Marine Lubricants Market to Reach 2,902.3 Kilotons by 2022 Due to Development and Growth of Shipping Industry
A new Transparency Market Research report states that the demand for marine lubricant market stood at 2,321.1 kilotons in 2013 and is predicted to reach 2,902.3 kilotons by 2022. It is expected to expand at a CAGR of 2.52% from 2014 to 2022. The title of the report is "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".
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