Marine Lubricant Market, By Product Type (Mineral Lubricants, Synthetic Lubricants, and Bio Lubricants), By Application (Engine Oils, Hydraulic Oils, Grease, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI481

Pages :170

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market News

Recent Developments:

In March 2022, Shell plc, formerly known as Royal Dutch Shell plc, is a British multinational oil and gas company headquartered in London, U.K. The company operates as an integrated oil and gas company, with a primary listing on the London Stock Exchange (LSE) and a significant global presence. Shell plc signed an agreement to acquire the Environmentally Considerate Lubricants) business of PANOLIN, a Switzerland-based lubricant manufacturer. The acquisition includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise, and technology. The global market for ECLs is expected to grow significantly over the coming years, and the acquisition is expected to strengthen Shell's presence in the mining, construction, agriculture, renewable power, hydropower, and offshore wind sectors.
In August 2021, Wilhelmsen Holding ASA (a multinational maritime group) entered into a partnership with Klüber Lubrication (a U.S.-based lubricant manufacturer). Wilh. Wilhelmsen Holding ASA is a Norwegian multinational maritime group, headquartered in Lysaker, Norway. The company operates as a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA Under the partnership Wilhelmsen will exclusively sell and distribute Kluber’s maritime lubricant range.