Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Marine Lubricants Market by Type (System and Cylinder Oils, TPEO, Others), By Application (Deep-sea, In-land/Coastal, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Marine Lubricants Market by Type (System and Cylinder Oils, TPEO, Others), By Application (Deep-sea, In-land/Coastal, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143453 3300 Chemical & Material 377 241 Pages 4.5 (43)

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.

Global Marine Lubricants Industry Outlook

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.


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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Shell
  2. Total
  3. ExxonMobil
  4. BP
  5. Chevron
  6. Sinopec
  7. Quepet
  8. JX Nippon
  9. Lukoil
  10. Gulf Oil
  11. Idem Itsu

Global Marine Lubricants Market Overview

Highlights of The Marine Lubricants Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. System and Cylinder Oils
    2. TPEO
    3. Others
  1. By Application:

    1. Deep-sea
    2. In-land/Coastal
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
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  • Consumer Insights
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Global Marine Lubricants Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Total Overview Financials Developments Strategic Outlook
      14.4.3. ExxonMobil Overview Financials Developments Strategic Outlook
      14.4.4. BP Overview Financials Developments Strategic Outlook
      14.4.5. Chevron Overview Financials Developments Strategic Outlook
      14.4.6. Sinopec Overview Financials Developments Strategic Outlook
      14.4.7. Quepet Overview Financials Developments Strategic Outlook
      14.4.8. JX Nippon Overview Financials Developments Strategic Outlook
      14.4.9. Lukoil Overview Financials Developments Strategic Outlook
      14.4.10. Gulf Oil Overview Financials Developments Strategic Outlook
      14.4.11. Idem Itsu Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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