Asia Pacific marine lubricants market will grow by 3.9% annually with a total addressable market cap of $41,601.3 million over 2022-2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction, the increasing expenditure in marine defense vessels, an increase in demand for bio-based eco-friendly marine lubricants, the emerging emission abatement technologies, and the growth in maritime tourism and the infrastructural developments.
Highlighted with 30 tables and 65 figures, this 126-page report “Asia Pacific Marine Lubricants Market 2021-2031 by Product Type (Mineral, Synthetic, Bio-Based, Grease), Application (Engine, Motors, Gear, Hydraulic, Air Compressor, Others), End Use (Bulk Carriers, Tankers, Container Ships, General Cargo, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific marine lubricants market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific marine lubricants market in every aspect of the classification from perspectives of Product Type, Application, End Use, and Country.
Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Mineral Oil
• Synthetic Oil
• Bio-Based Oil
Based on Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Engine System
• Motors & Auxiliaries
• Gear System
• Hydraulic System
• Air Compressor
• Other Applications
By End Use, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section.
• Bulk Carriers
• Tankers
• Container Ships
• General Cargo
• Other End Uses
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Product Type, Application and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
BP Plc
Castrol
Chevron Corporation
Eni S.p.A
ExxonMobil Corporation
Fuchs Lubritech GmbH
Gulf Oil International Ltd.
Idemitsu Kosan Co., Ltd.
Indian Oil Corporation Ltd.
Jx Nippon Oil & Energy Corporation
Kluber Lubrication
LUKOIL Lubricants Company
Penrite Oil
PJSC Lukoil Oil Corporation
QUEPET Lubricants
Repsol SA
Shell plc
Sinopec Corporation
TotalEnergies SE
Valvoline Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Asia Pacific Market by Product Type 42
3.1 Market Overview by Product Type 42
3.2 Mineral Oil 46
3.3 Synthetic Oil 48
3.4 Bio-Based Oil 50
3.5 Grease 52
4 Segmentation of Asia Pacific Market by Application 54
4.1 Market Overview by Application 54
4.2 Engine System 58
4.3 Motors & Auxiliaries 60
4.4 Gear System 62
4.5 Hydraulic System 64
4.6 Air Compressor 66
4.7 Other Applications 68
5 Segmentation of Asia Pacific Market by End Use 70
5.1 Market Overview by End Use 70
5.2 Bulk Carriers 75
5.3 Tankers 77
5.4 Container Ships 79
5.5 General Cargo 81
5.6 Other End Uses 83
6 Asia-Pacific Market 2021-2031 by Country 85
6.1 Overview of Asia-Pacific Market 85
6.2 Japan 88
6.3 China 91
6.4 Australia 93
6.5 India 95
6.6 South Korea 97
6.7 Rest of APAC Region 99
7 Competitive Landscape 101
7.1 Overview of Key Vendors 101
7.2 New Product Launch, Partnership, Investment, and M&A 104
7.3 Company Profiles 105
BP Plc 105
Castrol 107
Chevron Corporation 108
Eni S.p.A 109
ExxonMobil Corporation 110
Fuchs Lubritech GmbH 111
Gulf Oil International Ltd. 112
Idemitsu Kosan Co., Ltd. 113
Indian Oil Corporation Ltd. 114
Jx Nippon Oil & Energy Corporation 115
Kluber Lubrication 116
LUKOIL Lubricants Company 117
Penrite Oil 118
PJSC Lukoil Oil Corporation 119
QUEPET Lubricants 120
Repsol SA 121
Shell plc 122
Sinopec Corporation 123
TotalEnergies SE 124
Valvoline Inc. 125
RELATED REPORTS 126
List of Tables:
Table 1. Snapshot of Asia Pacific Marine Lubricants Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons 29
Table 4. Main Product Trends and Market Opportunities in Asia Pacific Marine Lubricants Market 34
Table 5. Asia Pacific Marine Lubricants Market by Product Type, 2021-2031, $ mn 42
Table 6. Asia Pacific Marine Lubricants Market by Product Type, 2021-2031, thousand tons 44
Table 7. Asia Pacific Marine Lubricants Market by Application, 2021-2031, $ mn 54
Table 8. Asia Pacific Marine Lubricants Market by Application, 2021-2031, thousand tons 56
Table 9. Asia Pacific Marine Lubricants Market by End Use, 2021-2031, $ mn 70
Table 10. Asia Pacific Marine Lubricants Market by End Use, 2021-2031, thousand tons 72
Table 11. APAC Marine Lubricants Market by Country, 2021-2031, $ mn 86
Table 12. Japan Marine Lubricants Market by Product Type, 2021-2031, $ mn 90
Table 13. Japan Marine Lubricants Market by Application, 2021-2031, $ mn 90
Table 14. Japan Marine Lubricants Market by End Use, 2021-2031, $ mn 90
Table 15. China Marine Lubricants Market by Product Type, 2021-2031, $ mn 92
Table 16. China Marine Lubricants Market by Application, 2021-2031, $ mn 92
Table 17. China Marine Lubricants Market by End Use, 2021-2031, $ mn 92
Table 18. Australia Marine Lubricants Market by Product Type, 2021-2031, $ mn 94
Table 19. Australia Marine Lubricants Market by Application, 2021-2031, $ mn 94
Table 20. Australia Marine Lubricants Market by End Use, 2021-2031, $ mn 94
Table 21. India Marine Lubricants Market by Product Type, 2021-2031, $ mn 96
Table 22. India Marine Lubricants Market by Application, 2021-2031, $ mn 96
Table 23. India Marine Lubricants Market by End Use, 2021-2031, $ mn 96
Table 24. South Korea Marine Lubricants Market by Product Type, 2021-2031, $ mn 98
Table 25. South Korea Marine Lubricants Market by Application, 2021-2031, $ mn 98
Table 26. South Korea Marine Lubricants Market by End Use, 2021-2031, $ mn 98
Table 27. Marine Lubricants Market in Rest of APAC by Country/Region, 2021-2031, $ mn 100
Table 28. BP Plc: Company Snapshot 105
Table 29. BP Plc: Business Segmentation 106
Table 30. BP Plc: Product Portfolio 106
