Abstract
Summary
The marine lubricants market size is estimated to be USD 6.2 billion in 2021 and is expected to reach USD 6.7 billion by 2026, at a CAGR of 1.5% during the forecast period. The marine lubricants market is mainly driven by the emerging emission abatement technologies, growth in maritime tourism and the infrastructural developments that are strengthening the shipping industry. The impact of Covid-19, and shift towards synthetic-based lubricants are the key restraints in the marine lubricants market. However, the growing demand for bio-based marine lubricants offers opportunities to the marine lubricants manufacturers.
“Infrastructural developments strengthening the shipping industry is one of the factors driving the growth of the market”
According to the International Chamber of Shipping (ICS), a principal global trade association for the shipping industry, it is estimated that around 90% of the global trade is carried out by the shipping industry. This is supported by the ship manufacturers and government bodies that help increase marine trade by increasing the size of ships, develop new terminals, and create bigger straits along with the expansion of the existing ones such as Panama and Suez Canals. Both these canals are the two most important strategic waterways that are part of more than 100 trade routes. In addition, the large shipping companies are expanding their network by acquiring new ports in various regions. The increasing size and load carrying capacity of vessels have led to rising trade volumes with focus on the development of more durable and sturdier marine crafts. The demand for ultra large container ships (ULCS) is increasing and is expected to reduce the slot-costs. This is favored by shipping companies, as these large ships will help them catch up with the prime movers.
The use of marine lubricants has increased with these strategic developments, as larger ships require the use of more lubricants in every mechanical part, ranging from engines to gears and wire ropes. These lubricants are directly responsible for increasing the life of mechanical components in ships.
“Mineral oil is estimated to be the largest oil type in the marine lubricants market in 2020”
Mineral oil marine lubricants are made from dewaxed paraffin-based crude oil mixed with a certain set of additives as per the specific application. Mineral oil lubricants are available in light and heavy grades, depending on the usage and requirement. They are produced in large quantities because of its high demand in different marine applications such as engines, turbines, stern tubes, and compressors. The mineral oil marine lubricants segment is projected to register the lowest CAGR in terms of value, between 2021 and 2026, as they are being replaced by less toxic marine lubricants such as synthetic and bio-based lubricants. Mineral oil based lubricants are being replaced by these less toxic lubricants due to stringent governmental norms for environment protection. In spite of the gradual shift from mineral oil lubricants to synthetic and bio-based lubricants, bulk lubricant applications such as marine 2-stroke and 4-stroke engines, propulsion units, and stern tubes will continue to utilize large volumes of mineral oil lubricants because of its low cost.
“Engine oil was the largest product type for marine lubricants market in 2020”
The engine is the key component of a ship/vessel operating in the sea and is classified into two types, propulsion engines and auxiliary engines. Propulsion engines move the vessel through water by igniting fuel inside the cylinder unit of the engine. Auxiliary engines are all the other engines used in a ship for driving the electric generators, fans, pumps, and other equipment on a vessel. Lubricants used in these engines play a vital role in the service life as well as the operating conditions of the ship. The lubrication system fosters the supply of lubricating oil to various parts in the engine.
Global engine oil consumption is expected to increase during the forecast period, and the quantity of additives added is expected to increase to meet stringent environmental norms. This is expected to drive the growth of the market between 2021 and 2026.
“Bulk Carriers was the largest ship type for marine lubricants market in 2020”
Bulk carriers accounted for the largest share by value of the overall marine lubricants market in 2020. The improving economic condition of countries in various regions is fueling the high demand for efficient and bigger ships to accommodate the rising cargo demand. Marine engines are getting bigger and efficient. The expanding Suez and Panama Canals have further increased the inflow of bigger ships and, hence, larger cargo.
“Asia Pacific is estimated to be the largest marine lubricants market in 2020, in terms of value”
APAC is the largest marine lubricants market, globally. China, Singapore, Hong Kong, South Korea, Japan, Taiwan, Malaysia, and the Rest of APAC are considered in the APAC region. The region accounted for a share of the global market, in terms of value, in 2020. The high economic growth of the emerging economies and the increasing disposable income of the people in the region make APAC an attractive marine lubricants market. The increasing trade activities and rising infrastructural developments in the shipping industry (in the form of increasing ports network) are primarily responsible for the high demand for marine lubricants. The ports of China and Singapore are the major markets for marine lubricants.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
• By Designation: C-Level - 21%, Director Level - 23%, and Others - 56%
• By Region: North America - 41%, Europe - 30%, APAC - 18%, Middle East & Africa - 7%, and South America - 4%
The key market players profiled in the report include BP Plc. (UK), Chevron Corporation (US), ExxonMobil Corporation (US), Royal Dutch Shell Plc (Netherlands), TotalEnergies SE(France), Valvoline(US), Petronas (Malaysia), Lukoil (Russia), Idemitsu Kosan Co. Ltd (Japan), China Petrochemical Corporation (China), JX Nippon oil & Energy Corporation (Japan), Gulf Oil Corporation Ltd. (US), ENOC (Emirates National Oil Company) (UAE), ENI SPA (Italy), Indian Oil Corporation (India), PetroChina Company Limited (China), SK INC. (South Korea), CEPSA(Spain), Gazrprom Neft (Russia ), ADDINOL Lube Oil GmbH (Germany), Bel-Ray Company LLC (US), Morris Lubricants (UK), Penrite Oil (Australia), Liqui Molly GmbH (Germany), and Dyade Lubricants (Netherland).
Research Coverage
This report segments the market for marine lubricants on the basis of type, application, sector and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for marine lubricants.
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the marine lubricants market; high-growth regions; and market drivers, restraints, opportunities and challenges
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on marine lubricants offered by top players in the global marine lubricants market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the marine lubricants market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for marine lubricants across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global marine lubricants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the marine lubricants market
• Impact of COVID-19 on marine lubricants market
Table of Contents
1 INTRODUCTION 46
1.1 OBJECTIVES OF STUDY 46
1.2 MARKET DEFINITION 46
1.2.1 MARINE LUBRICANTS MARKET: INCLUSIONS AND EXCLUSIONS 47
1.2.2 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS, BY OIL TYPE 47
1.2.3 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS
1.2.4 MARINE LUBRICANTS MARKET DEFINITION AND INCLUSIONS, BY SHIP TYPE 48
1.3 MARKET SCOPE 49
1.3.1 MARINE LUBRICANTS MARKET SEGMENTATION 49
1.3.2 REGIONS COVERED 50
1.3.3 YEARS CONSIDERED FOR STUDY 50
1.4 CURRENCY 51
1.5 UNIT CONSIDERED 51
1.6 STAKEHOLDERS 51
1.7 SUMMARY OF CHANGES 51
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
2.1.1 SECONDARY DATA 54
2.1.2 PRIMARY DATA 54
- 2.1.2.1 Primary interviews - demand and supply sides 54
- 2.1.2.2 Key industry insights 55
- 2.1.2.3 Breakdown of primary interviews 56
2.2 MARKET SIZE ESTIMATION 56
2.2.1 BOTTOM-UP APPROACH 57
2.2.2 TOP-DOWN APPROACH 59
2.3 DATA TRIANGULATION 60
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 62
2.4.1 SUPPLY SIDE 62
2.4.2 DEMAND SIDE 62
2.5 FACTOR ANALYSIS 63
2.6 ASSUMPTIONS 64
2.7 LIMITATIONS 64
2.8 RISK ASSESSMENT 65
3 EXECUTIVE SUMMARY 66
4 PREMIUM INSIGHTS 69
4.1 SIGNIFICANT OPPORTUNITIES IN MARINE LUBRICANTS MARKET 69
4.2 MARINE LUBRICANTS MARKET SIZE, BY REGION 69
4.3 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE AND COUNTRY 70
4.4 MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE AND REGION 70
4.5 MARINE LUBRICANTS MARKET ATTRACTIVENESS 71
5 MARKET OVERVIEW 72
5.1 INTRODUCTION 72
5.2 MARKET DYNAMICS 72
5.2.1 DRIVERS 73
- 5.2.1.1 Infrastructural developments strengthening the shipping industry 73
- 5.2.1.2 Emerging emission abatement technologies 74
- 5.2.1.3 Growth in maritime tourism 74
5.2.2 RESTRAINTS 74
- 5.2.2.1 Shift toward synthetic lubricants may increase the drain interval 74
- 5.2.2.2 Impact of COVID-19 75
5.2.3 OPPORTUNITIES 76
- 5.2.3.1 Increasing demand for bio-based marine lubricants 76
- 5.2.3.2 Shift from Group-I to Group-II base stocks 76
5.2.4 CHALLENGES 76
- 5.2.4.1 Stringent environmental norms and continuous reforms by governments 76
- 5.2.4.2 Volatility in raw material prices 77
5.3 PORTER’S FIVE FORCES ANALYSIS 77
5.3.1 THREAT OF SUBSTITUTES 78
5.3.2 THREAT OF NEW ENTRANTS 78
5.3.3 BARGAINING POWER OF SUPPLIERS 78
5.3.4 BARGAINING POWER OF BUYERS 79
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.4 TECHNOLOGY ANALYSIS 79
5.5 MACROECONOMIC INDICATORS 80
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 80
5.6 GOVERNMENT POLICIES AND REGULATIONS 80
5.6.1 CHANGES IN THE SPECIFICATION OF MARINE FUELS 80
- 5.6.1.1 Implementation of sulfur 2020 regulation 80
5.6.2 EXISTING AND NEW FUELS 81
- 5.6.2.1 Very Low Sulfur Fuel Oil (VLSFO) 81
- 5.6.2.2 Ultra-Low Sulfur Fuel Oil (ULSFO) 82
- 5.6.2.3 Marine Gas Oil (MGO) 82
- 5.6.2.4 Biofuels 82
- 5.6.2.5 Liquified Natural Gas (LNG) 83
- 5.6.2.6 Liquefied Petroleum Gas (LPG) 83
- 5.6.2.7 Methanol 84
- 5.6.2.8 Hydrogen 84
- 5.6.2.9 Ammonia 85
5.6.3 GENERAL SHIP PERMIT 85
- 5.6.3.1 US EPA Vessel General Permit 85
5.6.4 TECHNOLOGIES OF FUTURE 86
- 5.6.4.1 Exhaust Gas Scrubber (HFO+Scrubber) 86
- 5.6.4.2 Pure Electric/Hybrid Ships 86
- 5.6.4.3 Slow Streaming 87
- 5.6.4.4 Advanced Rudder and Propeller System 87
- 5.6.4.5 Waste Heat Recovery System 87
- 5.6.4.6 Exhaust Gas Recirculation 87
5.6.5 NOX EMISSION STANDARDS 87
5.6.6 DECARBONIZATION 88
5.6.7 ENERGY EFFICIENCY DESIGN INDEX 89
5.6.8 IMPACT ON DEMAND FOR LUBRICANTS 90
5.6.9 HOW WILL THE USE OF FUELS AND NEW TECHNOLOGIES EVOLVE IN THE FUTURE? 92
5.7 COVID-19 IMPACT 93
5.7.1 INTRODUCTION 93
5.7.2 COVID-19 HEALTH ASSESSMENT 93
5.7.3 COVID-19 ECONOMIC ASSESSMENT 94
- 5.7.3.1 COVID-19 impact on the economy-scenario assessment 95
5.8 IMPACT OF COVID-19: CUSTOMER ANALYSIS 97
6 INDUSTRY TRENDS 98
6.1 SUPPLY CHAIN ANALYSIS 98
6.1.1 RAW MATERIAL 98
6.1.2 MANUFACTURING OF MARINE LUBRICANTS 98
6.1.3 DISTRIBUTION TO END USERS 99
6.2 MARINE LUBRICANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO 99
6.2.1 NON-COVID-19 SCENARIO 99
6.2.2 OPTIMISTIC SCENARIO 100
6.2.3 PESSIMISTIC SCENARIO 100
6.2.4 REALISTIC SCENARIO 100
6.3 PATENT ANALYSIS 100
6.3.1 INTRODUCTION 100
6.3.2 APPROACH 100
6.3.3 DOCUMENT TYPE 101
6.3.4 INSIGHTS 102
6.3.5 LEGAL STATUS OF PATENTS 102
6.3.6 JURISDICTION ANALYSIS 102
6.3.7 TOP APPLICANTS 103
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 107
6.4.1 REVENUE SHIFTS & REVENUE POCKETS FOR MARINE LUBRICANTS MARKET 107
6.5 CONNECTED MARKETS: ECOSYSTEM 107
6.6 CASE STUDY ANALYSIS 109
6.6.1 A CASE STUDY ON SOOT BUILD UP WARNING 109
6.6.2 A CASE STUDY ON REDUCED HYDRAULIC FLUID CONSUMPTION 109
6.6.3 A CASE STUDY ON CONTROLLING CORROSION 110
6.7 TRADE DATA 110
6.7.1 IMPORT SCENARIO OF MARINE LUBRICANTS 110
6.7.2 EXPORT SCENARIO OF MARINE LUBRICANTS 111
6.8 AVERAGE SELLING PRICE 112
7 MARINE LUBRICANTS MARKET, BY OIL TYPE 113
7.1 INTRODUCTION 114
7.2 MINERAL OIL 116
7.2.1 DECREASING DEMAND FOR MINERAL OIL-BASED MARINE LUBRICANTS DUE TO THEIR TOXICITY 116
7.3 SYNTHETIC OIL 119
7.3.1 SYNTHETIC OIL-BASED MARINE LUBRICANTS PERFORM BETTER UNDER EXTREME TEMPERATURE AND PRESSURE THAN OTHER OIL TYPES 119
7.4 BIO-BASED OIL 121
7.4.1 INCREASING MARINE LUBRICANT PRODUCTION USING BIO-BASED OIL DUE TO STRINGENT REGULATIONS 121
8 MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 124
8.1 INTRODUCTION 125
8.2 ENGINE OILS 126
8.2.1 REQUIREMENT FOR PROPER FUNCTIONING OF THE MARINE ENGINE TO DRIVE THE ENGINE OILS SEGMENT 126
8.2.2 CYLINDER OIL 128
8.2.3 SYSTEM OILS 128
8.3 HYDRAULIC FLUIDS 129
8.3.1 RISING DEMAND FOR HYDRAULIC EQUIPMENT TO DRIVE THE HYDRAULIC FLUIDS SEGMENT 129
8.4 COMPRESSOR OILS 131
8.4.1 GROWING USE OF AIR COMPRESSORS, REFRIGERATION COMPRESSORS, AND AC COMPRESSORS TO DRIVE MARKET IN THIS SEGMENT 131
8.5 OTHERS 133
9 MARINE LUBRICANTS MARKET, BY SHIP TYPE 136
9.1 INTRODUCTION 137
9.2 BULK CARRIERS 139
9.3 TANKERS 139
9.4 CONTAINER SHIPS 140
9.5 OTHERS 140
10 MARINE LUBRICANTS MARKET, BY REGION 141
10.1 INTRODUCTION 142
10.2 NORTH AMERICA 144
10.2.1 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 145
10.2.2 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 147
10.2.3 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY 148
- 10.2.3.1 US 149
- 10.2.3.1.1 Rising domestic and international maritime trade driving the market 149
- 10.2.3.2 Canada 151
- 10.2.3.2.1 Increasing demand for bulk carriers, oil tankers, and container ships for the transport of commodities to drive the market 151
- 10.2.3.3 Mexico 153
- 10.2.3.3.1 Booming industrialization and rising population to increase demand for marine lubricants 153
- 10.2.3.1 US 149
10.3 ASIA PACIFIC 155
10.3.1 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY OIL TYPE 156
10.3.2 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 157
10.3.3 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY 158
- 10.3.3.1 China 161
- 10.3.3.1.1 High investment in domestic and international maritime trade activities to drive market 161
- 10.3.3.2 Singapore 162
- 10.3.3.2.1 Being well-equipped for catering to the demand for marine services to support market growth 162
- 10.3.3.3 Hong Kong 163
- 10.3.3.3.1 Rise in trading activities to drive market 163
- 10.3.3.4 South Korea 165
- 10.3.3.4.1 Growing shipbuilding industry driving demand for marine lubricants 165
- 10.3.3.5 Malaysia 167
- 10.3.3.5.1 Growth in shipbuilding industry to drive market 167
- 10.3.3.6 Japan 168
- 10.3.3.6.1 Financial support provided by government bodies to drive market 168
- 10.3.3.7 Taiwan 170
- 10.3.3.7.1 Growth in export and maritime trade to drive market 170
- 10.3.3.8 India 171
- 10.3.3.8.1 Economic growth, favorable government policies & incentive framework, and a long coastline, to drive market 171
- 10.3.3.9 Australia 173
- 10.3.3.9.1 Demand for marine lubricants in commercial vessels mainly driven by large exports of coal and metals 173
- 10.3.3.1 China 161
10.4 EUROPE 174
10.4.1 EUROPE: MARINE LUBRICANTS MARKET, BY OIL TYPE 175
10.4.2 EUROPE: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 177
10.4.3 EUROPE MARINE LUBRICANTS MARKET, BY COUNTRY 178
- 10.4.3.1 Germany 180
- 10.4.3.1.1 Growth of the maritime industry to drive demand for marine lubricants 180
- 10.4.3.2 Netherlands 181
- 10.4.3.2.1 Strong presence of the world’s leading manufacturers of high-end yachts and special vessels to drive market 181
- 10.4.3.3 Belgium 183
- 10.4.3.3.1 Geographical location makes Belgium an attractive market for marine lubricants 183
- 10.4.3.4 Spain 184
- 10.4.3.4.1 Spanish shipbuilding industry playing a major role in driving marine lubricants market 184
- 10.4.3.5 UK 186
- 10.4.3.5.1 One of the well-known manufacturing hubs for shipbuilding industry 186
- 10.4.3.6 Italy 187
- 10.4.3.6.1 Leading country for manufacturing fishing ships and cruise liners and the largest ferry fleet in Europe 187
- 10.4.3.7 France 188
- 10.4.3.7.1 Second-largest maritime zone in the world 188
- 10.4.3.8 Greece 190
- 10.4.3.8.1 Growing economy and investment in infrastructure to drive demand for marine lubricants 190
- 10.4.3.9 Turkey 191
- 10.4.3.9.1 Rise in the development of ships and other naval vessels to drive demand for marine lubricants 191
- 10.4.3.10 Russia 193
- 10.4.3.10.1 Growing economy and investment in infrastructure to drive demand for marine lubricants 193
- 10.4.3.1 Germany 180
10.5 MIDDLE EAST & AFRICA 194
10.5.1 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 195
10.5.2 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 196
10.5.3 MIDDLE EAST & AFRICA MARINE LUBRICANTS MARKET, BY COUNTRY 197
- 10.5.3.1 UAE 199
- 10.5.3.1.1 Increase in maritime activities in the UAE, owing to oil & gas exports, driving market 199
- 10.5.3.2 Saudi Arabia 200
- 10.5.3.2.1 Strong foothold of shipbuilding, shipbreaking, and refurbishment companies to drive market 200
- 10.5.3.3 South Africa 201
- 10.5.3.3.1 Increasing maritime traffic in South Africa to drive market 201
- 10.5.3.1 UAE 199
10.6 SOUTH AMERICA 203
10.6.1 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY PRODUCT TYPE 203
10.6.2 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY OIL TYPE 205
10.6.3 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY 206
- 10.6.3.1 Brazil 207
- 10.6.3.1.1 Rapidly expanding economy to drive demand for marine lubricants 207
- 10.6.3.2 Panama 208
- 10.6.3.2.1 The opening of the Panama Canal to generate more revenue for the country’s government and drive demand for marine lubricants 208
- 10.6.3.3 Argentina 210
- 10.6.3.3.1 Rapidly expanding economy to drive demand for marine lubricants 210
- 10.6.3.1 Brazil 207
11 COMPETITIVE LANDSCAPE 212
11.1 INTRODUCTION 212
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 212
11.3 MARKET SHARE ANALYSIS 213
11.3.1 RANKING OF KEY MARKET PLAYERS 213
11.3.2 MARKET SHARE OF KEY PLAYERS, 2020 213
- 11.3.2.1 ExxonMobil Corporation 215
- 11.3.2.2 Royal Dutch Shell Plc. 215
- 11.3.2.3 BP PLC. 215
- 11.3.2.4 TotalEnergies SE 216
- 11.3.2.5 Chevron Corporation 216
11.3.3 REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2016-2020 216
11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 217
11.5 COMPANY EVALUATION QUADRANT (TIER 1) 221
11.5.1 STARS 221
11.5.2 EMERGING LEADERS 221
11.6 START-UP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 222
11.6.1 PROGRESSIVE COMPANIES 222
11.6.2 RESPONSIVE COMPANIES 222
11.6.3 STARTING BLOCKS 222
11.7 COMPETITIVE SITUATION AND TRENDS 224
11.7.1 NEW PRODUCT LAUNCHES 224
11.7.2 DEALS 225
11.7.3 OTHER DEVELOPMENTS 226
12 COMPANY PROFILES 229
12.1 MAJOR PLAYERS 229
12.1.1 BP PLC. 229
12.1.2 CHEVRON CORPORATION 234
12.1.3 EXXONMOBIL CORPORATION 238
12.1.4 ROYAL DUTCH SHELL PLC 243
12.1.5 TOTALENERGIES SE 248
12.1.6 VALVOLINE 253
12.1.7 PETRONAS 256
12.1.8 LUKOIL 259
12.1.9 IDEMITSU KOSAN CO., LTD 263
12.1.10 CHINA PETROCHEMICAL CORPORATION (SINOPEC CORP.) 266
12.1.11 JX NIPPON OIL & ENERGY CORPORATION 269
12.1.12 GULF OIL INTERNATIONAL 272
12.1.13 EMIRATES NATIONAL OIL COMPANY (ENOC) 274
12.1.14 ENI S.P.A. 276
12.1.15 INDIAN OIL CORPORATION 279
12.1.16 PETROCHINA COMPANY LIMITED 282
12.1.17 SK INC. 285
12.1.18 CEPSA 288
12.1.19 GAZPROM NEFT 291
12.2 OTHER KEY MARKET PLAYERS 295
12.2.1 ADDINOL LUBE OIL GMBH 295
12.2.2 BEL RAY COMPANY LLC. 295
12.2.3 MORRIS LUBRICANTS 296
12.2.4 PENRITE OIL 296
12.2.5 LIQUI MOLY GMBH 297
12.2.6 DYADE LUBRICANTS 297
13 ADJACENT & RELATED MARKETS 298
13.1 INTRODUCTION 298
13.2 LIMITATIONS 298
13.3 LUBRICANTS MARKET 298
13.3.1 MARKET DEFINITION 298
13.3.2 MARKET OVERVIEW 299
13.4 LUBRICANTS MARKET, BY REGION 299
13.4.1 ASIA PACIFIC 301
- 13.4.1.1 By country 301
- 13.4.1.2 By base oil 303
- 13.4.1.3 By product type 304
13.4.2 NORTH AMERICA 305
- 13.4.2.1 By country 306
- 13.4.2.2 By base oil 307
- 13.4.2.3 By product type 308
13.4.3 EUROPE 310
- 13.4.3.1 By country 310
- 13.4.3.2 By base oil 312
- 13.4.3.3 By product type 313
13.4.4 MIDDLE EAST & AFRICA 315
- 13.4.4.1 By country 315
- 13.4.4.2 By base oil 317
- 13.4.4.3 By product type 318
13.4.5 SOUTH AMERICA 320
- 13.4.5.1 By country 320
- 13.4.5.2 By base oil 321
- 13.4.5.3 By product type 322
14 APPENDIX 325
14.1 DISCUSSION GUIDE 325
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 328
14.3 AVAILABLE CUSTOMIZATIONS 330
14.4 RELATED REPORTS 330
14.5 AUTHOR DETAILS 331
2010 AND 2020 101