Very Low Sulphur Fuel Oil Market Demand Insights & Expansion Forecast
The global Very Low Sulphur Fuel Oil (VLSFO) Market is set to experience substantial growth in the coming years, driven by stringent environmental regulations, increasing demand for cleaner fuels, and the ongoing transition towards sustainable shipping practices. According to DataIntelo’s latest market research report, the global Very Low Sulphur Fuel Oil (VLSFO) market size was valued at approximately USD 162 billion in 2023 and is anticipated to reach around USD 245 billion by 2032, growing at a robust CAGR of 4.5% during the forecast period.
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