MRRS adds "Marine Lubricants Market by Type , Application, and Region – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.

The market size of marine lubricants is projected to reach USD 6.02 billion by 2021, registering a CAGR of 2.2% between 2016 and 2021.The growth rate is expected to be steady during the forecast period. The market is expected to register a nominal growth due to increase in bilateral trade between different nations. The major factors restraining the growth of the market are less trade activities and rising number of idle ships.
Mineral oil lubricants are available in light and heavy grades depending on the usage and requirement. They are produced in large quantities because of its high demand in different marine applications such as engines, turbines, and stern tubes. The market for mineral oil is driven by demand from Asia-Pacific and Europe. The mineral oil marine lubricants market in North America and Central & South America will register a low growth rate due to the slow economic growth and strict marine laws.
The main function of the lubricating oil is to help in the formation of thick film of oil in between the moving parts of the machinery, which reduces the wear and friction in between the moving parts of engine. There are two types of oils used in the ship/vessel, cylinder oil and system oil. Lesser maintenance cost and longer running time for different vessels are generating huge demand for engine oil across the shipping industry.

Figure And Tables


TABLE 1 MARINE LUBRICANTS MARKET, BY OIL TYPE 37
TABLE 2 MARINE LUBRICANTS MARKET, BY APPLICATION 37
TABLE 3 MARINE LUBRICANTS MARKET, BY SHIP TYPE 38
TABLE 4 BASE STOCK CLASSIFICATION 49
TABLE 5 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2014–2021 (USD MILLION) 50
TABLE 6 MARINE LUBRICANTS MARKET SIZE, BY OIL TYPE, 2014–2021 (KILOTON) 51
TABLE 7 MINERAL OIL MARINE LUBRICANTS MARKET SIZE, BY REGION, 
2014–2021 (USD MILLION) 51
 ...

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