Global Marine Lubricants (Engine Oil, Hydraulic Fluid, Compressor Oil) Market 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 23, 2018--The “Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023.
The growth of the market is driven by the emerging alternative technology trends. Also, rising infrastructure developments (port infrastructure) to strengthen the shipping industry globally are fueling trade activities, leading to the growth of marine lubricants market. However, fewer trade activities and the rising number of idle ships are restraining the market’s growth.
Mineral oil is the largest oil type segment of the global marine lubricants market. By oil type, the mineral oil segment is estimated to account for the largest share of the global marine lubricants market in 2018. This oil type is available in light and heavy grades, depending on the usage and requirement. Mineral oil is 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 the demand from APAC and the Middle East due to the presence of a large number of oil refineries in these regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights and Trends
7 Marine Lubricants Market, By Oil Type
8 Marine Lubricants Market, By Product Type
9 Marine Lubricants Market, By Ship Type
10 Marine Lubricants Market, By Region
11 Competitive Landscape
12 Company ProfilesAegean Marine Petroleum Network Inc. Avin Oil S.A. BP PLC. Chevron Corporation Exxonmobil Corporation Fuchs Petrolub Se Gulf Oil International H&R GmbH & Co. KGaA Idemitsu Kosan Co., Ltd. Indian Oil Corporation Ltd. JX Nippon Oil & Energy Corporation Lukoil Petronas Lubricants International Quepet Lubricants Royal Dutch Shell PLC. Sinopec Corporation Stanley Group Total S.A. Unimarine LLC Vickers Oil World Fuel Service Corporation
For more information about this report visit https://www.researchandmarkets.com/research/lg394c/global_marine?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005715/en/
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Related Topics:Oil,Shipbuilding and Ship Parts,Lubricants and Greases
INDUSTRY KEYWORD: ENERGY OIL/GAS TRANSPORT MARITIME MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/23/2018 03:29 PM/DISC: 08/23/2018 03:29 PM