Global Marine Grease Market 2018-2022

The marine grease market size will grow by USD 65.41 million during 2018-2022. This report offers an analysis of the market based on end user (bulk carriers and cargo ships, passenger ships, tankers, and others) and geography (the Americas, APAC, and EMEA). The marine grease market research report further analyzes the market’s competitive landscape and offers information on several companies including BP, Chevron, Exxon Mobil, Gulf Oil Marine, Royal Dutch Shell, and Total.

Below are some of the key findings from the marine grease market research report

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Global marine grease industry overview

The shipbuilding industry is the critical consumer of the global marine grease market. The shipbuilding business exhibited rapid growth after 2010 due to the expansion of businesses of multinational companies. The production of new ships and an increase in repair and maintenance activities for old vessels is a driving factor for the global marine grease market. The shipbuilding industry is observing a shift in focus toward Asia, especially to South Korea, China, and Japan. Thus, the growth of the shipbuilding industry is directly related to the growth of the global marine grease market.

The regulations on emission levels is one of the key trends that will further stimulate the marine grease market growth. Environmental regulations regarding international maritime have become more stringent and the rate of shipping operations are also declining. Shipbuilding companies are encouraged to design and manufacture more fuel-efficient vessels due to the imposition of carbon emission prevention trading system and carbon emission tax. Ship owners also use anti-fouling marine bearing grease to prevent corrosion and anti-fouling growth on ship hulls. The marine grease market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 5% during the forecast period.

Top marine grease companies covered in this market research report

The marine grease market is moderately fragmented with the market open to opportunities. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this marine grease industry analysis report is designed to aid clients to identify new growth strategies.

The report offers a complete analysis of various companies including:

• BP
• Chevron
• Exxon Mobil
• Gulf Oil Marine
• Royal Dutch Shell
• Total

Marine grease market segmentation based on geographic regions

• Americas
• APAC
• EMEA

Global marine grease market analysis reveals that the APAC region will lead the marine grease market share during the forecast period. APAC will also account for the highest marine grease market growth during the same period.

Marine grease market segmentation based on end users

• Bulk carriers and cargo ships
• Passenger ships
• Tankers
• Others

The bulk carriers and cargo ships user segment will lead the marine grease market share until 2022. This user segment will also account for the highest marine grease market growth during the forecast period. Additionally, the report will also provide an accurate prediction of the contribution of the various product segments to the growth of the marine grease market size.

Key highlights of the global marine grease market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the marine grease market during the next five years
• Precise estimation of the global marine grease market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the marine grease industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the marine grease companies

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