Market Overview:
The global marine grease market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for marine grease from various end-use industries, such as automotive, energy, chemical and others. In addition, the growing awareness about the benefits of using bio-based oil greases is also contributing to the growth of this market. Based on type, mineral grease dominates the global marine grease market and is expected to continue its dominance during the forecast period. However, synthetic greases are projected to grow at a higher CAGR than mineral greases during 2018-2030 owing to their superior properties such as high thermal stability and low volatility. Based on application, industrial segment dominates this market followed by automotive and energy segments respectively.
Product Definition:
A type of lubricant that is used in marine environments, where it can help to protect metal surfaces from corrosion. Marine grease can also help to reduce friction and wear between moving parts.
Mineral Grease:
Mineral grease is a type of lubricant, which is manufactured from petroleum and natural sources. It can be classified as semi-synthetic or completely synthetic depending upon the source of raw material used for its production. Mineral grease has applications in various sectors including marine, aerospace & automotive industries. The growth factor responsible for the increasing demand for mineral grease in these industries includes its properties such as resistance to water wash, high viscosity index (VI) and improved thermal performance among others.
Synthetic Grease:
Synthetic Grease is a kind of lubricant, which is used as an alternative to the natural oils. It has higher viscosity and less water content than the natural oils. Synthetic grease consists of polymers, which are long chains with many carbon & hydrogen bonds. These greases have better thermal stability than mineral oils but less than that of synthetic waxes & paraffins.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 60% in 2017. The demand is expected to be driven by the growing requirement for marine greases from industries including oil & gas, pulp & paper, chemical and construction. These products are used in applications such as offshore oil exploration, drilling equipment maintenance, pipeline transport and lubrication of metal working machinery.
The energy segment is projected to witness significant growth over the forecast period owing to rising use of these products in hydraulic systems on account of their superior properties including resistance towards oxidation meaning they will not rust or stain surfaces they come into contact with. Furthermore, increasing demand for electric vehicles and ships is likely to propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of the total global demand on account of rapid industrialization, growth in population, and increasing per capita income. China is projected to remain a key consumer as well as producer owing to its large manufacturing sector.
Europe was estimated at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to rising product demand from various end-use industries including automotive, energy & power, marine & offshore activities etc. Europe has several rivers that flow through it thus making it an ideal location for water sports activities such as white-water rafting; this has led European countries such as Germany and France being among some of the major producers across world along with U.K.
Growth Factors:
- Increasing demand for marine grease from the shipping and transportation sector as a result of the growth in global trade.
- Rising demand for high-performance greases that can withstand extreme temperatures and harsh environmental conditions in the maritime industry.
- Growing popularity of synthetic marine greases over traditional mineral-based products due to their superior performance characteristics.
- Proliferation of new vessel types and designs, which is leading to increased use of marine grease in applications such as stern tubes, propellers, and rudders.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Grease Market Research Report
By Type
Mineral Grease, Synthetic Grease, Bio-Based Oil Grease, Others
By Application
Industrial, Energy, Automotive, Chemical, Others
By Companies
British Petroleum, Chevron Lubricants, Exxon Mobil, Gulf Oil Marine, Lucas Oil Products, Luk Oilmarine, Old World Industries, Penrite Oil, Total Lubmarine, Warren Oil, British Petroleum
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Marine Grease Market Report Segments:
The global Marine Grease market is segmented on the basis of:
Types
Mineral Grease, Synthetic Grease, Bio-Based Oil Grease, Others
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
Industrial, Energy, Automotive, Chemical, Others
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:
- British Petroleum
- Chevron Lubricants
- Exxon Mobil
- Gulf Oil Marine
- Lucas Oil Products
- Luk Oilmarine
- Old World Industries
- Penrite Oil
- Total Lubmarine
- Warren Oil
- British Petroleum
Highlights of The Marine Grease 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:
- Mineral Grease
- Synthetic Grease
- Bio-Based Oil Grease
- Others
- By Application:
- Industrial
- Energy
- Automotive
- Chemical
- Others
- 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 Grease 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
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 grease is a type of lubricant used in marine engines. It is made from a blend of oils and waxes, and it helps to reduce friction between moving parts. Marine grease is also effective at preventing metal-to-metal contact, which can lead to corrosion.
Some of the key players operating in the marine grease market are British Petroleum, Chevron Lubricants, Exxon Mobil, Gulf Oil Marine, Lucas Oil Products, Luk Oilmarine, Old World Industries, Penrite Oil, Total Lubmarine, Warren Oil, British Petroleum.
The marine grease 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 Grease 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 Grease Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Grease 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 Grease 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 Grease Market Size & Forecast, 2020-2028
4.5.1 Marine Grease Market Size and Y-o-Y Growth
4.5.2 Marine Grease 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 Mineral Grease
5.2.2 Synthetic Grease
5.2.3 Bio-Based Oil Grease
5.2.4 Others
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 Industrial
6.2.2 Energy
6.2.3 Automotive
6.2.4 Chemical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Grease 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 Grease 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 Mineral Grease
9.6.2 Synthetic Grease
9.6.3 Bio-Based Oil Grease
9.6.4 Others
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 Industrial
9.10.2 Energy
9.10.3 Automotive
9.10.4 Chemical
9.10.5 Others
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 Mineral Grease
10.6.2 Synthetic Grease
10.6.3 Bio-Based Oil Grease
10.6.4 Others
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 Industrial
10.10.2 Energy
10.10.3 Automotive
10.10.4 Chemical
10.10.5 Others
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 Mineral Grease
11.6.2 Synthetic Grease
11.6.3 Bio-Based Oil Grease
11.6.4 Others
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 Industrial
11.10.2 Energy
11.10.3 Automotive
11.10.4 Chemical
11.10.5 Others
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 Mineral Grease
12.6.2 Synthetic Grease
12.6.3 Bio-Based Oil Grease
12.6.4 Others
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 Industrial
12.10.2 Energy
12.10.3 Automotive
12.10.4 Chemical
12.10.5 Others
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 Mineral Grease
13.6.2 Synthetic Grease
13.6.3 Bio-Based Oil Grease
13.6.4 Others
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 Industrial
13.10.2 Energy
13.10.3 Automotive
13.10.4 Chemical
13.10.5 Others
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 Grease Market: Competitive Dashboard
14.2 Global Marine Grease Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 British Petroleum
14.3.2 Chevron Lubricants
14.3.3 Exxon Mobil
14.3.4 Gulf Oil Marine
14.3.5 Lucas Oil Products
14.3.6 Luk Oilmarine
14.3.7 Old World Industries
14.3.8 Penrite Oil
14.3.9 Total Lubmarine
14.3.10 Warren Oil
14.3.11 British Petroleum
