On the basis of thickener type, the engine oil segment is expected to hold major revenue share in the global marine lubricants market. Engine oils include cylinder oils, system oils, and trunk piston engine oils. Increasing demand for marine transportation is expected to boost demand for ships, which in turn is projected to support the revenue growth of the segment.
Asia Pacific market is estimated to hold major revenue share in the global marine lubricants market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of a large number of ports coupled with increasing trade activities with other countries is expected to be a major factor driving Asia Pacific marine lubricants market over the forecast period.
Moreover, growing maritime transport sector in India and China coupled with the development of new waterways is anticipated to drive Asia Pacific marine lubricants market growth over the forecast period.
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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The marine lubricants market report has been segmented on the basis of product, ship type, and region.
Market segmentation and key players operating in the global marine lubricants market:
- Engine oil
- Hydraulic oil
- Turbine oil
- Gear oil
- Others (Compressor oil and Heat transfer fluids)
By ship type:
- Passenger Ships
- Bulk Carrier & Cargo Ships
- Others (service vessels, special purpose vessels, offshore vessels, and yachts)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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