North America marine lubricants market is projected to grow by 3.0% annually in the forecast period and reach $1,014.9 million by 2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction, the increasing expenditure in marine defense vessels, an increase in demand for bio-based eco-friendly marine lubricants, the emerging emission abatement technologies, and the growth in maritime tourism and the infrastructural developments.
Highlighted with 23 tables and 62 figures, this 119-page report "North America Marine Lubricants Market 2021-2031 by Product Type (Mineral, Synthetic, Bio-Based, Grease), Application (Engine, Motors, Gear, Hydraulic, Air Compressor, Others), End Use (Bulk Carriers, Tankers, Container Ships, General Cargo, Others), and Country: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire North America marine lubricants market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America marine lubricants market in every aspect of the classification from perspectives of Product Type, Application, End Use, and Country.
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Mineral Oil
• Synthetic Oil
• Bio-Based Oil
Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Engine System
• Motors & Auxiliaries
• Gear System
• Hydraulic System
• Air Compressor
• Other Applications
By End Use, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Bulk Carriers
• Tankers
• Container Ships
• General Cargo
• Other End Uses
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Product Type, Application and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
BP Plc
Castrol
Chevron Corporation
Eni S.p.A
ExxonMobil Corporation
Fuchs Lubritech GmbH
Gulf Oil International Ltd.
Idemitsu Kosan Co., Ltd.
Indian Oil Corporation Ltd.
Jx Nippon Oil & Energy Corporation
Kluber Lubrication
LUKOIL Lubricants Company
Penrite Oil
PJSC Lukoil Oil Corporation
QUEPET Lubricants
Repsol SA
Shell plc
Sinopec Corporation
TotalEnergies SE
Valvoline Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter's Fiver Forces Analysis 37
3 Segmentation of North America Market by Product Type 41
3.1 Market Overview by Product Type 41
3.2 Mineral Oil 45
3.3 Synthetic Oil 47
3.4 Bio-Based Oil 49
3.5 Grease 51
4 Segmentation of North America Market by Application 53
4.1 Market Overview by Application 53
4.2 Engine System 57
4.3 Motors & Auxiliaries 59
4.4 Gear System 61
4.5 Hydraulic System 63
4.6 Air Compressor 65
4.7 Other Applications 67
5 Segmentation of North America Market by End Use 69
5.1 Market Overview by End Use 69
5.2 Bulk Carriers 74
5.3 Tankers 76
5.4 Container Ships 78
5.5 General Cargo 80
5.6 Other End Uses 82
6 North America Market 2021-2031 by Country 84
6.1 Overview of North America Market 84
6.2 U.S. 87
6.3 Canada 90
6.4 Mexico 92
7 Competitive Landscape 94
7.1 Overview of Key Vendors 94
7.2 New Product Launch, Partnership, Investment, and M&A 97
7.3 Company Profiles 98
BP Plc 98
Castrol 100
Chevron Corporation 101
Eni S.p.A 102
ExxonMobil Corporation 103
Fuchs Lubritech GmbH 104
Gulf Oil International Ltd. 105
Idemitsu Kosan Co., Ltd. 106
Indian Oil Corporation Ltd. 107
Jx Nippon Oil & Energy Corporation 108
Kluber Lubrication 109
LUKOIL Lubricants Company 110
Penrite Oil 111
PJSC Lukoil Oil Corporation 112
QUEPET Lubricants 113
Repsol SA 114
Shell plc 115
Sinopec Corporation 116
TotalEnergies SE 117
Valvoline Inc. 118
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