Global Marine Lubricants Market Propelled by Rising Focus on R&D
On one hand, the global marine lubricants market is expected to benefit from the expanding shipping industry. The shipping industry is projected to demonstrate strong growth in the next few years. On the other hand, the rising popularity and utilization of group III and group IV base oils and growing substitution of group I base oil will challenge the growth of the global marine lubricants market. In addition to this, the regulatory pressure is growing on the industry to prevent spillage of lubricants into water bodies. This is projected to drive the demand for bio-based lubricants in the market. Browse the full Global Marine Lubricants Market Report: http://www.mrrse.com/marine-lubricants-market Bio-based lubricants or bio-lubricants are made using biodegradable and non-toxic materials considered as more eco-friendly compared to their synthetic counterparts. The bio-based lubricants sector in the global marine lubricants market is worth millions and is p...