Bunker Fuel Market Overview 

As per Mordor Intelligence, the global bunker fuel market is valued at USD 153.65 billion in 2025 and is expected to expand to USD 177.26 billion by 2030, registering a CAGR of 2.9% over the forecast period from 2025 to 2030. This growth is underpinned by steady global seaborne trade activity, increasing bunker fuel consumption from bulk carriers and tanker fleets, and sustained investments in low-sulfur and compliant marine fuels aligned with IMO 2020 sulfur emission regulations. 

Market Drivers & Insights Shaping the Global Bunker Fuel Market 

Rising Demand for Low-Sulfur Marine Fuels 

One of the most influential trends in the bunker fuel market is the continued shift toward very low sulfur fuel oil (VLSFO) and marine gas oil. The IMO 2020 regulation limiting sulfur content to 0.5% has made VLSFO the preferred compliance fuel across major ports.  

Growing Adoption of LNG as a Marine Fuel 

The LNG bunker fuel segment is gaining traction as shipowners seek fuels with lower sulfur oxide and nitrogen oxide emissions. LNG-fueled vessels are increasing in number, supported by expanding LNG bunkering infrastructure at major ports.  

Expansion of Bunkering Infrastructure at Strategic Ports 

Ports such as Singapore, Fujairah, Rotterdam, and Shanghai continue to strengthen their roles as global bunkering hubs. Investments in storage terminals, LNG bunkering vessels, and fuel blending facilities are improving supply reliability and turnaround times.  

Emergence of Alternative and Blended Marine Fuels 

Alongside conventional fuels, the bunker fuel market is seeing early adoption of biofuel blends and pilot projects for ammonia-based marine fuels. While these fuels remain limited in scale, they signal gradual diversification within the marine fuel supply chain, particularly in regions with strong environmental oversight. 

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Bunker Fuel Market Categorization  

Core Market Participants in the Global Bunker Fuel Market 

Conclusion 

The global bunker fuel market is expected to maintain steady growth through 2030, supported by consistent maritime trade, regulatory compliance requirements, and gradual changes in fuel preferences. While VLSFO remains the dominant fuel, LNG continues to gain importance as fleets expand and bunkering infrastructure matures. Regional growth will remain strongest in Asia-Pacific and the Middle East, supported by port expansion and high vessel traffic. 

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