Key vendors to focus on product innovation and quality to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global marine lubricants market in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global marine lubricants market is characterized by presence of several well-diversified international, regional, and local vendors. The dominant players in the market have a vast geographical presence with large production facilities located across the globe. The market also consists of a sizeable number of small, regional players who operate in the market and have significant shares. The increase in product extensions in terms of innovation in technology during the forecast period is likely to intensify the competition in the global marine lubricants market.
According to Abhay Sinha, a lead analyst at Technavio for research on additives, adhesives, and sealants, “Factors such as innovation, price, operational cost, and product quality are some of the key criteria that defines the competitive environment in the market. Few players in the market have the capability to bring down the market prices as their production costs are lesser than that of their competitors.”
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Top five vendors in the marine lubricants market space
BP
BP operates mainly in two segments: Upstream and downstream. The upstream segment engages in the field development of oil and natural gas exploration, midstream, and transportation. It is also involved in the production and selling of natural gas, such as liquefied natural gas (LNG) and natural gas liquid (NGL). The downstream segment of the company segment refines, manufactures, markets, and sells petroleum and petrochemical products, and crude oil and related services to wholesale and retail customers.
Key products: Energol CL505, Cyltech 80 AW, Cyltech 50S, Cyltech 40SX, MHP, RLX Super 40, Tection DD Monograde 40, BioBar and Hyspin AWH-M.
Chevron Corporation
Chevron Corporation engages in petroleum operations, integrated energy, and chemicals. It mainly operates in two segments: Upstream and downstream. The upstream segment provides exploration, development, production, and marketing of crude oil and natural gas. The downstream segment is engaged in refining crude oil into petroleum products.
Key products: Taro Special HT Ultra, Taro Special HT 100, Taro Special HT 55, Rando HDZ, Clarity Synthetic Hydraulic Oil AW, Clarity Synthetic EA Gear Oils. Capella HFC, Capella WF, and Cetus PAO.
ExxonMobil
ExxonMobil is one of the world’s leading marketers and producers of bitumen and specializes in the manufacture and marketing of commodity petrochemicals such as polyethylene, polypropylene plastics, aromatics and others along with the transport and sale of natural gas, crude oil and petroleum products. The company houses more than 30000 operated wells globally.
Key products: Mobilgard 5100, Mobilgard 570, Mobilgard 560 VS, Mobilgard M30 Series, Mobilgard M440, Mobilgard 410 NC, Mobilgard 450 NC, Mobil DTE 10 Excel Series, Mobil SHC Aware H Series, and Mobil SHC 500 Series.
Royal Dutch Shell
Royal Dutch Shell operates through the integrated gas, upstream, and downstream segments. It provides exploration and extraction of natural gas, crude oil, and natural gas liquids. It is also engaged in the conversion of crude oil into a wide range of refined products such as diesel marine fuel, heating oil, gasoline, aviation fuel, and LNG.
Key products: Shell Alexia S4, Shell Melina S 30, Shell Argina T 30, Shell Argina X 40, Shell Rimula R4 L 15W-40, Shell Corena S2 P 100, Shell Corena S4 P 100, Shell Tellus S2 VX 22, Shell Tellus S2 VX 32, Shell Tellus S2 VX 68, and Shell Tellus S3 M 46.
Total
Total operates through three key business segments which include refining and chemicals, upstream, and marketing and services. The company has operational presence in over 130 countries. The refining and chemicals segment offers petrochemicals such as olefins and aromatics. The marketing and services segment markets and sells petroleum products such as LPG, bitumen, aviation fuel, heavy fuels, and marine bunkers.
Key products: RUBIA G 1300 SAE 40, DISOLA DD 40, EPONA Z 68, EPONA Z 150, EPONA SA 220, DACNIS 68, BARELF CH 100, BIOHYDRAN TMP 46, BIOHYDRAN TMP 100, CARTER BIO 100, BIONEPTAN HT 100, and BIOMULTIS EP 2.
A more detailed analysis is available in the Technavio report, Global marine Lubricants Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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