Global Marine Lubricants Markets 2018-2024: Economic Uncertainties in Shipbuilding is Hampering Growth (2% CAGR) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 21, 2018--The “Marine Lubricants Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global marine lubricants market to grow with a CAGR of 2% over the forecast period of 2018-2024.
The development in the shipping industries is rising very rapidly across the world, driving the growth of the marine fuel market. Rising transportation and shipbuilding activity across Europe and Asia Pacific 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.
Europe held the majority market share in the marine lubricants market in 2017, and is 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 drive the growth of marine lubricants in this region.
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 this region.
Companies FeaturedTotal 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
Key Topics Covered
2. Executive Summary
3. Global Marine Lubricants Market Overview
4. Marine Lubricants Market Macro Indicator Analysis
5. Global Marine Lubricants Market by Type
6. Global Marine Lubricants Market by Application
7. Global Marine Lubricants Market by Region 2018-2024
8. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/hjzwk4/global_marine?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180921005267/en/
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Related Topics:Shipbuilding and Ship Parts,Lubricants and Greases
INDUSTRY KEYWORD: TRANSPORT MARITIME MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/21/2018 09:03 AM/DISC: 09/21/2018 09:03 AM