The report `Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container), and Region - Global Forecast to 2023`, The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023. IMO 2020 mandates the use of marine fuels with sulfur levels lower than 0.5% to check greenhouse gas emissions. This has halted the operation of many shipping vessels that do not comply with the emission standards. Industry players are integrating advanced technologies like scrubber...
|
