Global Marine Lubricants Market Size & Outlook, 2022-2030
Global marine lubricants market, 2018-2030 (US$M)
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Global marine lubricants market highlights
- The global marine lubricants market generated a revenue of USD 535.5 million in 2022 and is expected to reach USD 670.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 2.8% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Russia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 535.5 million |
| Market revenue in 2030 | USD 670.4 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation |
Other key industry trends
- In terms of revenue, the North America accounted for 20.8% of the global marine lubricants market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 7.7 million by 2030.
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Marine Lubricants Market Scope
Marine Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global marine lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to marine lubricants market will help companies and investors design strategic landscapes.
- Global Marine Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
- Gas turbine oils
- Piston engine oils
- Hydraulic fluids
- Others
- Process Oils
- General Industrial Oils
- Metalworking Fluids
- Industrial Engine Oils
- Greases
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Transmission Fluids
- Brake Fluids
- Coolants
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Target buyers of Global marine lubricants market databook
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Our clientele includes a mix of marine lubricants market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global marine lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global marine lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global marine lubricants market size, by region, 2018-2030 (US$M)
Top 10 countries: Marine lubricants market size, 2022 (US$M)
Global marine lubricants market share, by product, 2022 & 2030 (%, US$M)
Marine lubricants market: Opportunity assessment by country
Global marine lubricants market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 38.9 | 39.9 | 39.3 | 40.1 | 41.0 | 41.9 | 42.8 | 43.8 | 44.7 | 45.7 | 46.7 | 47.6 | 48.6 | 0.5% |
| Europe | 94.0 | 96.3 | 94.5 | 96.2 | 98.1 | 100.0 | 101.9 | 104.2 | 105.8 | 107.9 | 109.8 | 111.5 | 113.2 | 0.5% |
| North America | 105.5 | 108.3 | 106.4 | 108.7 | 111.2 | 113.8 | 116.5 | 119.7 | 122.2 | 125.4 | 128.5 | 131.5 | 134.5 | 0.6% |
| MEA | 35.2 | 36.1 | 35.5 | 36.2 | 37.0 | 37.8 | 38.6 | 39.4 | 40.1 | 40.9 | 41.6 | 42.3 | 42.9 | 0.9% |
| Asia Pacific | 223.7 | 232.5 | 231.5 | 239.5 | 248.2 | 257.2 | 266.5 | 277.1 | 286.5 | 297.5 | 308.7 | 319.8 | 331.3 | 0.9% |
| Overall | 497.3 | 513.1 | 507.1 | 520.7 | 535.5 | 550.7 | 566.3 | 584.2 | 599.3 | 617.3 | 635.3 | 652.7 | 670.4 | 2.9% |
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