Global Marine Lubricants Market Size & Outlook, 2023-2030
Global marine lubricants market, 2018-2030 (US$M)
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Global marine lubricants market highlights
- The global marine lubricants market generated a revenue of USD 7,395.1 million in 2022 and is expected to reach USD 10,268.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.2% by 2030.
- In terms of segment, engine oil accounted for a revenue of USD 3,544.2 million in 2022.
- Hydraulic oil is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,395.1 million |
| Market revenue in 2030 | USD 10,268.7 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Hydraulic oil |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine oil, Hydraulic oil, Gear oil, Turbine oil, Greases, Others (compressor oil, refrigeration oil, heat transfer oil) |
Other key industry trends
- In terms of revenue, the North America accounted for 19.1% of the global marine lubricants market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 379.0 million by 2030.
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Marine Lubricants Market Scope
Marine Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Quaker Chemical Corporation | View profile | 5001-10000 | Conshohocken, Pennsylvania, United States, North America | http://www.quakerchem.com/ |
| Castrol | View profile | 5001-10000 | Sunbury-on-thames, Surrey, United Kingdom, Europe | https://www.castrol.com |
| JX Nippon Mining & Metals Corporation | View profile | 51-100 | Tokyo, Tokyo, Japan, Asia | https://www.jx-nmm.com |
| Unimarine | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | https://www.unimarine-lubricants.com |
| Gulf Oil | View profile | 1001-5000 | Framingham, Massachusetts, United States, North America | https://gulfoil.com |
| Petrofer Chemie H. R. Fischer | View profile | 1001-5000 | Hildesheim, Niedersachsen, Germany, Europe | https://www.petrofer.com/en/ |
| Zeller + Gmelin GmbH & Co KG | View profile | 501-1000 | Eislingen-fils, Baden-Wurttemberg, Germany, Europe | https://www.zeller-gmelin.de |
| Blaser Swisslube | View profile | 501-1000 | Gurgaon, Haryana, India, Asia | https://blaser.com |
| Kluber Lubrication Munchen SE & Co. KG | View profile | 1001-5000 | Munich, Bayern, Germany, Europe | https://www.klueber.com/ |
| Bel-Ray Company | View profile | 51-100 | Farmingdale, New Jersey, United States, North America | https://www.belray.com |
| Phillips 66 | View profile | 14000 | 2331 CityWest Boulevard, Houston, TX, United States, 77042 | https://www.phillips66.com |
| Innospec Inc | View profile | 2400 | 8310 South Valley Highway, Suite 350, Englewood, CO, United States, 80112 | https://www.innospecinc.com |
| Repsol SA | View profile | 25113 | Calle Mendez Alvaro, 44, Madrid, Spain, 28045 | https://www.repsol.com |
| PetroChina Co Ltd Class H | View profile | 375803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | http://www.petrochina.com.cn |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | https://www.petrobras.com.br |
Global marine lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to marine lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 47.93% in 2022. Horizon Databook has segmented the Global marine lubricants market based on engine oil, hydraulic oil, gear oil, turbine oil, greases, others (compressor oil, refrigeration oil, heat transfer oil) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Marine Lubricants Application Outlook (Revenue, USD Million, 2018-2030)
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Greases
- Others (compressor oil, refrigeration oil, heat transfer oil)
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Target buyers of Global marine lubricants market databook
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Our clientele includes a mix of marine lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global marine lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global marine lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global marine lubricants market size, by regions, 2018-2030 (US$M)
Top 10 countries: Marine lubricants market size, 2022 (US$M)
Global marine lubricants market share, by application, 2022 & 2030 (%, US$M)
Marine lubricants market: Opportunity assessment by country
Global marine lubricants market, by region, 2022 (US$M)
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