Global Sustainable Marine Fuels Industry Analysis Report

Dublin, May 24, 2024 (GLOBE NEWSWIRE) — The Global Sustainable Marine Fuels Market 2023-2028 report has been added to ResearchAndMarkets.com offering.

The global sustainable marine fuel market is projected to grow from $216.5 million in 2022 to $3.4 billion in 2028, at a compound annual growth rate (CAGR) of 59.4%.

The global Sustainable Marine Fuel market segments based on fuel type, vessel type and regional market analysis. The market size is given in value (in millions of dollars) and volume (in thousands of tons). The report also includes competitive intelligence, which ranks leading companies based on their product offerings in the sustainable marine fuel industry.

The report includes an ESG (environmental, social and governance) analysis of the sustainable marine fuels industry and companies’ recent actions in this area. The report includes SWOT analysis, Porter’s five forces analysis and market dynamics. It also provides detailed information on new technologies and developments taking place around the world in the sustainable marine fuel industry.

The report includes

• An overview of current and future global markets for sustainable marine fuels in the marine industry
• Global Market Trend Analysis with Market Revenue Data (Sales Data) for 2022, Estimates for 2023, Forecasts for 2024 and 2026, CAGR Projected to 2028
• Market size estimates and revenue forecasts for the global Sustainable Marine Fuel market, with market share analysis based on fuel type, vessel type and region
• Discussions on market dynamics, opportunities and challenges, as well as emerging technologies
• An overview of sustainability and ESG development trends in the industry, with a focus on ESG practices used by leading companies, their ESG rankings and consumer attitudes
• Competitive information, including company market shares, recent M&A activity and venture financing

Answers to key questions:

• What are the main factors driving the market growth?
  • The growing need for decarbonization of the maritime industry, favorable government policies, and stringent environmental policies and incentives are the key factors driving the market.
• Which ship type segment will dominate the market by the end of 2028?
  • The container ship segment will dominate the market until the end of 2028
• Which fuel segment will dominate the market by the end of 2028?
  • The biofuel segment will dominate the market until the end of 2028
• Which region will dominate the market by the end of 2028?
  • The Asia-Pacific region has the largest market share due to the growing maritime trade carried out through ports located in the region. Additionally, rising greenhouse gas emissions in countries such as China and India are increasing demand for clean fuel technologies.

Profiles of leading companies

• BP PLC company
• Cargill Inc.
• Chevron Renewable Energy Group
• DS Dansuk
• Exxon Mobil.
• Goodfuels (Fincoenergies)
• Neste
• Shell limited liability company
• Total energies
• UPM

Key Features:

Report attribute	Details
number of pages	87
Forecast period	2023 – 2028
Estimated market value (USD) in 2023	$0.22 billion
Projected market value (USD) until 2028	$3.4 billion
Compound annual growth rate	59.4%
Regions covered	Global

Key topics covered:

Chapter 1 Summary

• Market prospects
• Scope of the report
• Market summary

Chapter 2 Market overview

• overview
• Biofuels
• Hydrogen
• Ammonia
• Biomethanol
• Porter’s five forces analysis
• Value chain analysis
• overview
• SWOT analysis
• Climate policy and regulations
• IMO Marine Environment Protection Committee (MEPC)
• Paris Agreement
• European Green Deal

Chapter 3 Market dynamics

• A snapshot of market dynamics
• Market drivers
• Favorable government policy
• Green ammonia as a marine fuel
• Environmental policy and incentives
• Market challenges
• Volatility of raw material prices
• Market restrictions
• Unfair trade practices relating to biodiesel
• Market opportunities
• New industrial applications of green hydrogen
• Used cooking oil in the marine industry

Chapter 4 Emerging technologies and developments

• overview
• Development of algae-based raw materials

Chapter 5 Market segmentation analysis

• Segmentation breakdown
• Market analysis by fuel type
• Biofuel
• Biomethanol
• Ammonia
• Hydrogen
• Market analysis by ship type
• Containers
• Tankers
• Bulk carriers
• Other ships
• Geographic division
• Market analysis by region
• Asia and the Pacific
• Europe
• North America
• Middle East and Africa
• South America

Chapter 6 Competitive intelligence

Chapter 7 Sustainability in the Sustainable Marine Fuels Industry: An ESG Perspective

• ESG in the sustainable marine fuels industry
• ESG practices in the industry
• The future of ESG: emerging trends and opportunities
• Final remarks

Chapter 8 Annex

More information about this report can be found at https://www.researchandmarkets.com/r/w5ez7h

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• Global sustainable marine fuels market