벙커 연료 시장 : 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Bunker Fuel Market was valued at USD 162.4 billion in 2024 and is estimated to grow at a CAGR of 5.6% to reach USD 281.6 billion by 2034.

The growth of the industry is primarily driven by an increase in seaborne trade, ongoing advancements in vessel technology, and improvements in fuel consumption efficiency. As shipping operations strive to become more sustainable, there is a notable shift toward cleaner fuel sources, driven by tighter environmental regulations like the FuelEU Maritime regulation. These regulations are aimed at reducing carbon emissions within the shipping industry, which is increasingly focused on environmental compliance and reducing its carbon footprint. Technological innovations, such as more aerodynamic hull designs and advanced propulsion systems, also contribute to fuel efficiency and help reduce the operational costs and environmental impact of maritime transportation. Additionally, expanding offshore and onshore hydrocarbon exploration activities continue to drive demand for bunker fuel, which is essential for powering vessels and enabling port and voyage operations. With climate policies evolving and an increased emphasis on reducing emissions, the shipping industry is steadily transitioning to cleaner fuel alternatives.

In 2024, the very low sulfur fuel oil (VLSFO) segment held a 56.8% share and is expected to grow at a CAGR of 7% through 2034. This segment's growth is driven by the transition to fuels with lower sulfur emissions that cause less environmental harm. VLSFO offers shipowners the benefit of reduced sulfur oxide (SOx) emissions, contributing to improved air quality and operational efficiency. It also ensures compatibility with existing marine engines, enabling a smoother transition without the need for significant retrofitting. Ongoing investments to improve fuel efficiency and comply with stringent emissions standards are expected to bolster the VLSFO market.

The container ships segment held a 31.9% share in 2024 and is anticipated to grow at a CAGR of 5.5% from 2025 to 2034. Container ships are some of the largest fuel consumers in the maritime industry, making the demand for high-quality bunker fuel crucial. This market dominance is largely due to the continuous expansion of global trade, which drives the need for increased maritime transportation and, consequently, greater bunker fuel consumption. Shipping companies, relying heavily on bunker fuel to power large fleets, will continue to drive demand for this essential fuel source.

U.S. Bunker Fuel Market held a share of 86.5% in 2024, generating USD 5.6 billion. The country's robust infrastructure, coupled with an increasing volume of domestic and international trade, has significantly shaped its market dynamics. Infrastructure improvements at ports and enhanced fuel distribution systems have streamlined fuel supply operations. Furthermore, stringent regulations mandating lower sulfur content in marine fuels have played a key role in reshaping the industry's landscape.

Key players operating in the Global Bunker Fuel Market include TotalEnergies, Chevron, Shell, ExxonMobil, Bunker Holding, bp, Hindustan Petroleum Corporation Limited, Gasnor, Repsol, Stena Metall, Gasum, Minerva Bunkering, Gunvor, Eagle LNG, KOREA LNG BUNKERING, Viva Energy, Bomin Bunker, Petrobras, and Innospec. To maintain a competitive edge, companies in the bunker fuel market are focusing on enhancing their global presence by diversifying their fuel offerings, particularly with cleaner, more sustainable options. Many are investing in research and development to improve fuel efficiency and meet new environmental regulations. Some companies are also forging partnerships with shipping firms to secure long-term fuel contracts and increase market share. Others are expanding their infrastructure capabilities, such as fuel storage and distribution networks, to ensure they can meet the growing demand for bunker fuel.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
• 1.2 Market estimates & forecast parameters
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034
• 2.2 Business trends
• 2.3 Product trends
• 2.4 Vessel type trends
• 2.5 Regional trends

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Raw material availability & sourcing analysis
  • 3.1.2 Key factors affecting the value chain
  • 3.1.3 Disruptions
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis
  • 3.6.1 Political factors
  • 3.6.2 Economic factors
  • 3.6.3 Social factors
  • 3.6.4 Technological factors
  • 3.6.5 Legal factors
  • 3.6.6 Environmental factors
• 3.7 Emerging opportunities & trends
  • 3.7.1 Digital transformation with IoT technologies
  • 3.7.2 Emerging market penetration
• 3.8 Investment analysis & future outlook

Chapter 4 Competitive Landscape, 2025

• 4.1 Introduction
• 4.2 Company market share analysis, by region, 2024
  • 4.2.1 North America
  • 4.2.2 Europe
  • 4.2.3 Asia Pacific
  • 4.2.4 Middle East & Africa
  • 4.2.5 Latin America
• 4.3 Strategic initiatives
• 4.4 Competitive benchmarking
• 4.5 Strategic dashboard
• 4.6 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Product, 2021 - 2034 (USD Million)

• 5.1 Key trends
• 5.2 HSFO
• 5.3 VLSFO
• 5.4 MGO
• 5.5 LNG
• 5.6 Others

Chapter 6 Market Size and Forecast, By Vessel Type, 2021 - 2034 (USD Million)

• 6.1 Key trends
• 6.2 Container ships
• 6.3 Tankers
• 6.4 Cargo vessels
• 6.5 Cruise ships
• 6.6 Others

Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 (USD Million)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Netherlands
  • 7.3.4 Spain
  • 7.3.5 Belgium
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 India
  • 7.4.3 Japan
  • 7.4.4 South Korea
  • 7.4.5 Australia
  • 7.4.6 Singapore
• 7.5 Middle East & Africa
  • 7.5.1 UAE
  • 7.5.2 Saudi Arabia
  • 7.5.3 South Africa
  • 7.5.4 Morocco
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina

Chapter 8 Company Profiles

• 8.1 Bomin Bunker
• 8.2 BP
• 8.3 Bunker Holding
• 8.4 Chevron
• 8.5 Minerva Bunkering
• 8.6 Eagle LNG
• 8.7 EVOL LNG
• 8.8 ExxonMobil
• 8.9 Gasnor
• 8.10 Gasum
• 8.11 Gunvor
• 8.12 Hindustan Petroleum Corporation Limited
• 8.13 Innospec
• 8.14 KOREA LNG BUNKERING
• 8.15 Shell
• 8.16 SHV Energy
• 8.17 TotalEnergies
• 8.18 Petrobras
• 8.19 Repsol
• 8.20 Stena Metall
• 8.21 Viva Energy