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Caribbean Islands Bunker Fuel Market to Experience Exponential Growth by 2023

The Caribbean islands bunker fuel market was valued at $8,231 million in 2016, and is projected to reach $16,404 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023. Fishing vessel is anticipated to grow at the highest rate during the forecast period,

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Caribbean Islands Bunker Fuel Market to Experience Exponential Growth by 2023

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  1. Caribbean Islands Bunker Fuel Market Opportunity Analysis and Industry Forecast, 2017-2023 Pages : 158 Publish Date: Nov 2017

  2. Caribbean Islands Bunker Fuel Market “The estimated size of the natural gas resources has steadily risen since the 1990s, due to the increased feasibility of extracting gas from unconventional deposits. LNG, which includes shale gas, tight gas, coal bed methane, and methane hydrates, has been difficult and expensive to exploit than conventional deposits, until recently. These resources are projected to help close the widening gap between domestic production and consumption, but present greater environmental challenges in their production.” BiswaSinha Senior Research Analyst, Consumer Goods At AMR

  3. Caribbean Islands Bunker Fuel Market Overview • The Caribbean Islands Bunker Fuel Market was valued at $8,231 million in 2016, and is projected to reach $16,404 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023. Fishing vessel is anticipated to grow at the highest rate during the forecast period, as this vessel possesses high potential to use battery solutions because diesel engines do not have better efficiency even at low speeds. Thus, boats/ships can be built on diesel-electric power while operating in low speeds for a couple of hours. • International Maritime Organizations (IMO) regulation to implement sulfur cap for marine fuels and increase in marine-borne trade drive the growth of the Caribbean islands bunker fuel market growth. In addition, availability of alternative sources for marine fuel is expected to supplement the market growth in the future. • Read more at : https://www.alliedmarketresearch.com/caribbean-islands-bunker-fuel-market

  4. Caribbean Islands Bunker Fuel Market Key Benefits • In 2016, residual fuel oil accounted for the maximum market revenue, and is projected to grow at a CAGR of 10.2 % during the forecast period. • IFO 380 is expected to grow at the fastest rate of 10.2% during the forecast period. • Small independent commercial distributor is anticipated to register the highest CAGR of 11.1%. • Container shipping generated the maximum revenue in 2016, accounting for $1,806 million in the Caribbean islands bunker fuel market.

  5. Caribbean Islands Bunker Fuel Market By Geography

  6. Caribbean Islands Bunker Fuel Market By Commercial Distributor

  7. Caribbean Islands Bunker Fuel Market By Type

  8. Key Players In Industry • Adani Group • C-FUELS AMERICA LLC • PT. DoeaTigaSinergi Indonesia • SYS Shipping & Bunkering Ltd. • Topoil AB • Totos Oil • UmorniKosac D.O.O. • Download free Sample Report : • https://www.alliedmarketresearch.com/request-sample/4511

  9. Caribbean Islands Bunker Fuel Market Segments

  10. Caribbean Islands Bunker Fuel Market By Geography • North America, Europe, Asia-Pacific, LAMEA

  11. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/caribbean-islands-bunker-fuel-market Follow Us On

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