PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550744
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550744
Marine Chemicals Market, By Product Type, By Application, By Geography
The global marine chemicals market is estimated to be valued at USD 4.32 Bn in 2024 and is expected to reach USD 6.15 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 4.32 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.20% | 2031 Value Projection: | US$ 6.15 Bn |
The global marine chemicals market has been witnessing significant growth over the past few years. Factors such as increasing maritime trade activities, expansion of offshore oil & gas exploration projects, and stringent environmental regulations regarding sulfur emissions from ships are driving the demand for various marine chemicals. The market for marine chemicals is broadly categorized into product types such as marine lubricants & hydraulic fluids, rust preventives & corrosion inhibitors, biocides, anti-fouling agents, oil spill management products, and others. Marine chemical manufacturers are engaging in new product development and strategic collaborations to strengthen their market position. Additionally, tightening environmental norms regarding marine fuel quality are compelling vessel owners to use high-performance marine chemicals for safer and sustainable operations.
Market Dynamics:
The key drivers propelling the global marine chemicals market include rapid growth of international seaborne trade owing to globalization, positive outlook of the shipping industry, and stringent environmental regulations enforced by International Maritime Organization (IMO) to curb sulfur emissions from ships. Furthermore, expansion of offshore oil & gas activities and construction of new maritime infrastructure are creating significant demand for marine chemicals. However, volatility in raw material prices poses a major challenge for market players. Moreover, availability of environment-friendly substitutes may hinder the demand for conventional anti-fouling coatings. On the positive side, growing R&D investments for bio-based and advanced coating technologies present lucrative opportunities in the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global marine chemicals market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global marine chemicals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Total Group, Aqua Marine Chemicals, CHEMO Marine Chemicals, Unitech Chemicals, Gard, Wilhelmsen Ships Service, Marichem Marigases Worldwide Services, Unikem Industries, Chemtura Corporation, Clariant, BASF, Evonik Industries, Ecolab, Kemira, Lonza, Buckman, Solenis, Nalco Champion, Dorf Ketal, and Innospec
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global marine chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marine chemicals market
Detailed Segmentation:
- Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Fuel Oil Additives
- Lubricants
- Water Treatment Chemicals
- Cargo Additives
- Others
- Application Insights (Revenue, USD Bn, 2019 - 2031)
- Shipping
- Shipyards
- Offshore Oil and Gas
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Total Group
- Aqua Marine Chemicals
- CHEMO Marine Chemicals
- Unitech Chemicals
- Gard
- Wilhelmsen Ships Service
- Marichem Marigases Worldwide Services
- Unikem Industries
- Chemtura Corporation
- Clariant
- BASF
- Evonik Industries
- Ecolab
- Kemira
- Lonza
- Buckman
- Solenis
- Nalco Champion
- Dorf Ketal
- Innospec
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Marine Chemicals Market, By Product Type
- Global Marine Chemicals Market, By Application
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Marine Chemicals Market, By Product Type, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Fuel Oil Additives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Lubricants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Water Treatment Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cargo Additives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Marine Chemicals Market, By Application , 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Shipping
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Shipyards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Offshore Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Marine Chemicals Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
7. COMPETITIVE LANDSCAPE
- Total Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aqua Marine Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CHEMO Marine Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Unitech Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gard
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Wilhelmsen Ships Service
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Marichem Marigases Worldwide Services
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Unikem Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Chemtura Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Clariant
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BASF
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Evonik Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ecolab
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kemira
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lonza
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Buckman
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Solenis
- Nalco Champion
- Dorf Ketal
- Innospec
8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
9. References and Research Methodology
- References
- Research Methodology
- About us
