Marine Chemicals Market, By Product Type, By Application, By Geography

Description

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

Figure. Marine Chemicals Market Share (%), By Region 2024

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

Product Code: CMI7292

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
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