Marine Lubricants Market By Deployment, Capability, Equipment and End User Analysis by 2026

The Global Marine Lubricants Market is valued to reach USD 6.6 Billion by 2023, growing at CAGR of 2.3% from 2020-2026. Rising demand for durable products, increasing trade activities, new shipbuilding abilities, dry-docking activities and growing concerns regarding oceanic pollution caused by improper engine function are set to trigger the market growth.

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A diesel engine demands lubricating oil with diverse properties which involves deep cleaning of engine parts, acid neutralization, heat transfer, anti-corrosion and lubrication properties for a long period of time. In marine sector, the lubricants normally caters to engine areas under periodic maintenance. The quality of marine lubricants stands crucial from the environmental aspect too. For instance, traditional use of synthetic products have enabled manufacturers to emphasize on bio-based lubricants that features in biodegradability, high viscosity and enhanced safety for workers.

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