$464.1 Million Worldwide Marine Grease Industry to 2027

DUBLIN, Dec. 30, 2022 /PRNewswire/ -- The "Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to  ResearchAndMarkets.com's offering.

The global marine grease market size reached US$ 359.6 Million in 2021. Looking forward, the publisher expects the market to reach US$ 464.1 Million by 2027, exhibiting a CAGR of 4.34% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.Marine grease is a semi-solid lubricant with jelly-like consistency used for protecting marine vessels from corrosion, wear and tear and water washout by maintaining an oil film to prevent metal-to-metal contact between the cylinder liner and piston rings. It facilitates siding and rolling motion and is manufactured by blending mineral oils with asphaltic oils and soap or bio-based materials.

Some commonly used marine greases include engine, hydraulic, compressors, slideways, gear, heat transfer and turbine oils. They are hydrophobic in nature and exhibit various advantageous properties, such as high viscosity index, thermal resistance and minimal rusting and oxidation. They also act as sealants to prevent water from entering the vessels. As a result, they are widely used in bulker, tanker, container and passenger ships, along with service, special purpose and offshore vessels.Significant growth in the shipping industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing international trade activities and the development of new waterways are providing a thrust to the market growth. Marine greases are widely used for maintaining the efficiency of the vessels.

They offer a wider temperature range, high mechanical and thermal stability, corrosion protection and longer lubrication intervals. In line with this, the increasing requirement for high engine performance and protection is also resulting in the widespread adoption of marine cylinder oils.

Additionally, various product innovations, such as the development of bio-based and environment-friendly marine lubricants, are acting as other growth-inducing factors. These novel variants are manufactured using renewable and non-bio accumulative materials with low sulfur levels.

Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting marine trade activities, are anticipated to drive the market toward growth.

Competitive Landscape:The competitive landscape of the industry has also been examined along with the profiles of the key players being BP p.l.c., Chevron Corporation, ENEOS Corporation, Gulf Oil Marine Ltd, Idemitsu Kosan Co. Ltd., Lucas Oil Products Inc, Lukoil Marine Lubricants DMCC, Penrite Oil, Royal Dutch Shell plc, TotalEnergies SE and Warren Oil Company LLC.Key Questions Answered in This Report:

How has the global marine grease market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global marine grease market?

What are the key regional markets?

What is the breakup of the market based on the thicker type?

What is the breakup of the market based on the end use?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global marine grease market and who are the key players?

What is the degree of competition in the industry?

Key Topics Covered: 1 Preface2 Scope and Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Marine Grease Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Thicker Type6.1 Lithium Complex6.1.1 Market Trends6.1.2 Market Forecast6.2 Calcium6.2.1 Market Trends6.2.2 Market Forecast6.3 Others6.3.1 Market Trends6.3.2 Market Forecast7 Market Breakup by End Use7.1 Bulk Carrier and Cargo Ship7.1.1 Market Trends7.1.2 Market Forecast7.2 Passenger Ships7.2.1 Market Trends7.2.2 Market Forecast7.3 Tankers7.3.1 Market Trends7.3.2 Market Forecast7.4 Others7.4.1 Market Trends7.4.2 Market Forecast8 Market Breakup by Region9 SWOT Analysis10 Value Chain Analysis11 Porters Five Forces Analysis12 Price Analysis13 Competitive Landscape13.1 Market Structure13.2 Key Players13.3 Profiles of Key Players13.3.1 BP p.l.c.13.3.1.1 Company Overview13.3.1.2 Product Portfolio13.3.1.3 Financials13.3.1.4 SWOT Analysis13.3.2 Chevron Corporation13.3.2.1 Company Overview13.3.2.2 Product Portfolio13.3.2.3 Financials13.3.2.4 SWOT Analysis13.3.3 ENEOS Corporation13.3.3.1 Company Overview13.3.3.2 Product Portfolio13.3.4 Gulf Oil Marine Ltd13.3.4.1 Company Overview13.3.4.2 Product Portfolio13.3.5 Idemitsu Kosan Co. Ltd.13.3.5.1 Company Overview13.3.5.2 Product Portfolio13.3.5.3 Financials13.3.5.4 SWOT Analysis13.3.6 Lucas Oil Products Inc13.3.6.1 Company Overview13.3.6.2 Product Portfolio13.3.7 Lukoil Marine Lubricants DMCC13.3.7.1 Company Overview13.3.7.2 Product Portfolio13.3.8 Penrite Oil13.3.8.1 Company Overview13.3.8.2 Product Portfolio13.3.9 Royal Dutch Shell plc13.3.9.1 Company Overview13.3.9.2 Product Portfolio13.3.9.3 Financials13.3.10 TotalEnergies SE13.3.10.1 Company Overview13.3.10.2 Product Portfolio13.3.10.3 Financials13.3.10.4 SWOT Analysis13.3.11 Warren Oil Company LLC13.3.11.1 Company Overview13.3.11.2 Product Portfolio

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