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
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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Comparison by end-user
- Bulk carriers and cargo ships – Market size and forecast 2017-2022
- Passenger ships – Market size and forecast 2017-2022
- Tankers – Market size and forecast 2017-2022
- Others – Market size and forecast 2017-2022
- Market opportunity by end-user
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Americas – Market size and forecast 2017-2022
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Regulations on emission levels
- Increasing demand from APAC
- Rising popularity of bio-based grease
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BP
- Chevron
- Exxon Mobil
- Gulf Oil Marine
- Royal Dutch Shell
- Total
PART 15: APPENDIX