Marine Grease Market - Industry Segment and Global Forecast, 2013 - 2019
Marine grease is employed as lubricants in the shipping industry. Animal oil, vegetable oil or crude oil and several other chemicals are used as raw materials for the production of marine grease. Marine grease helps in reducing friction between mechanical components of a ship thus improving the overall efficiency of the ship. Increasing globalization of companies leading to increase in demand for shipping has been a major driver for marine grease market growth. Growing defense budget of countries across the...
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