Asia Pacific Marine Lubricants Market size was around USD 6.9 billion in 2021 and is expected to grow at 2.89 % CAGR to reach $ 7.11 billion by 2026.
Lubricants are the compounds that reduce the friction between any two surfaces in contact. The Marine Lubricants are lubricants used in the shipping/marine industry. Marine cylinder lubricant has covered the major percentage of the marine lubricants market sales in 2018.
Based on the Oil Type the market is divided into Synthetic Oil, Bio-Based Oil, Mineral Oil, Grease and Others.
The kind of lubricant used determines how smooth the machine functions. Mineral oil, which is extracted from natural petroleum, is majorly used in the marine industry. Grease is more frictional, when compared to others, due to its high viscosity.
Based on the Application Marine Lubricants Market is segmented into Hydraulic Fluid, Engine Oil, Compressor Oil, Turbine Oil and Others.
Hydraulic Fluid is anticipated to push the marine lubricant market forward towards profits as it is currently in demand. The cylinder oil or engine oil was the major market driver in 2018.
Different kinds of ships have different performance and maintenance costs. Based on the Ship Type the marine lubricant market is segmented into Bulk Carrier Ships, Tanker Ships, Container Ships, and Others. The introduction of idle ships with low maintenance and high performance is suppressing the market growth rate.
Based on the Region, the Asian Marine Lubricants Market has been fragmented into countries like India, China, North Korea, Japan and Australia. Asia Pacific had the highest percentage of the Asian Marine Lubricants market share in 2018, and is anticipated to be the fast-growing market, attributed to the busy port network in this region.
By Country – India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC.
Asia Pacific Marine Lubricants Market key players:
Major companies plying their trade in the Asian Marine Lubricants Market include BP Plc., Royal Dutch Shell Plc., Exxon Mobil Corporation, Chevron Corporation, Sinopec Corporation, Idemitsu Kosan Co. Ltd., PJSC Lukoil, Total S.A, Indian Oil Corporation Ltd., Gulf Oil International, JX Nippon Oil & Energy Corporation, Avin Oil S.A., Fuchs Petrolub Se, H&R GmbH & Co. KGaA, JX Nippon Oil & Energy Corporation, Petronas Lubricants International, Quepet Lubricants, Stanley Group, Unimarine LLC, Vickers Oil, World Fuel Service Corporation, and AMPNI.Royal Dutch Shell Plc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Oil Type
5.1.1 Introduction
5.1.2 Mineral Oil
5.1.3 Synthetic Oil
5.1.4 Bio-Based Oil
5.1.5 Grease
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Oil Type
5.1.8 Market Attractiveness Analysis, By Oil Type
5.1.9 Market Share Analysis, By Oil Type
5.2 Application 5.2.1 Introduction
5.2.2 Engine Oil
5.2.3 Hydraulic Fluid
5.2.4 Compressor Oil
5.2.5 Turbine Oil
5.2.6 Others
5.2.9 Y-o-Y Growth Analysis, By Application
5.2.10 Market Attractiveness Analysis, By Application
5.2.11 Market Share Analysis, By Application
5.3 Ship Type 5.3.1 Introduction
5.3.2 Bulk Carrier
5.3.3 Tanker
5.3.4 Container
5.3.5 Others
5.3.4 Y-o-Y Growth Analysis, By Ship Type
5.3.5 Market Attractiveness Analysis, By Ship Type
5.3.6 Market Share Analysis, By Ship Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By Indication
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Gulf Oil International
8.2 BP plc
8.3 Royal Dutch Shell plc
8.4 Exxon Mobil Corporation
8.5 Chevron Corporation
8.6 Sinopec Corporation
8.7 PJSC Lukoil
8.8 Idemitsu Kosan Co., Ltd.
8.9 Total S.A.
8.10 Indian Oil Corporation Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by type,by application,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Asia Pacific Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
Asia Pacific Mineral Oil Maarket By Region, From 2021-2026 ( USD Billion )
Asia Pacific Synthetic Oil Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Bio-Based Oil Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Grease Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Others Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
Asia Pacific Engine Oil Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Hydraulic Fluid Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Compressor Oil Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Turbine Oil Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Others Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
Asia Pacific Bulk Carrier Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Tanker Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Container Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Others Market By Region, From 2021-2026 ( USD Billion )
Japan Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
Japan Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
Japan Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
China Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
China Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
China Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
India Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
India Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
India Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
Australia Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
Australia Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
Australia Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
South Korea Marine Lubricants Market By Oil Type, From 2021-2026 ( USD Billion )
South Korea Marine Lubricants Market By Application, From 2021-2026 ( USD Billion )
South Korea Marine Lubricants Market By Ship Type, From 2021-2026 ( USD Billion )
