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
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