Marine Grease

Global Market Trajectory & Analytics

MCP13180

EXECUTIVE ENGAGEMENTS

OUTREACH

2393
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

431
Interactions with Platform & by Email

PARTICIPANTS

72
Unique # Participated

VALIDATIONS

32
Responses Validated*

COMPETITORS

46
Responses Validated*
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DATE

APR 2021

TABLES

114

PAGES

190

EDITION

9

PRICE

USD $5450

  

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Marine Grease estimated at US$261.8 Million in the year 2020, is projected to reach a revised size of US$320.2 Million by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Bulk Carriers & Cargo Ships, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$136.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passenger Ships segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The Marine Grease market in the U.S. is estimated at US$70.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$64.8 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
In the global Tankers segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$25.7 Million in the year 2020 will reach a projected size of US$31.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$44.2 Million by the year 2027, while Latin America will expand at a 4.4% CAGR through the analysis period.

SELECT PLAYERS

Chevron Corporation; Exxon Mobil Corporation; Royal Dutch Shell PLC; Total SA

SEGMENTS

» End-Use (Bulk Carriers & Cargo Ships, Passenger Ships, Tankers, Other End-Uses)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russian Federation » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » UAE » and Rest of Middle East » and Africa

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