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Very Low Sulphur Fuel Oil(VLSFO) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Published Date: October 2024
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Report Code: QYRE-Auto-12E7981
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Global Very Low Sulphur Fuel Oil VLSFO Market Insights Forecast to 2028
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Very Low Sulphur Fuel Oil(VLSFO) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Code: QYRE-Auto-12E7981
Report
October 2024
Pages:138
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Very Low Sulphur Fuel Oil(VLSFO) - Market Size

The global market for Very Low Sulphur Fuel Oil(VLSFO) was estimated to be worth US$ 33630 million in 2023 and is forecast to a readjusted size of US$ 58040 million by 2030 with a CAGR of 8.2% during the forecast period 2024-2030

Very Low Sulphur Fuel Oil(VLSFO) - Market

Very Low Sulphur Fuel Oil(VLSFO) - Market

As a kind of refined oil, fuel oil is a heavy residual product separated from crude oil after gasoline, coal and diesel in the process of petroleum processing. Fuel oil is mainly used in refining, chemical industry, transportation (mainly Marine), power generation in power plants, construction, metallurgy and other industrial fields. VLSFO is mainly used in ships.
Low sulphur fuel oil is fuel oil with relatively low sulphur content. In the marine market, the reason why it is necessary to distinguish between high and low sulphur fuel oil is because according to the requirements of IMO, the sulphur content of fuel oil used by global seagoing ships shall not exceed 0.5% from January 1, 2020; but if Ships equipped with desulfurization equipment that meet the requirements can continue to use the 3.5% (sulphur content) fuel oil that was the mainstream in the market; finally, because the sulphur content of ships passing through Europe, America and China's ECA areas is limited to 0.1%, this makes the sulphur content Below 0.5%, a 0.1% demarcation line needs to be drawn.
Therefore, based on the above situation, we divide the definition of high and low sulphur fuel oil in the marine market into three parts: HSFO refers to fuel oil with a sulphur content limit of 3.5%, and the sulphur content limit corresponding to LSFO or VLSFO should be 0.5%; ultra-low sulphur fuel oil (ULSFO) corresponds to the upper limit of 0.1% sulphur content.
North American market for Very Low Sulphur Fuel Oil(VLSFO) was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Very Low Sulphur Fuel Oil(VLSFO) was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Europe market for Very Low Sulphur Fuel Oil(VLSFO) was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global key companies of Very Low Sulphur Fuel Oil(VLSFO) include Qatar Petroleum, Shell, TotalEnergies, ExxonMobil, Monjasa, Stena Oil, Petrobras, Cepsa and Viva Energy, etc. In 2023, the global five largest players hold a share approximately % in terms of revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Very Low Sulphur Fuel Oil(VLSFO), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Very Low Sulphur Fuel Oil(VLSFO) by region & country, by Type, and by Application.
The Very Low Sulphur Fuel Oil(VLSFO) market size, estimations, and forecasts are provided in terms of sales volume (Kiloton) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Very Low Sulphur Fuel Oil(VLSFO).
Market Segmentation

Scope of Very Low Sulphur Fuel Oil(VLSFO) - Market Report

Report Metric Details
Report Name Very Low Sulphur Fuel Oil(VLSFO) - Market
Forecasted market size in 2030 US$ 58040 million
CAGR 8.2%
Forecasted years 2024 - 2030
Segment by Type:
Segment by Application
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Qatar Petroleum, Shell, TotalEnergies, ExxonMobil, Monjasa, Stena Oil, Petrobras, Cepsa, Viva Energy, BP, Sinopec, SK Energy, Singapore Refining Company (SRC), Vitol Bunkers, Uniper Energy DMCC
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 2: Detailed analysis of Very Low Sulphur Fuel Oil(VLSFO) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 5: Sales, revenue of Very Low Sulphur Fuel Oil(VLSFO) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
  • Chapter 6: Sales, revenue of Very Low Sulphur Fuel Oil(VLSFO) in country level. It provides sigmate data by Type, and by Application for each country/region.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Conclusion.

FAQ for this report

What is the Very Low Sulphur Fuel Oil(VLSFO) - Market size in 2030?

Ans: The Very Low Sulphur Fuel Oil(VLSFO) - Market size in 2030 will be US$ 58040 million.

Who are the main players in the Very Low Sulphur Fuel Oil(VLSFO) - Market report?

Ans: The main players in the Very Low Sulphur Fuel Oil(VLSFO) - Market are Qatar Petroleum, Shell, TotalEnergies, ExxonMobil, Monjasa, Stena Oil, Petrobras, Cepsa, Viva Energy, BP, Sinopec, SK Energy, Singapore Refining Company (SRC), Vitol Bunkers, Uniper Energy DMCC

What are the Application segmentation covered in the Very Low Sulphur Fuel Oil(VLSFO) - Market report?

Ans: The Applications covered in the Very Low Sulphur Fuel Oil(VLSFO) - Market report are Shipping, Others

What are the Type segmentation covered in the Very Low Sulphur Fuel Oil(VLSFO) - Market report?

Ans: The Types covered in the Very Low Sulphur Fuel Oil(VLSFO) - Market report are Heavy Fuel Oil, Light Fuel Oil

Recommended Reports

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Sulfur & Desulfurization

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1 Market Overview
1.1 Very Low Sulphur Fuel Oil(VLSFO) Product Introduction
1.2 Global Very Low Sulphur Fuel Oil(VLSFO) Market Size Forecast
1.2.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030)
1.2.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume (2019-2030)
1.2.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Price (2019-2030)
1.3 Very Low Sulphur Fuel Oil(VLSFO) Market Trends & Drivers
1.3.1 Very Low Sulphur Fuel Oil(VLSFO) Industry Trends
1.3.2 Very Low Sulphur Fuel Oil(VLSFO) Market Drivers & Opportunity
1.3.3 Very Low Sulphur Fuel Oil(VLSFO) Market Challenges
1.3.4 Very Low Sulphur Fuel Oil(VLSFO) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Very Low Sulphur Fuel Oil(VLSFO) Players Revenue Ranking (2023)
2.2 Global Very Low Sulphur Fuel Oil(VLSFO) Revenue by Company (2019-2024)
2.3 Global Very Low Sulphur Fuel Oil(VLSFO) Players Sales Volume Ranking (2023)
2.4 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Company Players (2019-2024)
2.5 Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Company (2019-2024)
2.6 Key Manufacturers Very Low Sulphur Fuel Oil(VLSFO) Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Very Low Sulphur Fuel Oil(VLSFO) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Very Low Sulphur Fuel Oil(VLSFO)
2.9 Very Low Sulphur Fuel Oil(VLSFO) Market Competitive Analysis
2.9.1 Very Low Sulphur Fuel Oil(VLSFO) Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Very Low Sulphur Fuel Oil(VLSFO) Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Very Low Sulphur Fuel Oil(VLSFO) as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Heavy Fuel Oil
3.1.2 Light Fuel Oil
3.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type
3.2.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value, by Type (2019-2030)
3.2.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value, by Type (%) (2019-2030)
3.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type
3.3.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, by Type (2019-2030)
3.3.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, by Type (%) (2019-2030)
3.4 Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Shipping
4.1.2 Others
4.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application
4.2.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value, by Application (2019-2030)
4.2.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value, by Application (%) (2019-2030)
4.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application
4.3.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, by Application (2019-2030)
4.3.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, by Application (%) (2019-2030)
4.4 Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region
5.1.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2019-2024)
5.1.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2025-2030)
5.1.4 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (%), (2019-2030)
5.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region
5.2.1 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2019-2024)
5.2.3 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2025-2030)
5.2.4 Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (%), (2019-2030)
5.3 Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
5.4.2 North America Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
5.5.2 Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
5.6.2 Asia Pacific Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
5.7.2 South America Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
5.8.2 Middle East & Africa Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value
6.2.1 Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.2.2 Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.3.2 United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.4.2 Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.5.2 China Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.5.3 China Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.6.2 Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.7.2 South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.8.2 Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019-2030
6.9.2 India Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
6.9.3 India Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Qatar Petroleum
7.1.1 Qatar Petroleum Company Information
7.1.2 Qatar Petroleum Introduction and Business Overview
7.1.3 Qatar Petroleum Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Qatar Petroleum Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.1.5 Qatar Petroleum Recent Development
7.2 Shell
7.2.1 Shell Company Information
7.2.2 Shell Introduction and Business Overview
7.2.3 Shell Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Shell Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.2.5 Shell Recent Development
7.3 TotalEnergies
7.3.1 TotalEnergies Company Information
7.3.2 TotalEnergies Introduction and Business Overview
7.3.3 TotalEnergies Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.3.4 TotalEnergies Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.3.5 TotalEnergies Recent Development
7.4 ExxonMobil
7.4.1 ExxonMobil Company Information
7.4.2 ExxonMobil Introduction and Business Overview
7.4.3 ExxonMobil Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.4.4 ExxonMobil Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.4.5 ExxonMobil Recent Development
7.5 Monjasa
7.5.1 Monjasa Company Information
7.5.2 Monjasa Introduction and Business Overview
7.5.3 Monjasa Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Monjasa Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.5.5 Monjasa Recent Development
7.6 Stena Oil
7.6.1 Stena Oil Company Information
7.6.2 Stena Oil Introduction and Business Overview
7.6.3 Stena Oil Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Stena Oil Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.6.5 Stena Oil Recent Development
7.7 Petrobras
7.7.1 Petrobras Company Information
7.7.2 Petrobras Introduction and Business Overview
7.7.3 Petrobras Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Petrobras Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.7.5 Petrobras Recent Development
7.8 Cepsa
7.8.1 Cepsa Company Information
7.8.2 Cepsa Introduction and Business Overview
7.8.3 Cepsa Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Cepsa Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.8.5 Cepsa Recent Development
7.9 Viva Energy
7.9.1 Viva Energy Company Information
7.9.2 Viva Energy Introduction and Business Overview
7.9.3 Viva Energy Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Viva Energy Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.9.5 Viva Energy Recent Development
7.10 BP
7.10.1 BP Company Information
7.10.2 BP Introduction and Business Overview
7.10.3 BP Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.10.4 BP Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.10.5 BP Recent Development
7.11 Sinopec
7.11.1 Sinopec Company Information
7.11.2 Sinopec Introduction and Business Overview
7.11.3 Sinopec Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Sinopec Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.11.5 Sinopec Recent Development
7.12 SK Energy
7.12.1 SK Energy Company Information
7.12.2 SK Energy Introduction and Business Overview
7.12.3 SK Energy Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.12.4 SK Energy Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.12.5 SK Energy Recent Development
7.13 Singapore Refining Company (SRC)
7.13.1 Singapore Refining Company (SRC) Company Information
7.13.2 Singapore Refining Company (SRC) Introduction and Business Overview
7.13.3 Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.13.5 Singapore Refining Company (SRC) Recent Development
7.14 Vitol Bunkers
7.14.1 Vitol Bunkers Company Information
7.14.2 Vitol Bunkers Introduction and Business Overview
7.14.3 Vitol Bunkers Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Vitol Bunkers Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.14.5 Vitol Bunkers Recent Development
7.15 Uniper Energy DMCC
7.15.1 Uniper Energy DMCC Company Information
7.15.2 Uniper Energy DMCC Introduction and Business Overview
7.15.3 Uniper Energy DMCC Very Low Sulphur Fuel Oil(VLSFO) Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Uniper Energy DMCC Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
7.15.5 Uniper Energy DMCC Recent Development
8 Industry Chain Analysis
8.1 Very Low Sulphur Fuel Oil(VLSFO) Industrial Chain
8.2 Very Low Sulphur Fuel Oil(VLSFO) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Very Low Sulphur Fuel Oil(VLSFO) Sales Model
8.5.2 Sales Channel
8.5.3 Very Low Sulphur Fuel Oil(VLSFO) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Tables
    Table 1. Very Low Sulphur Fuel Oil(VLSFO) Market Trends
    Table 2. Very Low Sulphur Fuel Oil(VLSFO) Market Drivers & Opportunity
    Table 3. Very Low Sulphur Fuel Oil(VLSFO) Market Challenges
    Table 4. Very Low Sulphur Fuel Oil(VLSFO) Market Restraints
    Table 5. Global Very Low Sulphur Fuel Oil(VLSFO) Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Very Low Sulphur Fuel Oil(VLSFO) Revenue Market Share by Company (2019-2024)
    Table 7. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Company (2019-2024) & (Kiloton)
    Table 8. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume Market Share by Company (2019-2024)
    Table 9. Global Market Very Low Sulphur Fuel Oil(VLSFO) Price by Company (2019-2024) & (US$/Ton)
    Table 10. Key Manufacturers Very Low Sulphur Fuel Oil(VLSFO) Manufacturing Base Distribution and Headquarters
    Table 11. Key Manufacturers Very Low Sulphur Fuel Oil(VLSFO) Product Type
    Table 12. Key Manufacturers Time to Begin Mass Production of Very Low Sulphur Fuel Oil(VLSFO)
    Table 13. Global Very Low Sulphur Fuel Oil(VLSFO) Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Very Low Sulphur Fuel Oil(VLSFO) as of 2023)
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 17. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (2019-2024) & (US$ Million)
    Table 18. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (2025-2030) & (US$ Million)
    Table 19. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Value by Type (2019-2024) & (%)
    Table 20. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Value by Type (2025-2030) & (%)
    Table 21. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type: 2019 VS 2023 VS 2030 (Kiloton)
    Table 22. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type (2019-2024) & (Kiloton)
    Table 23. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type (2025-2030) & (Kiloton)
    Table 24. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Volume by Type (2019-2024) & (%)
    Table 25. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Volume by Type (2025-2030) & (%)
    Table 26. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Type (2019-2024) & (US$/Ton)
    Table 27. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Type (2025-2030) & (US$/Ton)
    Table 28. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 29. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (2019-2024) & (US$ Million)
    Table 30. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (2025-2030) & (US$ Million)
    Table 31. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Value by Application (2019-2024) & (%)
    Table 32. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Value by Application (2025-2030) & (%)
    Table 33. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application: 2019 VS 2023 VS 2030 (Kiloton)
    Table 34. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application (2019-2024) & (Kiloton)
    Table 35. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application (2025-2030) & (Kiloton)
    Table 36. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Volume by Application (2019-2024) & (%)
    Table 37. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Market Share in Volume by Application (2025-2030) & (%)
    Table 38. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Application (2019-2024) & (US$/Ton)
    Table 39. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Application (2025-2030) & (US$/Ton)
    Table 40. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 41. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2019-2024) & (US$ Million)
    Table 42. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2025-2030) & (US$ Million)
    Table 43. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2019-2024) & (%)
    Table 44. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Region (2025-2030) & (%)
    Table 45. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (Kiloton): 2019 VS 2023 VS 2030
    Table 46. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2019-2024) & (Kiloton)
    Table 47. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2025-2030) & (Kiloton)
    Table 48. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2019-2024) & (%)
    Table 49. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Region (2025-2030) & (%)
    Table 50. Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Region (2019-2024) & (US$/Ton)
    Table 51. Global Very Low Sulphur Fuel Oil(VLSFO) Average Price by Region (2025-2030) & (US$/Ton)
    Table 52. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 53. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2024) & (US$ Million)
    Table 54. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2025-2030) & (US$ Million)
    Table 55. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, (2019-2024) & (Kiloton)
    Table 56. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Volume, (2025-2030) & (Kiloton)
    Table 57. Qatar Petroleum Company Information
    Table 58. Qatar Petroleum Introduction and Business Overview
    Table 59. Qatar Petroleum Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 60. Qatar Petroleum Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 61. Qatar Petroleum Recent Development
    Table 62. Shell Company Information
    Table 63. Shell Introduction and Business Overview
    Table 64. Shell Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 65. Shell Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 66. Shell Recent Development
    Table 67. TotalEnergies Company Information
    Table 68. TotalEnergies Introduction and Business Overview
    Table 69. TotalEnergies Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 70. TotalEnergies Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 71. TotalEnergies Recent Development
    Table 72. ExxonMobil Company Information
    Table 73. ExxonMobil Introduction and Business Overview
    Table 74. ExxonMobil Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 75. ExxonMobil Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 76. ExxonMobil Recent Development
    Table 77. Monjasa Company Information
    Table 78. Monjasa Introduction and Business Overview
    Table 79. Monjasa Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 80. Monjasa Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 81. Monjasa Recent Development
    Table 82. Stena Oil Company Information
    Table 83. Stena Oil Introduction and Business Overview
    Table 84. Stena Oil Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 85. Stena Oil Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 86. Stena Oil Recent Development
    Table 87. Petrobras Company Information
    Table 88. Petrobras Introduction and Business Overview
    Table 89. Petrobras Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 90. Petrobras Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 91. Petrobras Recent Development
    Table 92. Cepsa Company Information
    Table 93. Cepsa Introduction and Business Overview
    Table 94. Cepsa Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 95. Cepsa Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 96. Cepsa Recent Development
    Table 97. Viva Energy Company Information
    Table 98. Viva Energy Introduction and Business Overview
    Table 99. Viva Energy Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 100. Viva Energy Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 101. Viva Energy Recent Development
    Table 102. BP Company Information
    Table 103. BP Introduction and Business Overview
    Table 104. BP Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 105. BP Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 106. BP Recent Development
    Table 107. Sinopec Company Information
    Table 108. Sinopec Introduction and Business Overview
    Table 109. Sinopec Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 110. Sinopec Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 111. Sinopec Recent Development
    Table 112. SK Energy Company Information
    Table 113. SK Energy Introduction and Business Overview
    Table 114. SK Energy Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 115. SK Energy Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 116. SK Energy Recent Development
    Table 117. Singapore Refining Company (SRC) Company Information
    Table 118. Singapore Refining Company (SRC) Introduction and Business Overview
    Table 119. Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 120. Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 121. Singapore Refining Company (SRC) Recent Development
    Table 122. Vitol Bunkers Company Information
    Table 123. Vitol Bunkers Introduction and Business Overview
    Table 124. Vitol Bunkers Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 125. Vitol Bunkers Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 126. Vitol Bunkers Recent Development
    Table 127. Uniper Energy DMCC Company Information
    Table 128. Uniper Energy DMCC Introduction and Business Overview
    Table 129. Uniper Energy DMCC Very Low Sulphur Fuel Oil(VLSFO) Sales (Kiloton), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
    Table 130. Uniper Energy DMCC Very Low Sulphur Fuel Oil(VLSFO) Product Offerings
    Table 131. Uniper Energy DMCC Recent Development
    Table 132. Key Raw Materials Lists
    Table 133. Raw Materials Key Suppliers Lists
    Table 134. Very Low Sulphur Fuel Oil(VLSFO) Downstream Customers
    Table 135. Very Low Sulphur Fuel Oil(VLSFO) Distributors List
    Table 136. Research Programs/Design for This Report
    Table 137. Key Data Information from Secondary Sources
    Table 138. Key Data Information from Primary Sources
List of Figures
    Figure 1. Very Low Sulphur Fuel Oil(VLSFO) Product Picture
    Figure 2. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 4. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume (2019-2030) & (Kiloton)
    Figure 5. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Price (2019-2030) & (US$/Ton)
    Figure 6. Very Low Sulphur Fuel Oil(VLSFO) Report Years Considered
    Figure 7. Global Very Low Sulphur Fuel Oil(VLSFO) Players Revenue Ranking (2023) & (US$ Million)
    Figure 8. Global Very Low Sulphur Fuel Oil(VLSFO) Players Sales Volume Ranking (2023) & (Kiloton)
    Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Very Low Sulphur Fuel Oil(VLSFO) Revenue in 2023
    Figure 10. Very Low Sulphur Fuel Oil(VLSFO) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 11. Heavy Fuel Oil Picture
    Figure 12. Light Fuel Oil Picture
    Figure 13. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 14. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value Market Share by Type, 2023 & 2030
    Figure 15. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Type (2019 VS 2023 VS 2030) & (Kiloton)
    Figure 16. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume Market Share by Type, 2023 & 2030
    Figure 17. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Type (2019-2030) & (US$/Ton)
    Figure 18. Product Picture of Shipping
    Figure 19. Product Picture of Others
    Figure 20. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 21. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Value Market Share by Application, 2023 & 2030
    Figure 22. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume by Application (2019 VS 2023 VS 2030) & (Kiloton)
    Figure 23. Global Very Low Sulphur Fuel Oil(VLSFO) Sales Volume Market Share by Application, 2023 & 2030
    Figure 24. Global Very Low Sulphur Fuel Oil(VLSFO) Price by Application (2019-2030) & (US$/Ton)
    Figure 25. North America Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 26. North America Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
    Figure 27. Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 28. Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
    Figure 29. Asia Pacific Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 30. Asia Pacific Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
    Figure 31. South America Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 32. South America Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
    Figure 33. Middle East & Africa Very Low Sulphur Fuel Oil(VLSFO) Sales Value (2019-2030) & (US$ Million)
    Figure 34. Middle East & Africa Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Country (%), 2023 VS 2030
    Figure 35. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Value (%), (2019-2030)
    Figure 36. Key Countries/Regions Very Low Sulphur Fuel Oil(VLSFO) Sales Volume (%), (2019-2030)
    Figure 37. United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 38. United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 39. United States Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 40. Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 41. Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 42. Europe Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 43. China Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 44. China Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 45. China Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 46. Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 47. Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 48. Japan Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 49. South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 50. South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 51. South Korea Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 52. Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 53. Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 54. Southeast Asia Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 55. India Very Low Sulphur Fuel Oil(VLSFO) Sales Value, (2019-2030) & (US$ Million)
    Figure 56. India Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Type (%), 2023 VS 2030
    Figure 57. India Very Low Sulphur Fuel Oil(VLSFO) Sales Value by Application (%), 2023 VS 2030
    Figure 58. Very Low Sulphur Fuel Oil(VLSFO) Industrial Chain
    Figure 59. Very Low Sulphur Fuel Oil(VLSFO) Manufacturing Cost Structure
    Figure 60. Channels of Distribution (Direct Sales, and Distribution)
    Figure 61. Bottom-up and Top-down Approaches for This Report
    Figure 62. Data Triangulation
    Figure 63. Key Executives Interviewed
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