Each ship that uses synthetic lubricants reduces the demand for lubricants, which reduces the overall demand for lubricants. The use of mineral oil as a lubricant also results in high VOC emissions, which are extremely harmful to the environment. Environmentally friendly lubricants include synthetic and bio-based lubricants. Though the prices of synthetic lubricants are still higher than those of mineral oil-based lubricants, the growth of synthetic lubricants and bio-based lubricants will force the phase-out of mineral oil-based lubricants in the future. This will have an effect on lubricant consumption, eventually reducing the volume of Marine Lubricants used per ship. Read More- https://www.coherentmarketinsights.com/market-insight/marine-lubricant-market-481
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