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.
The global Ultra Low Sulphur Fuel Oil (ULSFO) market is projected to reach US$ 1114.9 million in 2029, increasing from US$ 632 million in 2022, with the CAGR of 8.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Ultra Low Sulphur Fuel Oil (ULSFO) market research.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Ultra Low Sulphur Fuel Oil (ULSFO) market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Shell Global
Orim Energy
Bomin Group
TotalEnergies Marine Fuels
CEPSA
Stena Oil
Qatar Petroleum
Monjasa
Segment by Type
Heavy Fuel Oil
Light Fuel Oil
Segment by Application
Small Oceangoing Ships
Medium Oceangoing Ships
Large and Very Large Oceangoing Ships
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Ultra Low Sulphur Fuel Oil (ULSFO) report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Ultra Low Sulphur Fuel Oil (ULSFO) Market Overview
1.1 Product Definition
1.2 Ultra Low Sulphur Fuel Oil (ULSFO) Segment by Type
1.2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Heavy Fuel Oil
1.2.3 Light Fuel Oil
1.3 Ultra Low Sulphur Fuel Oil (ULSFO) Segment by Application
1.3.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Small Oceangoing Ships
1.3.3 Medium Oceangoing Ships
1.3.4 Large and Very Large Oceangoing Ships
1.4 Global Market Growth Prospects
1.4.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Estimates and Forecasts (2018-2029)
1.4.4 Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Market Share by Manufacturers (2018-2023)
2.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Ultra Low Sulphur Fuel Oil (ULSFO), Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Ultra Low Sulphur Fuel Oil (ULSFO) Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Ultra Low Sulphur Fuel Oil (ULSFO), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Ultra Low Sulphur Fuel Oil (ULSFO), Product Offered and Application
2.8 Global Key Manufacturers of Ultra Low Sulphur Fuel Oil (ULSFO), Date of Enter into This Industry
2.9 Ultra Low Sulphur Fuel Oil (ULSFO) Market Competitive Situation and Trends
2.9.1 Ultra Low Sulphur Fuel Oil (ULSFO) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Ultra Low Sulphur Fuel Oil (ULSFO) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Ultra Low Sulphur Fuel Oil (ULSFO) Production by Region
3.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Region (2018-2029)
3.2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Ultra Low Sulphur Fuel Oil (ULSFO) by Region (2024-2029)
3.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Region (2018-2029)
3.4.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Ultra Low Sulphur Fuel Oil (ULSFO) by Region (2024-2029)
3.5 Global Ultra Low Sulphur Fuel Oil (ULSFO) Market Price Analysis by Region (2018-2023)
3.6 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production and Value, Year-over-Year Growth
3.6.1 North America Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Estimates and Forecasts (2018-2029)
4 Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Region
4.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Region (2018-2029)
4.2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Region (2018-2023)
4.2.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Ultra Low Sulphur Fuel Oil (ULSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Ultra Low Sulphur Fuel Oil (ULSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Country (2018-2029)
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 Ultra Low Sulphur Fuel Oil (ULSFO) Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Region (2018-2029)
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 Ultra Low Sulphur Fuel Oil (ULSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Ultra Low Sulphur Fuel Oil (ULSFO) Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Type (2018-2029)
5.1.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Type (2018-2023)
5.1.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Type (2024-2029)
5.1.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Market Share by Type (2018-2029)
5.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Type (2018-2029)
5.2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Type (2018-2023)
5.2.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Type (2024-2029)
5.2.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Market Share by Type (2018-2029)
5.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Price by Type (2018-2029)
6 Segment by Application
6.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Application (2018-2029)
6.1.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Application (2018-2023)
6.1.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production by Application (2024-2029)
6.1.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Market Share by Application (2018-2029)
6.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Application (2018-2029)
6.2.1 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Application (2018-2023)
6.2.2 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value by Application (2024-2029)
6.2.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Production Value Market Share by Application (2018-2029)
6.3 Global Ultra Low Sulphur Fuel Oil (ULSFO) Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Shell Global
7.1.1 Shell Global Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.1.2 Shell Global Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.1.3 Shell Global Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Shell Global Main Business and Markets Served
7.1.5 Shell Global Recent Developments/Updates
7.2 Orim Energy
7.2.1 Orim Energy Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.2.2 Orim Energy Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.2.3 Orim Energy Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Orim Energy Main Business and Markets Served
7.2.5 Orim Energy Recent Developments/Updates
7.3 Bomin Group
7.3.1 Bomin Group Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.3.2 Bomin Group Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.3.3 Bomin Group Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Bomin Group Main Business and Markets Served
7.3.5 Bomin Group Recent Developments/Updates
7.4 TotalEnergies Marine Fuels
7.4.1 TotalEnergies Marine Fuels Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.4.2 TotalEnergies Marine Fuels Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.4.3 TotalEnergies Marine Fuels Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.4.4 TotalEnergies Marine Fuels Main Business and Markets Served
7.4.5 TotalEnergies Marine Fuels Recent Developments/Updates
7.5 CEPSA
7.5.1 CEPSA Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.5.2 CEPSA Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.5.3 CEPSA Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.5.4 CEPSA Main Business and Markets Served
7.5.5 CEPSA Recent Developments/Updates
7.6 Stena Oil
7.6.1 Stena Oil Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.6.2 Stena Oil Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.6.3 Stena Oil Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Stena Oil Main Business and Markets Served
7.6.5 Stena Oil Recent Developments/Updates
7.7 Qatar Petroleum
7.7.1 Qatar Petroleum Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.7.2 Qatar Petroleum Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.7.3 Qatar Petroleum Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Qatar Petroleum Main Business and Markets Served
7.7.5 Qatar Petroleum Recent Developments/Updates
7.8 Monjasa
7.8.1 Monjasa Ultra Low Sulphur Fuel Oil (ULSFO) Corporation Information
7.8.2 Monjasa Ultra Low Sulphur Fuel Oil (ULSFO) Product Portfolio
7.8.3 Monjasa Ultra Low Sulphur Fuel Oil (ULSFO) Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Monjasa Main Business and Markets Served
7.7.5 Monjasa Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Ultra Low Sulphur Fuel Oil (ULSFO) Industry Chain Analysis
8.2 Ultra Low Sulphur Fuel Oil (ULSFO) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Ultra Low Sulphur Fuel Oil (ULSFO) Production Mode & Process
8.4 Ultra Low Sulphur Fuel Oil (ULSFO) Sales and Marketing
8.4.1 Ultra Low Sulphur Fuel Oil (ULSFO) Sales Channels
8.4.2 Ultra Low Sulphur Fuel Oil (ULSFO) Distributors
8.5 Ultra Low Sulphur Fuel Oil (ULSFO) Customers
9 Ultra Low Sulphur Fuel Oil (ULSFO) Market Dynamics
9.1 Ultra Low Sulphur Fuel Oil (ULSFO) Industry Trends
9.2 Ultra Low Sulphur Fuel Oil (ULSFO) Market Drivers
9.3 Ultra Low Sulphur Fuel Oil (ULSFO) Market Challenges
9.4 Ultra Low Sulphur Fuel Oil (ULSFO) Market Restraints
10 Research Finding 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
Shell Global
Orim Energy
Bomin Group
TotalEnergies Marine Fuels
CEPSA
Stena Oil
Qatar Petroleum
Monjasa
*If Applicable.