(MENAFN - America News Hour) In its database of market research reports, Kenneth Research has recently added a report on 'Marine Lubricants Market' that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter's five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Marine Lubricants Market during the forecast period.
The global Marine Lubricants market was valued at USD 5.40 billion in 2016 and is projected to reach USD 6.68 billion by 2025, growing at a CAGR of 2.4% from 2017 to 2025.
Shipping as a trade activity is witnessing huge demand lately. The rise in import and export activities has increased shipping activities boosting the demand for marine lubricants. Marine lubricants are products that are used in ship construction. The decline in ship construction activities is responsible for slow market growth of these products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Infrastructure improvements in the shipping industry
1.2 Rise of alternate technologies
2. Market Restraints
2.1 Decrease in trade activities
The global Marine Lubricantsmarketis segmented on the basis ofproduct, application, ship type,and region.
1. By Product:
1.2 Mineral Oil
2. By Application:
2.1.1 System Oil
2.1.2 Cylinder Oil
3. By Ship Type:
3.2 Container Ships
3.3 Cargo Ships
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Chevron Corporation
2. BP PLC
3. Royal Dutch Shell PLC
4. Exxonmobil Corporation
5. Idemitsu Kosan Co. Ltd.
6. Sinopec Corporation
7. Gulf Oil
9. Aegean Marine Petroleum Network Inc.
10. Total SA
11. Vickers Oil
12. Quepet Lubricants
13. Unimarine LLC
14. Avin Oil SA
15. Indian Oil Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Marine Lubricantsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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