The global Marine Grease market was valued at US$ 278.1 million in 2022 and is projected to reach US$ 329 million by 2029, at a CAGR of 2.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Marine Grease market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Marine Grease market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Marine Grease market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Marine grease is a semi-solid substance, used in various vessels such as bulk carrier ships, cargo ships, tankers, passenger vessels as it provides enhanced lubrication under salty water conditions. In addition, it has numerous applications in high temperature and pressure conditions.
This report aims to provide a comprehensive presentation of the global market for Marine Grease, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Grease. This report contains market size and forecasts of Marine Grease in global, including the following market information:
- Global Marine Grease Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Marine Grease Market Sales, 2018-2023, 2024-2030, (K MT)
- Global top five Marine Grease companies in 2022 (%)
Increasing demand from the various end-use segments is a key factor driving the growth. The robust growth from shipping industry in Asia Pacific is expected to boost the market further over the forecast period.
We surveyed the Marine Grease manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Marine Grease Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Marine Grease Market Segment Percentages, by Type, 2022 (%)
- Mineral Grease
- Synthetic Grease
- Bio-Based Oil Grease
- Others
Global Marine Grease Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Marine Grease Market Segment Percentages, by Application, 2022 (%)
- Industrial
- Energy
- Automotive
- Chemical
- Others
Global Marine Grease Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Marine Grease Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Marine Grease revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Marine Grease revenues share in global market, 2022 (%)
- Key companies Marine Grease sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Marine Grease sales share in global market, 2022 (%)
Key players include:
- British Petroleum
- Chevron Lubricants
- Exxon Mobil
- Gulf Oil Marine
- Lucas Oil Products
- Luk Oilmarine
- Old World Industries
- Penrite Oil
- Total Lubmarine
- Warren Oil
Outline of Major Chapters:
Chapter 1: Introduces the definition of Marine Grease, market overview.
Chapter 2: Global Marine Grease market size in revenue and volume.
Chapter 3: Detailed analysis of Marine Grease manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Marine Grease in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Marine Grease capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
