Global IMO 2020 Compliant Marine Oil Market – Analysis and Forecast, 2019-2029

Focus on Type (ULSFO and VLSFO), Application, Comparative Analysis and Country-Level Analysis

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Report Description

The purpose of this market analysis is to examine the IMO 2020 compliant marine oil market outlook in terms of factors driving the

Scope of the Global IMO 2020 Compliant Marine Oil Market

The IMO 2020 compliant marine oil market research provides detailed market information for segmentation on the basis of type, application, and region. The purpose of this market analysis is to examine the IMO 2020 compliant marine oil market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.

Market Segmentation

The IMO 2020 compliant marine oil market is further segmented on the basis of type, application, and region. Detailed description about the MARPOL regulation and alternatives to comply with the rule are also analyzed in the study. The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).

While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different applications that include oil tankers, bulk carriers, general cargo, container ships, and others. In the type segment, the market is segmented into ultra-low sulfur fuel oil and very-low sulfur fuel oil.

The IMO 2020 compliant marine oil market is segregated by region into four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided in the study.

Key Companies in the Global IMO 2020 Compliant Marine Oil Industry

The key market players in the global IMO 2020 compliant marine oil market include BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Petrobras, PetroChina Company Limited, Indian Oil Corporation Ltd, Total, and Gazpromneft Marine Bunker Ltd.

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Key Questions Answered in this Report

What are the trends in the global IMO 2020 compliant marine oil market across different regions?

•    What are the trends in the global IMO 2020 compliant marine oil market across different regions?
•    For a new company looking to enter into the market, which areas could it focus upon to stay ahead of the competition?
•    How do the existing market players function to improve their market positioning?
•    How does the supply chain function in the global IMO 2020 compliant marine oil market?
•    What are the major challenges inhibiting the growth of the global IMO 2020 compliant marine oil market?
•    Which type of marine oil is expected to witness the maximum demand growth in the global IMO 2020 compliant marine oil market during 2019-2029?
•    Which are the key application areas for which different IMO 2020 compliant marine oil experienced high demand in 2018, and which application areas should be targeted by the manufacturers of different types of marine oil during the forecast period, 2019-2029?
•    How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment?
•    What are the key offerings of the prominent companies in the market for IMO 2020 compliant marine oil? Which regions and countries are leading in terms of consumption of IMO 2020 compliant marine oil, and which of them are expected to witness high demand growth through the period 2019-2029?
•    Which are the consumption patterns of IMO 2020 compliant marine oil across application areas in different regions and countries during the period 2019-2029?

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Market Overview

The IMO 2020 compliant marine oil industry analysis by BIS Research projects the market to grow at a significant CAGR of 8.42% on

Global IMO 2020 Compliant Marine Oil Market Forecast, 2019-2029

The IMO 2020 compliant marine oil industry analysis by BIS Research projects the market to grow at a significant CAGR of 8.42% on the basis of value during the forecast period from 2019 to 2029. Asia-Pacific dominated the global IMO 2020 compliant marine oil market with a share of 48.14% in 2019. Asia-Pacific, including the major countries, such as Singapore and China, is the most prominent region for the IMO 2020 compliant marine oil market. In North America, the U.S. acquired a major market share in 2019 due to the major part of country being in emission-control areas, utilizing the compliant fuel oil.

The global IMO 2020 compliant marine oil market has gained widespread importance since it has the potential to bring about positive changes in the marine environment with the reduction of sulphur oxide produced by ships and  act as a long-term fuel alternative in the decarbonization of international shipping. However, high operating cost of IMO 2020 compliant marine oil and growing preference for alternatives are some of the factors that are restraining the market growth.

Expert Quote

“The maritime shipping industry is facing challenges with regard to cutting greenhouse gases and engine exhaust emissions from their ships. The IMO 2020 rule is expected to bring in significant benefits for the environment and human health. However, the change in sulfur limits is expected to have wide-ranging impact for the global shipping and refining industries.”

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Table of Contents

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         1.1    Market Drivers
                  1.1.1    Growing Concern for Desulfurization in the Maritime Transportation Industry
                  1.1.2    Increasing Hydrocarbon Resource Activities in Offshore Areas
                  1.1.3    Environmental Regulations on Sulfur Emission
         1.2    Market Restraints
                  1.2.1    High Operating Cost of Compliant Fuels
                  1.2.2    Growing Preference for Alternative Fuel in Marine Industry
         1.3    Market Opportunities
                  1.3.1    Opportunities for ULSFO Compliant Marine Oil in the Asia-Pacific and North America Region
         1.4    Market Challenges
                  1.4.1    Microbial Contamination in Compliant Fuels

         2.1    Key Market Development and Strategies
                  2.1.1    Product Launches
                  2.1.2    Business Expansions
                  2.1.3    Partnerships, Collaborations, and Joint Ventures

         3.1    Supply Chain Analysis
         3.2    Demand and Supply Analysis
                  3.2.1    Very Low-Sulfur Marine Fuel Oil
                  3.2.2    Ultra-Low Sulfur Marine Fuel Oil
         3.3    Industry Attractiveness for IMO 2020 Compliant Marine Oil Market
                  3.3.1    Threat of New Entrants
                  3.3.2    Bargaining Power of Supplier
                  3.3.3    Bargaining Power of Buyer
                  3.3.4    Threat of Substitutes
                  3.3.5    Intensity of Competition
         3.4    Opportunity Matrix Analysis
                  3.4.1    Opportunity Matrix Analysis (by Region)
         3.5    Future Trends
         3.6    Major Bunkering Ports
                  3.6.1    Singapore
                  3.6.2    Rotterdam
                  3.6.3    Fujairah
                  3.6.4    Hong Kong
                  3.6.5    Antwerp

         4.1    Overview
                  4.1.1    Impact Analysis of the Regulation Across the Supply Chain
                              4.1.1.1    Fuel Manufacturers
                              4.1.1.2    Bunker Suppliers
                  4.1.2    Key Focus Areas/ Pain Points
                              4.1.2.1    Fuel Manufacturers
                                             4.1.2.1.1    Planned Refinery Capacity (New/Expanded)
                                             4.1.2.1.2    Downstream Unit Investments
                              4.1.2.2    Bunker Suppliers
         4.2    Key Considerations
                  4.2.1    Fuel Availability
                  4.2.2    Fuel Safety
                  4.2.3    Compliance
                  4.2.4    Fuel Stability and Compatibility

         5.1    Market Overview
         5.2    Comparative Analysis of Alternatives Available
         5.3    Liquefied Natural Gas (LNG)
         5.4    Scrubbers
         5.5    Others

         6.1    Market Overview
         6.2    Distillate/Marine Gas Oil (MGO)/Ultra-low Sulfur Marine Oil (ULSFO)
         6.3    Very-Low Sulfur Fuel Oil (VLSFO)

         7.1    Market Overview
         7.2    Oil Tankers
         7.3    Bulk Carriers
         7.4    General Cargo
         7.5    Container Ships
         7.6    Others

         8.1    Market Overview
                  8.1.1    Global IMO 2020 Compliant Marine Oil Market (by Region), Million Tons and $Billion, 2018-2029
         8.2    Asia-Pacific
                  8.2.1    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Type)
                  8.2.2    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Application)
                              8.2.2.1    China
                                             8.2.2.1.1    China IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.2.2.1.2    China IMO 2020 Compliant Marine Oil Market (by Application)
                              8.2.2.2    South Korea
                                             8.2.2.2.1    South Korea IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.2.2.2.2    South Korea IMO 2020 Compliant Marine Oil Market (by Application)
                              8.2.2.3    Singapore
                                             8.2.2.3.1    Singapore IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.2.2.3.2    Singapore IMO 2020 Compliant Marine Oil Market (by Application)
                              8.2.2.4    Hong Kong
                                             8.2.2.4.1    Hong Kong IMO 2020 Compliant Fuel Oil Market (by Type)
                                             8.2.2.4.2    Hong Kong IMO 2020 Compliant Fuel Oil Market (by Application)
                              8.2.2.5    Rest-of-Asia-Pacific
                                             8.2.2.5.1    Rest-of-Asia-Pacific IMO 2020 Compliant Fuel Oil Market (by Type)
                                             8.2.2.5.2    Rest-of-Asia-Pacific IMO 2020 Compliant Fuel Oil Market (by Application)
         8.3    North America
                  8.3.1    North America IMO 2020 Complaint Marine Oil Market (by Type)
                  8.3.2    North America IMO 2020 Compliant Marine Oil Market (by Application)
                              8.3.2.1    U.S.
                                             8.3.2.1.1    U.S. IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.3.2.1.2    U.S. IMO 2020 Compliant Marine Oil Market (by Application)
                              8.3.2.2    Rest-of-North America
                                             8.3.2.2.1    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.3.2.2.2    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Application)
         8.4    Europe
                  8.4.1    Europe IMO 2020 Compliant Marine Oil Market (by Type)
                  8.4.2    Europe IMO 2020 Compliant Marine Oil Market (by Application)
                              8.4.2.1    Netherlands
                                             8.4.2.1.1    Netherlands IMO 2020 Complaint Marine Oil Market (by Type)
                                             8.4.2.1.2    Netherlands IMO 2020 Compliant Marine Oil Market (by Application)
                              8.4.2.2    Belgium
                                             8.4.2.2.1    Belgium IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.4.2.2.2    Belgium IMO 2020 Compliant Marine Oil Market (by Application)
                              8.4.2.3    Spain
                                             8.4.2.3.1    Spain IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.4.2.3.2    Spain IMO 2020 Compliant Marine Oil Market (by Application)
                              8.4.2.4    Rest-of-Europe
                                             8.4.2.4.1    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Type)
                                             8.4.2.4.2    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Application)
         8.5    Rest-of-the-World
                  8.5.1    Middle East and Africa
                              8.5.1.1    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Type)
                              8.5.1.2    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Application)
                 8.5.2    South America
                             8.5.2.1    South America IMO 2020 Compliant Marine Oil Market (by Type)
                             8.5.2.2    South America IMO 2020 Compliant Marine Oil Market (by Application)

         9.1    Overview
         9.2    IMO 2020 Compliant Marine Oil Manufacturers’ Profile
                  9.2.1    List of Major Additional Fuel Manufacturers of IMO 2020 Compliant Marine Oil
         9.3    BP p.l.c.
                  9.3.1    Company Overview
                  9.3.2    Role of BP p.l.c. in IMO 2020 Compliant Marine Oil Market
                  9.3.3    Financials
                  9.3.4    Strength of BP p.l.c.
                  9.3.5    Weakness of BP p.l.c.
         9.4    Chevron Corporation
                  9.4.1    Company Overview
                  9.4.2    Role of Chevron Corporation in IMO 2020 Compliant Marine Oil Market
                  9.4.3    Financials
                  9.4.4    Strength of Chevron Corporation
                  9.4.5    Weakness of Chevron Corporation
         9.5    China Petrochemical Corporation
                  9.5.1    Company Overview
                  9.5.2    Role of China Petrochemical Corporation in IMO 2020 Compliant Marine Oil Market
                  9.5.3    Financials
                  9.5.4    Strength of China Petrochemical Corporation
                  9.5.5    Weakness of China Petrochemical Corporation
         9.6    Exxon Mobil Corporation
                  9.6.1    Company Overview
                  9.6.2    Role of Exxon Mobil Corporation in IMO 2020 Compliant Marine Oil Market
                  9.6.3    Financials
                  9.6.4    Strength of Exxon Mobil Corporation
                  9.6.5    Weakness of Exxon Mobil Corporation
         9.7    GAZPROMNEFT MARINE BUNKER LTD
                  9.7.1    Company Overview
                  9.7.2    Role of GAZPROMNEFT MARINE BUNKER LTD in IMO 2020 Compliant Marine Oil Market
                  9.7.3    Strength of GAZPROMNEFT MARINE BUNKER LTD.
                  9.7.4    Weakness of GAZPROMNEFT MARINE BUNKER LTD.
         9.8    Indian Oil Corporation Ltd
                  9.8.1    Company Overview
                  9.8.2    Role of Indian Oil Corporation Ltd in IMO 2020 Compliant Marine Oil Market
                  9.8.3    Financials
                  9.8.4    Strength of Indian Oil Corporation Ltd.
                  9.8.5    Weakness of Indian Oil Corporation Ltd.
         9.9    PetroChina Company Limited
                  9.9.1    Company Overview
                  9.9.2    Role of PetroChina Company Limited in IMO 2020 Compliant Marine Oil Market
                  9.9.3    Financials
                  9.9.4    Strength of PetroChina Company Limited
                  9.9.5    Weakness of PetroChina Company Limited
        9.10   Petrobras
                  9.10.1    Company Overview
                  9.10.2    Role of Petrobras in IMO 2020 Compliant Marine Oil Market
                  9.10.3    Financials
                  9.10.4    Strength of Petrobras
                  9.10.5    Weakness of Petrobras
        9.11   Royal Dutch Shell Plc
                  9.11.1    Company Overview
                  9.11.2    Role of Royal Dutch Shell Plc in IMO 2020 Compliant Marine Oil Market
                  9.11.3    Financials
                  9.11.4    Strength of Royal Dutch Shell Plc.
                  9.11.5    Weakness of Royal Dutch Shell Plc.
        9.12   Total
                  9.12.1    Company Overview
                  9.12.2    Role of Total in IMO 2020 Compliant Marine Oil Market
                  9.12.3    Financials
                  9.12.4    Strength of Total
                  9.12.5    Weakness of Total
        9.13   IMO 2020 Compliant Marine Oil Bunker Suppliers Profile
                  9.13.1    List of Additional Major Bunker Suppliers of IMO 2020 Compliant Marine Oil
       9.14   CHINA COSCO SHIPPING
                  9.14.1    Company Overview
                  9.14.2    Role of CHINA COSCO SHIPPING in IMO 2020 Compliant Marine Oil Market
                  9.14.3    Strength of CHINA COSCO SHIPPING
                  9.14.4    Weakness of CHINA COSCO SHIPPING
        9.15   Clipper Oil
                  9.15.1    Company Overview
                  9.15.2    Role of Clipper Oil in IMO 2020 Compliant Marine Oil Market
                  9.15.3    Strength of Clipper Oil
                  9.15.4    Weakness of Clipper Oil
        9.16   Marquard & Bahls
                  9.16.1    Company Overview
                  9.16.2    Role of Marquard & Bahls in IMO 2020 Compliant Marine Oil Market
                  9.16.3    Financials
                  9.16.4    Strength of Marquard & Bahls
                  9.16.5    Weakness of Marquard & Bahls
        9.17   Peninsula Petroleum Limited
                  9.17.1    Company Overview
                  9.17.2    Role of Peninsula Petroleum Limited in IMO 2020 Compliant Marine Oil Market
                  9.17.3    Strength of Peninsula Petroleum Limited
                  9.17.4    Weakness of Peninsula Petroleum Limited
        9.18   SK Shipping Co., Ltd.
                  9.18.1    Company Overview
                  9.18.2    Role of SK Shipping Co., Ltd. in IMO 2020 Compliant Marine Oil Market
                  9.18.3    Strength of SK Shipping Co., Ltd.
                  9.18.4    Weakness of SK Shipping Co., Ltd.

           10.1    Report Scope
           10.2    Global IMO 2020 Compliant Marine Oil Market Research Methodology
                      10.2.1    Assumptions
                      10.2.2    Limitations
                      10.2.3    Primary Data Sources
                      10.2.4    Secondary Data Sources
                      10.2.5    Data Triangulation
                      10.2.6    Market Estimation and Forecast

Table 1:    Concerns to Meet the Emission Targets
Table 1.1:    Impact Analysis of Drivers
Table 1.2:    Limits for SOx in Fuel Oil
Table 1.3:    Impact Analysis of Restraints
Table 2.1:    Product Launches (2018-2019)
Table 2.2:    Key Business Expansion Activities (2018-2019)
Table 2.3:    Partnerships, Collaborations, and Joint Ventures (2019)
Table 3.1:    Key factors in Determining “Threat from New Entrants” in IMO 2020 Compliant Marine Oil Market
Table 3.2:    Key Factors in Determining “Bargaining Power of Suppliers” in the IMO 2020 Compliant Marine Oil Market
Table 3.3:    Key Factors in Determining “Bargaining Power of Buyer” in IMO 2020 Compliant Marine Oil Market
Table 3.4:    Analyzing the Threat of Substitutes
Table 3.5:    Analyzing the Intensity of Competition
Table 3.6:    Sales Volume of Major Ports, Million Tons, 2018
Table 4.1:    Fuel Oil Sulfur Limits
Table 4.2:    Annex VI Prevention of Air Pollution by Ships (Emission Control Areas)
Table 5.1:    Comparative Analysis of Alternatives Available
Table 5.2:    List of Key Developments by Manufacturers
Table 6.1:    Global IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 6.2:    Global IMO 2020 Compliant Marine Oil Market (by Type), $Billion,  2018-2029
Table 7.1:    Global IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 7.2:    Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.1:    Global IMO 2020 Compliant Marine Oil Market (by Region), Million Tons, 2018-2029
Table 8.2:    Global IMO 2020 Compliant Marine Oil Market (by Region), $Billion,  2018-2029
Table 8.3:    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.4:    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.5:    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.6:    Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.7:    Guidance for Compliance with IMO 2020
Table 8.8:    List of Bunker Suppliers in China
Table 8.9:    China IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.10:    China IMO 2020 Compliant Marine Oil Market (by Type), $Billion,  2018-2029
Table 8.11:    China IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.12:    China IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.13:    List of Bunker Suppliers in South Korea
Table 8.14:    South Korea IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.15:    South Korea IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.16:    South Korea IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.17:    South Korea IMO Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.18:    List of Bunker Suppliers in Singapore
Table 8.19:    Singapore IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.20:    Singapore IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.21:    Singapore IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.22:    Singapore IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.23:    List of Bunker Suppliers in Hong Kong
Table 8.24:    Hong Kong IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.25:    Hong Kong IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.26:    Hong Kong IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.27:    Hong Kong IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.28:    Rest-of-Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.29:    Rest-of-Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.30:    Rest-of-Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.31:    Rest-of-Asia-Pacific IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.32:    North America IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.33:    North America IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.34:    North America IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.35:    North America IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.36:    List of Bunker Suppliers in the U.S.
Table 8.37:    U.S. IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.38:    U.S. IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.39:    U.S. IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.40:    U.S. IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.41:    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.42:    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.43:    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.44:    Rest-of-North America IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.45:    Europe IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.46:    Europe IMO 2020 Compliant Marine Oil Market (by Type), $Billion,  2018-2029
Table 8.47:    Europe IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.48:    Europe IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.49:    List of Bunker Suppliers in the Netherlands
Table 8.50:    Netherlands IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.51:    Netherlands IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.52:    Netherlands IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.53:    Netherlands IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.54:    List of Bunker Suppliers in Belgium
Table 8.55:    Belgium IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.56:    Belgium IMO 2020 Compliant Marine Oil Market (by Type), $Billion,  2018-2029
Table 8.57:    Belgium IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.58:    Belgium IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.59:    Cargo Traffic in the Belgian Ports 2017-2018 (Million Tons)
Table 8.60:    List of Bunker Suppliers in Spain
Table 8.61:    Spain IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.62:    Spain IMO 2020 Compliant Marine Oil Market (by Type), $Billion,  2018-2029
Table 8.63:    Spain IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.64:    Spain IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.65:    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.66:    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.67:    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.68:    Rest-of-Europe IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.69:    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.70:    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.71:    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.72:    Middle East & Africa IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029
Table 8.73:    South America IMO 2020 Compliant Marine Oil Market (by Type), Million Tons, 2018-2029
Table 8.74:    South America IMO 2020 Compliant Marine Oil Market (by Type), $Billion, 2018-2029
Table 8.75:    South America IMO 2020 Compliant Marine Oil Market (by Application), Million Tons, 2018-2029
Table 8.76:    South America IMO 2020 Compliant Marine Oil Market (by Application), $Billion, 2018-2029

Figure 1:    Global IMO 2020 Compliant Marine Oil Market Overview, 2018-2029
Figure 2:    Global IMO 2020 Compliant Marine Oil Market (by Type), 2018, 2019, and 2029
Figure 3:    Global IMO 2020 Compliant Marine Oil Market Analysis (by Application), 2018-2029
Figure 4:    Global IMO 2020 Compliant Marine Oil Market (by Region), 2018
Figure 1.1:    Market Dynamics: Global IMO 2020 Compliant Marine Oil Market
Figure 2.1:    Share of Key Market Strategies and Developments, 2018-2019
Figure 3.1:    Global IMO 2020 Compliant Marine Oil Supply Chain
Figure 3.2:    Porters Five Forces Analysis of IMO 2020 Compliant Marine Oil Market
Figure 3.3:    Global IMO 2020 Compliant Marine Oil Market Opportunity Matrix (by Region), 2019-2029
Figure 4.1:    Timetable of IMO’s Development of Guidelines on Consistent Implementation of 0.5% Sulfur Limit
Figure 4.2:    IMO Projection Uncertainties Across Shareholders
Figure 5.1:    LNG Pricing Analysis, 2018, 2022, and 2029
Figure 5.2:    LNG in Global IMO 2020 Compliant Marine Oil Market (by Alternative), $Billion and Million Tons, 2018-2029
Figure 5.3:    HSFO Pricing Analysis, 2018, 2022, and 2029
Figure 5.4:    Scrubbers in Global IMO 2020 Compliant Marine Oil Market (by Alternative), $Billion and Million Tons, 2018-2029
Figure 5.5:    Others Pricing Analysis, 2018, 2022, and 2029
Figure 5.6:    Others in Global IMO 2020 Compliant Marine Oil Market (by Alternative), $Billion and Million Tons, 2018-2029
Figure 6.1:    Types of Global IMO 2020 Compliant Marine Oils
Figure 6.2:    ULSFO Pricing Analysis, 2018, 2022, and 2029
Figure 6.3:    ULSFO in Global IMO 2020 Compliant Marine Oil Market (by Type), $Billion and Million tons, 2018-2029
Figure 6.4:    VLSFO Pricing Analysis, 2018, 2022, and 2029
Figure 6.5:    VLSFO in Global IMO 2020 Compliant Marine Oil Market (by Type), $Billion and Million Tons, 2018-2029
Figure 7.1:    Global IMO 2020 Compliant Marine Oil Market (by Application)
Figure 7.2:    Oil Tankers in Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion and Million Tons, 2018-2029
Figure 7.3:    Bulk Carriers in Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion and Million Tons, 2018-2029
Figure 7.4:    General Cargo in Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion and Million Tons, 2018-2029
Figure 7.5:    Container Ships in Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion and Million Tons, 2018-2029
Figure 7.6:    Others in Global IMO 2020 Compliant Marine Oil Market (by Application), $Billion and Million Tons, 2018-2029
Figure 8.1:    Global IMO 2020 Compliant Marine Oil Market – Regional Segmentation
Figure 8.2:    Global IMO 2020 Compliant Marine Oil Market (by Region), Million Tons and $Billion, 2018 and 2029
Figure 9.1:    BP p.l.c.: Product Portfolio
Figure 9.2:    BP p.l.c.: Overall Financials, 2016-2018
Figure 9.3:    BP p.l.c.: Net Revenue (by Region), 2016-2018
Figure 9.4:    BP p.l.c.: Net Revenue (by Business Segment), 2016-2018
Figure 9.5:    Chevron Corporation: Product Portfolio
Figure 9.6:    Chevron Corporation: Overall Financials, 2016-2018
Figure 9.7:    Chevron Corporation: Net Revenue (by Region), 2016-2018
Figure 9.8:    Chevron Corporation: Net Revenue (by Business Segment), 2016-2018
Figure 9.9:    China Petrochemical Corporation: Product Portfolio
Figure 9.10:    China Petrochemical Corporation: Overall Financials, 2016-2018
Figure 9.11:    Exxon Mobil Corporation: Product Portfolio
Figure 9.12:    Exxon Mobil Corporation: Overall Financials, 2016-2018
Figure 9.13:    Exxon Mobil Corporation: Net Revenue (by Region), 2016-2018
Figure 9.14:    GAZPROMNEFT MARINE BUNKER LTD: Product Portfolio
Figure 9.15:    Indian Oil Corporation Ltd: Product Portfolio
Figure 9.16:    Indian Oil Corporation Ltd: Overall Financials, 2016-2018
Figure 9.17:    Indian Oil Corporation Ltd: Net Revenue (by Region), 2016-2018
Figure 9.18:    Indian Oil Corporation Ltd: Net Revenue (by Business Segment), 2016-2018
Figure 9.19:    PetroChina Company Limited: Product Portfolio
Figure 9.20:    PetroChina Company Limited: Overall Financials, 2016-2018
Figure 9.21:    PetroChina Company Limited: Net Revenue (by Region), 2016-2018
Figure 9.22:    PetroChina Company Limited: Net Revenue (by Business Segment), 2016-2018
Figure 9.23:    Petrobras: Product Portfolio
Figure 9.24:    Petrobras: Overall Financials, 2016-2018
Figure 9.25:    Petrobras: Net Revenue (by Business Segment), 2016-2018
Figure 9.26:    Royal Dutch Shell Plc: Product Portfolio
Figure 9.27:    Royal Dutch Shell Plc: Overall Financials, 2016-2018
Figure 9.28:    Royal Dutch Shell Plc: Net Revenue (by Region), 2016-2018
Figure 9.29:    Royal Dutch Shell Plc: Net Revenue (by Business Segment), 2016-2018
Figure 9.30:    Total: Product Portfolio
Figure 9.40:    Total: Overall Financials, 2016-2018
Figure 9.41:    Total: Net Revenue (by Region), 2016-2018
Figure 9.42:    Total: Net Revenue (by Business Segment), 2016-2018
Figure 9.43:    Marquard & Bahls: Overall Financials, 2016-2018
Figure 10.1:    Global IMO 2020 Compliant Marine Oil Market Coverage
Figure 10.2:    Segmentations for Market Estimation in the Global IMO 2020 Compliant Marine Oil Market
Figure 10.3:    Report Design
Figure 10.4:    Primary Interviews (by Player, Designation, and Region)
Figure 10.5:    Data Triangulation
Figure 10.6:    Top-Down and Bottom-Up Approach

Market Overview

Global IMO 2020 Compliant Marine Oil Market Forecast, 2019-2029

The IMO 2020 compliant marine oil industry analysis by BIS Research projects the market to grow at a significant CAGR of 8.42% on the basis of value during the forecast period from 2019 to 2029. Asia-Pacific dominated the global IMO 2020 compliant marine oil market with a share of 48.14% in 2019. Asia-Pacific, including the major countries, such as Singapore and China, is the most prominent region for the IMO 2020 compliant marine oil market. In North America, the U.S. acquired a major market share in 2019 due to the major part of country being in emission-control areas, utilizing the compliant fuel oil.

The global IMO 2020 compliant marine oil market has gained widespread importance since it has the potential to bring about positive changes in the marine environment with the reduction of sulphur oxide produced by ships and  act as a long-term fuel alternative in the decarbonization of international shipping. However, high operating cost of IMO 2020 compliant marine oil and growing preference for alternatives are some of the factors that are restraining the market growth.

Expert Quote

“The maritime shipping industry is facing challenges with regard to cutting greenhouse gases and engine exhaust emissions from their ships. The IMO 2020 rule is expected to bring in significant benefits for the environment and human health. However, the change in sulfur limits is expected to have wide-ranging impact for the global shipping and refining industries.”

Key Questions Answered in this Report

•    What are the trends in the global IMO 2020 compliant marine oil market across different regions?
•    For a new company looking to enter into the market, which areas could it focus upon to stay ahead of the competition?
•    How do the existing market players function to improve their market positioning?
•    How does the supply chain function in the global IMO 2020 compliant marine oil market?
•    What are the major challenges inhibiting the growth of the global IMO 2020 compliant marine oil market?
•    Which type of marine oil is expected to witness the maximum demand growth in the global IMO 2020 compliant marine oil market during 2019-2029?
•    Which are the key application areas for which different IMO 2020 compliant marine oil experienced high demand in 2018, and which application areas should be targeted by the manufacturers of different types of marine oil during the forecast period, 2019-2029?
•    How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment?
•    What are the key offerings of the prominent companies in the market for IMO 2020 compliant marine oil? Which regions and countries are leading in terms of consumption of IMO 2020 compliant marine oil, and which of them are expected to witness high demand growth through the period 2019-2029?
•    Which are the consumption patterns of IMO 2020 compliant marine oil across application areas in different regions and countries during the period 2019-2029?

Report Description

Scope of the Global IMO 2020 Compliant Marine Oil Market

The IMO 2020 compliant marine oil market research provides detailed market information for segmentation on the basis of type, application, and region. The purpose of this market analysis is to examine the IMO 2020 compliant marine oil market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.

Market Segmentation

The IMO 2020 compliant marine oil market is further segmented on the basis of type, application, and region. Detailed description about the MARPOL regulation and alternatives to comply with the rule are also analyzed in the study. The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).

While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different applications that include oil tankers, bulk carriers, general cargo, container ships, and others. In the type segment, the market is segmented into ultra-low sulfur fuel oil and very-low sulfur fuel oil.

The IMO 2020 compliant marine oil market is segregated by region into four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided in the study.

Key Companies in the Global IMO 2020 Compliant Marine Oil Industry

The key market players in the global IMO 2020 compliant marine oil market include BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Petrobras, PetroChina Company Limited, Indian Oil Corporation Ltd, Total, and Gazpromneft Marine Bunker Ltd.

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