Europe Marine Lubricants Market Growth Trends by 2024

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Europe Marine Lubricants Market size may exceed
USD 2.6 Bn by 2024 Graphical Research
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Key Insights from Europe Marine Lubricants
Market

• Graphical Research says, Europe Marine Lubricants
  Market to reach USD 2.6bn by 2024
• Increasing seaborne transport and growth of
  suitable infrastructure for regular maritime
  lines should drive marine lubricants market the
  region.
• Strong application outlook from recreational
  boats which forms a part of Europe maritime
  industry should drive product demand.
• Stringent regulatory guidelines from EAL
  (Environmentally Acceptable Lubricants) and
  govt. initiative to incentivize the adoption of
  EAL based lubricants may positively impact
  industry growth.
• Bio based lubricants fall under biodegradable
  category causing less harm to marine life, this
  may serve as major contributing factor towards
  industry growth.

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3

Continued...

• U.K marine lubricant market is anticipated to
  reach USD 190 million by 2024.
• Netherlands marine lubricant market is projected
  to witness gains of over 6.4 by 2024 due to
  growing marine transport owing to bilateral free
  trade agreements with other regions.
• The European commission is currently negotiating
  a new FTA between EU and six trade partners
  including Australia, Chile, Indonesia, Mexico,
  New Zealand, and the Philippines.
• Europe marine lubricant market is moderately
  consolidated. Major industry operator includes
  Aegean Marine Petroleum, Gulf Oil, Idemitsu
  Kosan, Fuchs Petrolub and Petronas Lubricants.

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reserved.


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Browse Full Market Research Report On Europe
Marine Lubricants Market _at_ https//bit.ly/2NMnF7
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_at_ https//bit.ly/2xbqs0V
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