Marine Lubricants Market - By Product (Mineral Oil, Synthetic Oil, Bio-based marine lubricants), By Application (Engine Oil, Hydraulic Oil, Grease Oil), By Marine Channel (Recreational, Industrial, Transport), By Region & Global Forecast, 2023 - 2032

Marine Lubricants Market - By Product (Mineral Oil, Synthetic Oil, Bio-based marine lubricants), By Application (Engine Oil, Hydraulic Oil, Grease Oil), By Marine Channel (Recreational, Industrial, Transport), By Region & Global Forecast, 2023 - 2032

Marine Lubricants Market is poised to witness significant growth through 2032, owing to the increasing demand for bio-based lubricants in North America and Europe. Besides, marine lubricants are used in a range of equipment such as dust suppressants, railroad flanges, and chainsaw bars, and offer benefits including lower cost, maintenance, and less toxicity. Increasing demand for these products, coupled with innovations in biotechnological solutions and stringent environmental regulations will augment the market demand between 2023 and 2032.

Key market players are seeking valuable mergers and acquisitions to expand their existing portfolios and strengthen their position in the marine lubricants market. To cite an instance, in December 2022, SHELL, the British multinational oil and gas firm, announced the acquisition of a 49% interest in Blue Tide Environmental, which produces low-sulfur marine fuel derived from recycled used motor oil.

Overall, the marine lubricants market has been bifurcated in terms of product, application, marine channel, and region.

Based on product, the biobased marine lubricants segment is set to witness rapid growth through 2032. This can be credited to factors such as the enforcement of stringent regulations on the use of conventional lubricants, enhanced environmental awareness, and an increasing acceptance of environmental-friendly bio-based products in the marine industry. Besides, the increasing price of crude oil in the past few years has resulted in the growing cost competitiveness of advanced bio-based marine lubricants, which will also fuel the market demand.

In terms of application, the hydraulic oil segment will grow at more than 6% CAGR over the next ten years. Hydraulic oil is primarily used in cruise ships. The increasing trend for cruise travel along with favorable government initiatives focused on enhancing the tourism sector are projected to boost product demand through 2032.

On the basis of the marine channel, the market is likely to be characterized by the transport segment. The use of transport ships is anticipated to grow significantly due to the increasing trade of consumer goods and commodities around the globe. Moreover, in addition to the increasing volume of foreign trade due to bilateral trade treaties, the development of a large number of ports, navigation facilities, and water networks will also fuel market growth.

In the regional context, the marine lubricant market will expand rapidly in the Asia Pacific region, depicting 6.5% CAGR in the next ten years. The regional market will be driven by the presence of some of the world’s busiest ports in the region. Besides, rapid industrial growth and increasing private investments in the shipbuilding sector across Asian countries will also accelerate the demand for marine lubricant products.


Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.5 Industry glossary
Chapter 2 Executive Summary
2.1 Marine lubricants market 360 degree synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Marine channel trends
2.1.5 Regional trends
Chapter 3 Marine lubricants Industry Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on the world economy
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Impact of COVID-19 on industry value chain
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 Asia Pacific
3.5 Global shipping industry review
3.6 Technology landscape
3.7 Pricing Trend
3.7.1 Mineral Lubricants
3.7.2 Synthetic Lubricants
3.7.3 Biobased Lubricants
3.7.4 Latin America
3.7.5 Middle East and Africa
3.7.6 Cost structure analysis, 2022
3.7.7 Impact of COVID 19 on prices
3.8 Raw material analysis
3.8.1 Crude oil
3.8.2 Base oil
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Ship building and fleet market expansion in Asia Pacific region
3.9.1.2 Increasing bio-based lubricants demand in Europe and North America
3.9.2 Industry pitfalls and challenges
3.9.2.1 Strict norms for synthetic lubricants
3.10 Innovation & sustainability
3.11 Porter’s analysis
3.11.1 Buyer’s power
3.11.2 Supplier power
3.11.3 Threat of new entrants
3.11.4 Threat of substitutes
3.11.5 Industry rivalry
3.12 Growth potential analysis, 2022
3.13 PESTLE analysis
3.14 Impact of COVID 19 on marine lubricants demand, by application
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share analysis, by region 2022
4.2.1 North America Marine lubricants market share analysis 2022
4.2.2 Europe Marine lubricants market share analysis 2022
4.2.3 Asia Pacific Marine lubricants market share analysis 2022
4.2.4 Latin America Marine lubricants market share analysis 2022
4.2.5 MEA Marine lubricants market share analysis 2022
4.3 Strategy Dashboard
Chapter 5 Marine lubricants Market, By Product
5.1 Marine lubricants market, by product, 2021 & 2032
5.2 Mineral Oil
5.2.1 Market estimates and forecast, 2018 - 2032
5.2.2 Market estimates and forecast by region, 2018 - 2032
5.3 Synthetic Oil
5.3.1 Market estimates and forecast, 2018 - 2032
5.3.2 Market estimates and forecast by region, 2018 - 2032
5.4 Bio Based Marine Lubricants
5.4.1 Market estimates and forecast, 2018 - 2032
5.4.2 Market estimates and forecast by region, 2018 – 2032
Chapter 6 Marine lubricants Market, By Application
6.1 Marine lubricants market, by application, 2021 & 2032
6.2 Engine Oil
6.2.1 Market estimates and forecast, 2018 - 2032
6.2.2 Market estimates and forecast, by region, 2018 - 2032
6.3 Hydraulic Oil
6.3.1 Market estimates and forecast, 2018 – 2032
6.3.2 Market estimates and forecast, by region, 2018 – 2032
6.4 Grease Oil
6.4.1 Market estimates and forecast, 2018 – 2032
6.4.2 Market estimates and forecast, by region, 2018 – 2032
6.5 Others
6.5.1 Market estimates and forecast, 2018 – 2032
6.5.2 Market estimates and forecast, by region, 2018 – 2032
Chapter 7 Marine lubricants Market, By Marine channel
7.1 Marine lubricants market, by marine channel, 2021 & 2032
7.2 Recreational
7.2.1 Market estimates and forecast, 2018 - 2032
7.2.2 Market estimates and forecast, by region, 2018 – 2032
7.2.3 Inflatable Boats
7.2.3.1 Market estimates and forecast, 2018 - 2032
7.2.3.2 Market estimates and forecast, by region, 2018 – 2032
7.2.4 In Board Motorboats
7.2.4.1 Market estimates and forecast, 2018 - 2032
7.2.4.2 Market estimates and forecast, by region, 2018 – 2032
7.2.5 Out Board Motorboats
7.2.5.1 Market estimates and forecast, 2018 - 2032
7.2.5.2 Market estimates and forecast, by region, 2018 – 2032
7.2.6 Others
7.2.6.1 Market estimates and forecast, 2018 - 2032
7.2.6.2 Market estimates and forecast, by region, 2018 – 2032
7.3 Industrial
7.3.1 Market estimates and forecast, 2018 – 2032
7.3.2 Market estimates and forecast, by region, 2018 – 2032
7.3.3 Drill Ships
7.3.3.1 Market estimates and forecast, 2018 - 2032
7.3.3.2 Market estimates and forecast, by region, 2018 – 2032
7.3.4 Semi Submerged Ship
7.3.4.1 Market estimates and forecast, 2018 - 2032
7.3.4.2 Market estimates and forecast, by region, 2018 – 2032
7.4 Transport
7.4.1 Market estimates and forecast, 2018 – 2032
7.4.2 Market estimates and forecast, by region, 2018 – 2032
7.4.3 Transport
7.4.3.1 Market estimates and forecast, 2018 - 2032
7.4.3.2 Market estimates and forecast, by region, 2018 – 2032
7.4.4 Cargo Ships
7.4.4.1 Market estimates and forecast, 2018 - 2032
7.4.4.2 Market estimates and forecast, by region, 2018 – 2032
7.4.5 Container ships
7.4.5.1 Market estimates and forecast, 2018 - 2032
7.4.5.2 Market estimates and forecast, by region, 2018 – 2032
7.4.6 Passenger ships
7.4.6.1 Market estimates and forecast, 2018 - 2032
7.4.6.2 Market estimates and forecast, by region, 2018 – 2032
7.4.7 Others
7.4.7.1 Market estimates and forecast, 2018 - 2032
7.4.7.2 Market estimates and forecast, by region, 2018 – 2032
Chapter 8 Marine lubricants Market, By Region
8.1 Marine lubricants market, by region, 2021 & 2032
8.2 North America
8.2.1 Market estimates & forecast, 2018-2032
8.2.2 Market estimates & forecast, by product, 2018 - 2032
8.2.3 Market estimates & forecast, by application, 2018 – 2032
8.2.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.2.5 U.S.
8.2.5.1 Market estimates and forecast, 2018-2032
8.2.5.2 Market estimates and forecast, by product, 2018 - 2032
8.2.5.3 Market estimates and forecast, by application, 2018 – 2032
8.2.5.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.2.6 Canada
8.2.6.1 Market estimates and forecast, 2018-2032
8.2.6.2 Market estimates and forecast, by product, 2018 – 2032
8.2.6.3 Market estimates and forecast, by application, 2018 – 2032
8.2.6.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3 Europe
8.3.1 Market estimates & forecast, 2018-2032
8.3.2 Market estimates & forecast, by product, 2018 – 2032
8.3.3 Market estimates & forecast, by application, 2018 – 2032
8.3.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3.5 Germany
8.3.5.1 Market estimates and forecast, 2018-2032
8.3.5.2 Market estimates and forecast, by product, 2018 – 2032
8.3.5.3 Market estimates and forecast, by application, 2018 – 2032
8.3.5.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3.6 Netherlands
8.3.6.1 Market estimates and forecast, 2018-2032
8.3.6.2 Market estimates and forecast, by product, 2018 – 2032
8.3.6.3 Market estimates and forecast, by application, 2018 – 2032
8.3.6.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3.7 Belgium
8.3.7.1 Market estimates and forecast, 2018-2032
8.3.7.2 Market estimates and forecast, by product, 2018 - 2032
8.3.7.3 Market estimates and forecast, by application, 2018 – 2032
8.3.7.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3.8 Spain
8.3.8.1 Market estimates and forecast, 2018-2032
8.3.8.2 Market estimates and forecast, by product, 2018 – 2032
8.3.8.3 Market estimates and forecast, by application, 2018 – 2032
8.3.8.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.3.9 Italy
8.3.9.1 Market estimates and forecast, 2018-2032
8.3.9.2 Market estimates and forecast, by product, 2018 – 2032
8.3.9.3 Market estimates and forecast, by application, 2018 – 2032
8.3.9.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.3.10 Russia
8.3.10.1 Market estimates and forecast, 2018-2032
8.3.10.2 Market estimates and forecast, by product, 2018 – 2032
8.3.10.3 Market estimates and forecast, by application, 2018 – 2032
8.3.10.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.3.11 Greece
8.3.11.1 Market estimates and forecast, 2018-2032
8.3.11.2 Market estimates and forecast, by product, 2018 – 2032
8.3.11.3 Market estimates and forecast, by application, 2018 – 2032
8.3.11.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.4 Asia Pacific
8.4.1 Market estimates & forecast, 2018-2032
8.4.2 Market estimates & forecast, by product, 2018 – 2032
8.4.3 Market estimates & forecast, by application, 2018 – 2032
8.4.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.4.5 China
8.4.5.1 Market estimates and forecast, 2018-2032
8.4.5.2 Market estimates and forecast, by product, 2018 – 2032
8.4.5.3 Market estimates and forecast, by application, 2018 – 2032
8.4.5.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.6 Hongkong
8.4.6.1 Market estimates and forecast, 2018-2032
8.4.6.2 Market estimates and forecast, by product, 2018 – 2032
8.4.6.3 Market estimates and forecast, by application, 2018 – 2032
8.4.6.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.7 India
8.4.7.1 Market estimates and forecast, 2018-2032
8.4.7.2 Market estimates and forecast, by product, 2018 – 2032
8.4.7.3 Market estimates and forecast, by application, 2018 – 2032
8.4.7.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.8 Taiwan
8.4.8.1 Market estimates and forecast, 2018-2032
8.4.8.2 Market estimates and forecast, by product, 2018 – 2032
8.4.8.3 Market estimates and forecast, by application, 2018 – 2032
8.4.8.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.9 Japan
8.4.9.1 Market estimates and forecast, 2018-2032
8.4.9.2 Market estimates and forecast, by product, 2018 – 2032
8.4.9.3 Market estimates and forecast, by application, 2018 – 2032
8.4.9.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.10 South Korea
8.4.10.1 Market estimates and forecast, 2018-2032
8.4.10.2 Market estimates and forecast, by product, 2018 – 2032
8.4.10.3 Market estimates and forecast, by application, 2018 – 2032
8.4.10.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.11 Australia
8.4.11.1 Market estimates and forecast, 2018-2032
8.4.11.2 Market estimates and forecast, by product, 2018 – 2032
8.4.11.3 Market estimates and forecast, by application, 2018 – 2032
8.4.11.4 Market estimates & forecast, by marine channel, 2018 – 2032
8.4.12 Malaysia
8.4.12.1 Market estimates and forecast, 2018-2032
8.4.12.2 Market estimates and forecast, by product, 2018 – 2032
8.4.12.3 Market estimates and forecast, by application, 2018 – 2032
8.4.12.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.4.13 Singapore
8.4.13.1 Market estimates and forecast, 2018-2032
8.4.13.2 Market estimates and forecast, by product, 2018 – 2032
8.4.13.3 Market estimates and forecast, by application, 2018 – 2032
8.4.13.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.5 Latin America
8.5.1 Market estimates & forecast, 2018-2032
8.5.2 Market estimates & forecast, by product, 2018 – 2032
8.5.3 Market estimates & forecast, by application, 2018 – 2032
8.5.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.5.5 Brazil
8.5.5.1 Market estimates and forecast, 2018-2032
8.5.5.2 Market estimates and forecast, by product, 2018 – 2032
8.5.5.3 Market estimates and forecast, by application, 2018 – 2032
8.5.5.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.5.6 Mexico
8.5.6.1 Market estimates and forecast, 2018-2032
8.5.6.2 Market estimates and forecast, by product, 2018 – 2032
8.5.6.3 Market estimates and forecast, by application, 2018 – 2032
8.5.6.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.5.7 Panama
8.5.7.1 Market estimates and forecast, 2018-2032
8.5.7.2 Market estimates and forecast, by product, 2018 – 2032
8.5.7.3 Market estimates and forecast, by application, 2018 – 2032
8.5.7.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6 Middle East & Africa
8.6.1 Market estimates & forecast, 2018-2032
8.6.2 Market estimates & forecast, by product, 2018 – 2032
8.6.3 Market estimates & forecast, by application, 2018 – 2032
8.6.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.5 Saudi Arabia
8.6.5.1 Market estimates and forecast, 2018-2032
8.6.5.2 Market estimates and forecast, by product, 2018 – 2032
8.6.5.3 Market estimates and forecast, by application, 2018 – 2032
8.6.5.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.6 UAE
8.6.6.1 Market estimates and forecast, 2018-2032
8.6.6.2 Market estimates and forecast, by product, 2018 – 2032
8.6.6.3 Market estimates and forecast, by application, 2018 – 2032
8.6.6.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.7 South Africa
8.6.7.1 Market estimates and forecast, 2018-2032
8.6.7.2 Market estimates and forecast, by product, 2018 – 2032
8.6.7.3 Market estimates and forecast, by application, 2018 – 2032
8.6.7.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.8 Israel
8.6.8.1 Market estimates and forecast, 2018-2032
8.6.8.2 Market estimates and forecast, by product, 2018 – 2032
8.6.8.3 Market estimates and forecast, by application, 2018 – 2032
8.6.8.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.9 Angola
8.6.9.1 Market estimates and forecast, 2018-2032
8.6.9.2 Market estimates and forecast, by product, 2018 – 2032
8.6.9.3 Market estimates and forecast, by application, 2018 – 2032
8.6.9.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.10 Nigeria
8.6.10.1 Market estimates and forecast, 2018-2032
8.6.10.2 Market estimates and forecast, by product, 2018 – 2032
8.6.10.3 Market estimates and forecast, by application, 2018 – 2032
8.6.10.4 Market estimates & forecast, by marine channel, 2018 - 2032
8.6.11 Egypt
8.6.11.1 Market estimates and forecast, 2018-2032
8.6.11.2 Market estimates and forecast, by product, 2018 – 2032
8.6.11.3 Market estimates and forecast, by application, 2018 – 2032
8.6.11.4 Market estimates & forecast, by marine channel, 2018 - 2032
Chapter 9 Company Profiles
9.1 Royal Dutch Shell
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Chevron Marine Products
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Synforce Lubricants
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 China Petroleum & Chemical Corporation (Sinopec Corp)
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 ENEOS Corporation
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Avinoil SA
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Quepet Lubricants
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Castrol Limited
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Exxon Mobil Corporation
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Valvoline Inc
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Valvoline Inc
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 Gulf Oil International Limited
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Lubricon
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 Idemitsu Kosan Co Ltd.
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic Outlook
9.14.5 SWOT Analysis
9.15 Stanley Lubricants
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 Strategic Outlook
9.15.5 SWOT Analysis
9.16 Indian Oil Corporation Ltd (IOCL)
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 Strategic Outlook
9.16.5 SWOT Analysis
9.17 Lukoil Marine Lubricants DMCC
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Strategic Outlook
9.17.5 SWOT Analysis
9.18 Fuchs Lubricants Co.
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Strategic Outlook
9.18.5 SWOT Analysis
9.19 Aegean Oil SA
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Strategic Outlook
9.19.5 SWOT Analysis
9.20 Repsol SA
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Strategic Outlook

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