Market Research Logo

Global Marine Grease Market 2018-2022

Global Marine Grease Market 2018-2022

About Marine Grease

Marine grease is a semi-solid material, commonly used to increase the output efficiency of the engine, equipment, and other components by reducing the friction between the revolving mechanical parts. It is extensively used in the maritime industry due to its high working proficiency in high-temperature and high-pressure conditions.

Technavio’s analysts forecast the global marine grease market to grow at a CAGR of 4.53% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine grease market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Grease Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • Chevron
  • Exxon Mobil
  • Gulf Oil Marine
  • Royal Dutch Shell
  • Total
Market driver
  • Growth of the shipbuilding industry
  • For a full, detailed list, view our report
Market challenge
  • Volatility in the price of raw materials
  • For a full, detailed list, view our report
Market trend
  • Regulations on emission levels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Grease Market 2018-2022

Technavio recognizes the following companies as the key players in the global marine grease market: BP, Chevron, Exxon Mobil, Gulf Oil Marine, Royal Dutch Shell, and Total.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is regulations on emission levels. The maritime transport industry is the biggest end-user of marine grease. There has been a sharp decline in shipping operations, and the environmental regulations regarding international maritime have become more stringent. The International Maritime Organization (IMO) introduced the Energy Efficiency Design Index (EEDI) in 2011 for all the new ships that have been contracted from 2013.”

According to the report, one driver in the market is growth of the shipbuilding industry. The shipbuilding industry is the key consumer of the global marine grease market. The growth of the shipbuilding business was very low till 2010, following which it exhibited rapid growth primarily because of the growth of the global foreign direct investment (FDI) flows, seaborne trade, and expansion of businesses of multinational companies. The production of new ships and increase in the repair and maintenance of old ships will act as a driving factor for the global marine grease market.

Further, the report states that one challenge in the market is volatility in the price of raw materials. Marine lubricants are largely produced using crude oil by the fractioning process. The mineral oil-based lubricants accounted for approximately 80% share of the marine lubricants market. Marine grease is one of the important segments of the marine lubricants market. The oil and gas industry is one of the principal suppliers of raw materials for the global marine grease market. The instabilities in the price of crude oil have an adverse effect on the price of the raw materials, affecting the costs of marine grease products.

Companies Mentioned

BP, Chevron, Exxon Mobil, Gulf Oil Marine, Royal Dutch Shell, and Total.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global marine grease market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global marine grease market - Market size and forecast 2017-2022 ($ million)
      • Table Global marine grease market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Bulk carriers and cargo ships - Market size and forecast 2017-2022
      • Table Bulk carriers and cargo ships - Market size and forecast 2017-2022 ($ mn)
      • Table Bulk carriers and cargo ships - Year-over-year growth 2018-2022 (%)
    • Passenger ships - Market size and forecast 2017-2022
      • Table Passenger ships - Market size and forecast 2017-2022 ($ mn)
      • Table Passenger ships - Year-over-year growth 2018-2022 (%)
    • Tankers - Market size and forecast 2017-2022
      • Table Tankers - Market size and forecast 2017-2022 ($ mn)
      • Table Tankers - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global marine grease market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global shipbuilding market 2016-2021 ($ billions)
      • Table International seaborne trade by volume 2011-2016 (million metric tons)
    • Market challenges
  • Market trends
    • Regulations on emission levels
    • Increasing demand from APAC
    • Rising popularity of bio-based grease
      • Table Bio-based marine greases production process
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
      • Table Key vendors in the global marine grease market
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BP
      • Table BP: Vendor overview
      • Table BP - Business segments
      • Table BP - Organizational developments
      • Table BP - Geographical focus
      • Table BP - Segment focus
      • Table BP - Key offerings
      • Table BP - Key customers
    • Chevron
      • Table Chevron: Vendor overview
      • Table Chevron - Business segments
      • Table Chevron - Organizational developments
      • Table Chevron - Geographical focus
      • Table Chevron - Segment focus
      • Table Chevron - Key offerings
      • Table Chevron - Key customers
    • Exxon Mobil
      • Table Exxon Mobil: Vendor overview
      • Table Exxon Mobil - Business segments
      • Table Exxon Mobil - Organizational developments
      • Table Exxon Mobil - Geographical focus
      • Table Exxon Mobil - Segment focus
      • Table Exxon Mobil - Key offerings
    • Gulf Oil Marine
      • Table Gulf Oil Marine: Vendor overview
      • Table Gulf Oil Marine - Key offerings
      • Table Gulf Oil Marine - Key customers
    • Royal Dutch Shell
      • Table Royal Dutch Shell: Vendor overview
      • Table Royal Dutch Shell- Business segments
      • Table Royal Dutch Shell - Organizational developments
      • Table Royal Dutch Shell - Geographical focus
      • Table Royal Dutch Shell - Segment focus
      • Table Royal Dutch Shell - Key offerings
    • Total
      • Table Total: Vendor overview
      • Table Total - Business segments
      • Table Total - Organizational developments
      • Table Total - Geographical focus
      • Table Total - Segment focus
      • Table Total - Key offerings
      • Table Total - Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report