Global Marine Lubricants Market 2024-2028

Global Marine Lubricants Market 2024-2028


The marine lubricants market is forecasted to grow by USD 41.21 mn during 2023-2028, accelerating at a CAGR of 2.49% during the forecast period. The report on the marine lubricants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for optimized engine performance and fuel efficiency, development of shipping industry, and increase in naval expenditure.

Technavio's marine lubricants market is segmented as below:

By Application
  • Engine oil
  • Hydraulic oil
  • Grease
  • Others
By Type
  • Mineral oil-based marine lubricants
  • Bio-based marine lubricants
  • Synthetic marine lubricants
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the growth in use of bio-based lubricants as one of the prime reasons driving the marine lubricants market growth during the next few years. Also, increasing demand for marine lubricants from commercial segment and increase in maritime trade and transport will lead to sizable demand in the market.

The report on the marine lubricants market covers the following areas:
  • Marine lubricants market sizing
  • Marine lubricants market forecast
  • Marine lubricants market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine lubricants market vendors that include Benjn.R.Vickers and Sons Ltd., BP Plc, Chevron Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc, Eni SpA, Exxon Mobil Corp., Feoso Oil Ltd., FUCHS PETROLUB SE, Gulf Oil International Ltd, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PJSC LUKOIL, Repsol SA, Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Valvoline Inc., TotalEnergies SE, Emirates National Oil Co. Ltd. LLC, and Gazprom Nedra LLC. Also, the marine lubricants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global marine lubricants market 2018 - 2022
      • Table Historic Market Size – Data table on global marine lubricants market 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Engine oil - Market size and forecast 2023-2028
      • Table Chart on Engine oil - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Engine oil - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Engine oil - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Engine oil - Year-over-year growth 2023-2028 (%)
    • Hydraulic oil - Market size and forecast 2023-2028
      • Table Chart on Hydraulic oil - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Hydraulic oil - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Hydraulic oil - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Hydraulic oil - Year-over-year growth 2023-2028 (%)
    • Grease - Market size and forecast 2023-2028
      • Table Chart on Grease - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Grease - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Grease - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Grease - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Mineral oil-based marine lubricants - Market size and forecast 2023-2028
      • Table Chart on Mineral oil-based marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Mineral oil-based marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Mineral oil-based marine lubricants - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Mineral oil-based marine lubricants - Year-over-year growth 2023-2028 (%)
    • Bio-based marine lubricants - Market size and forecast 2023-2028
      • Table Chart on Bio-based marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Bio-based marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Bio-based marine lubricants - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Bio-based marine lubricants - Year-over-year growth 2023-2028 (%)
    • Synthetic marine lubricants - Market size and forecast 2023-2028
      • Table Chart on Synthetic marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Synthetic marine lubricants - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Synthetic marine lubricants - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Synthetic marine lubricants - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • South Korea - Market size and forecast 2023-2028
      • Table Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • Italy - Market size and forecast 2023-2028
      • Table Chart on Italy - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Italy - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Italy - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing need for optimized engine performance and fuel efficiency
      • Development of shipping industry
      • Increase in naval expenditure
    • Market challenges
      • Difficulties in adoption of lower carbon fuels within maritime industry
      • Stringent environmental regulations on marine lubricants
      • Increase in adoption of alternative propulsion systems
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growth in use of bio-based lubricants
      • Increasing demand for marine lubricants from commercial segment
      • Increase in maritime trade and transport
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • BP Plc
      • Table BP Plc - Overview
      • Table BP Plc - Business segments
      • Table BP Plc - Key news
      • Table BP Plc - Key offerings
      • Table BP Plc - Segment focus
    • Chevron Corp.
      • Table Chevron Corp. - Overview
      • Table Chevron Corp. - Business segments
      • Table Chevron Corp. - Key offerings
      • Table Chevron Corp. - Segment focus
    • Compania Espanola de Petroleos SA
      • Table Compania Espanola de Petroleos SA - Overview
      • Table Compania Espanola de Petroleos SA - Business segments
      • Table Compania Espanola de Petroleos SA - Key offerings
      • Table Compania Espanola de Petroleos SA - Segment focus
    • ENEOS Holdings Inc
      • Table ENEOS Holdings Inc - Overview
      • Table ENEOS Holdings Inc - Business segments
      • Table ENEOS Holdings Inc - Key offerings
      • Table ENEOS Holdings Inc - Segment focus
    • Eni SpA
      • Table Eni SpA - Overview
      • Table Eni SpA - Business segments
      • Table Eni SpA - Key offerings
      • Table Eni SpA - Segment focus
    • Exxon Mobil Corp.
      • Table Exxon Mobil Corp. - Overview
      • Table Exxon Mobil Corp. - Business segments
      • Table Exxon Mobil Corp. - Key offerings
      • Table Exxon Mobil Corp. - Segment focus
    • FUCHS PETROLUB SE
      • Table FUCHS PETROLUB SE - Overview
      • Table FUCHS PETROLUB SE - Business segments
      • Table FUCHS PETROLUB SE - Key news
      • Table FUCHS PETROLUB SE - Key offerings
      • Table FUCHS PETROLUB SE - Segment focus
    • Gazprom Nedra LLC
      • Table Gazprom Nedra LLC - Overview
      • Table Gazprom Nedra LLC - Product / Service
      • Table Gazprom Nedra LLC - Key offerings
    • Gulf Oil International Ltd
      • Table Gulf Oil International Ltd - Overview
      • Table Gulf Oil International Ltd - Product / Service
      • Table Gulf Oil International Ltd - Key offerings
    • Idemitsu Kosan Co. Ltd.
      • Table Idemitsu Kosan Co. Ltd. - Overview
      • Table Idemitsu Kosan Co. Ltd. - Business segments
      • Table Idemitsu Kosan Co. Ltd. - Key offerings
      • Table Idemitsu Kosan Co. Ltd. - Segment focus
    • Indian Oil Corp. Ltd.
      • Table Indian Oil Corp. Ltd. - Overview
      • Table Indian Oil Corp. Ltd. - Business segments
      • Table Indian Oil Corp. Ltd. - Key offerings
      • Table Indian Oil Corp. Ltd. - Segment focus
    • PJSC LUKOIL
      • Table PJSC LUKOIL - Overview
      • Table PJSC LUKOIL - Product / Service
      • Table PJSC LUKOIL - Key offerings
    • Shell plc
      • Table Shell plc - Overview
      • Table Shell plc - Business segments
      • Table Shell plc - Key news
      • Table Shell plc - Key offerings
      • Table Shell plc - Segment focus
    • Sinopec Shanghai Petrochemical Co. Ltd.
      • Table Sinopec Shanghai Petrochemical Co. Ltd. - Overview
      • Table Sinopec Shanghai Petrochemical Co. Ltd. - Business segments
      • Table Sinopec Shanghai Petrochemical Co. Ltd. - Key news
      • Table Sinopec Shanghai Petrochemical Co. Ltd. - Key offerings
      • Table Sinopec Shanghai Petrochemical Co. Ltd. - Segment focus
    • TotalEnergies SE
      • Table TotalEnergies SE - Overview
      • Table TotalEnergies SE - Business segments
      • Table TotalEnergies SE - Key news
      • Table TotalEnergies SE - Key offerings
      • Table TotalEnergies SE - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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