Market Overview:
The global marine propulsion engines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for marine propulsion engines from various end-use industries, such as coating, household chemicals, and others. In terms of type, the global marine propulsion engines market has been segmented into ≥99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, and other lauric acid (92%, 85%, etc.). Among these segments, the ≥99% lauric acid segment is expected to witness highest growth during the forecast period owing to its properties such as high thermal stability and low volatility. In terms of application, the global marine propulsion engines market has been segmented into coating applications; household chemical applications; and others (including automotive coatings & sealants). The Others segment is projected to register highest CAGR during the forecast period owing to increasing demand for automotive coatings & sealants in developing countries.
Product Definition:
Marine propulsion engines are the devices that provide power to a watercraft or ship in order to move it through the water. They are typically diesel or gasoline engines, but may also be electric motors. The importance of marine propulsion engines is that they provide the power necessary for a watercraft or ship to move through the water, which allows it to reach its desired destination.
≥99% Lauric Acid:
Lauric acid is a long-chain fatty acid found in animal and plant oils. It is also produced naturally by the human body, as a result of constant exposure to viruses, bacteria & other microorganisms. The chemical formula for lauric acid is C12H22O11 and its molecular weight varies between 132 and 148 depending on the degree of branching.
98-99% Lauric Acid:
98-99% lauric acid is a bio-based, non-toxic and odorless liquid that is extracted from the coconut. It has several properties such as high heat of vaporization, low viscosity, high flash point and biodegradability.
Application Insights:
The global marine propulsion engines market is segmented based on application into coating, household chemicals, others. Coating was the largest application segment in 2017 and accounted for over 40% of the total revenue share. Growing demand for high-performance lubricants with superior properties such as corrosion resistance and hardness is expected to drive the growth of this segment over the forecast period.
Household chemicals are estimated to be one of the fastest growing segments during future due to rising awareness about environment protection coupled with increasing concerns regarding health issues caused due to usage of toxic products in daily life.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing demand for marine propulsion engines in countries such as China, India, and Japan. In addition, rising investments by companies in developing countries are anticipated to fuel market growth during the forecast period.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to high consumption rates of marine propulsion engines across major economies including Germany and U.K., which are also among the largest markets globally for coatings & surfactants industry. North America is projected to witness significant growth over the next eight years on account of growing demand from end-use industries such as paints & coatings and household chemicals along with stringent regulations regarding pollution levels within their respective countries (U.S., Canada).
Growth Factors:
- Increasing demand for marine propulsion engines from the commercial sector as a result of the growth in global trade and maritime transportation.
- The increasing popularity of recreational boats and yachts, which is boosting demand for marine propulsion engines.
- The increasing number of cruise ships and ferries being introduced in the market, which is leading to an increase in demand for marine propulsion engines.
- Technological advancements that are taking place in the field of marine propulsion engines, resulting in better fuel efficiency and performance levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Propulsion Engines Market Research Report
By Type
≥99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.)
By Application
Coating, Household Chemicals, Others
By Companies
Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya, Emery, PT.SUMI ASIH, Bakrie, SOCI, Godrej Industries, AAK AB, VVF
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Marine Propulsion Engines Market Report Segments:
The global Marine Propulsion Engines market is segmented on the basis of:
Types
≥99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.)
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
Coating, Household Chemicals, 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:
- Wilmar
- KLK OLEO
- IOI Oleochemicals
- Musim Mas
- Oleon
- KAO
- Permata Hijau
- Pacific Oleochemicals
- PT.Cisadane Raya
- Emery
- PT.SUMI ASIH
- Bakrie
- SOCI
- Godrej Industries
- AAK AB
- VVF
Highlights of The Marine Propulsion Engines 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:
- ≥99% Lauric Acid
- 98-99% Lauric Acid
- 70-75% Lauric Acid
- Other Lauric Acid (92%, 85%, etc.)
- By Application:
- Coating
- Household Chemicals
- 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 Propulsion Engines 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 propulsion engines are used to power boats and ships. They use gas or oil to turn a propeller, which creates forward motion.
Some of the major players in the marine propulsion engines market are Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya, Emery, PT.SUMI ASIH, Bakrie, SOCI, Godrej Industries, AAK AB, VVF.
The marine propulsion engines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Propulsion Engines 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 Propulsion Engines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Propulsion Engines 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 Propulsion Engines 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 Propulsion Engines Market Size & Forecast, 2020-2028
4.5.1 Marine Propulsion Engines Market Size and Y-o-Y Growth
4.5.2 Marine Propulsion Engines 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 ≥99% Lauric Acid
5.2.2 98-99% Lauric Acid
5.2.3 70-75% Lauric Acid
5.2.4 Other Lauric Acid (92%
5.2.5 85%
5.2.6 etc.)
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 Coating
6.2.2 Household Chemicals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Propulsion Engines 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 Propulsion Engines 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 ≥99% Lauric Acid
9.6.2 98-99% Lauric Acid
9.6.3 70-75% Lauric Acid
9.6.4 Other Lauric Acid (92%
9.6.5 85%
9.6.6 etc.)
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 Coating
9.10.2 Household Chemicals
9.10.3 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 ≥99% Lauric Acid
10.6.2 98-99% Lauric Acid
10.6.3 70-75% Lauric Acid
10.6.4 Other Lauric Acid (92%
10.6.5 85%
10.6.6 etc.)
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 Coating
10.10.2 Household Chemicals
10.10.3 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 ≥99% Lauric Acid
11.6.2 98-99% Lauric Acid
11.6.3 70-75% Lauric Acid
11.6.4 Other Lauric Acid (92%
11.6.5 85%
11.6.6 etc.)
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 Coating
11.10.2 Household Chemicals
11.10.3 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 ≥99% Lauric Acid
12.6.2 98-99% Lauric Acid
12.6.3 70-75% Lauric Acid
12.6.4 Other Lauric Acid (92%
12.6.5 85%
12.6.6 etc.)
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 Coating
12.10.2 Household Chemicals
12.10.3 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 ≥99% Lauric Acid
13.6.2 98-99% Lauric Acid
13.6.3 70-75% Lauric Acid
13.6.4 Other Lauric Acid (92%
13.6.5 85%
13.6.6 etc.)
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 Coating
13.10.2 Household Chemicals
13.10.3 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 Propulsion Engines Market: Competitive Dashboard
14.2 Global Marine Propulsion Engines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wilmar
14.3.2 KLK OLEO
14.3.3 IOI Oleochemicals
14.3.4 Musim Mas
14.3.5 Oleon
14.3.6 KAO
14.3.7 Permata Hijau
14.3.8 Pacific Oleochemicals
14.3.9 PT.Cisadane Raya
14.3.10 Emery
14.3.11 PT.SUMI ASIH
14.3.12 Bakrie
14.3.13 SOCI
14.3.14 Godrej Industries
14.3.15 AAK AB
14.3.16 VVF
