Global Marine Lubricants Market 2021-2031 by Product Type (Mineral, Synthetic, Bio-Based, Grease), Application (Engine, Motors, Gear, Hydraulic, Air Compressor, Others), End Use

Global marine lubricants market will reach $ 10,473.3 million by 2031, growing by 3.5% annually over 2021-2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction, the increasing expenditure in marine defense vessels, an increase in demand for bio-based eco-friendly marine lubricants, the emerging emission abatement technologies, and the growth in maritime tourism and the infrastructural developments. In terms of demand volume (thousand tons), the global market is expected to grow at a 2021-2031 CAGR of 2.7%. 

Highlighted with 83 tables and 100 figures, this 184-page report “Global Marine Lubricants Market 2021-2031 by Product Type (Mineral, Synthetic, Bio-Based, Grease), Application (Engine, Motors, Gear, Hydraulic, Air Compressor, Others), End Use (Bulk Carriers, Tankers, Container Ships, General Cargo, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global marine lubricants market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

 

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure 

• Growth Drivers 

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global marine lubricants market in every aspect of the classification from perspectives of Product Type, Application, End Use, and Region. 

 

Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section. 

• Mineral Oil

• Synthetic Oil

• Bio-Based Oil

 

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section. 

• Engine System

• Motors & Auxiliaries

• Gear System

• Hydraulic System

• Air Compressor

• Other Applications

 

By End Use, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (thousand tons) for 2021-2031 included in each section. 

• Bulk Carriers

• Tankers

• Container Ships

• General Cargo

• Other End Uses

 

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, Finland, Norway, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, France, Spain and Denmark)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Argentina, Brazil, Panama and Rest of South America)

• MEA (Egypt, Saudi Arabia, South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product Type, Application and End Use over the forecast years are also included.

 

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players: 

BP Plc

Castrol

Chevron Corporation

Eni S.p.A

ExxonMobil Corporation

Fuchs Lubritech GmbH

Gulf Oil International Ltd.

Idemitsu Kosan Co., Ltd.

Indian Oil Corporation Ltd.

Jx Nippon Oil & Energy Corporation

Kluber Lubrication

LUKOIL Lubricants Company

Penrite Oil

PJSC Lukoil Oil Corporation

QUEPET Lubricants

Repsol SA

Shell plc

Sinopec Corporation

TotalEnergies SE

Valvoline Inc.

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

 

1 Introduction 9

1.1 Industry Definition and Research Scope 9

1.1.1 Industry Definition 9

1.1.2 Research Scope 10

1.2 Research Methodology 13

1.2.1 Overview of Market Research Methodology 13

1.2.2 Market Assumption 14

1.2.3 Secondary Data 14

1.2.4 Primary Data 14

1.2.5 Data Filtration and Model Design 15

1.2.6 Market Size/Share Estimation 16

1.2.7 Research Limitations 17

1.3 Executive Summary 18

2 Market Overview and Dynamics 21

2.1 Market Size and Forecast 21

2.1.1 Impact of COVID-19 on World Economy 23

2.1.2 Impact of COVID-19 on the Market 25

2.2 Major Growth Drivers 27

2.3 Market Restraints and Challenges 33

2.4 Emerging Opportunities and Market Trends 36

2.5 Porter’s Fiver Forces Analysis 40

3 Segmentation of Global Market by Product Type 44

3.1 Market Overview by Product Type 44

3.2 Mineral Oil 48

3.3 Synthetic Oil 50

3.4 Bio-Based Oil 52

3.5 Grease 54

4 Segmentation of Global Market by Application 56

4.1 Market Overview by Application 56

4.2 Engine System 60

4.3 Motors & Auxiliaries 62

4.4 Gear System 64

4.5 Hydraulic System 66

4.6 Air Compressor 68

4.7 Other Applications 70

5 Segmentation of Global Market by End Use 72

5.1 Market Overview by End Use 72

5.2 Bulk Carriers 77

5.3 Tankers 79

5.4 Container Ships 81

5.5 General Cargo 83

5.6 Other End Uses 85

6 Segmentation of Global Market by Region 87

6.1 Geographic Market Overview 2021-2031 87

6.2 North America Market 2021-2031 by Country 93

6.2.1 Overview of North America Market 93

6.2.2 U.S. 97

6.2.3 Canada 100

6.2.4 Mexico 102

6.3 European Market 2021-2031 by Country 104

6.3.1 Overview of European Market 104

6.3.2 Germany 108

6.3.3 U.K. 110

6.3.4 Finland 112

6.3.5 Norway 114

6.3.6 Italy 116

6.3.7 Netherlands 118

6.3.8 Rest of European Market 120

6.4 Asia-Pacific Market 2021-2031 by Country 122

6.4.1 Overview of Asia-Pacific Market 122

6.4.2 Japan 126

6.4.3 China 129

6.4.4 Australia 131

6.4.5 India 133

6.4.6 South Korea 135

6.4.7 Rest of APAC Region 137

6.5 South America Market 2021-2031 by Country 139

6.5.1 Argentina 142

6.5.2 Brazil 144

6.5.3 Panama 146

6.5.4 Rest of South America Market 148

6.6 MEA Market 2021-2031 by Country 149

6.6.1 Egypt 152

6.6.2 Saudi Arabia 154

6.6.3 South Africa 156

6.6.4 Other National Markets 158

7 Competitive Landscape 159

7.1 Overview of Key Vendors 159

7.2 New Product Launch, Partnership, Investment, and M&A 162

7.3 Company Profiles 163

BP Plc 163

Castrol 165

Chevron Corporation 166

Eni S.p.A 167

ExxonMobil Corporation 168

Fuchs Lubritech GmbH 169

Gulf Oil International Ltd. 170

Idemitsu Kosan Co., Ltd. 171

Indian Oil Corporation Ltd. 172

Jx Nippon Oil & Energy Corporation 173

Kluber Lubrication 174

LUKOIL Lubricants Company 175

Penrite Oil 176

PJSC Lukoil Oil Corporation 177

QUEPET Lubricants 178

Repsol SA 179

Shell plc 180

Sinopec Corporation 181

TotalEnergies SE 182

Valvoline Inc. 183

RELATED REPORTS 184

 

List of Tables:

 

Table 1.  Snapshot of Global Marine Lubricants Market in Balanced Perspective, 2021-2031 19

Table 2. World Economic Outlook, 2021-2031 24

Table 3. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons 31

Table 4.  Main Product Trends and Market Opportunities in Global Marine Lubricants Market 36

Table 5. Global Marine Lubricants Market by Product Type, 2021-2031, $ mn 44

Table 6. Global Marine Lubricants Market by Product Type, 2021-2031, thousand tons 46

Table 7. Global Marine Lubricants Market by Application, 2021-2031, $ mn 56

Table 8. Global Marine Lubricants Market by Application, 2021-2031, thousand tons 58

Table 9. Global Marine Lubricants Market by End Use, 2021-2031, $ mn 72

Table 10. Global Marine Lubricants Market by End Use, 2021-2031, thousand tons 74

Table 11. Global Marine Lubricants Market by Region, 2021-2031, $ mn 88

Table 12. Global Marine Lubricants Market by Region, 2021-2031, thousand tons 90

Table 13.  Leading National Marine Lubricants Market, 2021 and 2031, $ mn 92

Table 14. North America Marine Lubricants Market by Country, 2021-2031, $ mn 95

Table 15. U.S. Marine Lubricants Market by Product Type, 2021-2031, $ mn 99

Table 16. U.S. Marine Lubricants Market by Application, 2021-2031, $ mn 99

Table 17. U.S. Marine Lubricants Market by End Use, 2021-2031, $ mn 99

Table 18. Canada Marine Lubricants Market by Product Type, 2021-2031, $ mn 101

Table 19. Canada Marine Lubricants Market by Application, 2021-2031, $ mn 101

Table 20. Canada Marine Lubricants Market by End Use, 2021-2031, $ mn 101

Table 21. Mexico Marine Lubricants Market by Product Type, 2021-2031, $ mn 103

Table 22. Mexico Marine Lubricants Market by Application, 2021-2031, $ mn 103

Table 23. Mexico Marine Lubricants Market by End Use, 2021-2031, $ mn 103

Table 24. Europe Marine Lubricants Market by Country, 2021-2031, $ mn 107

Table 25. Germany Marine Lubricants Market by Product Type, 2021-2031, $ mn 109

Table 26. Germany Marine Lubricants Market by Application, 2021-2031, $ mn 109

Table 27. Germany Marine Lubricants Market by End Use, 2021-2031, $ mn 109

Table 28. U.K. Marine Lubricants Market by Product Type, 2021-2031, $ mn 111

Table 29. U.K. Marine Lubricants Market by Application, 2021-2031, $ mn 111

Table 30. U.K. Marine Lubricants Market by End Use, 2021-2031, $ mn 111

Table 31. Finland Marine Lubricants Market by Product Type, 2021-2031, $ mn 113

Table 32. Finland Marine Lubricants Market by Application, 2021-2031, $ mn 113

Table 33. Finland Marine Lubricants Market by End Use, 2021-2031, $ mn 113

Table 34. Norway Marine Lubricants Market by Product Type, 2021-2031, $ mn 115

Table 35. Norway Marine Lubricants Market by Application, 2021-2031, $ mn 115

Table 36. Norway Marine Lubricants Market by End Use, 2021-2031, $ mn 115

Table 37. Italy Marine Lubricants Market by Product Type, 2021-2031, $ mn 117

Table 38. Italy Marine Lubricants Market by Application, 2021-2031, $ mn 117

Table 39. Italy Marine Lubricants Market by End Use, 2021-2031, $ mn 117

Table 40. Netherlands Marine Lubricants Market by Product Type, 2021-2031, $ mn 119

Table 41. Netherlands Marine Lubricants Market by Application, 2021-2031, $ mn 119

Table 42. Netherlands Marine Lubricants Market by End Use, 2021-2031, $ mn 119

Table 43. Marine Lubricants Market in Rest of Europe by Country, 2021-2031, $ mn 121

Table 44. APAC Marine Lubricants Market by Country, 2021-2031, $ mn 124

Table 45. Japan Marine Lubricants Market by Product Type, 2021-2031, $ mn 128

Table 46. Japan Marine Lubricants Market by Application, 2021-2031, $ mn 128

Table 47. Japan Marine Lubricants Market by End Use, 2021-2031, $ mn 128

Table 48. China Marine Lubricants Market by Product Type, 2021-2031, $ mn 130

Table 49. China Marine Lubricants Market by Application, 2021-2031, $ mn 130

Table 50. China Marine Lubricants Market by End Use, 2021-2031, $ mn 130

Table 51. Australia Marine Lubricants Market by Product Type, 2021-2031, $ mn 132

Table 52. Australia Marine Lubricants Market by Application, 2021-2031, $ mn 132

Table 53. Australia Marine Lubricants Market by End Use, 2021-2031, $ mn 132

Table 54. India Marine Lubricants Market by Product Type, 2021-2031, $ mn 134

Table 55. India Marine Lubricants Market by Application, 2021-2031, $ mn 134

Table 56. India Marine Lubricants Market by End Use, 2021-2031, $ mn 134

Table 57. South Korea Marine Lubricants Market by Product Type, 2021-2031, $ mn 136

Table 58. South Korea Marine Lubricants Market by Application, 2021-2031, $ mn 136

Table 59. South Korea Marine Lubricants Market by End Use, 2021-2031, $ mn 136

Table 60. Marine Lubricants Market in Rest of APAC by Country/Region, 2021-2031, $ mn 138

Table 61. South America Marine Lubricants Market by Country, 2021-2031, $ mn 141

Table 62. Argentina Marine Lubricants Market by Product Type, 2021-2031, $ mn 143

Table 63. Argentina Marine Lubricants Market by Application, 2021-2031, $ mn 143

Table 64. Argentina Marine Lubricants Market by End Use, 2021-2031, $ mn 143

Table 65. Brazil Marine Lubricants Market by Product Type, 2021-2031, $ mn 145

Table 66. Brazil Marine Lubricants Market by Application, 2021-2031, $ mn 145

Table 67. Brazil Marine Lubricants Market by End Use, 2021-2031, $ mn 145

Table 68. Panama Marine Lubricants Market by Product Type, 2021-2031, $ mn 147

Table 69. Panama Marine Lubricants Market by Application, 2021-2031, $ mn 147

Table 70. Panama Marine Lubricants Market by End Use, 2021-2031, $ mn 147

Table 71. MEA Marine Lubricants Market by Country, 2021-2031, $ mn 151

Table 72. Egypt Marine Lubricants Market by Product Type, 2021-2031, $ mn 153

Table 73. Egypt Marine Lubricants Market by Application, 2021-2031, $ mn 153

Table 74. Egypt Marine Lubricants Market by End Use, 2021-2031, $ mn 153

Table 75. Saudi Arabia Marine Lubricants Market by Product Type, 2021-2031, $ mn 155

Table 76. Saudi Arabia Marine Lubricants Market by Application, 2021-2031, $ mn 155

Table 77. Saudi Arabia Marine Lubricants Market by End Use, 2021-2031, $ mn 155

Table 78. South Africa Marine Lubricants Market by Product Type, 2021-2031, $ mn 157

Table 79. South Africa Marine Lubricants Market by Application, 2021-2031, $ mn 157

Table 80. South Africa Marine Lubricants Market by End Use, 2021-2031, $ mn 157

Table 81. BP Plc: Company Snapshot 163

Table 82. BP Plc: Business Segmentation 164

Table 83. BP Plc: Product Portfolio 164

 

 

 

 

 

List of Figures:

 

Figure 1. Research Method Flow Chart 13

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16

Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 18

Figure 4. Global Marine Lubricants Market, 2021-2031, $ mn 21

Figure 5. Global Marine Lubricants Market, 2021-2031, thousand tons 22

Figure 6. Impact of COVID-19 on Business 25

Figure 7. Primary Drivers and Impact Factors of Global Marine Lubricants Market 27

Figure 8. World Shipbuilding Capacity by Country, 2013 – 2026F, million CGT 30

Figure 9. Fleet Market by Region of Beneficial Ownership, 2022, Millions of dead-weight tons 30

Figure 10. World Crude Oil Production, 2000-2021, million tons 32

Figure 11. Primary Restraints and Impact Factors of Global Marine Lubricants Market 33

Figure 12. Investment Opportunity Analysis 37

Figure 13. Porter’s Fiver Forces Analysis of Global Marine Lubricants Market 40

Figure 14. Breakdown of Global Marine Lubricants Market by Product Type, 2021-2031, % of Revenue 45

Figure 15. Global Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%) 45

Figure 16. Breakdown of Global Marine Lubricants Market by Product Type, 2021-2031, % of Volume 47

Figure 17. Global Addressable Market Cap in 2022-2031 by Product Type, Volume (thousand tons) and Share (%) 47

Figure 18. Global Marine Lubricants Market by Product Type: Mineral Oil, 2021-2031, $ mn 48

Figure 19. Global Marine Lubricants Market by Product Type: Mineral Oil, 2021-2031, thousand tons 49

Figure 20. Global Marine Lubricants Market by Product Type: Synthetic Oil, 2021-2031, $ mn 50

Figure 21. Global Marine Lubricants Market by Product Type: Synthetic Oil, 2021-2031, thousand tons 51

Figure 22. Global Marine Lubricants Market by Product Type: Bio-Based Oil, 2021-2031, $ mn 52

Figure 23. Global Marine Lubricants Market by Product Type: Bio-Based Oil, 2021-2031, thousand tons 53

Figure 24. Global Marine Lubricants Market by Product Type: Grease, 2021-2031, $ mn 54

Figure 25. Global Marine Lubricants Market by Product Type: Grease, 2021-2031, thousand tons 55

Figure 26. Breakdown of Global Marine Lubricants Market by Application, 2021-2031, % of Sales Revenue 57

Figure 27. Global Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 57

Figure 28. Breakdown of Global Marine Lubricants Market by Application, 2021-2031, % of Sales Volume 59

Figure 29. Global Addressable Market Cap in 2022-2031 by Application, Volume (thousand tons) and Share (%) 59

Figure 30. Global Marine Lubricants Market by Application: Engine System, 2021-2031, $ mn 60

Figure 31. Global Marine Lubricants Market by Application: Engine System, 2021-2031, thousand tons 61

Figure 32. Global Marine Lubricants Market by Application: Motors & Auxiliaries, 2021-2031, $ mn 62

Figure 33. Global Marine Lubricants Market by Application: Motors & Auxiliaries, 2021-2031, thousand tons 63

Figure 34. Global Marine Lubricants Market by Application: Gear System, 2021-2031, $ mn 64

Figure 35. Global Marine Lubricants Market by Application: Gear System, 2021-2031, thousand tons 65

Figure 36. Global Marine Lubricants Market by Application: Hydraulic System, 2021-2031, $ mn 66

Figure 37. Global Marine Lubricants Market by Application: Hydraulic System, 2021-2031, thousand tons 67

Figure 38. Global Marine Lubricants Market by Application: Air Compressor, 2021-2031, $ mn 68

Figure 39. Global Marine Lubricants Market by Application: Air Compressor, 2021-2031, thousand tons 69

Figure 40. Global Marine Lubricants Market by Application: Other Applications, 2021-2031, $ mn 70

Figure 41. Global Marine Lubricants Market by Application: Other Applications, 2021-2031, thousand tons 71

Figure 42. Breakdown of Global Marine Lubricants Market by End Use, 2021-2031, % of Sales Revenue 73

Figure 43. Global Addressable Market Cap in 2022-2031 by End Use, Value ($ mn) and Share (%) 73

Figure 44. Breakdown of Global Marine Lubricants Market by End Use, 2021-2031, % of Sales Volume 75

Figure 45. Global Addressable Market Cap in 2022-2031 by End Use, Volume (thousand tons) and Share (%) 75

Figure 46. World Fleet by Principal Vessel Type, 1981-2022, Millions of dead-weight tons 76

Figure 47. Global Marine Lubricants Market by End Use: Bulk Carriers, 2021-2031, $ mn 77

Figure 48. Global Marine Lubricants Market by End Use: Bulk Carriers, 2021-2031, thousand tons 78

Figure 49. Global Marine Lubricants Market by End Use: Tankers, 2021-2031, $ mn 79

Figure 50. Global Marine Lubricants Market by End Use: Tankers, 2021-2031, thousand tons 80

Figure 51. Global Marine Lubricants Market by End Use: Container Ships, 2021-2031, $ mn 81

Figure 52. Global Marine Lubricants Market by End Use: Container Ships, 2021-2031, thousand tons 82

Figure 53. Global Marine Lubricants Market by End Use: General Cargo, 2021-2031, $ mn 83

Figure 54. Global Marine Lubricants Market by End Use: General Cargo, 2021-2031, thousand tons 84

Figure 55. Global Marine Lubricants Market by End Use: Other End Uses, 2021-2031, $ mn 85

Figure 56. Global Marine Lubricants Market by End Use: Other End Uses, 2021-2031, thousand tons 86

Figure 57.  Global Market Snapshot by Region 87

Figure 58.  Geographic Spread of Worldwide Marine Lubricants Market, 2021-2031, % of Sales Revenue 88

Figure 59. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 89

Figure 60.  Geographic Spread of Worldwide Marine Lubricants Market, 2021-2031, % of Sales Volume 90

Figure 61. Global Addressable Market Cap in 2022-2031 by Region, Volume (thousand tons) and Share (%) 91

Figure 62.  North American Marine Lubricants Market, 2021-2031, $ mn 94

Figure 63. Breakdown of North America Marine Lubricants Market by Country, 2021 and 2031, % of Revenue 95

Figure 64. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 96

Figure 65. U.S. Marine Lubricants Market, 2021-2031, $ mn 98

Figure 66. Canada Marine Lubricants Market, 2021-2031, $ mn 100

Figure 67.  Marine Lubricants Market in Mexico, 2021-2031, $ mn 102

Figure 68.  European Marine Lubricants Market, 2021-2031, $ mn 105

Figure 69. Breakdown of European Marine Lubricants Market by Country, 2021 and 2031, % of Revenue 106

Figure 70. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 107

Figure 71.  Marine Lubricants Market in Germany, 2021-2031, $ mn 108

Figure 72.  Marine Lubricants Market in U.K., 2021-2031, $ mn 110

Figure 73.  Marine Lubricants Market in Finland, 2021-2031, $ mn 112

Figure 74.  Marine Lubricants Market in Norway, 2021-2031, $ mn 114

Figure 75.  Marine Lubricants Market in Italy, 2021-2031, $ mn 116

Figure 76.  Marine Lubricants Market in Netherlands, 2021-2031, $ mn 118

Figure 77.  Marine Lubricants Market in Rest of Europe, 2021-2031, $ mn 120

Figure 78. Asia-Pacific Marine Lubricants Market, 2021-2031, $ mn 123

Figure 79. Breakdown of APAC Marine Lubricants Market by Country, 2021 and 2031, % of Revenue 123

Figure 80. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 125

Figure 81.  Marine Lubricants Market in Japan, 2021-2031, $ mn 127

Figure 82.  Marine Lubricants Market in China, 2021-2031, $ mn 129

Figure 83.  Marine Lubricants Market in Australia, 2021-2031, $ mn 131

Figure 84.  Marine Lubricants Market in India, 2021-2031, $ mn 133

Figure 85.  Marine Lubricants Market in South Korea, 2021-2031, $ mn 135

Figure 86.  Marine Lubricants Market in Rest of APAC, 2021-2031, $ mn 137

Figure 87. South America Marine Lubricants Market, 2021-2031, $ mn 140

Figure 88. Breakdown of South America Marine Lubricants Market by Country, 2021 and 2031, % of Revenue 140

Figure 89. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 141

Figure 90.  Marine Lubricants Market in Argentina, 2021-2031, $ mn 142

Figure 91.  Marine Lubricants Market in Brazil, 2021-2031, $ mn 144

Figure 92.  Marine Lubricants Market in Panama, 2021-2031, $ mn 146

Figure 93.  Marine Lubricants Market in Rest of South America, 2021-2031, $ mn 148

Figure 94. Marine Lubricants Market in Middle East and Africa (MEA), 2021-2031, $ mn 150

Figure 95. Breakdown of MEA Marine Lubricants Market by Country, 2021 and 2031, % of Revenue 150

Figure 96. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 151

Figure 97.  Marine Lubricants Market in Egypt, 2021-2031, $ mn 152

Figure 98.  Marine Lubricants Market in Saudi Arabia, 2021-2031, $ mn 154

Figure 99.  Marine Lubricants Market in South Africa, 2021-2031, $ mn 156

Figure 100. Growth Stage of Global Marine Lubricants Industry over the Forecast Period 159