Marine Lubricants Market Analysis-Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research

The global marine lubricant market is expected to reach USD 10.94 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global cargo fleets is expected to remain a key driving factor for the global marine lubricants market. Growth of global shipping industry on account of growing number of voyages is also expected to propel the growth of marine lubricants. Volatile raw material prices and stringent regulatory scenario across various major regions is expected to remain key challenges for market participants.
http://www.grandviewresearch.com/industry-analysis/marine-lubricant-market