Marine lubricants market's revenue is set to grow at a CAGR of 6.13% during the forecast period, eventually reaching a value of US$9.36 billion by the end of 2018. Europe is the largest consumer of marine lubricants owing to a prosperous marine trade network. The U.K., Germany, France, Spain, Italy, Turkey, and the Netherlands are the major consumers within the European marine lubricants market. A readily observable pattern is that all these countries have easy access to either the Atlantic Ocean or the Mediterranean Sea (both in some cases), and both are busy shipping routes. The importance of the Mediterranean Sea to the global marine lubricants market…
