Mexico Marine Lubricants Market Size & Outlook, 2022-2030
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Mexico marine lubricants market highlights
- The Mexico marine lubricants market generated a revenue of USD 201.0 million in 2022 and is expected to reach USD 251.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating application in 2022.
- Hydraulic oil is the most lucrative application segment registering the fastest growth during the forecast period.
Marine lubricants market data book summary
| Market revenue in 2022 | USD 201.0 million |
| Market revenue in 2030 | USD 251.5 million |
| Growth rate | 2.9% (CAGR from 2023 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Hydraulic oil |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 2.7% of the global marine lubricants market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. marine lubricants market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,363.1 million by 2030.
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Marine Lubricants Market Scope
Marine Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| No records found. | ||||
Mexico 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 47.01% in 2022. Horizon Databook has segmented the Mexico 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.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico marine lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Mexico marine lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico marine lubricants market size, by application, 2018-2030 (US$M)
Mexico Marine Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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