Marine Lubricants Market Analysis By Product (Mineral, Synthetic, Bio-Based), By Application (Engine Oil, Hydraulic Oil, Grease) And Segment Forecasts To 2020

Published: Nov, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global marine lubricant market is expected to reach USD 10.94 billion by 2020. Growth of global cargo fleets is expected to remain a key driving factor for the global marine lubricants market. Growth of global shipping industry on account of growing number of voyages is also expected to propel the growth of marine lubricants. Volatile raw material prices and stringent regulatory scenario across various major regions is expected to remain key challenges for market participants.

Mineral oil was the largest product segment and accounted for 88% of the total market demand in 2013. Cheap and easy availability of mineral oils along with increasing investments for R&D have been the major factors responsible for the growth of the market over the last few years. Mineral oil is also anticipated to experience highest growth rate over the next six years. The segment is expected to grow at an estimated CAGR of 3.6% from 2014 to 2020.

Further key findings from the study suggest:

Global marine lubricant market volume was 2,428.7 kilo tons in 2013 and is estimated to grow at a CAGR of 3.6% from 2014 to 2020.
Engine oil emerged as the leading application segment and accounted for 46.3% of total market volume in 2013. Increasing engine capacities and efficiency in ships is expected to drive the demand for engine oils. Hydraulic oil is expected to be one of the fastest growing application segments for marine lubricants growing at an estimated CAGR of 3.4% from 2014 to 2020. Increasing dependence on hydraulic mechanical parts in ships is expected to augment the market growth over the next six years.
Europe emerged as the leading regional market for marine lubricant and accounted for 46.2% of total demand in 2013. The European market is characterized by high investments for lubricants of different grades coupled with increasing seaborne trade specially food & beverages and packed foods. Europe along with being the largest market is also expected to witness highest growth over the forecast period.
Growth of shipping industry coupled with governmental support in form of freight tax relaxation in India and China is anticipated to fuel the Asia Pacific marine lubricants market over the forecast period.
The global marine lubricants market is oligopolistic in nature and the market participants compete on the basis of product development and overall profitability. The market is primarily dominated by major oil & gas companies including BP Marine, Total Lubricants, Royal Dutch Shell, Chevron, Castrol, ExxonMobil and Sinopec Corporation.
For the purpose of this study, Grand View Research has segmented the marine lubricants market on the basis of product, application and region:

Global Marine Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Mineral Marine Lubricants
Synthetic Marine Lubricants
Bio-Based Marine Lubricant
Global Marine Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Engine Oil
Hydraulic Oil
Greases
Others
Global Marine Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW

 Table of Contents
Chapter 1 Executive Summary
                1.1. Marine Lubricant- Industry Summary and Critical Success Factors (CSFs)
Chapter 2 Marine Lubricant Industry Outlook
               2.1. Market Segmentation
               2.2. Market Size and Growth Prospects
               2.3. Marine Lubricant Market Dynamics
                   2.3.1. Market Driver Analysis
                   2.3.2. Market Restraint Analysis
               2.4. Key Opportunities Prioritized
               2.5. Industry Analysis - Porter's
               2.6. Marine lubricant- Company Market Share Analysis
               2.7. Marine Lubricant Market PESTEL Analysis, 2012
Chapter 3 Marine Lubricant Product Outlook
               3.1. Mineral Oil Based Marine lubricant
                   3.1.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   3.1.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
               3.2. Synthetic Based Marine Lubricant
                   3.2.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   3.2.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
               3.3. Bio-Based Marine Lubricant
                   3.3.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   3.3.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
Chapter 4 Marine Lubricant Application Outlook    
               4.1. Engine Oil 
                   4.1.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   4.1.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.2. Hydraulic Oil 
                   4.2.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   4.2.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.3. Grease
                   4.3.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   4.3.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.4. Others (Turbine Oils, Gear Oils, Compressor Oils And Heat Transfer Fluids)
                   4.4.1. Market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)
                   4.4.2. Market estimates and forecasts by region, 2012 - 2020 (Kilo Tons) (USD Million)
Chapter 5 Marine Lubricant Regional Outlook        
               5.1. North America
                   5.1.1. Market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.1.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.2. Europe
                   5.2.1. Market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.2.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.3. Asia Pacific
                   5.3.1. Market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.3.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.4. RoW
                   5.4.1. Market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.4.2. Market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)

Chapter 6 Marine Lubricant Competitive landscape
                6.1 Lubmarine ( Total Group)
                    6.1.1 Company Overview
                    6.1.2 Financial Performance
                    6.1.3 Product Benchmarking
                    6.1.4 Strategic Initiatives
                6.2 Royal Dutch shell PLC
                    6.2.1 Company Overview
                    6.2.2 Financial Performance
                    6.2.3 Product Benchmarking
                    6.2.4 Strategic Initiatives
                6.3 BP Marine
                    6.3.1 Company Overview
                    6.3.2 Financial Performance
                    6.3.3 Product Benchmarking
                    6.3.4 Strategic Initiatives
                6.4 Chevron
                    6.4.1 Company Overview
                    6.4.2 Financial Performance
                    6.4.3 Product Benchmarking
                    6.4.4 Strategic Initiatives
                6.5 ExxonMobil Corporation
                    6.5.1 Company Overview
                    6.5.2 Financial Performance
                    6.5.3 Product Benchmarking
                    6.5.4 Strategic Initiatives
                6.6 Sinopec Corporation
                    6.6.1 Company Overview
                    6.6.2 Financial Performance
                    6.6.3 Product Benchmarking
                    6.6.4 Strategic Initiatives
                6.7 Castrol
                    6.7.1 Company Overview
                    6.7.2 Financial Performance
                    6.7.3 Product Benchmarking
                    6.7.4 Strategic Initiatives
                6.8 Gulf Marine and Industrial Supplies Inc.
                    6.8.1 Company Overview
                    6.8.2 Financial Performance
                    6.8.3 Product Benchmarking
                    6.8.4 Strategic Initiatives
                6.9 LUKOIL Marine Lubricants
                    6.9.1 Company Overview
                    6.9.2 Financial Performance
                    6.9.3 Product Benchmarking
                    6.9.4 Strategic Initiatives
                6.10 QUEPET Lubricants
                    6.10.1 Company Overview
                    6.10.2 Financial Performance
                    6.10.3 Product Benchmarking
                    6.10.4 Strategic Initiatives
                6.11 JX Nippon Oil & Engine Corporation
                    6.11.1 Company Overview
                    6.11.2 Financial Performance
                    6.11.3 Product Benchmarking
                    6.11.4 Strategic Initiatives
                6.12 Gan& Lee Pharmaceutical
                    6.12.1 Company Overview
                    6.12.2 Financial Performance
                    6.12.3 Product Benchmarking
                    6.12.4 Strategic Initiatives

Chapter 7 Methodology and Scope                         
               7.1. Research Methodology                                            
               7.2. Research Scope & Assumption                                           
               7.3. List of Data Sources



List of Tables


1.    Marine lubricant- Industry summary &Critical Success Factors (CSFs)
2.    Global marine lubricant market volume estimates and forecasts, 2012 - 2020 (Kilo Tons)
3.    Global marine lubricant  market revenue estimates and forecasts, 2012 - 2020 (USD million)
4.    Global marine lubricant market volume estimates and forecasts by region, 2012 - 2020 (Kilo Tons)
5.    Global marine lubricant market revenue estimates and forecasts by region, 2012 - 2020 (USD million)
6.    Global marine lubricant market volume estimates and forecasts by product,2012 - 2020 (Kilo Tons)
7.    Global marine lubricant market revenue estimates and forecasts by product, 2012 - 2020 (USD million)
8.    Global mineral oil marine lubricant market volume estimates and forecasts, 2012 to 2020 (Kilo Tons)
9.    Global mineral oil marine lubricant market revenue estimates and forecasts, 2012 to 2020 (USD million)
10.   Global synthetic marine lubricant market volume estimates and forecasts, 2012 to 2020 (Kilo Tons)
11.   Global synthetic marine lubricant market revenue estimates and forecasts, 2012 to 2020 (USD million)
12.   Global bio-based marine lubricant market volume estimates and forecasts, 2012 to 2020 (Kilo Tons)
13.   Global bio-based marine lubricant market volume estimates and forecasts, 2012 to 2020 (USD million)
14.   Global marine lubricant market volume estimates and forecasts by applications, 2012 - 2020 (Kilo Tons)
15.   Global marine lubricant market revenue estimates and forecasts by applications, 2012 - 2020 (USD million)
16.   Global marine lubricant market demand estimates and forecasts from engine oil applications, 2012 to 2020 (Kilo Tons)
17.   Global marine lubricant market revenue estimates and forecasts from engine oil applications , 2012 to 2020 (USD million)
18.   Global marine lubricant market demand estimates and forecasts from hydraulic oil applications , 2012 to 2020(Kilo Tons)
19.   Global marine lubricant market revenue estimates and forecasts from hydraulic oil applications , 2012 to 2020 (USD million)
20.   Global marine lubricant market demand estimates and forecasts from grease applications , 2012 to 2020 (Kilo Tons)
21.   Global marine lubricant market revenue estimates and forecasts from grease applications , 2012 to 2020 (USD million)
22.   Global marine lubricant market demand estimates and forecasts from other applications , 2012 to 2020 (Kilo Tons)
23.   Global marine lubricant market revenue estimates and forecasts from other applications, 2012 to 2020 (USD million)
24.   Global marine lubricant market volume estimates and forecasts, by region, 2012 to 2020 (Kilo Tons)
25.   Global marine lubricant market revenue estimates and forecasts, by region, 2012 to 2020 (USD million)
26.   North America marine lubricant market volume estimates and forecasts, by products, 2012 - 2020 (Kilo Tons)
27.   North America marine lubricant market revenue estimates and forecasts, by products, 2012 - 2020  (USD million)
28.   North America marine lubricant market volume estimates and forecasts, by applications, 2012 - 2020 (Kilo Tons)
29.   North America marine lubricant market revenue estimates and forecasts, by applications, 2012 - 2020  (USD million)
30.   Europe marine lubricant market volume estimates and forecasts, by products, 2012 - 2020 (Kilo Tons)
31.   Europe marine lubricant market revenue estimates and forecasts, by products, 2012 - 2020  (USD million)
32.   Europe marine lubricant market volume estimates and forecasts, by applications, 2012 - 2020 (Kilo Tons)
33.   Europe marine lubricant market volume estimates and forecasts, by applications, 2012 - 2020 (USD million)
34.   Asia Pacific marine lubricant market volume estimates and forecasts, by products, 2012 - 2020 (Kilo Tons)
35.   Asia Pacific marine lubricant market revenue estimates and forecasts, by products, 2012 - 2020  (USD million)
36.   Asia Pacific marine lubricant market volume estimates and forecasts, by applications, 2012 - 2020 (Kilo Tons)
37.   Asia Pacific marine lubricant market revenue estimates and forecasts, by applications, 2012 - 2020  (USD million)
38.   RoW marine lubricant market volume estimates and forecasts, by products, 2012 - 2020 (Kilo Tons)
39.   RoW marine lubricant market revenue estimates and forecasts, by products, 2012 - 2020  (USD million)
40.   RoW marine lubricant market volume estimates and forecasts, by applications, 2012 - 2020 (Kilo Tons)
41.   RoW marine lubricant market revenue estimates and forecasts, by applications,  2012 - 2020 (USD million)


List of Figures

1.    Marine lubricant market segmentation
2.    Global Marine lubricant market revenue, 2012 - 2020
3.    Marine lubricant market dynamics
4.    Marine lubricants - Company market share analysis, 2013
5.    Key Opportunities Prioritized
6.    Industry Analysis - Porter's
7.    Marine lubricant market - company market share analysis, 2013 (%)
8.    Marine lubricant PESTEL analysis, 2013
9.    Global marine lubricant market growth by product, 2012 - 2020 (Kilo Tons) (USD Million)
10.    Global mineral oil marine lubricant market, by region, 2012 - 2020 (Kilo Tons) (USD Million)
11.    Global synthetic  marine lubricant market,  by region 2012 to 2020 (Kilo Tons) (USD Million)
12.    Global bio-based marine lubricant market, by region, 2012 - 2020 (Kilo Tons) (USD Million)
13.    Global Marine lubricant market, by applications, 2012 - 2020 (Kilo Tons) (USD Million)
14.    Global marine lubricant for engine oil marine lubricant market, by region, 2012 - 2020 (Kilo Tons) (USD Million)
15.    Global marine lubricant for hydraulic oil marine lubricant market, by region (Kilo Tons) (USD Million), 2012 - 2020
16.    Global marine lubricant for grease market, by region, 2012 - 2020 (Kilo Tons) (USD Million)
17.    Global marine lubricant for other applications, 2012 - 2020 (Kilo Tons) (USD Million)