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PUBLISHER: IMARC | PRODUCT CODE: 1379107

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PUBLISHER: IMARC | PRODUCT CODE: 1379107

Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Abstract

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 4.1% during 2022-2028.

Marine grease is a semi-solid lubricant with jelly-like consistency used for protecting marine vessels from corrosion, wear and tear and water washout by maintaining an oil film to prevent metal-to-metal contact between the cylinder liner and piston rings. It facilitates siding and rolling motion and is manufactured by blending mineral oils with asphaltic oils and soap or bio-based materials. Some commonly used marine greases include engine, hydraulic, compressors, slideways, gear, heat transfer and turbine oils. They are hydrophobic in nature and exhibit various advantageous properties, such as high viscosity index, thermal resistance and minimal rusting and oxidation. They also act as sealants to prevent water from entering the vessels. As a result, they are widely used in bulker, tanker, container and passenger ships, along with service, special purpose and offshore vessels.

Marine Grease Market Trends:

Significant growth in the shipping industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing international trade activities and the development of new waterways are providing a thrust to the market growth. Marine greases are widely used for maintaining the efficiency of the vessels. They offer a wider temperature range, high mechanical and thermal stability, corrosion protection and longer lubrication intervals. In line with this, the increasing requirement for high engine performance and protection is also resulting in the widespread adoption of marine cylinder oils. Additionally, various product innovations, such as the development of bio-based and environment-friendly marine lubricants, are acting as other growth-inducing factors. These novel variants are manufactured using renewable and non-bio accumulative materials with low sulfur levels. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting marine trade activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global marine grease market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on thicker type and end use.

Breakup by Thicker Type:

Lithium Complex

Calcium

Others

Breakup by End Use:

Bulk Carrier and Cargo Ship

Passenger Ships

Tankers

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

  • 1. How big is the global marine grease market?
  • 2. What is the expected growth rate of the global marine grease market during 2023-2028?
  • 3. What are the key factors driving the global marine grease market?
  • 4. What has been the impact of COVID-19 on the global marine grease market?
  • 5. What is the breakup of the global marine grease market based on the thicker type?
  • 6. What is the breakup of the global marine grease market based on the end use?
  • 7. What are the key regions in the global marine grease market?
  • 8. Who are the key players/companies in the global marine grease market?
Product Code: SR112023A4024

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Marine Grease Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Thicker Type

  • 6.1 Lithium Complex
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Calcium
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Others
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by End Use

  • 7.1 Bulk Carrier and Cargo Ship
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Passenger Ships
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Tankers
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 United States
      • 8.1.1.1 Market Trends
      • 8.1.1.2 Market Forecast
    • 8.1.2 Canada
      • 8.1.2.1 Market Trends
      • 8.1.2.2 Market Forecast
  • 8.2 Asia-Pacific
    • 8.2.1 China
      • 8.2.1.1 Market Trends
      • 8.2.1.2 Market Forecast
    • 8.2.2 Japan
      • 8.2.2.1 Market Trends
      • 8.2.2.2 Market Forecast
    • 8.2.3 India
      • 8.2.3.1 Market Trends
      • 8.2.3.2 Market Forecast
    • 8.2.4 South Korea
      • 8.2.4.1 Market Trends
      • 8.2.4.2 Market Forecast
    • 8.2.5 Australia
      • 8.2.5.1 Market Trends
      • 8.2.5.2 Market Forecast
    • 8.2.6 Indonesia
      • 8.2.6.1 Market Trends
      • 8.2.6.2 Market Forecast
    • 8.2.7 Others
      • 8.2.7.1 Market Trends
      • 8.2.7.2 Market Forecast
  • 8.3 Europe
    • 8.3.1 Germany
      • 8.3.1.1 Market Trends
      • 8.3.1.2 Market Forecast
    • 8.3.2 France
      • 8.3.2.1 Market Trends
      • 8.3.2.2 Market Forecast
    • 8.3.3 United Kingdom
      • 8.3.3.1 Market Trends
      • 8.3.3.2 Market Forecast
    • 8.3.4 Italy
      • 8.3.4.1 Market Trends
      • 8.3.4.2 Market Forecast
    • 8.3.5 Spain
      • 8.3.5.1 Market Trends
      • 8.3.5.2 Market Forecast
    • 8.3.6 Russia
      • 8.3.6.1 Market Trends
      • 8.3.6.2 Market Forecast
    • 8.3.7 Others
      • 8.3.7.1 Market Trends
      • 8.3.7.2 Market Forecast
  • 8.4 Latin America
    • 8.4.1 Brazil
      • 8.4.1.1 Market Trends
      • 8.4.1.2 Market Forecast
    • 8.4.2 Mexico
      • 8.4.2.1 Market Trends
      • 8.4.2.2 Market Forecast
    • 8.4.3 Others
      • 8.4.3.1 Market Trends
      • 8.4.3.2 Market Forecast
  • 8.5 Middle East and Africa
    • 8.5.1 Market Trends
    • 8.5.2 Market Breakup by Country
    • 8.5.3 Market Forecast

9 SWOT Analysis

  • 9.1 Overview
  • 9.2 Strengths
  • 9.3 Weaknesses
  • 9.4 Opportunities
  • 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players
  • 13.3 Profiles of Key Players
    • 13.3.1 BP p.l.c.
      • 13.3.1.1 Company Overview
      • 13.3.1.2 Product Portfolio
      • 13.3.1.3 Financials
      • 13.3.1.4 SWOT Analysis
    • 13.3.2 Chevron Corporation
      • 13.3.2.1 Company Overview
      • 13.3.2.2 Product Portfolio
      • 13.3.2.3 Financials
      • 13.3.2.4 SWOT Analysis
    • 13.3.3 ENEOS Corporation
      • 13.3.3.1 Company Overview
      • 13.3.3.2 Product Portfolio
    • 13.3.4 Gulf Oil Marine Ltd
      • 13.3.4.1 Company Overview
      • 13.3.4.2 Product Portfolio
    • 13.3.5 Idemitsu Kosan Co. Ltd.
      • 13.3.5.1 Company Overview
      • 13.3.5.2 Product Portfolio
      • 13.3.5.3 Financials
      • 13.3.5.4 SWOT Analysis
    • 13.3.6 Lucas Oil Products Inc
      • 13.3.6.1 Company Overview
      • 13.3.6.2 Product Portfolio
    • 13.3.7 Lukoil Marine Lubricants DMCC
      • 13.3.7.1 Company Overview
      • 13.3.7.2 Product Portfolio
    • 13.3.8 Penrite Oil
      • 13.3.8.1 Company Overview
      • 13.3.8.2 Product Portfolio
    • 13.3.9 Royal Dutch Shell plc
      • 13.3.9.1 Company Overview
      • 13.3.9.2 Product Portfolio
      • 13.3.9.3 Financials
    • 13.3.10 TotalEnergies SE
      • 13.3.10.1 Company Overview
      • 13.3.10.2 Product Portfolio
      • 13.3.10.3 Financials
      • 13.3.10.4 SWOT Analysis
    • 13.3.11 Warren Oil Company LLC
      • 13.3.11.1 Company Overview
      • 13.3.11.2 Product Portfolio
Product Code: SR112023A4024

List of Figures

  • Figure 1: Global: Marine Grease Market: Major Drivers and Challenges
  • Figure 2: Global: Marine Grease Market: Sales Value (in Million US$), 2017-2022
  • Figure 3: Global: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 4: Global: Marine Grease Market: Breakup by Thicker Type (in %), 2022
  • Figure 5: Global: Marine Grease Market: Breakup by End Use (in %), 2022
  • Figure 6: Global: Marine Grease Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Marine Grease (Lithium Complex) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 8: Global: Marine Grease (Lithium Complex) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 9: Global: Marine Grease (Calcium) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Marine Grease (Calcium) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Marine Grease (Other Thicker Types) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Marine Grease (Other Thicker Types) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Marine Grease (Bulk Carrier and Cargo Ship) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Marine Grease (Bulk Carrier and Cargo Ship) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Marine Grease (Passenger Ships) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Marine Grease (Passenger Ships) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Marine Grease (Tankers) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Marine Grease (Tankers) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Marine Grease (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Marine Grease (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: North America: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: North America: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: United States: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: United States: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Canada: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Canada: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Asia-Pacific: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Asia-Pacific: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: China: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: China: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Japan: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Japan: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: India: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: India: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: South Korea: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: South Korea: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Australia: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Australia: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: Indonesia: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: Indonesia: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Others: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Others: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Europe: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Europe: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: Germany: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: Germany: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: France: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: France: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: United Kingdom: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: United Kingdom: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: Italy: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: Italy: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: Spain: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: Spain: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Russia: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Russia: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Others: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Others: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: Latin America: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: Latin America: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Brazil: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Brazil: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: Mexico: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: Mexico: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: Others: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: Others: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Middle East and Africa: Marine Grease Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Middle East and Africa: Marine Grease Market: Breakup by Country (in %), 2022
  • Figure 69: Middle East and Africa: Marine Grease Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Global: Marine Grease Industry: SWOT Analysis
  • Figure 71: Global: Marine Grease Industry: Value Chain Analysis
  • Figure 72: Global: Marine Grease Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Marine Grease Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Marine Grease Market Forecast: Breakup by Thicker Type (in Million US$), 2023-2028
  • Table 3: Global: Marine Grease Market Forecast: Breakup by End Use (in Million US$), 2023-2028
  • Table 4: Global: Marine Grease Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 5: Global: Marine Grease Market: Competitive Structure
  • Table 6: Global: Marine Grease Market: Key Players
Have a question?
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Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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