Press release
Marine Lubricants Market 2024 Global Analysis By Key Players - Castrol, LUKOIL, JX Nippon Oil & Energy Corporation, Valvoline Inc, Gulf Oil International, Lubricon, Baileys Marine Fuels, Royal Dutch Shell plc, Chevron Marine Lubricants, Exxon Mobil Corpor
Marine Lubricants
China synthetic marine lubricants market should witness gains at close to 4%. These products have high resistance at extreme temperature and are expensive when compared to its counterparts owing to production complexity & purity of base oil. Key benefits include low wearing & tearing properties, high thermal resistance, good load carrying capacity and low friction which are important in long run for engines & turbines.
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Marine lubricants market from transport ships which include cargo ships, tankers, container ships & passenger ships should witness significant gains at over 3.5%. Positive indicators towards growth in shipbuilding industry should drive product demand. Global sea trade was d to be over 9.5 billion tons in 2016 and is anticipated to grow further due to strong trade ties between economies and growing demand for commodities.
Marine lubricants market from drill ships may witness gains at over 3.5%. Major oil & gas exploring companies have engaged in multiple drilling projects to discover new reserves for hydrocarbon. Increase in offshore drilling activities to meet growing demand of crude oil & its refined products from chemical industries and refineries should favor product demand.
Germany marine lubricants market from recreational ships should witness consumption of over 18 kilo tons at the end of 2024. Recreational boating activities include campaigning, sailing, fishing, water sport games and boat racing. Economic growth along with growing overall population should drive tourism industry thereby promoting product demand for recreational boats.
Global marine lubricants market may witness consumption of over 3.4 million tons by 2024. of global marine cargo fleet is expected to grow owing to increased interaction between economies in through international trade by marine route. Rise in marine trade frequency can be advantageous due to large shipment transportability, ability to cover huge distances and lowering cost of transportation & maintenance.
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Global marine lubricants market share is consolidated and highly capital intensive with industry participants including Synforce Lubricants, Valvoline Inc, Gulf Oil International, Lubricon, Baileys Marine Fuels, Royal Dutch Shell plc, Chevron Marine Lubricants, Exxon Mobil Corporation, Sinopec Corp, Castrol, LUKOIL, JX Nippon Oil & Energy Corporation, Quepet Lubricants, Total S.A., Aegean Marine Petroleum Network, Idemitsu Kosan Co, Indian Oil Corporation Ltd. Mergers & acquisitions between industry participants may take place which can lead to further market consolidation and enhances company product portfolio & regional presence.
Table of Contents:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Marine Lubricants Industry Insights
Chapter 4 Marine Lubricants Market, By Product
Chapter 5 Marine Lubricants Market, By Application
Chapter 6 Marine Lubricants Market, By Marine Channel
Chapter 7 Marine lubricants Market, By Region
Chapter 8 Company Profiles
More Details on this Report at: https://www.marketstudyreport.com/reports/marine-lubricants-market
Related Report:
Global Marine Lubricants Market Research Report 2018
In this report, the global Marine Lubricants market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/global-marine-lubricants-market-research-report-2018
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