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North America Bunker Fuel Market


North America 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

Report code: SDMREN1680774 | Industry: Energy Industry | Published On: 1/31/2023


North America bunker fuel market is projected to grow by 5.8% annually in the forecast period and reach $34,510 million by 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 22 tables and 45 figures, this 101-page report “North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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:
• U.S.
• Canada
• Mexico
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.)

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  North  America  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  North  America  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  North  America  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  North  America  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  North  America  Market  2022-2032  by  Country 68
7.1  Overview  of  North  America  Market 68
7.2  U.S. 71
7.3  Canada 74
7.4  Mexico 76
8  Competitive  Landscape 78
8.1  Overview  of  Key  Vendors 78
8.2  New  Product  Launch,  Partnership,  Investment,  and  M&A 81
8.3  Company  Profiles 82
Bomin  Bunker  Holding  GmbH  &  Co.  KG  (Marquard  &  Bahls  AG) 82
BP  PLC 84
Bunker  Holding  A/S 85
Chevron  Corporation 86
China  COSCO  Shipping  Corporation  Limited 87
Clipper  Oil 88
Evergreen  Marine  Corp  Taiwan  Ltd. 89
Exxon  Mobil  Corporation 90
Fuel  Suppliers 91
Gazprom  Marine  Bunker  LLC 92
Gulf  Agency  Company  Ltd. 93
Neste  Corporation 94
Pacific  International  Lines  Pte  Ltd. 95
PJSC  (Lukoil  Oil  Company) 96
Shell  Plc 97
TotalEnergies  SE 98
World  Fuel  Services  Corporation 99
Yang  Ming  Marine  Transport  Corporation 100
RELATED  REPORTS 101
List of Tables:

Table 1. Snapshot of North America 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 North America Bunker Fuel Market 34
Table 6. North America Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 42
Table 7. North America Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn 51
Table 8. North America Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 56
Table 9. North America Bunker Fuel Market by Seller Type, 2022-2032, $ mn 63
Table 10. North America Bunker Fuel Market by Country, 2022-2032, $ mn 69
Table 11. U.S. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 73
Table 12. U.S. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 73
Table 13. U.S. Bunker Fuel Market by Seller Type, 2022-2032, $ mn 73
Table 14. Canada Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 75
Table 15. Canada Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 75
Table 16. Canada Bunker Fuel Market by Seller Type, 2022-2032, $ mn 75
Table 17. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 77
Table 18. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 77
Table 19. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn 77
Table 20. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot 82
Table 21. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation 83
Table 22. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio 83
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