Market Overview:
The global marine gasoil (MGO) market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increase in demand for MGO as a fuel for maritime vessels. Based on type, the global marine gasoil (MGO) market is segmented into MGO 0.5% and MGO 0.1%. The MGO 0.5% segment is expected to account for the majority share of the market during the forecast period. This can be attributed to its high calorific value and low sulphur content as compared with other types of diesel fuels available in the market. Based on application, the global marine gasoil (MGO) market is segmented into cargo ships, container ships, bulk carriers, and other applications such as cruise ships and ferries.
 Industry Outlook.svg)
Product Definition:
Marine Gasoil is a distillate fuel oil that meets the ISO 8217:2015 standard for marine fuels. It is used in marine applications such as power generation, propulsion, and shipboard heating.
MGO 0.5%:
MGO 0.5% is a distillate, which is obtained as a by-product in the catalytic cracking of heavy crude oil. It has been used traditionally as an octane booster in gasoline and was introduced into commercial fuel production to meet stringent environmental standards set by governments around the world.
MGO 0.1%:
MGO 0.1% is a form of Methyl tert-butyl ether (MTBE) and is also known as octane rating gasoline. It has an oxygenate content of approximately 12%. The U.S.
Application Insights:
Cargo ships were the major application segment and accounted for over 60.0% of the total volume in 2017. The growth of this segment can be attributed to growing demand from Asia Pacific region which includes China, Japan, South Korea and India for their domestic trips. Growing trade between these countries has resulted in an increased requirement of vessels on a regular basis which is expected to drive growth over the forecast period.
The container ships application segment is projected to witness significant growth during the forecast period owing to increasing global trade activities especially across emerging economies such as China, India and Brazil resulting in an increased requirement for containers on a regular basis which will increase fuel consumption significantly driving market demand during the forecast years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of bulk carriers, which consume large amounts of gasoil. China is one of the largest consumers as well as producers of marine gasoil in this region owing to presence of major crude oil reserves across China and other countries such as Vietnam, Indonesia, Philippines, etc. Presence or expansion projects for refineries are also driving demand for MGO in APAC region over the forecast period.
Europe was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand from the shipping industry as a result of regulations to reduce emissions by 2020.
- Growing demand for MGO in the power generation sector as a cleaner-burning alternative to diesel fuel.
- Increasing use of MGO in the petrochemical industry as a feedstock for production of olefins and aromatics.
- Limited availability of lighter crudes, which is pushing refiners towards producing more high-quality products such as Marine Gasoil and Ultra Low Sulphur Diesel (ULSD).
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Gasoil (MGO) Market Research Report
By Type
MGO 0.5%, MGO 0.1%
By Application
Cargo Ships, Container Ships, Bulk Carriers, Other
By Companies
ExxonMobil, Shell, Petrogulf Oil Manufacturing, Total, Engen
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Marine Gasoil (MGO) Market Report Segments:
The global Marine Gasoil (MGO) market is segmented on the basis of:
Types
MGO 0.5%, MGO 0.1%
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
Cargo Ships, Container Ships, Bulk Carriers, Other
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:
- ExxonMobil
- Shell
- Petrogulf Oil Manufacturing
- Total
- Engen
 Market Overview.svg)
Highlights of The Marine Gasoil (MGO) 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:
- MGO 0.5%
- MGO 0.1%
- By Application:
- Cargo Ships
- Container Ships
- Bulk Carriers
- Other
- 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 Gasoil (MGO) 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?
MGO is a type of fuel oil that is derived from petroleum. It has a higher octane rating than other types of fuel oil, making it more suitable for use in high-performance gasoline engines.
Some of the major players in the marine gasoil (mgo) market are ExxonMobil, Shell, Petrogulf Oil Manufacturing, Total, Engen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Gasoil (MGO) 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 Gasoil (MGO) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Gasoil (MGO) 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 Gasoil (MGO) 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 Gasoil (MGO) Market Size & Forecast, 2020-2028
4.5.1 Marine Gasoil (MGO) Market Size and Y-o-Y Growth
4.5.2 Marine Gasoil (MGO) 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 MGO 0.5%
5.2.2 MGO 0.1%
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 Cargo Ships
6.2.2 Container Ships
6.2.3 Bulk Carriers
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Gasoil (MGO) 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 Gasoil (MGO) 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 MGO 0.5%
9.6.2 MGO 0.1%
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 Cargo Ships
9.10.2 Container Ships
9.10.3 Bulk Carriers
9.10.4 Other
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 MGO 0.5%
10.6.2 MGO 0.1%
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 Cargo Ships
10.10.2 Container Ships
10.10.3 Bulk Carriers
10.10.4 Other
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 MGO 0.5%
11.6.2 MGO 0.1%
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 Cargo Ships
11.10.2 Container Ships
11.10.3 Bulk Carriers
11.10.4 Other
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 MGO 0.5%
12.6.2 MGO 0.1%
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 Cargo Ships
12.10.2 Container Ships
12.10.3 Bulk Carriers
12.10.4 Other
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 MGO 0.5%
13.6.2 MGO 0.1%
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 Cargo Ships
13.10.2 Container Ships
13.10.3 Bulk Carriers
13.10.4 Other
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 Gasoil (MGO) Market: Competitive Dashboard
14.2 Global Marine Gasoil (MGO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ExxonMobil
14.3.2 Shell
14.3.3 Petrogulf Oil Manufacturing
14.3.4 Total
14.3.5 Engen
