The IMO 2020 compliant marine oil market is further segmented on the basis of type, application, and region. Detailed description about the MARPOL regulation and alternatives to comply with the rule are also analyzed in the study. The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).
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While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different applications that include oil tankers, bulk carriers, general cargo, container ships, and others. In the type segment, the market is segmented into ultra-low sulfur fuel oil and very-low sulfur fuel oil.
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The IMO 2020 compliant marine oil market is segregated by region into four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided in the study.
Key Questions Answered in this Report:
- What are the trends in the global IMO 2020 compliant marine oil market across different regions?
- For a new company looking to enter into the market, which areas could it focus upon to stay ahead of the competition?
- How do the existing market players function to improve their market positioning?
- How does the supply chain function in the global IMO 2020 compliant marine oil market?
- What are the major challenges inhibiting the growth of the global IMO 2020 compliant marine oil market?
- Which type of marine oil is expected to witness the maximum demand growth in the global IMO 2020 compliant marine oil market during 2019-2029?
- Which are the key application areas for which different IMO 2020 compliant marine oil experienced high demand in 2018, and which application areas should be targeted by the manufacturers of different types of marine oil during the forecast period, 2019-2029?
- How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment?
- What are the key offerings of the prominent companies in the market for IMO 2020 compliant marine oil? Which regions and countries are leading in terms of consumption of IMO 2020 compliant marine oil, and which of them are expected to witness high demand growth through the period 2019-2029?
- Which are the consumption patterns of IMO 2020 compliant marine oil across application areas in different regions and countries during the period 2019-2029?
Key Market Players
The key market players in the global IMO 2020 compliant marine oil market include BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Petrobras, PetroChina Company Limited, Indian Oil Corporation Ltd, Total, and Gazpromneft Marine Bunker Ltd.
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