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船舶用潤滑油市場:油種別(鉱物油、合成油、バイオベース、グリース)、製品種別(エンジン油、油圧作動油、コンプレッサー油)、船舶種別(バルクキャリア、タンカー、コンテナ)、地域別 - 2026年までの世界予測


Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container) and Region - Global Forecast to 2026

船舶用潤滑油の市場規模は、2021年に62億米ドル、2026年には67億米ドルに達すると推定され、予測期間中のCAGRは1.5%と予想されています。船舶用潤滑油市場は、主に排出削減技術の台頭、海上観光の成長、海運業を... もっと見る

 

 

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MarketsandMarkets
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2022年2月14日 US$4,950
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サマリー

船舶用潤滑油の市場規模は、2021年に62億米ドル、2026年には67億米ドルに達すると推定され、予測期間中のCAGRは1.5%と予想されています。船舶用潤滑油市場は、主に排出削減技術の台頭、海上観光の成長、海運業を強化するインフラ整備によって牽引されています。コビット19の影響、合成ベースの潤滑油へのシフトが船舶用潤滑油市場の主な抑制要因となっています。しかし、バイオベースの船舶用潤滑油の需要の高まりは、船舶用潤滑油メーカーに機会を提供しています。
"海運業を強化するインフラ整備が市場成長の要因の1つ"
海運業界の主要な世界的業界団体である国際海運会議所(ICS)によると、世界の貿易の約90%は海運業界によって行われていると推定されています。これを支えているのは、船舶メーカーや政府機関であり、船舶の大型化、新しいターミナルの開発、パナマ運河やスエズ運河など既存の運河の拡張に加え、より大きな海峡を作ることで海上貿易を拡大することに貢献している。この2つの運河は、100以上の貿易ルートの一部である最も重要な戦略的水路である。さらに、大手海運会社は各地に新しい港を獲得し、ネットワークを拡大している。船舶の大型化と積載量の増加により、貿易量は増加し、より耐久性が高く頑丈な船舶の開発が注目されています。超大型コンテナ船(ULCS)の需要は増加しており、スロットコストの削減が期待されています。このような大型船はプライムムーバーに追いつくことができるため、海運会社には好都合である。
船舶の大型化により、エンジンからギア、ワイヤーロープに至るまで、あらゆる機械部品に多くの潤滑剤が必要となるため、こうした戦略的な開発により船舶用潤滑剤の使用量が増加しているのである。これらの潤滑油は、船舶の機械部品の寿命を延ばすことに直接的に貢献している。
"2020年の船舶用潤滑油市場では鉱油が最大の油種と推定される"
鉱物油系船舶用潤滑油は、パラフィン系原油を脱蝋し、用途に応じて一定の添加剤を混ぜたものである。鉱物油系潤滑油には、用途や要求に応じて、軽質油と重質油がある。エンジン、タービン、船尾管、コンプレッサーなど、さまざまな船舶の用途で高い需要があるため、大量に生産されています。鉱油系船舶用潤滑油の分野は、合成潤滑油やバイオベース潤滑油といった毒性の低い船舶用潤滑油に置き換えられつつあるため、2021年から2026年の間に金額ベースで最も低いCAGRを記録すると予測されます。鉱物油ベースの潤滑油は、環境保護に関する政府の厳しい規範により、これらの毒性の低い潤滑油に置き換えられつつあります。しかし、2サイクルおよび4サイクルエンジン、推進装置、船尾管などのバルク潤滑油の用途では、安価な鉱油系潤滑油が引き続き大量に使用されています。
"2020年の船舶用潤滑油市場において、エンジンオイルが最大の製品タイプに"
エンジンは、海上を航行する船舶・艦艇の主要部品であり、推進用エンジンと補機用エンジンの2種類に分類される。推進機関は、エンジンのシリンダーユニット内の燃料に点火することで、水中を移動する。補助機関とは、船舶に搭載されている発電機やファン、ポンプなどの駆動に使用されるその他の機関全般を指す。これらのエンジンに使用される潤滑油は、船舶の寿命や運転状態に重要な役割を果たす。潤滑システムは、エンジン内の様々な部品への潤滑油の供給を促進する。
世界のエンジンオイルの消費量は予測期間中に増加し、厳しい環境基準を満たすために添加剤の添加量も増加すると予想されます。これにより、2021年から2026年の間に市場の成長が促進されると予想されます。

"2020年の船舶用潤滑油市場はバルクキャリアが最大の船種"
2020年の船舶用潤滑油市場全体では、バルクキャリアが金額ベースで最大のシェアを占めた。各地域の国々の経済状況の改善が、貨物需要の増加に対応するための効率的で大きな船舶への高い需要を後押ししている。船舶用エンジンは大型化・効率化が進んでいます。スエズ運河とパナマ運河の拡大により、大型船舶の流入がさらに増加し、その結果、貨物の大型化が進んでいます。

"2020年、アジア太平洋地域が金額ベースで最大の船舶用潤滑油市場になると推定される"
APACは世界最大の船舶用潤滑油市場である。中国、シンガポール、香港、韓国、日本、台湾、マレーシア、Rest of APACがAPAC地域に該当する。この地域は、2020年に金額ベースで世界市場のシェアを占めました。新興国の高い経済成長と、この地域の人々の可処分所得の増加が、APACを魅力的な船舶用潤滑油市場にしています。貿易活動の活発化と海運業界のインフラ整備(港湾ネットワークの拡充)が、船舶用潤滑油の高い需要の主な要因となっています。中国とシンガポールの港は、船舶用潤滑油の主要な市場となっています。
二次調査によって特定されたいくつかのセグメントとサブセグメントの市場規模を決定し、検証する過程で、広範囲な一次インタビューが実施された。一次インタビュー対象者のプロフィールの内訳は以下の通りです。
- 企業タイプ別企業タイプ別:Tier1 30%、Tier2 43%、Tier3 27
- 役職別Cレベル:21%、ディレクターレベル:23%、その他:56
- 地域別北米:41%、欧州:30%、APAC:18%、中東・アフリカ:7%、南米:4%。

本レポートで紹介されている主な市場参加者は、BP Plc.(英国)、Chevron Corporation(米国)、ExxonMobil Corporation(米国)、Royal Dutch Shell Plc(オランダ)、TotalEnergies SE(フランス)、Valvoline(米国)、Petronas(マレーシア)、Lukoil(ロシア)、出光興産株式会社(米国)、日本電気株式会社(日本)、株式会社日立製作所(日本)、株式会社日立製作所(日本)。出光興産株式会社(日本)、中国石油化工集団有限公司(中国)、JX日鉱日石エネルギー株式会社(日本)、Gulf Oil Corporation Ltd.(米国)、ENOC(Emirates National Oil Company)(UAE)、ENI SPA(イタリア)、Indian Oil Corporation(インド)、PetroChina Company Limited(中国)、SK INC.(米国)、Gulf Oil Corporation Ltd.(米国)、PetroChina Co.(韓国)、CEPSA(スペイン)、Gazrprom Neft(ロシア)、ADDINOL Lube Oil GmbH(ドイツ)、Bel-Ray Company LLC(米国)、Morris Lubricants(英国)、Penrite Oil(オーストラリア)、Liqui Molly GmbH(ドイツ)、Dyade Lubricants(オランダ)などがある。
調査対象
本レポートでは、船舶用潤滑油の市場をタイプ、用途、セクター、地域ごとに分類し、各地域における市場全体の価値を推定しています。また、業界主要企業の詳細な分析を行い、船舶用潤滑油の市場に関連する事業概要、製品・サービス、主要戦略、新製品発表、事業拡張、M&Aなどに関する考察を提供しています。
本レポートの購入理由
この調査レポートは、様々なレベルの分析-産業分析(業界動向)、トッププレイヤーの市場ランキング分析、企業プロファイル-に焦点を当てており、これらを合わせて、競争環境、海洋潤滑油市場の新興および高成長セグメント、高成長地域、市場の促進要因、抑制要因、機会、課題に関する全体像を提供します。
本レポートでは、以下のポイントについて考察しています。
- 市場の浸透度。世界の船舶用潤滑油市場におけるトッププレイヤーが提供する船舶用潤滑油に関する包括的な情報

- 製品開発/イノベーション。海洋潤滑油市場における今後の技術、研究開発活動に関する詳細な洞察

- 市場開拓。有利な新興市場に関する包括的な情報 - 本レポートでは、地域ごとの船舶用潤滑油の市場を分析しています。

- 市場の多様化。海洋潤滑油の世界市場における新製品、未開拓地域、最新動向に関する徹底的な情報提供

- 競合の評価。船舶用潤滑油市場における主要企業の市場シェア、戦略、製品、製造能力に関する詳細な評価

- COVID-19が船舶用潤滑油市場に与える影響

 

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Summary

The marine lubricants market size is estimated to be USD 6.2 billion in 2021 and is expected to reach USD 6.7 billion by 2026, at a CAGR of 1.5% during the forecast period. The marine lubricants market is mainly driven by the emerging emission abatement technologies, growth in maritime tourism and the infrastructural developments that are strengthening the shipping industry. The impact of Covid-19, and shift towards synthetic-based lubricants are the key restraints in the marine lubricants market. However, the growing demand for bio-based marine lubricants offers opportunities to the marine lubricants manufacturers.
“Infrastructural developments strengthening the shipping industry is one of the factors driving the growth of the market”
According to the International Chamber of Shipping (ICS), a principal global trade association for the shipping industry, it is estimated that around 90% of the global trade is carried out by the shipping industry. This is supported by the ship manufacturers and government bodies that help increase marine trade by increasing the size of ships, develop new terminals, and create bigger straits along with the expansion of the existing ones such as Panama and Suez Canals. Both these canals are the two most important strategic waterways that are part of more than 100 trade routes. In addition, the large shipping companies are expanding their network by acquiring new ports in various regions. The increasing size and load carrying capacity of vessels have led to rising trade volumes with focus on the development of more durable and sturdier marine crafts. The demand for ultra large container ships (ULCS) is increasing and is expected to reduce the slot-costs. This is favored by shipping companies, as these large ships will help them catch up with the prime movers.
The use of marine lubricants has increased with these strategic developments, as larger ships require the use of more lubricants in every mechanical part, ranging from engines to gears and wire ropes. These lubricants are directly responsible for increasing the life of mechanical components in ships.
“Mineral oil is estimated to be the largest oil type in the marine lubricants market in 2020”
Mineral oil marine lubricants are made from dewaxed paraffin-based crude oil mixed with a certain set of additives as per the specific application. Mineral oil lubricants are available in light and heavy grades, depending on the usage and requirement. They are produced in large quantities because of its high demand in different marine applications such as engines, turbines, stern tubes, and compressors. The mineral oil marine lubricants segment is projected to register the lowest CAGR in terms of value, between 2021 and 2026, as they are being replaced by less toxic marine lubricants such as synthetic and bio-based lubricants. Mineral oil based lubricants are being replaced by these less toxic lubricants due to stringent governmental norms for environment protection. In spite of the gradual shift from mineral oil lubricants to synthetic and bio-based lubricants, bulk lubricant applications such as marine 2-stroke and 4-stroke engines, propulsion units, and stern tubes will continue to utilize large volumes of mineral oil lubricants because of its low cost.
“Engine oil was the largest product type for marine lubricants market in 2020”
The engine is the key component of a ship/vessel operating in the sea and is classified into two types, propulsion engines and auxiliary engines. Propulsion engines move the vessel through water by igniting fuel inside the cylinder unit of the engine. Auxiliary engines are all the other engines used in a ship for driving the electric generators, fans, pumps, and other equipment on a vessel. Lubricants used in these engines play a vital role in the service life as well as the operating conditions of the ship. The lubrication system fosters the supply of lubricating oil to various parts in the engine.
Global engine oil consumption is expected to increase during the forecast period, and the quantity of additives added is expected to increase to meet stringent environmental norms. This is expected to drive the growth of the market between 2021 and 2026.

“Bulk Carriers was the largest ship type for marine lubricants market in 2020”
Bulk carriers accounted for the largest share by value of the overall marine lubricants market in 2020. The improving economic condition of countries in various regions is fueling the high demand for efficient and bigger ships to accommodate the rising cargo demand. Marine engines are getting bigger and efficient. The expanding Suez and Panama Canals have further increased the inflow of bigger ships and, hence, larger cargo.

“Asia Pacific is estimated to be the largest marine lubricants market in 2020, in terms of value”
APAC is the largest marine lubricants market, globally. China, Singapore, Hong Kong, South Korea, Japan, Taiwan, Malaysia, and the Rest of APAC are considered in the APAC region. The region accounted for a share of the global market, in terms of value, in 2020. The high economic growth of the emerging economies and the increasing disposable income of the people in the region make APAC an attractive marine lubricants market. The increasing trade activities and rising infrastructural developments in the shipping industry (in the form of increasing ports network) are primarily responsible for the high demand for marine lubricants. The ports of China and Singapore are the major markets for marine lubricants.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
• By Designation: C-Level - 21%, Director Level - 23%, and Others - 56%
• By Region: North America - 41%, Europe - 30%, APAC - 18%, Middle East & Africa - 7%, and South America - 4%

The key market players profiled in the report include BP Plc. (UK), Chevron Corporation (US), ExxonMobil Corporation (US), Royal Dutch Shell Plc (Netherlands), TotalEnergies SE(France), Valvoline(US), Petronas (Malaysia), Lukoil (Russia), Idemitsu Kosan Co. Ltd (Japan), China Petrochemical Corporation (China), JX Nippon oil & Energy Corporation (Japan), Gulf Oil Corporation Ltd. (US), ENOC (Emirates National Oil Company) (UAE), ENI SPA (Italy), Indian Oil Corporation (India), PetroChina Company Limited (China), SK INC. (South Korea), CEPSA(Spain), Gazrprom Neft (Russia ), ADDINOL Lube Oil GmbH (Germany), Bel-Ray Company LLC (US), Morris Lubricants (UK), Penrite Oil (Australia), Liqui Molly GmbH (Germany), and Dyade Lubricants (Netherland).
Research Coverage
This report segments the market for marine lubricants on the basis of type, application, sector and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for marine lubricants.
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the marine lubricants market; high-growth regions; and market drivers, restraints, opportunities and challenges
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on marine lubricants offered by top players in the global marine lubricants market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the marine lubricants market

• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for marine lubricants across regions

• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global marine lubricants market

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the marine lubricants market

• Impact of COVID-19 on marine lubricants market



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Table of Contents

1 INTRODUCTION 46
1.1 OBJECTIVES OF STUDY 46
1.2 MARKET DEFINITION 46
1.2.1 MARINE LUBRICANTS MARKET: INCLUSIONS AND EXCLUSIONS 47
1.2.2 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS, BY OIL TYPE 47
1.2.3 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS, 
BY PRODUCT TYPE 48
1.2.4 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS, BY SHIP TYPE 48
1.3 MARKET SCOPE 49
1.3.1 MARINE LUBRICANTS MARKET SEGMENTATION 49
1.3.2 REGIONS COVERED 50
1.3.3 YEARS CONSIDERED FOR STUDY 50
1.4 CURRENCY 51
1.5 UNIT CONSIDERED 51
1.6 STAKEHOLDERS 51
1.7 SUMMARY OF CHANGES 51
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
FIGURE 1 MARINE LUBRICANTS MARKET: RESEARCH DESIGN 53
2.1.1 SECONDARY DATA 54
2.1.2 PRIMARY DATA 54
2.1.2.1 Primary interviews – demand and supply sides 54
2.1.2.2 Key industry insights 55
2.1.2.3 Breakdown of primary interviews 56
2.2 MARKET SIZE ESTIMATION 56
2.2.1 BOTTOM-UP APPROACH 57
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) 57
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE AND MARKET SHARE 58
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – 
BOTTOM-UP (DEMAND SIDE): APPLICATIONS SERVED AND THEIR AVERAGE SELLING PRICES 58
2.2.2 TOP-DOWN APPROACH 59
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – 
BASE MARKET CALCULATION AND VALIDATION APPROACH 59
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – 
TOP-DOWN 59
2.3 DATA TRIANGULATION 60
FIGURE 7 MARINE LUBRICANTS MARKET: DATA TRIANGULATION 61
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 62
2.4.1 SUPPLY SIDE 62
FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE 62
2.4.2 DEMAND SIDE 62
FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE 
DRIVERS AND OPPORTUNITIES 63
2.5 FACTOR ANALYSIS 63
2.6 ASSUMPTIONS 64
2.7 LIMITATIONS 64
2.8 RISK ASSESSMENT 65
TABLE 1 MARINE LUBRICANTS MARKET: RISK ASSESSMENT 65
3 EXECUTIVE SUMMARY 66
FIGURE 10 MINERAL OIL TO BE DOMINATING OIL TYPE FOR MARINE LUBRICANTS DURING FORECAST PERIOD 66
FIGURE 11 ENGINE OILS TO BE LARGEST PRODUCT TYPE OF MARINE LUBRICANTS DURING FORECAST PERIOD 67
FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF MARINE LUBRICANTS MARKET IN 2020 68
4 PREMIUM INSIGHTS 69
4.1 SIGNIFICANT OPPORTUNITIES IN MARINE LUBRICANTS MARKET 69
FIGURE 13 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING FORECAST PERIOD 69
4.2 MARINE LUBRICANTS MARKET SIZE, BY REGION 69
FIGURE 14 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD 69
4.3 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE AND COUNTRY 70
FIGURE 15 CHINA AND ENGINE OILS SEGMENT ACCOUNTED FOR LARGEST SHARES 70
4.4 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE AND REGION 70
FIGURE 16 ENGINE OILS TO DOMINATE MARINE LUBRICANTS MARKET ACROSS REGIONS 70
4.5 MARINE LUBRICANTS MARKET ATTRACTIVENESS 71
FIGURE 17 SINGAPORE TO BE FASTEST-GROWING COUNTRY-LEVEL MARKET DURING FORECAST PERIOD 71
5 MARKET OVERVIEW 72
5.1 INTRODUCTION 72
5.2 MARKET DYNAMICS 72
FIGURE 18 MARINE LUBRICANTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 73
5.2.1 DRIVERS 73
5.2.1.1 Infrastructural developments strengthening the shipping industry 73
5.2.1.2 Emerging emission abatement technologies 74
5.2.1.3 Growth in maritime tourism 74
5.2.2 RESTRAINTS 74
5.2.2.1 Shift toward synthetic lubricants may increase the drain interval 74
5.2.2.2 Impact of COVID-19 75
TABLE 2 COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19 75
5.2.3 OPPORTUNITIES 76
5.2.3.1 Increasing demand for bio-based marine lubricants 76
5.2.3.2 Shift from Group-I to Group-II base stocks 76
5.2.4 CHALLENGES 76
5.2.4.1 Stringent environmental norms and continuous reforms by governments 76
5.2.4.2 Volatility in raw material prices 77
5.3 PORTER’S FIVE FORCES ANALYSIS 77
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS OF MARINE LUBRICANTS MARKET 77
TABLE 3 MARINE LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 78
5.3.1 THREAT OF SUBSTITUTES 78
5.3.2 THREAT OF NEW ENTRANTS 78
5.3.3 BARGAINING POWER OF SUPPLIERS 78
5.3.4 BARGAINING POWER OF BUYERS 79
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.4 TECHNOLOGY ANALYSIS 79
5.5 MACROECONOMIC INDICATORS 80
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 80
TABLE 4 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 
2018–2026 (USD BILLION) 80
5.6 GOVERNMENT POLICIES AND REGULATIONS 80
5.6.1 CHANGES IN THE SPECIFICATION OF MARINE FUELS 80
5.6.1.1 Implementation of sulfur 2020 regulation 80
5.6.2 EXISTING AND NEW FUELS 81
5.6.2.1 Very Low Sulfur Fuel Oil (VLSFO) 81
5.6.2.2 Ultra-Low Sulfur Fuel Oil (ULSFO) 82
5.6.2.3 Marine Gas Oil (MGO) 82
5.6.2.4 Biofuels 82
5.6.2.5 Liquified Natural Gas (LNG) 83
5.6.2.6 Liquefied Petroleum Gas (LPG) 83
5.6.2.7 Methanol 84
5.6.2.8 Hydrogen 84
5.6.2.9 Ammonia 85
5.6.3 GENERAL SHIP PERMIT 85
5.6.3.1 US EPA Vessel General Permit 85
5.6.4 TECHNOLOGIES OF FUTURE 86
5.6.4.1 Exhaust Gas Scrubber (HFO+Scrubber) 86
5.6.4.2 Pure Electric/Hybrid Ships 86
5.6.4.3 Slow Streaming 87
5.6.4.4 Advanced Rudder and Propeller System 87
5.6.4.5 Waste Heat Recovery System 87
5.6.4.6 Exhaust Gas Recirculation 87
5.6.5 NOX EMISSION STANDARDS 87
TABLE 5 IMO MARINE ENGINE REGULATIONS FOR NOX LIMITS FOR SHIPS AT SEA 88
5.6.6 DECARBONIZATION 88
TABLE 6 IMO PLANS TO REDUCE CARBON EMISSIONS, COMPARED TO 2008 LEVELS 89
5.6.7 ENERGY EFFICIENCY DESIGN INDEX 89
5.6.8 IMPACT ON DEMAND FOR LUBRICANTS 90
TABLE 7 CYLINDER OIL BN AND SULFUR LEVELS 90
TABLE 8 AVAILABLE LOW BN CYLINDER OILS IN INTERNATIONAL MARKET 91
5.6.9 HOW WILL THE USE OF FUELS AND NEW TECHNOLOGIES EVOLVE IN THE FUTURE? 92
5.7 COVID-19 IMPACT 93
5.7.1 INTRODUCTION 93
5.7.2 COVID-19 HEALTH ASSESSMENT 93
FIGURE 20 COUNTRY-WISE SPREAD OF COVID-19 93
5.7.3 COVID-19 ECONOMIC ASSESSMENT 94
FIGURE 21 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021 94
5.7.3.1 COVID-19 impact on the economy—scenario assessment 95
FIGURE 22 FACTORS IMPACTING GLOBAL ECONOMY 95
FIGURE 23 SCENARIOS OF COVID-19 IMPACT 96
5.8 IMPACT OF COVID-19: CUSTOMER ANALYSIS 97
6 INDUSTRY TRENDS 98
6.1 SUPPLY CHAIN ANALYSIS 98
FIGURE 24 MARINE LUBRICANTS: SUPPLY CHAIN 98
6.1.1 RAW MATERIAL 98
6.1.2 MANUFACTURING OF MARINE LUBRICANTS 98
6.1.3 DISTRIBUTION TO END USERS 99
6.2 MARINE LUBRICANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO 99
FIGURE 25 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS 99
TABLE 9 MARINE LUBRICANTS MARKET FORECAST SCENARIO, 
2019–2026 (USD MILLION) 99
6.2.1 NON-COVID-19 SCENARIO 99
6.2.2 OPTIMISTIC SCENARIO 100
6.2.3 PESSIMISTIC SCENARIO 100
6.2.4 REALISTIC SCENARIO 100
6.3 PATENT ANALYSIS 100
6.3.1 INTRODUCTION 100
6.3.2 APPROACH 100
6.3.3 DOCUMENT TYPE 101
TABLE 10 GRANTED PATENTS ACCOUNT FOR 13% OF ALL PATENTS BETWEEN 
2010 AND 2020 101
FIGURE 26 PATENTS REGISTERED FOR MARINE LUBRICANTS, 2010–2020 101
FIGURE 27 PATENT PUBLICATION TRENDS FOR MARINE LUBRICANTS, 
2010–2020 101
6.3.4 INSIGHTS 102
6.3.5 LEGAL STATUS OF PATENTS 102
FIGURE 28 LEGAL STATUS OF MARINE LUBRICANTS PATENTS 102
6.3.6 JURISDICTION ANALYSIS 102
FIGURE 29 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA 102
6.3.7 TOP APPLICANTS 103
FIGURE 30 CHINA PETROLEUM & CHEMICAL CORPORATION REGISTERED HIGHEST NUMBER OF PATENTS BETWEEN 2010 AND 2020 103
TABLE 11 LIST OF PATENTS BY CHINA PETROLEUM & CHEMICAL CORPORATION 103
TABLE 12 LIST OF PATENTS BY API INTELLECTUAL PROPERTY HOLDINGS 105
TABLE 13 LIST OF PATENTS BY BASF SE 106
TABLE 14 TOP 10 PATENT OWNERS IN US, 2010-2020 106
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 107
6.4.1 REVENUE SHIFTS & REVENUE POCKETS FOR MARINE LUBRICANTS MARKET 107
FIGURE 31 REVENUE SHIFT FOR MARINE LUBRICANTS MARKET 107
6.5 CONNECTED MARKETS: ECOSYSTEM 107
TABLE 15 MARINE LUBRICANTS MARKET: SUPPLY CHAIN 108
FIGURE 32 MARINE LUBRICANTS MARKET: ECOSYSTEM 109
6.6 CASE STUDY ANALYSIS 109
6.6.1 A CASE STUDY ON SOOT BUILD UP WARNING 109
6.6.2 A CASE STUDY ON REDUCED HYDRAULIC FLUID CONSUMPTION 109
6.6.3 A CASE STUDY ON CONTROLLING CORROSION 110
6.7 TRADE DATA 110
6.7.1 IMPORT SCENARIO OF MARINE LUBRICANTS 110
FIGURE 33 MARINE LUBRICANT IMPORTS, BY KEY COUNTRY, 2014–2020 110
TABLE 16 MARINE LUBRICANT IMPORTS, BY REGION, 2014–2020 (USD BILLION) 110
6.7.2 EXPORT SCENARIO OF MARINE LUBRICANTS 111
FIGURE 34 MARINE LUBRICANT EXPORTS, BY KEY COUNTRY, 2014–2020 111
TABLE 17 MARINE LUBRICANT EXPORTS, BY REGION, 2014–2020 (USD BILLION) 111
6.8 AVERAGE SELLING PRICE 112
FIGURE 35 AVERAGE SELLING PRICE OF MARINE LUBRICANTS, BY REGION (USD/KG) 112
TABLE 18 AVERAGE SELLING PRICE OF MARINE LUBRICANTS, BY REGION (USD/KG) 112
7 MARINE LUBRICANTS MARKET, BY OIL TYPE 113
7.1 INTRODUCTION 114
TABLE 19 BASE STOCK CLASSIFICATION 114
FIGURE 36 SYNTHETIC OIL TO BE FASTEST-GROWING OIL TYPE DURING FORECAST PERIOD 115
TABLE 20 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 115
TABLE 21 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 115
TABLE 22 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2016–2019 (KILOTON) 116
TABLE 23 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2020–2026 (KILOTON) 116
7.2 MINERAL OIL 116
7.2.1 DECREASING DEMAND FOR MINERAL OIL-BASED MARINE LUBRICANTS DUE TO THEIR TOXICITY 116
FIGURE 37 ASIA PACIFIC TO BE FASTEST-GROWING MINERAL OIL-BASED MARINE LUBRICANTS MARKET DURING FORECAST PERIOD 117
TABLE 24 MINERAL OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 117
TABLE 25 MINERAL OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 117
TABLE 26 MINERAL OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 118
TABLE 27 MINERAL OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (KILOTON) 118
7.3 SYNTHETIC OIL 119
7.3.1 SYNTHETIC OIL-BASED MARINE LUBRICANTS PERFORM BETTER UNDER EXTREME TEMPERATURE AND PRESSURE THAN OTHER OIL TYPES 119
FIGURE 38 EUROPE TO BE SECOND LARGEST MARKET FOR SYNTHETIC OIL-BASED MARINE LUBRICANTS DURING FORECAST PERIOD 119
TABLE 28 SYNTHETIC OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 119
TABLE 29 SYNTHETIC OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 120
TABLE 30 SYNTHETIC OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 120
TABLE 31 SYNTHETIC OIL-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (KILOTON) 121
7.4 BIO-BASED OIL 121
7.4.1 INCREASING MARINE LUBRICANT PRODUCTION USING BIO-BASED OIL DUE TO STRINGENT REGULATIONS 121
FIGURE 39 ASIA PACIFIC TO BE LARGEST MARKET FOR BIO-BASED MARINE LUBRICANTS DURING FORECAST PERIOD 121
TABLE 32 BIO-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (USD MILLION) 122
TABLE 33 BIO-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (USD MILLION) 122
TABLE 34 BIO-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (KILOTON) 122
TABLE 35 BIO-BASED MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (KILOTON) 123
8 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 124
8.1 INTRODUCTION 125
FIGURE 40 ENGINE OILS TO DOMINATE MARINE LUBRICANTS MARKET DURING FORECAST PERIOD 125
TABLE 36 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (USD MILLION) 125
TABLE 37 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2026 (USD MILLION) 125
TABLE 38 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (KILOTON) 126
TABLE 39 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2026 (KILOTON) 126
8.2 ENGINE OILS 126
8.2.1 REQUIREMENT FOR PROPER FUNCTIONING OF THE MARINE ENGINE TO DRIVE THE ENGINE OILS SEGMENT 126
FIGURE 41 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR ENGINE OILS SEGMENT DURING FORECAST PERIOD 127
TABLE 40 ENGINE OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (USD MILLION) 127
TABLE 41 ENGINE OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (USD MILLION) 127
TABLE 42 ENGINE OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (KILOTON) 128
TABLE 43 ENGINE OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (KILOTON) 128
8.2.2 CYLINDER OIL 128
8.2.3 SYSTEM OILS 128
8.3 HYDRAULIC FLUIDS 129
8.3.1 RISING DEMAND FOR HYDRAULIC EQUIPMENT TO DRIVE THE HYDRAULIC FLUIDS SEGMENT 129
FIGURE 42 NORTH AMERICA TO BE THIRD-LARGEST MARKET FOR HYDRAULIC FLUIDS SEGMENT 129
TABLE 44 HYDRAULIC FLUIDS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (USD MILLION) 129
TABLE 45 HYDRAULIC FLUIDS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (USD MILLION) 130
TABLE 46 HYDRAULIC FLUIDS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (KILOTON) 130
TABLE 47 HYDRAULIC FLUIDS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (KILOTON) 131
8.4 COMPRESSOR OILS 131
8.4.1 GROWING USE OF AIR COMPRESSORS, REFRIGERATION COMPRESSORS, AND AC COMPRESSORS TO DRIVE MARKET IN THIS SEGMENT 131
FIGURE 43 EUROPE TO BE SECOND-LARGEST FOR COMPRESSOR OILS SEGMENT 131
TABLE 48 COMPRESSOR OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION,
 2016–2019 (USD MILLION) 132
TABLE 49 COMPRESSOR OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (USD MILLION) 132
TABLE 50 COMPRESSOR OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (KILOTON) 133
TABLE 51 COMPRESSOR OILS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (KILOTON) 133
8.5 OTHERS 133
FIGURE 44 EUROPE TO BE SECOND-LARGEST MARKET FOR OTHER PRODUCT TYPES DURING FORECAST PERIOD 134
TABLE 52 OTHERS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (USD MILLION) 134
TABLE 53 OTHERS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (USD MILLION) 134
TABLE 54 OTHERS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2016–2019 (KILOTON) 135
TABLE 55 OTHERS: MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2020–2026 (KILOTON) 135
9 MARINE LUBRICANTS MARKET, BY SHIP TYPE 136
9.1 INTRODUCTION 137
FIGURE 45 BULK CARRIERS TO DOMINATE MARINE LUBRICANTS MARKET DURING FORECAST PERIOD 137
TABLE 56 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 
2016–2019 (USD MILLION) 137
TABLE 57 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 
2020–2026 (USD MILLION) 138
TABLE 58 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 2016–2019 (KILOTON) 138
TABLE 59 MARINE LUBRICANTS MARKET SIZE, BY SHIP TYPE, 2020–2026 (KILOTON) 138
9.2 BULK CARRIERS 139
TABLE 60 CLASSIFICATION OF BULK CARRIERS 139
9.3 TANKERS 139
TABLE 61 CLASSIFICATION OF TANKERS 139
9.4 CONTAINER SHIPS 140
9.5 OTHERS 140
10 MARINE LUBRICANTS MARKET, BY REGION 141
10.1 INTRODUCTION 142
FIGURE 46 ASIA PACIFIC TO BE FASTEST-GROWING MARINE LUBRICANTS MARKET DURING FORECAST PERIOD 142
TABLE 62 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 142
TABLE 63 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 143
TABLE 64 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 143
TABLE 65 MARINE LUBRICANTS MARKET SIZE, BY REGION, 2020–2026 (KILOTON) 144
10.2 NORTH AMERICA 144
FIGURE 47 NORTH AMERICA: MARINE LUBRICANTS MARKET SNAPSHOT 145
10.2.1 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 145
TABLE 66 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 145
TABLE 67 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 146
TABLE 68 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 146
TABLE 69 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 146
10.2.2 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 147
TABLE 70 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 147
TABLE 71 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 147
TABLE 72 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON) 147
TABLE 73 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON) 148
10.2.3 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY 148
TABLE 74 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 148
TABLE 75 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (USD MILLION) 148
TABLE 76 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 149
TABLE 77 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (KILOTON) 149
10.2.3.1 US 149
10.2.3.1.1 Rising domestic and international maritime trade driving the market 149
TABLE 78 US: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 150
TABLE 79 US: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 150
TABLE 80 US: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2016–2019 (KILOTON) 150
TABLE 81 US: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2020–2026 (KILOTON) 151
10.2.3.2 Canada 151
10.2.3.2.1 Increasing demand for bulk carriers, oil tankers, and container ships for the transport of commodities to drive the market 151
TABLE 82 CANADA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 151
TABLE 83 CANADA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 152
TABLE 84 CANADA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 152
TABLE 85 CANADA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 152
10.2.3.3 Mexico 153
10.2.3.3.1 Booming industrialization and rising population to increase demand for marine lubricants 153
TABLE 86 MEXICO: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 153
TABLE 87 MEXICO: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 154
TABLE 88 MEXICO: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 154
TABLE 89 MEXICO: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 154
10.3 ASIA PACIFIC 155
FIGURE 48 ASIA PACIFIC: MARINE LUBRICANTS MARKET SNAPSHOT 155
10.3.1 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE 156
TABLE 90 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 156
TABLE 91 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 156
TABLE 92 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 156
TABLE 93 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 157
10.3.2 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 157
TABLE 94 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 157
TABLE 95 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 157
TABLE 96 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON) 158
TABLE 97 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON) 158
10.3.3 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY 158
TABLE 98 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 158
TABLE 99 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (USD MILLION) 159
TABLE 100 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 160
TABLE 101 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (KILOTON) 160
10.3.3.1 China 161
10.3.3.1.1 High investment in domestic and international maritime trade activities to drive market 161
TABLE 102 CHINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 161
TABLE 103 CHINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 161
TABLE 104 CHINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE,
 2016–2019 (KILOTON) 162
TABLE 105 CHINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 162
10.3.3.2 Singapore 162
10.3.3.2.1 Being well-equipped for catering to the demand for marine services to support market growth 162
TABLE 106 SINGAPORE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 162
TABLE 107 SINGAPORE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 163
TABLE 108 SINGAPORE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 163
TABLE 109 SINGAPORE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 163
10.3.3.3 Hong Kong 163
10.3.3.3.1 Rise in trading activities to drive market 163
TABLE 110 HONG KONG: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 164
TABLE 111 HONG KONG: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 164
TABLE 112 HONG KONG: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 164
TABLE 113 HONG KONG: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 165
10.3.3.4 South Korea 165
10.3.3.4.1 Growing shipbuilding industry driving demand for marine lubricants 165
TABLE 114 SOUTH KOREA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 165
TABLE 115 SOUTH KOREA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 166
TABLE 116 SOUTH KOREA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 166
TABLE 117 SOUTH KOREA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 166
10.3.3.5 Malaysia 167
10.3.3.5.1 Growth in shipbuilding industry to drive market 167
TABLE 118 MALAYSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 167
TABLE 119 MALAYSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 167
TABLE 120 MALAYSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 168
TABLE 121 MALAYSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 168
10.3.3.6 Japan 168
10.3.3.6.1 Financial support provided by government bodies to drive market 168
TABLE 122 JAPAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 168
TABLE 123 JAPAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 169
TABLE 124 JAPAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 169
TABLE 125 JAPAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 169
10.3.3.7 Taiwan 170
10.3.3.7.1 Growth in export and maritime trade to drive market 170
TABLE 126 TAIWAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 170
TABLE 127 TAIWAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 170
TABLE 128 TAIWAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 170
TABLE 129 TAIWAN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 171
10.3.3.8 India 171
10.3.3.8.1 Economic growth, favorable government policies & incentive framework, and a long coastline, to drive market 171
TABLE 130 INDIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 171
TABLE 131 INDIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 172
TABLE 132 INDIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 172
TABLE 133 INDIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 172
10.3.3.9 Australia 173
10.3.3.9.1 Demand for marine lubricants in commercial vessels mainly driven by large exports of coal and metals 173
TABLE 134 AUSTRALIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 173
TABLE 135 AUSTRALIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 173
TABLE 136 AUSTRALIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 174
TABLE 137 AUSTRALIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 174
10.4 EUROPE 174
FIGURE 49 EUROPE: MARINE LUBRICANTS MARKET SNAPSHOT 175
10.4.1 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE 175
TABLE 138 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 175
TABLE 139 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 176
TABLE 140 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 176
TABLE 141 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 176
10.4.2 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 177
TABLE 142 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (USD MILLION) 177
TABLE 143 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2026 (USD MILLION) 177
TABLE 144 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (KILOTON) 177
TABLE 145 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2026 (KILOTON) 178
10.4.3 EUROPE MARINE LUBRICANTS MARKET, BY COUNTRY 178
TABLE 146 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 178
TABLE 147 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (USD MILLION) 179
TABLE 148 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 179
TABLE 149 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (KILOTON) 180
10.4.3.1 Germany 180
10.4.3.1.1 Growth of the maritime industry to drive demand for marine lubricants 180
TABLE 150 GERMANY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 180
TABLE 151 GERMANY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 181
TABLE 152 GERMANY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 181
TABLE 153 GERMANY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 181
10.4.3.2 Netherlands 181
10.4.3.2.1 Strong presence of the world’s leading manufacturers of high-end yachts and special vessels to drive market 181
TABLE 154 NETHERLANDS: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 182
TABLE 155 NETHERLANDS: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 182
TABLE 156 NETHERLANDS: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 182
TABLE 157 NETHERLANDS: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 183
10.4.3.3 Belgium 183
10.4.3.3.1 Geographical location makes Belgium an attractive market for marine lubricants 183
TABLE 158 BELGIUM: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 183
TABLE 159 BELGIUM: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 183
TABLE 160 BELGIUM: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 184
TABLE 161 BELGIUM: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 184
10.4.3.4 Spain 184
10.4.3.4.1 Spanish shipbuilding industry playing a major role in driving marine lubricants market 184
TABLE 162 SPAIN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 184
TABLE 163 SPAIN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE,
 2020–2026 (USD MILLION) 185
TABLE 164 SPAIN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE,
 2016–2019 (KILOTON) 185
TABLE 165 SPAIN: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 185
10.4.3.5 UK 186
10.4.3.5.1 One of the well-known manufacturing hubs for shipbuilding industry 186
TABLE 166 UK: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 186
TABLE 167 UK: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 186
TABLE 168 UK: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2016–2019 (KILOTON) 187
TABLE 169 UK: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2020–2026 (KILOTON) 187
10.4.3.6 Italy 187
10.4.3.6.1 Leading country for manufacturing fishing ships and cruise liners and the largest ferry fleet in Europe 187
TABLE 170 ITALY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 187
TABLE 171 ITALY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 188
TABLE 172 ITALY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 188
TABLE 173 ITALY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 188
10.4.3.7 France 188
10.4.3.7.1 Second-largest maritime zone in the world 188
TABLE 174 FRANCE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 189
TABLE 175 FRANCE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 189
TABLE 176 FRANCE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 189
TABLE 177 FRANCE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 190
10.4.3.8 Greece 190
10.4.3.8.1 Growing economy and investment in infrastructure to drive demand for marine lubricants 190
TABLE 178 GREECE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 190
TABLE 179 GREECE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 190
TABLE 180 GREECE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 191
TABLE 181 GREECE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 191
10.4.3.9 Turkey 191
10.4.3.9.1 Rise in the development of ships and other naval vessels to drive demand for marine lubricants 191
TABLE 182 TURKEY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 191
TABLE 183 TURKEY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 192
TABLE 184 TURKEY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 192
TABLE 185 TURKEY: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 192
10.4.3.10 Russia 193
10.4.3.10.1 Growing economy and investment in infrastructure to drive demand for marine lubricants 193
TABLE 186 RUSSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 193
TABLE 187 RUSSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 193
TABLE 188 RUSSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 194
TABLE 189 RUSSIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 194
10.5 MIDDLE EAST & AFRICA 194
10.5.1 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 195
TABLE 190 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2016–2019 (USD MILLION) 195
TABLE 191 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2020–2026 (USD MILLION) 195
TABLE 192 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2016–2019 (KILOTON) 195
TABLE 193 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2020–2026 (KILOTON) 196
10.5.2 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 196
TABLE 194 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 196
TABLE 195 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 196
TABLE 196 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON) 197
TABLE 197 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON) 197
10.5.3 MIDDLE EAST & AFRICA MARINE LUBRICANTS MARKET, BY COUNTRY 197
TABLE 198 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 197
TABLE 199 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION) 198
TABLE 200 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 198
TABLE 201 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2026 (KILOTON) 198
10.5.3.1 UAE 199
10.5.3.1.1 Increase in maritime activities in the UAE, owing to oil & gas exports, driving market 199
TABLE 202 UAE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 199
TABLE 203 UAE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 199
TABLE 204 UAE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 199
TABLE 205 UAE: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 200
10.5.3.2 Saudi Arabia 200
10.5.3.2.1 Strong foothold of shipbuilding, shipbreaking, and refurbishment companies to drive market 200
TABLE 206 SAUDI ARABIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 200
TABLE 207 SAUDI ARABIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 200
TABLE 208 SAUDI ARABIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 201
TABLE 209 SAUDI ARABIA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 201
10.5.3.3 South Africa 201
10.5.3.3.1 Increasing maritime traffic in South Africa to drive market 201
TABLE 210 SOUTH AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 202
TABLE 211 SOUTH AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 202
TABLE 212 SOUTH AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 202
TABLE 213 SOUTH AFRICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 203
10.6 SOUTH AMERICA 203
10.6.1 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 203
TABLE 214 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 203
TABLE 215 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION) 204
TABLE 216 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON) 204
TABLE 217 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON) 204
10.6.2 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 205
TABLE 218 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 205
TABLE 219 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 205
TABLE 220 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 205
TABLE 221 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 206
10.6.3 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY 206
TABLE 222 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 206
TABLE 223 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (USD MILLION) 206
TABLE 224 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 207
TABLE 225 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2026 (KILOTON) 207
10.6.3.1 Brazil 207
10.6.3.1.1 Rapidly expanding economy to drive demand for marine lubricants 207
TABLE 226 BRAZIL: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 207
TABLE 227 BRAZIL: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 208
TABLE 228 BRAZIL: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 208
TABLE 229 BRAZIL: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 208
10.6.3.2 Panama 208
10.6.3.2.1 The opening of the Panama Canal to generate more revenue for the country’s government and drive demand for marine lubricants 208
TABLE 230 PANAMA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE,
 2016–2019 (USD MILLION) 209
TABLE 231 PANAMA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 209
TABLE 232 PANAMA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 209
TABLE 233 PANAMA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 209
10.6.3.3 Argentina 210
10.6.3.3.1 Rapidly expanding economy to drive demand for marine lubricants 210
TABLE 234 ARGENTINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (USD MILLION) 210
TABLE 235 ARGENTINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (USD MILLION) 210
TABLE 236 ARGENTINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2016–2019 (KILOTON) 210
TABLE 237 ARGENTINA: MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 
2020–2026 (KILOTON) 211
11 COMPETITIVE LANDSCAPE 212
11.1 INTRODUCTION 212
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 212
FIGURE 50 OVERVIEW OF STRATEGIES ADOPTED BY MARINE LUBRICANT MANUFACTURERS 212
11.3 MARKET SHARE ANALYSIS 213
11.3.1 RANKING OF KEY MARKET PLAYERS 213
FIGURE 51 RANKING OF TOP FIVE PLAYERS IN MARINE LUBRICANTS MARKET, 2020 213
11.3.2 MARKET SHARE OF KEY PLAYERS, 2020 213
TABLE 238 MARINE LUBRICANTS MARKET: DEGREE OF COMPETITION 214
FIGURE 52 MARINE LUBRICANTS MARKET SHARE, BY COMPANY (2020) 214
11.3.2.1 ExxonMobil Corporation 215
11.3.2.2 Royal Dutch Shell Plc. 215
11.3.2.3 BP PLC. 215
11.3.2.4 TotalEnergies SE 216
11.3.2.5 Chevron Corporation 216
11.3.3 REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2016–2020 216
FIGURE 53 REVENUE ANALYSIS OF KEY COMPANIES FOR PAST FIVE YEARS 216
11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 217
FIGURE 54 MARINE LUBRICANTS MARKET: COMPANY PRODUCT FOOTPRINT 217
TABLE 239 MARINE LUBRICANTS MARKET: PRODUCT TYPE FOOTPRINT 218
TABLE 240 MARINE LUBRICANTS MARKET: SHIP TYPE FOOTPRINT 219
TABLE 241 MARINE LUBRICANTS MARKET: COMPANY REGION FOOTPRINT 220
11.5 COMPANY EVALUATION QUADRANT (TIER 1) 221
11.5.1 STARS 221
11.5.2 EMERGING LEADERS 221
FIGURE 55 MARINE LUBRICANTS MARKET: COMPANY EVALUATION QUADRANT, 2020 221
11.6 START-UP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 222
11.6.1 PROGRESSIVE COMPANIES 222
11.6.2 RESPONSIVE COMPANIES 222
11.6.3 STARTING BLOCKS 222
FIGURE 56 START-UP/SMES EVALUATION QUADRANT FOR MARINE LUBRICANTS MARKET 223
11.7 COMPETITIVE SITUATION AND TRENDS 224
11.7.1 NEW PRODUCT LAUNCHES 224
TABLE 242 MARINE LUBRICANTS MARKET: NEW PRODUCT LAUNCHES (2018 TO 2021) 224
11.7.2 DEALS 225
TABLE 243 MARINE LUBRICANTS MARKET: DEALS (2018 TO 2021) 225
11.7.3 OTHER DEVELOPMENTS 226
TABLE 244 MARINE LUBRICANTS MARKET: EXPANSIONS (2018 TO 2021) 226
12 COMPANY PROFILES 229
(Business Overview, Products Offered, Locations, Winning Imperatives, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 MAJOR PLAYERS 229
12.1.1 BP PLC. 229
FIGURE 57 BP PLC.: COMPANY SNAPSHOT 229
TABLE 245 BP PLC.: COMPANY OVERVIEW 230
TABLE 246 BP PLC.: OTHER DEVELOPMENTS 232
FIGURE 58 BP PLC.: WINNING IMPERATIVES 232
12.1.2 CHEVRON CORPORATION 234
FIGURE 59 CHEVRON CORPORATION: COMPANY SNAPSHOT 234
TABLE 247 CHEVRON CORPORATION: COMPANY OVERVIEW 235
TABLE 248 CHEVRON CORPORATION: NEW PRODUCT LAUNCHES 236
FIGURE 60 CHEVRON CORPORATION: WINNING IMPERATIVES 237
12.1.3 EXXONMOBIL CORPORATION 238
FIGURE 61 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT 238
TABLE 249 EXXONMOBIL CORPORATION: COMPANY OVERVIEW 239
TABLE 250 EXXONMOBIL CORPORATION: NEW PRODUCT LAUNCHES 240
TABLE 251 EXXONMOBIL CORPORATION: OTHER DEVELOPMENTS 240
FIGURE 62 EXXONMOBIL CORPORATION: WINNING IMPERATIVES 241
12.1.4 ROYAL DUTCH SHELL PLC 243
FIGURE 63 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT 243
TABLE 252 ROYAL DUTCH SHELL PLC.: COMPANY OVERVIEW 244
TABLE 253 ROYAL DUTCH SHELL PLC: DEALS 245
TABLE 254 ROYAL DUTCH SHELL PLC: OTHER DEVELOPMENTS 246
FIGURE 64 ROYAL DUTCH SHELL PLC.: WINNING IMPERATIVES 246
12.1.5 TOTALENERGIES SE 248
FIGURE 65 TOTALENERGIES SE: COMPANY SNAPSHOT 248
TABLE 255 TOTALENERGIES SE: COMPANY OVERVIEW 249
TABLE 256 TOTALENERGIES SE: NEW PRODUCT LAUNCH 250
TABLE 257 TOTALENERGIES SE: OTHER DEVELOPMENTS 251
FIGURE 66 TOTALENERGIES SE: WINNING IMPERATIVES SNAPSHOT 251
12.1.6 VALVOLINE 253
FIGURE 67 VALVOLINE: COMPANY SNAPSHOT 253
TABLE 258 VALVOLINE: COMPANY OVERVIEW 254
TABLE 259 VALVOLINE: DEALS 255
TABLE 260 VALVOLINE: OTHER DEVELOPMENTS 255
FIGURE 68 VALVOLINE: WINNING IMPERATIVES SNAPSHOT 255
12.1.7 PETRONAS 256
FIGURE 69 PETRONAS: COMPANY SNAPSHOT 256
TABLE 261 PETRONAS: COMPANY OVERVIEW 257
TABLE 262 PETRONAS: OTHER DEVELOPMENTS 258
FIGURE 70 PETRONAS: WINNING IMPERATIVES 258
12.1.8 LUKOIL 259
FIGURE 71 LUKOIL: COMPANY SNAPSHOT 259
TABLE 263 LUKOIL: COMPANY OVERVIEW 260
TABLE 264 LUKOIL: NEW PRODUCT LAUNCH 261
TABLE 265 LUKOIL: OTHER DEVELOPMENTS 261
FIGURE 72 LUKOIL: WINNING IMPERATIVES 262
12.1.9 IDEMITSU KOSAN CO., LTD 263
FIGURE 73 IDEMITSU KOSAN CO., LTD: COMPANY SNAPSHOT 263
TABLE 266 IDEMITSU KOSAN CO. LTD: COMPANY OVERVIEW 264
TABLE 267 IDEMITSU KOSAN CO., LTD: OTHER DEVELOPMENTS 265
FIGURE 74 IDEMITSU KOSAN CO. LTD: WINNING IMPERATIVES 265
12.1.10 CHINA PETROCHEMICAL CORPORATION (SINOPEC CORP.) 266
FIGURE 75 CHINA PETROCHEMICAL CORPORATION: COMPANY SNAPSHOT 266
TABLE 268 CHINA PETROCHEMICAL CORPORATION: COMPANY OVERVIEW 267
FIGURE 76 CHINA PETROCHEMICAL CORPORATION: WINNING IMPERATIVES 268
12.1.11 JX NIPPON OIL & ENERGY CORPORATION 269
FIGURE 77 JX NIPPON OIL & ENERGY CORPORATION: COMPANY SNAPSHOT 269
TABLE 269 JX NIPPON OIL & ENERGY CORPORATION: COMPANY OVERVIEW 270
FIGURE 78 JX NIPPON OIL & ENERGY CORPORATION: WINNING IMPERATIVES 271
12.1.12 GULF OIL INTERNATIONAL 272
TABLE 270 GULF OIL INTERNATIONAL: BUSINESS OVERVIEW 272
TABLE 271 GULF OIL INTERNATIONAL: DEALS 273
FIGURE 79 GULF OIL INTERNATIONAL: WINNING IMPERATIVES 273
12.1.13 EMIRATES NATIONAL OIL COMPANY (ENOC) 274
TABLE 272 ENOC: COMPANY OVERVIEW 274
TABLE 273 ENOC: OTHER DEVELOPMENTS 275
FIGURE 80 ENOC: WINNING IMPERATIVES 275
12.1.14 ENI S.P.A. 276
FIGURE 81 ENI S.P.A.: COMPANY SNAPSHOT 276
TABLE 274 ENI S.P.A.: COMPANY OVERVIEW 277
TABLE 275 ENI S.P.A.: OTHER DEVELOPMENTS 278
FIGURE 82 ENI S.P.A.: WINNING IMPERATIVES 278
12.1.15 INDIAN OIL CORPORATION 279
FIGURE 83 INDIAN OIL CORPORATION: COMPANY SNAPSHOT 279
TABLE 276 INDIAN OIL CORPORATION: COMPANY OVERVIEW 280
TABLE 277 INDIAN OIL CORPORATION: NEW PRODUCT LAUNCHES 281
TABLE 278 INDIAN OIL CORPORATION: OTHER DEVELOPMENTS 281
FIGURE 84 INDIAN OIL CORPORATION: WINNING IMPERATIVES 281
12.1.16 PETROCHINA COMPANY LIMITED 282
FIGURE 85 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 282
TABLE 279 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW 283
TABLE 280 PETROCHINA COMPANY LIMITED: OTHER DEVELOPMENTS 283
FIGURE 86 PETROCHINA COMPANY LIMITED: WINNING IMPERATIVES 284
12.1.17 SK INC. 285
FIGURE 87 SK INC.: COMPANY SNAPSHOT 285
TABLE 281 SK INC.: COMPANY OVERVIEW 286
FIGURE 88 SK INC.: WINNING IMPERATIVES 287
12.1.18 CEPSA 288
FIGURE 89 CEPSA: COMPANY SNAPSHOT 288
TABLE 282 CEPSA: COMPANY OVERVIEW 289
TABLE 283 CEPSA: OTHER DEVELOPMENTS 290
FIGURE 90 CEPSA: WINNING IMPERATIVES 290
12.1.19 GAZPROM NEFT 291
FIGURE 91 GAZPROM NEFT: COMPANY SNAPSHOT 291
TABLE 284 GAZPROM NEFT: COMPANY OVERVIEW 291
TABLE 285 GAZPROM NEFT: NEW PRODUCT LAUNCHES 293
TABLE 286 GAZPROM NEFT: OTHER DEVELOPMENTS 294
FIGURE 92 GAZPROM NEFT: WINNING IMPERATIVES 294
12.2 OTHER KEY MARKET PLAYERS 295
12.2.1 ADDINOL LUBE OIL GMBH 295
TABLE 287 ADDINOL LUBE OIL GMBH: BUSINESS OVERVIEW 295
12.2.2 BEL RAY COMPANY LLC. 295
TABLE 288 BEL RAY COMPANY LLC.: BUSINESS OVERVIEW 295
12.2.3 MORRIS LUBRICANTS 296
TABLE 289 MORRIS LUBRICANTS: BUSINESS OVERVIEW 296
12.2.4 PENRITE OIL 296
TABLE 290 PENRITE OIL: BUSINESS OVERVIEW 296
12.2.5 LIQUI MOLY GMBH 297
TABLE 291 LIQUI MOLY GMBH: BUSINESS OVERVIEW 297
12.2.6 DYADE LUBRICANTS 297
TABLE 292 DYADE LUBRICANTS.: BUSINESS OVERVIEW 297
*Details on Business Overview, Products Offered, Locations, Winning Imperatives, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS 298
13.1 INTRODUCTION 298
13.2 LIMITATIONS 298
13.3 LUBRICANTS MARKET 298
13.3.1 MARKET DEFINITION 298
13.3.2 MARKET OVERVIEW 299
13.4 LUBRICANTS MARKET, BY REGION 299
TABLE 293 LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 299
TABLE 294 LUBRICANTS MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 299
TABLE 295 LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 300
TABLE 296 LUBRICANTS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 300
13.4.1 ASIA PACIFIC 301
13.4.1.1 By country 301
TABLE 297 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 301
TABLE 298 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY,
 2020–2025 (KILOTON) 301
TABLE 299 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 302
TABLE 300 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (USD MILLION) 302
13.4.1.2 By base oil 303
TABLE 301 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (KILOTON) 303
TABLE 302 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (KILOTON) 303
TABLE 303 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (USD MILLION) 303
TABLE 304 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (USD MILLION) 303
13.4.1.3 By product type 304
TABLE 305 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (KILOTON) 304
TABLE 306 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (KILOTON) 304
TABLE 307 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (USD MILLION) 305
TABLE 308 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (USD MILLION) 305
13.4.2 NORTH AMERICA 305
13.4.2.1 By country 306
TABLE 309 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 306
TABLE 310 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY,
2020–2025 (KILOTON) 306
TABLE 311 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 306
TABLE 312 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 307
13.4.2.2 By base oil 307
TABLE 313 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (KILOTON) 307
TABLE 314 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL,
 2020–2025 (KILOTON) 307
TABLE 315 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (USD MILLION) 307
TABLE 316 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL,
2020–2025 (USD MILLION) 308
13.4.2.3 By product type 308
TABLE 317 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (KILOTON) 308
TABLE 318 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (KILOTON) 308
TABLE 319 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (USD MILLION) 309
TABLE 320 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 309
13.4.3 EUROPE 310
13.4.3.1 By country 310
TABLE 321 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 310
TABLE 322 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON) 311
TABLE 323 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 311
TABLE 324 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (USD MILLION) 312
13.4.3.2 By base oil 312
TABLE 325 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON) 312
TABLE 326 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON) 312
TABLE 327 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (USD MILLION) 313
TABLE 328 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (USD MILLION) 313
13.4.3.3 By product type 313
TABLE 329 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (KILOTON) 313
TABLE 330 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (KILOTON) 314
TABLE 331 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE,
 2016–2019 (USD MILLION) 314
TABLE 332 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE,
 2020–2025 (USD MILLION) 315
13.4.4 MIDDLE EAST & AFRICA 315
13.4.4.1 By country 315
TABLE 333 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 315
TABLE 334 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (KILOTON) 316
TABLE 335 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 316
TABLE 336 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (USD MILLION) 316
13.4.4.2 By base oil 317
TABLE 337 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (KILOTON) 317
TABLE 338 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (KILOTON) 317
TABLE 339 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (USD MILLION) 317
TABLE 340 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (USD MILLION) 318
13.4.4.3 By product type 318
TABLE 341 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON) 318
TABLE 342 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2025 (KILOTON) 318
TABLE 343 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 319
TABLE 344 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 319
13.4.5 SOUTH AMERICA 320
13.4.5.1 By country 320
TABLE 345 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (KILOTON) 320
TABLE 346 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (KILOTON) 320
TABLE 347 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2016–2019 (USD MILLION) 321
TABLE 348 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 
2020–2025 (USD MILLION) 321
13.4.5.2 By base oil 321
TABLE 349 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (KILOTON) 321
TABLE 350 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (KILOTON) 321
TABLE 351 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2016–2019 (USD MILLION) 322
TABLE 352 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 
2020–2025 (USD MILLION) 322
13.4.5.3 By product type 322
TABLE 353 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE,
2016–2019 (KILOTON) 322
TABLE 354 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (KILOTON) 323
TABLE 355 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2016–2019 (USD MILLION) 323
TABLE 356 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 
2020–2025 (USD MILLION) 324
14 APPENDIX 325
14.1 DISCUSSION GUIDE 325
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 328
14.3 AVAILABLE CUSTOMIZATIONS 330
14.4 RELATED REPORTS 330
14.5 AUTHOR DETAILS 331

 

 

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