Asia Pacific 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
107
PDF
Asia Pacific 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 Asia Pacific bunker fuel market will grow by 5.0% annually with a total addressable market cap of $1,029.2 billion over 2023-2032, 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 29 tables and 48 figures, this 107-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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: •Japan •China •Singapore •India •Malaysia •Rest of APAC (further segmented into South Korea, Australia, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia-Pacific Market 2022-2032 by Country68 7.1 Overview of Asia-Pacific Market68 7.2 Japan71 7.3 China74 7.4 Singapore76 7.5 India78 7.6 Malaysia80 7.7 Rest of APAC Region82 8 Competitive Landscape84 8.1 Overview of Key Vendors84 8.2 New Product Launch, Partnership, Investment, and M&A87 8.3 Company Profiles88 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)88 BP PLC90 Bunker Holding A/S91 Chevron Corporation92 China COSCO Shipping Corporation Limited93 Clipper Oil94 Evergreen Marine Corp Taiwan Ltd.95 Exxon Mobil Corporation96 Fuel Suppliers97 Gazprom Marine Bunker LLC98 Gulf Agency Company Ltd.99 Neste Corporation100 Pacific International Lines Pte Ltd.101 PJSC (Lukoil Oil Company)102 Shell Plc103 TotalEnergies SE104 World Fuel Services Corporation105 Yang Ming Marine Transport Corporation106 RELATED REPORTS107
List of Tables:
Table 1. Snapshot of Asia Pacific 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 Asia Pacific Bunker Fuel Market34 Table 6. Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, $ mn42 Table 7. Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn51 Table 8. Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, $ mn56 Table 9. Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, $ mn63 Table 10. APAC Bunker Fuel Market by Country, 2022-2032, $ mn69 Table 11. Japan Bunker Fuel Market by Fuel Type, 2022-2032, $ mn73 Table 12. Japan Bunker Fuel Market by Vessel Type, 2022-2032, $ mn73 Table 13. Japan Bunker Fuel Market by Seller Type, 2022-2032, $ mn73 Table 14. China Bunker Fuel Market by Fuel Type, 2022-2032, $ mn75 Table 15. China Bunker Fuel Market by Vessel Type, 2022-2032, $ mn75 Table 16. China Bunker Fuel Market by Seller Type, 2022-2032, $ mn75 Table 17. Singapore Bunker Fuel Market by Fuel Type, 2022-2032, $ mn77 Table 18. Singapore Bunker Fuel Market by Vessel Type, 2022-2032, $ mn77 Table 19. Singapore Bunker Fuel Market by Seller Type, 2022-2032, $ mn77 Table 20. India Bunker Fuel Market by Fuel Type, 2022-2032, $ mn79 Table 21. India Bunker Fuel Market by Vessel Type, 2022-2032, $ mn79 Table 22. India Bunker Fuel Market by Seller Type, 2022-2032, $ mn79 Table 23. Malaysia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn81 Table 24. Malaysia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn81 Table 25. Malaysia Bunker Fuel Market by Seller Type, 2022-2032, $ mn81 Table 26. Bunker Fuel Market in Rest of APAC by Country/Region, 2022-2032, $ mn83 Table 27. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot88 Table 28. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation89 Table 29. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio89
Asia Pacific bunker fuel market will grow by 5.0% annually with a total addressable market cap of $1,029.2 billion over 2023-2032, 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 29 tables and 48 figures, this 107-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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: •Japan •China •Singapore •India •Malaysia •Rest of APAC (further segmented into South Korea, Australia, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia-Pacific Market 2022-2032 by Country68 7.1 Overview of Asia-Pacific Market68 7.2 Japan71 7.3 China74 7.4 Singapore76 7.5 India78 7.6 Malaysia80 7.7 Rest of APAC Region82 8 Competitive Landscape84 8.1 Overview of Key Vendors84 8.2 New Product Launch, Partnership, Investment, and M&A87 8.3 Company Profiles88 Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)88 BP PLC90 Bunker Holding A/S91 Chevron Corporation92 China COSCO Shipping Corporation Limited93 Clipper Oil94 Evergreen Marine Corp Taiwan Ltd.95 Exxon Mobil Corporation96 Fuel Suppliers97 Gazprom Marine Bunker LLC98 Gulf Agency Company Ltd.99 Neste Corporation100 Pacific International Lines Pte Ltd.101 PJSC (Lukoil Oil Company)102 Shell Plc103 TotalEnergies SE104 World Fuel Services Corporation105 Yang Ming Marine Transport Corporation106 RELATED REPORTS107
List of Tables:
Table 1. Snapshot of Asia Pacific 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 Asia Pacific Bunker Fuel Market34 Table 6. Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, $ mn42 Table 7. Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn51 Table 8. Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, $ mn56 Table 9. Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, $ mn63 Table 10. APAC Bunker Fuel Market by Country, 2022-2032, $ mn69 Table 11. Japan Bunker Fuel Market by Fuel Type, 2022-2032, $ mn73 Table 12. Japan Bunker Fuel Market by Vessel Type, 2022-2032, $ mn73 Table 13. Japan Bunker Fuel Market by Seller Type, 2022-2032, $ mn73 Table 14. China Bunker Fuel Market by Fuel Type, 2022-2032, $ mn75 Table 15. China Bunker Fuel Market by Vessel Type, 2022-2032, $ mn75 Table 16. China Bunker Fuel Market by Seller Type, 2022-2032, $ mn75 Table 17. Singapore Bunker Fuel Market by Fuel Type, 2022-2032, $ mn77 Table 18. Singapore Bunker Fuel Market by Vessel Type, 2022-2032, $ mn77 Table 19. Singapore Bunker Fuel Market by Seller Type, 2022-2032, $ mn77 Table 20. India Bunker Fuel Market by Fuel Type, 2022-2032, $ mn79 Table 21. India Bunker Fuel Market by Vessel Type, 2022-2032, $ mn79 Table 22. India Bunker Fuel Market by Seller Type, 2022-2032, $ mn79 Table 23. Malaysia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn81 Table 24. Malaysia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn81 Table 25. Malaysia Bunker Fuel Market by Seller Type, 2022-2032, $ mn81 Table 26. Bunker Fuel Market in Rest of APAC by Country/Region, 2022-2032, $ mn83 Table 27. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot88 Table 28. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation89 Table 29. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio89