Global Marine Grease Report Thumbnail

Global Marine Grease Market by Thicker Type (Lithium Complex, Calcium), by End-Use (Tankers, Bulk Carrier & Cargo Ships, Passenger Ships) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-75155
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 92
  • No. Of Pages: 213
  • Format:
  • Pub. Date: 2021-10-21
  • Share:

Summary of the Report

In 2016, the global marine grease market was worth USD 238.9 millions. The market's growth is being driven by the increasing demand for shipping services worldwide due to increased international trade. The market will continue to grow due to the development of new waterways, and strong growth in the shipbuilding industry.

U.S. Marine Grease Market by End-Use, 2014-2025 (USD Million).

Because of its superior properties, marine grease is widely used in shipping. It has high-pressure additives that increase load carrying capacity, higher temperature range, thermal stability, corrosion protection and longer lubrication intervals. It improves the ship's overall efficiency.

In 2016, the US market was valued at USD 30.7million. It is expected to grow at 4.2% CAGR between 2017 and 2025. The country's infrastructure for water transport and growing international trade are driving the market. The demand is expected to rise due to robust growth in the end use segment.

Marine grease reduces friction between rotating parts of machines to improve output efficiency and the efficiency of engines, machinery, as well as other components in the ship. It can also gel up with water and function efficiently even after water loss. The shipping industry is one of the most common uses for lithium complex grease.

The market growth is expected to be slowed by the existence of global regulatory standards for a clean environment. Diverse hazardous issues could arise from the accidental release of lubricants into aquatic bodies. This is why strict regulations have been set by regulatory bodies like REACH and VGP. Vessel General Permit (VGP), regulations have been issued by the U.S. EPA for the use of environmentally-friendly lubricants on commercial vessels over 79 feet.

Thicker Type Insights

Many thicker marine greases are used in the shipping industry as a lubricant. These include lithium or lithium complex, lithium, polyurea aluminum, magnesium, organo clay and barium. The unique additive system of lithium complex grease provides maximum lubrication in the most demanding operating conditions. It can be used in many shipping applications, including outboards and trailer wheel bearings, trailer chassis lubrication, wheel bearings, and trailer wheel bearings.

Global calcium thicker segment was valued at USD 37.2 millions in 2016. It is expected to grow at 3.7% between 2017 and 2025. Anhydrous grease, it is resistant to water and has additives that protect against oxidation or rust. It is also used extensively in boat trailers and wheel bearings.

End-use Insights

Marine grease is widely used in many end-use segments, including bulk carrier and cargo ships, passenger vessels, tankers, etc. Because of the increasing amount of heavy cargo and products being transported by ships, marine grease is most commonly used in bulk carriers and cargo ships. Marine grease is needed to keep the ship's efficiency and performance in check due to the increasing transshipment of cargoes via ships.

In 2016, the passenger ship segment was valued at USD 59.9million. It is expected to grow at a 5.2% CAGR between 2017 and 2025. The passenger ship segment is experiencing a boom due to increased passenger capacity, new ports, and diversification. Other end-use segments are special purpose vessels and service vessels, offshore vessels, yachts, and yachts.

Regional Insights

Asia Pacific was the dominant market for marine grease in 2016, and this trend is expected to continue for the next eight years. It was worth USD 88.2 millions in 2016, and is expected to grow at a 5.3% CAGR from 2017 to 2025. This region is experiencing an increase in industrialization, new waterways development and growing coastal economies.

Market for marine grease worldwide, 2016 (USD Million), (%)

Asia Pacific was closely followed by Europe in 2016, and is expected to continue growing at 4.6% during the forecast period. Key factors driving this growth are the flourishing maritime transport industry and the existence of ship transport infrastructure.

Marine Grease Market Share Information

British Petroleum, CHEVRON Lubricants, Exxon Mobil Company, Gulf Oil Marine Ltd, Lucas Oil Products Inc, LUK OilMarine, Old World Industries, Penrite Oil Co., Ltd, Royal Dutch Shell Company, Total Lubmarine, Warren Oil are the major players in this global market. These companies focus on making non-hazardous, environmentally-friendly marine grease products.

Marine Grease Market Report Scope

The report covers segments

This report forecasts volume and revenue growth at the national, regional, and global levels. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global marine grease market based on thickness, end-use and location.

  • Thicker Type Outlook (Revenue USD Million, 2014-2025)

    • Complex Lithium

    • Calcium

    • Other

  • End-use Outlook (Revenue USD Million, 2014-2025)

    • Bulk Carrier & Cargo Ships

    • Passenger Ships

    • Tankers

    • Other

  • Regional Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • Netherlands

    • Asia Pacific

      • China

      • India

      • Japan

      • Singapore

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

These are the most frequently asked questions about this report

b. The market for marine grease worldwide was valued at USD 266.7 million in 2019, and is forecast to grow to USD 278.7 millions in 2020.

b. The global marine grease market will grow at a compound annual rate of 4.4% between 2017 and 2025, reaching USD 348.4 millions by 2025.

b. With a 38.0% share in 2019, Asia Pacific was the dominant market for marine grease. This can be attributed to the increasing industrialization of the region and development of new waterways as well as growing coastal economies.

b. British Petroleum, CHEVRON Lubricants, Exxon Mobil Company, Gulf Oil Marine Ltd, Lucas Oil Products Inc, LUK OilMarine, Old World Industries, Penrite Oil Co., Ltd, Royal Dutch Shell Company, Total Lubmarine, Warren Oil are some of the key players in the marine grease industry.

b. b.

Up Market Research published a new report titled “Marine Grease Market research report which is segmented by Thicker Type (Lithium Complex, Calcium), by End-Use (Tankers, Bulk Carrier & Cargo Ships, Passenger Ships), By Players/Companies Lucas Oil Products Inc, Ltd, Exxon Mobil Company, CHEVRON Lubricants, Penrite Oil Co, Royal Dutch Shell Company, LUK OilMarine, Gulf Oil Marine Ltd, Old World Industries, Warren Oil The companies are focusing on manufacturing non-hazardous and environment-friendly marine grease products, British Petroleum, Total Lubmarine”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleMarine Grease Market Research Report
By Thicker TypeLithium Complex, Calcium
By End-UseTankers, Bulk Carrier & Cargo Ships, Passenger Ships
By CompaniesLucas Oil Products Inc, Ltd, Exxon Mobil Company, CHEVRON Lubricants, Penrite Oil Co, Royal Dutch Shell Company, LUK OilMarine, Gulf Oil Marine Ltd, Old World Industries, Warren Oil The companies are focusing on manufacturing non-hazardous and environment-friendly marine grease products, British Petroleum, Total Lubmarine
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages213
Number of Tables & Figures150
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Marine Grease Industry Outlook

Global Marine Grease Market Report Segments:

The market is segmented by Thicker Type (Lithium Complex, Calcium), by End-Use (Tankers, Bulk Carrier & Cargo Ships, Passenger Ships).

Marine Grease Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Marine Grease Market

Overview of the regional outlook of the Marine Grease Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Marine Grease Market Overview

Highlights of The Marine Grease Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Marine Grease Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Thicker Type:

                1. Lithium Complex

                2. Calcium

        7. By End-Use:

                1. Tankers

                2. Bulk Carrier & Cargo Ships

                3. Passenger Ships

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Marine Grease Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Marine Grease Market Trends

Reasons to Purchase the Marine Grease Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Grease Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Marine Grease Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Marine Grease Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Marine Grease Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Marine Grease Market Size & Forecast, 2018-2028 
      4.5.1 Marine Grease Market Size and Y-o-Y Growth 
      4.5.2 Marine Grease Market Absolute $ Opportunity 


Chapter 5 Global Marine Grease Market Analysis and Forecast by Thicker Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Thicker Type
      5.1.2 Basis Point Share (BPS) Analysis by Thicker Type
      5.1.3 Absolute $ Opportunity Assessment by Thicker Type
   5.2 Marine Grease Market Size Forecast by Thicker Type
      5.2.1 Lithium Complex
      5.2.2 Calcium
   5.3 Market Attractiveness Analysis by Thicker Type

Chapter 6 Global Marine Grease Market Analysis and Forecast by End-Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End-Use
      6.1.2 Basis Point Share (BPS) Analysis by End-Use
      6.1.3 Absolute $ Opportunity Assessment by End-Use
   6.2 Marine Grease Market Size Forecast by End-Use
      6.2.1 Tankers
      6.2.2 Bulk Carrier & Cargo Ships
      6.2.3 Passenger Ships
   6.3 Market Attractiveness Analysis by End-Use

Chapter 7 Global Marine Grease Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Marine Grease Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Marine Grease Analysis and Forecast
   9.1 Introduction
   9.2 North America Marine Grease Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Marine Grease Market Size Forecast by Thicker Type
      9.6.1 Lithium Complex
      9.6.2 Calcium
   9.7 Basis Point Share (BPS) Analysis by Thicker Type 
   9.8 Absolute $ Opportunity Assessment by Thicker Type 
   9.9 Market Attractiveness Analysis by Thicker Type
   9.10 North America Marine Grease Market Size Forecast by End-Use
      9.10.1 Tankers
      9.10.2 Bulk Carrier & Cargo Ships
      9.10.3 Passenger Ships
   9.11 Basis Point Share (BPS) Analysis by End-Use 
   9.12 Absolute $ Opportunity Assessment by End-Use 
   9.13 Market Attractiveness Analysis by End-Use

Chapter 10 Europe Marine Grease Analysis and Forecast
   10.1 Introduction
   10.2 Europe Marine Grease Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Marine Grease Market Size Forecast by Thicker Type
      10.6.1 Lithium Complex
      10.6.2 Calcium
   10.7 Basis Point Share (BPS) Analysis by Thicker Type 
   10.8 Absolute $ Opportunity Assessment by Thicker Type 
   10.9 Market Attractiveness Analysis by Thicker Type
   10.10 Europe Marine Grease Market Size Forecast by End-Use
      10.10.1 Tankers
      10.10.2 Bulk Carrier & Cargo Ships
      10.10.3 Passenger Ships
   10.11 Basis Point Share (BPS) Analysis by End-Use 
   10.12 Absolute $ Opportunity Assessment by End-Use 
   10.13 Market Attractiveness Analysis by End-Use

Chapter 11 Asia Pacific Marine Grease Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Marine Grease Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Marine Grease Market Size Forecast by Thicker Type
      11.6.1 Lithium Complex
      11.6.2 Calcium
   11.7 Basis Point Share (BPS) Analysis by Thicker Type 
   11.8 Absolute $ Opportunity Assessment by Thicker Type 
   11.9 Market Attractiveness Analysis by Thicker Type
   11.10 Asia Pacific Marine Grease Market Size Forecast by End-Use
      11.10.1 Tankers
      11.10.2 Bulk Carrier & Cargo Ships
      11.10.3 Passenger Ships
   11.11 Basis Point Share (BPS) Analysis by End-Use 
   11.12 Absolute $ Opportunity Assessment by End-Use 
   11.13 Market Attractiveness Analysis by End-Use

Chapter 12 Latin America Marine Grease Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Marine Grease Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Marine Grease Market Size Forecast by Thicker Type
      12.6.1 Lithium Complex
      12.6.2 Calcium
   12.7 Basis Point Share (BPS) Analysis by Thicker Type 
   12.8 Absolute $ Opportunity Assessment by Thicker Type 
   12.9 Market Attractiveness Analysis by Thicker Type
   12.10 Latin America Marine Grease Market Size Forecast by End-Use
      12.10.1 Tankers
      12.10.2 Bulk Carrier & Cargo Ships
      12.10.3 Passenger Ships
   12.11 Basis Point Share (BPS) Analysis by End-Use 
   12.12 Absolute $ Opportunity Assessment by End-Use 
   12.13 Market Attractiveness Analysis by End-Use

Chapter 13 Middle East & Africa (MEA) Marine Grease Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Marine Grease Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Marine Grease Market Size Forecast by Thicker Type
      13.6.1 Lithium Complex
      13.6.2 Calcium
   13.7 Basis Point Share (BPS) Analysis by Thicker Type 
   13.8 Absolute $ Opportunity Assessment by Thicker Type 
   13.9 Market Attractiveness Analysis by Thicker Type
   13.10 Middle East & Africa (MEA) Marine Grease Market Size Forecast by End-Use
      13.10.1 Tankers
      13.10.2 Bulk Carrier & Cargo Ships
      13.10.3 Passenger Ships
   13.11 Basis Point Share (BPS) Analysis by End-Use 
   13.12 Absolute $ Opportunity Assessment by End-Use 
   13.13 Market Attractiveness Analysis by End-Use

Chapter 14 Competition Landscape 
   14.1 Marine Grease Market: Competitive Dashboard
   14.2 Global Marine Grease Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Lucas Oil Products Inc
      14.3.2 Ltd
      14.3.3 Exxon Mobil Company
      14.3.4 CHEVRON Lubricants
      14.3.5 Penrite Oil Co
      14.3.6 Royal Dutch Shell Company
      14.3.7 LUK OilMarine
      14.3.8 Gulf Oil Marine Ltd
      14.3.9 Old World Industries
      14.3.10 Warren Oil The companies are focusing on manufacturing non-hazardous and environment-friendly marine grease products
      14.3.11 British Petroleum
      14.3.12 Total Lubmarine
Segments Covered in the Report
The global Marine Grease market has been segmented based on

By Thicker Type
  • Lithium Complex
  • Calcium
By End-Use
  • Tankers
  • Bulk Carrier & Cargo Ships
  • Passenger Ships
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Lucas Oil Products Inc
  • Ltd
  • Exxon Mobil Company
  • CHEVRON Lubricants
  • Penrite Oil Co
  • Royal Dutch Shell Company
  • LUK OilMarine
  • Gulf Oil Marine Ltd
  • Old World Industries
  • Warren Oil The companies are focusing on manufacturing non-hazardous and environment-friendly marine grease products
  • British Petroleum
  • Total Lubmarine

Buy Report