Market Overview:
The global marine lubricants 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 lubricants from various end-use applications, such as deep-sea, inland/coastal and others. In addition, the growing awareness about the benefits of using marine lubricants is also contributing to the growth of this market. Based on type, system oils and cylinder oils are expected to account for a major share of the global marine lubricants market during the forecast period. This can be attributed to their high demand from various end-use applications, such as deep-sea and inland/coastal shipping segments.
Product Definition:
Marine lubricants are oils that are specifically designed for use in marine environments, where they must withstand exposure to salt water and other elements. Marine lubricants are important for keeping equipment running smoothly in maritime applications, and can help extend the life of equipment by reducing wear and tear.
System and Cylinder Oils:
System and cylinder oils are specially formulated lubricants that are used in reciprocating engines, steam turbines, gas turbines, diesel engines and other machinery. These oils have a high viscosity index which helps to reduce the wear & tear of moving parts thereby extending the engine life. The product also has anti-wear additives & corrosion inhibitors which help to prevent metal-to-metal contact thus avoiding any further damage.
TPEO:
Tetraethylene Glycol (TPEG) is a colorless, odorless, viscous liquid. It is widely used as an antifreeze in the marine industry and has applications in various sectors including power generation, industrial processes, and transportation. Increasing demand for efficient engines that run on renewable fuels such as biodiesel or bioethanol are expected to drive the global TPEO market over the forecast period.
Application Insights:
The deep-sea application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to increasing demand from offshore oil and gas activities, including drilling and exploration. Furthermore, growing use as a coolant in turbines on account of its low friction coefficient is expected to augment the product demand over the forecast period.
Inland/coastal application segment is anticipated to witness significant growth over the forecast period owing to rising construction spending along with industrial development activities taking place in developing countries such as India, China and Brazil. In addition, increasing consumption due to high performance requirements for ships operating on inland waterways is projecteded drive industry expansion during the study period.
Other applications include land-based marine operations such as ferries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for marine lubricants from various end-use industries, such as offshore & marine, railways, mining, and military. Factors such as growing population along with rising disposable income levels are anticipated to drive industry growth over the coming years.
The Asia Pacific regional market was followed by Europe in terms of revenue share in 2017 owing to high consumption of system oils across major countries including Germany, France and Russia among others. However; North America is projected to be one of the fastest-growing regions during the forecast period due to rapid technological advancements coupled with increased focus on energy security will have a positive impact on industry growth over next eight years or so till 2030 AD (Approx).
Growth Factors:
- Increasing demand from the shipping and marine industries as a result of the growth in global trade.
- The increasing popularity of marine lubricants among ship operators due to their ability to reduce fuel consumption and emissions.
- Stringent environmental regulations governing maritime operations, which are encouraging the use of more environmentally friendly products such as marine lubricants.
- The development of new and innovative products that can meet the specific needs of different types of vessels and engines operating in various environments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Lubricants Market Research Report
By Type
System and Cylinder Oils, TPEO, Others
By Application
Deep-sea, In-land/Coastal, Others
By Companies
Shell, Total, ExxonMobil, BP, Chevron, Sinopec, Quepet, JX Nippon, Lukoil, Gulf Oil, Idem Itsu
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Marine Lubricants Market Report Segments:
The global Marine Lubricants market is segmented on the basis of:
Types
System and Cylinder Oils, TPEO, 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
Deep-sea, In-land/Coastal, 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:
- Shell
- Total
- ExxonMobil
- BP
- Chevron
- Sinopec
- Quepet
- JX Nippon
- Lukoil
- Gulf Oil
- Idem Itsu
Highlights of The Marine Lubricants 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:
- System and Cylinder Oils
- TPEO
- Others
- By Application:
- Deep-sea
- In-land/Coastal
- 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 Lubricants 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 lubricants are a type of oil that is used to reduce friction and wear in marine engines, gears, and other moving parts.
Some of the major companies in the marine lubricants market are Shell, Total, ExxonMobil, BP, Chevron, Sinopec, Quepet, JX Nippon, Lukoil, Gulf Oil, Idem Itsu.
The marine lubricants market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Lubricants Market - Supply Chain
4.5. Global Marine Lubricants Market Forecast
4.5.1. Marine Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Lubricants Market Absolute $ Opportunity
5. Global Marine Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Lubricants Market Size and Volume Forecast by Type
5.3.1. System and Cylinder Oils
5.3.2. TPEO
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Lubricants Market Size and Volume Forecast by Application
6.3.1. Deep-sea
6.3.2. In-land/Coastal
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Lubricants Demand Share Forecast, 2019-2026
9. North America Marine Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Lubricants Market Size and Volume Forecast by Application
9.4.1. Deep-sea
9.4.2. In-land/Coastal
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Lubricants Market Size and Volume Forecast by Type
9.7.1. System and Cylinder Oils
9.7.2. TPEO
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Lubricants Demand Share Forecast, 2019-2026
10. Latin America Marine Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Lubricants Market Size and Volume Forecast by Application
10.4.1. Deep-sea
10.4.2. In-land/Coastal
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Lubricants Market Size and Volume Forecast by Type
10.7.1. System and Cylinder Oils
10.7.2. TPEO
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Lubricants Demand Share Forecast, 2019-2026
11. Europe Marine Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Lubricants Market Size and Volume Forecast by Application
11.4.1. Deep-sea
11.4.2. In-land/Coastal
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Lubricants Market Size and Volume Forecast by Type
11.7.1. System and Cylinder Oils
11.7.2. TPEO
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Lubricants Demand Share, 2019-2026
12. Asia Pacific Marine Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Lubricants Market Size and Volume Forecast by Application
12.4.1. Deep-sea
12.4.2. In-land/Coastal
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Lubricants Market Size and Volume Forecast by Type
12.7.1. System and Cylinder Oils
12.7.2. TPEO
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Lubricants Demand Share, 2019-2026
13. Middle East & Africa Marine Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Lubricants Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Lubricants Market Size and Volume Forecast by Application
13.4.1. Deep-sea
13.4.2. In-land/Coastal
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Lubricants Market Size and Volume Forecast by Type
13.7.1. System and Cylinder Oils
13.7.2. TPEO
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Lubricants Market: Market Share Analysis
14.2. Marine Lubricants Distributors and Customers
14.3. Marine Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ExxonMobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sinopec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Quepet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JX Nippon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lukoil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gulf Oil
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Idem Itsu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
