Synthetic marine lubricants offer several advantages over conventional lubricants, making them a popular choice in the maritime industry. Synthetic lubricants are manufactured through advanced processes that result in highly refined and engineered products.
One significant advantage of synthetic marine lubricants is their exceptional thermal stability. They can withstand high operating temperatures without breaking down, ensuring consistent performance and reduced risk of equipment failure. Synthetic lubricants also exhibit superior resistance to oxidation, reducing the formation of sludge and deposits within the machinery.
Synthetic lubricants have better viscosity-temperature characteristics, meaning they maintain their viscosity across a wider temperature range. This improves lubrication efficiency, even in extreme hot or cold conditions, resulting in reduced friction and wear.
Additionally, synthetic lubricants often have a longer service life compared to conventional options, leading to extended maintenance intervals and reduced downtime. Their superior film strength and load-carrying capacity contribute to enhanced equipment protection and durability.
While synthetic marine lubricants may have a higher initial cost, their long-term benefits in terms of performance, equipment longevity, and reduced maintenance expenses make them a cost-effective choice for many vessel operators.
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The global Brazil marine lubricant market size is expected to reach USD 15.01 million by 2027 while exhibiting a CAGR of 1.9% between 2020 and 2027.
This is attributable to the growing demand for eco-friendly Brazil marine lubricant products in the forthcoming years.
This information is published by Fortune Business Insights, in its latest report, titled, “Brazil Marine Lubricant Market Size, Share & Industry Analysis, By Product Type (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Other), By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, and Others) Forecast, 2020-2027.” The report mentions that the market stood at USD 14.17 million in 2019 and is likely to gain momentum during the forecast period.High Demand for Lubricant amid COVID-19 to Augment GrowthThe lockdown imposed by Brazil in March 2020 owing to the widespread effects of the global pandemic brought a complete halt to industrial operations.
This led to the economy being stagnant in the country.
However, active efforts by the Government of Brazil to resume operations and every possible support to the Brazil marine lubricant manufacturers are expected to bode well for the market amid the COVID-19 in the near future.DRIVING FACTORSIncreasing Demand for Eco-Friendly Lubricants to Augment GrowthThe stringent government regulations to produce low-sulfur content fuels had led the manufacturers to produce eco-friendly Brazil marine lubricant products.
The bio-based lubricants are derived from polyalkylene glycols, animal fats, synthetic esters, and vegetable oils.
The global Marine Lubricants Market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023.
Increasing demand for emerging alternate technologies (like exhaust gas scrubbers, selective catalytic reduction, and use of low sulphur fuel, among others) are the major driving factors for the marine lubricants market.
Some of the sources involved in the release of lubricants directly into the environment are marine engines, stern tube leakages, and tanker/vessel spills.
Synthetic lubricants help in controlling pollution as they are less toxic and can be released into the environment directly.Compressor oil product type segment to witness the highest CAGR between 2018 and 2023Based on product type, the global marine lubricants market has been segmented into engine oil, hydraulic fluid, compressor oil, and others.
Expanding operations by shipping companies on a global scale and increasing ship sizes are major factors expected to help increase the demand for compressors in the maritime industry.Do Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=246832885BP plc is a key player in the global marine lubricants market.
It has been focusing on developing innovative marine lubricant products.
