“From 1 January 2020, The International Maritime Organization (IMO) will enforce a new Annex VI regulation on limiting sulphur content of bunker fuel to a maximum of 0.5% will enter into force. At present, the global sulphur content cap on bunker fuel is at 3.5%, a level considered easy to comply with for vessel operators. The global fuel sulphur cap is part of the IMO’s response to heightening environmental concerns, contributed in part by harmful emissions from ships.”

The article cited AMA's "Global Bunker Oil Market Study" explored CAGR of 9.5%. According to the report, Emphasizing On Blockchain-Based Technology for Bunker Fuels to Track Shipping Fuel Supply Chain. is one of the primary growth factors for the market. Rising Naval Fleet in Emerging Economies Such As India, China, and Others. is also expected to contribute significantly to the Bunker Oil market. Overall, applications of Bunker Oil, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Commercial Distributor, such as Major Oil Companies, is boosting the Bunker Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Vessel Type, such as Container Vessels, is boosting the Bunker Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Fuel Grades, such as IFO 380, is boosting the Bunker Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Bunker Oil market identified that the demand is rising in many different parts of the world as "Growth in the Global Shipping Industry. ". Furthermore, some recent industry insights like "10th April 2019, the Maritime and Port Authority (MPA) of Singapore published a list of licensed bunker suppliers that are able to provide IMO 2020 compliant fuels in Singapore with sulphur content of no more than 0.5%." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Bunker Oil market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bunker Oil market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Bunker Oil Market Study

Data Triangulation
The overall Bunker Oil market size is calculated using market estimation process, the Bunker Oil market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bunker Oil market size has been validated using both top-down and bottom-up approaches.