Setting

Europe 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

Published: 31 Jan 2023 | Report Code: 10248916 | Pages: 108

Europe bunker fuel market was valued at $22,330 million in 2022 and will grow by 4.6% annually over 2022-2032, 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 32 tables and 49 figures, this 108-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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: • Germany • UK • Norway • Spain • Italy • Netherlands • Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, France, Denmark, and Finland) 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 Introduction	7
1.1 Industry Definition and Research Scope	7
1.1.1 Industry Definition	7
1.1.2 Research Scope	8
1.2 Research Methodology	11
1.2.1 Overview of Market Research Methodology	11
1.2.2 Market Assumption	12
1.2.3 Secondary Data	12
1.2.4 Primary Data	12
1.2.5 Data Filtration and Model Design	13
1.2.6 Market Size/Share Estimation	14
1.2.7 Research Limitations	15
1.3 Executive Summary	16
2 Market Overview and Dynamics	19
2.1 Market Size and Forecast	19
2.1.1 Impact of COVID-19 on World Economy	20
2.1.2 Impact of COVID-19 on the Market	23
2.2 Major Growth Drivers	25
2.3 Market Restraints and Challenges	31
2.4 Emerging Opportunities and Market Trends	34
2.5 Porter’s Fiver Forces Analysis	38
3 Segmentation of Europe Market by Fuel Type	42
3.1 Market Overview by Fuel Type	42
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 Types	50
4 Segmentation of Europe Market by Fuel Grade	51
4.1 Market Overview by Fuel Grade	51
4.2 Bunker A	53
4.3 Bunker B	54
4.4 Bunker C	55
5 Segmentation of Europe Market by Vessel Type	56
5.1 Market Overview by Vessel Type	56
5.2 Bulk Carriers	58
5.3 Tankers	59
5.4 Containers	60
5.5 General Cargo	61
5.6 Other Vessel Types	62
6 Segmentation of Europe Market by Seller Type	63
6.1 Market Overview by Seller Type	63
6.2 Major Oil Companies	65
6.3 Leading Independent Sellers	66
6.4 Small Independent Sellers	67
7 European Market 2022-2032 by Country	68
7.1 Overview of European Market	68
7.2 Germany	71
7.3 U.K.	73
7.4 Norway	75
7.5 Spain	77
7.6 Italy	79
7.7 Netherlands	81
7.8 Rest of European Market	83
8 Competitive Landscape	85
8.1 Overview of Key Vendors	85
8.2 New Product Launch, Partnership, Investment, and M&A	88
8.3 Company Profiles	89
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG)	89
BP PLC	91
Bunker Holding A/S	92
Chevron Corporation	93
China COSCO Shipping Corporation Limited	94
Clipper Oil	95
Evergreen Marine Corp Taiwan Ltd.	96
Exxon Mobil Corporation	97
Fuel Suppliers	98
Gazprom Marine Bunker LLC	99
Gulf Agency Company Ltd.	100
Neste Corporation	101
Pacific International Lines Pte Ltd.	102
PJSC (Lukoil Oil Company)	103
Shell Plc	104
TotalEnergies SE	105
World Fuel Services Corporation	106
Yang Ming Marine Transport Corporation	107
RELATED REPORTS	108
List of Tables:

Table 1.  Snapshot of Europe 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 Europe Bunker Fuel Market	34
Table 6. Europe Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	42
Table 7. Europe Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn	51
Table 8. Europe Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	56
Table 9. Europe Bunker Fuel Market by Seller Type, 2022-2032, $ mn	63
Table 10. Europe Bunker Fuel Market by Country, 2022-2032, $ mn	70
Table 11. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	72
Table 12. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	72
Table 13. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn	72
Table 14. U.K. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	74
Table 15. U.K. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	74
Table 16. U.K. Bunker Fuel Market by Seller Type, 2022-2032, $ mn	74
Table 17. Norway Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	76
Table 18. Norway Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	76
Table 19. Norway Bunker Fuel Market by Seller Type, 2022-2032, $ mn	76
Table 20. Spain Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	78
Table 21. Spain Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	78
Table 22. Spain Bunker Fuel Market by Seller Type, 2022-2032, $ mn	78
Table 23. Italy Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	80
Table 24. Italy Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	80
Table 25. Italy Bunker Fuel Market by Seller Type, 2022-2032, $ mn	80
Table 26. Netherlands Bunker Fuel Market by Fuel Type, 2022-2032, $ mn	82
Table 27. Netherlands Bunker Fuel Market by Vessel Type, 2022-2032, $ mn	82
Table 28. Netherlands Bunker Fuel Market by Seller Type, 2022-2032, $ mn	82
Table 29. Bunker Fuel Market in Rest of Europe by Country, 2022-2032, $ mn	84
Table 30. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot	89
Table 31. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation	90
Table 32. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio	90
List of Figures:

Figure 1. Research Method Flow Chart	11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation	14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032	16
Figure 4. Europe Bunker Fuel Market, 2022-2032, $ mn	19
Figure 5. Impact of COVID-19 on Business	23
Figure 6. Primary Drivers and Impact Factors of Europe 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 Europe Bunker Fuel Market	31
Figure 11. Investment Opportunity Analysis	35
Figure 12. Porter’s Fiver Forces Analysis of Europe Bunker Fuel Market	38
Figure 13. Breakdown of Europe Bunker Fuel Market by Fuel Type, 2022-2032, % of Revenue	43
Figure 14. Europe Addressable Market Cap in 2023-2032 by Fuel Type, Value ($ mn) and Share (%)	43
Figure 15. Europe Bunker Fuel Market by Fuel Type: Very Low Sulfur Fuel Oil (VLSFO), 2022-2032, $ mn	44
Figure 16. Europe 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. Europe Bunker Fuel Market by Fuel Type: Marine Gas Oil (MGO), 2022-2032, $ mn	47
Figure 19. Europe 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. Europe Bunker Fuel Market by Fuel Type: Other Fuel Types, 2022-2032, $ mn	50
Figure 23. Breakdown of Europe Bunker Fuel Market by Fuel Grade, 2022-2032, % of Sales Revenue	52
Figure 24. Europe Addressable Market Cap in 2023-2032 by Fuel Grade, Value ($ mn) and Share (%)	52
Figure 25. Europe Bunker Fuel Market by Fuel Grade: Bunker A, 2022-2032, $ mn	53
Figure 26. Europe Bunker Fuel Market by Fuel Grade: Bunker B, 2022-2032, $ mn	54
Figure 27. Europe Bunker Fuel Market by Fuel Grade: Bunker C, 2022-2032, $ mn	55
Figure 28. Breakdown of Europe Bunker Fuel Market by Vessel Type, 2022-2032, % of Sales Revenue	57
Figure 29. Europe Addressable Market Cap in 2023-2032 by Vessel Type, Value ($ mn) and Share (%)	57
Figure 30. Europe Bunker Fuel Market by Vessel Type: Bulk Carriers, 2022-2032, $ mn	58
Figure 31. Europe Bunker Fuel Market by Vessel Type: Tankers, 2022-2032, $ mn	59
Figure 32. Europe Bunker Fuel Market by Vessel Type: Containers, 2022-2032, $ mn	60
Figure 33. Europe Bunker Fuel Market by Vessel Type: General Cargo, 2022-2032, $ mn	61
Figure 34. Europe Bunker Fuel Market by Vessel Type: Other Vessel Types, 2022-2032, $ mn	62
Figure 35. Breakdown of Europe Bunker Fuel Market by Seller Type, 2022-2032, % of Revenue	64
Figure 36. Europe Addressable Market Cap in 2023-2032 by Seller Type, Value ($ mn) and Share (%)	64
Figure 37. Europe Bunker Fuel Market by Seller Type: Major Oil Companies, 2022-2032, $ mn	65
Figure 38. Europe Bunker Fuel Market by Seller Type: Leading Independent Sellers, 2022-2032, $ mn	66
Figure 39. Europe Bunker Fuel Market by Seller Type: Small Independent Sellers, 2022-2032, $ mn	67
Figure 40. Breakdown of European Bunker Fuel Market by Country, 2022 and 2032, % of Revenue	69
Figure 41. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)	70
Figure 42.  Bunker Fuel Market in Germany, 2022-2032, $ mn	71
Figure 43.  Bunker Fuel Market in U.K., 2022-2032, $ mn	73
Figure 44.  Bunker Fuel Market in Norway, 2022-2032, $ mn	75
Figure 45.  Bunker Fuel Market in Spain, 2022-2032, $ mn	77
Figure 46.  Bunker Fuel Market in Italy, 2022-2032, $ mn	79
Figure 47.  Bunker Fuel Market in Netherlands, 2022-2032, $ mn	81
Figure 48.  Bunker Fuel Market in Rest of Europe, 2022-2032, $ mn	83
Figure 49. Growth Stage of Europe Bunker Fuel Industry over the Forecast Period	85

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.)