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    Marine Lubricants Market | Covid-19 Impact Analysis

    Marine Lubricants Market | Covid-19 Impact Analysis

    Marine Lubricants Market | Covid-19 Impact Analysis
    Report code - SRAM495 Delivery - 2 Weeks
    Marine Lubricants Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...
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    Impact of COVID-19 on Marine Lubricants Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Marine Lubricants Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Marine Lubricants Market Insights

    Marine Lubricants Market is likely to witness a moderate CAGR of 1.9% during the forecast period. The major factors contributing towards the increasing growth of the marine lubricants market are surge in world trade, new shipbuilding abilities and dry-docking activities.

    Marine Lubricants Market - Snapshot

    Growth

    1.9% for the next five years

    Major Oil Type

    Mineral Oil

    Major Ship Type

    Bulk Carriers

    Dominant Product Type

    Engine Oil

    Region with the highest demand

    Asia-Pacific

    Key Players

    BP plc, Royal Dutch Shell plc, Exxon Mobil Corporation,

    Chevron Corporation, Sinopec Corporation, PJSC Lukoil,

    Idemitsu Kosan Co., Ltd., and Total S.A.

     

    Market Share Analysis

    Marine-Lubricants-Market-Dominant-Segments

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    Marine Lubricants Market Share: By Oil Type

    Based on the oil type, the market is segmented as mineral oil, synthetic oil, bio-based, and grease. The mineral oil segment held the largest share of the market in 2019, and is expected to register a moderate CAGR during the forecast period. The low cost and easy availability of mineral oil from crude extracts and their easy applicability in almost every marine application is driving the growth of this segment.

    Marine Lubricants Market Share: By Product Type

    Based on the product type, the market is segmented as engine oil, hydraulic fluid, compressor oil, and others. The engine oil segment is expected to dominate the market during the forecast period because of huge size of engine, high consumption, and smaller drain intervals; the engine requires large amount of fuels and lubricants which are the key factors driving the growth of the segment.

    Marine Lubricants Market Share: By Ship Type

    Based on the ship type, the market is segmented as bulk carriers, tankers, container ship, and others. The bulk carrier segment is expected to dominate the marine lubricants market during the forecast period.

    Marine Lubricants Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing marine lubricants market during the forecast period, because of the presence of the busiest ports in the region. Increasing trade activities and rising infrastructural developments in the shipping industry (in the form of increasing ports network) are responsible for the high demand for marine lubricants in the region.

    Marine-Lubricants-Market-By-Region

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    Some of the major marine lubricant manufacturers are-

    • BP plc
    • Royal Dutch Shell plc
    • Exxon Mobil Corporation
    • Chevron Corporation
    • Sinopec Corporation
    • PJSC Lukoil
    • Idemitsu Kosan Co., Ltd.
    • Total S.A.

     

    Market Scope & Segmentation

    Marine Lubricants are used to reduce friction and heat generation between the surfaces when the surfaces move. These are also responsible for transmitting forces, transporting foreign particles, or heating or cooling the surfaces while they are moving. The increased emission of harmful nitrogen and sulfur oxide into the sea has drawn attention of the lubricant manufacturers to adopt quick measures to continue their operations in the market. Less emission will lead to better quality and durability of marine lubricants used in ships, prolonging the service life of the mechanical equipment’s. All the technological advancements in the marine industry play a crucial role in the growth of marine lubricants.
    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Marine Lubricants Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    The marine lubricants market is segmented into the following categories. 

    Marine Lubricants Market Size, Share, & Forecast, by Oil Type:

    • Mineral Oil
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Oil Type Analysis: Paraffinic Oil, Naphthenic Oil, and Aromatic Oil)
    • Synthetic Oil
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Oil Type Analysis: PAO, PAG, and Esters)
    • Bio-Based
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Oil Type Analysis: Plant Source and Animal Fats)
    • Grease
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Oil Type Analysis: Metallic Soap Thickener, Non-soap Thickener, and Inorganic Thickener)

    Marine Lubricants Market Size, Share, & Forecast, by Product Type:

    • Engine Oil
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Cylinder Oil and System Oil)
    • Hydraulic Fluid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compressor Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Gears, Heat Transfer Fluid, and Rust Preventatives)

    Marine Lubricants Market Size, Share, & Forecast, by Ship Type:

    • Bulk Carriers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ship Type Analysis: Handysize, Handymax, Panamax, and Capesize)
    • Tankers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ship Type Analysis: Panamax, Aframax, Suezmax, Very Large Crude Carrier (VLCC), and Ultra Large Crude Carrier (ULCC))
    • Container Ship (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ship Type Analysis: Reefers, Drill Ships, Passenger ships, Roll on Roll Off Ships, and Service Ships)

    Marine Lubricants Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Marine-Lubricants-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by oil type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Marine Lubricants Market in the foreseeable future?

    The marine lubricants market is expected to witness an impressive growth of 1.9% CAGR in the foreseeable future.

    Who are the key players in the Marine Lubricants Market?

    BP plc, Royal Dutch Shell plc, Exxon Mobil Corporation, Chevron Corporation, Sinopec Corporation, PJSC Lukoil, Idemitsu Kosan Co., Ltd., and Total S.A are among the key players in the marine lubricants market.

    Which country/region is expected to be the largest Marine Lubricants Market?

    Asia-Pacific is expected to be the largest marine lubricants market during the next five years.

    Which product type is expected to dominate the Marine Lubricants Market?

    The engine oil segment is expected to dominate the marine lubricants market in the coming years.

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