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Global Heavy Fuel Oil (HFO) Market Research Report 2025

Published Date: March 2025

Report Code: QYRE-Auto-24A10974

Global Heavy Fuel Oil HFO Market Research Report 2022

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Global Heavy Fuel Oil (HFO) Market Research Report 2025

Code: QYRE-Auto-24A10974

Report

March 2025

Pages:96

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

ROSNEFT

Lukoil

Gazprom

Marathon Petroleum

ExxonMobil

Chevron

Royal Dutch Shell

Qatar Petroleum

Sinopec Limited

CNPC

CNOOC Limited

CEPSA

Heavy Fuel Oil (HFO) Market

The global market for Heavy Fuel Oil (HFO) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

North American market for Heavy Fuel Oil (HFO) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Heavy Fuel Oil (HFO) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Heavy Fuel Oil (HFO) include Rosneft, Lukoil, Gazprom, Marathon Petroleum, ExxonMobil, BP, Chevron, Royal Dutch Shell, Qatar Petroleum, Sinopec, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Heavy Fuel Oil (HFO), 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 Heavy Fuel Oil (HFO).

The Heavy Fuel Oil (HFO) market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Heavy Fuel Oil (HFO) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Heavy Fuel Oil (HFO) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Heavy Fuel Oil (HFO) Market Report

Report Metric	Details
Report Name	Heavy Fuel Oil (HFO) Market
by Type	Sulfur Content＜ 0.31% Sulfur Content 0.31% ~ 1.00% Sulfur Content > 1.00%
by Application	Marine Power Plants Industrial Boilers Others
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	Rosneft, Lukoil, Gazprom, Marathon Petroleum, ExxonMobil, BP, Chevron, Royal Dutch Shell, Qatar Petroleum, Sinopec, CNPC, CNOOC, Cepsa
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, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Heavy Fuel Oil (HFO) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Heavy Fuel Oil (HFO) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Heavy Fuel Oil (HFO) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Heavy Fuel Oil (HFO) Market report?

Ans: The main players in the Heavy Fuel Oil (HFO) Market are Rosneft, Lukoil, Gazprom, Marathon Petroleum, ExxonMobil, BP, Chevron, Royal Dutch Shell, Qatar Petroleum, Sinopec, CNPC, CNOOC, Cepsa

What are the Application segmentation covered in the Heavy Fuel Oil (HFO) Market report?

Ans: The Applications covered in the Heavy Fuel Oil (HFO) Market report are Marine, Power Plants, Industrial Boilers, Others

What are the Type segmentation covered in the Heavy Fuel Oil (HFO) Market report?

Ans: The Types covered in the Heavy Fuel Oil (HFO) Market report are Sulfur Content＜ 0.31%, Sulfur Content 0.31% ~ 1.00%, Sulfur Content > 1.00%

1 Heavy Fuel Oil (HFO) Market Overview

1.1 Product Definition

1.2 Heavy Fuel Oil (HFO) by Type

1.2.1 Global Heavy Fuel Oil (HFO) Market Value Growth Rate Analysis by Type: 2024 VS 2031

1.2.2 Sulfur Content＜ 0.31%

1.2.3 Sulfur Content 0.31% ~ 1.00%

1.2.4 Sulfur Content > 1.00%

1.3 Heavy Fuel Oil (HFO) by Application

1.3.1 Global Heavy Fuel Oil (HFO) Market Value Growth Rate Analysis by Application: 2024 VS 2031

1.3.2 Marine

1.3.3 Power Plants

1.3.4 Industrial Boilers

1.3.5 Others

1.4 Global Market Growth Prospects

1.4.1 Global Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts (2020-2031)

1.4.2 Global Heavy Fuel Oil (HFO) Production Capacity Estimates and Forecasts (2020-2031)

1.4.3 Global Heavy Fuel Oil (HFO) Production Estimates and Forecasts (2020-2031)

1.4.4 Global Heavy Fuel Oil (HFO) Market Average Price Estimates and Forecasts (2020-2031)

1.5 Assumptions and Limitations

2 Market Competition by Manufacturers

2.1 Global Heavy Fuel Oil (HFO) Production Market Share by Manufacturers (2020-2025)

2.2 Global Heavy Fuel Oil (HFO) Production Value Market Share by Manufacturers (2020-2025)

2.3 Global Key Players of Heavy Fuel Oil (HFO), Industry Ranking, 2023 VS 2024

2.4 Global Heavy Fuel Oil (HFO) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

2.5 Global Heavy Fuel Oil (HFO) Average Price by Manufacturers (2020-2025)

2.6 Global Key Manufacturers of Heavy Fuel Oil (HFO), Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Heavy Fuel Oil (HFO), Product Offered and Application

2.8 Global Key Manufacturers of Heavy Fuel Oil (HFO), Date of Enter into This Industry

2.9 Heavy Fuel Oil (HFO) Market Competitive Situation and Trends

2.9.1 Heavy Fuel Oil (HFO) Market Concentration Rate

2.9.2 Global 5 and 10 Largest Heavy Fuel Oil (HFO) Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3 Heavy Fuel Oil (HFO) Production by Region

3.1 Global Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.2 Global Heavy Fuel Oil (HFO) Production Value by Region (2020-2031)

3.2.1 Global Heavy Fuel Oil (HFO) Production Value by Region (2020-2025)

3.2.2 Global Forecasted Production Value of Heavy Fuel Oil (HFO) by Region (2026-2031)

3.3 Global Heavy Fuel Oil (HFO) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.4 Global Heavy Fuel Oil (HFO) Production Volume by Region (2020-2031)

3.4.1 Global Heavy Fuel Oil (HFO) Production by Region (2020-2025)

3.4.2 Global Forecasted Production of Heavy Fuel Oil (HFO) by Region (2026-2031)

3.5 Global Heavy Fuel Oil (HFO) Market Price Analysis by Region (2020-2025)

3.6 Global Heavy Fuel Oil (HFO) Production and Value, Year-over-Year Growth

3.6.1 North America Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts (2020-2031)

3.6.2 Europe Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts (2020-2031)

3.6.3 China Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts (2020-2031)

3.6.4 Japan Heavy Fuel Oil (HFO) Production Value Estimates and Forecasts (2020-2031)

4 Heavy Fuel Oil (HFO) Consumption by Region

4.1 Global Heavy Fuel Oil (HFO) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

4.2 Global Heavy Fuel Oil (HFO) Consumption by Region (2020-2031)

4.2.1 Global Heavy Fuel Oil (HFO) Consumption by Region (2020-2025)

4.2.2 Global Heavy Fuel Oil (HFO) Forecasted Consumption by Region (2026-2031)

4.3 North America

4.3.1 North America Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.3.2 North America Heavy Fuel Oil (HFO) Consumption by Country (2020-2031)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.4.2 Europe Heavy Fuel Oil (HFO) Consumption by Country (2020-2031)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific Heavy Fuel Oil (HFO) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031

4.5.2 Asia Pacific Heavy Fuel Oil (HFO) Consumption by Region (2020-2031)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.6.2 Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption by Country (2020-2031)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

4.6.6 GCC Countries

5 Segment by Type

5.1 Global Heavy Fuel Oil (HFO) Production by Type (2020-2031)

5.1.1 Global Heavy Fuel Oil (HFO) Production by Type (2020-2025)

5.1.2 Global Heavy Fuel Oil (HFO) Production by Type (2026-2031)

5.1.3 Global Heavy Fuel Oil (HFO) Production Market Share by Type (2020-2031)

5.2 Global Heavy Fuel Oil (HFO) Production Value by Type (2020-2031)

5.2.1 Global Heavy Fuel Oil (HFO) Production Value by Type (2020-2025)

5.2.2 Global Heavy Fuel Oil (HFO) Production Value by Type (2026-2031)

5.2.3 Global Heavy Fuel Oil (HFO) Production Value Market Share by Type (2020-2031)

5.3 Global Heavy Fuel Oil (HFO) Price by Type (2020-2031)

6 Segment by Application

6.1 Global Heavy Fuel Oil (HFO) Production by Application (2020-2031)

6.1.1 Global Heavy Fuel Oil (HFO) Production by Application (2020-2025)

6.1.2 Global Heavy Fuel Oil (HFO) Production by Application (2026-2031)

6.1.3 Global Heavy Fuel Oil (HFO) Production Market Share by Application (2020-2031)

6.2 Global Heavy Fuel Oil (HFO) Production Value by Application (2020-2031)

6.2.1 Global Heavy Fuel Oil (HFO) Production Value by Application (2020-2025)

6.2.2 Global Heavy Fuel Oil (HFO) Production Value by Application (2026-2031)

6.2.3 Global Heavy Fuel Oil (HFO) Production Value Market Share by Application (2020-2031)

6.3 Global Heavy Fuel Oil (HFO) Price by Application (2020-2031)

7 Key Companies Profiled

7.1 Rosneft

7.1.1 Rosneft Heavy Fuel Oil (HFO) Company Information

7.1.2 Rosneft Heavy Fuel Oil (HFO) Product Portfolio

7.1.3 Rosneft Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.1.4 Rosneft Main Business and Markets Served

7.1.5 Rosneft Recent Developments/Updates

7.2 Lukoil

7.2.1 Lukoil Heavy Fuel Oil (HFO) Company Information

7.2.2 Lukoil Heavy Fuel Oil (HFO) Product Portfolio

7.2.3 Lukoil Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.2.4 Lukoil Main Business and Markets Served

7.2.5 Lukoil Recent Developments/Updates

7.3 Gazprom

7.3.1 Gazprom Heavy Fuel Oil (HFO) Company Information

7.3.2 Gazprom Heavy Fuel Oil (HFO) Product Portfolio

7.3.3 Gazprom Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.3.4 Gazprom Main Business and Markets Served

7.3.5 Gazprom Recent Developments/Updates

7.4 Marathon Petroleum

7.4.1 Marathon Petroleum Heavy Fuel Oil (HFO) Company Information

7.4.2 Marathon Petroleum Heavy Fuel Oil (HFO) Product Portfolio

7.4.3 Marathon Petroleum Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.4.4 Marathon Petroleum Main Business and Markets Served

7.4.5 Marathon Petroleum Recent Developments/Updates

7.5 ExxonMobil

7.5.1 ExxonMobil Heavy Fuel Oil (HFO) Company Information

7.5.2 ExxonMobil Heavy Fuel Oil (HFO) Product Portfolio

7.5.3 ExxonMobil Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.5.4 ExxonMobil Main Business and Markets Served

7.5.5 ExxonMobil Recent Developments/Updates

7.6 BP

7.6.1 BP Heavy Fuel Oil (HFO) Company Information

7.6.2 BP Heavy Fuel Oil (HFO) Product Portfolio

7.6.3 BP Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.6.4 BP Main Business and Markets Served

7.6.5 BP Recent Developments/Updates

7.7 Chevron

7.7.1 Chevron Heavy Fuel Oil (HFO) Company Information

7.7.2 Chevron Heavy Fuel Oil (HFO) Product Portfolio

7.7.3 Chevron Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.7.4 Chevron Main Business and Markets Served

7.7.5 Chevron Recent Developments/Updates

7.8 Royal Dutch Shell

7.8.1 Royal Dutch Shell Heavy Fuel Oil (HFO) Company Information

7.8.2 Royal Dutch Shell Heavy Fuel Oil (HFO) Product Portfolio

7.8.3 Royal Dutch Shell Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.8.4 Royal Dutch Shell Main Business and Markets Served

7.8.5 Royal Dutch Shell Recent Developments/Updates

7.9 Qatar Petroleum

7.9.1 Qatar Petroleum Heavy Fuel Oil (HFO) Company Information

7.9.2 Qatar Petroleum Heavy Fuel Oil (HFO) Product Portfolio

7.9.3 Qatar Petroleum Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.9.4 Qatar Petroleum Main Business and Markets Served

7.9.5 Qatar Petroleum Recent Developments/Updates

7.10 Sinopec

7.10.1 Sinopec Heavy Fuel Oil (HFO) Company Information

7.10.2 Sinopec Heavy Fuel Oil (HFO) Product Portfolio

7.10.3 Sinopec Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.10.4 Sinopec Main Business and Markets Served

7.10.5 Sinopec Recent Developments/Updates

7.11 CNPC

7.11.1 CNPC Heavy Fuel Oil (HFO) Company Information

7.11.2 CNPC Heavy Fuel Oil (HFO) Product Portfolio

7.11.3 CNPC Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.11.4 CNPC Main Business and Markets Served

7.11.5 CNPC Recent Developments/Updates

7.12 CNOOC

7.12.1 CNOOC Heavy Fuel Oil (HFO) Company Information

7.12.2 CNOOC Heavy Fuel Oil (HFO) Product Portfolio

7.12.3 CNOOC Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.12.4 CNOOC Main Business and Markets Served

7.12.5 CNOOC Recent Developments/Updates

7.13 Cepsa

7.13.1 Cepsa Heavy Fuel Oil (HFO) Company Information

7.13.2 Cepsa Heavy Fuel Oil (HFO) Product Portfolio

7.13.3 Cepsa Heavy Fuel Oil (HFO) Production, Value, Price and Gross Margin (2020-2025)

7.13.4 Cepsa Main Business and Markets Served

7.13.5 Cepsa Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis

8.1 Heavy Fuel Oil (HFO) Industry Chain Analysis

8.2 Heavy Fuel Oil (HFO) Raw Material Supply Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Heavy Fuel Oil (HFO) Production Mode & Process Analysis

8.4 Heavy Fuel Oil (HFO) Sales and Marketing

8.4.1 Heavy Fuel Oil (HFO) Sales Channels

8.4.2 Heavy Fuel Oil (HFO) Distributors

8.5 Heavy Fuel Oil (HFO) Customer Analysis

9 Heavy Fuel Oil (HFO) Market Dynamics

9.1 Heavy Fuel Oil (HFO) Industry Trends

9.2 Heavy Fuel Oil (HFO) Market Drivers

9.3 Heavy Fuel Oil (HFO) Market Challenges

9.4 Heavy Fuel Oil (HFO) Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

FEATURED COMPANIES

ROSNEFT

Lukoil

Gazprom

Marathon Petroleum

ExxonMobil

Chevron

Royal Dutch Shell

Qatar Petroleum

Sinopec Limited

CNPC

CNOOC Limited

CEPSA

List of Tables

Table 1. Global Heavy Fuel Oil (HFO) Market Value by Type, (US$ Million) & (2024 VS 2031)

Table 2. Global Heavy Fuel Oil (HFO) Market Value by Application, (US$ Million) & (2024 VS 2031)

Table 3. Global Heavy Fuel Oil (HFO) Production Capacity (Tons) by Manufacturers in 2024

Table 4. Global Heavy Fuel Oil (HFO) Production by Manufacturers (2020-2025) & (Tons)

Table 5. Global Heavy Fuel Oil (HFO) Production Market Share by Manufacturers (2020-2025)

Table 6. Global Heavy Fuel Oil (HFO) Production Value by Manufacturers (2020-2025) & (US$ Million)

Table 7. Global Heavy Fuel Oil (HFO) Production Value Share by Manufacturers (2020-2025)

Table 8. Global Key Players of Heavy Fuel Oil (HFO), Industry Ranking, 2023 VS 2024

Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Heavy Fuel Oil (HFO) as of 2024)

Table 10. Global Market Heavy Fuel Oil (HFO) Average Price by Manufacturers (US$/Ton) & (2020-2025)

Table 11. Global Key Manufacturers of Heavy Fuel Oil (HFO), Manufacturing Base Distribution and Headquarters

Table 12. Global Key Manufacturers of Heavy Fuel Oil (HFO), Product Offered and Application

Table 13. Global Key Manufacturers of Heavy Fuel Oil (HFO), Date of Enter into This Industry

Table 14. Global Heavy Fuel Oil (HFO) Manufacturers Market Concentration Ratio (CR5 and HHI)

Table 15. Mergers & Acquisitions, Expansion Plans

Table 16. Global Heavy Fuel Oil (HFO) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Table 17. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) by Region (2020-2025)

Table 18. Global Heavy Fuel Oil (HFO) Production Value Market Share by Region (2020-2025)

Table 19. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) Forecast by Region (2026-2031)

Table 20. Global Heavy Fuel Oil (HFO) Production Value Market Share Forecast by Region (2026-2031)

Table 21. Global Heavy Fuel Oil (HFO) Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)

Table 22. Global Heavy Fuel Oil (HFO) Production (Tons) by Region (2020-2025)

Table 23. Global Heavy Fuel Oil (HFO) Production Market Share by Region (2020-2025)

Table 24. Global Heavy Fuel Oil (HFO) Production (Tons) Forecast by Region (2026-2031)

Table 25. Global Heavy Fuel Oil (HFO) Production Market Share Forecast by Region (2026-2031)

Table 26. Global Heavy Fuel Oil (HFO) Market Average Price (US$/Ton) by Region (2020-2025)

Table 27. Global Heavy Fuel Oil (HFO) Market Average Price (US$/Ton) by Region (2026-2031)

Table 28. Global Heavy Fuel Oil (HFO) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)

Table 29. Global Heavy Fuel Oil (HFO) Consumption by Region (2020-2025) & (Tons)

Table 30. Global Heavy Fuel Oil (HFO) Consumption Market Share by Region (2020-2025)

Table 31. Global Heavy Fuel Oil (HFO) Forecasted Consumption by Region (2026-2031) & (Tons)

Table 32. Global Heavy Fuel Oil (HFO) Forecasted Consumption Market Share by Region (2026-2031)

Table 33. North America Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

Table 34. North America Heavy Fuel Oil (HFO) Consumption by Country (2020-2025) & (Tons)

Table 35. North America Heavy Fuel Oil (HFO) Consumption by Country (2026-2031) & (Tons)

Table 36. Europe Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

Table 37. Europe Heavy Fuel Oil (HFO) Consumption by Country (2020-2025) & (Tons)

Table 38. Europe Heavy Fuel Oil (HFO) Consumption by Country (2026-2031) & (Tons)

Table 39. Asia Pacific Heavy Fuel Oil (HFO) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)

Table 40. Asia Pacific Heavy Fuel Oil (HFO) Consumption by Region (2020-2025) & (Tons)

Table 41. Asia Pacific Heavy Fuel Oil (HFO) Consumption by Region (2026-2031) & (Tons)

Table 42. Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

Table 43. Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption by Country (2020-2025) & (Tons)

Table 44. Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption by Country (2026-2031) & (Tons)

Table 45. Global Heavy Fuel Oil (HFO) Production (Tons) by Type (2020-2025)

Table 46. Global Heavy Fuel Oil (HFO) Production (Tons) by Type (2026-2031)

Table 47. Global Heavy Fuel Oil (HFO) Production Market Share by Type (2020-2025)

Table 48. Global Heavy Fuel Oil (HFO) Production Market Share by Type (2026-2031)

Table 49. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) by Type (2020-2025)

Table 50. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) by Type (2026-2031)

Table 51. Global Heavy Fuel Oil (HFO) Production Value Market Share by Type (2020-2025)

Table 52. Global Heavy Fuel Oil (HFO) Production Value Market Share by Type (2026-2031)

Table 53. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Type (2020-2025)

Table 54. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Type (2026-2031)

Table 55. Global Heavy Fuel Oil (HFO) Production (Tons) by Application (2020-2025)

Table 56. Global Heavy Fuel Oil (HFO) Production (Tons) by Application (2026-2031)

Table 57. Global Heavy Fuel Oil (HFO) Production Market Share by Application (2020-2025)

Table 58. Global Heavy Fuel Oil (HFO) Production Market Share by Application (2026-2031)

Table 59. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) by Application (2020-2025)

Table 60. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) by Application (2026-2031)

Table 61. Global Heavy Fuel Oil (HFO) Production Value Market Share by Application (2020-2025)

Table 62. Global Heavy Fuel Oil (HFO) Production Value Market Share by Application (2026-2031)

Table 63. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Application (2020-2025)

Table 64. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Application (2026-2031)

Table 65. Rosneft Heavy Fuel Oil (HFO) Company Information

Table 66. Rosneft Heavy Fuel Oil (HFO) Specification and Application

Table 67. Rosneft Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 68. Rosneft Main Business and Markets Served

Table 69. Rosneft Recent Developments/Updates

Table 70. Lukoil Heavy Fuel Oil (HFO) Company Information

Table 71. Lukoil Heavy Fuel Oil (HFO) Specification and Application

Table 72. Lukoil Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 73. Lukoil Main Business and Markets Served

Table 74. Lukoil Recent Developments/Updates

Table 75. Gazprom Heavy Fuel Oil (HFO) Company Information

Table 76. Gazprom Heavy Fuel Oil (HFO) Specification and Application

Table 77. Gazprom Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 78. Gazprom Main Business and Markets Served

Table 79. Gazprom Recent Developments/Updates

Table 80. Marathon Petroleum Heavy Fuel Oil (HFO) Company Information

Table 81. Marathon Petroleum Heavy Fuel Oil (HFO) Specification and Application

Table 82. Marathon Petroleum Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 83. Marathon Petroleum Main Business and Markets Served

Table 84. Marathon Petroleum Recent Developments/Updates

Table 85. ExxonMobil Heavy Fuel Oil (HFO) Company Information

Table 86. ExxonMobil Heavy Fuel Oil (HFO) Specification and Application

Table 87. ExxonMobil Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 88. ExxonMobil Main Business and Markets Served

Table 89. ExxonMobil Recent Developments/Updates

Table 90. BP Heavy Fuel Oil (HFO) Company Information

Table 91. BP Heavy Fuel Oil (HFO) Specification and Application

Table 92. BP Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 93. BP Main Business and Markets Served

Table 94. BP Recent Developments/Updates

Table 95. Chevron Heavy Fuel Oil (HFO) Company Information

Table 96. Chevron Heavy Fuel Oil (HFO) Specification and Application

Table 97. Chevron Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 98. Chevron Main Business and Markets Served

Table 99. Chevron Recent Developments/Updates

Table 100. Royal Dutch Shell Heavy Fuel Oil (HFO) Company Information

Table 101. Royal Dutch Shell Heavy Fuel Oil (HFO) Specification and Application

Table 102. Royal Dutch Shell Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 103. Royal Dutch Shell Main Business and Markets Served

Table 104. Royal Dutch Shell Recent Developments/Updates

Table 105. Qatar Petroleum Heavy Fuel Oil (HFO) Company Information

Table 106. Qatar Petroleum Heavy Fuel Oil (HFO) Specification and Application

Table 107. Qatar Petroleum Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 108. Qatar Petroleum Main Business and Markets Served

Table 109. Qatar Petroleum Recent Developments/Updates

Table 110. Sinopec Heavy Fuel Oil (HFO) Company Information

Table 111. Sinopec Heavy Fuel Oil (HFO) Specification and Application

Table 112. Sinopec Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 113. Sinopec Main Business and Markets Served

Table 114. Sinopec Recent Developments/Updates

Table 115. CNPC Heavy Fuel Oil (HFO) Company Information

Table 116. CNPC Heavy Fuel Oil (HFO) Specification and Application

Table 117. CNPC Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 118. CNPC Main Business and Markets Served

Table 119. CNPC Recent Developments/Updates

Table 120. CNOOC Heavy Fuel Oil (HFO) Company Information

Table 121. CNOOC Heavy Fuel Oil (HFO) Specification and Application

Table 122. CNOOC Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 123. CNOOC Main Business and Markets Served

Table 124. CNOOC Recent Developments/Updates

Table 125. Cepsa Heavy Fuel Oil (HFO) Company Information

Table 126. Cepsa Heavy Fuel Oil (HFO) Specification and Application

Table 127. Cepsa Heavy Fuel Oil (HFO) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

Table 128. Cepsa Main Business and Markets Served

Table 129. Cepsa Recent Developments/Updates

Table 130. Key Raw Materials Lists

Table 131. Raw Materials Key Suppliers Lists

Table 132. Heavy Fuel Oil (HFO) Distributors List

Table 133. Heavy Fuel Oil (HFO) Customers List

Table 134. Heavy Fuel Oil (HFO) Market Trends

Table 135. Heavy Fuel Oil (HFO) Market Drivers

Table 136. Heavy Fuel Oil (HFO) Market Challenges

Table 137. Heavy Fuel Oil (HFO) Market Restraints

Table 138. Research Programs/Design for This Report

Table 139. Key Data Information from Secondary Sources

Table 140. Key Data Information from Primary Sources

Table 141. Authors List of This Report

List of Figures

Figure 1. Product Picture of Heavy Fuel Oil (HFO)

Figure 2. Global Heavy Fuel Oil (HFO) Market Value by Type, (US$ Million) & (2020-2031)

Figure 3. Global Heavy Fuel Oil (HFO) Market Share by Type: 2024 VS 2031

Figure 4. Sulfur Content＜ 0.31% Product Picture

Figure 5. Sulfur Content 0.31% ~ 1.00% Product Picture

Figure 6. Sulfur Content > 1.00% Product Picture

Figure 7. Global Heavy Fuel Oil (HFO) Market Value by Application, (US$ Million) & (2020-2031)

Figure 8. Global Heavy Fuel Oil (HFO) Market Share by Application: 2024 VS 2031

Figure 9. Marine

Figure 10. Power Plants

Figure 11. Industrial Boilers

Figure 12. Others

Figure 13. Global Heavy Fuel Oil (HFO) Production Value (US$ Million), 2020 VS 2024 VS 2031

Figure 14. Global Heavy Fuel Oil (HFO) Production Value (US$ Million) & (2020-2031)

Figure 15. Global Heavy Fuel Oil (HFO) Production Capacity (Tons) & (2020-2031)

Figure 16. Global Heavy Fuel Oil (HFO) Production (Tons) & (2020-2031)

Figure 17. Global Heavy Fuel Oil (HFO) Average Price (US$/Ton) & (2020-2031)

Figure 18. Heavy Fuel Oil (HFO) Report Years Considered

Figure 19. Heavy Fuel Oil (HFO) Production Share by Manufacturers in 2024

Figure 20. Global Heavy Fuel Oil (HFO) Production Value Share by Manufacturers (2024)

Figure 21. Heavy Fuel Oil (HFO) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

Figure 22. The Global 5 and 10 Largest Players: Market Share by Heavy Fuel Oil (HFO) Revenue in 2024

Figure 23. Global Heavy Fuel Oil (HFO) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Figure 24. Global Heavy Fuel Oil (HFO) Production Value Market Share by Region: 2020 VS 2024 VS 2031

Figure 25. Global Heavy Fuel Oil (HFO) Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)

Figure 26. Global Heavy Fuel Oil (HFO) Production Market Share by Region: 2020 VS 2024 VS 2031

Figure 27. North America Heavy Fuel Oil (HFO) Production Value (US$ Million) Growth Rate (2020-2031)

Figure 28. Europe Heavy Fuel Oil (HFO) Production Value (US$ Million) Growth Rate (2020-2031)

Figure 29. China Heavy Fuel Oil (HFO) Production Value (US$ Million) Growth Rate (2020-2031)

Figure 30. Japan Heavy Fuel Oil (HFO) Production Value (US$ Million) Growth Rate (2020-2031)

Figure 31. Global Heavy Fuel Oil (HFO) Consumption by Region: 2020 VS 2024 VS 2031 (Tons)

Figure 32. Global Heavy Fuel Oil (HFO) Consumption Market Share by Region: 2020 VS 2024 VS 2031

Figure 33. North America Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 34. North America Heavy Fuel Oil (HFO) Consumption Market Share by Country (2020-2031)

Figure 35. U.S. Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 36. Canada Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 37. Europe Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 38. Europe Heavy Fuel Oil (HFO) Consumption Market Share by Country (2020-2031)

Figure 39. Germany Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 40. France Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 41. U.K. Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 42. Italy Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 43. Russia Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 44. Asia Pacific Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 45. Asia Pacific Heavy Fuel Oil (HFO) Consumption Market Share by Region (2020-2031)

Figure 46. China Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 47. Japan Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 48. South Korea Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 49. China Taiwan Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 50. Southeast Asia Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 51. India Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 52. Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 53. Latin America, Middle East & Africa Heavy Fuel Oil (HFO) Consumption Market Share by Country (2020-2031)

Figure 54. Mexico Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 55. Brazil Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 56. Turkey Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 57. GCC Countries Heavy Fuel Oil (HFO) Consumption and Growth Rate (2020-2031) & (Tons)

Figure 58. Global Production Market Share of Heavy Fuel Oil (HFO) by Type (2020-2031)

Figure 59. Global Production Value Market Share of Heavy Fuel Oil (HFO) by Type (2020-2031)

Figure 60. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Type (2020-2031)

Figure 61. Global Production Market Share of Heavy Fuel Oil (HFO) by Application (2020-2031)

Figure 62. Global Production Value Market Share of Heavy Fuel Oil (HFO) by Application (2020-2031)

Figure 63. Global Heavy Fuel Oil (HFO) Price (US$/Ton) by Application (2020-2031)

Figure 64. Heavy Fuel Oil (HFO) Value Chain

Figure 65. Channels of Distribution (Direct Vs Distribution)

Figure 66. Bottom-up and Top-down Approaches for This Report

Figure 67. Data Triangulation

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