Sustainable Marine Fuels Market

Sustainable Marine Fuels Market by Fuel Type (Renewable Diesel, Biodiesel, Bio-Oil, Biocrude, Ammionia, Bio-Methanol, Others), By Conversion Process (Fisher-Tropsch Synthesis, Anaerobic Digestion, Hydrothermal Liquefaction & Partial Hydrotreating, Amonia Synthesis, Others), by Ship Type( Commercial, Defense) and Region - Global Forecast to 2028

Report Code: UC 6212 Apr, 2024, by marketsandmarkets.com

Exhaustive secondary research was done to collect information on sustainable marine fuels market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Ddemand-side analyses were carried out to estimate the overall size of the market. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, Business Week, and different magazines were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and research papers.

Primary Research

Extensive primary research was conducted after acquiring information regarding the sustainable marine fuels market scenario through secondary research. The market for sustainable marine fuels is being driven by a range of stakeholders, including boat manufacturers, infrastructure providers, and governments. The demand-side of this market is characterized by various end users, such as component manufacturers as well as facility providers and service providers. The supply side is characterized by technological advancements and the development in sustainable marine fuels. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Sustainable Marine Fuels Market Size, and Share

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Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the sustainable marine fuels market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments, the data triangulation procedure has been implemented, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the size of the sustainable marine fuels market based on ship type, fuel type, conversion type and region.
  • To forecast the size of different segments of the market with respect to five key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, along with their key countries
  • To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To identify technology trends currently prevailing in the sustainable marine fuels market
  • To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders by identifying the key market trends
  • To profile the leading market players and comprehensively analyze their market share and core competencies.
  • To analyze the degree of competition in the market by identifying the key growth strategies, such as acquisitions, new product launches, contracts, and partnerships, adopted by the leading market players.
  • To identify detailed financial positions, key products, and unique selling points of the leading companies in the market
  • To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of the key players

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Scope of the Report

Segment

Subsegment

Market size available for years

2023–2028

Base year considered

2022

Forecast period

2023-2028

Forecast units

Value (USD Million)

Segments covered

By Ship Type, By Fuel Type, By Conversion Process

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Companies covered

Exxon Mobil Corporation (US), Chevron Corporation (US), British Petroleum (BP) (UK), Shell (UK), Total Energies SE (France), Neste Corporation (Finland), Gazprom International Limited (Netherlands), Evergent Technologies, Inc. (US), Sunpine AB (Sweden), GoodFuels (Netherlands) are some of the major players of Sustainable Marine Fuels Market. (25 Companies)

Sustainable Marine Fuels Market Highlights

The study categorizes the Sustainable marine fuels market based on Propulsion, Application, Engine Position, Type, Size and Region.

Segment

Subsegment

By Ship Type

  • Commercial
  • Defense

By Fuel Type

  • Renewable Diesel
  • Biodiesel
  • Bio-Oil
  • Biocrude
  • Ammonia
  • Bio-Methanol
  • Others

By Conversion Process

  • Fisher-Tropsch Synthesis
  • Anaerobic Digestion
  • Hydrothermal Liquefaction & Partial Hydrotreating
  • Ammonia Synthesis
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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