IMO 2020 Compliant Marine Oil Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The IMO 2020 Compliant Marine Oil Market size is expected to grow at an annual average of CAGR 6% during the forecast period (2022-2028). The guidelines, known as “IMO 2020”, have reduced the sulfur content of fuel oil used on ships operating outside approved emission control zones from 3.5% previously to 0.50% m/m by mass. Restrictions were more stringent within certain already designated emission control zones. As Annex VI of the International Convention on the Prevention of Pollution of Ships was amended, this new restriction became mandatory (MARPOL). All fuel oils used on ships for combustion purposes must meet the IMO MARPOL Annex VI Fuel Oil Quality Standards (Regulation 18.3). For example, fuel oil must not contain additional substances or chemical wastes that threaten ship safety or impair mechanical performance.

The following segmentation are covered in this report:

By Application

• Oil Tankers
• Bulk Carriers
• General Cargo
• Container Ships
• Others

By Type

• Distillate/Marine Gas Oil (MGO)/Ultra-low Sulfur Marine Oil (ULSFO)
• Very-Low Sulfur Fuel Oil (VLSFO)

Company Profile

• BP
• Exxon Mobil
• Chevron
• Royal Dutch Shell
• China Petrochemical
• Petrobras
• PetroChina
• Indian Oil
• Total
• Gazpromneft Marine Bunker

Scope of the report

The research study analyses the IMO 2020 Compliant Marine Oil Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by IMO 2020 Compliant Marine Oil Market Report

• What was the IMO 2020 Compliant Marine Oil Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the IMO 2020 Compliant Marine Oil Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the IMO 2020 Compliant Marine Oil Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.