Europe marine lubricants market was valued at $2,906.2 million in 2021 and will grow by 3.2% annually over 2021-2031, 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 33 tables and 66 figures, this 127-page report “Europe 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 Europe 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 Europe 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 Europe marine lubricants market in every aspect of the classification from perspectives of Product Type, Application, End Use, and Country.
Based on Product Type, the Europe 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 Europe 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 Europe 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:
• Germany
• UK
• Finland
• Norway
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, France, Spain, and Denmark)
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 Europe 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 Europe 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 Europe 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 European Market 2021-2031 by Country 85
6.1 Overview of European Market 85
6.2 Germany 88
6.3 U.K. 90
6.4 Finland 92
6.5 Norway 94
6.6 Italy 96
6.7 Netherlands 98
6.8 Rest of European Market 100
7 Competitive Landscape 102
7.1 Overview of Key Vendors 102
7.2 New Product Launch, Partnership, Investment, and M&A 105
7.3 Company Profiles 106
BP Plc 106
Castrol 108
Chevron Corporation 109
Eni S.p.A 110
ExxonMobil Corporation 111
Fuchs Lubritech GmbH 112
Gulf Oil International Ltd. 113
Idemitsu Kosan Co., Ltd. 114
Indian Oil Corporation Ltd. 115
Jx Nippon Oil & Energy Corporation 116
Kluber Lubrication 117
LUKOIL Lubricants Company 118
Penrite Oil 119
PJSC Lukoil Oil Corporation 120
QUEPET Lubricants 121
Repsol SA 122
Shell plc 123
Sinopec Corporation 124
TotalEnergies SE 125
Valvoline Inc. 126
RELATED REPORTS 127
List of Tables:
Table 1. Snapshot of Europe 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 Europe Marine Lubricants Market 34
Table 5. Europe Marine Lubricants Market by Product Type, 2021-2031, $ mn 42
Table 6. Europe Marine Lubricants Market by Product Type, 2021-2031, thousand tons 44
Table 7. Europe Marine Lubricants Market by Application, 2021-2031, $ mn 54
Table 8. Europe Marine Lubricants Market by Application, 2021-2031, thousand tons 56
Table 9. Europe Marine Lubricants Market by End Use, 2021-2031, $ mn 70
Table 10. Europe Marine Lubricants Market by End Use, 2021-2031, thousand tons 72
Table 11. Europe Marine Lubricants Market by Country, 2021-2031, $ mn 87
Table 12. Germany Marine Lubricants Market by Product Type, 2021-2031, $ mn 89
Table 13. Germany Marine Lubricants Market by Application, 2021-2031, $ mn 89
Table 14. Germany Marine Lubricants Market by End Use, 2021-2031, $ mn 89
Table 15. U.K. Marine Lubricants Market by Product Type, 2021-2031, $ mn 91
Table 16. U.K. Marine Lubricants Market by Application, 2021-2031, $ mn 91
Table 17. U.K. Marine Lubricants Market by End Use, 2021-2031, $ mn 91
Table 18. Finland Marine Lubricants Market by Product Type, 2021-2031, $ mn 93
Table 19. Finland Marine Lubricants Market by Application, 2021-2031, $ mn 93
Table 20. Finland Marine Lubricants Market by End Use, 2021-2031, $ mn 93
Table 21. Norway Marine Lubricants Market by Product Type, 2021-2031, $ mn 95
Table 22. Norway Marine Lubricants Market by Application, 2021-2031, $ mn 95
Table 23. Norway Marine Lubricants Market by End Use, 2021-2031, $ mn 95
Table 24. Italy Marine Lubricants Market by Product Type, 2021-2031, $ mn 97
Table 25. Italy Marine Lubricants Market by Application, 2021-2031, $ mn 97
Table 26. Italy Marine Lubricants Market by End Use, 2021-2031, $ mn 97
Table 27. Netherlands Marine Lubricants Market by Product Type, 2021-2031, $ mn 99
Table 28. Netherlands Marine Lubricants Market by Application, 2021-2031, $ mn 99
Table 29. Netherlands Marine Lubricants Market by End Use, 2021-2031, $ mn 99
Table 30. Marine Lubricants Market in Rest of Europe by Country, 2021-2031, $ mn 101
Table 31. BP Plc: Company Snapshot 106
Table 32. BP Plc: Business Segmentation 107
Table 33. BP Plc: Product Portfolio 107
