Research and Markets: Global Marine Lubricants Market Analysis 2015-2022 – Product (Mineral, Synthetic, Bio) & Application (Engine Oil, Hydraulic Oil, Grease)
April 28, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/wv9mwv/marine_lubricants) has announced the addition of the “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 2014 – 2022” report to their offering.
Marine lubricants constitute mineral oil, synthetic and bio lubricants. Marine lubricants are manufactured either from crude oil from chemicals or vegetable oils. Lubricants are required to reduce the friction caused between different operating components and increase their output efficiency. Marine lubricants help in assisting various components in performing their functions smoothly. The growing shipping industry is expected to fuel the overall marine lubricants market growth.
Marine lubricants are segmented based on their applications in different machines, engines, etc wherein these lubricants play a vital role in reducing friction and increasing the output efficiency of the operating machines. The engine oil marine lubricants have a higher market share than hydraulic oil marine lubricants. The growing incidence of oil spillage has impacted aquatic life. Bio lubricants are non toxic, non-bio-accumulative and biodegradable in nature and hence are preferred to mineral oil marine lubricants.
Marine lubricants are segmented based upon the type of base oils as mineral oil marine lubricants, synthetic marine lubricants, and bio marine lubricants. Mineral oil marine lubricants dominated the market in 2013 and are expected to continue dominating the market in 2022. The growing environmental concerns and increased awareness amongst the marine lubricants end users is expected to fuel the demand for bio marine lubricants.
The global marine lubricants market until 2011 was dominated by Europe. However, due to ongoing shift in market forces of the shipping industry towards Asia Pacific, the marine lubricant industry followed suit. Demand of marine lubricants in Asia Pacific is expected to increase due to growth in low-cost shipbuilding and increased domestic consumption particularly in China. Asia Pacific is anticipated to dominate the market by 2016, in context to market share due to considerable demand for marine lubricants especially in China, Japan and Singapore.
Some of the key companies that deal in mineral oil, synthetic and bio-based marine lubricants include Total Lubricants (Lubmarine), Royal Dutch Shell, Chevron, BP Marine, Castrol, and ExxonMobil.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Marine Lubricants Market, By Product Type
Chapter 5 Global Marine Lubricants Market, By Application
Chapter 6 Global Marine Lubricants Market, By Geography
Chapter 7 Company Profiles
– Bp Marine
– Castrol
– Chevron
– Exxonmobil Corporation
– Gulf Marine And Industrial Supplies Inc.
– Idemitsu Kosan Co., Ltd.
– Iko Marine Lubricant Supply Co. Ltd
– Jx Nippon Oil & Energy Corporation
– Lubmarine (Total Group)
– Lukoil Marine Lubricants
– Quepet Lubricants
– Royal Dutch Shell Plc
– Sinopec Corporation
For more information visit http://www.researchandmarkets.com/research/wv9mwv/marine_lubricants
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