Revolution in Water Transport to Create Demand for Marine Lubricants with High Viscosity,Reports TMR
The global marine lubricants market is subjugated by large MNCs with successful distribution networks. Companies are focusing on synthetic and bio-based product innovation in order to achieve higher market shares by reducing product pricing. Transparency Market Research (TMR), in its new report, states that brand creation is extremely difficult to achieve in the marine lubricants market. The conventional marine lubricants market faces an internal threat from synthetic and bio-based lubricants, which act as substitutes. The top three players accounted for...
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