Infinium Global Research has added a new report on Marine Lubricants Market. The
report presents analysis of global as well as regional markets of marine
lubricants market over the period of 2016 to 2024. Lubricants are the material
used to reduce the friction between the surfaces that helps to reduce the heat
produced due to the mobility of the surfaces. The marine lubricants can be
systemic, mineral-based oils, grease, and Biobased compound that helps to
protect the engine and various marine equipment’s. The use of marine lubricants enhances the
efficiency and the performance of marine equipment by avoiding the friction
between the surfaces.
The development in the shipping industries is rising
very rapidly across the world that drives the growth of the marine fuel market.
The marine is becoming the important source of transportation. The rising
transportation and Shipbuilding activity across Europe and Asia Pacific region
is likely to escalate the growth of marine lubricants market. In addition,
ongoing developments in the alternative technologies such as bio-based marine
lubricants are expected to contribute to the growth of marine lubricants
market. However, economic Uncertainties in Shipbuilding is hampering the growth
of marine lubricants market. Moreover, the rising use and the demand for
bio-based and eco-friendly marine lubricants are projected to create the
several opportunities in the marine lubricants market over the forecast period.
Among the regions, Europe holds the maximum market share in the marine
lubricants market in 2017 and expected to be the dominating region over the
forecast period. Presence of major players of the marine lubricants market such
as Shell, ExxonMobil, Total S.A. and many others in the Europe region drive the
growth of marine lubricants in this region. In addition, the Asia Pacific is
the fastest growing region in the marine lubricants market. The rising use of
marine for trading activity and developing shipping infrastructure contributes
to the growth of marine lubricants market in Asia Pacific region. Moreover, the
growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global marine lubricants market but
also make strategic decisions to capture the most lucrative markets in the near
future. The market size is presented in terms of value for the historic year
2016 and estimated for forecast period of 2018-2024.
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for early purchase of global marine lubricants market report by clicking the
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The recent report identified that Europe dominated the
global marine lubricants market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the marine lubricants market worldwide.
The report segments the global marine lubricants market
on the basis of Type and Application.
Global Marine Lubricants Market by Type
·
Synthetic
·
Mineral Oil
·
Grease
·
Bio-Based
Global Marine Lubricants Market by Application
·
Engine
·
Hydraulic
·
Compressor
·
Turbine
·
Gear
·
Greases
Companies Profiled in the Report
·
Total S.A.
·
Gulf Oil International
·
PetroChina Co. Ltd.
·
Royal Dutch Shell Plc
·
Sinopec Corporation
·
Zeller+Gmelin GmbH & Co. KG
·
UniMarine Inc.
·
Chevron
·
Innospec
·
Exxon Mobil Corporation
About Infinium Global Research
Infinium Global Research is a business intelligence
company that provides its clients with market information services, solutions,
and reports. The intelligence reports include qualitative as well as
quantitative information, which are blended using forecasting models in order
to project future market demand. Our panels of Subject Matter Experts (SMEs),
Analysts, and Consultants use numerous data gathering tools in order to provide
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