Infinium Global Research added Latest Research Report titled “Marine Lubricants Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.

Pune, India -- (SBWire) -- 09/11/2018 --Development in the Shipping Industries to Promote the Growth of Marine Lubricants Market

The development in the shipping industries is rising very rapidly across the world that drives the growth of the marine fuel market. The marine is becoming the important source of transportation. The rising transportation and Shipbuilding activity across Europe and Asia Pacific region is likely to escalate the growth of marine lubricants market. In addition, ongoing developments in the alternative technologies such as bio-based marine lubricants are expected to contribute to the growth of marine lubricants market. However, economic Uncertainties in Shipbuilding is hampering the growth of marine lubricants market. Moreover, the rising use and the demand for bio-based and eco-friendly marine lubricants are projected to create the several opportunities in the marine lubricants market over the forecast period.

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Chevron Marine Lubricants received NOLs from MAN Energy Solutions for use of ACOM with Taro cylinder lubricants

In July 2018, Chevron Marine Lubricants have been issued with two NOLs (No Objection Letters) from equipment manufacturer MAN Energy Solutions, for the use of three of its Taro® cylinder oils with their cylinder oil mixing system, ACOM.

GP Global Signed an Agreement to Produce Cepsa's Marine Lubricants in India

In July 2018, GP Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, has today entered into an exclusive partnership with Cepsa, the integrated Spanish oil major, to produce and market Cepsa's marine and power generation lubricants in India. As per the agreement, GP Global will manufacture, blend, package as well as import Cepsa branded lubricant products in India.

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In recent years, India has experienced huge growth in ports modernization and coastal shipping development programs, which further beneficial to the marine lubricants market.

Europe Holds the Maximum Market Share in the Marine Lubricants Market

Europe holds the maximum market share in the marine lubricants market in 2017 and expected to be the dominating region over the forecast period. Presence of major players of the marine lubricants market such as Shell, ExxonMobil, Total S.A. and many others in the Europe region drive the growth of marine lubricants in this region. In addition, the Asia Pacific is the fastest growing region in the marine lubricants market. The rising use of marine for trading activity and developing shipping infrastructure contributes to the growth of marine lubricants market in Asia Pacific region.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global marine lubricants market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marine lubricants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the marine lubricants market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the marine lubricants market to understand the present and future trends in this market and formulate their strategies accordingly.

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