MARINE CHEMICALS MARKET Size and trends

Marine Chemicals Market, By Product Type (Fuel Oil Additives, Lubricants, Water Treatment Chemicals, Cargo Additives, and Others), By Application (Shipping, Shipyards, Offshore Oil and Gas, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI7292
Pages :136
Formats :
Excel and PDF
Industry : Bulk Chemicals

Marine Chemicals Market Size and Trends

The global marine chemicals market is estimated to be valued at USD 4.55 Bn in 2025 and is expected to reach USD 6.58 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2025 to 2032.

Marine Chemicals Market Key Factors

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Increasing sea-borne trade activities and expansion of the shipping industry are driving the demand for marine chemicals. In addition, strict environmental regulations regarding sulfur emissions from ships and growth in offshore exploration and production activities will further aid the demand for marine chemicals. However, volatility in raw material prices may hamper the market growth during the forecast period. The development of bio-based and environment-friendly marine chemicals is expected to provide new opportunities for the players operating in the global marine chemicals market in the coming years.