Marine Lubricant Market Overview:
Marine Lubricant is a high performance and easily biodegradable oil that is used to provide maximum protection to marine equipment and to increase efficiency of engines.
Increase in demand from end-use industries such as shipping industry drives the growth of the global marine lubricant market. In addition, increase in infrastructural activities has strengthened the shipping industry that has increased the demand of marine lubricants for smooth functioning and protection of marine equipment and engines. Furthermore, emerging emission control technologies are anticipated to drive the growth of the global marine lubricant market.
Rise in number of inactive ships due to downshift in trade activities is expected to restrain the market growth. However, increase in demand for bio-based marine lubricant is anticipated to provide lucrative opportunities for the growth of the global marine lubricant market in the near future.
The marine lubricant market is segmented based on oil type, product type, ship type, and region. On the basis of oil type, the market is categorized into synthetic, mineral oil, bio-based, and grease. By product type, the market is segmented into hydraulic fluid, engine oil, compressor oil, and others. By ship type, the market is segmented into tanker, bulk carrier, container ship, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include BP plc, Total S.A., Royal Dutch Shell plc, Chevron Corporation, and Exxon Mobil Corporation. The other players in the value chain (and not in the report) include Valvoline Inc., Sinopec, Synforce Lubricants, Castrol, and Lukoil.
Key Benefits for Marine Lubricant Market:
Porters five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
The report outlines the current trends and future scenario of the marine lubricant market to understand the prevailing opportunities and potential investment pockets.
An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
The key drivers, restrains, and opportunities and their detailed impact analysis are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.
Marine Lubricant Market Report Highlights
By Product Type
By SHIP TYPE
By OIL TYPE
Key Market Players
ExxonMobil, Lukoil, BP, Qatar Fuel (WOQOD), Idemitsu Kosan, Shell, Chevron, FUCHS Lubricants, Total, PetroChina