Marine Lubricants Market Analysis and Forecast 2014 - 2022

Transparency Market

Research

Marine Lubricants Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2022

Published Date

31-March-2015

114 Page Report

Buy Now

Request Sample

Press Release

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

Marine Lubricants Market

REPORT DESCRIPTION

Marine Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2014 - 2022

Marine lubricants are produced from crude oil using chemicals or vegetable oils. Marine lubricants are used

to reduce the friction created among operating components so as to increase their output efficiency. Thus,

marine lubricants also help different components to perform their operation smoothly. The rising volume of

the shipping industry across the globe is anticipated to bolster the demand from the marine lubricants

market in the near future.

Browse Marine Lubricants Market Report with Full TOC at

http://www.transparencymarketresearch.com/marine-lubricants-market.html

In 2013, the total demand for marine lubricants was 2,321.1 kilo ton, which is anticipated to be 2,902.3

kilo ton by the end of 2020, growing at a progressive 2.52% CAGR between 2014 and 2020. In terms of

revenue, the global marine lubricants market is expected to exhibit a healthy CAGR of 3.63% between

2014 and 2020.

Decreased Production of Group I Base Oil to Curb Growth of Marine Lubricants Market

Extensive expansion of the shipping industry, rising demand for synthetic and bio-based marine lubricants,

technological advancements that have increased the shelf life of mechanical components, and

environmental regulations are some of the driving factors expected to fuel the demand for marine

lubricants in the near future. However, reduction in group I base oil production is expected to hamper the

growth of the...