Very Low Sulfur Fuel Oil (VLSFO) •High Sulfur Fuel Oil (HSFO) •Marine Gas Oil (MGO) •Liquefied Natural Gas (LNG) •Other Fuel Types
Based on Fuel Grade, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Bunker A •Bunker B •Bunker C
By Vessel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Bulk Carriers •Tankers •Containers •General Cargo •Other Vessel Types
By Seller Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Major Oil Companies •Leading Independent Sellers •Small Independent Sellers
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Fuel Type, Vessel Type and Seller Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) BP PLC Bunker Holding A/S Chevron Corporation China COSCO Shipping Corporation Limited Clipper Oil Evergreen Marine Corp Taiwan Ltd. Exxon Mobil Corporation Fuel Suppliers Gazprom Marine Bunker LLC Gulf Agency Company Ltd. Neste Corporation Pacific International Lines Pte Ltd. PJSC (Lukoil Oil Company) Shell Plc TotalEnergies SE World Fuel Services Corporation Yang Ming Marine Transport Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Content Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of North America Market by Fuel Type42 3.1 Market Overview by Fuel Type42 3.2 Very Low Sulfur Fuel Oil (VLSFO)44 3.3 High Sulfur Fuel Oil (HSFO)45 3.4 Marine Gas Oil (MGO)47 3.5 Liquefied Natural Gas (LNG)48 3.6 Other Fuel Types50 4 Segmentation of North America Market by Fuel Grade51 4.1 Market Overview by Fuel Grade51 4.2 Bunker A53 4.3 Bunker B54 4.4 Bunker C55 5 Segmentation of North America Market by Vessel Type56 5.1 Market Overview by Vessel Type56 5.2 Bulk Carriers58 5.3 Tankers59 5.4 Containers60 5.5 General Cargo61 5.6 Other Vessel Types62 6 Segmentation of North America Market by Seller Type63 6.1 Market Overview by Seller Type63 6.2 Major Oil Companies65 6.3 Leading Independent Sellers66 6.4 Small Independent Sellers67 7 North America Market 2022-2032 by Country68 7.1 Overview of North America Market68 7.2 U.S.71 7.3 Canada74 7.4 Mexico76 8 Competitive Landscape78 8.1 Overview of Key Vendors78 8.2 New Product Launch, Partnership, Investment, and M&A81 8.3 Company Profiles82 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)82 BP PLC84 Bunker Holding A/S85 Chevron Corporation86 China COSCO Shipping Corporation Limited87 Clipper Oil88 Evergreen Marine Corp Taiwan Ltd.89 Exxon Mobil Corporation90 Fuel Suppliers91 Gazprom Marine Bunker LLC92 Gulf Agency Company Ltd.93 Neste Corporation94 Pacific International Lines Pte Ltd.95 PJSC (Lukoil Oil Company)96 Shell Plc97 TotalEnergies SE98 World Fuel Services Corporation99 Yang Ming Marine Transport Corporation100 RELATED REPORTS101
List of Tables:
Table 1. Snapshot of North America Bunker Fuel Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons29 Table 5. Main Product Trends and Market Opportunities in North America Bunker Fuel Market34 Table 6. North America Bunker Fuel Market by Fuel Type, 2022-2032, $ mn42 Table 7. North America Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn51 Table 8. North America Bunker Fuel Market by Vessel Type, 2022-2032, $ mn56 Table 9. North America Bunker Fuel Market by Seller Type, 2022-2032, $ mn63 Table 10. North America Bunker Fuel Market by Country, 2022-2032, $ mn69 Table 11. U.S. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn73 Table 12. U.S. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn73 Table 13. U.S. Bunker Fuel Market by Seller Type, 2022-2032, $ mn73 Table 14. Canada Bunker Fuel Market by Fuel Type, 2022-2032, $ mn75 Table 15. Canada Bunker Fuel Market by Vessel Type, 2022-2032, $ mn75 Table 16. Canada Bunker Fuel Market by Seller Type, 2022-2032, $ mn75 Table 17. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn77 Table 18. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn77 Table 19. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn77 Table 20. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot82 Table 21. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation83 Table 22. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio83
North America bunker fuel market is projected to grow by 5.8% annually in the forecast period and reach $34,510 million by 2032, driven by the escalating demand for international seaborne trade, the rising oil and gas exploration activities in deep offshore areas, the government supports on strengthening geographical border security, and the rising R&D projects to develop clean and eco-friendly fuels. Highlighted with 22 tables and 45 figures, this 101-page report “North America Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America bunker fuel market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America bunker fuel market in every aspect of the classification from perspectives of Fuel Type, Fuel Grade, Vessel Type, Seller Type, and Country.
Based on Fuel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Very Low Sulfur Fuel Oil (VLSFO) •High Sulfur Fuel Oil (HSFO) •Marine Gas Oil (MGO) •Liquefied Natural Gas (LNG) •Other Fuel Types
Based on Fuel Grade, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Bunker A •Bunker B •Bunker C
By Vessel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Bulk Carriers •Tankers •Containers •General Cargo •Other Vessel Types
By Seller Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Major Oil Companies •Leading Independent Sellers •Small Independent Sellers
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Fuel Type, Vessel Type and Seller Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) BP PLC Bunker Holding A/S Chevron Corporation China COSCO Shipping Corporation Limited Clipper Oil Evergreen Marine Corp Taiwan Ltd. Exxon Mobil Corporation Fuel Suppliers Gazprom Marine Bunker LLC Gulf Agency Company Ltd. Neste Corporation Pacific International Lines Pte Ltd. PJSC (Lukoil Oil Company) Shell Plc TotalEnergies SE World Fuel Services Corporation Yang Ming Marine Transport Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of North America Market by Fuel Type42 3.1 Market Overview by Fuel Type42 3.2 Very Low Sulfur Fuel Oil (VLSFO)44 3.3 High Sulfur Fuel Oil (HSFO)45 3.4 Marine Gas Oil (MGO)47 3.5 Liquefied Natural Gas (LNG)48 3.6 Other Fuel Types50 4 Segmentation of North America Market by Fuel Grade51 4.1 Market Overview by Fuel Grade51 4.2 Bunker A53 4.3 Bunker B54 4.4 Bunker C55 5 Segmentation of North America Market by Vessel Type56 5.1 Market Overview by Vessel Type56 5.2 Bulk Carriers58 5.3 Tankers59 5.4 Containers60 5.5 General Cargo61 5.6 Other Vessel Types62 6 Segmentation of North America Market by Seller Type63 6.1 Market Overview by Seller Type63 6.2 Major Oil Companies65 6.3 Leading Independent Sellers66 6.4 Small Independent Sellers67 7 North America Market 2022-2032 by Country68 7.1 Overview of North America Market68 7.2 U.S.71 7.3 Canada74 7.4 Mexico76 8 Competitive Landscape78 8.1 Overview of Key Vendors78 8.2 New Product Launch, Partnership, Investment, and M&A81 8.3 Company Profiles82 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)82 BP PLC84 Bunker Holding A/S85 Chevron Corporation86 China COSCO Shipping Corporation Limited87 Clipper Oil88 Evergreen Marine Corp Taiwan Ltd.89 Exxon Mobil Corporation90 Fuel Suppliers91 Gazprom Marine Bunker LLC92 Gulf Agency Company Ltd.93 Neste Corporation94 Pacific International Lines Pte Ltd.95 PJSC (Lukoil Oil Company)96 Shell Plc97 TotalEnergies SE98 World Fuel Services Corporation99 Yang Ming Marine Transport Corporation100 RELATED REPORTS101
List of Tables:
Table 1. Snapshot of North America Bunker Fuel Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons29 Table 5. Main Product Trends and Market Opportunities in North America Bunker Fuel Market34 Table 6. North America Bunker Fuel Market by Fuel Type, 2022-2032, $ mn42 Table 7. North America Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn51 Table 8. North America Bunker Fuel Market by Vessel Type, 2022-2032, $ mn56 Table 9. North America Bunker Fuel Market by Seller Type, 2022-2032, $ mn63 Table 10. North America Bunker Fuel Market by Country, 2022-2032, $ mn69 Table 11. U.S. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn73 Table 12. U.S. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn73 Table 13. U.S. Bunker Fuel Market by Seller Type, 2022-2032, $ mn73 Table 14. Canada Bunker Fuel Market by Fuel Type, 2022-2032, $ mn75 Table 15. Canada Bunker Fuel Market by Vessel Type, 2022-2032, $ mn75 Table 16. Canada Bunker Fuel Market by Seller Type, 2022-2032, $ mn75 Table 17. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn77 Table 18. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn77 Table 19. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn77 Table 20. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot82 Table 21. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation83 Table 22. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio83