Market Analysis and Insights: Global Marine Lubricants Market

Marine lubricants refer to lubricating oil and lubricating grease that used in marine industry. The use of lubricants and lubricant parameters on ships is an important role managed by the main engine lube oil system. This consists of a pump that pressurizes the oil, circulating it through a set of filters and a cooler before distribution to all the moving components of the diesel engine

Due to the COVID-19 pandemic, the global Marine Lubricants market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during the forecast period 2023-2029. Fully considering the economic change by this health crisis, System and Cylinder Oils accounting for % of the Marine Lubricants global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Deep-sea segment is altered to an % CAGR throughout this forecast period.

Shell, Total, ExxonMobil, BP and Chevron are the leaders of the Marine Lubricants industry, which take about 80% market share.

Global Marine Lubricants Scope and Market Size

The global Marine Lubricants market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Marine Lubricants market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


System and Cylinder Oils

TPEO

Others


Segment by Application


Deep-sea

In-land/Coastal

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Shell

Total

ExxonMobil

BP

Chevron

Sinopec

Quepet

JX Nippon

Lukoil

Gulf Oil

Idem Itsu