Turkey marine lubricants market is expected to reach substantial CAGR in the forecast period of 2020 to 2027. The market report contains data for the historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027
Market Segmentation
By Type (Greases, Marine Diesel Engines, Cylinder Oils, System Oils, Hydraulic Oils, Gear Oils, Compressor Oils, Bearing and Circulating Oils, Turbine Oils, Transmission Oils, Heat Transfer Fluids, Engine Oils and Others), Raw Material (Base Oil and Bio-Based Oil), Application (Compressor Systems, Circulation Systems, Gear Systems, Hydraulic Systems, Turbines and Others), End-User (Ships, Boats, Offshore Civil Structures, Deep Sea, Coastal Yachts, Containers, Oil Tankers, Bulk Carriers, Cargo Ships, Cruise Liners and Others)
The major factors contributing to the growth of the market are:
- Growing shipbuilding industry in turkey
- Stringent environmental laws fueling the demand for bio-based marine lubricants
Key Market Players
The key market players for Turkey marine lubricants market are listed below:
- FUCHS
- Petrol Ofisi
- Gulf Oil Marine Ltd.
- PETROYAG
- REKSOIL LUBRICANTS
- BELGIN
- Royal Dutch Shell
- Total Group
- Rock Oil
- DEW
- Chevron Corporation
- Exxon Mobil Corporation
- BP p.l.c.
- LUKOIL
- Gazprom Neft PJSC.