Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global marine grease market size reached US$ 359.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 464.1 Million by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Marine grease is a semi-solid lubricant with jelly-like consistency used for protecting marine vessels from corrosion, wear and tear and water washout by maintaining an oil film to prevent metal-to-metal contact between the cylinder liner and piston rings. It facilitates siding and rolling motion and is manufactured by blending mineral oils with asphaltic oils and soap or bio-based materials. Some commonly used marine greases include engine, hydraulic, compressors, slideways, gear, heat transfer and turbine oils. They are hydrophobic in nature and exhibit various advantageous properties, such as high viscosity index, thermal resistance and minimal rusting and oxidation. They also act as sealants to prevent water from entering the vessels. As a result, they are widely used in bulker, tanker, container and passenger ships, along with service, special purpose and offshore vessels.

Marine Grease Market Trends:
Significant growth in the shipping industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing international trade activities and the development of new waterways are providing a thrust to the market growth. Marine greases are widely used for maintaining the efficiency of the vessels. They offer a wider temperature range, high mechanical and thermal stability, corrosion protection and longer lubrication intervals. In line with this, the increasing requirement for high engine performance and protection is also resulting in the widespread adoption of marine cylinder oils. Additionally, various product innovations, such as the development of bio-based and environment-friendly marine lubricants, are acting as other growth-inducing factors. These novel variants are manufactured using renewable and non-bio accumulative materials with low sulfur levels. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting marine trade activities, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global marine grease market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on thicker type and end use.

Breakup by Thicker Type:

Lithium Complex

Breakup by End Use:

Bulk Carrier and Cargo Ship
Passenger Ships

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BP p.l.c., Chevron Corporation, ENEOS Corporation, Gulf Oil Marine Ltd, Idemitsu Kosan Co. Ltd., Lucas Oil Products Inc, Lukoil Marine Lubricants DMCC, Penrite Oil, Royal Dutch Shell plc, TotalEnergies SE and Warren Oil Company LLC.

Key Questions Answered in This Report:
How has the global marine grease market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global marine grease market?
What are the key regional markets?
What is the breakup of the market based on the thicker type?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global marine grease market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Marine Grease Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Thicker Type
6.1 Lithium Complex
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Calcium
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use
7.1 Bulk Carrier and Cargo Ship
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passenger Ships
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Tankers
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2 Asia-Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3 Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4 Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 BP p.l.c. Company Overview Product Portfolio Financials SWOT Analysis
13.3.2 Chevron Corporation Company Overview Product Portfolio Financials SWOT Analysis
13.3.3 ENEOS Corporation Company Overview Product Portfolio
13.3.4 Gulf Oil Marine Ltd Company Overview Product Portfolio
13.3.5 Idemitsu Kosan Co. Ltd. Company Overview Product Portfolio Financials SWOT Analysis
13.3.6 Lucas Oil Products Inc Company Overview Product Portfolio
13.3.7 Lukoil Marine Lubricants DMCC Company Overview Product Portfolio
13.3.8 Penrite Oil Company Overview Product Portfolio
13.3.9 Royal Dutch Shell plc Company Overview Product Portfolio Financials
13.3.10 TotalEnergies SE Company Overview Product Portfolio Financials SWOT Analysis
13.3.11 Warren Oil Company LLC Company Overview Product Portfolio

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