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Published Date: 2015-04-30Number of Pages: 71

Marine Lubricants Market by Product (Mineral, Synthetic, Bio), by Application (Engine Oil, Hydraulic Oil, Grease, etc.) - Turkey Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022

 

Marine lubricants constitute mineral oil, synthetic and bio lubricants. Marine lubricants are manufactured either from crude oil from chemicals or vegetable oils. Lubricants are required to reduce the friction caused between different operating components and increase their output efficiency. Marine lubricants help in assisting various components in performing their functions smoothly. The growing shipping industry is expected to fuel the overall marine lubricants market growth. 

 

Marine lubricants are segmented based on their applications in different machines, engines, etc wherein these lubricants play a vital role in reducing friction and increasing the output efficiency of the operating machines. The engine oil marine lubricants have a higher market share than hydraulic oil marine lubricants. The growing incidence of oil spillage has impacted aquatic life. Bio lubricants are non toxic, non-bio-accumulative and biodegradable in nature and hence are preferred to mineral oil marine lubricants. 

 

Marine lubricants are segmented based upon the type of base oils as mineral oil marine lubricants, synthetic marine lubricants, and bio marine lubricants. Mineral oil marine lubricants dominated the market in 2013 and are expected to continue dominating the market in 2022. The growing environmental concerns and increased awareness amongst the marine lubricants end users is expected to fuel the demand for bio marine lubricants. Group I base oils continue to remain the primary source of raw material, utilized by marine lubricant manufacturers. However, with declining production of bright stock from Group I refineries, the marine lubricant manufacturers are slowly adopting Group II base oils as raw materials. Lubricant manufacturers in Turkey are still in the initial phases of adoption of Group II base oils in the manufacturing process. Base oils obtained are combined with appropriate additive packages that assist in manufacturing marine lubricants for specific marine applications. Finished lubricants are then forwarded for packaging and dispatch, which assures distribution and supply of lubricants.

 

The global marine lubricants market until 2011 was dominated by Europe with Turkey constituting second highest market share. However, due to ongoing shift in market forces of the shipping industry towards Asia Pacific, the marine lubricant industry followed suit. Demand of marine lubricants in Turkey is expected to rise due to the growth in increased marine traffic across the Turkish straits and increased domestic consumption. The Ministry of Environment in Turkey has established several regulations for environmental protection and simultaneously ensures that shipping companies strictly comply with these regulations. With increasing traffic in the ports of Turkey, the marine and port authorities in Turkey are focused towards enforcing strict norms to curb the emissions of polluting substances in Turkish waters. Shipping companies voyaging to Turkey or passing through the Strait of Bosporus have to comply with the regulations established by marine protection organizations. The marine environmental regulations are anticipated to further increase in the future, which would lead to increase in penalties. Regulations over usage of different marine lubricant grades and their leakages have been put forth by the respective marine protection organizations. Additionally, several international regulatory agencies such as International Maritime Organization (IMO) and Det Norske Veritas (DNV) have formulated several legislations regarding the use of marine lubricants. These regulations are attracting shipping companies to invest substantially in Environmentally Accepted Lubricants (EALs). The market for these clean marine lubricants is gradually increasing. However, the adoption of EALs is limited due to factors such as the absence of international agreement and standard definitions, accompanied by the growing concern among equipment suppliers about environmentally-recognized lubricants. As a result, bio-based marine lubricants are likely to experience substantial rise in demand owing to the impending regulatory norms that are adopted by the Turkish regulatory frameworks. 

 

Some of the key companies that deal in mineral oil, synthetic and bio-based marine lubricants include Total Lubricants (Lubmarine), Royal Dutch Shell, Chevron, BP Marine, Castrol, and ExxonMobil. The global MNCs players are signing contractual agreements with the local Turkish manufacturers in order to reinforce their distribution channels in the country and enhance their customer base.

 

 

CHAPTER 1 PREFACE

1.1 REPORT DESCRIPTION

1.2 RESEARCH SCOPE

1.3 RESEARCH METHODOLOGY

 

CHAPTER 2 EXECUTIVE SUMMARY

 

CHAPTER 3 TURKEY MARINE LUBRICANT MARKET – INDUSTRY ANALYSIS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

      3.2.1 TURKEY’S DEVELOPING ENVIRONMENTAL LEGISLATION PROMOTES USE OF CLEAN MARINE LUBRICANTS

      3.2.2 RISING DEMAND FOR LUBRICANTS FROM SHIPPING COMPANIES OPERATING IN TURKISH STRAITS

3.3 MARKET RESTRAINTS

      3.3.1 GRADUAL SHRINKING PRODUCTION OF GROUP I BASE OILS

3.4 MARKET OPPORTUNITIES

      3.4.1 EUROPEAN STANDARDS TO ATTRACT INVESTMENTS IN BIO-BASED LUBRICANTS MARKET

3.5 VALUE CHAIN ANALYSIS

3.6 PORTER’S FIVE FORCES ANALYSIS

      3.6.1 BARGAINING POWER OF SUPPLIERS

      3.6.2 BARGAINING POWER OF BUYERS

      3.6.3 THREAT OF SUBSTITUTES

      3.6.4 THREAT OF NEW ENTRANTS

      3.6.5 DEGREE OF COMPETITION

3.7 MARKET ATTRACTIVENESS ANALYSIS OF TURKEY MARINE LUBRICANTS MARKET, BY PRODUCT TYPE

3.8 PRICE TREND ANALYSIS

 

CHAPTER 4 TURKEY MARINE LUBRICANT MARKET – APPLICATION ANALYSIS

4.1 TURKEY MARINE LUBRICANT MARKET: APPLICATION ANALYSIS

      4.1.1 TURKEY MARINE LUBRICANTS MARKET, VOLUME SHARE BY APPLICATION, 2013 – 2022

4.2 ENGINE OIL MARINE LUBRICANTS

      4.2.1 TURKEY ENGINE OIL MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013– 2022 (KILO TONS) (USD MILLION)

4.3 HYDRAULIC OIL MARINE LUBRICANTS

      4.3.1 TURKEY HYDRAULIC OIL MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013 – 2022 (KILO TONS) (USD MILLION)

4.4 GREASE

      4.4.1 TURKEY GREASE MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013 – 2022 (KILO TONS) (USD MILLION)

4.5 OTHERS (TURBINE OILS, GEAR OILS, COMPRESSOR OILS AND HEAT TRANSFER FLUIDS)

      4.5.1 TURKEY OTHER MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013 – 2022 (KILO TONS) (USD MILLION)

 

CHAPTER 5 TURKEY MARINE LUBRICANT MARKET – PRODUCT SEGMENT ANALYSIS

5.1 TURKEY MARINE LUBRICANT MARKET: PRODUCT SEGMENT ANALYSIS

      5.1.1 TURKEY MARINE LUBRICANTS MARKET, VOLUME SHARE BY PRODUCT SEGMENT, 2013 AND 2022

5.2 MINERAL OIL MARINE LUBRICANTS

      5.2.1 TURKEY MINERAL OIL MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013–2022 (KILO TONS) (USD MILLION)

5.3 SYNTHETIC MARINE LUBRICANTS

      5.3.1 TURKEY SYNTHETIC MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013 – 2022 (KILO TONS) (USD MILLION)

5.4 BIO-BASED MARINE LUBRICANTS

      5.4.1 TURKEY BIO-BASED MARINE LUBRICANTS MARKET ESTIMATES AND FORECAST, 2013 – 2022 (KILO TONS) (USD MILLION)

 

CHAPTER 6 COMPANY PROFILES

6.1 BP PLC

      6.1.1 COMPANY OVERVIEW

      6.1.2 PRODUCT PORTFOLIO

      6.1.3 FINANCIAL OVERVIEW

      6.1.4 BUSINESS STRATEGY

      6.1.5 SWOT ANALYSIS

      6.1.6 RECENT DEVELOPMENTS

6.2 CHEVRON CORPORATION

      6.2.1 COMPANY OVERVIEW

      6.2.2 PRODUCT PORTFOLIO

      6.2.3 FINANCIAL OVERVIEW

      6.2.4 BUSINESS STRATEGY

      6.2.5 SWOT ANALYSIS

      6.2.6 RECENT DEVELOPMENTS

6.3 EXXONMOBIL CORPORATION

      6.3.1 COMPANY OVERVIEW

      6.3.2 PRODUCT PORTFOLIO

      6.3.3 FINANCIAL OVERVIEW

      6.3.4 BUSINESS STRATEGY

      6.3.5 SWOT ANALYSIS

      6.3.6 RECENT DEVELOPMENTS

6.4 GULF MARINE AND INDUSTRIAL SUPPLIES INC.

      6.4.1 COMPANY OVERVIEW

      6.4.2 PRODUCT PORTFOLIO

      6.4.3 BUSINESS STRATEGY

      6.4.4 SWOT ANALYSIS

6.5 LUBRICO TURKEY

      6.5.1 COMPANY OVERVIEW

      6.5.2 PRODUCT PORTFOLIO

      6.5.3 BUSINESS STRATEGY

      6.5.4 SWOT ANALYSIS

6.6 LUKOIL OIL COMPANY

      6.6.1 COMPANY OVERVIEW

      6.6.2 PRODUCT PORTFOLIO

      6.6.3 FINANCIAL OVERVIEW

      6.6.4 BUSINESS STRATEGY

      6.6.5 SWOT ANALYSIS

      6.6.6 RECENT DEVELOPMENTS

6.7 OMV PETROL OFISI A.S.

      6.7.1 COMPANY OVERVIEW

      6.7.2 PRODUCT PORTFOLIO

      6.7.3 FINANCIAL OVERVIEW

      6.7.4 BUSINESS STRATEGY

      6.7.5 SWOT ANALYSIS

      6.7.6 RECENT DEVELOPMENTS

6.8 PRISTA OIL GROUP BV

      6.8.1 COMPANY OVERVIEW

      6.8.2 PRODUCT PORTFOLIO

      6.8.3 BUSINESS STRATEGY

      6.8.4 SWOT ANALYSIS

      6.8.5 RECENT DEVELOPMENTS

6.9 ROCK OIL

      6.9.1 COMPANY OVERVIEW

      6.9.2 PRODUCT PORTFOLIO

      6.9.3 BUSINESS STRATEGY

      6.9.4 SWOT ANALYSIS

      6.9.5 RECENT DEVELOPMENTS

6.10 ROYAL DUTCH SHELL PLC

      6.10.1 COMPANY OVERVIEW

      6.10.2 PRODUCT PORTFOLIO

      6.10.3 FINANCIAL OVERVIEW

      6.10.4 BUSINESS STRATEGY

      6.10.5 SWOT ANALYSIS

      6.10.6 RECENT DEVELOPMENTS

6.11 TOTAL LUBMARINE

      6.11.1 COMPANY OVERVIEW

      6.11.2 PRODUCT PORTFOLIO

      6.11.3 FINANCIAL OVERVIEW

      6.11.4 BUSINESS STRATEGY

      6.11.5 SWOT ANALYSIS

      6.11.6 RECENT DEVELOPMENTS

6.12 TURCAS PETROL A.S.

      6.12.1 COMPANY OVERVIEW

      6.12.2 PRODUCT PORTFOLIO

      6.12.3 FINANCIAL OVERVIEW

      6.12.4 BUSINESS STRATEGY

      6.12.5 SWOT ANALYSIS

      6.12.6 RECENT DEVELOPMENTS

LIST OF FIGURES 

 

FIG. 1 TURKEY MARINE LUBRICANTS MARKET VOLUME AND REVENUE, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 2 VALUE CHAIN ANALYSIS

FIG. 4 MARKET ATTRACTIVENESS ANALYSIS OF TURKEY MARINE LUBRICANTS MARKET, BY  PRODUCT TYPE

FIG. 5 PRICING TRENDS OF MARINE LUBRICANTS, BY PRODUCT TYPE, 2013 – 2022, PRICE (USD/KG) 

FIG. 6 TURKEY MARINE LUBRICANTS MARKET, VOLUME SHARE BY APPLICATION, 2013 – 2022

FIG. 7 TURKEY ENGINE OIL MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 8 TURKEY HYDRAULIC OIL MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 9 TURKEY GREASE MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 10 TURKEY OTHER MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 11 TURKEY MARINE LUBRICANT MARKET, VOLUME SHARE BY PRODUCT SEGMENT, 2013 AND 2022

FIG. 12 TURKEY MINERAL OIL MARINE LUBRICANTS MARKET, 2013–2022 (KILO TONS) (USD MILLION) 

FIG. 13 TURKEY SYNTHETIC MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

FIG. 14 TURKEY BIO-BASED MARINE LUBRICANTS MARKET, 2013 – 2022 (KILO TONS) (USD MILLION) 

LIST OF TABLES

 

TABLE 1 TURKEY MARINE LUBRICANTS MARKET SNAPSHOT

TABLE 2 DRIVERS OF TURKEY MARINE LUBRICANTS MARKET: IMPACT ANALYSIS

TABLE 3 TRADE OF CRUDE OIL THROUGH TURKISH STRAITS, 2009 – 2013 (MILLION BARRELS/DAY) 

TABLE 4 RESTRAINTS OF TURKEY MARINE LUBRICANTS MARKET: IMPACT ANALYSIS

 

Lubricants play a vital role in reducing friction between, and wear and tear of operating parts in different machines. Sometimes, movement of certain mechanical parts is possible only by the use of lubricants. This property to reduce friction is known as lubricity. A good lubricant is expected to possess different properties, namely high boiling point, high viscosity index, corrosion prevention ability, thermal stability, low freezing point and high resistivity to oxidation. Lubricants are known to increase operational life of mechanical parts, thereby providing higher efficiency output. Lubricants are employed for the smooth operation of mechanical parts and to remove residue deposited over them.

 

Basic raw materials utilized in manufacturing marine lubricants comprise mineral oils, synthetic oils or bio- based lubricants. Refinement of petroleum or crude oil leads to the production of mineral oil while synthetic oils are obtained from polyalphaolefins, which are hydrocarbon-based polyglycols. Group I plants are capable of producing heavier grade oils such as bright stock. Feedstock utilized in manufacturing marine lubricants consists of bright stock oil. Bright stock oils are used to formulate different types of industrial and marine lubricants. Bio-lubricants are based on biodegradable and renewable feedstock. They are manufactured using bio-based materials such as palm oil, castor oil and other vegetable- and animal-derived oils. Marine lubricants mainly comprise of 90% base oils and 10% additives.

 

This research study analyzes the marine lubricants market in Turkey in terms of volume and revenue. The market has been segmented on the basis of product and application. For the research, the base year is 2013, while the forecast is for the period 2014–2022. Market data for all segments has been provided for the period 2013–2022. The report provides a comprehensive competitive landscape and features companies engaged in the marine lubricants business in Turkey. This report includes the key market dynamics affecting the demand for marine lubricants in Turkey. The report also provides a detailed industry analysis of the marine lubricants market in Turkey with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the marine lubricants market in Turkey. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.  

 

The high-level analysis provides detailed insights into the business of marine lubricants in Turkey. Major drivers, restraints, and opportunities of the market were analyzed in detail and are illustrated in the report through graphs and tables. There are currently numerous drivers of the marine lubricants market in Turkey. One of the most prominent drivers is the rising demand for lubricants from shipping companies operating in the Turkish Straits.

 

Key application segments of marine lubricants were identified as engine oil, hydraulic oil, grease, and others (turbine oils, gear oils, compressor oils and heat transfer fluids). The marine lubricants market in Turkey was also analyzed by product type as mineral oil, synthetic, and bio-based marine lubricants. Key market participants in the marine lubricants business in Turkey include OMV Petrol Ofisi A.S., Prista Oil, and Lubrico. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

 

The report also includes Porters five forces model, value chain analysis of the market and market attractiveness analysis by product type. Some of the key companies that deal in mineral oil, synthetic and bio-based marine lubricants include Total Lubricants (Lubmarine), Royal Dutch Shell, Chevron, BP Marine, Castrol, and ExxonMobil. The report provides an overview of these companies followed by their financial revenue, business strategies and recent developments.

 

The research provides detailed analysis of companies dealing in marine lubricants, trend analysis and demand forecast by geography. Various levels of market segmentation for which estimate and forecast has been provided are as follows:
 

  • Turkey marine lubricant market, by product type

    • Mineral oil marine lubricants
    • Synthetic marine lubricants
    • Bio-based marine lubricants
  • Turkey marine lubricant market, by application

    • Engine oil marine lubricants
    • Hydraulic oil marine lubricants
    • Grease
    • Others (turbine oils, gear oils, compressor oils and heat transfer fluids)


 
 
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