Marine Lubricants Market is projected to reach USD 6.02 billion by 2021, registering a CAGR of 2.2% between 2016 and 2021. The growth rate is expected to be steady during the forecast period. The market is expected to register a nominal growth due to increase in bilateral trade between different nations. The major factors restraining the growth of the market are less trade activities and rising number of idle ships.
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Download Sample Papers of Marine Lubricants Market spread across 152 pages, profiling 20 companies and supported with 111 tables and 50 figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=709789 .
Mineral oil lubricants are available in light and heavy grades depending on the usage and requirement. They are produced in large quantities because of its high demand in different marine applications such as engines, turbines, and stern tubes.
The market for mineral oil is driven by demand from Asia-Pacific and Europe.
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The mineral oil marine lubricants market in North America and Central & South America will register a low growth rate due to the slow economic growth and strict marine laws.
- Significant Opportunities in the Marine Lubricants Market (2016–2021)
- Robust Growth for Marine Lubricants Market
- Asia-Pacific Marine Lubricants Market Share, By Country and Type, 2015
- Marine Lubricants Market Attractiveness, 2016–2021
- Marine Lubricants Market, By Application and Region, 2015
The main function of the lubricating oil is to help in the formation of thick film of oil in between the moving parts of the machinery, which reduces the wear and friction in between the moving parts of engine. There are two types of oils used in the ship/vessel, cylinder oil and system oil.
Lesser maintenance cost and longer running time for different vessels are generating huge demand for engine oil across the shipping industry.
Report at www.rnrmarketresearch.com/contacts/709789 .
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (30%); Tier 2 (43%) and others (27%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (43%), Directors Level (30%) and other (27%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (23%), Asia-Pacific (26%), and Row (14%).
Some of the key companies profiled in this report are Total S.A. (France), BP PLC (U.K.), Royal Dutch Shell Plc.
(Netherlands), Chevron Corporation (U.S.), Sinopec Corporation (China), Lukoil (Russia), Exxon Mobil Corporation (U.S.), Idemitsu Kosan Co. Ltd. (Japan), and Aegean Marine Petroleum NetworkInc.
Marine Lubricants Market by Type (Mineral Oil, Synthetic, Bio-Based, and Grease), Application (Engine, Hydraulic, And Compressor), and Region - Global Forecast to 2021 at www.rnrmarketresearch.com/contacts/?rname=709789
The report is segmented on the basis of oil type, application, ship type, and region. The major types covered in the report are mineral, synthetic, bio-based oil, and grease.
The applications include engine, hydraulic, and compressor.
- Market segmentation based on oil type, application, ship type, and region
- Market dynamics including drivers, restraint, and opportunities
- Value chain analysis
- Porter’s Five Forces model with respect to marine lubricants market
- Profile of key market players of marine lubricants
The ship types covered in this study includes cargo ships, tankers, and container ships. The market is also segmented on the basis of regions including Asia-Pacific, Europe, North America, Middle East & Africa, and Central & South America.
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