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Showing posts with the label Marine Lubricants Industry

Marine Lubricants Market Perspective and Comprehensive Analysis 2025

Growing concerns regarding oceanic pollution caused by improper engine function and subsequent demand for fuel-efficient engines are estimated to trigger the growth of the market. The Global Marine Lubricants Market size is expected to reach USD 9.32 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Marine lubricants are widely utilized in the shipping industry to help protect engines and equipment as well as enhance efficiency. These are essential high performance additives for engines, especially designed to enable optimal performance in marine operations. Growth in international trade, removal of trade barriers being the principal reason, is encouraging developing countries to concentrate more on improvement of their infrastructure, such as roads, airports, and seaports, which play a vital role in the development of the economy. Product storage, along with capacity to move large shipments, has place...