The global bunker fuel market was valued at US$ 143.97 Bn in 2018 and is anticipated to expand at a CAGR of 2.5% during the forecast period. Based on fuel, the High Sulfur Fuel Oil (HSFO) segment held a dominant share of the global bunker fuel market in 2018, as HSFO is a widely used bunker fuel by fleet owners due to its lower price than other types of fuels.