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


Product Code : MNMCH00110141
Survey : MarketsandMarkets
Publish On : March, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023. The growth of the market is driven by the emerging alternative technology trends. Also, rising infrastructure developments (port infrastructure) to strengthen the shipping industry globally are fueling trade activities, leading to the growth of marine lubricants market. However, fewer trade activities and the rising number of idle ships are restraining the market’s growth.

Mineral oil is the largest oil type segment of the global marine lubricants market. By oil type, the mineral oil segment is estimated to account for the largest share of the global marine lubricants market in 2018. This oil type is available in light and heavy grades, depending on the usage and requirement. Mineral oil is produced in large quantities because of its high demand in different marine applications, such as engines, turbines, and stern tubes. The market for mineral oil is driven by the demand from APAC and the Middle East due to the presence of a large number of oil refineries in these regions.

Engine oil is the largest product type segment of the global marine lubricants market. By product type, the engine oil segment is estimated to account for the largest share of the global marine lubricants market in 2018. This large share is majorly attributed to the increasing ship sizes, which translate into increased engine capacities and, therefore, high consumption of engine oil in the propulsion units.

The bulk carrier segment is the largest ship type segment of the global marine lubricants market. Marine lubricants are primarily used in the engine, hydraulic, compressor, stern tube, and gear of ships. By ship type, the bulk carrier segment is projected to lead the marine lubricants market between 2018 and 2023. The improving economic condition of countries in various regions is fueling the need for efficient and bigger ships to accommodate the rising cargo demand.

The APAC region is projected to be to be the largest marine lubricants market during the forecast period. China is the key producer and consumer of marine lubricants in this region. Intensive R&D, easy availability of raw materials, rising standards of living, rising population, and awareness among consumers about environmental protection due to the use of renewable products are expected to increase the demand for marine lubricants in the APAC region.

Breakdown of profiles of primary interviews for the report:
• By Company Type: Tier 1 – 30%, Tier 2 –43%, and Tier 3 – 27%
• By Designation: C Level – 42%, Director Level – 30%, and Others – 28%
• By Region: North America – 37%, APAC– 26%, Europe – 23%, Others – 14%

Some of the key companies profiled in this report include BP plc (UK), Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (US), and Chevron Corporation (US).

Research Coverage
This research study aims at identifying emerging trends and opportunities in the global marine lubricants market, along with a detailed classification, in terms of value. It identifies key players in the market and provides a comprehensive competitive landscape. The global marine lubricants market has been segmented based on oil type, product type, ship type, and region. Based on oil type, the market has been segmented into mineral oil, synthetic, bio-based, and grease. Based on product type, the market has been segmented into engine oil, hydraulic fluid, compressor oil, and others. Based on ship type, the market has been segmented into bulk carrier, tanker, container ship, and others. Based on region, the market has been segmented into APAC, Europe, North America, Central & South America, and the Middle East & Africa.

Key benefits of buying the report
• Market segmentation based on oil type, product type, ship type, and region
• Market dynamics including drivers, restraints, and opportunities
• Porter’s Five Forces Analysis
• Profile of key players in the global marine lubricants market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 REGIONAL SEGMENTATION 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 UNIT CONSIDERED 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 30
4.1 SIGNIFICANT GROWTH OPPORTUNITIES IN THE MARINE LUBRICANTS MARKET 30
4.2 MARINE LUBRICANTS MARKET, BY OIL TYPE, 2018–2023 30
4.3 APAC MARINE LUBRICANTS MARKET SHARE, BY COUNTRY AND PRODUCT TYPE, 2017 31
4.4 MARINE LUBRICANTS MARKET, BY REGION 31
4.5 MARINE LUBRICANTS MARKET, BY SHIP TYPE 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Infrastructural developments strengthening the shipping industry 34
5.2.1.2 Emerging emission abatement technologies 34
5.2.2 RESTRAINTS 35
5.2.2.1 Slowdown in trade activities leading to rising number of idle ships 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Increasing demand for bio-based marine lubricants 35
5.2.3.2 Shift from Group-I to Group-II base stocks 35
5.3 PORTER’S FIVE FORCES ANALYSIS 36
5.3.1 THREAT OF NEW ENTRANTS 37
5.3.2 THREAT OF SUBSTITUTES 37
5.3.3 BARGAINING POWER OF SUPPLIERS 37
5.3.4 BARGAINING POWER OF BUYERS 38
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 38
6 INDUSTRY INSIGHTS AND TRENDS 39
6.1 KEY INSIGHTS 39
6.2 FREE TRADE AREAS AROUND THE WORLD 39
6.3 ANNUAL CONTAINER THROUGHPUT OF KEY PORTS 40
6.4 WORLD FLEET 41
6.4.1 BY VESSEL TYPE 41
6.4.2 BY POWER 41
6.5 FUEL QUALITY TRENDS 42
6.6 EMISSION ABATEMENT TECHNOLOGICAL TRENDS 44
6.6.1 EXHAUST GAS CLEANING SYSTEMS (EGCS) 44
6.6.2 EXHAUST GAS RECIRCULATION (EGR) 45
6.6.3 SELECTIVE CATALYTIC REDUCTION (SCR) 45
6.7 EMISSION REGULATIONS 45
6.8 INDUSTRIAL GROWTH & OUTLOOK 47
6.8.1 SHIPPING INDUSTRY 47
7 MARINE LUBRICANTS MARKET, BY OIL TYPE 48
7.1 INTRODUCTION 49
7.2 MINERAL OIL 50
7.3 SYNTHETIC 52
7.4 BIO-BASED 53
7.5 GREASE 54
8 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 55
8.1 INTRODUCTION 56
8.2 ENGINE OIL 57
8.2.1 CYLINDER OIL 58
8.2.2 SYSTEM OIL 58

8.3 HYDRAULIC FLUID 58
8.4 COMPRESSOR OIL 59
8.5 OTHERS 60
9 MARINE LUBRICANTS MARKET, BY SHIP TYPE 62
9.1 INTRODUCTION 63
9.1.1 BULK CARRIERS 64
9.1.2 TANKERS 64
9.1.3 CONTAINER SHIPS 65
9.1.4 OTHERS 65
10 MARINE LUBRICANTS MARKET, BY REGION 66
10.1 INTRODUCTION 67
10.2 APAC 69
10.2.1 MINERAL OIL DOMINATES THE OVERALL APAC MARINE LUBRICANTS MARKET 71
10.2.2 MARINE LUBRICANTS MARKET FOR COMPRESSOR OIL TO WITNESS
THE HIGHEST CAGR 71
10.2.3 CHINA ACCOUNTS FOR A MAJOR SHARE OF THE APAC MARINE
LUBRICANTS MARKET 72
10.2.3.1 China 73
10.2.3.2 Singapore 74
10.2.3.3 Hong Kong 74
10.2.3.4 South Korea 75
10.2.3.5 Malaysia 76
10.2.3.6 Japan 77
10.3 EUROPE 78
10.3.1 MINERAL OIL SEGMENT ACCOUNTS FOR THE LARGEST SHARE OF
EUROPEAN MARINE LUBRICANTS MARKET 79
10.3.2 ENGINE OIL HOLDS THE LARGEST SHARE OF THE OVERALL
EUROPEAN MARINE LUBRICANTS MARKET 80
10.3.3 GERMANY ACCOUNTS FOR A MAJOR SHARE OF THE EUROPEAN
MARINE LUBRICANTS MARKET 80
10.3.3.1 Germany 81
10.3.3.2 Netherlands 82
10.3.3.3 Belgium 83
10.3.3.4 Spain 83
10.3.3.5 UK 84
10.3.3.6 Russia 85
10.4 NORTH AMERICA 86
10.4.1 SYNTHETIC MARINE LUBRICANT MARKET TO WITNESS HIGHEST
GROWTH IN NORTH AMERICA MARKET 86
10.4.2 COMPRESSOR OIL TO BE FASTEST-GROWING SEGMENT OF
THE MARINE LUBRICANTS MARKET IN NORTH AMERICA 87
10.4.3 US ACCOUNTS FOR MAXIMUM SHARE OF THE MARINE LUBRICANTS
MARKET IN NORTH AMERICA 87
10.4.3.1 US 88
10.4.3.2 Canada 89
10.4.3.3 Mexico 90
10.5 MIDDLE EAST & AFRICA 91
10.5.1 SYNTHETIC MARINE LUBRICANTS TO BE FASTEST-GROWING SEGMENT
OF THE MARINE LUBRICANTS MARKET IN MIDDLE EAST & AFRICA 91
10.5.2 ENGINE OIL DOMINATES THE MARINE LUBRICANTS MARKET
IN MIDDLE EAST & AFRICA 92
10.5.3 UAE IS THE LARGEST MARINE LUBRICANTS MARKET IN
THE MIDDLE EAST & AFRICA 93
10.5.3.1 UAE 93
10.5.3.2 Saudi Arabia 94
10.5.3.3 South Africa 95
10.6 CENTRAL & SOUTH AMERICA 96
10.6.1 SYNTHETIC MARINE LUBRICANTS TO BE THE FASTEST-GROWING SEGMENT OF THE MARINE LUBRICANTS MARKET IN CENTRAL & SOUTH AMERICA 96
10.6.2 COMPRESSOR OIL TO REGISTER THE HIGHEST CAGR IN THE MARINE LUBRICANTS MARKET IN CENTRAL & SOUTH AMERICA 97
10.6.3 BRAZIL IS THE MAJOR CONSUMER OF MARINE LUBRICANTS IN CENTRAL
& SOUTH AMERICA 97
10.6.3.1 Panama 98
10.6.3.2 Brazil 99
11 COMPETITIVE LANDSCAPE 100
11.1 OVERVIEW 100
11.2 MARKET SHARE ANALYSIS OF KEY PLAYERS 102
11.3 COMPETITIVE SCENARIO 103
11.3.1 EXPANSION 103
11.3.2 NEW PRODUCT LAUNCH 104
11.3.3 CONTRACT & AGREEMENT 105
11.3.4 MERGER & ACQUISITION 105
12 COMPANY PROFILES 106
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
12.1 BP PLC. 106
12.2 CHEVRON CORPORATION 109
12.3 EXXONMOBIL CORPORATION 112
12.4 ROYAL DUTCH SHELL PLC. 115
12.5 TOTAL S.A. 119
12.6 LUKOIL 122
12.7 AEGEAN MARINE PETROLEUM NETWORK INC. 124

12.8 IDEMITSU KOSAN CO., LTD. 126
12.9 INDIAN OIL CORPORATION LTD. 128
12.10 SINOPEC CORPORATION 130
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)
12.11 OTHER COMPANIES 132
12.11.1 AVIN OIL S.A. (GREECE) 132
12.11.2 FUCHS PETROLUB SE (GERMANY) 132
12.11.3 GULF OIL INTERNATIONAL (US) 132
12.11.4 H&R GMBH & CO. KGAA (GERMANY) 132
12.11.5 JX NIPPON OIL & ENERGY CORPORATION (JAPAN) 132
12.11.6 PETRONAS LUBRICANTS INTERNATIONAL (MALAYSIA) 132
12.11.7 QUEPET LUBRICANTS (UAE) 132
12.11.8 STANLEY GROUP (UAE) 133
12.11.9 UNIMARINE LLC (US) 133
12.11.10 VICKERS OIL (UK) 133
12.11.11 WORLD FUEL SERVICE CORPORATION (US) 133
13 APPENDIX 134
13.1 INSIGHTS FROM INDUSTRY EXPERTS 134
13.2 DISCUSSION GUIDE 135
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 138
13.4 AVAILABLE CUSTOMIZATIONS 140
13.5 RELATED REPORTS 140
13.6 AUTHOR DETAILS 141

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