MARINE CHEMICALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global marine chemicals market has been witnessing significant growth over the past few years. Factors such as increasing maritime trade activities, expansion of offshore oil & gas exploration projects, and stringent environmental regulations regarding sulfur emissions from ships are driving the demand for various marine chemicals. The market for marine chemicals is broadly categorized into product types such as marine lubricants & hydraulic fluids, rust preventives & corrosion inhibitors, biocides, anti-fouling agents, oil spill management products, and others. Marine chemical manufacturers are engaging in new product development and strategic collaborations to strengthen their market position. Additionally, tightening environmental norms regarding marine fuel quality are compelling vessel owners to use high-performance marine chemicals for safer and sustainable operations.

Market Dynamics:

The key drivers propelling the global marine chemicals market include rapid growth of international seaborne trade owing to globalization, positive outlook of the shipping industry, and stringent environmental regulations enforced by International Maritime Organization (IMO) to curb sulfur emissions from ships. Furthermore, expansion of offshore oil & gas activities and construction of new maritime infrastructure are creating significant demand for marine chemicals. However, volatility in raw material prices poses a major challenge for market players. Moreover, availability of environment-friendly substitutes may hinder the demand for conventional anti-fouling coatings. On the positive side, growing R&D investments for bio-based and advanced coating technologies present lucrative opportunities in the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global marine chemicals market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global marine chemicals market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Total Group, Aqua Marine Chemicals, CHEMO Marine Chemicals, Unitech Chemicals, Gard, Wilhelmsen Ships Service, Marichem Marigases Worldwide Services, Unikem Industries, Chemtura Corporation, Clariant, BASF, Evonik Industries, Ecolab, Kemira, Lonza, Buckman, Solenis, Nalco Champion, Dorf Ketal, and Innospec
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global marine chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marine chemicals market

Detailed Segmentation:

•  Product Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Fuel Oil Additives
  • Lubricants
  • Water Treatment Chemicals
  • Cargo Additives
  • Others
•  Application  Insights (Revenue, USD Bn, 2019 - 2031)
• • Shipping
  • Shipyards
  • Offshore Oil and Gas
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Total Group
  • Aqua Marine Chemicals
  • CHEMO Marine Chemicals
  • Unitech Chemicals
  • Gard
  • Wilhelmsen Ships Service
  • Marichem Marigases Worldwide Services
  • Unikem Industries
  • Chemtura Corporation
  • Clariant
  • BASF
  • Evonik Industries
  • Ecolab
  • Kemira
  • Lonza
  • Buckman
  • Solenis
  • Nalco Champion
  • Dorf Ketal
  • Innospec