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North America Marine Lubricants Market 2021-2031 by Product Type, Application, End Use, and Country: Trend Forecast and Growth Opportunity

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    Report

  • 119 Pages
  • December 2022
  • Region: North America
  • GMD Research
  • ID: 5712814
North America marine lubricants market is projected to grow by 3.0% annually in the forecast period and reach $1,014.9 million by 2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction, the increasing expenditure in marine defense vessels, an increase in demand for bio-based eco-friendly marine lubricants, the emerging emission abatement technologies, and the growth in maritime tourism and the infrastructural developments.

Highlighted with 23 tables and 62 figures, this 119-page report “North America Marine Lubricants Market 2021-2031 by Product Type (Mineral, Synthetic, Bio-Based, Grease), Application (Engine, Motors, Gear, Hydraulic, Air Compressor, Others), End Use (Bulk Carriers, Tankers, Container Ships, General Cargo, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America marine lubricants market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

  • Market Structure
  • Growth Drivers
  • Restraints and Challenges
  • Emerging Product Trends & Market Opportunities
  • Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America marine lubricants market in every aspect of the classification from perspectives of Product Type, Application, End Use, and Country.

Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.

  • Mineral Oil
  • Synthetic Oil
  • Bio-Based Oil

Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.

  • Engine System
  • Motors & Auxiliaries
  • Gear System
  • Hydraulic System
  • Air Compressor
  • Other Applications

By End Use, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.

  • Bulk Carriers
  • Tankers
  • Container Ships
  • General Cargo
  • Other End Uses

Geographically, the following national/local markets are fully investigated:

  • U.S.
  • Canada
  • Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Product Type, Application and End Use over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

  • BP Plc
  • Castrol
  • Chevron Corporation
  • Eni S.p.A
  • ExxonMobil Corporation
  • Fuchs Lubritech GmbH
  • Gulf Oil International Ltd.
  • Idemitsu Kosan Co., Ltd.
  • Indian Oil Corporation Ltd.
  • Jx Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • LUKOIL Lubricants Company
  • Penrite Oil
  • PJSC Lukoil Oil Corporation
  • QUEPET Lubricants
  • Repsol SA
  • Shell plc
  • Sinopec Corporation
  • TotalEnergies SE
  • Valvoline Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Frequently Asked Questions about the North American Marine Lubricants Market

What is the estimated value of the North American Marine Lubricants Market?

The North American Marine Lubricants Market was estimated to be valued at $758.8 Million in 2021.

What is the growth rate of the North American Marine Lubricants Market?

The growth rate of the North American Marine Lubricants Market is 3.0%, with an estimated value of $1014.9 Million by 2031.

What is the forecasted size of the North American Marine Lubricants Market?

The North American Marine Lubricants Market is estimated to be worth $1014.9 Million by 2031.

Who are the key companies in the North American Marine Lubricants Market?

Key companies in the North American Marine Lubricants Market include BP Plc, Castrol, Chevron Corporation, Eni S.p.A, ExxonMobil Corporation, Fuchs Lubritech GmbH, Gulf Oil International Ltd., Idemitsu Kosan Co., Ltd. and Jx Nippon Oil & Energy Corporation.

Table of Contents

1 Introduction
1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.1.1 Impact of COVID-19 on World Economy
2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis
3 Segmentation of North America Market by Product Type
3.1 Market Overview by Product Type
3.2 Mineral Oil
3.3 Synthetic Oil
3.4 Bio-Based Oil
3.5 Grease
4 Segmentation of North America Market by Application
4.1 Market Overview by Application
4.2 Engine System
4.3 Motors & Auxiliaries
4.4 Gear System
4.5 Hydraulic System
4.6 Air Compressor
4.7 Other Applications
5 Segmentation of North America Market by End Use
5.1 Market Overview by End Use
5.2 Bulk Carriers
5.3 Tankers
5.4 Container Ships
5.5 General Cargo
5.6 Other End Uses
6 North America Market 2021-2031 by Country
6.1 Overview of North America Market
6.2 U.S.
6.3 Canada
6.4 Mexico
7 Competitive Landscape
7.1 Overview of Key Vendors
7.2 New Product Launch, Partnership, Investment, and M&A
7.3 Company Profiles
  • BP Plc
  • Castrol
  • Chevron Corporation
  • Eni S.p.A
  • ExxonMobil Corporation
  • Fuchs Lubritech GmbH
  • Gulf Oil International Ltd.
  • Idemitsu Kosan Co., Ltd.
  • Indian Oil Corporation Ltd.
  • Jx Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • LUKOIL Lubricants Company
  • Penrite Oil
  • PJSC Lukoil Oil Corporation
  • QUEPET Lubricants
  • Repsol SA
  • Shell plc
  • Sinopec Corporation
  • TotalEnergies SE
  • Valvoline Inc.
List of Tables
Table 1. Snapshot of North America Marine Lubricants Market in Balanced Perspective, 2021-2031
Table 2. World Economic Outlook, 2021-2031
Table 3. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons
Table 4. Main Product Trends and Market Opportunities in North America Marine Lubricants Market
Table 5. North America Marine Lubricants Market by Product Type, 2021-2031, $ mn
Table 6. North America Marine Lubricants Market by Product Type, 2021-2031, thousand tons
Table 7. North America Marine Lubricants Market by Application, 2021-2031, $ mn
Table 8. North America Marine Lubricants Market by Application, 2021-2031, thousand tons
Table 9. North America Marine Lubricants Market by End Use, 2021-2031, $ mn
Table 10. North America Marine Lubricants Market by End Use, 2021-2031, thousand tons
Table 11. North America Marine Lubricants Market by Country, 2021-2031, $ mn
Table 12. U.S. Marine Lubricants Market by Product Type, 2021-2031, $ mn
Table 13. U.S. Marine Lubricants Market by Application, 2021-2031, $ mn
Table 14. U.S. Marine Lubricants Market by End Use, 2021-2031, $ mn
Table 15. Canada Marine Lubricants Market by Product Type, 2021-2031, $ mn
Table 16. Canada Marine Lubricants Market by Application, 2021-2031, $ mn
Table 17. Canada Marine Lubricants Market by End Use, 2021-2031, $ mn
Table 18. Mexico Marine Lubricants Market by Product Type, 2021-2031, $ mn
Table 19. Mexico Marine Lubricants Market by Application, 2021-2031, $ mn
Table 20. Mexico Marine Lubricants Market by End Use, 2021-2031, $ mn
Table 21. BP Plc: Company Snapshot
Table 22. BP Plc: Business Segmentation
Table 23. BP Plc: Product Portfolio
List of Figures
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 4. North America Marine Lubricants Market, 2021-2031, $ mn
Figure 5. North America Marine Lubricants Market, 2021-2031, thousand tons
Figure 6. Impact of COVID-19 on Business
Figure 7. Primary Drivers and Impact Factors of North America Marine Lubricants Market
Figure 8. World Shipbuilding Capacity by Country, 2013 - 2026F, million CGT
Figure 9. Fleet Market by Region of Beneficial Ownership, 2022, Millions of dead-weight tons
Figure 10. World Crude Oil Production, 2000-2021, million tons
Figure 11. Primary Restraints and Impact Factors of North America Marine Lubricants Market
Figure 12. Investment Opportunity Analysis
Figure 13. Porter’s Fiver Forces Analysis of North America Marine Lubricants Market
Figure 14. Breakdown of North America Marine Lubricants Market by Product Type, 2021-2031, % of Revenue
Figure 15. North America Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%)
Figure 16. Breakdown of North America Marine Lubricants Market by Product Type, 2021-2031, % of Volume
Figure 17. North America Addressable Market Cap in 2022-2031 by Product Type, Volume (thousand tons) and Share (%)
Figure 18. North America Marine Lubricants Market by Product Type: Mineral Oil, 2021-2031, $ mn
Figure 19. North America Marine Lubricants Market by Product Type: Mineral Oil, 2021-2031, thousand tons
Figure 20. North America Marine Lubricants Market by Product Type: Synthetic Oil, 2021-2031, $ mn
Figure 21. North America Marine Lubricants Market by Product Type: Synthetic Oil, 2021-2031, thousand tons
Figure 22. North America Marine Lubricants Market by Product Type: Bio-Based Oil, 2021-2031, $ mn
Figure 23. North America Marine Lubricants Market by Product Type: Bio-Based Oil, 2021-2031, thousand tons
Figure 24. North America Marine Lubricants Market by Product Type: Grease, 2021-2031, $ mn
Figure 25. North America Marine Lubricants Market by Product Type: Grease, 2021-2031, thousand tons
Figure 26. Breakdown of North America Marine Lubricants Market by Application, 2021-2031, % of Sales Revenue
Figure 27. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%)
Figure 28. Breakdown of North America Marine Lubricants Market by Application, 2021-2031, % of Sales Volume
Figure 29. North America Addressable Market Cap in 2022-2031 by Application, Volume (thousand tons) and Share (%)
Figure 30. North America Marine Lubricants Market by Application: Engine System, 2021-2031, $ mn
Figure 31. North America Marine Lubricants Market by Application: Engine System, 2021-2031, thousand tons
Figure 32. North America Marine Lubricants Market by Application: Motors & Auxiliaries, 2021-2031, $ mn
Figure 33. North America Marine Lubricants Market by Application: Motors & Auxiliaries, 2021-2031, thousand tons
Figure 34. North America Marine Lubricants Market by Application: Gear System, 2021-2031, $ mn
Figure 35. North America Marine Lubricants Market by Application: Gear System, 2021-2031, thousand tons
Figure 36. North America Marine Lubricants Market by Application: Hydraulic System, 2021-2031, $ mn
Figure 37. North America Marine Lubricants Market by Application: Hydraulic System, 2021-2031, thousand tons
Figure 38. North America Marine Lubricants Market by Application: Air Compressor, 2021-2031, $ mn
Figure 39. North America Marine Lubricants Market by Application: Air Compressor, 2021-2031, thousand tons
Figure 40. North America Marine Lubricants Market by Application: Other Applications, 2021-2031, $ mn
Figure 41. North America Marine Lubricants Market by Application: Other Applications, 2021-2031, thousand tons
Figure 42. Breakdown of North America Marine Lubricants Market by End Use, 2021-2031, % of Sales Revenue
Figure 43. North America Addressable Market Cap in 2022-2031 by End Use, Value ($ mn) and Share (%)
Figure 44. Breakdown of North America Marine Lubricants Market by End Use, 2021-2031, % of Sales Volume
Figure 45. North America Addressable Market Cap in 2022-2031 by End Use, Volume (thousand tons) and Share (%)
Figure 46. World Fleet by Principal Vessel Type, 1981-2022, Millions of dead-weight tons
Figure 47. North America Marine Lubricants Market by End Use: Bulk Carriers, 2021-2031, $ mn
Figure 48. North America Marine Lubricants Market by End Use: Bulk Carriers, 2021-2031, thousand tons
Figure 49. North America Marine Lubricants Market by End Use: Tankers, 2021-2031, $ mn
Figure 50. North America Marine Lubricants Market by End Use: Tankers, 2021-2031, thousand tons
Figure 51. North America Marine Lubricants Market by End Use: Container Ships, 2021-2031, $ mn
Figure 52. North America Marine Lubricants Market by End Use: Container Ships, 2021-2031, thousand tons
Figure 53. North America Marine Lubricants Market by End Use: General Cargo, 2021-2031, $ mn
Figure 54. North America Marine Lubricants Market by End Use: General Cargo, 2021-2031, thousand tons
Figure 55. North America Marine Lubricants Market by End Use: Other End Uses, 2021-2031, $ mn
Figure 56. North America Marine Lubricants Market by End Use: Other End Uses, 2021-2031, thousand tons
Figure 57. Breakdown of North America Marine Lubricants Market by Country, 2021 and 2031, % of Revenue
Figure 58. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 59. U.S. Marine Lubricants Market, 2021-2031, $ mn
Figure 60. Canada Marine Lubricants Market, 2021-2031, $ mn
Figure 61. Marine Lubricants Market in Mexico, 2021-2031, $ mn
Figure 62. Growth Stage of North America Marine Lubricants Industry over the Forecast Period 94

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BP Plc
  • Castrol
  • Chevron Corporation
  • Eni S.p.A
  • ExxonMobil Corporation
  • Fuchs Lubritech GmbH
  • Gulf Oil International Ltd.
  • Idemitsu Kosan Co., Ltd.
  • Indian Oil Corporation Ltd.
  • Jx Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • LUKOIL Lubricants Company
  • Penrite Oil
  • PJSC Lukoil Oil Corporation
  • QUEPET Lubricants
  • Repsol SA
  • Shell plc
  • Sinopec Corporation
  • TotalEnergies SE
  • Valvoline Inc.

Methodology

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