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Global Marine Lubricants Market Highlights & Opportunities 2025
by NiravGokani · January 8 Maglia Danilo D'Ambrosio Inter Milano , 2019


ResearchMoz include new market research report “Marine Lubricants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” to its huge collection of research reports.


Lubricants play a vital role in the reduction of friction and wear and tear of operating parts of different machines. The movement of certain mechanical parts is operational only in the presence of lubricants. Marine lubricants minimize the wear and tear between different machine parts and improve their output efficiency. Marine lubricants have numerous uses in the shipping industry Maglia Miranda Inter Milano , as a result of which different types of engine oil, hydraulic oil, and grease are developed.


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Ships require marine lubricants for smooth functioning of machineries and components installed on them. Marine lubricants are effective in eliminating the harmful effects of friction. Introduction of the aviation transportation mode has hampered the water transport mode. However, owing to the high cost of aviation transportation, water transport has regained its popularity. Thus, the growing water transport worldwide is expected to fuel the demand for marine lubricants in the next few years. Group I base oils are getting scarce as well as expensive and witnessing fluctuations in demand. This is likely to result in shutdown of Group I refineries. The inadequate supply of bright stock material has propelled the discovery of alternatives Maglia Andrea Ranocchia Inter Milano , which also are inadequate. Thus, shortage of supply is expected to hamper the marine lubricants market in the near future.


Global Marine Lubricants Market: Research Methodology


The report estimates and forecasts the marine lubricants market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the marine lubricants market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market.


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The application segment includes engine oil, hydraulic oil, turbine oil, gear oil, heat transfer fluids (HTFs) Maglia Mauro Icardi Inter Milano , compressor oil, grease and others. The most consumed marine lubricants are engine oil, gear oil, hydraulic oil and grease. Following engine oil, the second most consumed marine lubricant is hydraulic oil. Even though engine oil segment held significant share of the marine lubricants market, hydraulic oil segment is expected to exhibit major growth potential during the forecast period. Regional segmentation includes the current and forecast consumption of marine lubricants in North America Maglia Samir Handanovic Inter Milano , Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually.


Global Marine Lubricants Market: Competitive Outlook


The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Royal Dutch Shell plc, ExxonMobil Corporation, BP PLC. Maglia Blank Inter Milano , LUKOIL Marine Lubricants DMCC, Chevron Corporation, and Total Lubmarine. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors Maglia Joao Mario , business overview, business strategies, recentkey developments, acquisitions, and financial overview (wherever applicable).


Secondary research sources that were typically referred to include, but were not limited to Maglia Lautaro Martinez , OPEC Annual Statistical Bulletin, U.S. Energy Information Administration (EIA), Marine Environment Protection Committee (MEPC), Independent Chemical Information Service (ICIS), International Chamber of Shipping (ICS), International Maritime Organization (IMO) Maglia Sime Vrsaljko , company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases Maglia Andrea Pinamonti , statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.


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