Quick Summary:
Venture into the high-potential Marine Lubricants Market, globally estimated at US$6.3 Billion in 2022 and projected to reach a noteworthy US$7.5 Billion by 2030. The comprehensive report under consideration offers strategic insights, trend analysis and market forecasts, empowering you to make well-informed, data-driven decisions for investment, expansion, or market entry.
Key segments such as Engine Oil, which is forecast to record a 2.1% CAGR and reach US$3.4 Billion by the end of the analysis period, are succinctly evaluated. Furthermore, the report meticulously breaks down the market geographically, featuring growth forecasts for powerful economies like the U.S. and China. The penetration, growth, and strategies of 43 global competitors, including BP PLC, Chevron Corporation, and Royal Dutch Shell PLC are also detailed, enhancing your competitive understanding of the Marine Lubricants market.
Global Marine Lubricants Market to Reach $7.5 Billion by 2030
The global market for Marine Lubricants estimated at US$6.3 Billion in the year 2022, is projected to reach a revised size of US$7.5 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2022-2030. Engine Oil, one of the segments analyzed in the report, is projected to record 2.1% CAGR and reach US$3.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hydraulic Fluid segment is readjusted to a revised 2.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 3.2% CAGR
The Marine Lubricants market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 3.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.Select Competitors (Total 43 Featured) -
- BP PLC
- Chevron Corporation
- China Petroleum & Chemical Corporation (SINOPEC)
- ExxonMobil Corporation
- Fuchs Lubritech GmbH
- Gazprom Neft PJSC
- Gulf Oil Corporation Ltd.
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd.
- JX Nippon Oil & Energy Corporation
- LUKOIL Lubricants Company
- Quepet Lubricants
- Royal Dutch Shell PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Marine Lubricants?
What is the growth rate of the Global Market for Marine Lubricants?
What is the forecasted size of the Global Market for Marine Lubricants?
Who are the key companies in the Global Market for Marine Lubricants?
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 6.3 Billion |
| Forecasted Market Value ( USD | $ 7.5 Billion |
| Compound Annual Growth Rate | 2.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BP PLC
- Chevron Corporation
- China Petroleum & Chemical Corporation (SINOPEC)
- ExxonMobil Corporation
- Fuchs Lubritech GmbH
- Gazprom Neft PJSC
- Gulf Oil Corporation Ltd.
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd.
- JX Nippon Oil & Energy Corporation
- LUKOIL Lubricants Company
- Quepet Lubricants
- Royal Dutch Shell PLC
