Press release
Marine Lubricants Market is projected USD 7.6 Bn by 2025 | Top key Manufacturers - Shell, Total, ExxonMobil, BP, Chevron, Sinopec
Marine Lubricants Market
Global Marine Lubricants Market valued approximately USD 6.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 2.64% over the forecast period. The Global Marine Lubricants Market projected to reach USD 7.6 billion by 2025.
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Owing to the infrastructural developments in global shipping industry along with the evolution in technologies to reduce carbon emission are the major factors which are driving the growth in the Global Marine Lubricants Market. whereas, rising retardation in trade activities and increasing fleet of idle ships are likely to hamper the market growth over the forecast period 2018-2025.
The lubricating grease and oil that is utilized in the marine industry, are known as marine lubricants. These lubricants are used to improve efficiency and to protect the engines and other equipment. These are high-performance lubricants, which are designed to provide optimum operational performance. These lubricants offer various essential features like protecting the engine and other components at high temperatures, extending engine life, enhancing reliability and performance of machinery, protect from cold corrosion and mechanical wear. Changing needs from heavy shipping sectors are resulting in rising research and development activities in the marine oil sector. This is encouraging the development of new sources and products to offer enhanced oil life, reduced maintain and improved performance of the machine.
Furthermore, the decrease in oil consumption and rising oil drain intermissions in the coastal or inland shipping sector has generated several issues associated with demand and supply. Therefore, major market players are counted in the development of a wide range of high-quality lubricating oils for different types of engines, integrating technological innovations for providing high performance and therefore aiding the market of marine lubricant.
The regional analysis of Global Marine Lubricants Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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Segments and sub-segments by:
Key Players:
1 Shell
2 Total
3 ExxonMobil
4 BP
5 Chevron
6 Sinopec
7 Quepet and more....
Regions:
1 North America Country (United States, Canada)
2 Latin America (Brazil, Mexico)
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Product Types:
1 Engine Oil
2 Hydraulic Oil
3 Ger Oil
4 Turbine Oil
5 Greases
6 Others
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Table of Content:
1 Global MARINE LUBRICANTS Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Marine Lubricants Market Dynamics
5 Global Marine Lubricants Market, By Type
6 Global Marine Lubricants Market, By Insulation Material
7 Global Marine Lubricants Market, By Component
8 Global Marine Lubricants Market, By End-Use
9 Global Marine Lubricants Market, by Regional Analysis
10 Competitive Intelligence
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