Market Overview

Marine Lubricants Market Size, Share & Trends Analysis - Forecast to 2025 - ResearchAndMarkets.com

Share:

The "Marine
Lubricants Market Size, Share & Trends Analysis Report By Product
(Engine Oil, Hydraulic Oil, Gear Oil, Turbine Oil, Greases), By Region
(North America, Europe, APAC), Competitive Landscape, And Segment
Forecasts, 2018 - 2025"
report has been added to ResearchAndMarkets.com's
offering.

The global marine lubricants market size is expected to reach USD 9.32
billion by 2025, expanding at a CAGR of 3.9% during the forecast period

Growing concerns regarding oceanic pollution caused by improper engine
function and subsequent demand for fuel-efficient engines are estimated
to trigger the growth of the market.

Marine lubricants are widely utilized in the shipping industry to help
protect engines and equipment as well as enhance efficiency. These are
essential high performance additives for engines, especially designed to
enable optimal performance in marine operations.

Growth in international trade, removal of trade barriers being the
principal reason, is encouraging developing countries to concentrate
more on improvement of their infrastructure, such as roads, airports,
and seaports, which play a vital role in the development of the economy.
Product storage, along with capacity to move large shipments, has placed
the shipping industry in a very advantageous position.

Global shipping majors, just like other segments of the conventional
transport industry, are increasingly getting integrated with emerging
global logistics and supply chain activities, owing to both external and
internal dynamics. These factors have aided industry participants in
substantially consolidating their market position and supplementing
their ocean freight income, subsequently stoking the demand for marine
lubricants.

Engine oils dominated the market with about 46.0% volume share in 2016.
These products are widely used in high, medium, and slow speed marine
engines to extend service life and protect interior components from high
temperatures & pressure. Some lubricants even offer additive protection
against crankcases, camshaft areas, under-crowns, and ring belts.

Other products such as refrigeration compressor oils are specifically
formulated to perform in extreme temperature environments and consist of
HFC, CFC, and ozone-friendly refrigerants. These lubricants
significantly prevent congealing on valves. The segment is expected to
rise at a 2.8% CAGR from 2017 to 2025

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Marine Lubricants Market Variables, Trends & Scope

Chapter 4 Marine Lubricants Market: Product Estimates & Trend Analysis

Chapter 5 Marine Lubricants Market: Regional Estimates & Trend Analysis

Chapter 6 Competitive Landscape

Chapter 7 Company Profiles

  • Bel-Ray Co. Inc.
  • Quaker Chemical Corp.
  • Zeller+Gmelin GmbH & Co. KG
  • Blaser Swisslube AG
  • Repsol
  • Kluber Lubrication
  • Pennzoil
  • Phillips 66
  • PetroChina Co. Ltd.
  • JX Nippon Oil & Energy Corp.
  • Petrobras
  • PetroFer Chemie
  • Buhmwoo Chemical Ind. Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/x77tvp/marine_lubricants?w=4

View Comments and Join the Discussion!