PUBLISHER: TechNavio | PRODUCT CODE: 1453820
PUBLISHER: TechNavio | PRODUCT CODE: 1453820
The marine lubricants market is forecasted to grow by USD 41.21 mn during 2023-2028, accelerating at a CAGR of 2.49% during the forecast period. The report on the marine lubricants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for optimized engine performance and fuel efficiency, development of shipping industry, and increase in naval expenditure.
Technavio's marine lubricants market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.26% |
CAGR | 2.49% |
Incremental Value | $41.21mn |
By Application
By Type
By Geographical Landscape
This study identifies the growth in use of bio-based lubricants as one of the prime reasons driving the marine lubricants market growth during the next few years. Also, increasing demand for marine lubricants from commercial segment and increase in maritime trade and transport will lead to sizable demand in the market.
The report on the marine lubricants market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine lubricants market vendors that include Benjn.R.Vickers and Sons Ltd., BP Plc, Chevron Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc, Eni SpA, Exxon Mobil Corp., Feoso Oil Ltd., FUCHS PETROLUB SE, Gulf Oil International Ltd, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PJSC LUKOIL, Repsol SA, Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Valvoline Inc., TotalEnergies SE, Emirates National Oil Co. Ltd. LLC, and Gazprom Nedra LLC. Also, the marine lubricants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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