LNG as a Bunker Fuel Market Size to Reach USD 9333.1 Million Valuation by 2035; Increasing Demand for Cleaner Marine Fuels Propels Market Expansion

Published Date: April 2025

Liquefied Natural Gas (LNG) is a cleaner-burning fossil fuel used in the marine industry to reduce emissions and is a viable alternative to current operating tools. The stringent environmental regulations, along with the increasing demand for clean marine fuels, investments in LNG bunkering infrastructure, cost-effectiveness, and technological advancements, are factors driving the LNG as a bunker fuel market growth.

Segmentation Analysis:

By Product

Portable Tanks, Port to Ship, Ship to Ship and Truck to Ship

By Component

LNG Storage Tanks, Bunker Station, Control & Safety structures, Fuel Pumps, and Others

By Vessel Type

Offshore Tugs & Services, Ferries, Oil & Chemical Tankers, Container Ships, Gas Carriers, Bilk & General Cargo, and Others

Report Highlights:

  • LNG as a bunker fuel market size accounted for USD 620.3 Million in 2025.
  • Target market is estimated to be USD 9333.1 Million by 2035 and will register a CAGR of 34.7%.
  • Based on product, the truck to ship segment is expected to hold the largest LNG as a bunker fuel market share.
  • On the basis of component, the bunker station segment is leading in the LNG as a bunker fuel market.
  • By vessel type, the oil & chemical tankers is the dominating segment in the market.
  • Asia Pacific is anticipated to dominate the LNG as a bunker fuel market.
  • North America is expected to experience fastest growth in the market during the forecast period.

Market Dynamics:

Growing Factor

Challenge Factor

Market Trend

Increasing Stringent Environmental Regulations

Safety Concerns Of LNG As A Bunker Fuel

Integration Of Advanced Technologies With LNG As A Bunker Fuel

Key Highlights:

  • In March 2025, Anglo-Eastern, a global leader in innovative maritime training solutions, announced the establishment of a new LNG (Liquefied Natural Gas)/Ammonia bunkering station skid at Anglo-Eastern Maritime Academy (AEMA) located in India. The skid was designed to provide hands-on training in the safe and efficient fuelling of LNG- and ammonia-powered vessels.

Report Analysis:

Inerting and Purging Sequence of LNG Bunker Hose and Piping

  • Connection of bunkering hoses
  • Inertion of bunkering lines
  • Purging of these lines with LNG vapor
  • Initiating bunkering
  • Draining line
  • Inerting lines
  • Disconnection of bunkering hoses

Browse ∼60 market data tables and ∼35 figures through ∼160 slides and in-depth TOC on “LNG as a Bunker Fuel Market, By Product (Portable Tanks, Port to Ship, Ship to Ship and Truck to Ship), Component (LNG Storage Tanks, Bunker Station, Control & Safety structures, Fuel Pumps, and Others), Vessel Type (Offshore Tugs & Services, Ferries, Oil & Chemical Tankers, Container Ships, Gas Carriers, Bilk & General Cargo, and Others), and Region - Trends, Analysis, and Forecast till 2034”

Segmentation:

By Product:

  • Portable Tanks
  • Port to Ship
  • Ship to Ship
  • Truck to Ship

By Component:

  • LNG Storage Tanks
  • Bunker Station
  • Control and Safety Structures
  • Fuel Pumps
  • Others.

By Vessel Type:

  • Hybrid Lens Offshore Tugs & Services
  • Ferries
  • Oil and Chemical Tankers
  • Container Ships
  • Gas Carriers
  • Bilk and General Cargo
  • Others.

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

For more insights into the LNG as a Bunker Fuel Market and its future trends, visit link below: https://www.prophecymarketinsights.com/market_insight/Global-LNG-as-a-Bunker-262

Competitive Landscape of LNG as a Bunker Fuel Market:

The key players competing in the market are Broadview Energy Solutions B.V., Arkas Holding, Crowley, Eagle LNG Partners, Equinor ASA, EVOL LNG, Fluxys, Gasum Ltd, Harvey Gulf International Marine, Naturgy, Petroliam Nasional Berhad, Petronet LNG Ltd., QLNG Transport LLC, Shell plc, and TotalEnergies.

Company Name

Crowley

Headquarter

Jacksonville, Florida, U.S.

CEO

Mr. Thomas B. Crowley Jr.

Employee Count (2024)

6,300 Employees

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