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市场调查报告书
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1586474

极低硫燃料油市场 - 按类型、应用、最终用户、地区和竞争细分的全球行业规模、份额、趋势、机会和预测,2019-2029F

Very Low Sulphur Fuel Oil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type, By Application, By End-User, By Region & Competition, 2019-2029F

出版日期: | 出版商: TechSci Research | 英文 185 Pages | 商品交期: 2-3个工作天内

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简介目录

2023 年全球极低硫燃料油市场价值为 497.6 亿美元,预计 2029 年将达到 1,497.6 亿美元,到 2029 年复合年增长率为 19.94%。硫含量最高为0.5%(以重量计),显着低于传统高硫燃料油(通常硫含量高达3.5%)。 VLSFO 的推出主要是受到国际海事组织(IMO) 法规(称为IMO 2020)的推动,该法规要求将全球船用燃料硫含量上限从先前的3.5% 降至0.5%,并于2020 年1 月1 日生效。因此,随着船东和营运商转向使用合规燃料以满足这些严格的环境标准,VLSFO 市场有望大幅成长。人们对环境永续意识的不断提高和监管压力的不断增加是推动极低硫燃油需求的关键因素。此外,炼油技术的进步进一步支持了市场,这些技术能够生产更清洁、低硫的船用燃料。随着越来越多的炼油厂调整其製程来生产这种合规燃料,VLSFO 的可用性也在扩大。此外,VLSFO 的经济效益,例如与船用柴油或安装洗涤器等替代合规选项相比,燃料成本更低,使其成为海事行业有吸引力的选择。全球贸易的成长和海事活动的不断增加也促进了VLSFO需求的不断增长。此外,各国政府和国际机构推动清洁航运实践的措施预计将维持市场的上升轨迹。随着海运业越来越多地采用 VLSFO 来遵守环境法规并减少碳足迹,在法规遵循、技术进步和对永续性日益重视的推动下,极低硫燃油的市场必将显着扩大。

市场概况
预测期 2025-2029
2023 年市场规模 497.6亿美元
2029 年市场规模 1497.6亿美元
2024-2029 年复合年增长率 19.94%
成长最快的细分市场 发电厂
最大的市场 亚太地区

主要市场驱动因素

严格的环境法规

炼油技术进步

相对于其他选择的经济优势

主要市场挑战

生产成本高且供应有限

相容性和稳定性问题

主要市场趋势

增加混合技术的采用

扩大全球炼油能力

数位科技的整合

细分市场洞察

应用洞察

区域洞察

目录

第 1 章:产品概述

第 2 章:研究方法

第 3 章:执行摘要

第 4 章:客户之声

第 5 章:全球极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型(残渣燃油、馏分燃料、公用事业超移动设备)
    • 依应用(船用燃料、发电、工业用途)
    • 按最终用户(航运公司、发电厂、工业部门)
    • 按地区
  • 按公司划分 (2023)
  • 市场地图

第 6 章:北美极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按申请
    • 按最终用户
    • 按国家/地区
  • 北美:国家分析
    • 美国
    • 加拿大
    • 墨西哥

第 7 章:亚太地区极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按申请
    • 按最终用户
    • 按国家/地区
  • 亚太地区:国家分析
    • 中国
    • 印度
    • 日本
    • 韩国
    • 印尼

第 8 章:欧洲极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按申请
    • 按最终用户
    • 按国家/地区
  • 欧洲:国家分析
    • 德国
    • 英国
    • 法国
    • 俄罗斯
    • 西班牙

第 9 章:南美洲极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按申请
    • 按最终用户
    • 按国家/地区
  • 南美洲:国家分析
    • 巴西
    • 阿根廷

第 10 章:中东和非洲极低硫燃料油市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按申请
    • 按最终用户
    • 按国家/地区
  • 中东和非洲:国家分析
    • 沙乌地阿拉伯
    • 南非
    • 阿联酋
    • 以色列
    • 埃及

第 11 章:市场动态

  • 司机
  • 挑战

第 12 章:市场趋势与发展

第 13 章:公司简介

  • Exxon Mobil Corporation
  • Shell International BV
  • Chevron Corporation
  • TotalEnergies SE
  • BP plc
  • Marathon Petroleum Corporation
  • Valero Energy Corporation
  • Hess Corporation.
  • Eni SpA
  • ConocoPhillips
  • China National Petroleum Corporation
  • Petroleo Brasileiro SA

第 14 章:策略建议

第15章调查会社について・免责事项

简介目录
Product Code: 24469

Global Very Low Sulphur Fuel Oil Market was valued at USD 49.76 Billion in 2023 and is expected to reach 149.76 Billion in 2029 with a CAGR of 19.94% through 2029. Very Low Sulphur Fuel Oil (VLSFO) is a type of marine fuel that contains a maximum of 0.5% sulfur by weight, significantly lower than the traditional high sulfur fuel oil, which typically contains up to 3.5% sulfur. The introduction of VLSFO is primarily driven by the International Maritime Organization's (IMO) regulation, known as IMO 2020, which mandates a global sulfur cap for marine fuels at 0.5%, down from the previous 3.5%, effective from January 1, 2020. This regulation aims to reduce sulfur oxide emissions from ships, which are harmful to human health and the environment. As a result, the VLSFO market is poised for significant growth, as shipowners and operators transition to compliant fuels to meet these stringent environmental standards. The rising awareness of environmental sustainability and the increasing regulatory pressure are key factors driving the demand for VLSFO. Additionally, the market is further supported by advancements in refining technologies that enable the production of cleaner, low-sulfur marine fuels. The availability of VLSFO is also expanding as more refineries adapt their processes to produce this compliant fuel. Moreover, the economic benefits of VLSFO, such as lower fuel costs compared to alternative compliance options like marine gas oil or installing scrubbers, make it an attractive choice for the maritime industry. The growth of global trade and the continuous increase in maritime activities also contribute to the rising demand for VLSFO. Furthermore, initiatives by various governments and international bodies to promote cleaner shipping practices are expected to sustain the market's upward trajectory. As the maritime industry increasingly adopts VLSFO to comply with environmental regulations and to reduce its carbon footprint, the market for Very Low Sulphur Fuel Oil is set to expand significantly, driven by regulatory compliance, technological advancements, and a growing emphasis on sustainability.

Market Overview
Forecast Period2025-2029
Market Size 2023USD 49.76 Billion
Market Size 2029USD 149.76 Billion
CAGR 2024-202919.94%
Fastest Growing SegmentPower Plants
Largest MarketAsia Pacific

Key Market Drivers

Stringent Environmental Regulations

One of the most significant drivers for the Very Low Sulphur Fuel Oil (VLSFO) Market is the stringent environmental regulations imposed by international and regional bodies. The International Maritime Organization's (IMO) 2020 regulation, which mandates a global sulfur cap for marine fuels at 0.5%, down from the previous 3.5%, has been a primary catalyst. This regulation aims to drastically reduce sulfur oxide emissions from ships, which are harmful to human health, causing respiratory and cardiovascular diseases, and contribute to environmental issues such as acid rain.

Compliance with these regulations is not optional; non-compliance can lead to severe penalties, including fines and detention of vessels. Consequently, shipowners and operators are compelled to switch to VLSFO to avoid these repercussions. The introduction of Emission Control Areas (ECAs) by various countries, which have even stricter sulfur limits of 0.1%, further accelerates the demand for VLSFO. ECAs are designated sea areas where stringent controls are applied to emissions from ships, including sulfur oxides and particulate matter.

Paris Agreement and other international accords aimed at reducing greenhouse gas emissions have put additional pressure on the maritime industry to adopt cleaner fuels. National governments are also enacting local regulations that align with or exceed international standards, thereby reinforcing the necessity for VLSFO. The global commitment to reducing sulfur emissions from ships is unwavering, and this regulatory environment is expected to remain a strong driver for the VLSFO market.

The implementation of these regulations involves significant monitoring and enforcement mechanisms. Port state controls and regular inspections ensure that vessels comply with the sulfur cap, thereby creating a robust enforcement framework that supports the adoption of VLSFO. As the regulatory landscape continues to evolve, it is likely that even more stringent measures will be introduced, further solidifying the market for VLSFO.

Technological Advancements in Refining

Technological advancements in refining processes are another crucial driver for the Very Low Sulphur Fuel Oil Market. As the demand for low-sulfur fuels has increased, refineries worldwide have invested in upgrading their facilities and adopting new technologies to produce VLSFO. The development of hydrodesulfurization and other advanced refining techniques has enabled the efficient removal of sulfur from crude oil, thus facilitating the production of compliant marine fuels.

Refineries are now able to produce VLSFO in larger quantities and with better consistency in quality, meeting the stringent requirements set by the IMO and other regulatory bodies. These advancements not only ensure compliance but also improve the operational efficiency and reliability of marine engines using VLSFO. The enhanced refining capabilities have allowed for the optimization of fuel blends, resulting in better performance and reduced maintenance costs for ship operators.

The integration of digital technologies and automation in refining processes has streamlined production, reduced operational costs, and minimized human errors. This has led to higher yields of VLSFO and better utilization of raw materials. The adoption of real-time monitoring and predictive maintenance technologies further enhances the reliability of refining operations, ensuring a steady supply of high-quality VLSFO to the market.

The ongoing research and development in refining technologies also promise further innovations that could lower the cost of production and improve the environmental performance of VLSFO. For instance, the development of biofuels and synthetic fuels with low sulfur content could complement the VLSFO market, providing more options for shipowners and operators to comply with environmental regulations.

Economic Advantages Over Alternatives

The economic advantages of VLSFO over alternative compliance options such as marine gas oil (MGO) or the installation of exhaust gas cleaning systems (scrubbers) are a significant driver for the VLSFO Market. VLSFO is generally less expensive than MGO, making it a cost-effective option for shipowners and operators looking to comply with the IMO 2020 sulfur cap. The lower price of VLSFO compared to MGO translates to substantial savings on fuel costs, which is a critical consideration given that fuel expenses constitute a significant portion of the operating costs for shipping companies.

Additionally, the installation of scrubbers, while allowing ships to continue using high sulfur fuel oil (HSFO), involves a considerable upfront capital investment and ongoing maintenance costs. Scrubber installation can be a lengthy and complex process, requiring ships to be out of service for extended periods, which translates to lost revenue. In contrast, switching to VLSFO does not require any significant modifications to the existing ship infrastructure, making it a more straightforward and less disruptive compliance solution.

The lower operational and maintenance costs associated with VLSFO also contribute to its economic appeal. Unlike scrubbers, which require regular cleaning and maintenance to ensure efficient operation, VLSFO can be used with minimal additional operational requirements. This reduces the overall lifecycle cost for ship operators and enhances the attractiveness of VLSFO as a compliance option.

The global supply chain for VLSFO is well-established, ensuring its availability in major ports around the world. This widespread availability reduces the logistical complexities and costs associated with sourcing compliant fuels, further reinforcing the economic advantages of VLSFO. As shipowners and operators seek to optimize their operational efficiency and reduce costs, the economic benefits of VLSFO will continue to drive its adoption in the market.

Key Market Challenges

High Production Costs and Limited Supply

One of the primary challenges facing the Very Low Sulphur Fuel Oil (VLSFO) market is the high production costs and limited supply. Producing VLSFO requires advanced refining techniques such as hydrodesulfurization, which involves significant investment in refinery upgrades and operational modifications. These processes are not only capital-intensive but also require extensive maintenance and expertise to ensure consistent production of compliant fuel. As a result, the cost of producing VLSFO is higher compared to traditional high sulphur fuel oils, which can impact the market's overall competitiveness and profitability.

The limited supply of suitable crude oil feedstock further exacerbates this challenge. Not all crude oils are equally suitable for producing VLSFO; some contain higher levels of sulphur, making them less ideal for this purpose. Refineries must therefore source low-sulphur crude oils, which are often more expensive and less readily available. This scarcity of appropriate feedstock can lead to supply constraints, driving up prices and making it more difficult for shipping companies to secure a reliable supply of VLSFO. The interplay between high production costs and limited supply creates a volatile market environment, where prices can fluctuate significantly based on changes in crude oil availability and refining capacity.

Additionally, the transition to producing VLSFO can strain existing refining infrastructure. Many refineries, particularly those in developing regions, lack the necessary technology and investment to produce VLSFO efficiently. This disparity in refining capabilities can lead to regional supply imbalances, where some areas experience shortages while others have surplus capacity. Addressing these challenges requires substantial investment in refining technology and infrastructure, as well as strategic efforts to secure a consistent supply of low-sulphur crude oils. Without these measures, the VLSFO market may struggle to achieve the stability and scalability needed to meet growing global demand.

Compatibility and Stability Issues

Another significant challenge in the VLSFO market is the compatibility and stability issues associated with the fuel. VLSFO blends can vary widely in composition, depending on the crude oil used and the refining process. This variability can lead to differences in fuel characteristics such as viscosity, density, and sulphur content. Inconsistent fuel quality can cause operational problems for ship engines and equipment, potentially leading to engine damage, increased maintenance costs, and operational downtime.

The compatibility of VLSFO with existing marine engines and fuel systems is a critical concern. While most modern engines are designed to handle a range of fuel types, the variability in VLSFO blends can still pose challenges. Incompatible fuel properties can result in issues such as poor combustion performance, fuel pump failures, and filter blockages. These operational risks necessitate careful fuel management practices, including thorough testing and monitoring of fuel quality before use. Ship operators must invest in advanced fuel management systems and training to mitigate the risks associated with VLSFO compatibility, adding to the overall cost and complexity of compliance.

Stability issues with VLSFO are also a concern. Over time, VLSFO can degrade and form sediments or sludge, which can clog fuel systems and reduce engine efficiency. Factors such as storage conditions, temperature fluctuations, and the presence of impurities can influence fuel stability. Ensuring the stability of VLSFO requires meticulous handling and storage practices, including maintaining optimal temperature and cleanliness standards. The need for stringent storage and handling protocols increases operational costs and logistical challenges for shipping companies.

The industry's response to these compatibility and stability issues involves ongoing research and development to improve fuel formulations and enhance stability. Collaborations between fuel suppliers, engine manufacturers, and shipping companies are essential to developing standardized guidelines and best practices for VLSFO use. By addressing these technical challenges, the industry can enhance the reliability and performance of VLSFO, ensuring its long-term viability as a compliant marine fuel.

Key Market Trends

Increased Adoption of Blending Technologies

One notable trend in the Very Low Sulphur Fuel Oil (VLSFO) market is the increased adoption of advanced blending technologies. As refineries strive to produce compliant fuels while maximizing efficiency and profitability, blending different crude oils and refined products has become a critical strategy. Advanced blending technologies allow refineries to optimize the sulfur content and other properties of VLSFO, ensuring it meets regulatory standards while maintaining consistent quality.

The adoption of blending technologies is driven by the need to utilize various feedstocks efficiently, including those with higher sulfur content. By blending these feedstocks with low-sulfur components, refineries can produce VLSFO more economically. This approach also helps in managing supply constraints by making use of available crude oils that might not be suitable for direct conversion to VLSFO. The flexibility provided by blending technologies ensures a more stable and reliable supply of compliant fuel, which is essential for the shipping industry.

The use of sophisticated blending software and real-time monitoring systems enables refineries to adjust their blending processes dynamically. This ensures that the final product consistently meets the required specifications, reducing the risk of fuel quality issues that could impact engine performance. The trend towards advanced blending is likely to continue as refineries seek to enhance their production capabilities and respond to the growing demand for VLSFO.

Expansion of Global Refining Capacity

Another significant trend in the Very Low Sulphur Fuel Oil market is the expansion of global refining capacity specifically geared towards producing low-sulfur marine fuels. Refineries worldwide are investing in upgrading their facilities to increase their capacity to produce VLSFO. These investments are often driven by the need to comply with international regulations and to meet the growing demand from the maritime sector.

In regions like Asia-Pacific and the Middle East, new refinery projects and upgrades are being undertaken to enhance VLSFO production capabilities. These regions are strategically important due to their proximity to major shipping routes and their role as key suppliers of crude oil. The expansion of refining capacity in these areas ensures a steady and reliable supply of VLSFO, helping to stabilize the market and reduce price volatility.

The trend towards expanding refining capacity is also influenced by the economic benefits of producing VLSFO. With the increasing global demand for compliant fuels, refineries that can efficiently produce VLSFO are positioned to capitalize on this market opportunity. This trend is expected to continue as more refineries recognize the long-term value of investing in low-sulfur fuel production capabilities.

Integration of Digital Technologies

The integration of digital technologies into the production and distribution processes of Very Low Sulphur Fuel Oil is another emerging trend. Digital technologies, such as artificial intelligence (AI), machine learning, and blockchain, are being leveraged to enhance the efficiency, transparency, and traceability of the VLSFO supply chain. These technologies enable real-time monitoring and optimization of refining processes, ensuring consistent fuel quality and compliance with regulatory standards.

AI and machine learning algorithms are used to predict and optimize blending processes, reducing production costs and improving fuel quality. These technologies analyze vast amounts of data from various sources, including crude oil properties, refining conditions, and market demand, to make informed decisions that enhance the production of VLSFO. The use of predictive analytics also helps in anticipating potential issues and minimizing downtime, thereby improving overall operational efficiency.

Blockchain technology is being explored to enhance the transparency and traceability of the VLSFO supply chain. By providing a secure and immutable record of transactions and movements of fuel, blockchain ensures that all stakeholders have access to accurate and reliable information. This transparency helps in building trust among suppliers, buyers, and regulatory authorities, ensuring compliance and reducing the risk of fraud or misrepresentation.

The integration of digital technologies is expected to revolutionize the VLSFO market, making production processes more efficient and supply chains more transparent. As these technologies continue to evolve and mature, their adoption in the VLSFO market is likely to increase, driving further innovation and growth.

Segmental Insights

Application Insights

In 2023, the Marine Fuel segment dominated the Very Low Sulphur Fuel Oil (VLSFO) market and is expected to maintain its dominance during the forecast period. This predominance is largely driven by the International Maritime Organization's (IMO) 2020 sulfur cap regulations, which mandate that ships operating outside designated emission control areas use marine fuels with a sulfur content of no more than 0.50% m/m (mass by mass). The stringent regulations have significantly increased the demand for VLSFO as it provides a compliant solution for shipping companies aiming to reduce sulfur emissions and adhere to environmental standards. The shift towards VLSFO in the maritime sector has been further bolstered by the high cost and limited availability of alternative compliance methods, such as exhaust gas cleaning systems (scrubbers) and liquefied natural gas (LNG). Additionally, VLSFO offers a more straightforward and immediate solution compared to retrofitting vessels for LNG or other low-sulfur alternatives.

The economic benefits of using VLSFO have reinforced its adoption in the marine fuel segment. Shipping companies have found VLSFO to be a cost-effective option that does not require significant modifications to existing ship engines and fuel systems, thereby reducing the transition costs. The global shipping industry, which includes container ships, bulk carriers, tankers, and other commercial vessels, relies heavily on VLSFO to ensure compliance and operational efficiency.

As global trade and maritime activities continue to grow, the demand for VLSFO is expected to rise correspondingly. Major ports and bunkering hubs around the world have increased their VLSFO supply capacities to meet the rising demand, ensuring a steady and reliable supply chain for the maritime sector. The ongoing investment in refining capabilities and infrastructure development to support VLSFO production also contributes to its expected sustained dominance in the market. Consequently, the Marine Fuel segment is poised to remain the largest and most influential application area for VLSFO, driven by regulatory compliance, economic viability, and the continued expansion of global maritime trade.

Regional Insights

In 2023, the Asia-Pacific region led the Very Low Sulphur Fuel Oil market and is anticipated to maintain this leadership during the forecast period. This dominance is attributed to the region's critical role in global maritime trade, substantial refining capacity, and strong regulatory adherence. Asia-Pacific is home to some of the world's busiest ports, such as Shanghai, Singapore, and Hong Kong, which are pivotal in international shipping routes. The high volume of maritime traffic through these ports drives significant demand for Very Low Sulphur Fuel Oil, as shipping companies aim to comply with the International Maritime Organization's sulfur emissions regulations.

The region boasts extensive and growing refining capacities, with major refineries in countries like China, South Korea, and Japan investing significantly in infrastructure to produce low-sulfur fuels. These investments are motivated by both regulatory requirements and the economic potential of the expanding Very Low Sulphur Fuel Oil market. The ability to produce large quantities of compliant fuel supports the high demand from the shipping industry, reinforcing the region's market dominance.

Asia-Pacific countries have also been proactive in implementing and enforcing stringent environmental regulations. This regulatory environment has accelerated the shift to Very Low Sulphur Fuel Oil, with governments and industry stakeholders working together to ensure adherence to emission standards. The region's commitment to environmental sustainability and reducing sulfur emissions has established it as a key player in the global Very Low Sulphur Fuel Oil market.

Furthermore, the region's economic growth and industrial activities contribute to the demand for Very Low Sulphur Fuel Oil across various applications, including marine fuel, power generation, and industrial use. These diverse applications bolster the region's market leadership. As global trade and regulatory pressures continue to intensify, Asia-Pacific is expected to sustain its dominant position in the Very Low Sulphur Fuel Oil market, supported by its strategic maritime infrastructure, robust refining capabilities, and effective regulatory framework.

Key Market Players

  • Exxon Mobil Corporation
  • Shell International B.V
  • Chevron Corporation
  • TotalEnergies SE
  • BP plc
  • Marathon Petroleum Corporation
  • Valero Energy Corporation
  • Hess Corporation
  • Eni S.p.A
  • ConocoPhillips
  • China National Petroleum Corporation
  • Petroleo Brasileiro S.A

Report Scope:

In this report, the Global Very Low Sulphur Fuel Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Very Low Sulphur Fuel Oil Market, By Type:

  • Residual Fuel Oil
  • Distillate Fuel Oil
  • Utility Ultra-Mobile Devices

Very Low Sulphur Fuel Oil Market, By Application:

  • Marine Fuel
  • Power Generation
  • Industrial Use

Very Low Sulphur Fuel Oil Market, By End-User:

  • Shipping Companies
  • Power Plants
  • Industrial Sector

Very Low Sulphur Fuel Oil Market, By Region:

  • North America
    • United States
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
  • Europe
    • Germany
    • United Kingdom
    • France
    • Russia
    • Spain
  • South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • UAE
    • Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Very Low Sulphur Fuel Oil Market.

Available Customizations:

Global Very Low Sulphur Fuel Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
  • 1.3. Markets Covered
  • 1.4. Years Considered for Study
  • 1.5. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Very Low Sulphur Fuel Oil Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Residual Fuel Oil, Distillate Fuel Oil, Utility Ultra-Mobile Devices)
    • 5.2.2. By Application (Marine Fuel, Power Generation, Industrial Use)
    • 5.2.3. By End-User (Shipping Companies, Power Plants, Industrial Sector)
    • 5.2.4. By Region
  • 5.3. By Company (2023)
  • 5.4. Market Map

6. North America Very Low Sulphur Fuel Oil Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Application
    • 6.2.3. By End-User
    • 6.2.4. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Very Low Sulphur Fuel Oil Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Application
        • 6.3.1.2.3. By End-User
    • 6.3.2. Canada Very Low Sulphur Fuel Oil Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Application
        • 6.3.2.2.3. By End-User
    • 6.3.3. Mexico Very Low Sulphur Fuel Oil Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Application
        • 6.3.3.2.3. By End-User

7. Asia-Pacific Very Low Sulphur Fuel Oil Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Application
    • 7.2.3. By End-User
    • 7.2.4. By Country
  • 7.3. Asia-Pacific: Country Analysis
    • 7.3.1. China Very Low Sulphur Fuel Oil Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Application
        • 7.3.1.2.3. By End-User
    • 7.3.2. India Very Low Sulphur Fuel Oil Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Application
        • 7.3.2.2.3. By End-User
    • 7.3.3. Japan Very Low Sulphur Fuel Oil Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Application
        • 7.3.3.2.3. By End-User
    • 7.3.4. South Korea Very Low Sulphur Fuel Oil Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Application
        • 7.3.4.2.3. By End-User
    • 7.3.5. Indonesia Very Low Sulphur Fuel Oil Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Application
        • 7.3.5.2.3. By End-User

8. Europe Very Low Sulphur Fuel Oil Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Application
    • 8.2.3. By End-User
    • 8.2.4. By Country
  • 8.3. Europe: Country Analysis
    • 8.3.1. Germany Very Low Sulphur Fuel Oil Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Application
        • 8.3.1.2.3. By End-User
    • 8.3.2. United Kingdom Very Low Sulphur Fuel Oil Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Application
        • 8.3.2.2.3. By End-User
    • 8.3.3. France Very Low Sulphur Fuel Oil Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Application
        • 8.3.3.2.3. By End-User
    • 8.3.4. Russia Very Low Sulphur Fuel Oil Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Application
        • 8.3.4.2.3. By End-User
    • 8.3.5. Spain Very Low Sulphur Fuel Oil Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Application
        • 8.3.5.2.3. By End-User

9. South America Very Low Sulphur Fuel Oil Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Application
    • 9.2.3. By End-User
    • 9.2.4. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Very Low Sulphur Fuel Oil Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Application
        • 9.3.1.2.3. By End-User
    • 9.3.2. Argentina Very Low Sulphur Fuel Oil Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Application
        • 9.3.2.2.3. By End-User

10. Middle East & Africa Very Low Sulphur Fuel Oil Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Application
    • 10.2.3. By End-User
    • 10.2.4. By Country
  • 10.3. Middle East & Africa: Country Analysis
    • 10.3.1. Saudi Arabia Very Low Sulphur Fuel Oil Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Application
        • 10.3.1.2.3. By End-User
    • 10.3.2. South Africa Very Low Sulphur Fuel Oil Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Application
        • 10.3.2.2.3. By End-User
    • 10.3.3. UAE Very Low Sulphur Fuel Oil Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Application
        • 10.3.3.2.3. By End-User
    • 10.3.4. Israel Very Low Sulphur Fuel Oil Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Type
        • 10.3.4.2.2. By Application
        • 10.3.4.2.3. By End-User
    • 10.3.5. Egypt Very Low Sulphur Fuel Oil Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Type
        • 10.3.5.2.2. By Application
        • 10.3.5.2.3. By End-User

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenge

12. Market Trends & Developments

13. Company Profiles

  • 13.1. Exxon Mobil Corporation
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel
    • 13.1.5. Key Product/Services
  • 13.2. Shell International B.V
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel
    • 13.2.5. Key Product/Services
  • 13.3. Chevron Corporation
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel
    • 13.3.5. Key Product/Services
  • 13.4. TotalEnergies SE
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel
    • 13.4.5. Key Product/Services
  • 13.5. BP plc
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel
    • 13.5.5. Key Product/Services
  • 13.6. Marathon Petroleum Corporation
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel
    • 13.6.5. Key Product/Services
  • 13.7. Valero Energy Corporation
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel
    • 13.7.5. Key Product/Services
  • 13.8. Hess Corporation.
    • 13.8.1. Business Overview
    • 13.8.2. Key Revenue and Financials
    • 13.8.3. Recent Developments
    • 13.8.4. Key Personnel
    • 13.8.5. Key Product/Services
  • 13.9. Eni S.p.A
    • 13.9.1. Business Overview
    • 13.9.2. Key Revenue and Financials
    • 13.9.3. Recent Developments
    • 13.9.4. Key Personnel
    • 13.9.5. Key Product/Services
  • 13.10. ConocoPhillips
    • 13.10.1. Business Overview
    • 13.10.2. Key Revenue and Financials
    • 13.10.3. Recent Developments
    • 13.10.4. Key Personnel
    • 13.10.5. Key Product/Services
  • 13.11. China National Petroleum Corporation
    • 13.11.1. Business Overview
    • 13.11.2. Key Revenue and Financials
    • 13.11.3. Recent Developments
    • 13.11.4. Key Personnel
    • 13.11.5. Key Product/Services
  • 13.12. Petroleo Brasileiro S.A
    • 13.12.1. Business Overview
    • 13.12.2. Key Revenue and Financials
    • 13.12.3. Recent Developments
    • 13.12.4. Key Personnel
    • 13.12.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer