Table of Content

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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia-Pacific Market 2022-2032 by Country 68
7.1 Overview of Asia-Pacific Market 68
7.2 Japan 71
7.3 China 74
7.4 Singapore 76
7.5 India 78
7.6 Malaysia 80
7.7 Rest of APAC Region 82

8 Competitive Landscape 84
8.1 Overview of Key Vendors 84
8.2 New Product Launch, Partnership, Investment, and M&A 87
8.3 Company Profiles 88
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) 88
BP PLC 90
Bunker Holding A/S 91
Chevron Corporation 92
China COSCO Shipping Corporation Limited 93
Clipper Oil 94
Evergreen Marine Corp Taiwan Ltd. 95
Exxon Mobil Corporation 96
Fuel Suppliers 97
Gazprom Marine Bunker LLC 98
Gulf Agency Company Ltd. 99
Neste Corporation 100
Pacific International Lines Pte Ltd. 101
PJSC (Lukoil Oil Company) 102
Shell Plc 103
TotalEnergies SE 104
World Fuel Services Corporation 105
Yang Ming Marine Transport Corporation 106
RELATED REPORTS 107
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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. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Asia Pacific Bunker Fuel Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Asia Pacific 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 Asia Pacific Bunker Fuel Market 31
Figure 11. Investment Opportunity Analysis 35
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Bunker Fuel Market 38
Figure 13. Breakdown of Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, % of Revenue 43
Figure 14. Asia Pacific Addressable Market Cap in 2023-2032 by Fuel Type, Value ($ mn) and Share (%) 43
Figure 15. Asia Pacific Bunker Fuel Market by Fuel Type: Very Low Sulfur Fuel Oil (VLSFO), 2022-2032, $ mn 44
Figure 16. Asia Pacific 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. Asia Pacific Bunker Fuel Market by Fuel Type: Marine Gas Oil (MGO), 2022-2032, $ mn 47
Figure 19. Asia Pacific 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. Asia Pacific Bunker Fuel Market by Fuel Type: Other Fuel Types, 2022-2032, $ mn 50
Figure 23. Breakdown of Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, % of Sales Revenue 52
Figure 24. Asia Pacific Addressable Market Cap in 2023-2032 by Fuel Grade, Value ($ mn) and Share (%) 52
Figure 25. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker A, 2022-2032, $ mn 53
Figure 26. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker B, 2022-2032, $ mn 54
Figure 27. Asia Pacific Bunker Fuel Market by Fuel Grade: Bunker C, 2022-2032, $ mn 55
Figure 28. Breakdown of Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, % of Sales Revenue 57
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by Vessel Type, Value ($ mn) and Share (%) 57
Figure 30. Asia Pacific Bunker Fuel Market by Vessel Type: Bulk Carriers, 2022-2032, $ mn 58
Figure 31. Asia Pacific Bunker Fuel Market by Vessel Type: Tankers, 2022-2032, $ mn 59
Figure 32. Asia Pacific Bunker Fuel Market by Vessel Type: Containers, 2022-2032, $ mn 60
Figure 33. Asia Pacific Bunker Fuel Market by Vessel Type: General Cargo, 2022-2032, $ mn 61
Figure 34. Asia Pacific Bunker Fuel Market by Vessel Type: Other Vessel Types, 2022-2032, $ mn 62
Figure 35. Breakdown of Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, % of Revenue 64
Figure 36. Asia Pacific Addressable Market Cap in 2023-2032 by Seller Type, Value ($ mn) and Share (%) 64
Figure 37. Asia Pacific Bunker Fuel Market by Seller Type: Major Oil Companies, 2022-2032, $ mn 65
Figure 38. Asia Pacific Bunker Fuel Market by Seller Type: Leading Independent Sellers, 2022-2032, $ mn 66
Figure 39. Asia Pacific Bunker Fuel Market by Seller Type: Small Independent Sellers, 2022-2032, $ mn 67
Figure 40. Breakdown of APAC Bunker Fuel Market by Country, 2022 and 2032, % of Revenue 69
Figure 41. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 70
Figure 42. Bunker Fuel Market in Japan, 2022-2032, $ mn 72
Figure 43. Bunker Fuel Market in China, 2022-2032, $ mn 74
Figure 44. Bunker Fuel Market in Singapore, 2022-2032, $ mn 76
Figure 45. Bunker Fuel Market in India, 2022-2032, $ mn 78
Figure 46. Bunker Fuel Market in Malaysia, 2022-2032, $ mn 80
Figure 47. Bunker Fuel Market in Rest of APAC, 2022-2032, $ mn 82
Figure 48. Growth Stage of Asia Pacific Bunker Fuel Industry over the Forecast Period 84

List of Tables



Table 1. Snapshot of Asia Pacific 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 Asia Pacific Bunker Fuel Market 34
Table 6. Asia Pacific Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 42
Table 7. Asia Pacific Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn 51
Table 8. Asia Pacific Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 56
Table 9. Asia Pacific Bunker Fuel Market by Seller Type, 2022-2032, $ mn 63
Table 10. APAC Bunker Fuel Market by Country, 2022-2032, $ mn 69
Table 11. Japan Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 73
Table 12. Japan Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 73
Table 13. Japan Bunker Fuel Market by Seller Type, 2022-2032, $ mn 73
Table 14. China Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 75
Table 15. China Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 75
Table 16. China Bunker Fuel Market by Seller Type, 2022-2032, $ mn 75
Table 17. Singapore Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 77
Table 18. Singapore Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 77
Table 19. Singapore Bunker Fuel Market by Seller Type, 2022-2032, $ mn 77
Table 20. India Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 79
Table 21. India Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 79
Table 22. India Bunker Fuel Market by Seller Type, 2022-2032, $ mn 79
Table 23. Malaysia Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 81
Table 24. Malaysia Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 81
Table 25. Malaysia Bunker Fuel Market by Seller Type, 2022-2032, $ mn 81
Table 26. Bunker Fuel Market in Rest of APAC by Country/Region, 2022-2032, $ mn 83
Table 27. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot 88
Table 28. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation 89
Table 29. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio 89