Title: Singapore Bunker Fuel Market
1Opportunity Analysis and Industry Forecast,
2016-20231
Singapore Bunker Fuel Market by Type,
Commercial Distributor, and Application
Opportunity Analysis and Industry Forecast,
2021-2030
Pages 180 Tables 55 Charts 76
2- Top Impacting Factors
- The Singapore bunker fuel market size was valued
at 17.6 billion in 2020, and is projected to
reach 24.5 billion by 2030, growing at a CAGR of
3.5 from 2021 to 2030. - Bunker fuel is a type of fuel oil that is used
abroad/marine vessels. - Bunker fuel is poured into ships bunkers to
power its engines. - Bunker fuel gets its name from tanks on ports and
in ships that it is stored in. - Bunker fuels are used to power their motors,
engine, drive, and other equipment in the marine
vessels.
Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
3- Rise in offshore exploration production (EP)
activity and increase in seaborne trade across
the Asia-Pacific region are the factors that
drive the growth of the Singapore bunker fuel
market during the forecast period. - Increase in utilization of LNG as a marine fuel
is anticipated to fuel the growth of the
Singapore bunker fuel market from 2021 to 2030. - The developments adopted by oil majors in the
bunker fuel industry such as product launch,
agreement, and others are further anticipated to
drive the growth of the market during the
analyzed timeframe.
Global Singapore Bunker Fuel Market Outlook (2021
2030)
Pages 180 Tables 55 Charts 76
4- Key Findings of The Singapore Bunker Fuel Market
- In 2020, the low sulfur fuel oil segment
accounted for majority of the market share of the
Singapore bunker fuel market, and is expected to
maintain its lead during the forecast period. - In 2020, the oil majors segment accounted for
around 40.63 of the share in the Singapore
bunker fuel market, and is expected to maintain
its dominance till the end of the forecast
period. - In 2020, the large independent distributor
segment is accounted for 34.47 market share in
2020, and is anticipated to grow at a rate of
3.9 in terms of revenue, increasing its share in
the Singapore bunker fuel market.
Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
5- The key players profiled in the report include
- TOTAL ENERGIES
- BP P.L.C
- ROYAL DUTCH SHELL PLC
- Vitol Marine Fuels Pte. Ltd. (Parent Vitol
Group) - Glencore Singapore Pte. Ltd. (Parent Glencore
International AG) - EXXON MOBIL CORPORATION
- SENTEK MARINE TRADING PTE LTD
- EQUATORIAL MARINE FUEL MANAGEMENT SERVICES PTE
LTD - SK Energy International Pte. Ltd. (Parent SK
INNOVATION, CO. LTD.) - PetroChina International (Singapore) Pte. Ltd.
(Parent PetroChina Company Limited)
Global Singapore Bunker Fuel Market Outlook
(2021 2030)
Pages 180 Tables 55 Charts 76
6Global Singapore Bunker Fuel Market Outlook
(2021 2030)
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