Reports
Sale
Australia Bunker Fuel Market Size, Share, Growth, Report: By Fuel Type: Marine Diesel Oil (MDO), High Sulfur Fuel Oil (HSFO), Liquefied Natural Gas (LNG), Very Low Sulphur Fuel Oil (VLSFO); By Vessel Type: General Cargo, Gas Tanker, Bulk Carrier, Others; By Commercial Distributor; Regional Analysis; Competitive Landscape; 2024-2032
Australia Bunker Fuel Market Outlook
The Australia bunker fuel market size is projected to grow at a CAGR of 7.9% between 2024 and 2032.
Key Takeaways
- The transition toward cleaner fuels, including low-sulphur options, impacts the bunker fuel market growth.
- Stringent regulations by the International Maritime Organisation (IMO) have led to a shift away from high-sulphur fuels.
- Australia, being a major maritime nation, closely monitors market trends to ensure compliance and sustainable shipping practices.
- Key players in the market are Dan-Bunkering Ltd., Bailey’s Marine Fuels, and S&P Global Inc.
The maritime industry in Australia is actively exploring cleaner and more sustainable alternatives to traditional bunker fuel. Initiatives to reduce emissions and comply with environmental regulations are driving the adoption of greener maritime fuels. The industry's focus on reducing the use of residual fuel oil and exploring alternatives like LNG reflects a broader trend towards environmental sustainability in the maritime sector. Australia being a major LNG producer has many LNG bunkering facilities and agreements to produce low carbon LNG marine bunker fuel, which is further promoting the Australia bunker fuel market growth.
The increasing number of ferries and Offshore Support Vessels (OSVs) in Australia is propelling the demand for LNG-fuelled fleets. Government regulations on emissions and the economic benefits of using LNG as a fuel are driving Australia bunker fuel market share in the global market. Investments in offshore wind energy and oil and gas production are further contributing to the growth of LNG bunkering in Australia. This trend is expected to continue driving the demand for LNG bunkering facilities in the country.
General cargo vessels, crucial for transporting various goods, typically use a combination of Marine Diesel Oil (MDO), High Sulphur Fuel Oil (HSFO), Liquefied Natural Gas (LNG), and Very Low Sulphur Fuel Oil (VLSFO) based on their engine requirements and emission standards. MDO is a common choice for general cargo vessels, whereas HSFO, once widely used in the maritime industry, is now being phased out due to its high sulphur content. Vessels like bulk carriers and gas tankers are transitioning towards cleaner alternatives like VLSFO and LNG to comply with environmental regulations.
Market Segmentation
Australia Bunker Fuel Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
- Marine Diesel Oil (MDO)
- High Sulphur Fuel Oil (HSFO)
- Liquefied Natural Gas (LNG)
- Very Low Sulphur Fuel Oil (VLSFO)
Market Breakup by Vessel Type
- General Cargo
- Gas Tanker
- Bulk Carrier
- Chemical Tanker
- Fishing Vessels
- Others
Market Breakup by Commercial Distributor
- Small Independent Distributor
- Oil Majors
- Large Independent Distributor
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are concentrating on providing essential fuel sources to support the maritime industry's operations and ensure efficient transportation across Australian waters.
- Viva Energy Australia Pty Ltd
- Dan-Bunkering Ltd.
- Bailey’s Marine Fuels
- S&P Global Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Fuel Type |
|
| Breakup by Vessel Type |
|
| Breakup by Commercial Distributor |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Bunker Fuel Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Bunker Fuel Historical Market (2018-2023)
8.3 Asia Pacific Bunker Fuel Market Forecast (2024-2032)
9 Australia Bunker Fuel Market Overview
9.1 Key Industry Highlights
9.2 Australia Bunker Fuel Historical Market (2018-2023)
9.3 Australia Bunker Fuel Market Forecast (2024-2032)
10 Australia Bunker Fuel Market by Fuel Type
10.1 Marine Diesel Oil (MDO)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 High Sulfur Fuel Oil (HSFO)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Liquefied Natural Gas (LNG)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Very Low Sulphur Fuel Oil (VLSFO)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Bunker Fuel Market by Vessel Type
11.1 General Cargo
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Gas Tanker
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Bulk Carrier
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Chemical Tanker
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Fishing Vessels
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Australia Bunker Fuel Market by Commercial Distributor
12.1 Small Independent Distributor
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Oil Majors
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Large Independent Distributor
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Australia Bunker Fuel Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Viva Energy Australia Pty Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Dan-Bunkering Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bailey’s Marine Fuels
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 S&P Global Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Bunker Fuel Market: Key Industry Highlights, 2018 and 2032
2. Australia Bunker Fuel Market: Key Industry Highlights, 2018 and 2032
3. Australia Bunker Fuel Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
4. Australia Bunker Fuel Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
5. Australia Bunker Fuel Historical Market: Breakup by Vessel Type (USD Million), 2018-2023
6. Australia Bunker Fuel Market Forecast: Breakup by Vessel Type (USD Million), 2024-2032
7. Australia Bunker Fuel Historical Market: Breakup by Commercial Distributor (USD Million), 2018-2023
8. Australia Bunker Fuel Market Forecast: Breakup by Commercial Distributor (USD Million), 2024-2032
9. Australia Bunker Fuel Historical Market: Breakup by Region (USD Million), 2018-2023
10. Australia Bunker Fuel Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Australia Bunker Fuel Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 7.9% between 2024 and 2032.
The market is being driven due to the increasing demand for cleaner and more environmentally friendly fuels, driven by stringent regulations on marine pollution and a global shift towards sustainable energy sources.
The market is witnessing expansion due to rising oil and gas exploration activities, hydrogen resource development in offshore areas, and the need for cleaner fuel options in the shipping industry. Additionally, advancements in technology, such as the adoption of IoT and smart features for remote monitoring and control, are shaping the market by enhancing operational efficiency.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different types of vessels in the market are general cargo, gas tanker, bulk carrier, chemical tanker, fishing vessels, among others.
Based on commercial distributor, the market segmentations include small independent distributor, oil majors, large independent distributor, among others.
Marine Diesel Oil (MDO), High Sulphur Fuel Oil (HSFO), Liquefied Natural Gas (LNG), and Very Low Sulphur Fuel Oil (VLSFO) are considered in the report.
Key players in the market are Viva Energy Australia Pty Ltd, Dan-Bunkering Ltd., Bailey’s Marine Fuels, and S&P Global Inc., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER