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Chemical & Material Global Bunker Fuel Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4656309
    • |
  • 05 December, 2025
    • |
  • Global
    • |
  • 145 Pages
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  • GIR
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  • Chemical & Material

According to our (Global Info Research) latest study, the global Bunker Fuel market size was valued at US$ 176080 million in 2024 and is forecast to a readjusted size of USD 276560 million by 2031 with a CAGR of 6.7% during review period.
Bunker fuel is technically any type of fuel oil used aboard vessels. This kind of material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature. In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting.
Asia-Pacific is the largest market with about 38% market share. Europe is follower, accounting for about 32% market share.
The key players are World Fuel Services, Bunker Holding, Chemoil, Aegean Marine Petroleum, China Marine Bunker, Bright Oil, BP, Exxon Mobil, Shell, Sinopec, Lukoil-Bunker, Total Marine Fuel, Gazpromneft, China Changjiang Bunker, Southern Pec, GAC, Shanghai Lonyer Fuels etc. World Fuel Services is the largest manufacturer with about 9% market share.
This report is a detailed and comprehensive analysis for global Bunker Fuel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Bunker Fuel market size and forecasts, in consumption value ($ Million), sales quantity (M MT), and average selling prices (USD/MT), 2020-2031
Global Bunker Fuel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M MT), and average selling prices (USD/MT), 2020-2031
Global Bunker Fuel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M MT), and average selling prices (USD/MT), 2020-2031
Global Bunker Fuel market shares of main players, shipments in revenue ($ Million), sales quantity (M MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Bunker Fuel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Bunker Fuel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include World Fuel Services, Bunker Holding, Chemoil, Aegean Marine Petroleum, China Marine Bunker, Bright Oil, BP, Exxon Mobil, Shell, Sinopec, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Bunker Fuel market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Distillate Fuel Oil
Residual Fuel Oil
LNG
Market segment by Application
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Other
Major players covered
World Fuel Services
Bunker Holding
Chemoil
Aegean Marine Petroleum
China Marine Bunker
Bright Oil
BP
Exxon Mobil
Shell
Sinopec
Lukoil-Bunker
Total Marine Fuel
Gazpromneft
China Changjiang Bunker
Southern Pec
GAC
Shanghai Lonyer Fuels
China Shipping & Sinopec Suppliers Co., Ltd.
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Bunker Fuel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Bunker Fuel, with price, sales quantity, revenue, and global market share of Bunker Fuel from 2020 to 2025.
Chapter 3, the Bunker Fuel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Bunker Fuel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Bunker Fuel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Bunker Fuel.
Chapter 14 and 15, to describe Bunker Fuel sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Bunker Fuel Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Distillate Fuel Oil
    • 1.3.3 Residual Fuel Oil
    • 1.3.4 LNG
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Bunker Fuel Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Tanker Vessels
    • 1.4.3 Container Vessels
    • 1.4.4 Bulk Vessels
    • 1.4.5 General Cargo Vessels
    • 1.4.6 Other
  • 1.5 Global Bunker Fuel Market Size & Forecast
    • 1.5.1 Global Bunker Fuel Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Bunker Fuel Sales Quantity (2020-2031)
    • 1.5.3 Global Bunker Fuel Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 World Fuel Services
    • 2.1.1 World Fuel Services Details
    • 2.1.2 World Fuel Services Major Business
    • 2.1.3 World Fuel Services Bunker Fuel Product and Services
    • 2.1.4 World Fuel Services Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 World Fuel Services Recent Developments/Updates
  • 2.2 Bunker Holding
    • 2.2.1 Bunker Holding Details
    • 2.2.2 Bunker Holding Major Business
    • 2.2.3 Bunker Holding Bunker Fuel Product and Services
    • 2.2.4 Bunker Holding Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Bunker Holding Recent Developments/Updates
  • 2.3 Chemoil
    • 2.3.1 Chemoil Details
    • 2.3.2 Chemoil Major Business
    • 2.3.3 Chemoil Bunker Fuel Product and Services
    • 2.3.4 Chemoil Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Chemoil Recent Developments/Updates
  • 2.4 Aegean Marine Petroleum
    • 2.4.1 Aegean Marine Petroleum Details
    • 2.4.2 Aegean Marine Petroleum Major Business
    • 2.4.3 Aegean Marine Petroleum Bunker Fuel Product and Services
    • 2.4.4 Aegean Marine Petroleum Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Aegean Marine Petroleum Recent Developments/Updates
  • 2.5 China Marine Bunker
    • 2.5.1 China Marine Bunker Details
    • 2.5.2 China Marine Bunker Major Business
    • 2.5.3 China Marine Bunker Bunker Fuel Product and Services
    • 2.5.4 China Marine Bunker Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 China Marine Bunker Recent Developments/Updates
  • 2.6 Bright Oil
    • 2.6.1 Bright Oil Details
    • 2.6.2 Bright Oil Major Business
    • 2.6.3 Bright Oil Bunker Fuel Product and Services
    • 2.6.4 Bright Oil Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Bright Oil Recent Developments/Updates
  • 2.7 BP
    • 2.7.1 BP Details
    • 2.7.2 BP Major Business
    • 2.7.3 BP Bunker Fuel Product and Services
    • 2.7.4 BP Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 BP Recent Developments/Updates
  • 2.8 Exxon Mobil
    • 2.8.1 Exxon Mobil Details
    • 2.8.2 Exxon Mobil Major Business
    • 2.8.3 Exxon Mobil Bunker Fuel Product and Services
    • 2.8.4 Exxon Mobil Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Exxon Mobil Recent Developments/Updates
  • 2.9 Shell
    • 2.9.1 Shell Details
    • 2.9.2 Shell Major Business
    • 2.9.3 Shell Bunker Fuel Product and Services
    • 2.9.4 Shell Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Shell Recent Developments/Updates
  • 2.10 Sinopec
    • 2.10.1 Sinopec Details
    • 2.10.2 Sinopec Major Business
    • 2.10.3 Sinopec Bunker Fuel Product and Services
    • 2.10.4 Sinopec Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Sinopec Recent Developments/Updates
  • 2.11 Lukoil-Bunker
    • 2.11.1 Lukoil-Bunker Details
    • 2.11.2 Lukoil-Bunker Major Business
    • 2.11.3 Lukoil-Bunker Bunker Fuel Product and Services
    • 2.11.4 Lukoil-Bunker Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Lukoil-Bunker Recent Developments/Updates
  • 2.12 Total Marine Fuel
    • 2.12.1 Total Marine Fuel Details
    • 2.12.2 Total Marine Fuel Major Business
    • 2.12.3 Total Marine Fuel Bunker Fuel Product and Services
    • 2.12.4 Total Marine Fuel Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Total Marine Fuel Recent Developments/Updates
  • 2.13 Gazpromneft
    • 2.13.1 Gazpromneft Details
    • 2.13.2 Gazpromneft Major Business
    • 2.13.3 Gazpromneft Bunker Fuel Product and Services
    • 2.13.4 Gazpromneft Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Gazpromneft Recent Developments/Updates
  • 2.14 China Changjiang Bunker
    • 2.14.1 China Changjiang Bunker Details
    • 2.14.2 China Changjiang Bunker Major Business
    • 2.14.3 China Changjiang Bunker Bunker Fuel Product and Services
    • 2.14.4 China Changjiang Bunker Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 China Changjiang Bunker Recent Developments/Updates
  • 2.15 Southern Pec
    • 2.15.1 Southern Pec Details
    • 2.15.2 Southern Pec Major Business
    • 2.15.3 Southern Pec Bunker Fuel Product and Services
    • 2.15.4 Southern Pec Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Southern Pec Recent Developments/Updates
  • 2.16 GAC
    • 2.16.1 GAC Details
    • 2.16.2 GAC Major Business
    • 2.16.3 GAC Bunker Fuel Product and Services
    • 2.16.4 GAC Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 GAC Recent Developments/Updates
  • 2.17 Shanghai Lonyer Fuels
    • 2.17.1 Shanghai Lonyer Fuels Details
    • 2.17.2 Shanghai Lonyer Fuels Major Business
    • 2.17.3 Shanghai Lonyer Fuels Bunker Fuel Product and Services
    • 2.17.4 Shanghai Lonyer Fuels Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Shanghai Lonyer Fuels Recent Developments/Updates
  • 2.18 China Shipping & Sinopec Suppliers Co., Ltd.
    • 2.18.1 China Shipping & Sinopec Suppliers Co., Ltd. Details
    • 2.18.2 China Shipping & Sinopec Suppliers Co., Ltd. Major Business
    • 2.18.3 China Shipping & Sinopec Suppliers Co., Ltd. Bunker Fuel Product and Services
    • 2.18.4 China Shipping & Sinopec Suppliers Co., Ltd. Bunker Fuel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 China Shipping & Sinopec Suppliers Co., Ltd. Recent Developments/Updates

3 Competitive Environment: Bunker Fuel by Manufacturer

  • 3.1 Global Bunker Fuel Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Bunker Fuel Revenue by Manufacturer (2020-2025)
  • 3.3 Global Bunker Fuel Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Bunker Fuel by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Bunker Fuel Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Bunker Fuel Manufacturer Market Share in 2024
  • 3.5 Bunker Fuel Market: Overall Company Footprint Analysis
    • 3.5.1 Bunker Fuel Market: Region Footprint
    • 3.5.2 Bunker Fuel Market: Company Product Type Footprint
    • 3.5.3 Bunker Fuel Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Bunker Fuel Market Size by Region
    • 4.1.1 Global Bunker Fuel Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Bunker Fuel Consumption Value by Region (2020-2031)
    • 4.1.3 Global Bunker Fuel Average Price by Region (2020-2031)
  • 4.2 North America Bunker Fuel Consumption Value (2020-2031)
  • 4.3 Europe Bunker Fuel Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Bunker Fuel Consumption Value (2020-2031)
  • 4.5 South America Bunker Fuel Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Bunker Fuel Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Bunker Fuel Sales Quantity by Type (2020-2031)
  • 5.2 Global Bunker Fuel Consumption Value by Type (2020-2031)
  • 5.3 Global Bunker Fuel Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Bunker Fuel Sales Quantity by Application (2020-2031)
  • 6.2 Global Bunker Fuel Consumption Value by Application (2020-2031)
  • 6.3 Global Bunker Fuel Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Bunker Fuel Sales Quantity by Type (2020-2031)
  • 7.2 North America Bunker Fuel Sales Quantity by Application (2020-2031)
  • 7.3 North America Bunker Fuel Market Size by Country
    • 7.3.1 North America Bunker Fuel Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Bunker Fuel Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Bunker Fuel Sales Quantity by Type (2020-2031)
  • 8.2 Europe Bunker Fuel Sales Quantity by Application (2020-2031)
  • 8.3 Europe Bunker Fuel Market Size by Country
    • 8.3.1 Europe Bunker Fuel Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Bunker Fuel Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Bunker Fuel Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Bunker Fuel Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Bunker Fuel Market Size by Region
    • 9.3.1 Asia-Pacific Bunker Fuel Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Bunker Fuel Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Bunker Fuel Sales Quantity by Type (2020-2031)
  • 10.2 South America Bunker Fuel Sales Quantity by Application (2020-2031)
  • 10.3 South America Bunker Fuel Market Size by Country
    • 10.3.1 South America Bunker Fuel Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Bunker Fuel Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Bunker Fuel Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Bunker Fuel Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Bunker Fuel Market Size by Country
    • 11.3.1 Middle East & Africa Bunker Fuel Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Bunker Fuel Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Bunker Fuel Market Drivers
  • 12.2 Bunker Fuel Market Restraints
  • 12.3 Bunker Fuel Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Bunker Fuel and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Bunker Fuel
  • 13.3 Bunker Fuel Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Bunker Fuel Typical Distributors
  • 14.3 Bunker Fuel Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Bunker Fuel. Industry analysis & Market Report on Bunker Fuel is a syndicated market report, published as Global Bunker Fuel Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Bunker Fuel market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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