Global Marine Grease Market 2014-2025 – ExxonMobil, Chevron, Shell, Total Lubmarine, Lukoil, Gulf Oil, Penrite Oil are Expected to Hold Significant Share – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Marine
Grease Market Analysis, By Thicker Type (Lithium Complex, Calcium), By
End-Use (Bulk Carrier & Cargo Ships, Passenger Ships, Tankers), By
Region, And Segment Forecasts, 2014 – 2025” report has been
added to Research and Markets’ offering.

The global marine grease market is expected to reach USD 348.4 million
by 2025

Increasing demand from the various end-use segments is a key factor
driving the growth. The robust growth from shipping industry in Asia
Pacific is expected to boost the market further over the forecast period.

Marine grease is a semi-solid substance, used in various vessels such as
bulk carrier ships, cargo ships, tankers, passenger vessels as it
provides enhanced lubrication under salty water conditions. In addition,
it has numerous applications in high temperature and pressure
conditions. The market is mainly driven by the demand for the bulk
carriers and cargo vessels, as they are exposed to the complex operating
environment during transportation of industrial and consumer goods.

In terms of revenue, lithium complex thickener accounted as the largest
segment in 2016 and is anticipated to continue its trends with a growth
rate of 4.7% over the forecast period. Increasing need for
environmentally compatible and multi-purpose grease are the factors
anticipated to propel the growth.

The demand is expected to surge owing to the development of new ports in
the Asia Pacific region. Different grades as classified by the National
Lubricating Grease Institute (NLGI) are used in various end-use areas as
they provide the required properties such as resistance to water wash
out, and corrosion prevention. Various types of NLGI graded greases are
available to cater the requirement of the different types of vessels.

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Marine Grease Market Industry Outlook

4. Marine Grease Market: Thicker Type Estimates & Trend Analysis

5. Marine Grease Market: End Use Type Estimates & Trend Analysis

6. Marine Grease Market: Regional Estimates & Trend Analysis, by
Application & End Use

7. Competitive Landscape

8. Company Profiles

• British Petroleum
• CHEVRON Lubricants
• Exxon Mobil Company
• Gulf Oil Marine Ltd.
• Lucas Oil Products Inc
• LUK OilMarine
• Old World Industries
• Penrite Oil Co., Ltd
• Total Lubmarine
• Warren Oil

For more information about this report visit https://www.researchandmarkets.com/research/xnpx3w/marine_grease

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Related
Topics: Lubricants
and Greases