Global Sustainable Marine Fuel Market

Report Code: EGY198A

Publish Date: Jun 2024

Publisher: BCC Publishing

Category: Energy

Download Report Overview

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

This report provides an overview of the global sustainable marine fuel market. It presents market analysis based on fuel type, vessel type, and region. The report also provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front.

Report Includes

  • An overview of the current and future global markets for sustainable marine fuels in the shipping industry
  • Analyses of global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, projected CAGRs through 2028
  • Estimates of the market size and revenue forecasts for the global sustainable marine fuel market, with market share analysis based on the fuel type, vessel type, and region
  • Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
  • Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices followed by leading companies, their ESG rankings, and consumer attitudes
  • Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
  • Profiles of the leading companies

Report Scope

The global sustainable marine fuel market determines the segments by fuel type, vessel type, and regional market analysis. The market sizing has been provided in value ($ millions) and volume (thousand tons). The report also covers competitive intelligence, which covers the ranking of prominent companies based on their product offerings in the sustainable marine fuel industry. The report provides the ESG (environmental, social, and governance) analysis of the sustainable marine fuel industry and the recent activities of the companies on this front. The report covers SWOT analysis, Porter’s Five Forces analysis, and market dynamics. It also provides details of emerging technologies and developments happening globally in the sustainable marine fuel industry.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $216.5 million
Market size forecast $3.4 billion
Growth rate CAGR of 59.4% from 2023 to 2028
Units considered $ Millions (By value) and Thousand Tons (By volume)
Segments covered By Fuel Type, Vessel Type, and Region
Regions covered Asia-Pacific (APAC), Europe, North America, Middle East and Africa (MEA) and South America
Key Market Drivers
  • Favorable Government Policies
  • Green Ammonia as Shipping Fuel
  • Environmental Policies and Incentives
Companies studied
BP P.L.C.CARGILL INC.
CHEVRON RENEWABLE ENERGY GROUPDS DANSUK
EXXON MOBIL CORP.GOODFUELS (FINCOENERGIES)
NESTESHELL PLC
TOTALENERGIESUPM
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

The market is projected to grow from $216.5 million in 2022 to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 59.4% during the forecast period.
The increasing need for decarbonization of the marine industry, favorable government policies, and stringent environmental policies and incentives are key factors driving the market.
The segments covered in the market are fuel type and vessel type. The fuel type segmentation includes biofuel, bio-methanol, ammonia, and hydrogen. The vessel type segmentation includes containership, bulk carriers, oil tankers and others.
The containership segment will dominate the market by the end of 2028.
The biofuel segment will dominate the market by the end of 2028.
The market has been classified into five regions, namely Asia-Pacific, North America, Europe, MEA, and South America. Asia-Pacific holds the highest market share due to the growing seaborne trade by ports located in the region. Also, the increasing GHG emissions in the Countries such as China, India are accelerating the demand for clean fuel technologies.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Sustainable Marine Fuel Market87Free

Related Reports

Biorefinery Products and Applications: Global Markets

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY117E

The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.

Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies

Published - Feb 2024 | Publisher - BCC Publishing | Code - EGY171B

The global market for biodiesel is expected to grow from $43.1 billion in 2023 to $51.6 billion by the end of 2028, at a compound annual growth rate (CAGR) of 3.7% from 2023 through 2028.

Biofuels: Global Markets

Published - Nov 2023 | Publisher - BCC Publishing | Code - EGY064E

The global market for biofuels is estimated to increase from $125.9 billion in 2023 to reach $143.8 billion by 2028 with a compound annual growth rate (CAGR) of 2.7% during the forecast period of 2023-2028.

Algae Biofuel: Global Markets

Published - Apr 2023 | Publisher - BCC Publishing | Code - ENV065A

Global algae biofuels market should reach $720 thousand by 2027 from $420 thousand in 2022 at a compound annual growth rate (CAGR) of 11.4% for the forecast period of 2022 to 2027.

Recent Reports

Hydrogen Fuel Cell: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - EGY186B

The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.

Biorefinery Products and Applications: Global Markets

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY117E

The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.

Battery Separators: Global Markets

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY199A

The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.

Carbon Credits Market: Global Outlook

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY200A

This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.

Hydrogen Storage: Materials, Technologies and Global Markets

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY146C

The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.

Top Trending Reports

Single-use Technologies for Biopharmaceuticals: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO099F

The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.

Cell and Gene Therapy Tools, and Reagents: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO208C

The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.

Medical Devices Industry: Competitive Landscape

Published - Nov 2024 | Publisher - BCC Publishing | Code - MDS010C

The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.

Global Market Opportunities and Competitive Landscape for CDMO

Published - Nov 2024 | Publisher - BCC Publishing | Code - PHM238B

The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.

Chronic Disease Management: Therapeutics, Device Technologies and Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC239C

The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Global Sustainable Marine Fuel Market
Sample Report