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Global Marine Lubricants Market is Expected to Reach USD 9.36 Billion in 2018: Transparency Market Research


News provided by

Transparency Market Research

30 Apr, 2013, 09:30 GMT

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ALBANY, New York, April 30, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Marine Lubricants Market by Product (Mineral, Synthetic, Bio), by Application (Engine Oil, Hydraulic Oil, Grease, etc.) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global marine lubricant demand was 2,272.6 kilo tons in 2011 and is expected to reach 2,852.5 kilo tons in 2018, growing at a CAGR of 3.31% from 2012 to 2018. In terms of revenue, the market is expected to grow at a CAGR of 6.13% from 2012 to 2018.

Browse the full report at http://www.transparencymarketresearch.com/marine-lubricants-market.html   

Marine lubricants reduce the friction between operating mechanical components, thereby increasing the output efficiency of machineries, engines and components installed on a ship. The growing shipping industry is expected to augment the growth of the marine lubricant market in the near future. To prevent lubricant spillage in water bodies, and regulatory pressure to increase product quality and ensure environment safety has resulted in increased demand for relatively safer synthetic and bio-based marine lubricants.

Key product segments analyzed and estimated in this study include mineral, synthetic and bio-based lubricants. Mineral lubricants dominated the product market, accounting for 87.15% of the overall demand volume in 2011. Marine lubricants are primarily categorized into seven different applications including engine oils, hydraulic oils, grease, turbine oils, gear oils, compressor oils and heat transfer fluids. Engine oils captured majority of the market and accounted for 46.28% of the overall marine lubricant market in 2011. Hydraulic oils and grease followed engine oils and are expected to grow at a CAGR of 3.37% and 3.35% from 2012 to 2018.

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In terms of volume, Europe dominated the global market, accounting for 46.0% of the overall market in 2011, with the UK, Germany, Italy, Spain, Turkey, Netherlands and France being the most dominant regional markets. Marine lubricants demand is expected to rise in Europe due to a favorable regulatory scenario and high consumer awareness levels in the region. Europe was followed by Asia Pacific, owing to high demand in emerging economies, especially China, South Korea, India, Japan and Singapore. Asia Pacific marine lubricant revenues are expected to grow at a CAGR of 6.23% from 2012 to 2018.

Some of the key companies that deal in mineral oil, synthetic and bio-based marine lubricants include Total Lubricants (Lubmarine), Royal Dutch Shell, Chevron, Castrol, and ExxonMobil.

Related & Recently Published Reports by Transparency Market Research

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This research analyzes and estimates the performance and demand of marine lubricants in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in marine lubricants. The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the marine lubricants market as below:

  • Global marine lubricant market, by product type
    • Mineral oil marine lubricants
    • Synthetic marine lubricants
    • Bio-based marine lubricants
  • Global marine lubricant market, by application
    • Engine oil marine lubricants
    • Hydraulic oil marine lubricants
    • Grease
    • Others (turbine oils, gear oils, compressor oils and heat transfer fluids)
  • Global marine lubricant market, by geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Turkey
      • Germany
      • Italy
      • Spain
      • Netherlands
      • France
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Singapore
    • Rest of the World (RoW)

Browse all Chemical Industry Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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About Us

TransparencyMarket Researchis a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Visit:http://de.transparencymarketresearch.com/
Visit: http://www.europlat.org/
Visit: http://www.transparencymarketresearch.com/

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