Global Bunker Oil Market Forecasts 2018-2022: Increasing Naval Expenditure is a Major Driver – Key Players are BP, Chevron, Exxon Mobil, Gazprom, HPCL, Royal Dutch Shell – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Bunker Oil Market 2018-2022" report has been added to ResearchAndMarkets.com's
offering.

Global bunker oil market is projected to grow at a CAGR of 3.74% during
the period 2018-2022.

The report has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.

One trend in the market is growing LNG market. The LNG is used to reduce
emissions of greenhouse gases (GHG), as it is odorless, non-toxic, and
non-corrosive. It also evaporates quickly when exposed to air, leaving
no residue behind.

According to the report, one driver in the market is increasing naval
expenditure. The governments across the globe are increasing their
spending to raise the defense capacities of their countries to combat
external threats pertaining to security issues. The global military
expenditure is likely to increase considerably over the next few years.

Further, the report states that one challenge in the market is
fluctuations in oil and gas. The bunker oil is directly linked to the
crude oil prices, and its success or failure depends on the pricing of
this commodity. The oil and gas industry witnessed a prolonged period of
low crude oil prices since July 2014.

Key Vendors

• BP
• Chevron
• Exxon Mobil
• Gazprom
• HPCL
• Royal Dutch Shell

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/7r5mr6/global_bunker_oil?w=4

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Topics: Oil