Marine grease is a semi-solid material, commonly used to increase the output efficiency of the engine, equipment, and other components by reducing the friction between the revolving mechanical parts. It is extensively used in the maritime industry due to its high working proficiency in high-temperature and high-pressure conditions.
Technavio’s analysts forecast the global marine grease market to grow at a CAGR of 4.53% during the period 2018-2022.
Covered in this report The report covers the present scenario and the growth prospects of the global marine grease market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Marine Grease Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BP • Chevron • Exxon Mobil • Gulf Oil Marine • Royal Dutch Shell • Total
Market driver • Growth of the shipbuilding industry • For a full, detailed list, view our report
Market challenge • Volatility in the price of raw materials • For a full, detailed list, view our report
Market trend • Regulations on emission levels • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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