COVID-19 Impacts: Heavy Fuel Oil Market Will Decelerate at a CAGR of over -15% through 2020-2024|Rising Seaborne Trade Activities to Boost Growth| Technavio
Technavio has been monitoring the heavy fuel oil market and it is expected to decrease by USD 52.68 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Rising seaborne trade activities is one of the key factors driving the market growth.
Who are the top players in the market?
BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., Neste Oyj, PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA. are some of the major market participants.
Which region is expected to hold the highest market share?
Europe
What is the major trend of the market?
The adoption of scrubber technology is a major trend driving the market growth.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., Neste Oyj, PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rising seaborne trade activities have been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our heavy fuel oil market report covers the following areas:
Heavy Fuel Oil Market size
Heavy Fuel Oil Market trends
Heavy Fuel Oil Market analysis
This study identifies the adoption of scrubber technology as one of the prime reasons driving the heavy fuel oil market growth during the next few years.
Heavy Fuel Oil Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the heavy fuel oil market, including some of the vendors such as BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., Neste Oyj, PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA. Backed with competitive intelligence and benchmarking, our research reports on the heavy fuel oil market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist heavy fuel oil market growth during the next five years
Estimation of the heavy fuel oil market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the heavy fuel oil market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of heavy fuel oil market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2019
Market outlook
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Shipping - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Development of scrubber technology
Adoption of modular mini refineries
Usage of additives to improve the combustion of heavy fuel oil
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
BP Plc
Chevron Corp.
Exxon Mobil Corp.
Indian Oil Corp. Ltd.
Neste Oyj
PetroChina Co. Ltd.
Qatar Petroleum
Rosneft Oil Co.
Royal Dutch Shell Plc
TOTAL SA
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
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