Global Marine Lubricants Market by Product (Mineral, Synthetic, Bio), by Application (Engine Oil, Hydraulic Oil, Grease, Etc.) - Industry Analysis and Forecast by 2022
Increasing global trade and spurt in the shipping industry is expected to drive marine lubricant demand over the next five years. The growing popularity and increasing utilization of group III and IV base oils and increasing substitution of base I oil, which is a major source of marine lubricants has emerged as a critical issue for industry participants.
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