Chemical & Materials Trending Marine Lubricants Market | Page 4

Industry Insights
❖Based on oil type, the global marine lubricants market has been segmented into mineral oil,
synthetic, bio-based, and grease.
❖The synthetic segment is projected to grow at the highest CAGR during the forecast period due to
the growing demand for highly efficient, durable, and environmentally friendly products.
❖Based on product type, the global marine lubricants market has been segmented into engine oil,
hydraulic fluid, compressor oil, and others.
❖The compressor oil segment is projected to grow at the highest CAGR during the forecast period
due to the rising demand from refrigeration and air compressors in the currently plying large
ships.
❖Based on ship type, the global marine lubricants market has been segmented into bulk carrier,
tanker, container ship, and others. The bulk carrier and tanker segments together accounted for
the major share of the marine lubricants market in 2017, in terms of consumption, due to their
huge numbers.
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