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Home > Chemical & Material > Bunker Fuel
Bunker Fuel

Bunker Fuel Market in India, Industry Outlook and Forecast 2024-2030

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 c

Report Code2034178
Publish Date2024-01-06
Pages111
CategoryChemical & Material
Chemical & Material

Report Overview

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.

This report contains market size and forecasts of Bunker Fuel in India, highlights the following information:

Sales of Bunker Fuel in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Bunker Fuel in India: Volume 2019 VS 2023 VS 2030, (M MT)

Sales of Bunker Fuel in India: Revenue Market Share by Company, 2019-2024

Sales of Bunker Fuel in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Bunker Fuel will continue to grow rapidly in the future.

The global Bunker Fuel market size was valued at 149900 million in 2023 and is forecast to a readjusted size of US$ 240450 million by 2030, with a CAGR of 6.9% during the forecast period 2024-2030.While the India Bunker Fuel market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Bunker Fuel's global value in 2030, from % in 2023.

Our research team has surveyed the Bunker Fuel manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Bunker Fuel Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (M MT)

India Bunker Fuel Market Segment Percentages, By Type, 2023 (%)

Distillate Fuel Oil

Residual Fuel Oil

LNG

India Bunker Fuel Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (M MT)

India Bunker Fuel Market Segment Percentages, By Application, 2023 (%)

Tanker Vessels

Container Vessels

Bulk Vessels

General Cargo Vessels

Other

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Bunker Fuel revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Bunker Fuel sales in India market, 2019-2024 (Estimated), (M MT)

Further, the report presents profiles of competitors in the market, key players include:

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 growth

Market Size Overview

USD Million

-

2026

-

2032

-

CAGR (2024-2032)
MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific

Key Market Segmentation

By Purity Level
By Purity Level
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By Region
By Region
  • North America
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  • Asia Pacific
  • Latin America
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Regional Market Insights

worldmap
Asia Pacific
Asia Pacific

China, Japan, South Korea, Southeast Asia, India

North America
North America

U.S., Canada, Mexico

Europe
Europe

Germany, France, UK, Italy

South America
South America

Brazil, etc.

Middle East and Africa
Middle East and Africa

Turkey, GCC Countries, Africa, etc.

Global Perspective. Local Insight.

Our reports deliver comprehensive regional coverage to help you understand market dynamics, identify growth opportunities, and make informed decisions.

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