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Marine Lubricants Market

Marine Lubricants Market Size and Segmentation By Oil type (Mineral Oil, Synthetic Oil, Bio-based Oil), By Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil, Others), By ship type (Bulk Carriers, Tankers, Container Ships, Others), by Region Global Market Forecast 2022-2028

Report Id: SNS/C&M/1813 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Marine Lubricants Market Size was valued at USD 6.29 billion in 2021, and expected to reach USD 7.03 billion by 2028, and grow at a CAGR of 1.6% over the forecast period 2022-2028. Marine Lubricant is a high-performance oil that breaks down easily and is used to protect marine equipment and make engines run more efficiently.The marine lubricants market is mostly driven by new technologies to reduce emissions, the growth of maritime tourism, and improvements to infrastructure that are making the shipping industry stronger. The main things holding back the marine lubricants market are the effect of Covid-19 and the move toward lubricants made from synthetic materials. But the growing demand for bio-based marine lubricants gives the companies that make them a chance to grow. In terms of value, Asia Pacific is the most important market for marine lubricants around the world. It is also the area where the marine lubricants market is growing the fastest.

Marine Lubricants Market Revenue Graph

Market Dynamics:

Drivers:

  • The shipping industry has grown and changed over time.

  • New technologies to reduce emissions

Restraints:

  • Using synthetic lubricants could make the time between drains longer.

  • Changes in the cost of crude oil

Opportunity:

  • Bio-based marine lubricants are becoming more popular

Challenge:

  • Environmental rules that are strict and constant changes by governments

  • Changes in the prices of raw materials

Impact of Covid-19:

Almost every part of the world has been affected by the pandemic. Because of problems in the global supply chain and a drop in oil prices, the marine lubricants market has grown less than it should have. This is happening because demand from the marine sector has dropped. The marine industries are very important to the market. In terms of value, the marine lubricants market is worth the most in Asia Pacific.

South Asian countries like India, Bangladesh, Sri Lanka, and Central Asian countries, which make up APAC, saw a drop in the number of ships moving through their waters. This made less fuel and marine lubricants needed in the area. China has a big share of the marine lubricants market in the APAC region, but the pandemic made things hard for them at first. Millions of people were put in quarantine, which stopped all supply chains that came from China. The travel bans and lockdowns that were put in place in most of China's big cities cut down on the amount of oil the country could make. It has also hurt the people who work there, without whom many ports like Shenzhen and Shanghai would not be able to operate. But after three months of being shut down, the country has shown signs of getting better. Most businesses have reopened, which will likely increase the need for marine lubricants.

Key Players:

Castrol, Lubmarine (Total Group), Sinopec Corporation, Lukoil Marine Lubricants., Gulf Marine and Industrial Supplies Inc., Quepet Lubricants, Chevron, ExxonMobil Corporation, BP Marine, Royal Dutch Shell Plc, JX Nippon Oil & Energy Corporation

Market Segmentation:

By Oil type

  • Mineral Oil

  • Synthetic Oil

  • Bio-based Oil

By Product Type

  • Engine Oil

  • Hydraulic Fluid

  • Compressor Oil

  • Others

By ship type

  • Bulk Carriers

  • Tankers

  • Container Ships

  • Others

Marine Lubricants Market Segment Pie Chart

Regional Analysis:

The report gives a detailed overview of the industry, including both qualitative and quantitative information. It gives an overview of the global marine lubricants market and a forecast based on different segments. It also gives market size and forecast estimates from 2020 to 2028 for five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South and Central America. The marine lubricants market is then broken down by country and segment within each region. The report looks at and makes predictions for 18 countries around the world. It also talks about the current trend and opportunities in the region.

The report looks at factors that affect the marine lubricants market from both the demand and supply sides. It also looks at the drivers, restraints, opportunities, and future trends that will affect the market during the forecast period. After looking at the political, economic, social, and technological factors that affect the marine lubricants market in North America, Europe, APAC, MEA, and South and Central America, the report also gives an in-depth PEST analysis for each of these five

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Marine Lubricants Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 6.29 Billion
Market Size by 2028 US$ 7.03 Billion
CAGR CAGR of 1.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Oil type (Mineral Oil, Synthetic Oil, Bio-based Oil)
• By Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil, Others)
• By ship type (Bulk Carriers, Tankers, Container Ships, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Castrol, Lubmarine (Total Group), Sinopec Corporation, Lukoil Marine Lubricants., Gulf Marine and Industrial Supplies Inc., Quepet Lubricants, Chevron, ExxonMobil Corporation, BP Marine, Royal Dutch Shell Plc, JX Nippon Oil & Energy Corporation
DRIVERS • The shipping industry has grown and changed over time.
• New technologies to reduce emissions
Restraints • Using synthetic lubricants could make the time between drains longer.
• Changes in the cost of crude oil


Frequently Asked Questions (FAQ) :

Ans: Primary or secondary type of research done by this reports.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Almost every part of the world has been affected by the pandemic. Because of problems in the global supply chain and a drop in oil prices, the marine lubricants market has grown less than it should have. This is happening because demand from the marine sector has dropped. The marine industries are very important to the market. In terms of value, the marine lubricants market is worth the most in Asia Pacific.

 

Ans: Using synthetic lubricants could make the time between drains longer and Changes in the cost of crude oil are the restraints forMarine Lubricants Market.

Ans: Marine Lubricants Market Size was valued at USD 6.29 billion in 2021, and expected to reach USD 7.03 billion by 2028, and grow at a CAGR of 1.6 % over the forecast period 2022-2028


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Marine Lubricants Market Segment, By Oil type

8.1 Mineral Oil

8.2 Synthetic Oil

8.3 Bio-based Oil

 

9.Marine Lubricants Market Segment, By Product Type

9.1 Engine Oil

9.2 Hydraulic Fluid

9.3 Compressor Oil

9.4 Others

 

10.Marine Lubricants Market Segment, By ship type

10.1 Bulk Carriers

10.2 Tankers

10.3 Container Ships

10.4 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 Castrol

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Lubmarine (Total Group)

12.3 Sinopec Corporation

12.4 Lukoil Marine Lubricants

12.5 Gulf Marine and Industrial Supplies Inc.

12.6 Quepet Lubricants

12.7 Chevron

12.8 ExxonMobil Corporation 

12.9 BP Marine

12.10 Royal Dutch Shell Plc

12.11 JX Nippon Oil & Energy Corporation

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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