Press release
Marine Lubricants Market - Global Outlook & Forecast 2022-2027
The marine lubricants industry has undergone significant changes due to the evolving needs and preferences of customers. Two foremost factors, such as the demand for higher-performance marine lubricants and the transition from conventional feedstock to modern feedstock (such as base oil and additives) to produce high-quality base stock, have contributed to the changing market landscape in the marine Lubricants industry.Presently, the marine lubricants industry is undergoing a shift from group I base oil to group II & group III base oil feedstocks driven by improved regulatory standards, circular economy, and the need for high-quality marine lubricants. In addition, the rising demand for low viscosity and low volatility lubricants is growing due to the snowballing trend toward better fuel economy. Consequently, companies are switching from group I base oil marine lubricants to premium quality-based base oil, such as group II and group III base oil.
Know more: https://www.arizton.com/market-reports/marine-lubricants-market
Key Vendors
Chevron Corporation
Castrol
ExxonMobil Corporation
Shell
TotalEnergies
Other Prominent Vendors
Addinol
Company Overview
Product Offerings
Cortec Corporation
FUCHS
Kluber Lubrication
Lubriplate Lubricants Company
Liqui Moly
Motul
Metalube
Pentagonlubricants
Penrite Oil
Panolin AG
Repsol
Sinopec
Vickers Oil
Valvoline Inc.
Vinayak Oil
Segmentation by Base Oil
Mineral Base Oil
Synthetic Base Oil
Bio-Based Oil
Segmentation by Application
Engine System
Gear System
Motors & Auxiliaries
Hydraulic System
Air Compressor
Others
Segmentation by End-Use
Bulk Carriers
Tankers
Container Ships
General Cargo
Others
Segmentation by Geography
APAC
China
South Korea
Japan
Rest of APAC
North America
The U.S.
Canada
Europe
Italy
Germany
Finland
Norway
Netherland
Rest of Europe
Latin America
Brazil
Paraguay
Mexico
Middle East & Africa
Egypt
South Africa
Rest of the Middle East & Africa
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