Global Marine Lubricants Market - Segmented by Lubricant Type, Ship Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4602257
  • Report
  • Region: Global
  • 129 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • BP Plc.
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Gazprom Neft PJSC
  • Idemitsu Kosan Co. Ltd
  • MORE
The Marine Lubricants market is estimated to have a demand of 1,804.97 kilo tons in 2018 and is projected to witness a moderate CAGR during the forecast period of 2018-2023. Marine cylinder lubricants are the largest type of lubricants, as of 2017.

Rising Demand for Marine Transport in Asia-Pacific to Boost the Market

The marine transport in the Europe and Asia-Pacific regions has been growing steadily since the past two years. The robust growth in online shopping in Asia-Pacific is expanding the intra-region growth to a major extent. A majority of the marine transport growth is expected to be witnessed in the Southeast Asian countries, as they are growing out to be the strategic points for manufacture and export of products, for many multinational players. In addition, owing the new Korea Shipping partnership, the operating costs of marine transport are expected to decrease along with an increase in the trade activities in the intra-Asia routes. These factors are expected to support the growth of the marine lubricants market in the coming years.

Marine Cylinder Lubricants - The Dominating Segment

The marine cylinder lubricants occupy the largest share in the marine lubricants market, in 2017. These lubricants find their application in vessels with either 2-stroke or 4-stroke engines, with 2-stroke engines occupying the majority of the share. The ever tightening restrictions regarding the environment are pushing the marine cylinder lubricant manufacturers to develop new products continuously. Major manufacturers, such as Shell and Castrol have even responded to the restrictions being laid out, by offering newer products to their customers in 2016 & 2017.

Europe to Witness Slow Growth

Reducing ship delays and increasing trade to Asian countries have been supporting the growth of marine trade in the European trade in the recent times. Germany is one of the largest consumer of marine lubricants around the world owing to its massive merchant navy fleet (4th largest in the world). Due to the ruthless competition among various shipbuilding companies and brutal cost pressure, the German merchant fleet has been declining since 2012 with a loss of 17% in the total number of ships. The market is expected to decline slightly further in the coming years, which could be a hurdle for the marine lubes industry in the region. However, there has been an increasing demand for marine lubricants in the Eastern European region, which is driving the market in near future.

Notable Developments in the Market
  • November 2017: Gazprom Neft lubricants has launched the production of marine lubes under its Gazpromneft Ocean brand
  • June 2017: Launch of new Shell Argina and Shell Gadinia trunk piston oils for the medium-speed engine market by Royal Dutch Shell Plc
Major Players: Royal Dutch Shell Plc., BP Plc, Chevron Corporation, Lukoil, ExxonMobil Corporation and Gazprom Neft, among others.

Reasons to Purchase this Report
  • Analyzing various perspectives of the market, with the help of Porter’s five forces analysis
  • The lubricant type that is expected to dominate the market
  • Countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BP Plc.
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Gazprom Neft PJSC
  • Idemitsu Kosan Co. Ltd
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Rising Demand for Marine Transport in Europe and Asia-Pacific
4.1.2 Growing Shipbuilding Activities in Asia-Pacific
4.2 Restraints
4.2.1 Economic Instabilities in Shipbuilding Economies
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Recovering Shipbuilding and Marine Transport Industry in the United States
4.3.2 Other Opportunities

5. Market Segmentation & Analysis (Market Size, Growth, and Forecast)
5.1 By Lubricant Type
5.1.1 System Oils
5.1.2 Marine Cylinder Lubricants
5.1.3 Trunk Piston Engine Oils
5.1.4 Others
5.2 By Ship Type
5.2.1 Bulker
5.2.2 Tanker
5.2.3 Container
5.2.4 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Philippines
6.1.6 Indonesia
6.1.7 Malaysia
6.1.8 Thailand
6.1.9 Vietnam
6.1.10 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Russia
6.3.6 Spain
6.3.7 Turkey
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Colombia
6.4.4 Chile
6.4.5 Rest of South America
6.5 Middle East
6.5.1 Saudi Arabia
6.5.2 Iran
6.5.3 Iraq
6.5.4 UAE
6.5.5 Rest of Middle East
6.6 Africa
6.6.1 Egypt
6.6.2 South Africa
6.6.3 Nigeria
6.6.4 Algeria
6.6.5 Morocco
6.6.6 Rest of Africa

7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 BP Plc.
8.2 China Petroleum & Chemical Corporation (Sinopec)
8.3 Chevron Corporation
8.4 Exxon Mobil Corporation
8.5 FUCHS
8.6 Gazprom Neft PJSC
8.7 Gulf Oil Corporation Limited
8.8 Idemitsu Kosan Co. Ltd
8.9 Indian Oil Corporation Ltd
8.10 JX Nippon Oil & Energy Corporation
8.11 Lukoil
8.12 Quepet Lubricants
8.13 Royal Dutch Shell Plc.
8.14 Total
*List not exhaustive

9. Disclaimer
**Subject to availability on public domain
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  • BP Plc.
  • China Petroleum & Chemical Corporation (Sinopec)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Gazprom Neft PJSC
  • Gulf Oil Corporation Limited
  • Idemitsu Kosan Co. Ltd
  • Indian Oil Corporation Ltd
  • JX Nippon Oil & Energy Corporation
  • Lukoil
  • Quepet Lubricants
  • Royal Dutch Shell Plc.
  • Total
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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