Marine Lubricants Market

Marine Lubricants Market Analysis By Oil Type (Oil-based, Synthetic, Bio-based), By Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil), By Region - Global Forecast 2022-2032

Analysis of Marine Lubricants market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Marine Lubricants Market Outlook (2022-2032)

Marine lubricants consumption across the world is valued at US$ 6.1 billion, and is forecast to exceed US$ 7.1 billion by 2032, increasing at a CAGR of 1.5%.

Report Attributes

Details

Marine Lubricants Market Size (2021A)

US$ 6 Billion

Estimated Market Value (2022E)

US$ 6.1 Billion

Forecasted Market Value (2032F)

US$ 7.1 Billion

Global Market Growth Rate (2022-2032)

1.5% CAGR

North America Market Share (2021)

~31%

North America Growth Rate (2022-2032)

~1.6% CAGR

U.S. Growth Rate (2022-2032)

~1.7% CAGR

Market Share of Top 5 Companies

~13.1%

Key Companies Profiled
  • Exxon Mobil Corporation
  • Royal Dutch Shell Inc.
  • Chevron Corporation
  • BP p.l.c
  • Croda International Plc
  • The PJSC Lukoil Company
  • Repsol S.A
  • Avinoil S.A.
  • CEPSA
  • SINOPEC
  • Gazprom Neft PJSC
  • ENEOS Corporation
  • FUCHS

Growth in the shipping industry and rising seaborne international trade are likely to support demand growth in global marine lubricants market over the coming years.

Marine lubricant sales accounted for ~4% share in the global lubricant market in 2021. The global market for marine lubricants is poised to generate US$ 1 billion in terms of absolute dollar opportunity during 2022-2032.

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Marine Lubricant Consumption Analysis (2017-2021) Vs. Industry Outlook (2022-2032)

In earlier years, the marine lubricant industry endeavored the use of additives that included heavy metals such as antimony and lead to achieve high-load capability at low cost. However, recently, the industry has shifted from the use of such additives to environment-friendly additives. This shift is a green signal for the growth of the marine oils market.

Furthermore, rising shipping industry due to enhancement of global seaborne international trade has increased demand for marine lubricants having high efficiency and low emission capacity, helping to grow the marine lubricant industry by 1.2X.

Additionally, stringent government regulations regarding limited use of sulphur and nitrogen in automotive lubricants provide attention to bio-based lubricants, which further helps heighten the growth of marine lubricant engines. Also, adoption of four-stroke engines in the marine industry, which require highly efficient lubricants, will drive demand for marine lubricants.

Fact.MR projects the global marine lubricant market to witness 1.5% CAGR between 2022 and 2032 in comparison to 1.2% from 2017 to 2021.

How is Demand for Marine Lubricants Being Driven?

“Rising Seaborne International Trade Due to Rapid Globalization”

International trading through sea accounts for roughly 30% of worldwide transportation. Due to this, demand for environmental-friendly marine lubricants with high efficiency for two-stroke and four-stroke engines is rising.

Additionally, rising trade of bulk merchandise, such as industrial products, consumer goods, oils, and agricultural goods across the world has increased the use of marine transportation. Use of large ships for trading has amplified over the past few years, leading to higher demand for marine lubricants.

Growing tourism sector has driven rising demand for cruise ships, favoring product demand. Mounting investments by major market players and governments in the tourism industry will push demand growth of marine grease and oils.

“Enhanced Fuel Efficiency Coupled with Low-Cost Operations”

Marine lubricants form an essential part of the maritime supply chain, and stringent regulations imposed by International Maritime Organization (IMO) are anticipated to enhance the consumption of marine lubricants in future years.

However, with augmented fuel prices, shippers are likely to operate engines at slow streaming levels to save fuel. This could advance corrosion concerns in engines and strain the components and systems, as the engines are not capable of operating continuously at reduced rates.

Therefore, in order to ensure the proper safety and functioning of these engines, global demand for marine lubrication is likely to increase during the forecast years of 2022-2032.

Marine lubricant market forecast by Fact.MR

Region-wise Analysis

Which Region Accounts for Highest Demand for Marine Lubricants?

“North America Marine Lubricant Market Leads the Way”

Rapid industrial growth and rising international trade activities, together with increasing adoption of seaborne trade, drives marine lubricants market growth in North America. The North American marine lubricants market is anticipated to dominate the global market by accounting for 31.2% market share in 2022.

Also, growing intra and intercostal seaborne networks with completely combined waterways are anticipated to upsurge the requirement for carriage ships that are mostly used to ship materials, goods, and raw materials, which will spur demand growth of marine oils in the North American region during assessment period.

How is the Asia Pacific Marine Lubricant Market Progressing?

“East Asia Market Lucrative, Led by China and Japan”

The Asia Pacific marine lubricants market holds 29.6% of the global market share in 2022. Deep-dive into different economies unveils that East Asia occupies 67.1% of the Asia Pacific market however South Asia & Oceania offer a recessive market, and occupies 32.9% of Asia Pacific.

This difference is owed to increasing industrialization in Japan and China. Boosted trade value is another key contributor to the dominance of East Asia in the Asia Pacific regional market.

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Country-wise Analysis

How is Demand for Marine Lubricants Shaping Up in the U.S.?

“Demand for Bio-lubricants to Rise Faster”

The United States marine lubricants market accounts for the largest market share, i.e., 27.5% in 2022. The U.S. market is also projected to grow the fastest and register a CAGR of 1.7% during the forecast years.

Enhanced focus of manufacturers in the lubricant market operational in the region on promoting and introducing bio-lubricants for the marine industry is anticipated to boost market growth over the forecast period. Strict regulations on the use of ecologically accepted lubricants owing to growing worries of marine pollution in the United State is foreseen to offer market openings for bio-lubricants over the coming years.

Category-wise Analysis

Which Oil Type Holds Dominance in the Marine Lubricants Market?

“Synthetic Marine Oil Gaining More Popularity”

The marine lubricant market under oil type is segmented into oil-based, synthetic, and bio-based marine lubricants. The synthetic marine lubricants segment dominates the market with 51.1% of the overall market share, and is projected to register a CAGR of 1.6% over the forecast period.

This high market share is due to its high efficiency under low or high temperatures, environment-friendly nature, and durability in water. Additionally, with rising government demand for the reduction of sulphur and nitrogen emissions, sales of synthetic marine oil is rising faster as compared to other variants.

Which Product Type Will Bring in Decent Sales for Market Players?

“Sales of Engine Oil & Hydraulic Fluid to Increase”

Engine oil holds 43.5% of the market share in 2022. This high market share is due to its capacity for engine sealing and cleaning power.

Hydraulic fluid is anticipated to gain rapid traction over the forecast period and grow 1.2X in demand by 2032, followed closely by compressor oil.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competition Landscape

Key manufacturers of marine lubricants are BP p.l.c, Royal Dutch Shell Plc, Chevron Corporation, Exxon Mobil Corporation, Croda International Plc, Repsol S.A, SINOPEC, and CEPSA.

Leading manufacturers are involved in product improvement and innovation such as efficiency, viscosity, safety, low emission, etc., of marine lubricants.

Apart from this, marine lubricant manufacturers are also resorting to collaborations with ship manufacturers. This strategy helps them enhance their global footprint.

  • Seplat Energy Plc, in 2022, entered into an agreement to acquire Mobil Producing Nigeria Unlimited from Exxon Mobile Corporation. This transaction will create the largest independent energy companies on both, the London Stock Exchange and Nigerian Stock Exchange, and will drive enhanced growth and profitability over the coming years.
  • Chevron Corporation, in 2021, signed an agreement to acquire Neste’s global base oil business.

Fact.MR has provided thorough data about the price points of top marine lubricant manufacturers placed across regions, in addition to providing information on sales growth, speculative production expansion, and production capacity, in the recently published report.

Marine Lubricant Industry Analysis by Category

  • Marine Lubricant Market by Oil Type :

    • Oil-based Marine Lubricants
    • Synthetic Marine Lubricants
    • Bio-based Marine Lubricants

  • Marine Lubricant Market by Product Type :

    • Engine Oil
    • Hydraulic Fluid
    • Compressor Oil
    • Other Product Types

  • Marine Lubricant Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Table of Content

Executive Summary


    
	
  • Global Market Outlook
    • 
	
  • Demand-side Trends
    • 
	
  • Supply-side Trends
    • 
	
  • Technology Roadmap Analysis
    • 
	
  • Analysis and Recommendations
    • 



1. Market Overview

    1.1. Market Coverage / Taxonomy

    1.2. Market Definition / Scope / Limitations

2. Key Market Trends

    2.1. Key Trends Impacting the Market

    2.2. Product Innovation / Development Trends

3. Market Background

    3.1. Global Lubricants Market Overview

    3.2. Global Marine Lubricant Market Outlook

    3.3. Marine Lubricant Production Capacity

    3.4. Actual Production and Demand Supply Gap Analysis

    3.5. Scenario Forecast

        3.5.1. Demand in Optimistic Scenario

        3.5.2. Demand in Likely Scenario

        3.5.3. Demand in Conservative Scenario

    3.6. Macro-Economic Factors

    3.7. Forecast Factors - Relevance & Impact

    3.8. Opportunity Assessment 

        3.8.1. Total Available Market

        3.8.2. Service Addressable Market

        3.8.3. Service Obtainable Market

    3.9. Market Dynamics

        3.9.1. Drivers

        3.9.2. Restraints

        3.9.3. Opportunity 

        3.9.4. Trends

    3.10. Investment Feasibility Matrix

    3.11. PESTLE Analysis & Porter’s Five Forces Assessment 

4. Value Chain Analysis

    4.1. Operating Margins (at each node of value chain)

    4.2. Key Manufacturers / Processors

    4.3. Key Product Manufacturers (finished product)

    4.4. End-use Industry 

5. Global Marine Lubricant Market Volume 2017-2021 Analysis and Forecast, 2022-2032

    5.1. Historical Market Volume (Tons) Analysis, 2017-2021

    5.2. Current and Future Market Volume (Tons) Projections, 2022-2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Marine Lubricant Market - Pricing Analysis

    6.1. Regional Pricing Analysis (USD/Ton) By Oil Type, 2022

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Global Marine Lubricant Market Value 2017-2021 Analysis and Forecast, 2022-2032

    7.1. Historical Market Value (USD Billion) Analysis, 2017-2021

    7.2. Current and Future Market Value (USD Billion) Projections, 2022-2032

    7.3. Y-o-Y Growth Trend Analysis

8. Global Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032, By Oil Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (USD Billion) and Volume (Tons) Analysis By Oil Type, 2017-2021

    8.3. Current and Future Market Size (USD Billion) and Volume (Tons) Analysis and Forecast By Oil Type, 2022-2032

        8.3.1. Oil-based

        8.3.2. Synthetic

        8.3.3. Bio-based

    8.4. Market Attractiveness Analysis By Oil Type

9. Global Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032, By Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (USD Billion) and Volume (Tons) Analysis By Product Type, 2017-2021

    9.3. Current and Future Market Size (USD Billion) and Volume (Tons) Analysis and Forecast By Product Type, 2022-2032

        9.3.1. Engine Oil

        9.3.2. Hydraulic Fluid

        9.3.3. Compressor Oil

        9.3.4. Other Product Types

    9.4. Market Attractiveness Analysis By Product Type

10. Global Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032, By Region

    10.1. Introduction

    10.2. Historical Market Size (USD Billion) and Volume (Tons) Analysis By Region, 2017-2021

    10.3. Current and Future Market Size (USD Billion) and Volume (Tons) Analysis and Forecast By Region, 2022-2032

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia & Oceania

        10.3.6. Middle East and Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    11.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        11.2.1.  By Country

            11.2.1.1. U.S.

            11.2.1.2. Canada

        11.2.2. By Oil Type

        11.2.3. By Product Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Oil Type

        11.3.3. By Product Type

    11.4. Key Takeaways

12. Latin America Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    12.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Argentina

            12.2.1.4. Chile

            12.2.1.5. Peru

            12.2.1.6. Rest of Latin America

        12.2.2. By Oil Type

        12.2.3. By Product Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Oil Type

        12.3.3. By Product Type

    12.4. Key Takeaways

13. Europe Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    13.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        13.2.1.  By Country

            13.2.1.1. Germany

            13.2.1.2. Italy

            13.2.1.3. France

            13.2.1.4. U.K.

            13.2.1.5. Spain

            13.2.1.6. Russia

            13.2.1.7. BENELUX

            13.2.1.8. Rest of Europe

        13.2.2. By Oil Type

        13.2.3. By Product Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Oil Type

        13.3.3. By Product Type

    13.4. Key Takeaways

14. East Asia Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    14.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    14.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        14.2.1.  By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Oil Type

        14.2.3. By Product Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Oil Type

        14.3.3. By Product Type

    14.4. Key Takeaways

15. South Asia & Oceania Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    15.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    15.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        15.2.1.  By Country

            15.2.1.1. India

            15.2.1.2. Thailand

            15.2.1.3. Malaysia

            15.2.1.4. Indonesia

            15.2.1.5. Rest of South Asia & Oceania

        15.2.2. By Oil Type

        15.2.3. By Product Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Oil Type

        15.3.3. By Product Type

    15.4. Key Takeaways

16. Middle East and Africa Marine Lubricant Market 2017-2021 Analysis and Forecast 2022-2032

    16.1. Historical Market Size (USD Billion) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    16.2. Market Size (USD Billion) and Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        16.2.1.  By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Turkey

            16.2.1.4. Rest of Middle East and Africa

        16.2.2. By Oil Type

        16.2.3. By Product Type

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Oil Type

        16.3.3. By Product Type

    16.4. Key Takeaways

17. Key Countries Marine Lubricant Market Analysis 2017-2021 Analysis and Forecast 2022-2032

    17.1. U.S. Marine Lubricant Market Analysis

        17.1.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.1.1.1. By Oil Type

            17.1.1.2. By Product Type

    17.2. Canada Marine Lubricant Market Analysis

        17.2.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.2.1.1. By Oil Type

            17.2.1.2. By Product Type

    17.3. Brazil Marine Lubricant Market Analysis

        17.3.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.3.1.1. By Oil Type

            17.3.1.2. By Product Type

    17.4. Mexico Marine Lubricant Market Analysis

        17.4.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.4.1.1. By Oil Type

            17.4.1.2. By Product Type

    17.5. Chile Marine Lubricant Market Analysis

        17.5.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.5.1.1. By Oil Type

            17.5.1.2. By Product Type

    17.6. Peru Marine Lubricant Market Analysis

        17.6.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.6.1.1. By Oil Type

            17.6.1.2. By Product Type

    17.7. Argentina Marine Lubricant Market Analysis

        17.7.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.7.1.1. By Oil Type

            17.7.1.2. By Product Type

    17.8. Rest of Latin America Marine Lubricant Market Analysis

        17.8.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.8.1.1. By Oil Type

            17.8.1.2. By Product Type

    17.9. Germany Marine Lubricant Market Analysis

        17.9.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.9.1.1. By Oil Type

            17.9.1.2. By Product Type

    17.10. Italy Marine Lubricant Market Analysis

        17.10.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.10.1.1. By Oil Type

            17.10.1.2. By Product Type

    17.11. Russia Marine Lubricant Market Analysis

        17.11.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.11.1.1. By Oil Type

            17.11.1.2. By Product Type

    17.12. BENELUX Marine Lubricant Market Analysis

        17.12.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.12.1.1. By Oil Type

            17.12.1.2. By Product Type

    17.13. UK Marine Lubricant Market Analysis

        17.13.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.13.1.1. By Oil Type

            17.13.1.2. By Product Type

    17.14. France Marine Lubricant Market Analysis

        17.14.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.14.1.1. By Oil Type

            17.14.1.2. By Product Type

    17.15. Spain Marine Lubricant Market Analysis

        17.15.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.15.1.1. By Oil Type

            17.15.1.2. By Product Type

    17.16. Nordic Marine Lubricant Market Analysis

        17.16.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.16.1.1. By Oil Type

            17.16.1.2. By Product Type

    17.17. Rest Of Europe Marine Lubricant Market Analysis

        17.17.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.17.1.1. By Oil Type

            17.17.1.2. By Product Type

    17.18. China Marine Lubricant Market Analysis

        17.18.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.18.1.1. By Oil Type

            17.18.1.2. By Product Type

    17.19. Japan Marine Lubricant Market Analysis

        17.19.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.19.1.1. By Oil Type

            17.19.1.2. By Product Type

    17.20. South Korea Marine Lubricant Market Analysis

        17.20.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.20.1.1. By Oil Type

            17.20.1.2. By Product Type

    17.21. Malaysia Marine Lubricant Market Analysis

        17.21.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.21.1.1. By Oil Type

            17.21.1.2. By Product Type

    17.22. India Marine Lubricant Market Analysis

        17.22.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.22.1.1. By Oil Type

            17.22.1.2. By Product Type

    17.23. Thailand Marine Lubricant Market Analysis

        17.23.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.23.1.1. By Oil Type

            17.23.1.2. By Product Type

    17.24. Indonesia Marine Lubricant Market Analysis

        17.24.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.24.1.1. By Oil Type

            17.24.1.2. By Product Type

    17.25. Rest Of South Asia Marine Lubricant Market Analysis

        17.25.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.25.1.1. By Oil Type

            17.25.1.2. By Product Type

    17.26. Australia Marine Lubricant Market Analysis

        17.26.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.26.1.1. By Oil Type

            17.26.1.2. By Product Type

    17.27. New Zealand Marine Lubricant Market Analysis

        17.27.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.27.1.1. By Oil Type

            17.27.1.2. By Product Type

    17.28. GCC Countries Marine Lubricant Market Analysis

        17.28.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.28.1.1. By Oil Type

            17.28.1.2. By Product Type

    17.29. South Africa Marine Lubricant Market Analysis

        17.29.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.29.1.1. By Oil Type

            17.29.1.2. By Product Type

    17.30. Northern Africa Marine Lubricant Market Analysis

        17.30.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.30.1.1. By Oil Type

            17.30.1.2. By Product Type

    17.31. Turkey Marine Lubricant Market Analysis

        17.31.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.31.1.1. By Oil Type

            17.31.1.2. By Product Type

    17.32. Rest Of Middle East & Africa Marine Lubricant Market Analysis

        17.32.1. Market Value (USD Billion) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            17.32.1.1. By Oil Type

            17.32.1.2. By Product Type

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Oil Type

        18.3.2. By Product Type

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. Exxon Mobil Corporation

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                    19.1.1.5.1.1. Marketing Strategy

                    19.1.1.5.1.2. Product Strategy

                    19.1.1.5.1.3. Channel Strategy

        19.1.2. Royal Dutch Shell Inc.

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                    19.1.2.5.1.1. Marketing Strategy

                    19.1.2.5.1.2. Product Strategy

                    19.1.2.5.1.3. Channel Strategy

        19.1.3. Chevron Corporation

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                    19.1.3.5.1.1. Marketing Strategy

                    19.1.3.5.1.2. Product Strategy

                    19.1.3.5.1.3. Channel Strategy

        19.1.4. BP p.l.c

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                    19.1.4.5.1.1. Marketing Strategy

                    19.1.4.5.1.2. Product Strategy

                    19.1.4.5.1.3. Channel Strategy

        19.1.5. Croda International Plc

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                    19.1.5.5.1.1. Marketing Strategy

                    19.1.5.5.1.2. Product Strategy

                    19.1.5.5.1.3. Channel Strategy

        19.1.6. The PJSC Lukoil Company

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                    19.1.6.5.1.1. Marketing Strategy

                    19.1.6.5.1.2. Product Strategy

                    19.1.6.5.1.3. Channel Strategy

        19.1.7. Repsol S.A

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                    19.1.7.5.1.1. Marketing Strategy

                    19.1.7.5.1.2. Product Strategy

                    19.1.7.5.1.3. Channel Strategy

        19.1.8. Avinoil S.A.

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                    19.1.8.5.1.1. Marketing Strategy

                    19.1.8.5.1.2. Product Strategy

                    19.1.8.5.1.3. Channel Strategy

        19.1.9. CEPSA

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                    19.1.9.5.1.1. Marketing Strategy

                    19.1.9.5.1.2. Product Strategy

                    19.1.9.5.1.3. Channel Strategy

        19.1.10. SINOPEC

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                    19.1.10.5.1.1. Marketing Strategy

                    19.1.10.5.1.2. Product Strategy

                    19.1.10.5.1.3. Channel Strategy

        19.1.11. Gazprom Neft PJSC

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                    19.1.11.5.1.1. Marketing Strategy

                    19.1.11.5.1.2. Product Strategy

                    19.1.11.5.1.3. Channel Strategy

        19.1.12. ENEOS Corporation

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                    19.1.12.5.1.1. Marketing Strategy

                    19.1.12.5.1.2. Product Strategy

                    19.1.12.5.1.3. Channel Strategy

        19.1.13. FUCHS

            19.1.13.1. Overview

            19.1.13.2. Product Portfolio

            19.1.13.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            19.1.13.4. Sales Footprint

            19.1.13.5. Strategy Overview

                    19.1.13.5.1.1. Marketing Strategy

                    19.1.13.5.1.2. Product Strategy

                    19.1.13.5.1.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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List Of Table

Table 01: Global Marine Lubricant Market Value (USD Billion) and Forecast by Region, 2017-2021 

Table 02: Global Marine Lubricant Market Value (USD Billion) and Forecast by Region, 2022-2032

Table 03: Global Marine Lubricant Market Volume (Tons) and Forecast by Region, 2017-2021 

Table 04: Global Marine Lubricant Market Volume (Tons) and Forecast by Region, 2022-2032

Table 05: Global Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 06: Global Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 07: Global Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 08: Global Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 09: Global Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 10: Global Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 11: Global Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 12: Global Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 13: North America Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 14: North America Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 15: North America Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 16: North America Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 17: North America Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 18: North America Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 19: North America Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 20: North America Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 21: North America Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 22: North America Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 23: North America Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 24: North America Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 25: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 26: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 27: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 28: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 29: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 30: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 31: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 32: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 33: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 34: Latin America Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 35: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 36: Latin America Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 37: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 38: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 39: Europe Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 40: Europe Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 41: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 42: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 43: Europe Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 44: Europe Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 45: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 46: Europe Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 47: Europe Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 48: Europe Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 49: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 50: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 51: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 52: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 53: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 54: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 55: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 56: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 57: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 58: East Asia Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 59: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 60: East Asia Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 61: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 62: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 63: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 64: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 65: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 66: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 67: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 68: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 69: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 70: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 71: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 72: South Asia and Oceania Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

Table 73: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2017-2021 

Table 74: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Country, 2022-2032

Table 75: MEA Marine Lubricant Market Volume (Tons) and Forecast by Country, 2017-2021 

Table 76: MEA Marine Lubricant Market Volume (Tons) and Forecast by Country, 2022-2032

Table 77: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2017-2021 

Table 78: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Oil Type, 2022-2032

Table 79: MEA Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2017-2021 

Table 80: MEA Marine Lubricant Market Volume (Tons) and Forecast by Oil Type, 2022-2032

Table 81: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2017-2021 

Table 82: MEA Marine Lubricant Market Value (USD Billion) and Forecast by Product Type, 2022-2032

Table 83: MEA Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2017-2021 

Table 84: MEA Marine Lubricant Market Volume (Tons) and Forecast by Product Type, 2022-2032

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List Of Figures

Figure 01: Global Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 02: Global Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 03: Global Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Region, 2022 & 2032

Figure 04: Global Marine Lubricant Market Y-o-Y Growth Rate by Region, 2022-2032

Figure 05: Global Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 06: Global Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 07: Global Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 08: Global Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 09: North America Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 10: North America Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 11: North America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 12: North America Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 13: North America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 14: North America Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 15: North America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 16: North America Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 17: North America Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 18: North America Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 19: North America Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

Figure 20: Latin America Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 21: Latin America Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 22: Latin America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 23: Latin America Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 24: Latin America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 25: Latin America Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 26: Latin America Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 27: Latin America Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 28: Latin America Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 29: Latin America Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 30: Latin America Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

Figure 31: Europe Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 32: Europe Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 33: Europe Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 34: Europe Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 35: Europe Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 36: Europe Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 37: Europe Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 38: Europe Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 39: Europe Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 40: Europe Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 41: Europe Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

Figure 42: East Asia Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 43: East Asia Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 44: East Asia Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 45: East Asia Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 46: East Asia Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 47: East Asia Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 48: East Asia Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 49: East Asia Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 50: East Asia Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 51: East Asia Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 52: East Asia Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

Figure 53: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Volume (Tons) Forecast, 2022-2032

Figure 54: South Asia and Oceania Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 55: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 56: South Asia and Oceania Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 57: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 58: South Asia and Oceania Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 59: South Asia and Oceania Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 60: South Asia and Oceania Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 61: South Asia and Oceania Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 62: South Asia and Oceania Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 63: South Asia and Oceania Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

Figure 64: MEA Marine Lubricant Market Absolute $ Opportunity (USD Billion), 2022-2032

Figure 65: MEA Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032

Figure 66: MEA Marine Lubricant Market Y-o-Y Growth Rate by Country, 2022-2032

Figure 67: MEA Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Oil Type, 2022 & 2032

Figure 68: MEA Marine Lubricant Market Y-o-Y Growth Rate by Oil Type, 2022-2032

Figure 69: MEA Marine Lubricant Market Value (USD Billion) and Volume (Tons) by Product Type, 2022 & 2032

Figure 70: MEA Marine Lubricant Market Y-o-Y Growth Rate by Product Type, 2022-2032

Figure 71: MEA Marine Lubricant Market Attractiveness Analysis by Country, 2022-2032

Figure 72: MEA Marine Lubricant Market Attractiveness Analysis by Oil Type, 2022-2032

Figure 73: MEA Marine Lubricant Market Attractiveness Analysis by Product Type, 2022-2032

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- FAQs -

What is the revenue from the global marine lubricant market?

The global marine lubricant market is valued at US$ 6.1 billion in 2022.

How is the market expected to perform over the forecasted period?

Consumption of marine lubricants is anticipated to surpass US$ 7.1 billion by 2032.

At what rate did demand for marine lubricant increase till 2021?

From 2017 to 2021, the global marine lubricant market grew at 1.2% CAGR.

Which companies are prominent manufacturers of marine lubricants?

Well-known marine lubricant suppliers are Royal Dutch Shell Inc., Chevron Corporation, BP p.l.c, Croda International Plc, and The PJSC Lukoil Company.

Which region leads the global marine lubricant market?

North America accounts for 31.2% share of the global market for marine oils in 2022.

Which oil contributes to the highest sales of marine lubricants?

Synthetic oil is the most preferred type and is expected to contribute 51.1% market share in the global marine lubricants industry.

Marine Lubricants Market

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