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Global Marine Lubricants Market 2017-2021

Global Marine Lubricants Market 2017-2021

About Marine Lubricants

Marine lubricants are substances that reduce friction and wear at the interface of two materials. It helps in reducing the adhesive friction by lowering the shear strength of interface.

Technavio’s analysts forecast the global marine lubricants market to grow at a CAGR of 2.44% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine lubricants market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Lubricants Market 2017-2021, 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 Corporation
  • ExxonMobil
  • Royal Dutch Shell
  • Total
Other prominent vendors
  • Aegean Marine Petroleum Network
  • Fuchs Petrolub
  • GULF OIL Corporation
  • Idemitsu Kosan
  • Indian Oil Corporation
  • JX Nippon Oil & Energy Corporation
  • Petroliam Nasional Berhad
  • Quepet Lubricants
  • Sinopec Corporation
  • Unimarine
  • Vickers Oil
Market driver
  • Growth and development of shipping industry
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Biorefineries: The future of petroleum
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Lubricants Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine lubricants market: BP, Chevron Corporation, ExxonMobil, Royal Dutch Shell, and Total.

Other Prominent Vendors in the market are: Aegean Marine Petroleum Network, Fuchs Petrolub, GULF OIL Corporation, Idemitsu Kosan, Indian Oil Corporation, JX Nippon Oil & Energy Corporation, Petroliam Nasional Berhad, Quepet Lubricants, Sinopec Corporation, Unimarine, and Vickers Oil.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is biorefineries: the future of petroleum. In recent times, a conscious effort has been made to consider the consequences of fossil fuel depletion. Going by the present consumption pattern, these sources are expected to get exhausted by the next 30 to 40 years. An economy where government policies, multifaceted drivers, and geography dependent decisions will only yield profitable business, bio-products that reduce greenhouse gases (GHG) emissions are preferred.”

According to the report, one of the major drivers for this market is growth and development of shipping industry. Maritime transport is a vital element of the world’s economy as more than 90% of the trade is carried by the sea mode of transport and it is a cost-effective way to transport the goods and raw materials around the world. In 2015, the World Trade Organization (WTO) estimated that the seaborne freight accounted for more than 30% of the world transport.

Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. Marine lubricants are mainly produced from crude oil by fractioning. The mineral oil-based lubricants accounted for more than 80% share of the global marine lubricants market. The oil and gas industry is one of the principal suppliers of raw materials for the global marine lubricants market. The fluctuations in the crude oil prices have a severe effect on the prices of the raw materials, affecting the costs of marine lubricants.

Companies Mentioned

BP, Chevron Corporation, ExxonMobil, Royal Dutch Shell, Total, Aegean Marine Petroleum Network, Fuchs Petrolub, GULF OIL Corporation, Idemitsu Kosan, Indian Oil Corporation, JX Nippon Oil & Energy Corporation, Petroliam Nasional Berhad, Quepet Lubricants, Sinopec Corporation, Unimarine, and Vickers Oil.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Production process of petroleum-based lubricants
  • Market landscape
    • Market size and forecast
      • Table Global marine lubricants market 2016 and 2021 ($ millions)
      • Table Market forecast: Global marine lubricants market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global marine lubricants market by type
      • Table Global marine lubricants market by type 2016
      • Table Global marine lubricants market by type 2021
    • Global mineral oil-based marine lubricants market
      • Table Global mineral oil-based marine lubricants market 2016 and 2021 ($ millions)
      • Table Market forecast: Global mineral oil-based marine lubricants market 2016-2021
    • Global synthetic marine lubricants market
      • Table Global synthetic marine lubricants market 2016 and 2021 ($ millions)
      • Table Market forecast: Global synthetic marine lubricants market 2016-2021
      • Table The types and applications of synthetic marine lubricants
    • Global bio-based marine lubricants market
      • Table Global bio-based marine lubricants market 2016 and 2021 ($ millions)
      • Table Market forecast: Global bio-based marine lubricants market 2016-2021
  • Market segmentation by application
    • Global marine lubricants market by application
      • Table Global marine lubricants market by application 2016
      • Table Global marine lubricants market by application 2021
    • Global marine lubricants market for engine oil application
      • Table Global marine lubricants market for engine oil application 2016 and 2021 ($ millions)
      • Table Market forecast: Global marine lubricants market for engine oil application 2016-2021
    • Global marine lubricants market for hydraulic oil application
      • Table Global marine lubricants market for hydraulic oil application 2016 and 2021 ($millions)
      • Table Market forecast: Global marine lubricants market for hydraulic oil application 2016-2021
    • Global marine lubricants market for grease application
      • Table Global marine lubricants market for grease application 2016 and 2021 ($ millions)
      • Table Market forecast: Global marine lubricants market for grease application 2016-2021
    • Global marine lubricants market for other applications
      • Table Global marine lubricants market for other applications 2016 and 2021 ($ millions)
      • Table Market forecast: Global marine lubricants market for other applications 2016-2021
  • Geographical segmentation
    • Global marine lubricants market by geography
      • Table Global marine lubricants market by geography 2016
      • Table Global marine lubricants market by geography 2021
    • Marine lubricants market in APAC
      • Table Marine lubricants market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Marine lubricants market in APAC 2016-2021
    • Marine lubricants market in EMEA
      • Table Marine lubricants market in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: Marine lubricants market in EMEA 2016-2021
    • Marine lubricants market in Americas
      • Table Marine lubricants market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Marine lubricants market in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table International seaborne trade 2010-2015 (million metric tons loaded)
      • Table Bio-based marine lubricants production process
    • Impact of drivers in key regions
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges in key regions
      • Table Impact of challenges
  • Market trends
    • Biorefineries: The future of petroleum
      • Table Applications of biomass
    • Increase in naval expenditures
    • Reduction in group I base oil production
  • Vendor landscape
    • Competitive landscape
    • Major market vendors
      • Table Global marine lubricants major vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation by revenue 2016
      • Table BP: Geographical segmentation by revenue 2015
    • Chevron Corporation
      • Table BP: Business segmentation by revenue 2016
      • Table BP: Geographical segmentation by revenue 2016
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2016
      • Table ExxonMobil: Geographical segmentation by revenue 2016
    • Royal Dutch Shell
      • Table Royal Dutch Shell: Business segmentation by revenue 2016
      • Table Royal Dutch Shell: Geographical segmentation by revenue 2016
    • Total
      • Table Total: Business segmentation by revenue 2016
      • Table Total: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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