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Published: Jun, 2018 | Pages:
107 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)
The global marine lubricants market size is expected to reach USD 9.32 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Growing concerns regarding oceanic pollution caused by improper engine function and subsequent demand for fuel-efficient engines are estimated to trigger the growth of the market. Marine lubricants are widely utilized in the shipping industry to help protect engines and equipment as well as enhance efficiency. These are essential high performance additives for engines, especially designed to enable optimal performance in marine operations. Growth in international trade, removal of trade barriers being the principal reason, is encouraging developing countries to concentrate more on improvement of their infrastructure, such as roads, airports, and seaports, which play a vital role in the development of the economy. Product storage, along with capacity to move large shipments, has placed the shipping industry in a very advantageous position. Global shipping majors, just like other segments of the conventional transport industry, are increasingly getting integrated with emerging global logistics and supply chain activities, owing to both external and internal dynamics. These factors have aided industry participants in substantially consolidating their market position and supplementing their ocean freight income, subsequently stoking the demand for marine lubricants. Engine oils dominated the market with about 46.0% volume share in 2016. These products are widely used in high, medium, and slow speed marine engines to extend service life and protect interior components from high temperatures & pressure. Some lubricants even offer additive protection against crankcases, camshaft areas, under-crowns, and ring belts. Other products such as refrigeration compressor oils are specifically formulated to perform in extreme temperature environments and consist of HFC, CFC, and ozone-friendly refrigerants. These lubricants significantly prevent congealing on valves. The segment is expected to rise at a 2.8% CAGR from 2017 to 2025 Further key findings from the report suggest: • Hydraulic oils are anticipated to emerge as the fastest growing segment with a CAGR of 2.6 % over the forecast period. These are used for extending pump life under severe conditions, maintain cleanliness, and reliable air release filterability • Lubricants are also utilized in gear oil for the protection of high horsepower marine engines. The product is fortified with anti-foaming agents, which prevents cavitation at high RPM's • North America is projected to remain a prominent regional market, registering a CAGR of 2.4% during the forecast period. The growth of the region can be attributed to rally of the marine sector • Asia Pacific is likely to remain the fastest growing region with a 4.3% CAGR from 2017 to 2025. Some of the factors contributing to the growth of APAC are increasing number of ports, surging trade activities with the U.S. and other developed economies, and rapidly expanding shipbuilding sector • Major industry participants are increasingly engaging in R&D, strategic collaborations, new product launches, and other strategies in order to consolidate their positions in the market.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Marine Lubricants Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Marine lubricants market - value chain analysis
3.4 Regulatory framework
3.5 Technology Overview
3.6 Marine lubricants market dynamics
3.6.1 Market driver analysis
3.6.1.1 Developments in international seaborne trade activities
3.6.1.2 Rapid expansion of shipping industry
3.6.2 Market restraint analysis
3.6.2.1 Fluctuating economic cycles
3.7 Key opportunities prioritized
3.8 Industry analysis - Porter's
3.9 Marine lubricants market - PESTEL analysis
Chapter 4 Marine Lubricants Market: Product Estimates & Trend Analysis
4.1 Product market introduction, 2016 & 2025
4.2 Engine oil
4.2.1 Market estimates & forecast in engine oil, by region, 2014 - 2025
4.3 Hydraulic oil
4.3.1 Market estimates & forecast in hydraulic oil, 2014 - 2025
4.4 Gear oil
4.4.1 Market estimates & forecast in gear oil, 2014 - 2025
4.4.2 Market estimates & forecast in gear oil, by region, 2014 - 2025
4.5 Turbine oil
4.5.1 Market estimates & forecast in turbine oil, 2014 - 2025
4.5.2 Market estimates & forecast in turbine oil, by region, 2014 - 2025
4.6 Greases
4.6.1 Market estimates & forecast in greases, 2014 - 2025
4.6.2 Market estimates & forecast in greases, by region, 2014 - 2025
4.7 Others
4.7.1 Market estimates & forecast in others, 2014 - 2025, 2014 - 2025
4.7.2 Market estimates & forecast in others, by region, 2014 - 2025
Chapter 5 Marine Lubricants Market: Regional Estimates & Trend Analysis
5.1 Regional market introduction, 2016 & 2025
5.2 North America
5.2.1 Market estimates & forecast, 2014 - 2025
5.2.2 Market estimates & forecast, by application 2014 - 2025
5.2.3 U.S.
5.2.3.1 U Market estimates & forecast, 2014 - 2025
5.2.3.2 Market estimates & forecast, 2014 - 2025
5.2.4 Canada
5.2.4.1 Market estimates & forecast, 2014 - 2025
5.2.4.2 Market estimates & forecast, by application, 2014 - 2025
5.3 Europe
5.3.1 Market estimates & forecast, 2014 - 2025
5.3.2 Market estimates & forecast, by application, 2014 - 2025
5.3.3 Germany
5.3.3.1 Market estimates & forecast, 2014 - 2025
5.3.3.2 Market estimates & forecast, by application, 2014 - 2025
5.3.4 U.K.
5.3.4.1 Market estimates & forecast, 2014 - 2025
5.3.4.2 Market estimates & forecast, by application, 2014 - 2025
5.3.5 Russia
5.3.5.1 Market estimates & forecast, 2014 - 2025
5.3.5.2 Market estimates & forecast, by application, 2014 - 2025
5.4 Asia Pacific
5.4.1 Market estimates & forecast, 2014 - 2025
5.4.2 Market estimates & forecast, by application, 2014 - 2025
5.4.3 China
5.4.3.1 Market estimates & forecast, 2014 - 2025
5.4.3.2 Market estimates & forecast, by application, 2014 - 2025
5.4.4 India
5.4.4.1 Market estimates & forecast, 2014 - 2025
5.4.4.2 Market estimates & forecast, by application, 2014 - 2025
5.4.5 Japan
5.4.5.1 Market estimates & forecast, 2014 - 2025
5.4.5.2 Market estimates & forecast, by application, 2014 - 2025
5.4.6 South Korea
5.4.6.1 Market estimates & forecast, 2014 - 2025
5.4.6.2 Market estimates & forecast, by application, 2014 - 2025
5.5 Latin America
5.5.1 Market estimates & forecast, 2014 - 2025
5.5.1.1 Market estimates & forecast, by application, 2014 - 2025
5.5.2 Mexico
5.5.2.1 Market estimates & forecast, 2014 - 2025
5.5.2.2 Market estimates & forecast, by application, 2014 - 2025
5.5.3 Brazil
5.5.3.1 Market estimates & forecast, 2014 - 2025
5.5.3.2 Market estimates & forecast, by application, 2014 - 2025
5.6 Middle East & Africa (MEA)
5.6.1 Market estimates & forecast, 2014 - 2025
5.6.1.1 Market estimates & forecast, by application, 2014 - 2025
5.6.2 Saudi Arabia
5.6.2.1 Market estimates & forecast, 2014 - 2025
5.6.2.2 Market estimates & forecast, by application, 2014 - 2025
Chapter 6 Competitive Landscape
6.1 Marine lubricants company heat map analysis
6.2 Vendor Landscape
6.3 Competitive Environment
6.4 Strategy framework
Chapter 7 Company Profiles
7.1 Bel-Ray Co. Inc.
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Quaker Chemical Corp.
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Zeller+Gmelin GmbH & Co. KG
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.4 Blaser Swisslube AG
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Repsol
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Kluber Lubrication
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Pennzoil
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Phillips 66
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 PetroChina Co. Ltd.
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.10 JX Nippon Oil & Energy Corp.
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
7.11 Petrobras
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
7.12 PetroFer Chemie
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.13 Buhmwoo Chemical Ind. Co. Ltd.
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Product Benchmarking
7.14 Innospec
7.14.1 Company Overview
7.14.2 Financial Performance
7.14.3 Product Benchmarking
7.15 Gulf Oil International
7.15.1 Company Overview
7.15.2 Financial Performance
7.15.3 Product Benchmarking
7.16 UniMarine Inc.
7.16.1 Company Overview
7.16.2 Financial Performance
7.16.3 Product Benchmarking
7.16.4 Strategic Initiatives
7.17 Quepet Lubricants LLC
7.17.1 Company Overview
7.17.2 Financial Performance
7.17.3 Product Benchmarking
List of Tables TABLE 1 Key international regulations & their impact on the marine lubricants industry TABLE 2 Marine lubricants market estimates & forecast in engine oil, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 3 Marine lubricants market volume in engine oil, by region, 2014 - 2025 (Kilo Tons) TABLE 4 Marine lubricants market revenue in engine oil, by region, 2014 - 2025 (USD Million) TABLE 5 Marine lubricants market estimates & forecast in hydraulic oil, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 6 Marine lubricants market volume in hydraulic oil, by region, 2014 - 2025 (Kilo Tons) TABLE 7 Marine lubricants market revenue in hydraulic oil, by region, 2014 - 2025 (USD Million) TABLE 8 Marine lubricants market volume in gear oil, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 9 Marine lubricants market volume in gear oil, by region, 2014 - 2025 (Kilo Tons) TABLE 10 Marine lubricants market revenue in gear oil, by region, 2014 - 2025 (USD Million) TABLE 11 Marine lubricants market estimates & forecast in turbine oil, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 12 Marine lubricants market volume in turbine oil, by region, 2014 - 2025 (Kilo Tons) TABLE 13 Marine lubricants market revenue in turbine oil, by region, 2014 - 2025 (USD Million) TABLE 14 Marine lubricants market estimates & forecast in greases, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 15 Marine lubricants market volume in greases, by region, 2014 - 2025 (Kilo Tons) TABLE 16 Marine lubricants market revenue in greases, by region, 2014 - 2025 (USD Million) TABLE 17 Marine lubricants market estimates & forecast in others, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 18 Marine lubricants market volume in others, by region, 2014 - 2025 (Kilo Tons) TABLE 19 Marine lubricants market revenue in others, by region, 2014 - 2025 (USD Million) TABLE 20 North America marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 21 North America marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 22 North America marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 23 U.S. marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 24 U.S. marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 25 U.S. marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 26 Canada marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 27 Canada marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 28 Canada marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 29 Europe marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 30 Europe marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 31 Europe marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 32 Germany marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 33 Germany marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 34 Germany marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 35 U.K. marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 36 U.K. marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 37 U.K. marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 38 Russia marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 39 Russia marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 40 Russia marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 41 Asia Pacific marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 42 Asia Pacific marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 43 Asia Pacific marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 44 China marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 45 China marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 46 China marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 47 India marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 48 India marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 49 India lubricant additives market revenue, by application, 2014 - 2025 (USD Million) TABLE 50 Japan marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 51 Japan marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 52 Japan lubricant additives market revenue, by application, 2014 - 2025 (USD Million) TABLE 53 South Korea marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 54 South Korea marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 55 South Korea lubricant additives market revenue, by application, 2014 - 2025 (USD Million) TABLE 56 Latin America marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 57 Latin America marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 58 Latin America marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 59 Mexico marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 60 Mexico marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 61 Mexico lubricant additives market revenue, by application, 2014 - 2025 (USD Million) TABLE 62 Brazil marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 63 Brazil marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 64 Brazil lubricant additives market revenue, by application, 2014 - 2025 (USD Million) TABLE 65 MEA marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 66 MEA marine lubricants market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 67 MEA marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 68 Saudi Arabia marine lubricants market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 69 Saudi Arabia marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 70 Saudi Arabia marine lubricants market revenue, by application, 2014 - 2025 (USD Million) TABLE 71 Marine lubricants company heat map analysis
List of Figures FIG. 1 Marine lubricants market snapshot FIG. 2 Marine lubricants market volume, 2015 (Kilo Tons) FIG. 3 Marine lubricants market segmentation FIG. 4 Marine lubricants market volume & revenue, 2014 - 2025 (Kilo Tons) (USD Million) FIG. 5 Marine lubricants value chain analysis FIG. 6 Marine lubricants market dynamics FIG. 7 Marine lubricants market driver impact FIG. 8 Total international seaborne trade, 2010-2016 (millions of tons loaded) FIG. 9 Global shipping industry growth, by region 2008 - 2014 FIG. 10 Marine lubricants market restraint impact FIG. 11 U.S. GDP Per Capita, 2008 to 2014 (USD) FIG. 12 Key opportunities prioritized FIG. 13 Marine lubricants market - Porter's analysis FIG. 14 PESTEL analysis FIG. 15 Marine lubricants market volume by application, 2016 & 2025 FIG. 16 Marine lubricants market volume by region, 2016 & 2025 FIG. 17 Competitive environment FIG. 18 Strategy Framework
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