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
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,
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.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
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
Make this report your own
Have queries/questions regarding a report
Take advantage of intelligence tailored to your business objective
Manmayi Raval
Research Consultant
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.)
Don’t pay for what you don’t need. Save 30%
Customise your report by selecting specific countries or regions
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Asia Pacific Bunker Fuel Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Bunker Fuel Market 25
Figure 7. World Shipbuilding Capacity by Country, 2013 – 2026F, million CGT 28
Figure 8. Fleet Market by Region of Beneficial Ownership, 2022, Millions of dead-weight tons 28
Figure 9. World Crude Oil Production, 2000-2021, million tons 30
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Bunker Fuel Market 31
Figure 11. Investment Opportunity Analysis 35
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Bunker Fuel Market 38
Figure 13. Breakdown of Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, % of Revenue 43
Figure 14. Asia Pacific Addressable Market Cap in 2023-2032 by Fuel Type, Value ($ mn) and Share (%) 43
Figure 15. Asia Pacific Bunker Fuel Market by Fuel Type: Very Low Sulfur Fuel Oil (VLSFO), 2022-2032, $ mn 44
Figure 16. Asia Pacific Bunker Fuel Market by Fuel Type: High Sulfur Fuel Oil (HSFO), 2022-2032, $ mn 45
Figure 17. Total Number of Ships with Scrubbers Installed by the End of 2020 by Ship Type 46
Figure 18. Asia Pacific Bunker Fuel Market by Fuel Type: Marine Gas Oil (MGO), 2022-2032, $ mn 47
Figure 19. Asia Pacific Bunker Fuel Market by Fuel Type: Liquefied Natural Gas (LNG), 2022-2032, $ mn 48
Figure 20. World Cumulative LNG Carrier Fleet, 1991-2020 49
Figure 21. World Combined Capacity of LNG Carriers, 1991-2020, MTPA 49
Figure 22. Asia Pacific Bunker Fuel Market by Fuel Type: Other Fuel Types, 2022-2032, $ mn 50
Figure 23. Breakdown of Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, % of Sales Revenue 52
Figure 24. Asia Pacific Addressable Market Cap in 2023-2032 by Fuel Grade, Value ($ mn) and Share (%) 52
Figure 25. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker A, 2022-2032, $ mn 53
Figure 26. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker B, 2022-2032, $ mn 54
Figure 27. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker C, 2022-2032, $ mn 55
Figure 28. Breakdown of Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, % of Sales Revenue 57
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by Vessel Type, Value ($ mn) and Share (%) 57
Figure 30. Asia Pacific Bunker Fuel Market by Vessel Type: Bulk Carriers, 2022-2032, $ mn 58
Figure 31. Asia Pacific Bunker Fuel Market by Vessel Type: Tankers, 2022-2032, $ mn 59
Figure 32. Asia Pacific Bunker Fuel Market by Vessel Type: Containers, 2022-2032, $ mn 60
Figure 33. Asia Pacific Bunker Fuel Market by Vessel Type: General Cargo, 2022-2032, $ mn 61
Figure 34. Asia Pacific Bunker Fuel Market by Vessel Type: Other Vessel Types, 2022-2032, $ mn 62
Figure 35. Breakdown of Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, % of Revenue 64
Figure 36. Asia Pacific Addressable Market Cap in 2023-2032 by Seller Type, Value ($ mn) and Share (%) 64
Figure 37. Asia Pacific Bunker Fuel Market by Seller Type: Major Oil Companies, 2022-2032, $ mn 65
Figure 38. Asia Pacific Bunker Fuel Market by Seller Type: Leading Independent Sellers, 2022-2032, $ mn 66
Figure 39. Asia Pacific Bunker Fuel Market by Seller Type: Small Independent Sellers, 2022-2032, $ mn 67
Figure 40. Breakdown of APAC Bunker Fuel Market by Country, 2022 and 2032, % of Revenue 69
Figure 41. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 70
Figure 42. Bunker Fuel Market in Japan, 2022-2032, $ mn 72
Figure 43. Bunker Fuel Market in China, 2022-2032, $ mn 74
Figure 44. Bunker Fuel Market in Singapore, 2022-2032, $ mn 76
Figure 45. Bunker Fuel Market in India, 2022-2032, $ mn 78
Figure 46. Bunker Fuel Market in Malaysia, 2022-2032, $ mn 80
Figure 47. Bunker Fuel Market in Rest of APAC, 2022-2032, $ mn 82
Figure 48. Growth Stage of Asia Pacific Bunker Fuel Industry over the Forecast Period 84
List of Tables:
Table 1. Snapshot of Asia Pacific Bunker Fuel Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons 29
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Bunker Fuel Market 34
Table 6. Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 42
Table 7. Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn 51
Table 8. Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 56
Table 9. Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, $ mn 63
Table 10. APAC Bunker Fuel Market by Country, 2022-2032, $ mn 69
Table 11. Japan Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 73
Table 12. Japan Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 73
Table 13. Japan Bunker Fuel Market by Seller Type, 2022-2032, $ mn 73
Table 14. China Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 75
Table 15. China Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 75
Table 16. China Bunker Fuel Market by Seller Type, 2022-2032, $ mn 75
Table 17. Singapore Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 77
Table 18. Singapore Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 77
Table 19. Singapore Bunker Fuel Market by Seller Type, 2022-2032, $ mn 77
Table 20. India Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 79
Table 21. India Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 79
Table 22. India Bunker Fuel Market by Seller Type, 2022-2032, $ mn 79
Table 23. Malaysia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 81
Table 24. Malaysia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 81
Table 25. Malaysia Bunker Fuel Market by Seller Type, 2022-2032, $ mn 81
Table 26. Bunker Fuel Market in Rest of APAC by Country/Region, 2022-2032, $ mn 83
Table 27. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot 88
Table 28. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation 89
Table 29. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio 89
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. License information
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. License information
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. License information
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). License information
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