The market size of marine lubricants is estimated to be USD 5.40 Billion in 2016 and is projected to reach USD 6.02 Billion by 2021, registering a CAGR of 2.2% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021.

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Research Methodology

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the marine lubricants market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the market has been split into several segments and sub-segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:
Ecosystem

The Marine Lubricants value chain includes companies such as Total S.A. (France), BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), and Chevron Corporation (U.S.) that manufacture different types of marine lubricants. The base stock used in the formulation varies as per the end-use application. The Group-I to Group-III base stocks are used to manufacture mineral oil which is refined from petroleum crude oil. While, Group-IV base oils are polyalphaolefins (PAO) and Group-V base oils are categorized as all other base oils including phosphate ester, polyalkylene glycol (PAG), polyolester, silicone, biolubes, and others. These Group-IV and Group-V base oils are used for formulating synthetic marine lubricants.

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The target audiences for the marine lubricants market report are as follows:
• Marine lubricant manufacturers
• Marine lubricant suppliers and distributors
• Raw material suppliers
• Maritime industry
• Government bodies

Scope of the Report
This report categorizes the global market of marine lubricants on the basis of oil type, application, ship type, and region.
Marine lubricants market, by Oil Type:
• Mineral oil
• Synthetic oil
• Bio-based oil
• Grease

Marine lubricants market, by Application:
• Engine
• Hydraulic
• Compressor
• Others (turbine oil, gear oil, and heat transfer fluid)

Marine lubricants market, by Ship Type:
• Cargo Ships
• Tankers (Oil, Gas, and Chemical)
• Container Ships
• Others (Passenger, Reefers, Ro-Ro, and Service Ships)

Marine lubricants market, by Region:
• Asia-Pacific
• North America
• Europe
• Middle East & Africa
• Central & South America

List of Figures (40 Figures)
Figure 1 Marine Lubricants: Market Segmentation
Figure 2 Marine Lubricants Market: Research Design
Figure 3 Marine Lubricants Market: Data Triangulation
Figure 4 Mineral Oil to Dominate the Marine Lubricants Market
Figure 5 Engines Application Accounted for the Largest Share of the Marine Lubricants Market in 2015
Figure 6 Cargo Ships to Accounts for the Largest Market Share
Figure 7 Asia-Pacific to Register the Highest CAGR in the Marine Lubricants Market
Figure 8 Long-Term Growth Prospects for the Marine Lubricants Market Between 2016 and 2021
Figure 9 Asia-Pacific to Be the Fastest Growing Market for Marine Lubricants
Figure 10 Mineral Oil Accounted for the Largest Market Share
And More….

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