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

Global Marine System Oil Market by Type (Low Speed System Oil, Middle Speed System Oil, High Speed System Oil), By Application (Deep-sea, In-land/Coastal, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 200200 3300 Chemical & Material 377 242 Pages 5 (41)
                                          

Market Overview:


The global marine system oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for marine system oils from various end-use applications, such as deep-sea, inland/coastal, and other applications. In terms of type, the low speed system oil segment is projected to lead the global marine system oil market during the forecast period. This can be attributed to its properties that make it suitable for use in low speed engines and turbines used in maritime vessels. In terms of application, the deep-sea segment is projected to lead the global marine system oil market during the forecast period.


Global Marine System Oil Industry Outlook


Product Definition:


Marine system oil is a type of lubricant that is specifically designed for use in marine applications. It is important to use a marine-specific oil because standard oils may not have the properties necessary to protect against corrosion and other harsh environmental conditions. Marine system oil can help extend the life of equipment by providing superior lubrication and protection.


Low Speed System Oil:


Low speed system oil is a product used in the marine industry to provide protection and lubrication for various components. It has applications in ships, boats, yachts and other water craft. The growth factor for this market is increasing demand from the shipping industry which uses large quantities of oil to operate effectively as well as perform optimally.


Middle Speed System Oil:


Middle Speed System Oil (NMSO) is a type of engine oil which finds its major application in marine engines. It has high viscosity and low flash point. This type of oil is specifically designed to provide optimum protection for the critical components in an engine at middle speeds, between startup and operating temperatures. The product also provides wear protection to the bearings, seals, and other moving parts at high loads along with maintaining optimal lubrication throughout the entire range of operating conditions.


Application Insights:


On the basis of application, the market is segmented into deep-sea, in-land/coastal and other applications. The in-land/coastal application segment dominated the overall industry with a share of over 60% in 2017. Middle and high speed system oils are majorly used for ships operating on inland waterways or along coastal areas. Growing demand for efficient transportation systems that are capable to transport large amount of cargo within limited time is expected to boost product demand over the forecast period.


The deep sea segment is anticipated to witness significant growth owing to increasing exploration activities off Africa, Asia Pacific and South America which will increase marine diesel engine usage across various industries such as energy generation from 2019 onward which in turn will propel product consumption over next seven years or so (by 2030). Middle speed system oil has been observed as an effective substitute for Deep Sea System Oil due its better performance at lower temperature range thus reducing operational cost by approximately 10%.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of shipbuilding facilities, which makes it a manufacturing hub for ships and related equipment. China, South Korea, Japan, Taiwan are some of the major countries that have been observed to be investing heavily in marine system oil products owing to their extensive usage across various industries including fishing vessels and coastal trade.


The Middle East & Africa is anticipated to witness significant growth over the forecast period owing to rising government investments in port development projects along with increasing foreign direct investments from Saudi Arabia and UAE.


North America accounted for more than 10% share of global revenue in 2017 due high product consumption by offshore drilling operations along with recreational boating activities on inland waterways throughout U.S.


Growth Factors:


  • Increasing demand for marine system oil from the shipping and transportation sector as a result of the growth in global trade.
  • Rising demand for marine system oil from the power generation sector due to increasing installation of new power plants across the globe.
  • Growing use of marine system oil in offshore drilling activities to meet rising energy demands.
  • Increasing investments in exploration and production activities, which is likely to lead to an increase in demand for marine system oils over the forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

Marine System Oil Market Research Report

By Type

Low Speed System Oil, Middle Speed System Oil, High Speed System Oil

By Application

Deep-sea, In-land/Coastal, Other

By Companies

ExxonMobil, Shell, Total, 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

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Marine System Oil Market Report Segments:

The global Marine System Oil market is segmented on the basis of:

Types

Low Speed System Oil, Middle Speed System Oil, High Speed System Oil

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, Other

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

Global Marine System Oil Market Overview


Highlights of The Marine System Oil 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. Low Speed System Oil
    2. Middle Speed System Oil
    3. High Speed System Oil
  1. By Application:

    1. Deep-sea
    2. In-land/Coastal
    3. Other
  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 System Oil 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

Global Marine System Oil 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 system oil is a type of engine oil that is designed to protect marine engines. It contains high levels of antioxidants and other chemicals to prevent damage from oxidation. Marine system oil also has a higher viscosity than regular engine oils, which helps it resist becoming thick and clogging the engine.

Some of the major companies in the marine system oil market are ExxonMobil, Shell, Total, BP, Chevron, Sinopec, Quepet, JX Nippon, Lukoil, Gulf Oil, Idem Itsu.

The marine system oil market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Marine System Oil 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 System Oil Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Marine System Oil Market - Supply Chain
   4.5. Global Marine System Oil Market Forecast
      4.5.1. Marine System Oil Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Marine System Oil Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Marine System Oil Market Absolute $ Opportunity

5. Global Marine System Oil 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 System Oil Market Size and Volume Forecast by Type
      5.3.1. Low Speed System Oil
      5.3.2. Middle Speed System Oil
      5.3.3. High Speed System Oil
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Marine System Oil 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 System Oil Market Size and Volume Forecast by Application
      6.3.1. Deep-sea
      6.3.2. In-land/Coastal
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Marine System Oil 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 System Oil 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 System Oil 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 System Oil 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 System Oil Demand Share Forecast, 2019-2026

9. North America Marine System Oil 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 System Oil 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 System Oil Market Size and Volume Forecast by Application
      9.4.1. Deep-sea
      9.4.2. In-land/Coastal
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Marine System Oil Market Size and Volume Forecast by Type
      9.7.1. Low Speed System Oil
      9.7.2. Middle Speed System Oil
      9.7.3. High Speed System Oil
   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 System Oil Demand Share Forecast, 2019-2026

10. Latin America Marine System Oil 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 System Oil 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 System Oil Market Size and Volume Forecast by Application
      10.4.1. Deep-sea
      10.4.2. In-land/Coastal
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Marine System Oil Market Size and Volume Forecast by Type
      10.7.1. Low Speed System Oil
      10.7.2. Middle Speed System Oil
      10.7.3. High Speed System Oil
   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 System Oil Demand Share Forecast, 2019-2026

11. Europe Marine System Oil 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 System Oil 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 System Oil Market Size and Volume Forecast by Application
      11.4.1. Deep-sea
      11.4.2. In-land/Coastal
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Marine System Oil Market Size and Volume Forecast by Type
      11.7.1. Low Speed System Oil
      11.7.2. Middle Speed System Oil
      11.7.3. High Speed System Oil
   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 System Oil Demand Share, 2019-2026

12. Asia Pacific Marine System Oil 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 System Oil 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 System Oil Market Size and Volume Forecast by Application
      12.4.1. Deep-sea
      12.4.2. In-land/Coastal
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Marine System Oil Market Size and Volume Forecast by Type
      12.7.1. Low Speed System Oil
      12.7.2. Middle Speed System Oil
      12.7.3. High Speed System Oil
   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 System Oil Demand Share, 2019-2026

13. Middle East & Africa Marine System Oil 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 System Oil 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 System Oil Market Size and Volume Forecast by Application
      13.4.1. Deep-sea
      13.4.2. In-land/Coastal
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Marine System Oil Market Size and Volume Forecast by Type
      13.7.1. Low Speed System Oil
      13.7.2. Middle Speed System Oil
      13.7.3. High Speed System Oil
   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 System Oil Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Marine System Oil Market: Market Share Analysis
   14.2. Marine System Oil Distributors and Customers
   14.3. Marine System Oil Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ExxonMobil
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Shell
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Total
         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

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