Report overview
For this reason, today the term ultra-low sulfur fuel oil usually refers not to desulfurized heavy fuel oils, but to marine gasoil, which is already low in sulfur. It is composed exclusively of distillates and has a sulfur content of under 0.1%. This marine fuel is also known as ultra-low marine gasoil.
This report contains market size and forecasts of Ultra Low Sulphur Fuel Oil (ULSFO) in global, including the following market information:
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Sales, 2018-2023, 2023-2030, (Tons)
Global top five Ultra Low Sulphur Fuel Oil (ULSFO) companies in 2022 (%)
The global Ultra Low Sulphur Fuel Oil (ULSFO) market was valued at US$ million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Heavy Fuel Oil Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Ultra Low Sulphur Fuel Oil (ULSFO) include Shell Global, Orim Energy, Bomin Group, TotalEnergies Marine Fuels, CEPSA, Stena Oil, Qatar Petroleum and Monjasa, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We has surveyed the Ultra Low Sulphur Fuel Oil (ULSFO) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Segment Percentages, by Type, 2022 (%)
Heavy Fuel Oil
Light Fuel Oil
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Segment Percentages, by Application, 2022 (%)
Small Oceangoing Ships
Medium Oceangoing Ships
Large and Very Large Oceangoing Ships
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Ultra Low Sulphur Fuel Oil (ULSFO) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Ultra Low Sulphur Fuel Oil (ULSFO) revenues share in global market, 2022 (%)
Key companies Ultra Low Sulphur Fuel Oil (ULSFO) sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Ultra Low Sulphur Fuel Oil (ULSFO) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Shell Global
Orim Energy
Bomin Group
TotalEnergies Marine Fuels
CEPSA
Stena Oil
Qatar Petroleum
Monjasa
