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Very Low Sulfur Fuel Oil (VLSFO) Market Size, Share & Industry Analysis, By Application (Container, Bulk Carrier, Oil Tanker, General Cargo, and Others), and Regional Forecast, 2024-2032

Last Updated: February 24, 2025 | Format: PDF | Report ID: FBI110988

 

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions & Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Key Emerging Trends – For Major Countries
    2. Latest Technological Advancement
    3. Insight on Regulatory Landscape
    4. Porters Five Forces Analysis
    5. Impact of COVID-19 on the Very Low Sulphur Fuel Oil (VLSFO) Market
  5. Global Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East and Africa
  6. North America Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Country
      1. U.S. Market Analysis, Insights, and Forecast –By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      2. Canada Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
  7. Europe Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Country
      1. UK Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      2. Germany Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      3. Spain Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      4. Netherlands Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      5. Belgium Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other 
      6. Rest of Europe Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
  8. Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Country
      1. China Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      2. India Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      3. Singapore Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      4. South Korea Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other 
      5. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
  9. Latin America Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Country
      1. Brazil Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      2. Mexico Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      3. Rest of Latin America Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
  10. Middle East and Africa Very Low Sulphur Fuel Oil (VLSFO) Market (USD Billion & Million Tons) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights, and Forecast – By Application
      1. Container
      2. Bulk Carrier
      3. Oil Tanker
      4. General Cargo
      5. Other
    3. Market Analysis, Insights, and Forecast – By Country
      1. GCC Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      2. South Africa Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
      3. Rest of Middle East & Africa Market Analysis, Insights, and Forecast – By Application
        1. Container
        2. Bulk Carrier
        3. Oil Tanker
        4. General Cargo
        5. Other
  11. Competitive Analysis
    1. Company Market Share Analysis, 2023
    2. Company Profile
      1. Exxon Mobil
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      2. BP
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      3. Shell
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      4. China Marine Bunker (Petro China) Co., Ltd.
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      5. World Kinect Corporation
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      6. Bunker Holding Group
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      7. TotalEnergies Marine Fuels
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      8. Future Fuels
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      9. SINOPEC
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
      10. Hindustan Petroleum Corporation Ltd.
        1. Business Overview
        2. Product and Service Offerings
        3. Recent Developments
        4. Financials (Based on Availability)
Read Less

Figure 1: Global Very Low Sulphur Fuel Oil (VLSFO) Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2032

Figure 2: Global Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 3: Global Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Container, 2019-2032

Figure 4: Global Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Bulk Carriers, 2019-2032

Figure 5: Global Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 6: Global Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 7: Global Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 8: Global Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Region, 2023 & 2032

Figure 9: Global Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Region, 2023

Figure 10: North America Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 11: North America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Containers, 2019-2032

Figure 12: North America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Bulk Carriers, 2019-2032

Figure 13: North America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 14: North America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 15: North America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 16: North America Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Country, 2023 & 2032

Figure 17: North America Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Country, 2023

Figure 18: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 19: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Containers, 2019-2032

Figure 20: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Bulk Carriers, 2019-2032

Figure 21: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 22: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 23: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 24: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Country, 2023 & 2032

Figure 25: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Country, 2023

Figure 26: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 27: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Containers, 2019-2032

Figure 28: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion) by Bulk Carriers, 2019-2032

Figure 29: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 30: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 31: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 32: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Country, 2023 & 2032

Figure 33: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Country, 2023

Figure 34: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 35: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Containers, 2019-2032

Figure 36: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Bulk Carriers, 2019-2032

Figure 37: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 38: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 39: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 40: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Country, 2023 & 2032

Figure 41: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Country, 2023

Figure 42: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), By Application, 2023 & 2032

Figure 43: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Containers, 2019-2032

Figure 44: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Bulk Carriers, 2019-2032

Figure 45: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Oil Tankers, 2019-2032

Figure 46: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by General Cargo, 2019-2032

Figure 47: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Forecast (USD Billion), by Others, 2019-2032

Figure 48: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Value (USD Billion), by Country, 2023 & 2032

Figure 49: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Value Share (%), by Country, 2023

Figure 50: Company Market Share (%), 2023

Table 1: Global Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 2: Global Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast by Application 2019-2032

Table 3: Global Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Region, 2019-2032

Table 4: Global Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Region, 2019-2032

Table 5: North America Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 6: North America Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application 2019-2032

Table 7: North America Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 8: North America Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Country, 2019-2032

Table 9: U.S. Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 10: U.S. Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 11: Canada Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 12: Canada Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 13: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 14: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application 2019-2032

Table 15: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 16: Europe Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Country, 2019-2032

Table 17: UK Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 18: UK Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 19: Germany Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 20: Germany Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 21: Spain Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 22: Spain Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 23: Netherlands Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 24: Netherlands Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 25: Belgium Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 26: Belgium Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 27: Rest of Europe Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 28: Rest of Europe Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 29: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 30: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application 2019-2032

Table 31: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 32: Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Country, 2019-2032

Table 33: China Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 34: China Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 35: India Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 36: India Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 37: Singapore Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 38: Singapore Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 39: South Korea Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 40: South Korea Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 41: Rest of Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 42: Rest of Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 43: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 44: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application 2019-2032

Table 45: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 46: Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Country, 2019-2032

Table 47: Brazil Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 48: Brazil Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 49: Mexico Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 50: Mexico Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 51: Rest of Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 52: Rest of Latin America Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 53: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application 2019-2032

Table 54: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application 2019-2032

Table 55: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 56: Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Country, 2019-2032

Table 57: GCC Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 58: GCC Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 59: South Africa Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 60: South Africa Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Table 61: Rest of Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Revenue (USD Billion) Forecast, by Application, 2019-2032

Table 62: Rest of Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Market Volume (Million Tons) Forecast, by Application, 2019-2032

Very Low Sulfur Fuel Oil (VLSFO) Market Size, Share and Global Industry Trend Forecast till 2032
  • 2019-2032
  • 2023
  • 2019-2022
  • 210
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