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.

Complete report on Marine Lubricants Market spread across 152 pages, profiling 20 companies and supported with 111 tables and 50 figures is now available at
http://www.rnrmarketresearch.com/marine-lubricants-market-by-type-mineral-oil-synthetic-bio-based-and-grease-application-engine-hydraulic-and-compressor-and-region-global-forecast-to-2021-market-report.html
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.

This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (30%); Tier 2 (43%) and others (27%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (43%), Directors Level (30%) and other (27%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (23%), Asia-Pacific (26%), and Row (14%).

Some of the key companies profiled in this report are Total S.A. (France), BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (U.S.), Sinopec Corporation (China), Lukoil (Russia), Exxon Mobil Corporation (U.S.), Idemitsu Kosan Co. Ltd. (Japan), and Aegean Marine Petroleum NetworkInc. (Greece).
Ask for a discount before order a copy of Marine Lubricants Market by Type (Mineral Oil, Synthetic, Bio-Based, and Grease), Application (Engine, Hydraulic, And Compressor), and Region - Global Forecast to 2021 at
http://www.rnrmarketresearch.com/contacts/discount?rname=709789
On a related note, another research titled with Biolubricants Market by Type (Vegetable Oil, Animal Fat), Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents), End Use (Industrial, Commercial Transport, Consumer Automobile) - Global Forecasts to 2021. The biolubricants market size is estimated to reach USD 3.15 billion by 2021 at a CAGR of 6.3% between 2016 and 2021. Now available at http://www.rnrmarketresearch.com/biolubricants-market-by-type-vegetable-oil-animal-fat-application-hydraulic-fluids-metalworking-fluids-chainsaw-oils-mold-release-agents-end-use-industrial-commercial-transport-consumer-automobile-by-region-global-trends-and--market-report.html
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