Industry Overview:
The latest report by IMARC Group, titled, “Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Marine Grease Market Report. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global marine grease market size reached US$ 377.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 480.1 Million by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028. Marine grease represents semi-solid lubricants utilized to protect marine vessels from wear and tear, corrosion, and water washout by maintaining an oil film that prevents metal-to-metal contact among the cylinder liner and piston rings. They are manufactured by blending mineral oils with soap or bio-based materials and asphaltic oils. Marine grease product variants are hydrophobic in nature and exhibit several advantageous properties, such as minimal oxidation, high viscosity index, thermal and water resistance, etc. Consequently, they find extensive applications in tankers, bulkers, cargo or container ships, passenger ships, etc.
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Global Marine Grease Market Trends:
The expanding shipping industry across the globe and the development of new waterways to support the rising international trade activities are primarily driving the marine grease market. Besides this, the elevating need for marine cylinder oils to ensure improved engine performance and protection is acting as another significant growth-inducing factor. Moreover, the launch of innovative bio-based and environment-friendly products that are produced using non-bio accumulative and renewable materials with low sulfur levels is also positively influencing the global market. Additionally, the inflating investments undertaken by the government bodies, especially in the developing countries, to improve the defense areas and the naval bases are expected to propel the marine grease market in the coming years.
Global Marine Grease Market 2023-2028 Analysis and Segmentation:
Competitive Landscape with Key Players:
- BP p.l.c.
- Chevron Corporation
- ENEOS Corporation
- Gulf Oil Marine Ltd
- Idemitsu Kosan Co. Ltd.
- Lucas Oil Products Inc
- Lukoil Marine Lubricants DMCC
- Penrite Oil
- Royal Dutch Shell plc
- TotalEnergies SE
- Warren Oil Company LLC
Key Market Segmentation:
Thicker Type:
- Lithium Complex
- Calcium
- Others
End-Use:
- Bulk Carrier and Cargo Ship
- Passenger Ships
- Tankers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Thicker Type, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | BP p.l.c., Chevron Corporation, ENEOS Corporation, Gulf Oil Marine Ltd, Idemitsu Kosan Co. Ltd., Lucas Oil Products Inc, Lukoil Marine Lubricants DMCC, Penrite Oil, Royal Dutch Shell plc, TotalEnergies SE and Warren Oil Company LLC |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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