Marine Lubricants Market is Expected to Reach USD 4.73 Billion by 2022 – Turkey Industry Analysis, Growth, Trends and Forecast 2014 – 2022

ResearchMoz added Latest Research Report titled ” Marine Lubricants Market by Product (Mineral, Synthetic, Bio), by Application (Engine Oil, Hydraulic Oil, Grease, etc.) – Turkey Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022 ” to it’s Large Report database.

Lubricants play a vital role in reducing friction between, and wear and tear of operating parts in different machines. Sometimes, movement of certain mechanical parts is possible only by the use of lubricants. This property to reduce friction is known as lubricity. A good lubricant is expected to possess different properties, namely high boiling point, high viscosity index, corrosion prevention ability, thermal stability, low freezing point and high resistivity to oxidation. Lubricants are known to increase operational life of mechanical parts, thereby providing higher efficiency output. Lubricants are employed for the smooth operation of mechanical parts and to remove residue deposited over them.

Basic raw materials utilized in manufacturing marine lubricants comprise mineral oils, synthetic oils or bio- based lubricants. Refinement of petroleum or crude oil leads to the production of mineral oil while synthetic oils are obtained from polyalphaolefins, which are hydrocarbon-based polyglycols. Group I plants are capable of producing heavier grade oils such as bright stock. Feedstock utilized in manufacturing marine lubricants consists of bright stock oil.

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Bright stock oils are used to formulate different types of industrial and marine lubricants. Bio-lubricants are based on biodegradable and renewable feedstock. They are manufactured using bio-based materials such as palm oil, castor oil and other vegetable- and animal-derived oils. Marine lubricants mainly comprise of 90% base oils and 10% additives.

This research study analyzes the marine lubricants market in Turkey in terms of volume and revenue. The market has been segmented on the basis of product and application. For the research, the base year is 2013, while the forecast is for the period 2014–2022. Market data for all segments has been provided for the period 2013–2022. The report provides a comprehensive competitive landscape and features companies engaged in the marine lubricants business in Turkey. This report includes the key market dynamics affecting the demand for marine lubricants in Turkey. The report also provides a detailed industry analysis of the marine lubricants market in Turkey with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the marine lubricants market in Turkey. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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Table of Content

CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 TURKEY MARINE LUBRICANT MARKET – INDUSTRY ANALYSIS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.2.1 TURKEY’S DEVELOPING ENVIRONMENTAL LEGISLATION PROMOTES USE OF CLEAN MARINE LUBRICANTS
3.2.2 RISING DEMAND FOR LUBRICANTS FROM SHIPPING COMPANIES OPERATING IN TURKISH STRAITS
3.3 MARKET RESTRAINTS
3.3.1 GRADUAL SHRINKING PRODUCTION OF GROUP I BASE OILS
3.4 MARKET OPPORTUNITIES
3.4.1 EUROPEAN STANDARDS TO ATTRACT INVESTMENTS IN BIO-BASED LUBRICANTS MARKET
3.5 VALUE CHAIN ANALYSIS
3.6 PORTER’S FIVE FORCES ANALYSIS
3.6.1 BARGAINING POWER OF SUPPLIERS
3.6.2 BARGAINING POWER OF BUYERS
3.6.3 THREAT OF SUBSTITUTES
3.6.4 THREAT OF NEW ENTRANTS
3.6.5 DEGREE OF COMPETITION

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