Press release
Functions Of Marine Lubricants Market Globally Grow At A CAGR of 4.3% From 2016 - 2020
Market Research Report
The functions of marine lubricants on a ship are numerous. Some of the areas of application of marine lubricants onboard a marine vessel includes:
Marine engine cylinder
Ramps and side doors
Lifeboat engines and elevators
Hydraulic systems
Transmission systems and open gears
Bow and stern thrusters
Gas compressors and turbochargers
Rudder and propeller controllers
The desired properties of any marine lubricant are highly specific, considering the harsh environment the equipment are subject to in the seas.
Technavios analysts forecast the global marine lubricants market to grow at a CAGR of 4.3% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global marine lubricants market for 2016-2020. The report segments the marine lubricants market by the different product types which include:
Mineral oil based marine lubricants
Synthetic marine lubricants
Bio-based marine lubricants
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Marine Lubricants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ExxonMobil
Castrol
Chevron
Shell
Total Lubmarine
Other prominent vendors
World Fuel Services
Aegean Marine Petroleum
Sinopec
Unimarine
Idemitsu Kosan
Fuchs Lubricants
Gulf Oil
JX Nippon Oil and Energy (ENEOS)
Indian Oil (Servo)
Market driver
Growing size of global marine cargo fleet
For a full, detailed list, view our report
Market challenge
Increased demand for slow steaming
For a full, detailed list, view our report
Market trend
Shift in focus from Europe to Asia
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=729262
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