Marine Lubricants Market

Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container), and Region - Global Forecast to 2023

Report Code: CH 4624 Aug, 2018, by marketsandmarkets.com

The global marine lubricants market is estimated to be USD 5.9 billion in 2018 and is projected to reach USD 6.6 billion by 2023, at a CAGR of 2.1% from 2018 to 2023. The increasing demand for emerging alternative technologies is expected to drive the growth of the global marine lubricants market.

Marine Lubricants Market

See how this study impacted revenues for other players in Marine Lubricants Market

Client’s Problem Statement

A leading Tier 1 company engaged MnM to provide information about the current and future market scenario in the marine lubricants market.

MnM Approach

An analysis was undertaken by MnM from the supply to the demand side to identify the gaps and understand the positioning of the client’s products. An estimation/forecast of market size on the basis of major geographies, product types, oil types, and ship types was undertaken.
• A detailed market analysis and end-use scenario developed by MnM helped the client understand current and forecast market demand for marine lubricants by each product type and oil type and was able to assess intrinsic market insights for its advanced product offerings
• The study also assisted the client in modifying its competitive strategies based on strategies adopted by other leading players in the marine lubricants market
• The client was provided with information about the impact of regulations implemented by IMO for sulfur content in marine lubricants

Revenue Impact (RI)

Our analysis is expected to impact the client's revenue with an additional USD 60 million during the next five years from the marine lubricants business.

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Mineral oil to be the largest oil type during the forecast period.

Based on oil type, the global marine lubricants market has been segmented into mineral oil, synthetic, bio-based, and grease. The synthetic segment is projected to grow at the highest CAGR during the forecast period due to the growing demand for highly efficient, durable, and environmentally friendly products. Stringent safety norms have been introduced by various governments to control the high sulfur and nitrogen emissions into the sea by the use of mineral oil. These emissions not only harm aquatic life and the environment but also damage the ozone layer, thus increasing the need to switch to less toxic synthetic and bio-based products

Marine Lubricants Market

Engine oil to be the largest product type during the forecast period.

Based on product type, the global marine lubricants market has been segmented into engine oil, hydraulic fluid, compressor oil, and others. The compressor oil segment is projected to grow at the highest CAGR during the forecast period due to the rising demand from refrigeration and air compressors in the currently plying large ships. Additionally, there is a growing demand for luxury and cruise ships, leading to a significant increase in demand for better cooling systems for use in these ships/vessels, which subsequently translates into a demand for refrigeration compressor oil.

Marine Lubricants Market

APAC to account for the largest share of the global marine lubricants market during the forecast period

Based on region, the global marine lubricants market has been classified into APAC, Europe, North America, Middle East & Africa, and Central & South America. APAC was the largest market for marine lubricants in 2017 and is projected to lead the global marine lubricants market during the forecast period. The APAC marine lubricants market is largely driven by the presence of the world’s busiest ports in the region, in countries such as China, Singapore, and Hong Kong. Increasing trade activities and rising infrastructural developments in the shipping industry (in the form of increasing network of ports) are primarily responsible for the high demand of marine lubricants in the region.

Mineral oil is the most commonly used marine lubricant that is used in engines, stern tubes, hydraulics, compressors and various other Product types. The marine lubricants market in APAC is mainly characterized by high demand for low and medium cost lubricants and a consistent rise in demand for high performance lubricants recommended by OEMs.

Synthetic marine lubricants offer enhanced properties such as efficient functioning under high/low temperature conditions and increased water repellant characteristics. Foreign/multinational companies demand more efficient and less toxic products for their ships such as synthetic marine lubricants. Hence, they are being increasingly used in the region.

Marine Lubricants Market

Market Dynamics

Infrastructure developments to strengthen the global shipping industry

According to International Chamber of Shipping (ICS), a principal global trade association for the shipping industry, it is estimated that around 90% of the global trade is carried out by the shipping industry. This is supported by the ship manufacturers and government bodies that help increase the marine trade by increasing the size of ships, develop new terminals, and create bigger straits along with expanding the existing ones such as Panama and Suez Canals. Both these canals are the two most important strategic waterways that are part of more than 100 trade routes. The increasing size and load carrying capacity of vessels has led to rising trade volumes with focus on developing more durable and sturdier marine crafts. The concept of developing ultra large container ships (ULCS) is gaining momentum and will reduce the slot-costs. This is favored by shipping companies, as these large ships will help them catch up with the prime movers. Even the large shipping companies are expanding their network by acquiring new ports in various regions. The use of marine lubricants has increased with these strategic developments, as larger ships require the use of more lubricants in every mechanical part ranging from engines to gears and wire ropes. These lubricants are directly responsible for increasing the life of mechanical components in ships.

Emerging alternate technologies

The increasing emissions from ships have led to the advent of new regulations by MARPOL, EPA, and other regulatory bodies. This has led to the development of newer technologies such as slow steaming, exhaust gas scrubbers, low sulfur fuel, selective catalytic reduction, air lubrication, exhaust gas recirculation, and blending-on-board among others in the maritime industry.

The increasing harmful nitrogen and sulfur oxide emissions into the sea has accentuated the lubricant manufacturers and shipping companies to adopt quick measures to continue their operations in the market. The removal of sulfur oxides from the ship’s engine and boiler exhaust gases is done by marine exhaust gas scrubbers. In addition to this, the significant reduction in nitrogen oxide emissions from diesel engines gave rise to the emission control technology called exhaust gas recirculation. This technology considerably reduces the harmful nitrogen oxide emissions and also saves fuel by lowering the oxygen concentration and heat absorption in the combustion chamber. Another nitrogen oxide emission reduction solution was introduced with the selective catalytic reduction technique. In this technique, a reducing agent (aqueous ammonia, gaseous ammonia, or aqueous urea solution) is added to the steam or exhaust gas. The exhaust gases react and separate the nitrogen oxides into nitrogen and water molecules.

Slow steaming was the technique adopted during the global recession in 2009, when the fuel prices were considerably higher and there was a need to minimize fuel consumption. It is the practice of operating big cargo ships at significantly lower speed, thereby increasing voyage duration and minimizing fuel consumption.

All these technological advancements in the maritime industry are playing a crucial role in the growth of marine lubricants. Less emission will lead to better quality and durability of marine lubricants used in ships, prolonging the service life of the ships mechanical equipment.

Less trade activities leading to rising number of idle ships

The recent slowdown in the world trade due to decline in economic activity and waning ship utilization has largely affected the marine lubricants market. After the U.S. recession in 2008–2009, the world trade volumes were hampered with falling freight rates and demand-supply gap. The effect of recession is still seen worldwide with less trading, more overbuilding of ships, and idling of vessels. Drewry, a shipping consultancy based in the U.K., has estimated that over 1.6 million TEU (twenty-foot equivalent unit) of new capacity was added to the container shipping fleet in 2015 and an additional 1.3 million TEU is expected to be delivered in 2016. Less amount of old ships are being scrapped and additional capacity is being generated, which is filling the market with surplus amount of idle ships being stranded at harbors and ports worldwide. Many shipping companies are filing for bankruptcy with losses so huge that they are unable to carry on their operations in the market. Some of the companies that filed for bankruptcy are Daiichi Chuo KK (Japan), Copenship (Denmark), Winland Ocean Shipping Corp. (China), Nautilus Holdings (Bermuda), Genco Shipping and Trading (New York), and Excel Maritime (Greece).

Increasing demand for eco-friendly bio-based marine lubricants

To save biodiversity and protect environment from greenhouse gases, the regulatory bodies such as MARPOL, EPA, and SOLAS have imposed rules to limit the emission of nitrogen oxide and sulfur oxide from ships. These regulatory bodies have limited the use of mineral and synthetic oils that release toxic waste and gases. Instead of using mineral oil lubricants in ships, the shipping companies use biodegradable lubricants that do not affect the environment with emission of hazardous gases. This has led to the rise in demand for environmentally friendly bio-based products, as they are non-toxic, partially biodegradable, and non-bioaccumulative. These products are formulated by renewable and biodegradable base stocks and are a preferred choice for operating in emission control areas (ECA) where low sulfur levels are required. The increasing safety norms will boost the demand for bio-based marine lubricants in the future. Shipping companies will switch to these products for the better commissioning of their ships.

Shift from Group I to Group II base stocks

There is an ongoing shift globally from the production of Group-I to Group-II base stocks due to technical obsolescence and high sulfur content in the former category. The rising supply of high-performance Group-II base stocks and their technical superiority over Group-I oils is changing the market dynamics. Group-II is the preferred base stock despite its higher production cost due to less sulfur emissions, more fuel economy, and outdated properties of Group-I base stock. In addition to this, it is widely preferred due to its enhanced solvency levels in the blend, better oxidation, and enhanced viscosity control. These factors are expected to help the market growth during the forecast period.

Key Market Players

The key market players profiled in the report include as BP plc (UK), Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (US), Chevron Corporation (US), Sinopec Corporation (China), PJSC Lukoil (Russia), Idemitsu Kosan Co., Ltd. (Japan), and Total S.A. (France). They have adopted various strategies, including expansion, contracts & agreements, margers & acquisitions and new product developments & launches.

Major strategies identified in the global market include the following:

  • Expansions
  • New product launches
  • Contracts & Agreements
  • Mergers & Acquisitions

Scope of the Report

The research report categorizes the Marine Lubricants Market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Oil type

  • Mineral oil (Paraffinic Oil, Naphthenic Oil, Aromatic Oil)
  • Synthetic Oil (PAO, PAG, Esters)
  • Bio-based ( Plant Source, Animal Fats)
  • Grease (Metallic Soap Thickener, Non-soap Thickener, Inorganic Thickener)

By Product type

  • Engine Oil ( Cylinder Oil, System Oil)
  • Hydraulic Fluid
  • Compressor Oil
  • Others (Gears, Heat transfer fluid, rust preventatives)

By Ship type

  • Bulk Carriers (Handysize, Handymax, Panamax, Capesize)
  • Tankers (Panamax, Aframax, Suezmax, Very Large Crude Carrier (VLCC), Ultra Large Crude Carrier (ULCC))
  • Container Ship
  • Others (Reefers, Drill Ships, Passenger ships, Roll on Roll Off Ships, Service Ships)

By Region

  • North America
  • Europe
  • APAC
  • South America
  • Middle East & Africa

Key Questions Addressed by the Report

  • Who are the major market players in the marine lubricants market?
  • What are the regional growth trends and the largest revenue-generating regions for the marine lubricants market?
  • Which are the significant regions for different industries that are projected to witness remarkable growth for the marine lubricants market?
  • What are the major oil types of marine lubricants that are projected to gain maximum market revenue and share during the forecast period?
  • Which is the major product types of marine lubricants that are projected to gain maximum market revenue and share during the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Content

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stake Holders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulations
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in Marine Lubricants Market
    4.2 Asia-Pacific Marine Lubricants Market, By Type and Region
    4.3 Marine Lubricants Market, By Application
    4.4 Marine Lubricants Market, By Type
    4.5 Marine Lubricants Market, By Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Porter’s Five Forces
    5.4 Macroeconomic Overview

6 Marine Lubricants Market, By Oil Type – Forecast Till 2024 (In Kilotons and USD Million)
    6.1 Introduction
           6.1.1 Marine Lubricants Market Size, By Type, 2017–2024 (Kiloton)
           6.1.2 Marine Lubricants Market Size, By Type, 2017–2024 (USD Million)
    6.2 Mineral Oil
           6.2.1 Paraffinic Oil
           6.2.2 Naphthenic Oil
           6.2.3 Aromatic Oil
           6.2.4 Key Market Trends
           6.2.5 Mineral Marine Lubricants Market Size, By Region, 2017–2024 (Kiloton)
           6.2.6 Mineral Oil in Marine Lubricants Market Size, By Region, 2017–2024 (USD Million)
    6.3 Synthetic Oil
           6.3.1 PAO
           6.3.2 PAG
           6.3.3 Esters
           6.3.4 Key Market Trends
           6.3.5 Synthetic Marine Lubricants Market Size, By Region, 2017–2024 (Kiloton)
           6.3.6 Synthetic Oil in Marine Lubricants Market Size, By Region, 2017–2024 (USD Million)
    6.4 Bio-Based
           6.4.1 Plant Source
           6.4.2 Animal Fats
           6.4.3 Key Market Trends
           6.4.4 Bio-Based Marine Lubricants Market Size, By Region, 2017–2024 (Kiloton)
           6.4.5 Bio-Based Marine Lubricants Market Size, By Region, 2017–2024 (USD Million)
    6.5 Grease
           6.5.1 Metallic Soap Thickener
           6.5.2 Non-Soap Thickener
           6.5.3 Inorganic Thickener
           6.5.4 Key Market Trends
           6.5.5 Grease Market Size, By Region, 2017–2024 (Kiloton)
           6.5.6 Grease Market Size, By Region, 2017–2024 (USD Million)

7 Marine Lubricants Market, By Product Type– Forecast Till 2024 (In Kilotons and USD Million)
    7.1 Introduction
           7.1.1 Marine Lubricants Market Size, By Product Type, 2017–2024 (Kiloton)
           7.1.2 Marine Lubricants Market Size, By Product Type, 2017–2024 (USD Million)
    7.2 Engine Oil
           7.2.1 Cylinder Oil
           7.2.2 System Oil
           7.2.3 Key Market Trends
           7.2.4 Marine Lubricants Market Size in Engine Oil, By Region, 2017–2024 (Kiloton)
           7.2.5 Marine Lubricants Market Size, in Engine Oil, By Region 2017–2024 (USD Million)
    7.3 Hydraulic Fluid 
           7.3.1 Key Market Trends
           7.3.2 Marine Lubricants Market Size in Hydraulic Fluid, By Region, 2017–2024 (Kiloton)
           7.3.3 Marine Lubricants Market Size, in Hydraulic Fluid, By Region 2017–2024 (USD Million)
    7.4 Compressor Oil
           7.4.1 Key Market Trends
           7.4.2 Marine Lubricants Market Size in Compressor Oil, By Region, 2017–2024 (Kiloton)
           7.4.3 Marine Lubricants Market Size, in Compressor Oil, By Region 2017–2024 (USD Million)
    7.5 Others
           7.5.1 Gears,
           7.5.2 Heat Transfer Fluid,
           7.5.3 Rust Preventatives
           7.5.4 Key Market Trends
           7.5.5 Marine Lubricants Market Size in Others, By Region, 2017–2024 (Kiloton)
           7.5.6 Marine Lubricants Market Size, in Others, By Region 2017–2024 (USD Million)

8 Marine Lubricants Market, By Ship Type – Forecast Till 2024 (In Kilotons and USD Million)
    8.1 Introduction
           8.1.1 Global Marine Lubricants Market Size, By Ship Type 2017–2024 (Kiloton)
           8.1.2 Global Marine Lubricants Market Size, By Ship Type , 2017–2024 (USD Million)
    8.2 Bulk Carriers
           8.2.1 Handysize
           8.2.2 Handymax
           8.2.3 Panamax
           8.2.4 Capesize
    8.3 Tankers (Oil, Gas, Chemical)
           8.3.1 Panamax
           8.3.2 Aframax
           8.3.3 Suezmax
           8.3.4 Very Large Crude Carrier (VLCC)
           8.3.5 Ultra Large Crude Carrier (ULCC)
    8.4 Container Ship
    8.5 Others
           8.5.1 Reefers
           8.5.2 Drill Ships
           8.5.3 Passenger Ships
           8.5.4 Roll on Roll Off Ships
           8.5.5 Service Ships

9 Marine Lubricants Market, By Region – Forecast Till 2024 (In Kilotons and USD Million)
    9.1 Introduction
           9.1.1 Global Marine Lubricants Market Size, By Region 2017–2024 (Kiloton)
           9.1.2 Global Marine Lubricants Market Size, By Region , 2017–2024 (USD Million)
    9.2 North America
           9.2.1 US
                    9.2.1.1 US Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.2.2 Canada
                    9.2.2.1 Canada Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.2.3 Mexico
                    9.2.3.1 Mexico Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.3.2 Netherlands
                    9.3.2.1 Netherlands Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.3.3 Belgium
                    9.3.3.1 Belgium Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.3.4 Spain
                    9.3.4.1 Spain Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.3.5 UK
                    9.3.5.1 UK Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.3.6 Russia
                    9.3.6.1 Russia Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
    9.4 APAC
           9.4.1 China
                    9.4.1.1 China Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.4.2 Singapore
                    9.4.2.1 Singapore Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.4.3 Japan
                    9.4.3.1 Japan Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.4.4 South Korea
                    9.4.4.1 South Korea US Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.4.5 Hong Kong
                    9.4.5.1 Indonesia Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.4.6 Malaysia
                    9.4.6.1 Taiwan Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
    9.5 South America 
           9.5.1 Brazil
                    9.5.1.1 Brazil Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.5.2 Panama
                    9.5.2.1 Panama Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
                    9.6.1.1 Saudi Arabia Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.6.2 UAE
                    9.6.2.1 UAE Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)
           9.6.3 South Africa
                    9.6.3.1 Rest of the MEA Marine Lubricants Market Size, By Oil Type 2017–2024 (Kiloton) and (USD Million)

10 Competitive Landscape
     10.1 Introduction
     10.2 New Product Launches
     10.3 Expansion Activities
     10.4 Partnerships, Agreements and Collaborations
     10.5 Mergers and Acquisitions

11 Company Profiles
(Business Overview, Financials^, Products & Services, Key Strategy, and Recent Developments)
     11.1 Introduction
     11.2 BP PLC
             11.2.1 Business Overview
             11.2.2 Company Snapshot
             11.2.3 Financial Overview (Operating Income & R&D
             11.2.4 Business Revenue Mix
             11.2.5 Geographic Revenue Mix
             11.2.6 Products Offered
             11.2.7 Recent Development
                        11.2.7.1 New Product Launched/Product
                        11.2.7.2 Merger & Acquisition/Joint Venture
             11.2.8 SWOT Analysis
             11.2.9 MnM View
     11.3 Chevron Corporation
             11.3.1 Business Overview
             11.3.2 Company Snapshot
             11.3.3 Financial Overview (Operating Income & R&D
             11.3.4 Business Revenue Mix
             11.3.5 Geographic Revenue Mix
             11.3.6 Products Offered
             11.3.7 Recent Development
                        11.3.7.1 New Product Launched/Product
                        11.3.7.2 Merger & Acquisition/Joint Venture
             11.3.8 SWOT Analysis
             11.3.9 MnM View
     11.4 Exxonmobil Corporation
             11.4.1 Business Overview
             11.4.2 Company Snapshot
             11.4.3 Financial Overview (Operating Income & R&D
             11.4.4 Business Revenue Mix
             11.4.5 Geographic Revenue Mix
             11.4.6 Products Offered
             11.4.7 Recent Development
                        11.4.7.1 New Product Launched/Product
                        11.4.7.2 Merger & Acquisition/Joint Venture
             11.4.8 SWOT Analysis
             11.4.9 MnM View
     11.5 Royal Dutch Shell PLC.
             11.5.1 Business Overview
             11.5.2 Company Snapshot
             11.5.3 Financial Overview (Operating Income & R&D
             11.5.4 Business Revenue Mix
             11.5.5 Geographic Revenue Mix
             11.5.6 Products Offered
             11.5.7 Recent Development
                        11.5.7.1 New Product Launched/Product
                        11.5.7.2 Merger & Acquisition/Joint Venture
             11.5.8 SWOT Analysis
             11.5.9 MnM View
     11.6 Total SA
             11.6.1 Business Overview
             11.6.2 Company Snapshot
             11.6.3 Financial Overview (Operating Income & R&D
             11.6.4 Business Revenue Mix
             11.6.5 Geographic Revenue Mix
             11.6.6 Products Offered
             11.6.7 Recent Development
                        11.6.7.1 New Product Launched/Product
                        11.6.7.2 Merger & Acquisition/Joint Venture
             11.6.8 SWOT Analysis
             11.6.9 MnM View
     11.7 Lukoil
             11.7.1 Business Overview
             11.7.2 Company Snapshot
             11.7.3 Financial Overview (Operating Income & R&D
             11.7.4 Business Revenue Mix
             11.7.5 Geographic Revenue Mix
             11.7.6 Products Offered
             11.7.7 Recent Development
                        11.7.7.1 New Product Launched/Product
                        11.7.7.2 Merger & Acquisition/Joint Venture
             11.7.8 SWOT Analysis
             11.7.9 MnM View
     11.8 Argean Marine Petroleum Inc
             11.8.1 Business Overview
             11.8.2 Company Snapshot
             11.8.3 Financial Overview (Operating Income & R&D
             11.8.4 Business Revenue Mix
             11.8.5 Geographic Revenue Mix
             11.8.6 Products Offered
             11.8.7 Recent Development
                        11.8.7.1 New Product Launched/Product
                        11.8.7.2 Merger & Acquisition/Joint Venture
             11.8.8 SWOT Analysis
             11.8.9 MnM View
     11.9 Idemitsu Chemical Corporation
             11.9.1 Business Overview
             11.9.2 Company Snapshot
             11.9.3 Financial Overview (Operating Income & R&D
             11.9.4 Business Revenue Mix
             11.9.5 Geographic Revenue Mix
             11.9.6 Products Offered
             11.9.7 Recent Development
                        11.9.7.1 New Product Launched/Product
                        11.9.7.2 Merger & Acquisition/Joint Venture
             11.9.8 SWOT Analysis
             11.9.9 MnM View
     11.10 Indian Oil Corporation Limited 
             11.10.1 Business Overview
             11.10.2 Company Snapshot
             11.10.3 Financial Overview (Operating Income & R&D
             11.10.4 Business Revenue Mix
             11.10.5 Geographic Revenue Mix
             11.10.6 Products Offered
             11.10.7 Recent Development
                        11.10.7.1 New Product Launched/Product
                        11.10.7.2 Merger & Acquisition/Joint Venture
             11.10.8 SWOT Analysis
             11.10.9 MnM View
     11.11 Sinopec Corporation
             11.11.1 Business Overview
             11.11.2 Company Snapshot
             11.11.3 Financial Overview (Operating Income & R&D
             11.11.4 Business Revenue Mix
             11.11.5 Geographic Revenue Mix
             11.11.6 Products Offered
             11.11.7 Recent Development
                        11.11.7.1 New Product Launched/Product
                        11.11.7.2 Merger & Acquisition/Joint Venture
             11.11.8 SWOT Analysis
             11.11.9 MnM View
     11.12 Avin Oil SA
     11.13 Fuchs Petrolub SE
     11.14 Gulf Oil
     11.15 H&R GmbH & Co KGaA
     11.16 JX Nippon Oil & Energy Corporation
     11.17 Petronas Lubricants International
     11.18 Quepet Lubricants
     11.19 Stanley Group
     11.20 Unimarine LLC
     11.21 Vickers Oil
     11.22 World Fuel Service Corporation
     11.23 Others*

Note:
Financials Will Be Available for Listed Companies Only
 
List of Tables (106 Tables)

Table 1 Free Trade Areas Worldwide
Table 2 Ranking and Key Port Statistics, 2016 (Teu)
Table 3 World Vessel Fleet (In Thousands Dead-Weight Tons)
Table 4 Engine Types
Table 5 Marine Fuel Types
Table 6 IMO Sulfur Emission Regulation
Table 7 Base Stock Classification
Table 8 By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 9 By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 10 Mineral Oil By Market Size, By Region, 2016–2023 (USD Million)
Table 11 Mineral Oil By Market Size, By Region, 2016–2023 (Kiloton)
Table 12 Synthetic By Market Size, By Region, 2016–2023 (USD Million)
Table 13 Synthetic By Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Bio-Based By Market Size, By Region, 2016–2023 (USD Million)
Table 15 Bio-Based By Market Size, By Region, 2016–2023 (Kiloton)
Table 16 Grease Market Size, By Region, 2016–2023 (USD Million)
Table 17 Grease Market Size, By Region, 2016–2023 (Kiloton)
Table 18 By Market Size, By Product Type, 2016–2023 (USD Million)
Table 19 By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 20 By Market Size in Engine Oil, By Region, 2016–2023 (USD Million)
Table 21 By Market Size in Engine Oil, By Region, 2016–2023 (Kiloton)
Table 22 By Market Size in Hydraulic Fluid, By Region, 2016–2023 (USD Million)
Table 23 By Market Size in Hydraulic Fluid, By Region, 2016–2023 (Kiloton)
Table 24 By Market Size in Compressor, By Region, 2016–2023 (USD Million)
Table 25 By Market Size in Compressor, By Region, 2016–2023 (Kiloton)
Table 26 By Market Size in Other Product Types, By Region, 2016–2023 (USD Million)
Table 27 By Market Size in Other Product Types, By Region, 2016–2023 (Kiloton)
Table 28 By Market Size, By Ship Type, 2016–2023 (Kiloton)
Table 29 Classification of Bulk Carriers
Table 30 Classification of Tankers
Table 31 By Market Size, By Region, 2016–2023 (USD Million)
Table 32 By Market Size, By Region, 2016–2023 (Kiloton)
Table 33 APAC: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 34 APAC: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 35 APAC: By Market Size, By Product Type, 2016–2023 (USD Million)
Table 36 APAC: By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 37 APAC: By Market Size, By Country, 2016–2023 (USD Million)
Table 38 APAC: By Market Size, By Country, 2016–2023 (Kiloton)
Table 39 China: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 40 China: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 41 Singapore: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 42 Singapore: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 43 Hong Kong: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 44 Hong Kong: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 45 South Korea: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 46 South Korea: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 47 Malaysia: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 48 Malaysia: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 49 Japan: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 50 Japan: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 51 Europe: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 52 Europe: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 53 Europe: By Market Size, By Product Type, 2016–2023 (USD Million)
Table 54 Europe: By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 55 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 56 Europe: By Market Size, By Country, 2016–2023 (Kiloton)
Table 57 Germany: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 58 Germany: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 59 Netherlands: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 60 Netherlands: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 61 Belgium: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 62 Belgium: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 63 Spain: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 64 Spain: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 65 UK: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 66 UK: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 67 Russia: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 68 Russia: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 69 North America: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 70 North America: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 71 North America: By Market Size, By Product Type, 2016–2023 (USD Million)
Table 72 North America: By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 73 North America: By Market Size, By Country, 2016–2023 (USD Million)
Table 74 North America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 75 US: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 76 US: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 77 Canada: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 78 Canada: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 79 Mexico: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 80 Mexico: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 81 Middle East & Africa: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 82 Middle East & Africa: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 83 Middle East & Africa: By Market Size, By Product Type, 2016–2023 (USD Million)
Table 84 Middle East & Africa: By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 85 Middle East & Africa: By Market Size, By Country, 2016–2023 (USD Million)
Table 86 Middle East & Africa: By Market Size, By Country, 2016–2023 (Kiloton)
Table 87 UAE: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 88 UAE: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 89 Saudi Arabia: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 90 Saudi Arabia: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 91 South Africa: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 92 South Africa: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 93 Central & South America: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 94 Central & South America: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 95 Central & South America: By Market Size, By Product Type, 2016–2023 (USD Million)
Table 96 Central & South America: By Market Size, By Product Type, 2016–2023 (Kiloton)
Table 97 Central & South America: By Market Size, By Country, 2016–2023 (USD Million)
Table 98 Central & South America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 99 Panama: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 100 Panama: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 101 Brazil: By Market Size, By Oil Type, 2016–2023 (USD Million)
Table 102 Brazil: By Market Size, By Oil Type, 2016–2023 (Kiloton)
Table 103 Expansion, 2016–2018
Table 104 New Product Launch, 2016–2018
Table 105 Contract & Agreement, 2016–2018
Table 106 Merger & Acquisition, 2016–2018


List of Figures (40 Figures)

Figure 1 Marine Lubricants Market Segmentation
Figure 2 Marine Lubricants Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Marine Lubricants Market: Data Triangulation
Figure 6 Mineral Oil to Be the Dominating Oil Type for Marine Lubricants
Figure 7 Engine Oil to Be the Largest Product Type Segment of the Marine Lubricants Market
Figure 8 APAC to Register the Highest CAGR in the Marine Lubricants Market
Figure 9 Long-Term Growth Prospects for the Marine Lubricants Market Between 2018 and 2023
Figure 10 Mineral Oil to Be the Largest Segment of the Marine Lubricants Market
Figure 11 Engine Oil Accounted for the Largest Market Share
Figure 12 APAC to Be the Fastest-Growing Market
Figure 13 Bulk Carriers Segment Accounted for the Largest Market Share
Figure 14 Overview of Factors Governing the Marine Lubricants Market
Figure 15 Marine Lubricants Market: Porter’s Five Forces Analysis
Figure 16 Exhaust Gas Cleaning System
Figure 17 Global Merchandise Export and Import Statistics, 2017
Figure 18 Mineral Oil to Dominate the Overall Marine Lubricants Market
Figure 19 Engine Oil to Dominate the Overall Marine Lubricants Market
Figure 20 Bulk Carriers to Dominate the Marine Lubricants Market
Figure 21 APAC Countries Emerging as New Hotspot for the Marine Lubricants Market
Figure 22 APAC Market Snapshot: China Dominates the Marine Lubricants Market
Figure 23 Europe: Marine Lubricants Market Snapshot
Figure 24 Expansion Was the Most Preferred Growth Strategy Adopted By Major Players Between 2016 and 2018
Figure 25 Major Companies Dominating the Global Marine Lubricants Market in 2017
Figure 26 BP PLC.: Company Snapshot
Figure 27 BP PLC.: SWOT Analysis
Figure 28 Chevron Corporation: Company Snapshot
Figure 29 Chevron Corporation: SWOT Analysis
Figure 30 Exxonmobil Corporation: Company Snapshot
Figure 31 Exxonmobil Corporation: SWOT Analysis
Figure 32 Royal Dutch Shell PLC.: Company Snapshot
Figure 33 Royal Dutch Shell PLC.: SWOT Analysis
Figure 34 Total S.A.: Company Snapshot
Figure 35 Total S.A.: SWOT Analysis
Figure 36 Lukoil: Company Snapshot
Figure 37 Aegean Marine Petroleum Network Inc.: Company Snapshot
Figure 38 Idemitsu Kosan Co., Ltd.: Company Snapshot
Figure 39 Indian Oil Corporation Ltd.: Company Snapshot
Figure 40 Sinopec Corporation: Company Snapshot


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