April 25, 2018 - 6:31 AM EDT
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Global Bunker Oil Market Forecasts 2018-2022: Increasing Naval Expenditure is a Major Driver - Key Players are BP, Chevron, Exxon Mobil, Gazprom, HPCL, Royal Dutch Shell - ResearchAndMarkets.com


The "Global Bunker Oil Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global bunker oil market is projected to grow at a CAGR of 3.74% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growing LNG market. The LNG is used to reduce emissions of greenhouse gases (GHG), as it is odorless, non-toxic, and non-corrosive. It also evaporates quickly when exposed to air, leaving no residue behind.

According to the report, one driver in the market is increasing naval expenditure. The governments across the globe are increasing their spending to raise the defense capacities of their countries to combat external threats pertaining to security issues. The global military expenditure is likely to increase considerably over the next few years.

Further, the report states that one challenge in the market is fluctuations in oil and gas. The bunker oil is directly linked to the crude oil prices, and its success or failure depends on the pricing of this commodity. The oil and gas industry witnessed a prolonged period of low crude oil prices since July 2014.

Key Vendors

  • BP
  • Chevron
  • Exxon Mobil
  • Gazprom
  • HPCL
  • Royal Dutch Shell

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/7r5mr6/global_bunker_oil?w=4

Laura Wood, Senior Manager
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Related Topics: Oil

Source: Business Wire (April 25, 2018 - 6:31 AM EDT)

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