Marine Lubricants Market is expected to reach 103.8 kilo tons by the end of 2022
View Full Report:
According to the study, the Turkey marine lubricants market is expected to grow from a volume of 84.5 kilo tons in 2013 to 103.8 kilo tons in 2022. This represents a CAGR of 2.40% between 2014 and 2022. The market is expected to display a higher CAGR in the same timeframe by revenue; the market’s revenue is expected to rise at a 3.48% CAGR.
Marine lubricants are crucial in any ship, since internal combustion invariably results in the generation of some wasted heat. Accumulation of heat within a ship’s engine can damage numerous crucial parts, which may not be tuned to operate at high temperatures. Lubricants, which have a high boiling point, help dissipate the heat and thus prolong the lifespan of engines. Despite their importance in the smooth operation of ships, the market for marine lubricants is restrained by the risk posed by conventional lubricants to marine ecosystems.
Request to view Sample Report:
Mineral lubricants, which constitute 83% of the total demand from the Turkey marine lubricants market, are nonbiodegradable, which means accidental spillage has the potential to harm the local ecosystem. Long-term disposal of mineral marine lubricants can have deadly effects on marine life. This has led to growing demand for biobased marine lubricants, which are biodegradable and thus pose a lesser threat to aquatic life in the long term. The EU has championed the usage of biobased lubricants in ships for a long time, and growing interaction with Europe’s shipping channels has forced Turkish shipping operators to conform.
Within mineral oil, engine oils are by far the dominant subcategory, holding the majority of the mineral oils market and 46% of the overall Turkey marine lubricants market. Apart from mineral and biobased lubricants, the Turkey marine lubricants market includes synthetic lubricants. The report provides a forecast for all product segments of the Turkey marine lubricants market, helping the reader figure out which segments are the best to invest in.
Request to download and view full ToC -
The rising trade activities in the Turkish Straits have ensured steady demand from the Turkey marine lubricants market for years to come. Combined with Turkey’s willingness to incorporate environmental standards into its growing shipping industry, this could make Turkey the dominant player in the Europe marine lubricants market.Apart from the detailed discussion on the major drivers and restraints acting upon the Turkey marine lubricants market, the report describes the market’s competitive landscape. Major companies such as BP, Chevron, ExxonMobil, Turcas Petrol A.S., and Total Submarine, and others are examined in the report, with the SWOTs, company profiles, product specifications, business strategies, and recent developments of each company analyzed in detail.
Global Marine Lubricants Market Report is available at US$ 5795 -
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Marine Lubricants Market is expected to reach 103.8 kilo tons by the end of 2022 here
News-ID: 766589 • Views: 165
More Releases from Transparecny Market Research
Advanced Wound Care Management Market - Global Industry Analysis, Size, Share, G …
Advanced Wound Care Management Market - Overview The market for wound care is expanding significantly, due to increase in advancements in treating complex wounds. The advanced wound care market is anticipated to expand during the forecast period, as the products have been a promising solution for rapid recovery and wound healing. These products offer superior solution than traditional products by offering desired outcome and effectiveness in healing wounds. Increasing incidences of
Operating Room Equipment Market projected to expand at a CAGR of 6.4% from 2018 …
Transparency Market Research (TMR) has published a new report titled ‘Operating room equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global operating room equipment market was valued at US$ 29,912.3 Mn in 2017. It is projected to expand at a CAGR of 6.4% from 2018 to 2026. Aging population and longer life-expectancy, increased awareness, and acceptance of advanced devices are
Hip Replacement Implants Market Size, Status, Scope and Growth Prospects
The global hip replacement implants market was valued at approximately US$ 7.0 Bn in 2017. It is projected to register a cumulative annual growth rate (CAGR) of over 3.5% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Hip Replacement Implants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Expansion of the health care industry, government initiatives, increase in
Global 3D Applications in Health Care Market Industry Analysis Size, Share, Tren …
The global 3D application in health care market is categorized on the basis of application and type. Systems and services are segments that fall under the types of 3D applications. Out of these two, the services segment is projected to dominate the market in the coming years due to increasing demand for 3D imaging devices in the health care organizations 3D technology has come up as a blessing for the health
More Releases for Turkey
Hair Transplant in Turkey
Istanbul is not only recognised with its world-famous Bosphorus Bridge any more. It is the first city comes to mind in hair transplant operations globally. Moreover, one in every five people in the world travels to Istanbul for medical tourism to undergo a hair transplant procedure. If you surf the internet and use search engines, you will come across with an enormous number of advertisements, clinics, hospitals, doctors and even
Turkey: Country Intelligence Report
"Turkey: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Turkey today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key regulatory
Turkey Power Sector Analysis
The power sector in Turkey is a highly evolved and efficient sector, being supported by an extremely favorable and facilitative government policy and regulatory regime. The power sector is divided into three sub-sectors in Turkey, namely the generation, transmission and distribution sectors. The power generation sector in Turkey is fully competent to meet the domestic demand. Furthermore, the country is also capable of supplying electricity to neighboring nations in Europe and
Agrochemicals Market in Turkey
ReportsWorldwide has announced the addition of a new report title Turkey: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Turkey: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Cigarettes in Turkey, 2016
ReportsWorldwide has announced the addition of a new report title Cigarettes in Turkey, 2016 to its growing collection of premium market research reports. "Cigarettes in Turkey, 2016" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Turkish market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork,
Trekking In Turkey – Lycian Way
Turkey is one of the most popular holiday destinations thanks to its beautiful Mediterranean coast with top quality sandy beaches. Not many people know trekking hobbyists also can find entertainment in this amazing country. The Lycian Way, which takes its name from the ancient civilization which once ruled the area, has become one of the world's best known long-distance footpaths. The Sunday Times announced it one of the ten most beautiful