Marine Lubricants Market

Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic Oil, and Bio-Based), Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil), Ship Type (Bulk Carrier, Container Ships), & Region( Asia Pacific, North America) - Global Forecast to 2028

Report Code: CH 4624 Jun, 2023, by marketsandmarkets.com

Updated on : August 22, 2024

Marine Lubricants Market

The marine lubricants market was valued at USD 6.3 billion in 2022 and is projected to reach USD 6.9 billion by 2028, growing at 1.5% cagr from 2023 to 2028. One of the major reasons making an positive outlook for the marine lubricants market is the infrastructure expansion boosting the shipping industry, enlargement of universal shippbulding business, and enlargement in oceanic tourism. Also, the mounting demand of bio-derived marine lubricants is pushing the market. Due to these reasons, the consumption of marine lubricants is grown significantly.

Marine Lubricants Market

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Marine Lubricants Market

Marine Lubricants Market Dynamics

Driver: expansion in seaborn trade

Due to rapid population growth in Europe, Asia Pacific, and North America, there has been a significant increase in the demand for food, urbanization, and industrialization. Thus, it led to the expansion of trade between countries, the need for shipping goods across oceans has enhanced notably. This expansion in seaborne trade has commanded an rise in the number of vessels, which in turn has led to an growth in the requirement for marine lubricants.

Restraints: Strict ecological regulations

The shipping business is a major contributor to air and water pollution, thus, there are environmental regulations in lay for marine lubricants to restrain the use of definite types of lubricants that are risky to the environment. This can limit the expansion of the marine lubricants market, as companies must ensure that their products fulfill with these regulations. This can cause excessive prices for marine lubricants, which might limit growth and act as a restraint on the growth of the market.

Opportunities: Growing need for bio-derived marine lubricants

Bio-derived marine lubricants are contemplated more natural friendly as compared to traditional marine lubricants. Also, the mounting necessity for bio-derived marine lubricants grants a substantial chance for manufacturers working in the marine lubricants market. Moreover, many countries have authorized regulations directing the use of bio-derived marine lubricants to decrease pollution and protect marine life. This has led to an growth in demand for marine lubricants, which creates an opportunity for producers to tap into this growing market.

Challenges: Development of alternate technologies

The development of alternate technologies for instance hybrid propulsion and electric systems is a major challenge on the expansion of the marine lubricants market. Hybrid propulsion and electric systems are becoming progressively accepted owing to their ability to lower emissions and fuel effectiveness. As more ships switch to hybrid propulsion and electric systems systems, the demand for conventional marine lubricants may decline, which could adversely impact the market.

Marine Lubricants Market Ecosystem

Prominent companies in this market include well-established, financially stable marine lubricants business. These businesses have been in business for a while and have a extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Exxon Mobil Corporation (US), Shell plc (UK), BP p.l.c. (UK), TotalEnergies SE (France), and Chevron Corporation (US).

Marine Lubricants Market Ecosystem

Based on ship type, bulk carrier is projected to be the largest market for marine lubricants, in terms of value, during the forecast period.

The Marine Lubricants Industry segmented in bulk carrier, tankers, container ships, and others on the ship type. From them, the foremost bulk transportation services such as packaged good, iron ore, coal, and other dry bulk are carried through bulk carriers. Additionally, these ships are particularly recommended for shipping dry cargo. Hence, the bulk carrier ship type is the largest ship type for the marine lubricants market.

Based on oil type, mineral oil was the largest segment for marine lubricants market, in terms of value, in 2022.

The demand for mineral oil based marine lubricants is excessive in products such as stern tubes, engines, turbines, and compressors. Due to the availability of light and heavy grades of mineral oils, the lubricants for marine industry are extensively manufactured from mineral oil. Mineral oil is generally more affordable compared to synthetic oils and other alternative base oils. In the maritime industry, where large volumes of lubricants are required for various equipment and engines, cost considerations play a significant role. The relatively lower price of mineral oil makes it a cost-effective option for many vessel owners and operators.

Based on product type, engine oil was the largest segment for marine lubricants market, in terms of value, in 2022.

Hydraulic fluid, compressor oil, engine oil and others are major market segment based on the product type. Moreover, the extraordinary demand for marine lubricant such as engine oil is estimated to hold the largest market count of marine lubricant. Due to the use of these marine lubricants is mostly in engines.  Marine engines, such as those used in ships and boats, require specialized lubrication to ensure optimal performance and longevity. Engine oil is specifically formulated to provide lubrication and protection to the internal components of these engines, including pistons, cylinders, crankshafts, and valves. As engines are a critical component of marine vessels, engine oil represents a significant portion of the lubricants used in the marine industry.

“Asia Pacific accounted for the largest market share for marine lubricants market, in terms of value, in 2022”

In terms of value, Asia Pacific is the largest market for marine lubricants, followed by the Europe. This is due to the rise in population, industrialization, low labour cost, improved living standards and accessibility of raw materials. Due to this reasons the Asia Pacific holds the largest market share for marine lubricants. The Asia Pacific region is a major hub for shipbuilding and ship repair activities. Countries like China, South Korea, and Japan are known for their shipbuilding capabilities and have a large number of commercial vessels under construction or in operation. Shipbuilding requires the use of marine lubricants during the construction and maintenance of ships, further driving the demand in the region.

Marine Lubricants Market by Region

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Marine Lubricants Market Players

The key players profiled in the report include Exxon Mobil Corporation (US), Shell plc (UK), BP p.l.c. (UK), TotalEnergies SE (France), Chevron Corporation (US), Lukoil (Russia), Petronas (Malaysia), Idemitsu Kosan Co., Ltd. (Japan), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Gazprom Neft (Russia), and among others, are the key manufacturers that holds major market share in the last few years. Major focus was given to the collaborations, partnerships and new product development due to the changing requirements of users across the world. 

Marine Lubricants Market Report Scope

Report Metric

Details

Market Size Value in 2022

USD 6.3 billion

Revenue Forecast in 2028

USD 6.9 billion

CAGR

1.5%

Years considered for the study

2017–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Volume (Kiloton) and Value (USD Billion)

Segments covered

Oil Type, Product Type, Ship Type, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

Exxon Mobil Corporation (US), Shell plc (UK), BP p.l.c. (UK), TotalEnergies SE (France), and Chevron Corporation (US)

This report categorizes the global marine lubricants market based on oil type, product type, ship type, and region.

On the basis of oil type, the marine lubricants market has been segmented as follows:
On the basis of product type, the marine lubricants market has been segmented as follows:
  • Engine Oils
  • Cylinder Oils
  • System Oils
  • Hydraulic Fluid
  • Compressor Oils
  • Others
On the basis of ship type, the marine lubricants market has been segmented as follows:
  • Bulk Carriers
  • Tankers
  • Container Ships
  • Others
On the basis of region, the marine lubricants market has been segmented as follows:
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In March 2022, Shell plc completed the acquisition of the Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group. This involves the product formulations, , intellectual property, PANOLIN brand, international customer base, technology, and portfolio of products of ECL.
  • In June 2021, BP p.l.c. made exopansion with a digital hub in Pune, India. This expansion is made to meet changing demands and achieve digital expertise by delivering sustainable solutions.
  • In January 2023, TotalEnergies SE made an agreement with CEPSA to acquire its upstream business assets in United Arab Emirates (UAE).

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 37)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 MARKET DEFINITION AND INCLUSIONS, BY OIL TYPE
           1.2.3 MARKET DEFINITION AND INCLUSIONS, BY PRODUCT TYPE
           1.2.4 MARKET DEFINITION AND INCLUSIONS, BY SHIP TYPE
    1.3 MARKET SCOPE 
           1.3.1 MARINE LUBRICANTS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
           1.3.5 UNIT CONSIDERED
    1.4 STAKEHOLDERS 
    1.5 SUMMARY OF CHANGES 
    1.6 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA 
          FIGURE 1 MARINE LUBRICANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    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
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE—COLLECTIVE REVENUE OF ALL PRODUCTS)
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 BOTTOM-UP (DEMAND SIDE—PRODUCTS SOLD)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – BASE MARKET CALCULATION AND VALIDATION APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 6 MARINE LUBRICANTS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
           2.4.1 SUPPLY SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 IMPACT OF RECESSION 
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 RISK ASSESSMENT 
          TABLE 1 MARINE LUBRICANTS MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 55)
    FIGURE 9 MINERAL OIL TO BE LEADING OIL TYPE FOR MARINE LUBRICANTS DURING FORECAST PERIOD
    FIGURE 10 ENGINE OIL TO BE LARGEST PRODUCT TYPE OF MARINE LUBRICANTS MARKET DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF MARINE LUBRICANTS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN MARINE LUBRICANTS MARKET 
          FIGURE 12 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING FORECAST PERIOD
    4.2 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE AND COUNTRY 
          FIGURE 13 CHINA AND ENGINE OILS SEGMENT ACCOUNTED FOR LARGEST SHARES
    4.3 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE AND REGION 
          FIGURE 14 ENGINE OIL TO DOMINATE MARINE LUBRICANTS MARKET ACROSS REGIONS
    4.4 MARINE LUBRICANTS MARKET, BY KEY COUNTRY 
          FIGURE 15 SINGAPORE TO BE FASTEST-GROWING COUNTRY FOR MARINE LUBRICANTS DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MARINE LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growth in seaborne trade
                    5.2.1.2 Expansion of global shipbuilding industry
                    5.2.1.3 Growth in offshore exploration and production activities
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent environmental regulations
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for biodegradable lubricants
                    5.2.3.2 Growing demand from emerging economies
           5.2.4 CHALLENGES
                    5.2.4.1 Emergence of alternative technologies
                    5.2.4.2 Fluctuating crude oil prices
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 17 PORTER’S FIVE FORCES ANALYSIS OF MARINE LUBRICANTS MARKET
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 MARINE LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
                    TABLE 3 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMY, 2021–2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 68)
    6.1 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PRODUCT TYPES
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PRODUCT TYPES (%)
           6.1.2 BUYING CRITERIA
                    FIGURE 19 KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
    6.2 SUPPLY CHAIN ANALYSIS 
          FIGURE 20 MARINE LUBRICANTS MARKET: SUPPLY CHAIN
           6.2.1 RAW MATERIAL
           6.2.2 MANUFACTURING
           6.2.3 DISTRIBUTION TO END USERS
    6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           6.3.1 REVENUE SHIFTS & NEW REVENUE POCKETS FOR MARINE LUBRICANTS MARKET
                    FIGURE 21 REVENUE SHIFT FOR MARINE LUBRICANTS MARKET
    6.4 ECOSYSTEM/MARKET MAP 
          FIGURE 22 MARINE LUBRICANTS MARKET: ECOSYSTEM
          TABLE 6 MARINE LUBRICANTS MARKET: ECOSYSTEM
    6.5 CASE STUDIES 
           6.5.1 LUBRICATION FAILURE IN A SHIP'S MAIN ENGINE: CAUSES, EFFECTS, AND SOLUTIONS
    6.6 TECHNOLOGY ANALYSIS 
           6.6.1 KLÜBER LUBRICATION LAUNCHES INNOVATIVE SOLUTION FOR SUSTAINABLE SHIP PROPULSION
           6.6.2 CHEVRON ORONITE INTRODUCES NEW MARINE CYLINDER LUBRICANT ADDITIVE PACKAGE FOR IMO 2020-COMPLIANT FUELS
    6.7 TRADE DATA 
           6.7.1 IMPORT SCENARIO OF MARINE LUBRICANTS
                    FIGURE 23 MARINE LUBRICANTS IMPORT, BY KEY COUNTRY, 2013–2021
                    TABLE 7 MARINE LUBRICANTS IMPORT, BY REGION, 2013–2021 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF MARINE LUBRICANTS
                    FIGURE 24 MARINE LUBRICANTS EXPORT, BY KEY COUNTRY, 2013–2021
                    TABLE 8 MARINE LUBRICANTS EXPORT, BY REGION, 2013–2021 (USD MILLION)
    6.8 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON MARINE LUBRICANTS MARKET 
           6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND ORGANIZATIONS
           6.8.2 REGULATIONS RELATED TO MARINE LUBRICANTS MARKET
    6.9 KEY CONFERENCES & EVENTS IN 2023 
          TABLE 9 MARINE LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.10 PRICING ANALYSIS 
           6.10.1 AVERAGE SELLING PRICE OF OIL TYPES OFFERED BY KEY PLAYERS
                     FIGURE 25 AVERAGE SELLING PRICE OF KEY PLAYERS FOR THE TOP THREE OIL TYPES
                     TABLE 10 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE APPLICATIONS (USD/KG)
           6.10.2 AVERAGE SELLING PRICE, BY REGION
                     FIGURE 26 AVERAGE SELLING PRICE OF MARINE LUBRICANTS, BY REGION, 2021–2028
                     TABLE 11 AVERAGE SELLING PRICE OF MARINE LUBRICANTS, BY REGION, 2021–2028 (USD/KG)
    6.11 PATENT ANALYSIS 
           6.11.1 APPROACH
           6.11.2 DOCUMENT TYPE
                     TABLE 12 PATENT STATUS AND COUNT
                     FIGURE 27 PATENTS REGISTERED IN MARINE LUBRICANTS MARKET, 2012–2022
                     FIGURE 28 PATENT PUBLICATION TRENDS, 2012–2021
                     FIGURE 29 LEGAL STATUS OF PATENTS FILED IN MARINE LUBRICANTS MARKET
           6.11.3 JURISDICTION ANALYSIS
                     FIGURE 30 MAXIMUM PATENTS FILED IN JURISDICTION OF US
           6.11.4 TOP APPLICANTS
                     FIGURE 31 LUBRIZOL CORPORATION REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2012 AND 2022
                     TABLE 13 LIST OF PATENTS BY LUBRIZOL CORPORATION
 
7 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE (Page No. - 84)
    7.1 INTRODUCTION 
          FIGURE 32 ENGINE OIL TO DOMINATE MARINE LUBRICANTS MARKET DURING FORECAST PERIOD
          TABLE 14 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
          TABLE 15 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
          TABLE 16 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
          TABLE 17 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
    7.2 ENGINE OIL 
           7.2.1 NEED FOR PROPER FUNCTIONING MARINE ENGINE TO DRIVE SEGMENT
                    TABLE 18 ENGINE OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 19 ENGINE OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 20 ENGINE OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 21 ENGINE OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
           7.2.2 CYLINDER OIL
           7.2.3 SYSTEM OIL
    7.3 HYDRAULIC FLUID 
           7.3.1 RISING DEMAND FOR HYDRAULIC EQUIPMENT TO DRIVE SEGMENT
                    TABLE 22 HYDRAULIC FLUID: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 23 HYDRAULIC FLUID: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 24 HYDRAULIC FLUID: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 25 HYDRAULIC FLUID: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.4 COMPRESSOR OIL 
           7.4.1 GROWING DEMAND FOR AIR, REFRIGERATION, AND AC COMPRESSORS TO DRIVE SEGMENT
                    TABLE 26 COMPRESSOR OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 27 COMPRESSOR OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 28 COMPRESSOR OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 29 COMPRESSOR OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.5 OTHERS 
          TABLE 30 OTHERS: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
          TABLE 31 OTHERS: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
          TABLE 32 OTHERS: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
          TABLE 33 OTHERS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
 
8 MARINE LUBRICANTS MARKET, BY OIL TYPE (Page No. - 95)
    8.1 INTRODUCTION 
          TABLE 34 BASE STOCK CLASSIFICATION
          FIGURE 33 SYNTHETIC OIL TO BE FASTEST-GROWING OIL TYPE DURING FORECAST PERIOD
          TABLE 35 MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
          TABLE 36 MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
          TABLE 37 MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
          TABLE 38 MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
    8.2 MINERAL OIL 
           8.2.1 DEMAND TO GRADUALLY DECREASE DUE TO TOXICITY
                    TABLE 39 MINERAL OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 40 MINERAL OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 41 MINERAL OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 42 MINERAL OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.3 SYNTHETIC OIL 
           8.3.1 BETTER PERFORMANCE UNDER EXTREME TEMPERATURE AND PRESSURE CONDITIONS TO INCREASE DEMAND
                    TABLE 43 SYNTHETIC OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 44 SYNTHETIC OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 45 SYNTHETIC OIL: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 46 SYNTHETIC OIL: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.4 BIO-BASED 
           8.4.1 STRINGENT ENVIRONMENTAL REGULATIONS TO DRIVE SEGMENT
                    TABLE 47 BIO-BASED: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 48 BIO-BASED: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 49 BIO-BASED: MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 50 BIO-BASED: MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
 
9 MARINE LUBRICANTS MARKET, BY SHIP TYPE (Page No. - 104)
    9.1 INTRODUCTION 
          FIGURE 34 BULK CARRIERS TO DOMINATE MARINE LUBRICANTS MARKET DURING FORECAST PERIOD
          TABLE 51 MARINE LUBRICANTS MARKET, BY SHIP TYPE, 2017–2022 (USD MILLION)
          TABLE 52 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 2023–2028 (USD MILLION)
          TABLE 53 MARINE LUBRICANTS MARKET, BY SHIP TYPE, 2017–2022 (KILOTON)
          TABLE 54 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 2023–2028 (KILOTON)
           9.1.1 BULK CARRIERS
                    TABLE 55 CLASSIFICATION OF BULK CARRIERS
           9.1.2 TANKERS
                    TABLE 56 CLASSIFICATION OF TANKERS
           9.1.3 CONTAINER SHIPS
           9.1.4 OTHERS
 
10 MARINE LUBRICANTS MARKET, BY REGION (Page No. - 109)
     10.1 INTRODUCTION 
             FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING MARINE LUBRICANTS MARKET DURING FORECAST PERIOD
             TABLE 57 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
             TABLE 58 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 59 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
             TABLE 60 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
     10.2 NORTH AMERICA 
             FIGURE 36 NORTH AMERICA: MARINE LUBRICANTS MARKET SNAPSHOT
             10.2.1 IMPACT OF RECESSION
             10.2.2 NORTH AMERICA MARINE LUBRICANTS MARKET, BY OIL TYPE
                        TABLE 61 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                        TABLE 62 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                        TABLE 63 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                        TABLE 64 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
             10.2.3 NORTH AMERICA MARINE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 65 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
                        TABLE 66 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 67 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
                        TABLE 68 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
             10.2.4 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 69 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 70 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 71 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 72 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.2.4.1 US
                                     10.2.4.1.1 Rise in domestic and international maritime trade to drive marine lubricants market
                                                     TABLE 73 US: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 74 US: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 75 US: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 76 US: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.2.4.2 Canada
                                     10.2.4.2.1 Increase in demand for bulk carriers, oil tankers, and container ships to drive market
                                                     TABLE 77 CANADA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 78 CANADA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 79 CANADA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 80 CANADA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.2.4.3 Mexico
                                     10.2.4.3.1 Booming industrialization and rising population to drive demand for marine lubricants
                                                     TABLE 81 MEXICO: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 82 MEXICO: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 83 MEXICO: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 84 MEXICO: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
     10.3 ASIA PACIFIC 
             FIGURE 37 ASIA PACIFIC: MARINE LUBRICANTS MARKET SNAPSHOT
             10.3.1 IMPACT OF RECESSION
             10.3.2 ASIA PACIFIC MARINE LUBRICANTS MARKET, BY OIL TYPE
                        TABLE 85 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                        TABLE 86 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                        TABLE 87 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                        TABLE 88 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
             10.3.3 ASIA PACIFIC MARINE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 89 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
                        TABLE 90 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 91 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
                        TABLE 92 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
             10.3.4 ASIA PACIFIC MARINE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 93 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 94 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 95 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 96 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.3.4.1 China
                                     10.3.4.1.1 High investment in domestic and international maritime trade activities to drive market
                                                     TABLE 97 CHINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 98 CHINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 99 CHINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 100 CHINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.2 Singapore
                                     10.3.4.2.1 Leading marine hub for MRO activities to drive market
                                                     TABLE 101 SINGAPORE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 102 SINGAPORE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 103 SINGAPORE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 104 SINGAPORE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.3 Hong Kong
                                     10.3.4.3.1 Rise in trading activities to drive marine lubricants market
                                                     TABLE 105 HONG KONG: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 106 HONG KONG: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 107 HONG KONG: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 108 HONG KONG: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.4 South Korea
                                     10.3.4.4.1 Growing shipbuilding industry to drive demand for marine lubricants
                                                     TABLE 109 SOUTH KOREA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 110 SOUTH KOREA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 111 SOUTH KOREA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 112 SOUTH KOREA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.5 Malaysia
                                     10.3.4.5.1 Growth in shipbuilding industry to drive marine lubricants market
                                                     TABLE 113 MALAYSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 114 MALAYSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 115 MALAYSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 116 MALAYSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.6 Japan
                                     10.3.4.6.1 Financial support provided by government bodies to drive marine lubricants market
                                                     TABLE 117 JAPAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 118 JAPAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 119 JAPAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 120 JAPAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.7 Taiwan
                                     10.3.4.7.1 Growth in export and maritime trade to drive marine lubricants market
                                                     TABLE 121 TAIWAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 122 TAIWAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 123 TAIWAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 124 TAIWAN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.8 India
                                     10.3.4.8.1 Economic growth, favorable government policies & incentive framework, and long coastline to drive marine lubricants market
                                                     TABLE 125 INDIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 126 INDIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 127 INDIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 128 INDIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.3.4.9 Australia
                                     10.3.4.9.1 Large exports of coal and metals to drive demand for marine lubricants in commercial vessels
                                                     TABLE 129 AUSTRALIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 130 AUSTRALIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 131 AUSTRALIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 132 AUSTRALIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
     10.4 EUROPE 
             FIGURE 38 EUROPE: MARINE LUBRICANTS MARKET SNAPSHOT
             10.4.1 IMPACT OF RECESSION
             10.4.2 EUROPE MARINE LUBRICANTS MARKET, BY OIL TYPE
                        TABLE 133 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                        TABLE 134 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                        TABLE 135 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                        TABLE 136 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
             10.4.3 EUROPE MARINE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 137 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
                        TABLE 138 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 139 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
                        TABLE 140 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
             10.4.4 EUROPE MARINE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 141 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 142 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 143 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 144 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.4.4.1 Germany
                                     10.4.4.1.1 Growth of maritime industry to drive demand for marine lubricants
                                                     TABLE 145 GERMANY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 146 GERMANY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 147 GERMANY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 148 GERMANY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.2 Netherlands
                                     10.4.4.2.1 Strong presence of leading manufacturers of high-end yachts and special vessels to drive market
                                                     TABLE 149 NETHERLANDS: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 150 NETHERLANDS: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 151 NETHERLANDS: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 152 NETHERLANDS: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.3 Belgium
                                     10.4.4.3.1 Rise in maritime trade to drive market
                                                     TABLE 153 BELGIUM: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 154 BELGIUM: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 155 BELGIUM: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 156 BELGIUM: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.4 Spain
                                     10.4.4.4.1 Spanish shipbuilding industry to play major role in driving market
                                                     TABLE 157 SPAIN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 158 SPAIN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 159 SPAIN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 160 SPAIN: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.5 UK
                                     10.4.4.5.1 Popular manufacturing hub for shipbuilding industry
                                                     TABLE 161 UK: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 162 UK: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 163 UK: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 164 UK: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.6 Italy
                                     10.4.4.6.1 Presence of leading manufacturers of fishing ships and cruise liners
                                                     TABLE 165 ITALY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 166 ITALY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 167 ITALY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 168 ITALY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.7 France
                                     10.4.4.7.1 Position as second-largest maritime zone in world to drive market
                                                     TABLE 169 FRANCE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 170 FRANCE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 171 FRANCE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 172 FRANCE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.8 Greece
                                     10.4.4.8.1 Growing economy and investment in infrastructure to drive demand for marine lubricants
                                                     TABLE 173 GREECE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 174 GREECE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 175 GREECE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 176 GREECE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.9 Turkey
                                     10.4.4.9.1 Rise in development of ships and other naval vessels to drive demand for marine lubricants
                                                     TABLE 177 TURKEY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 178 TURKEY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028(USD MILLION)
                                                     TABLE 179 TURKEY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 180 TURKEY: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.4.4.10 Russia
                                     10.4.4.10.1 Growing economy and investment in infrastructure to drive demand for marine lubricants
                                                     TABLE 181 RUSSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 182 RUSSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 183 RUSSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 184 RUSSIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
     10.5 SOUTH AMERICA 
             10.5.1 IMPACT OF RECESSION
             10.5.2 SOUTH AMERICA MARINE LUBRICANTS MARKET, BY OIL TYPE
                        TABLE 185 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                        TABLE 186 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                        TABLE 187 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                        TABLE 188 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
             10.5.3 SOUTH AMERICA MARINE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 189 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
                        TABLE 190 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 191 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
                        TABLE 192 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
             10.5.4 SOUTH AMERICA MARINE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 193 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 194 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 195 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 196 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.5.4.1 Brazil
                                     10.5.4.1.1 Rapidly expanding economy to drive demand for marine lubricants
                                                     TABLE 197 BRAZIL: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 198 BRAZIL: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 199 BRAZIL: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 200 BRAZIL: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.5.4.2 Panama
                                     10.5.4.2.1 Increase in maritime traffic due to expansion of Panama Canal to drive demand
                                                     TABLE 201 PANAMA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 202 PANAMA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 203 PANAMA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 204 PANAMA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.5.4.3 Argentina
                                     10.5.4.3.1 Rapidly expanding economy to drive demand for marine lubricants
                                                     TABLE 205 ARGENTINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 206 ARGENTINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 207 ARGENTINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 208 ARGENTINA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 IMPACT OF RECESSION
             10.6.2 MIDDLE EAST & AFRICA MARINE LUBRICANTS MARKET, BY OIL TYPE
                        TABLE 209 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                        TABLE 210 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                        TABLE 211 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                        TABLE 212 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
             10.6.3 MIDDLE EAST & AFRICA MARINE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 213 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (USD MILLION)
                        TABLE 214 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 215 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2022 (KILOTON)
                        TABLE 216 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
             10.6.4 MIDDLE EAST & AFRICA MARINE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 217 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 218 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 219 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 220 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.6.4.1 UAE
                                     10.6.4.1.1 Increase in maritime activities owing to oil & gas exports to drive marine lubricants market
                                                     TABLE 221 UAE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 222 UAE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 223 UAE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 224 UAE: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.6.4.2 Saudi Arabia
                                     10.6.4.2.1 Strong foothold of shipbuilding, shipbreaking, and refurbishment companies to drive marine lubricants market
                                                     TABLE 225 SAUDI ARABIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 226 SAUDI ARABIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 227 SAUDI ARABIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 228 SAUDI ARABIA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
                        10.6.4.3 South Africa
                                     10.6.4.3.1 Increasing maritime traffic to drive market
                                                     TABLE 229 SOUTH AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (USD MILLION)
                                                     TABLE 230 SOUTH AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (USD MILLION)
                                                     TABLE 231 SOUTH AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2017–2022 (KILOTON)
                                                     TABLE 232 SOUTH AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE, 2023–2028 (KILOTON)
 
11 COMPETITIVE LANDSCAPE (Page No. - 181)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             11.2.1 STRATEGIES ADOPTED BY KEY MARINE LUBRICANT MANUFACTURERS
     11.3 RANKING OF KEY MARKET PLAYERS, 2022 
             FIGURE 39 RANKING OF TOP FIVE PLAYERS IN MARINE LUBRICANTS MARKET, 2022
     11.4 MARKET SHARE ANALYSIS 
             TABLE 233 MARINE LUBRICANTS MARKET: DEGREE OF COMPETITION
             FIGURE 40 EXXON MOBIL CORPORATION ACCOUNTED FOR LARGEST SHARE OF MARINE LUBRICANTS MARKET IN 2022
     11.5 REVENUE ANALYSIS OF KEY COMPANIES 
             FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES DURING LAST FIVE YEARS
     11.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 42 MARINE LUBRICANTS MARKET: COMPANY PRODUCT FOOTPRINT
             TABLE 234 MARINE LUBRICANTS MARKET: PRODUCT TYPE FOOTPRINT
             TABLE 235 MARINE LUBRICANTS MARKET: SHIP TYPE FOOTPRINT
             TABLE 236 MARINE LUBRICANTS MARKET: COMPANY REGION FOOTPRINT
     11.7 COMPANY EVALUATION QUADRANT (TIER 1) 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                       FIGURE 43 COMPANY EVALUATION QUADRANT FOR MARINE LUBRICANTS MARKET (TIER 1)
     11.8 COMPETITIVE BENCHMARKING 
             TABLE 237 MARINE LUBRICANTS MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 238 MARINE LUBRICANTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     11.9 START-UPS/SMES EVALUATION QUADRANT 
             11.9.1 PROGRESSIVE COMPANIES
             11.9.2 RESPONSIVE COMPANIES
             11.9.3 DYNAMIC COMPANIES
             11.9.4 STARTING BLOCKS
                        FIGURE 44 START-UP/SME EVALUATION QUADRANT FOR MARINE LUBRICANTS MARKET
     11.1 COMPETITIVE SITUATIONS AND TRENDS 
             11.10.1 PRODUCT LAUNCHES
                        TABLE 239 MARINE LUBRICANTS MARKET: PRODUCT LAUNCHES (2019–2023)
             11.10.2 DEALS
                        TABLE 240 MARINE LUBRICANTS MARKET: DEALS (2019–2022)
             11.10.3 OTHER DEVELOPMENTS
                        TABLE 241 MARINE LUBRICANTS MARKET: OTHER DEVELOPMENTS (2019–2022)
 
12 COMPANY PROFILES (Page No. - 199)
(Business Overview, Products/Solutions/Services offered, Locations, Recent Developments, MnM view, Right to win, Strategic choices, Weakness and competitive threats)*
     12.1 KEY PLAYERS 
             12.1.1 BP P.L.C.
                        TABLE 242 BP P.L.C.: COMPANY OVERVIEW
                        FIGURE 45 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 243 BP P.L.C.: OTHER DEVELOPMENTS
             12.1.2 CHEVRON CORPORATION
                        TABLE 244 CHEVRON CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 245 CHEVRON CORPORATION: DEALS
                        TABLE 246 CHEVRON CORPORATION: PRODUCT LAUNCHES
                        TABLE 247 CHEVRON CORPORATION: OTHER DEVELOPMENTS
             12.1.3 EXXON MOBIL CORPORATION
                        TABLE 248 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 249 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES
                        TABLE 250 EXXON MOBIL CORPORATION: OTHER DEVELOPMENTS
             12.1.4 SHELL PLC
                        TABLE 251 SHELL PLC: COMPANY OVERVIEW
                        FIGURE 48 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 252 SHELL PLC: DEALS
                        TABLE 253 SHELL PLC: OTHER DEVELOPMENTS
             12.1.5 TOTALENERGIES SE
                        TABLE 254 TOTALENERGIES SE: COMPANY OVERVIEW
                        FIGURE 49 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 255 TOTALENERGIES SE: DEALS
                        TABLE 256 TOTALENERGIES SE: OTHER DEVELOPMENTS
             12.1.6 PETRONAS
                        TABLE 257 PETRONAS: COMPANY OVERVIEW
                        FIGURE 50 PETRONAS: COMPANY SNAPSHOT
                        TABLE 258 PETRONAS: DEALS
                        TABLE 259 PETRONAS: OTHER DEVELOPMENTS
             12.1.7 LUKOIL
                        TABLE 260 LUKOIL: COMPANY OVERVIEW
                        FIGURE 51 LUKOIL: COMPANY SNAPSHOT
                        TABLE 261 LUKOIL: PRODUCT LAUNCH
                        TABLE 262 LUKOIL: DEALS
                        TABLE 263 LUKOIL: OTHER DEVELOPMENTS
             12.1.8 IDEMITSU KOSAN CO., LTD
                        TABLE 264 IDEMITSU KOSAN CO. LTD: COMPANY OVERVIEW
                        FIGURE 52 IDEMITSU KOSAN CO., LTD: COMPANY SNAPSHOT
                        TABLE 265 IDEMITSU KOSAN CO., LTD: OTHER DEVELOPMENTS
             12.1.9 CHINA PETROLEUM & CHEMICAL CORPORATION
                        TABLE 266 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
             12.1.10 ENEOS HOLDINGS, INC.
                        TABLE 267 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
                        FIGURE 54 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT
             12.1.11 GULF OIL INTERNATIONAL LTD.
                        TABLE 268 GULF OIL INTERNATIONAL LTD.: BUSINESS OVERVIEW
                        TABLE 269 GULF OIL INTERNATIONAL: DEALS
             12.1.12 EMIRATES NATIONAL OIL COMPANY (ENOC)
                        TABLE 270 ENOC: COMPANY OVERVIEW
                        TABLE 271 ENOC: OTHER DEVELOPMENTS
             12.1.13 ENI S.P.A.
                        TABLE 272 ENI S.P.A.: COMPANY OVERVIEW
                        FIGURE 55 ENI S.P.A.: COMPANY SNAPSHOT
                        TABLE 273 ENI S.P.A.: OTHER DEVELOPMENTS
             12.1.14 INDIAN OIL CORPORATION LIMITED
                        TABLE 274 INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW
                        FIGURE 56 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT
                        TABLE 275 INDIAN OIL CORPORATION LIMITED: PRODUCT LAUNCHES
                        TABLE 276 INDIAN OIL CORPORATION LIMITED: OTHER DEVELOPMENTS
             12.1.15 PETROCHINA COMPANY LIMITED
                        TABLE 277 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW
                        FIGURE 57 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
                        TABLE 278 PETROCHINA COMPANY LIMITED: OTHER DEVELOPMENTS
             12.1.16 SK INC.
                        TABLE 279 SK INC.: COMPANY OVERVIEW
                        FIGURE 58 SK INC.: COMPANY SNAPSHOT
             12.1.17 CEPSA
                        TABLE 280 CEPSA: COMPANY OVERVIEW
                        FIGURE 59 CEPSA: COMPANY SNAPSHOT
             12.1.18 GAZPROM NEFT
                        TABLE 281 GAZPROM NEFT: COMPANY OVERVIEW
                        FIGURE 60 GAZPROM NEFT: COMPANY SNAPSHOT
                        TABLE 282 GAZPROM NEFT: PRODUCT LAUNCHES
                        TABLE 283 GAZPROM NEFT: OTHER DEVELOPMENTS
*Details on Business Overview, Products/Solutions/Services offered, Locations, Recent Developments, MnM view, Right to win, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
     12.2 OTHER KEY MARKET PLAYERS 
             12.2.1 ADDINOL LUBE OIL GMBH
                        TABLE 284 ADDINOL LUBE OIL GMBH: COMPANY OVERVIEW
             12.2.2 BEL RAY COMPANY LLC.
                        TABLE 285 BEL-RAY COMPANY LLC.: COMPANY OVERVIEW
             12.2.3 MORRIS LUBRICANTS
                        TABLE 286 MORRIS LUBRICANTS: COMPANY OVERVIEW
             12.2.4 PENRITE OIL COMPANY
                        TABLE 287 PENRITE OIL COMPANY: COMPANY OVERVIEW
             12.2.5 LIQUI MOLY GMBH
                        TABLE 288 LIQUI MOLY GMBH: COMPANY OVERVIEW
             12.2.6 DYADE LUBRICANTS
                        TABLE 289 DYADE LUBRICANTS: COMPANY OVERVIEW
             12.2.7 KLÜBER LUBRICATION
                        TABLE 290 KLUBER LUBRICATION: COMPANY OVERVIEW
 
13 ADJACENT & RELATED MARKETS (Page No. - 265)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 BASE OIL MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 BASE OIL MARKET, BY REGION 
             13.4.1 ASIA PACIFIC
                        TABLE 291 ASIA PACIFIC: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 292 ASIA PACIFIC: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 293 ASIA PACIFIC: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTON)
                        TABLE 294 ASIA PACIFIC: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTON)
             13.4.2 EUROPE
                        TABLE 295 EUROPE: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 296 EUROPE: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 297 EUROPE: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTON)
                        TABLE 298 EUROPE: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTON)
             13.4.3 NORTH AMERICA
                        TABLE 299 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 300 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 301 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTON)
                        TABLE 302 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTON)
             13.4.4 MIDDLE EAST & AFRICA
                        TABLE 303 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 304 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 305 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTON)
                        TABLE 306 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTON)
             13.4.5 SOUTH AMERICA
                        TABLE 307 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                        TABLE 308 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                        TABLE 309 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTON)
                        TABLE 310 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTON)
 
14 APPENDIX (Page No. - 274)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for marine lubricants. Intensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The marine lubricants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the marine lubricants market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Marine Lubricants Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

Exxon Mobil Corporation

Global Strategy & Innovation Manager

Shell plc

Director

BP p.l.c.

Project Manager

TotalEnergies SE

Production Supervisor

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the marine lubricants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Marine Lubricants Market: Bottom-Up Approach

Marine Lubricants Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Marine Lubricants Market: Top-Down Approach

Marine Lubricants Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the marine lubricants industry.

Market Definition

The marine lubricants market involves the manufacture and sale of marine lubricants designed primarily for use in ships such as bulk carriers, tankers, container ships and others. These marine lubricants primarily lower the friction between various operating mechanical parts in a ship or vessel. Furtherly, this lubrication process relieves in dispelling excess heat and reducing wear and tear. Marine lubricants improves the output proficiency of machineries and improve the working life of the mechanical parts in a vessel or ship.

Key Stake Holders

  • Marine Lubricant manufacturers
  • Raw material manufacturers
  • Government planning commissions and research organizations
  • Industry associations
  • End-use industries
  • R&D institutions

Report Objectives

  • To analyze and forecast the size of the marine lubricants market in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
  • To define, describe, and segment the marine lubricants market based on oil type, product type and ship type
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
Jun, 2023
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