Market Overview:
The global marine diesel oil (MDO) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for MDO from the shipping and marine industries, owing to its properties such as low volatility, high cetane number, and low sulphur content. In addition, stringent environmental regulations regarding emissions are also driving the demand for MDO in various regions across the globe. Based on type, light diesel oil is projected to be the fastest-growing segment of the global marine diesel oil market during the forecast period. This can be attributed to its properties such as high flash point and low volatility which make it suitable for use in low-speed marine diesel engines.
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Product Definition:
Marine diesel oil is a type of fuel oil that is used to power ships and boats. It is a heavy, viscous oil that is distilled from crude oil. Marine diesel oil has a high sulfur content, which makes it resistant to corrosion and allows it to be used in low-temperature environments.
Light Diesel Oil:
Light diesel oil (LDO) is a type of marine diesel oil which contains lower amount of contaminants and sulfur as compared to other types of oils. LDO has been gaining importance in the market owing to its low sulfur content, less number of aromatics & longer shelf life. It also helps in reducing fuel consumption and CO2 emissions at sea, along with providing better protection against corrosion.
Heavy-Duty Diesel Oil:
Heavy-duty diesel oil (HDDO) is a type of marine diesel oil which finds its major application in the transportation industry. It is also used as fuel for ships and other waterborne vessels. Hudden-duty diesel oils are formulated to meet API specifications, contain specified amounts of additives and lubricants, and comply with emission regulations set by authorities such as U.S. EPA, British Petroleum (BP), Canadian Environmental Protection Act (CEPA), European Commission among others.
Application Insights:
On the basis of application, the global MDO market has been segmented into low-speed marine diesel engine, medium and high speed marine diesel engine and other applications. The other applications include rail Diesel Multiple Unit (DMU) engines and heavy-duty trucks. Low-speed marine diesel engines are widely used in small boats, recreational vehicles (RVs), personal watercraft (PWK) as well as commercial vessels with a deadweight capacity of 2 to 4 tons. Medium speed MDOs are primarily used in large ships while high speed MDO is mainly utilized for locomotive power on railways. Other major uses include buses, light trucks among others such as agricultural equipment or construction machinery where cleanliness is essential coupled with durability & efficiency is a must for purchasing an efficient product that suits the purpose best possible thereby driving the demand across all regions globally over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest shipbuilding markets, such as China, Japan, South Korea and India. These countries are also among the top five producers of ships with a tonnage of more than 1000 tons globally. Moreover, Asia Pacific has one of the largest ports for marine transportation globally with around 39% share in 2016.
Europe accounted for 24% share in terms of revenue in 2017 owing to stringent environmental regulations by various regulatory bodies like UICoE and IMO regarding carbon emissions from maritime transport activities coupled with growing emphasis on energy efficiency across all modes of transport including rail, road and sea transportation sectors worldwide.
Growth Factors:
- Increasing demand for marine transportation: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by the growth of global trade and increasing demand from emerging economies. This will result in an increase in demand for marine diesel oil.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations governing emissions from ships, which is resulting in an increase in adoption of MDO as a fuel for maritime vessels.
- Technological advancements: The maritime industry is undergoing rapid technological advancements, with new technologies such as hybrid propulsion systems being introduced into the market. This is resulting in an increased use of MDO as a fuel by maritime vessels operating on these advanced systems.
- Rising prices of crude oil: The prices of crude oil have been rising steadily over the past few years, reaching record levels recently. This has resulted in an increase in costs for shipowners, who are now looking to switch to cheaper alternatives such as MDO to reduce their overall expenses incurred on shipping operations.. 5) Growing popularity of LNG-powered ships: LNG-powered ships are becoming increasingly popular due to their lower emissions and superior fuel efficiency compared to traditional diesel-powered ships
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Diesel Oil (MDO) Market Research Report
By Type
Light Diesel Oil, Heavy-Duty Diesel Oil
By Application
Low-speed Marine Diesel Engine, Medium and High Speed Marine Diesel Engine
By Companies
BP, Shell, CNPC, EXXON MOBIL, Sinopec, Indian Oil, TOTAL, Pertamina, Chevron, Petronas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Marine Diesel Oil (MDO) Market Report Segments:
The global Marine Diesel Oil (MDO) market is segmented on the basis of:
Types
Light Diesel Oil, Heavy-Duty Diesel Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Low-speed Marine Diesel Engine, Medium and High Speed Marine Diesel Engine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BP
- Shell
- CNPC
- EXXON MOBIL
- Sinopec
- Indian Oil
- TOTAL
- Pertamina
- Chevron
- Petronas
 Market Overview.svg)
Highlights of The Marine Diesel Oil (MDO) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Diesel Oil
- Heavy-Duty Diesel Oil
- By Application:
- Low-speed Marine Diesel Engine
- Medium and High Speed Marine Diesel Engine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Diesel Oil (MDO) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine diesel oil (MDO) is a type of fuel oil used in marine engines. It is made from a blend of Bunker C and Heavy Fuel Oil, and it has a higher smoke point than most other fuels. MDO is also resistant to fouling, which makes it ideal for use in marine engines that are used in dirty or oily environments.
Some of the major companies in the marine diesel oil (mdo) market are BP, Shell, CNPC, EXXON MOBIL, Sinopec, Indian Oil, TOTAL, Pertamina, Chevron, Petronas.
The marine diesel oil (mdo) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Diesel Oil (MDO) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Diesel Oil (MDO) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Diesel Oil (MDO) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Diesel Oil (MDO) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Diesel Oil (MDO) Market Size & Forecast, 2020-2028
4.5.1 Marine Diesel Oil (MDO) Market Size and Y-o-Y Growth
4.5.2 Marine Diesel Oil (MDO) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Light Diesel Oil
5.2.2 Heavy-Duty Diesel Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Low-speed Marine Diesel Engine
6.2.2 Medium and High Speed Marine Diesel Engine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Diesel Oil (MDO) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Diesel Oil (MDO) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Light Diesel Oil
9.6.2 Heavy-Duty Diesel Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Low-speed Marine Diesel Engine
9.10.2 Medium and High Speed Marine Diesel Engine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Light Diesel Oil
10.6.2 Heavy-Duty Diesel Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Low-speed Marine Diesel Engine
10.10.2 Medium and High Speed Marine Diesel Engine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Light Diesel Oil
11.6.2 Heavy-Duty Diesel Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Low-speed Marine Diesel Engine
11.10.2 Medium and High Speed Marine Diesel Engine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Light Diesel Oil
12.6.2 Heavy-Duty Diesel Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Low-speed Marine Diesel Engine
12.10.2 Medium and High Speed Marine Diesel Engine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Light Diesel Oil
13.6.2 Heavy-Duty Diesel Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Low-speed Marine Diesel Engine
13.10.2 Medium and High Speed Marine Diesel Engine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Diesel Oil (MDO) Market: Competitive Dashboard
14.2 Global Marine Diesel Oil (MDO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BP
14.3.2 Shell
14.3.3 CNPC
14.3.4 EXXON MOBIL
14.3.5 Sinopec
14.3.6 Indian Oil
14.3.7 TOTAL
14.3.8 Pertamina
14.3.9 Chevron
14.3.10 Petronas
