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Global Very Low Sulphur Fuel Oil (VLSFO) Market Research Report 2025

Global Very Low Sulphur Fuel Oil (VLSFO) Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1797049

No of Pages : 100

Synopsis
As a kind of refined oil, fuel oil is a heavy residual product separated from crude oil after gasoline, coal and diesel in the process of petroleum processing. Fuel oil is mainly used in refining, chemical industry, transportation (mainly Marine), power generation in power plants, construction, metallurgy and other industrial fields. VLSFO is mainly used in ships.
Low sulphur fuel oil is fuel oil with relatively low sulphur content. In the marine market, the reason why it is necessary to distinguish between high and low sulphur fuel oil is because according to the requirements of IMO, the sulphur content of fuel oil used by global seagoing ships shall not exceed 0.5% from January 1, 2020; but if Ships equipped with desulfurization equipment that meet the requirements can continue to use the 3.5% (sulphur content) fuel oil that was the mainstream in the market; finally, because the sulphur content of ships passing through Europe, America and China's ECA areas is limited to 0.1%, this makes the sulphur content Below 0.5%, a 0.1% demarcation line needs to be drawn.
Therefore, based on the above situation, we divide the definition of high and low sulphur fuel oil in the marine market into three parts: HSFO refers to fuel oil with a sulphur content limit of 3.5%, and the sulphur content limit corresponding to LSFO or VLSFO should be 0.5%; ultra-low sulphur fuel oil (ULSFO) corresponds to the upper limit of 0.1% sulphur content.
Global Very Low Sulphur Fuel Oil (VLSFO) market is projected to reach US$ 58040 million in 2029, increasing from US$ 33630 million in 2022, with the CAGR of 8.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Very Low Sulphur Fuel Oil (VLSFO) market research.
Key manufacturers engaged in the Very Low Sulphur Fuel Oil (VLSFO) industry include Qatar Petroleum, Shell, TotalEnergies, ExxonMobil, Monjasa, Stena Oil, Petrobras, Cepsa and Viva Energy, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.
For production bases, global Very Low Sulphur Fuel Oil (VLSFO) production is dominated by and . The two regions contributed to % production share globally in 2022.
When refers to consumption region, % volume of Very Low Sulphur Fuel Oil (VLSFO) were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Very Low Sulphur Fuel Oil (VLSFO) market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Very Low Sulphur Fuel Oil (VLSFO) market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Qatar Petroleum
Shell
TotalEnergies
ExxonMobil
Monjasa
Stena Oil
Petrobras
Cepsa
Viva Energy
BP
Sinopec
SK Energy
Singapore Refining Company (SRC)
Vitol Bunkers
Uniper Energy DMCC
Segment by Type
0.5% VLSFO
Below 0.5% VLSFO
Segment by Application
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Very Low Sulphur Fuel Oil (VLSFO) report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index
1 Very Low Sulphur Fuel Oil (VLSFO) Market Overview
1.1 Product Definition
1.2 Very Low Sulphur Fuel Oil (VLSFO) Segment by Type
1.2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 0.5% VLSFO
1.2.3 Below 0.5% VLSFO
1.3 Very Low Sulphur Fuel Oil (VLSFO) Segment by Application
1.3.1 Global Very Low Sulphur Fuel Oil (VLSFO) Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Tanker Vessels
1.3.3 Container Vessels
1.3.4 Bulk Vessels
1.3.5 General Cargo Vessels
1.4 Global Market Growth Prospects
1.4.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Estimates and Forecasts (2018-2029)
1.4.4 Global Very Low Sulphur Fuel Oil (VLSFO) Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Market Share by Manufacturers (2018-2023)
2.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Very Low Sulphur Fuel Oil (VLSFO), Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Very Low Sulphur Fuel Oil (VLSFO) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Very Low Sulphur Fuel Oil (VLSFO) Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Very Low Sulphur Fuel Oil (VLSFO), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Very Low Sulphur Fuel Oil (VLSFO), Product Offered and Application
2.8 Global Key Manufacturers of Very Low Sulphur Fuel Oil (VLSFO), Date of Enter into This Industry
2.9 Very Low Sulphur Fuel Oil (VLSFO) Market Competitive Situation and Trends
2.9.1 Very Low Sulphur Fuel Oil (VLSFO) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Very Low Sulphur Fuel Oil (VLSFO) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Very Low Sulphur Fuel Oil (VLSFO) Production by Region
3.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Region (2018-2029)
3.2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Very Low Sulphur Fuel Oil (VLSFO) by Region (2024-2029)
3.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Region (2018-2029)
3.4.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Very Low Sulphur Fuel Oil (VLSFO) by Region (2024-2029)
3.5 Global Very Low Sulphur Fuel Oil (VLSFO) Market Price Analysis by Region (2018-2023)
3.6 Global Very Low Sulphur Fuel Oil (VLSFO) Production and Value, Year-over-Year Growth
3.6.1 North America Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Very Low Sulphur Fuel Oil (VLSFO) Production Value Estimates and Forecasts (2018-2029)
4 Very Low Sulphur Fuel Oil (VLSFO) Consumption by Region
4.1 Global Very Low Sulphur Fuel Oil (VLSFO) Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Very Low Sulphur Fuel Oil (VLSFO) Consumption by Region (2018-2029)
4.2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Consumption by Region (2018-2023)
4.2.2 Global Very Low Sulphur Fuel Oil (VLSFO) Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Very Low Sulphur Fuel Oil (VLSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Very Low Sulphur Fuel Oil (VLSFO) Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Very Low Sulphur Fuel Oil (VLSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Very Low Sulphur Fuel Oil (VLSFO) Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Very Low Sulphur Fuel Oil (VLSFO) Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Very Low Sulphur Fuel Oil (VLSFO) Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Type (2018-2029)
5.1.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Type (2018-2023)
5.1.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Type (2024-2029)
5.1.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Market Share by Type (2018-2029)
5.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Type (2018-2029)
5.2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Type (2018-2023)
5.2.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Type (2024-2029)
5.2.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Market Share by Type (2018-2029)
5.3 Global Very Low Sulphur Fuel Oil (VLSFO) Price by Type (2018-2029)
6 Segment by Application
6.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Application (2018-2029)
6.1.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Application (2018-2023)
6.1.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production by Application (2024-2029)
6.1.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Market Share by Application (2018-2029)
6.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Application (2018-2029)
6.2.1 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Application (2018-2023)
6.2.2 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value by Application (2024-2029)
6.2.3 Global Very Low Sulphur Fuel Oil (VLSFO) Production Value Market Share by Application (2018-2029)
6.3 Global Very Low Sulphur Fuel Oil (VLSFO) Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Qatar Petroleum
7.1.1 Qatar Petroleum Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.1.2 Qatar Petroleum Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.1.3 Qatar Petroleum Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Qatar Petroleum Main Business and Markets Served
7.1.5 Qatar Petroleum Recent Developments/Updates
7.2 Shell
7.2.1 Shell Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.2.2 Shell Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.2.3 Shell Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Shell Main Business and Markets Served
7.2.5 Shell Recent Developments/Updates
7.3 TotalEnergies
7.3.1 TotalEnergies Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.3.2 TotalEnergies Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.3.3 TotalEnergies Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.3.4 TotalEnergies Main Business and Markets Served
7.3.5 TotalEnergies Recent Developments/Updates
7.4 ExxonMobil
7.4.1 ExxonMobil Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.4.2 ExxonMobil Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.4.3 ExxonMobil Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.4.4 ExxonMobil Main Business and Markets Served
7.4.5 ExxonMobil Recent Developments/Updates
7.5 Monjasa
7.5.1 Monjasa Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.5.2 Monjasa Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.5.3 Monjasa Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Monjasa Main Business and Markets Served
7.5.5 Monjasa Recent Developments/Updates
7.6 Stena Oil
7.6.1 Stena Oil Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.6.2 Stena Oil Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.6.3 Stena Oil Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Stena Oil Main Business and Markets Served
7.6.5 Stena Oil Recent Developments/Updates
7.7 Petrobras
7.7.1 Petrobras Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.7.2 Petrobras Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.7.3 Petrobras Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Petrobras Main Business and Markets Served
7.7.5 Petrobras Recent Developments/Updates
7.8 Cepsa
7.8.1 Cepsa Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.8.2 Cepsa Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.8.3 Cepsa Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Cepsa Main Business and Markets Served
7.7.5 Cepsa Recent Developments/Updates
7.9 Viva Energy
7.9.1 Viva Energy Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.9.2 Viva Energy Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.9.3 Viva Energy Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Viva Energy Main Business and Markets Served
7.9.5 Viva Energy Recent Developments/Updates
7.10 BP
7.10.1 BP Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.10.2 BP Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.10.3 BP Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.10.4 BP Main Business and Markets Served
7.10.5 BP Recent Developments/Updates
7.11 Sinopec
7.11.1 Sinopec Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.11.2 Sinopec Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.11.3 Sinopec Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Sinopec Main Business and Markets Served
7.11.5 Sinopec Recent Developments/Updates
7.12 SK Energy
7.12.1 SK Energy Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.12.2 SK Energy Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.12.3 SK Energy Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.12.4 SK Energy Main Business and Markets Served
7.12.5 SK Energy Recent Developments/Updates
7.13 Singapore Refining Company (SRC)
7.13.1 Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.13.2 Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.13.3 Singapore Refining Company (SRC) Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Singapore Refining Company (SRC) Main Business and Markets Served
7.13.5 Singapore Refining Company (SRC) Recent Developments/Updates
7.14 Vitol Bunkers
7.14.1 Vitol Bunkers Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.14.2 Vitol Bunkers Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.14.3 Vitol Bunkers Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Vitol Bunkers Main Business and Markets Served
7.14.5 Vitol Bunkers Recent Developments/Updates
7.15 Uniper Energy DMCC
7.15.1 Uniper Energy DMCC Very Low Sulphur Fuel Oil (VLSFO) Corporation Information
7.15.2 Uniper Energy DMCC Very Low Sulphur Fuel Oil (VLSFO) Product Portfolio
7.15.3 Uniper Energy DMCC Very Low Sulphur Fuel Oil (VLSFO) Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Uniper Energy DMCC Main Business and Markets Served
7.15.5 Uniper Energy DMCC Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Very Low Sulphur Fuel Oil (VLSFO) Industry Chain Analysis
8.2 Very Low Sulphur Fuel Oil (VLSFO) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Very Low Sulphur Fuel Oil (VLSFO) Production Mode & Process
8.4 Very Low Sulphur Fuel Oil (VLSFO) Sales and Marketing
8.4.1 Very Low Sulphur Fuel Oil (VLSFO) Sales Channels
8.4.2 Very Low Sulphur Fuel Oil (VLSFO) Distributors
8.5 Very Low Sulphur Fuel Oil (VLSFO) Customers
9 Very Low Sulphur Fuel Oil (VLSFO) Market Dynamics
9.1 Very Low Sulphur Fuel Oil (VLSFO) Industry Trends
9.2 Very Low Sulphur Fuel Oil (VLSFO) Market Drivers
9.3 Very Low Sulphur Fuel Oil (VLSFO) Market Challenges
9.4 Very Low Sulphur Fuel Oil (VLSFO) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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