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1756447

極低硫燃料油（VLSFO）市場，按產品類型、應用、最終用戶、國家和地區 - 2025 年至 2032 年全球行業分析、市場規模、市場佔有率和預測

Very Low Sulphur Fuel Oil (VLSFO) Market, By Product Type, By Application, By End-user, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032
出版日期: | 出版商: AnalystView Market Insights | 英文 377 Pages | 商品交期: 2-3個工作天內

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簡介目錄

報告重點

2024 年超低硫燃料油 (VLSFO) 市場規模價值 678.97 億美元，2025 年至 2032 年的複合年成長率為 19.8%。

VLSFO 是透過混合不同的煉油廠原料來生產的，以達到所需的低硫含量，同時保持引擎性能所需的燃料特性。在業界轉向液化天然氣 (LNG) 和替代燃料等更永續的選擇之際，採用 VLSFO 被視為過渡解決方案。它在幫助航運業減少碳足跡、改善港口和沿海地區空氣品質方面發揮著至關重要的作用。然而，對於使用 VLSFO 的營運商來說，其可用性、價格波動性以及與現有引擎的兼容性仍然是重要的考慮因素。總而言之，VLSFO 代表著邁向全球更清潔的航運燃料標準的關鍵一步。

極低硫燃料油（VLSFO）市場-市場動態

國際海事組織硫排放法規更加嚴格，推動了 VLSFO 需求。

極低硫燃料油 (VLSFO) 市場的主要驅動力是國際海事組織 (IMO) 制定的嚴格硫排放法規。這些法規旨在減少船舶的空氣污染，將船用燃料的硫含量限制在 0.5% 或更低。因此，航運公司被迫從傳統的高硫燃料轉向 VLSFO 等更清潔的替代品，以符合這些環境標準。 IMO 的法規在全球範圍內強制執行，影響到幾乎所有商用船舶，這極大地刺激了全球對 VLSFO 的需求。

這些規則旨在減少有害的硫氧化物排放，這些排放會導致酸雨和人類呼吸系統疾病。遵守這些規則有助於航運公司避免巨額罰款和營運限制，使VLSFO成為永續海上營運的必要選擇。向VLSFO的轉變也鼓勵煉油廠創新並生產更清潔的燃料，從而進一步支持市場成長。總體而言，國際海事組織（IMO）的硫含量上限是推動VLSFO市場採用和擴張的關鍵監管驅動力。

極低硫燃料油（VLSFO）市場－關鍵洞察

根據我們的研究分析師的分析，預測期內（2025-2032 年）全球市場預計年複合成長率約為 19.8%。

根據產品類型細分，預計船用瓦斯油將在 2024 年佔據最大市場佔有率

根據應用細分，航運船舶是 2024 年的主要應用

根據最終用戶細分，航運公司是 2024 年最大的最終用戶

按地區分類，亞太地區是 2024 年的主要收入來源

極低硫燃料油（VLSFO）市場-細分分析：

全球極低硫燃料油 (VLSFO) 市場根據產品類型、應用、最終用戶和地區進行細分。

根據產品類型，市場分為三類：船用燃氣油 (MGO)、船用柴油 (MDO) 和其他。按類型分類，極低硫燃料油 (VLSFO) 市場中最主要的細分市場是船用燃氣油 (MGO)。 MGO 因其低硫含量和更清潔的燃燒特性而備受青睞，完全符合國際海事組織 (IMO) 的硫含量規定。與重質燃料相比，MGO 品質更好、更易於操作，因此廣泛用於小型船舶和輔助引擎。 MGO 所需的加工和混合工序也較少，這有助於維持一致的燃料品質。環保船用燃料的需求日益成長，以及全球航線排放標準日益嚴格，推動了 MGO 的普及。

根據應用，市場可分為四類：航運船舶、漁船、近海支援船和其他。超低硫燃料油 (VLSFO) 市場按應用分類的主要細分領域是航運（商用船舶）。該細分領域之所以佔據主導地位，是因為包括貨櫃船、散裝貨船和油輪在內的商用船舶構成了全球海上運輸的最大組成部分。這些船舶必須遵守嚴格的國際法規以減少硫排放，因此它們不得不轉向使用 VLSFO 以保持合規。商用航運的高油耗也擴大了對 VLSFO 等清潔燃料的需求。此外，在營運效率和環境責任之間取得平衡的迫切需求也使該細分領域成為市場的主要消費者。

極低硫燃料油（VLSFO）市場-地理洞察

在亞太地區 (APAC)，由於其龐大的航運業和繁忙的港口活動，極低硫燃料油 (VLSFO) 市場正在經歷顯著成長。亞太地區擁有全球一些最繁忙的海上貿易航線，對 VLSFO 等合規燃料的需求強勁。該地區各國正積極遵循國際海事組織的含硫法規，推動航運公司轉向低硫替代品。亞太地區擁有主要的煉油樞紐和港口，這為 VLSFO 的供應提供了支持。此外，日益增強的環保意識和政府為減少海洋污染所採取的措施進一步鼓勵了清潔燃料的使用。然而，燃料價格波動和混合複雜性等挑戰仍然存在。總體而言，由於亞太地區在全球航運和法規合規方面具有戰略重要性，因此是 VLSFO 的關鍵市場。

中國航運活動廣泛，且是全球最大的貿易國之一，因此在極低硫燃料油 (VLSFO) 市場中扮演著至關重要的角色。中國實施了嚴格的法規，以確保符合國際海事組織的含硫量限制。中國強大的煉油能力使其能夠大量生產和調配 VLSFO，從而滿足國內外需求。此外，日益完善的環境政策和減少海洋污染的努力推動中國港口採用更清潔的燃料。監管壓力和強勁的海上貿易共同鞏固了中國在 VLSFO 市場的重要地位。

極低硫燃料油（VLSFO）市場-競爭格局：

極低硫燃料油 (VLSFO) 市場的競爭格局主要體現在幾家全球大型石油和能源公司的存在，它們在生產、煉油和終端用戶方面佔據主導地位。這些公司高度重視煉油能力，以生產符合國際海事組織 (IMO) 規定的合規性低硫燃料。競爭的促進因素包括燃料品質、供應情況、定價策略以及向全球主要航運樞紐供應 VLSFO 的能力。

公司也在研發方面投入資金，以改進燃料配方和混合技術，從而提高引擎相容性和性能。為了確保市場佔有率，與航運公司和港口建立策略合作夥伴關係和簽訂供應協議已成為常態。此外，各公司正在擴大其煉油基礎設施，尤其是在亞太等關鍵地區，以滿足日益成長的需求。市場正在不斷發展變化，對永續性的關注度不斷提高，這促使競爭對手在極低硫燃油 (VLSFO) 之外探索替代船用燃料。整體而言，競爭環境瞬息萬變，各大煉油廠都在努力平衡法規合規性、成本效益和環境影響，以維持在該領域的領先地位。

最新動態：

2025年5月，馬士基能源市場與Chane達成供應協議，從其鹿特丹工廠採購超低硫燃料油（ULSFO）。該協議的簽署源自於國際海事組織（IMO）新規，該規定將地中海指定為排放控制區（ECA），要求船舶使用含硫量降至0.1%的清潔燃料。

目錄

第1章：極低硫燃料油（VLSFO）市場概覽

  • 研究範圍
  • 市場估計年限

第2章：執行摘要

  • 市場片段
    • 極低硫燃料油（VLSFO）市場摘要（依產品類型）
    • 極低硫燃料油（VLSFO）市場片段（依應用）
    • 極低硫燃料油（VLSFO）市場片段（依最終用戶）
    • 極低硫燃料油（VLSFO）市場（按國家/地區）
    • 極低硫燃料油（VLSFO）市場（按地區）
  • 競爭洞察

第3章：極低硫燃料油（VLSFO）主要市場趨勢

  • 極低硫燃料油（VLSFO）市場促進因素
    • 市場促進因素的影響分析
  • 極低硫燃料油（VLSFO）市場限制
    • 市場限制的影響分析
  • 極低硫燃料油（VLSFO）市場機會
  • 極低硫燃料油（VLSFO）市場未來趨勢

第4章：極低硫燃料油（VLSFO）產業研究

  • PEST分析
  • 波特五力分析
  • 成長前景圖
  • 規範架構分析

第5章：極低硫燃料油（VLSFO）市場：地緣政治緊張局勢升級的影響

  • COVID-19 疫情的影響
  • 俄烏戰爭的影響
  • 中東衝突的影響

第6章：極低硫燃料油（VLSFO）市場格局

  • 2024年極低硫燃料油（VLSFO）市場佔有率分析
  • 按主要製造商分類的細分數據
    • 成熟玩家分析
    • 新興企業分析

第7章：極低硫燃料油（VLSFO）市場－依產品類型

  • 概述
    • 按產品類型分類的細分市場佔有率分析
    • 船用柴油（MGO）
    • 船用柴油（MDO）
    • 其他

第8章：極低硫燃料油（VLSFO）市場－依應用

  • 概述
    • 按應用細分市場佔有率分析
    • 航運船舶
    • 漁船
    • 離岸支援船
    • 其他

第9章：極低硫燃料油（VLSFO）市場－按最終用戶

  • 概述
    • 按最終用戶細分的佔有率分析
    • 船運公司
    • 港務局
    • 海上石油和天然氣產業
    • 其他

第10章：極低硫燃料油（VLSFO）市場－按地區分類

  • 介紹
    • 按地區分類的細分市場佔有率分析
  • 北美洲
    • 概述
    • 北美極低硫燃料油（VLSFO）主要製造商
    • 北美市場規模及預測（按國家/地區）
    • 北美市場規模和預測（按產品類型）
    • 北美市場規模和預測（按應用）
    • 北美市場規模及預測（按最終用戶）
    • 美國
    • 加拿大
  • 歐洲
    • 概述
    • 歐洲極低硫燃料油（VLSFO）主要製造商
    • 歐洲市場規模及預測（按國家/地區）
    • 歐洲市場規模和預測（按產品類型）
    • 歐洲市場規模和預測，按應用
    • 歐洲市場規模及預測（按最終用戶）
    • 德國
    • 英國
    • 法國
    • 義大利
    • 西班牙
    • 荷蘭
    • 瑞典
    • 俄羅斯
    • 波蘭
    • 歐洲其他地區
  • 亞太地區 (APAC)
    • 概述
    • 亞太地區極低硫燃料油（VLSFO）主要製造商
    • 亞太地區市場規模及預測（依國家）
    • 亞太地區市場規模及預測（依產品類型）
    • 亞太地區市場規模及預測（按應用）
    • 亞太地區市場規模及預測（依最終用戶）
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲
    • 印尼
    • 泰國
    • 菲律賓
    • 亞太地區其他地區
  • 拉丁美洲（LATAM）
    • 概述
    • 拉丁美洲極低硫燃料油（VLSFO）主要製造商
    • 拉丁美洲市場規模及預測（按國家/地區）
    • 拉丁美洲市場規模及預測（依產品類型）
    • 拉丁美洲市場規模及預測（按應用）
    • 拉丁美洲市場規模及預測（按最終用戶）
    • 巴西
    • 墨西哥
    • 阿根廷
    • 哥倫比亞
    • 拉丁美洲其他地區
  • 中東和非洲（MEA）
    • 概述
    • 中東和非洲極低硫燃料油（VLSFO）主要製造商
    • MEA 市場規模及預測（依國家/地區）
    • MEA 市場規模及預測（依產品類型）
    • MEA 市場規模及預測（按應用）
    • MEA 市場規模及預測（依最終用戶）
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 以色列
    • 土耳其
    • 阿爾及利亞
    • 埃及
    • MEA 其餘地區

第 11 章：關鍵供應商分析 - 極低硫燃料油 (VLSFO) 產業

  • 競爭儀錶板
    • Competitive Benchmarking
    • Competitive Positioning
  • 公司簡介
    • ExxonMobil
    • Shell
    • Chevron
    • BP
    • TotalEnergies
    • Sinopec
    • Valero Energy
    • Indian Oil Corporation
    • Marathon Petroleum
    • Lukoil
    • Petroleos de Venezuela
    • Equinor
    • Petronas
    • Repsol
    • Eni
    • Gazprom Neft
    • Royal Dutch Shell
    • SK Innovation

第 12 章：360 度分析師視角

第 13 章：附錄

  • 研究方法
  • 參考
  • 縮寫
  • 免責聲明
  • 聯絡我們
簡介目錄
Product Code: ANV5250

REPORT HIGHLIGHT

Very Low Sulphur Fuel Oil (VLSFO) Market size was valued at US$ 67,897 Million in 2024, expanding at a CAGR of 19.8% from 2025 to 2032.

Very Low Sulphur Fuel Oil (VLSFO) is a type of marine fuel designed to comply with strict environmental regulations that limit the amount of sulfur content in ship fuels. It is used primarily by the shipping industry to reduce air pollution caused by sulfur oxides emissions, which are harmful to both the environment and human health. VLSFO typically contains sulfur content of 0.5% or less, making it a cleaner alternative to traditional heavy fuel oils. This fuel helps shipping companies meet the International Maritime Organization's (IMO) sulfur cap regulations introduced to curb the environmental impact of shipping.

VLSFO is produced by blending different refinery streams to achieve the desired low sulfur content while maintaining the required fuel properties for engine performance. The adoption of VLSFO is seen as a transitional solution while the industry moves towards more sustainable options like liquefied natural gas (LNG) and alternative fuels. It plays a crucial role in helping the maritime sector reduce its carbon footprint and improve air quality near ports and coastal areas. However, the availability, price volatility, and compatibility with existing engines remain important considerations for operators using VLSFO. Overall, VLSFO represents a key step toward cleaner shipping fuel standards globally.

Very Low Sulphur Fuel Oil (VLSFO) Market- Market Dynamics

Stricter International Maritime Organization sulfur emission regulations driving VLSFO demand.

The primary driver for the Very Low Sulphur Fuel Oil (VLSFO) market is the stringent sulfur emission regulations set by the International Maritime Organization (IMO). These regulations, aimed at reducing air pollution from ships, limit the sulfur content in marine fuels to 0.5% or less. As a result, shipping companies are compelled to switch from traditional high-sulfur fuels to cleaner alternatives like VLSFO to comply with these environmental standards. The IMO's regulations are globally enforced, affecting almost all commercial vessels, which significantly boosts the demand for VLSFO worldwide.

These rules are designed to reduce harmful sulfur oxide emissions, which contribute to acid rain and respiratory problems in humans. Compliance helps shipping companies avoid heavy fines and operational restrictions, making VLSFO an essential choice for sustainable marine operations. The shift to VLSFO also encourages refiners to innovate and produce cleaner fuels, further supporting the market's growth. Overall, the IMO sulfur cap is a critical regulatory driver pushing the adoption and expansion of the VLSFO market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 19.8% over the forecast period (2025-2032)

Based on product type segmentation, Marine Gas Oil was predicted to show maximum market share in the year 2024

Based on application segmentation, Shipping Vessels was the leading application in 2024

Based on end-user segmentation, Shipping Companies was the leading end-user in 2024

On the basis of region, Asia Pacific was the leading revenue generator in 2024

Very Low Sulphur Fuel Oil (VLSFO) Market- Segmentation Analysis:

The Global Very Low Sulphur Fuel Oil (VLSFO) Market is segmented on the basis of Product Type, Application, End-user, and Region.

The market is divided into three categories based on product type: Marine Gas Oil (MGO), Marine Diesel Oil (MDO), and Others. The most dominant segment in the Very Low Sulphur Fuel Oil (VLSFO) market by type is Marine Gas Oil (MGO). MGO is favored because of its low sulfur content and cleaner combustion properties, making it fully compliant with IMO sulfur regulations. It is widely used in smaller vessels and auxiliary engines due to its better quality and ease of handling compared to heavier fuels. MGO also requires less processing and blending, which helps maintain consistent fuel quality. Its popularity is driven by the increasing demand for environmentally friendly marine fuels and stricter emission standards across global shipping routes.

The market is divided into four categories based on application: Shipping Vessels, Fishing Vessels, Offshore Support Vessels, Others. The dominant segment by application in the Very Low Sulphur Fuel Oil (VLSFO) market is Shipping (Commercial Vessels). This segment leads because commercial vessels, including container ships, bulk carriers, and tankers, make up the largest portion of global maritime traffic. These vessels are subject to strict international regulations to reduce sulfur emissions, driving their shift to VLSFO to remain compliant. The high fuel consumption of commercial shipping amplifies the demand for cleaner fuels like VLSFO. Additionally, the critical need to balance operational efficiency with environmental responsibility makes this segment the primary consumer in the market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Geographical Insights

In the Asia-Pacific (APAC) region, the Very Low Sulphur Fuel Oil (VLSFO) market is experiencing significant growth due to the region's large shipping industry and busy port activities. APAC is home to some of the world's busiest maritime trade routes, driving strong demand for compliant fuels like VLSFO. Countries in this region are actively adopting the International Maritime Organization's sulfur regulations, pushing shipping companies to switch to low-sulfur alternatives. The presence of major refining hubs and ports in APAC supports the availability and supply of VLSFO. Additionally, growing environmental awareness and government initiatives to reduce marine pollution further encourage the use of cleaner fuels. However, challenges such as fuel price fluctuations and blending complexities remain. Overall, APAC is a key market for VLSFO due to its strategic importance in global shipping and regulatory compliance.

China plays a crucial role in the Very Low Sulphur Fuel Oil (VLSFO) market due to its extensive shipping activities and status as one of the world's largest trading nations. The country has implemented strict regulations to ensure compliance with the International Maritime Organization's sulfur limits. China's large refining capacity enables significant production and blending of VLSFO, supporting both domestic and international demand. Additionally, growing environmental policies and efforts to reduce maritime pollution drive the adoption of cleaner fuels in Chinese ports. The combination of regulatory pressure and strong maritime trade sustains China's important position in the VLSFO market.

Very Low Sulphur Fuel Oil (VLSFO) Market- Competitive Landscape:

The competitive landscape of the Very Low Sulphur Fuel Oil (VLSFO) market is characterized by the presence of several major global oil and energy companies that dominate production, refining, and End-user. These players focus heavily on refining capabilities to produce compliant low-sulfur fuels that meet the International Maritime Organization's regulations. Competition is driven by factors such as fuel quality, availability, pricing strategies, and the ability to supply VLSFO to major shipping hubs worldwide.

Companies are also investing in research and development to improve fuel formulations and blending techniques to enhance engine compatibility and performance. Strategic partnerships and supply agreements with shipping companies and ports are common to secure market share. Additionally, firms are expanding their refining infrastructure, particularly in key regions like Asia-Pacific, to meet growing demand. The market is evolving with increased focus on sustainability, pushing competitors to explore alternative marine fuels alongside VLSFO. Overall, the competitive environment is dynamic, with major refiners striving to balance regulatory compliance, cost efficiency, and environmental impact to maintain leadership in this space.

Recent Developments:

In May 2025, Maersk Energy Markets secured a supply deal with Chane to procure ultra-low sulfur fuel oil (ULSFO) from its Rotterdam plant. This agreement was driven by new International Maritime Organization regulations designating the Mediterranean Sea as an Emission Control Area (ECA), requiring ships to use cleaner fuels with sulfur content reduced to 0.1%.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

  • ExxonMobil
  • Shell
  • Chevron
  • BP
  • TotalEnergies
  • Sinopec
  • Valero Energy
  • Indian Oil Corporation
  • Marathon Petroleum
  • Lukoil
  • Petroleos de Venezuela
  • Equinor
  • Petronas
  • Repsol
  • Eni
  • Gazprom Neft
  • Royal Dutch Shell
  • SK Innovation

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

  • Marine Gas Oil (MGO)
  • Marine Diesel Oil (MDO)
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

  • Shipping Vessels
  • Fishing Vessels
  • Offshore Support Vessels
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

  • Shipping Companies
  • Port Authorities
  • Offshore Oil & Gas Industry
  • Others

GLOBAL VERY LOW SULPHUR FUEL OIL (VLSFO) MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • The Netherlands
  • Sweden
  • Russia
  • Poland
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of LATAM
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Turkey
  • Algeria
  • Egypt
  • Rest of MEA

Table of Contents

1. Very Low Sulphur Fuel Oil (VLSFO) Market Overview

  • 1.1. Study Scope
  • 1.2. Market Estimation Years

2. Executive Summary

  • 2.1. Market Snippet
    • 2.1.1. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Product Type
    • 2.1.2. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Application
    • 2.1.3. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by End-user
    • 2.1.4. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Country
    • 2.1.5. Very Low Sulphur Fuel Oil (VLSFO) Market Snippet by Region
  • 2.2. Competitive Insights

3. Very Low Sulphur Fuel Oil (VLSFO) Key Market Trends

  • 3.1. Very Low Sulphur Fuel Oil (VLSFO) Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Very Low Sulphur Fuel Oil (VLSFO) Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Very Low Sulphur Fuel Oil (VLSFO) Market Opportunities
  • 3.4. Very Low Sulphur Fuel Oil (VLSFO) Market Future Trends

4. Very Low Sulphur Fuel Oil (VLSFO) Industry Study

  • 4.1. PEST Analysis
  • 4.2. Porter's Five Forces Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis

5. Very Low Sulphur Fuel Oil (VLSFO) Market: Impact of Escalating Geopolitical Tensions

  • 5.1. Impact of COVID-19 Pandemic
  • 5.2. Impact of Russia-Ukraine War
  • 5.3. Impact of Middle East Conflicts

6. Very Low Sulphur Fuel Oil (VLSFO) Market Landscape

  • 6.1. Very Low Sulphur Fuel Oil (VLSFO) Market Share Analysis, 2024
  • 6.2. Breakdown Data, by Key Manufacturer
    • 6.2.1. Established Players' Analysis
    • 6.2.2. Emerging Players' Analysis

7. Very Low Sulphur Fuel Oil (VLSFO) Market - By Product Type

  • 7.1. Overview
    • 7.1.1. Segment Share Analysis, By Product Type, 2024 & 2032 (%)
    • 7.1.2. Marine Gas Oil (MGO)
    • 7.1.3. Marine Diesel Oil (MDO)
    • 7.1.4. Others

8. Very Low Sulphur Fuel Oil (VLSFO) Market - By Application

  • 8.1. Overview
    • 8.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
    • 8.1.2. Shipping Vessels
    • 8.1.3. Fishing Vessels
    • 8.1.4. Offshore Support Vessels
    • 8.1.5. Others

9. Very Low Sulphur Fuel Oil (VLSFO) Market - By End-user

  • 9.1. Overview
    • 9.1.1. Segment Share Analysis, By End-user, 2024 & 2032 (%)
    • 9.1.2. Shipping Companies
    • 9.1.3. Port Authorities
    • 9.1.4. Offshore Oil & Gas Industry
    • 9.1.5. Others

10. Very Low Sulphur Fuel Oil (VLSFO) Market- By Geography

  • 10.1. Introduction
    • 10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
  • 10.2. North America
    • 10.2.1. Overview
    • 10.2.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in North America
    • 10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.2.4. North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.2.6. North America Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.2.7. U.S.
      • 10.2.7.1. Overview
      • 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.2.7.3. U.S. Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.2.7.4. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.2.7.5. U.S. Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.2.8. Canada
      • 10.2.8.1. Overview
      • 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.2.8.3. Canada Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.2.8.4. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.2.8.5. Canada Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.3. Europe
    • 10.3.1. Overview
    • 10.3.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Europe
    • 10.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.3.4. Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.3.5. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.3.6. Europe Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.7. Germany
      • 10.3.7.1. Overview
      • 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.7.3. Germany Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.7.4. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.7.5. Germany Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.8. UK
      • 10.3.8.1. Overview
      • 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.8.3. UK Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.8.4. UK Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.8.5. UK Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.9. France
      • 10.3.9.1. Overview
      • 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.9.3. France Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.9.4. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.9.5. France Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.10. Italy
      • 10.3.10.1. Overview
      • 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.10.3. Italy Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.10.4. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.10.5. Italy Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.11. Spain
      • 10.3.11.1. Overview
      • 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.11.3. Spain Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.11.4. Spain Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.11.5. Spain Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.12. The Netherlands
      • 10.3.12.1. Overview
      • 10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.12.3. The Netherlands Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.12.4. The Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.12.5. The Netherlands Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.13. Sweden
      • 10.3.13.1. Overview
      • 10.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.13.3. Sweden Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.13.4. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.13.5. Sweden Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.14. Russia
      • 10.3.14.1. Overview
      • 10.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.14.3. Russia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.14.4. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.14.5. Russia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.15. Poland
      • 10.3.15.1. Overview
      • 10.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.15.3. Poland Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.15.4. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.15.5. Poland Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.3.16. Rest of Europe
      • 10.3.16.1. Overview
      • 10.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.3.16.3. Rest of the Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.3.16.4. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.3.16.5. Rest of the Europe Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.4. Asia Pacific (APAC)
    • 10.4.1. Overview
    • 10.4.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Asia Pacific
    • 10.4.3. APAC Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.4.4. APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.4.5. APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.4.6. APAC Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.7. China
      • 10.4.7.1. Overview
      • 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.7.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.7.5. China Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.8. India
      • 10.4.8.1. Overview
      • 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.8.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.8.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.8.5. India Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.9. Japan
      • 10.4.9.1. Overview
      • 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.9.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.9.5. Japan Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.10. South Korea
      • 10.4.10.1. Overview
      • 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.10.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.10.5. South Korea Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.11. Australia
      • 10.4.11.1. Overview
      • 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.11.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.11.5. Australia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.12. Indonesia
      • 10.4.12.1. Overview
      • 10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.12.5. Indonesia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.13. Thailand
      • 10.4.13.1. Overview
      • 10.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.13.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.13.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.13.5. Thailand Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.14. Philippines
      • 10.4.14.1. Overview
      • 10.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.14.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.14.5. Philippines Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.4.15. Rest of APAC
      • 10.4.15.1. Overview
      • 10.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.4.15.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.4.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.4.15.5. Rest of APAC Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.5. Latin America (LATAM)
    • 10.5.1. Overview
    • 10.5.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Latin America
    • 10.5.3. LATAM Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.5.4. LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.5.5. LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.5.6. LATAM Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.7. Brazil
      • 10.5.7.1. Overview
      • 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.7.3. Brazil Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.7.4. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.7.5. Brazil Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.8. Mexico
      • 10.5.8.1. Overview
      • 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.8.3. Mexico Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.8.4. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.8.5. Mexico Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.9. Argentina
      • 10.5.9.1. Overview
      • 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.9.3. Argentina Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.9.4. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.9.5. Argentina Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.10. Colombia
      • 10.5.10.1. Overview
      • 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.10.3. Colombia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.10.4. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.10.5. Colombia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.5.11. Rest of LATAM
      • 10.5.11.1. Overview
      • 10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.5.11.3. Rest of LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.5.11.4. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.5.11.5. Rest of LATAM Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
  • 10.6. Middle East and Africa (MEA)
    • 10.6.1. Overview
    • 10.6.2. Very Low Sulphur Fuel Oil (VLSFO) Key Manufacturers in Middle East and Africa
    • 10.6.3. MEA Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
    • 10.6.4. MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
    • 10.6.5. MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
    • 10.6.6. MEA Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.7. Saudi Arabia
      • 10.6.7.1. Overview
      • 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.7.3. Saudi Arabia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.7.4. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.8. UAE
      • 10.6.8.1. Overview
      • 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.8.3. UAE Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.8.4. UAE Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.8.5. UAE Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.9. Israel
      • 10.6.9.1. Overview
      • 10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.9.3. Israel Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.9.4. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.9.5. Israel Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.10. Turkey
      • 10.6.10.1. Overview
      • 10.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.10.3. Turkey Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.10.4. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.10.5. Turkey Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.11. Algeria
      • 10.6.11.1. Overview
      • 10.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.11.3. Algeria Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.11.4. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.11.5. Algeria Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.12. Egypt
      • 10.6.12.1. Overview
      • 10.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.12.3. Egypt Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.12.4. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.12.5. Egypt Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)
    • 10.6.13. Rest of MEA
      • 10.6.13.1. Overview
      • 10.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
      • 10.6.13.3. Rest of MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
      • 10.6.13.4. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
      • 10.6.13.5. Rest of MEA Market Size and Forecast, By End-user, 2019 - 2032 (US$ Million)

11. Key Vendor Analysis- Very Low Sulphur Fuel Oil (VLSFO) Industry

  • 11.1. Competitive Dashboard
    • 11.1.1. Competitive Benchmarking
    • 11.1.2. Competitive Positioning
  • 11.2. Company Profiles
    • 11.2.1. ExxonMobil
    • 11.2.2. Shell
    • 11.2.3. Chevron
    • 11.2.4. BP
    • 11.2.5. TotalEnergies
    • 11.2.6. Sinopec
    • 11.2.7. Valero Energy
    • 11.2.8. Indian Oil Corporation
    • 11.2.9. Marathon Petroleum
    • 11.2.10. Lukoil
    • 11.2.11. Petroleos de Venezuela
    • 11.2.12. Equinor
    • 11.2.13. Petronas
    • 11.2.14. Repsol
    • 11.2.15. Eni
    • 11.2.16. Gazprom Neft
    • 11.2.17. Royal Dutch Shell
    • 11.2.18. SK Innovation

12. 360 Degree AnalystView

13. Appendix

  • 13.1. Research Methodology
  • 13.2. References
  • 13.3. Abbreviations
  • 13.4. Disclaimer
  • 13.5. Contact Us