The global marine lubricants market is anticipated to grow at a CAGR of 1.2% during the forecast period. The rising cost of fuels and the implementation of stringent regulations by the IMO (International Maritime Organization) is likely to increase the consumption of global marine lubricants. Moreover, with augmented fuel prices, shippers are likely to operate engines at […]
Tag Archives: Marine Lubricants Market
Marine Lubricants Market was valued at USD 7.28 billion in 2020 and is expected to grow at a CAGR of 4% between 2021 and 2027. The bio-based lubricant segment is expected to register the highest annual average record during the evaluation period. Bio-based lubricants made from vegetable oils and animal fats are gaining significant traction […]