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市场调查报告书
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1756447

极低硫燃料油（VLSFO）市场，按产品类型、应用、最终用户、国家和地区 - 2025 年至 2032 年全球行业分析、市场规模、市场份额和预测

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个工作天内

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简介目录

报告重点

2024 年超低硫燃料油 (VLSFO) 市场规模价值 678.97 亿美元，2025 年至 2032 年的复合年增长率为 19.8%。

VLSFO 是透过混合不同的炼油厂原料来生产的，以达到所需的低硫含量，同时保持引擎性能所需的燃料特性。在业界转向液化天然气 (LNG) 和替代燃料等更永续的选择之际，采用 VLSFO 被视为过渡解决方案。它在帮助航运业减少碳足迹、改善港口和沿海地区空气品质方面发挥着至关重要的作用。然而，对于使用 VLSFO 的营运商来说，其可用性、价格波动性以及与现有引擎的兼容性仍然是重要的考虑因素。总而言之，VLSFO 代表着迈向全球更清洁的航运燃料标准的关键一步。

极低硫燃料油（VLSFO）市场-市场动态

国际海事组织硫排放法规更加严格，推动了 VLSFO 需求。

极低硫燃料油 (VLSFO) 市场的主要驱动力是国际海事组织 (IMO) 制定的严格硫排放法规。这些法规旨在减少船舶的空气污染，将船用燃料的硫含量限制在 0.5% 或更低。因此，航运公司被迫从传统的高硫燃料转向 VLSFO 等更清洁的替代品，以符合这些环境标准。 IMO 的法规在全球范围内强制执行，影响到几乎所有商用船舶，这极大地刺激了全球对 VLSFO 的需求。

这些规则旨在减少有害的硫氧化物排放，这些排放会导致酸雨和人类呼吸系统疾病。遵守这些规则有助于航运公司避免巨额罚款和营运限制，使VLSFO成为可持续海上营运的必要选择。向VLSFO的转变也鼓励炼油厂创新并生产更清洁的燃料，从而进一步支持市场成长。总体而言，国际海事组织（IMO）的硫含量上限是推动VLSFO市场采用和扩张的关键监管驱动力。

极低硫燃料油（VLSFO）市场－关键洞察

根据我们的研究分析师的分析，预测期内（2025-2032 年）全球市场预计年复合成长率约为 19.8%。

根据产品类型细分，预计船用瓦斯油将在 2024 年占据最大市场份额

根据应用细分，航运船舶是 2024 年的主要应用

根据最终用户细分，航运公司是 2024 年最大的最终用户

按地区划分，亚太地区是 2024 年的主要收入来源

极低硫燃料油（VLSFO）市场-細項分析：

全球极低硫燃料油 (VLSFO) 市场根据产品类型、应用、最终用户和地区进行细分。

根据产品类型，市场分为三类：船用燃气油 (MGO)、船用柴油 (MDO) 和其他。按类型划分，极低硫燃料油 (VLSFO) 市场中最主要的细分市场是船用燃气油 (MGO)。 MGO 因其低硫含量和更清洁的燃烧特性而备受青睐，完全符合国际海事组织 (IMO) 的硫含量规定。与重质燃料相比，MGO 品质更好、更易于操作，因此广泛用于小型船舶和辅助引擎。 MGO 所需的加工和混合工序也较少，这有助于维持一致的燃料品质。环保船用燃料的需求日益增长，以及全球航线排放标准日益严格，推动了 MGO 的普及。

根据应用，市场可分为四类：航运船舶、渔船、近海支援船和其他。超低硫燃料油 (VLSFO) 市场按应用分類的主要细分领域是航运（商用船舶）。该细分领域之所以占据主导地位，是因为包括货柜船、散装货船和油轮在内的商用船舶构成了全球海上运输的最大组成部分。这些船舶必须遵守严格的国际法规以减少硫排放，因此它们不得不转向使用 VLSFO 以保持合规。商用航运的高油耗也扩大了对 VLSFO 等清洁燃料的需求。此外，在营运效率和环境责任之间取得平衡的迫切需求也使该细分领域成为市场的主要消费者。

极低硫燃料油（VLSFO）市场-地理洞察

在亚太地区 (APAC)，由于其庞大的航运业和繁忙的港口活动，极低硫燃料油 (VLSFO) 市场正在经历显着增长。亚太地区拥有全球一些最繁忙的海上贸易航线，对 VLSFO 等合规燃料的需求强劲。该地区各国正积极遵循国际海事组织的含硫法规，推动航运公司转向低硫替代品。亚太地区拥有主要的炼油枢纽和港口，这为 VLSFO 的供应提供了支持。此外，日益增强的环保意识和政府为减少海洋污染所采取的措施进一步鼓励了清洁燃料的使用。然而，燃料价格波动和混合复杂性等挑战仍然存在。总体而言，由于亚太地区在全球航运和法规合规方面具有战略重要性，因此是 VLSFO 的关键市场。

中国航运活动广泛，且是全球最大的贸易国之一，因此在极低硫燃料油 (VLSFO) 市场中扮演着至关重要的角色。中国实施了严格的法规，以确保符合国际海事组织的含硫量限制。中国强大的炼油能力使其能够大量生产和调配 VLSFO，从而满足国内外需求。此外，日益完善的环境政策和减少海洋污染的努力推动中国港口采用更清洁的燃料。监管压力和强劲的海上贸易共同巩固了中国在 VLSFO 市场的重要地位。

极低硫燃料油（VLSFO）市场-竞争格局：

极低硫燃料油 (VLSFO) 市场的竞争格局主要体现在几家全球大型石油和能源公司的存在，它们在生产、炼油和终端用户方面占据主导地位。这些公司高度重视炼油能力，以生产符合国际海事组织 (IMO) 规定的合规性低硫燃料。竞争的驱动因素包括燃料品质、供应情况、定价策略以及向全球主要航运枢纽供应 VLSFO 的能力。

公司也在研发方面投入资金，以改进燃料配方和混合技术，从而提高引擎相容性和性能。为了确保市场份额，与航运公司和港口建立策略合作伙伴关係和签订供应协议已成为常态。此外，各公司正在扩大其炼油基础设施，尤其是在亚太等关键地区，以满足日益增长的需求。市场正在不断发展变化，对永续性的关注度不断提高，这促使竞争对手在极低硫燃油 (VLSFO) 之外探索替代船用燃料。整体而言，竞争环境瞬息万变，各大炼油厂都在努力平衡法规合规性、成本效益和环境影响，以维持在该领域的领先地位。

最新动态：

2025年5月，马士基能源市场与Chane达成供应协议，从其鹿特丹工厂采购超低硫燃料油（ULSFO）。该协议的签署源自于国际海事组织（IMO）新规，该规定将地中海指定为排放控制区（ECA），要求船舶使用含硫量降至0.1%的清洁燃料。

目录

第一章：极低硫燃料油（VLSFO）市场概览

  • 研究范围
  • 市场估计年限

第二章：执行摘要

  • 市场片段
    • 极低硫燃料油（VLSFO）市场摘要（依产品类型）
    • 极低硫燃料油（VLSFO）市场片段（依应用）
    • 极低硫燃料油（VLSFO）市场片段（依最终用户）
    • 极低硫燃料油（VLSFO）市场（按国家/地区）
    • 极低硫燃料油（VLSFO）市场（按地区）
  • 竞争洞察

第三章：极低硫燃料油（VLSFO）主要市场趋势

  • 极低硫燃料油（VLSFO）市场驱动因素
    • 市场驱动因素的影响分析
  • 极低硫燃料油（VLSFO）市场限制
    • 市场限制的影响分析
  • 极低硫燃料油（VLSFO）市场机会
  • 极低硫燃料油（VLSFO）市场未来趋势

第四章：极低硫燃料油（VLSFO）产业研究

  • PEST分析
  • 波特五力分析
  • 成长前景图
  • 规范架构分析

第五章：极低硫燃料油（VLSFO）市场：地缘政治紧张局势升级的影响

  • COVID-19 疫情的影响
  • 俄乌战争的影响
  • 中东衝突的影响

第六章：极低硫燃料油（VLSFO）市场格局

  • 2024年极低硫燃料油（VLSFO）市场份额分析
  • 按主要製造商分類的细分数据
    • 成熟玩家分析
    • 新兴企业分析

第七章：极低硫燃料油（VLSFO）市场－依产品类型

  • 概述
    • 按产品类型分類的细分市场占有率分析
    • 船用柴油（MGO）
    • 船用柴油（MDO）
    • 其他的

第八章：极低硫燃料油（VLSFO）市场－依应用

  • 概述
    • 按应用细分市场占有率分析
    • 航运船舶
    • 渔船
    • 离岸支援船
    • 其他的

第九章：极低硫燃料油（VLSFO）市场－按最终用户

  • 概述
    • 按最终用户细分的份额分析
    • 船运公司
    • 港务局
    • 海上石油和天然气产业
    • 其他的

第十章：极低硫燃料油（VLSFO）市场－按地区划分

  • 介绍
    • 按地区分類的细分市场占有率分析
  • 北美洲
    • 概述
    • 北美极低硫燃料油（VLSFO）主要製造商
    • 北美市场规模及预测（按国家/地区）
    • 北美市场规模和预测（按产品类型）
    • 北美市场规模和预测（按应用）
    • 北美市场规模及预测（按最终用户）
    • 我们
    • 加拿大
  • 欧洲
    • 概述
    • 欧洲极低硫燃料油（VLSFO）主要製造商
    • 欧洲市场规模及预测（按国家/地区）
    • 欧洲市场规模和预测（按产品类型）
    • 欧洲市场规模和预测，按应用
    • 欧洲市场规模及预测（按最终用户）
    • 德国
    • 英国
    • 法国
    • 义大利
    • 西班牙
    • 荷兰
    • 瑞典
    • 俄罗斯
    • 波兰
    • 欧洲其他地区
  • 亚太地区 (APAC)
    • 概述
    • 亚太地区极低硫燃料油（VLSFO）主要製造商
    • 亚太地区市场规模及预测（依国家）
    • 亚太地区市场规模及预测（依产品类型）
    • 亚太地区市场规模及预测（按应用）
    • 亚太地区市场规模及预测（依最终用户）
    • 中国
    • 印度
    • 日本
    • 韩国
    • 澳洲
    • 印尼
    • 泰国
    • 菲律宾
    • 亚太地区其他地区
  • 拉丁美洲（LATAM）
    • 概述
    • 拉丁美洲极低硫燃料油（VLSFO）主要製造商
    • 拉丁美洲市场规模及预测（按国家/地区）
    • 拉丁美洲市场规模及预测（依产品类型）
    • 拉丁美洲市场规模及预测（按应用）
    • 拉丁美洲市场规模及预测（按最终用户）
    • 巴西
    • 墨西哥
    • 阿根廷
    • 哥伦比亚
    • 拉丁美洲其他地区
  • 中东和非洲（MEA）
    • 概述
    • 中东和非洲极低硫燃料油（VLSFO）主要製造商
    • MEA 市场规模及预测（依国家/地区）
    • MEA 市场规模及预测（依产品类型）
    • MEA 市场规模及预测（按应用）
    • MEA 市场规模及预测（依最终用户）
    • 沙乌地阿拉伯
    • 阿联酋
    • 以色列
    • 土耳其
    • 阿尔及利亚
    • 埃及
    • MEA 其余地区

第 11 章：关键供应商分析 - 极低硫燃料油 (VLSFO) 产业

  • 竞争仪錶板
    • Competitive Benchmarking
    • Competitive Positioning
  • 公司简介
    • 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 度分析师视角

第 13 章：附录

  • 研究方法
  • 参考
  • 缩写
  • 免责声明
  • 联络我们
简介目录
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