Global Marine Lubricants Market is
projected to reach USD 6.87 Billion by 2023, at a CAGR of over 2% during the forecast
period owing to increasing safety norms, growing global cargo fleets, easy
availability of mineral oils and increasing investments for R&D. Based on
application, the market has been categorised Engine, Compressor, Hydraulic and
Others. In 2017, the engines segment dominated the global marine lubricants
market and is expected to grow at a fastest CAGR during the next five years
owing to huge size, high consumption, heat
transfer fluids etc. APAC region led the global marine lubricants market in
2017, in terms of value and is expected to lead over the next five years as
well owing to rising infrastructural developments in the shipping industry in
the region and availability of many manufacturers in the region like Royal
Dutch Shell Plc., Indian Oil Corporation Ltd., Total S.A., among others. Some
of the key players of the marine lubricants market present globally are BP PLC,
Sinopec Corporation, Idemitsu Kosan Co. Ltd., Chevron Corporation, among
others.
Years
considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the Study:
- To analyse and forecast the market size of Marine Lubricants Market,
in terms of value and volume.
- To classify and forecast Global Marine Lubricants Market based
on oil type, application, ship type and regional distribution.
- To identify drivers and challenges for Global Marine Lubricants Market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Global Marine Lubricants Market.
- To conduct the pricing analysis for Marine Lubricants Market.
- To identify and analyse the profile of leading players involved in
the manufacturing of Global Marine Lubricants Market.
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Some of the leading players in the Global
Marine Lubricants Market are Indian Oil Corporation Ltd., BP PLC., Exxonmobil
Corporation, Chevron Corporation, Royal Dutch Shell PLC., Idemitsu Kosan Co.
Ltd., Sinopec Corporation, Total S.A., Quepet Lubricants, Unimarine LLC etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the suppliers which
could not be identified due to the limitations of secondary research. TechSci
Research analysed the service offerings, distribution channels and presence of all
major collaboration manufacturer across the globe.
TechSci
Research calculated the market size of Global Marine Lubricants Market using a bottom-up approach, where data for various end user
industries and its application across various product types were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Marine Lubricants Manufacturers
- Traders, Distributors, and
Suppliers
- End-Users
- Raw Material Suppliers
- Industry associations and
experts
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as collaboration
manufacturer and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Marine Lubricants Market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Market, By Oil Type:
- Mineral Oil
- Bio-Based
- Synthetic
- Grease
- Market, By Application:
- Engine
- Compressor
- Hydraulic
- Others
- Market, By Ship Type:
- Tankers
- Cargo Ships
- Container Ships
- Others
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United
Kingdom
- Italy
- Spain
- North America
- United
States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South
Africa
- Saudi
Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Marine Lubricants Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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