Global Sustainable Marine Fuel Market

Report Code: EGY198A

Publish Date: Jun 2024

Publisher: BCC Publishing

Category: Energy

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Report Highlights

This report provides an overview of the global sustainable marine fuel market. It presents market analysis based on fuel type, vessel type, and region. The report also provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front.

Report Includes

  • An overview of the current and future global markets for sustainable marine fuels in the shipping industry
  • Analyses of global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, projected CAGRs through 2028
  • Estimates of the market size and revenue forecasts for the global sustainable marine fuel market, with market share analysis based on the fuel type, vessel type, and region
  • Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
  • Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG rankings, and consumer attitudes
  • Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
  • Profiles of the leading companies

Report Scope

The global sustainable marine fuel market determines the segments by fuel type, vessel type, and regional market analysis. The market sizing has been provided in value ($ millions) and volume (thousand tons). The report also covers competitive intelligence, which covers the ranking of prominent companies based on their product offerings in the sustainable marine fuel industry. The report provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front. The report covers SWOT analysis, Porter’s Five Forces analysis, and market dynamics. It also provides details of emerging technologies and developments happening globally in the sustainable marine fuel industry.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $216.5 million
Market size forecast $3.4 billion
Growth rate CAGR of 59.4% from 2023 to 2028
Units considered $ Millions (By value) and Thousand Tons (By volume)
Segments covered By Fuel Type, Vessel Type, and Region
Regions covered Asia-Pacific (APAC), Europe, North America, Middle East and Africa (MEA) and South America
Key Market Drivers
  • Favorable Government Policies
  • Green Ammonia as Shipping Fuel
  • Environmental Policies and Incentives
Companies studied
BP P.L.C.CARGILL INC.
CHEVRON RENEWABLE ENERGY GROUPDS DANSUK
EXXON MOBIL CORP.GOODFUELS (FINCOENERGIES)
NESTESHELL PLC
TOTALENERGIESUPM
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Frequently Asked Questions (FAQs)

The market is projected to grow from $216.5 million in 2022 to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 59.4% during the forecast period.
The increasing need for decarbonization of the marine industry, favorable government policies, and stringent environmental policies and incentives are key factors driving the market.
The segments covered in the market are fuel type and vessel type. The fuel type segmentation includes biofuel, bio-methanol, ammonia, and hydrogen. The vessel type segmentation includes containership, bulk carriers, oil tankers and others.
The containership segment will dominate the market by the end of 2028.
The biofuel segment will dominate the market by the end of 2028.
The market has been classified into five regions, namely Asia-Pacific, North America, Europe, MEA, and South America. Asia-Pacific holds the highest market share due to the growing seaborne trade by ports located in the region. Also, the increasing GHG emissions in the Countries such as China, India are accelerating the demand for clean fuel technologies.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Global Sustainable Marine Fuel Market87Free

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Global Sustainable Marine Fuel Market
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