Marine Lubricant Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018–2025
Marine lubricants are lubricants obtained from the processing of crude oil, used in various marine ship applications such as engines, hydraulics, and compressors. These lubricants help maintain low temperatures by dissipating the heat produced from friction. Lubricants are derived from animal, vegetable, or mineral sources and are used for facilitating various functions such as extracting contaminants, preventing wear and tear in all forms, ensuring good bearing operation, completing gas sealing at piston ring level, preventing corrosion, and reducing friction. Marine lubricants are mainly used in seashore countries and find extensive application in shipping and oil & gas industries. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/481 The engine segment accounts for a sizeable share of the market due to its large application area, and high consumption and requirement of large amounts of lubricants. On the other hand, growing demand for heat transfer fluids, gears, and turbines are also expected to drive market growth over the forecast period. Marine lubricants are vital for greater resistance to rust, lower viscosity loss, and greater anti-wear capacity of an engine Choice of marine lubricant is largely dependent on machine, application, operating condition, and environment. Mineral oil is better soluble with additives and offers enhanced compatibility with seal at low costs. The demand for mineral oil is thus highest in comparison to other lubricants. Synthetic lubricators are used in extreme environmental conditions and are relatively more expensive than mineral oil. Bio-based oils are degradable and thus meet the increased environmental safety requirement, this has caused bio-based oils to gain more traction over other lubricants. Lubricants are available in various viscosities for different equipment function. The Ship loading capacities are also considered when selecting marine lubricants.