Title: Europe Marine Lubricants Market Growth Trends by 2024
1 Europe Marine Lubricants Market size may exceed
USD 2.6 Bn by 2024 Graphical Research
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2 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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reserved.
www.graphicalresearch.com
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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Marine Lubricants Market _at_ https//bit.ly/2NMnF7
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