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Showing posts with the label Marine Lubricant Market Outlook

The global Wood Preservatives Market Growth Accelerated by Increasing Infrastructure Development Projects

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  Wood preservatives are chemicals that are applied to wood in order to protect it from damage caused by insects, molds and fungus. Wood preservatives increase the life of wood which makes it suitable for various outdoor applications such as fencing, decking, landscaping and others. There is growing demand for wood preservatives from infrastructure development sector such as construction of bridges, railways sleepers and others. The global Wood Preservatives Market is estimated to be valued at US$ 1,377.8 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing infrastructure development projects such as construction of roads, bridges and railways in various regions is one of the major factors driving the growth of the wood preservatives market. Wood finds wide application in infrastructure projects as it is a sustainable and affordable material. Ac...

Growth Accelerated by Surging Demand for Cocktail and Mixed Drink Preparation

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  Margarita glasses are specially designed glassware intended for preparation and consumption of margarita cocktails and mixed drinks. The unique salt-rimmed design significantly enhances the flavors of the cocktail, by providing a salted edge to lick between sips. The demand for margarita and specialty cocktails has been surging rapidly in recent years, especially in restaurants, pubs, lounges and bars. The global Margarita Glass Market is estimated to be valued at US$ 648 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing popularity of social gatherings in restaurants and bars and shift in consumer preference towards flavored and specialty alcoholic drinks has been a major driver for the surging demand of premium and unique glassware like margarita glasses in the recent years. The visually appealing and taste-enhancing design of margarit...

The global Marine Lubricant Market Growth is Accelerated by Increased Marine Trade Volumes

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  Marine lubricants are essential for ensuring smooth operation and extending the lifespan of ship engines and machinery parts by reducing friction between moving parts. The major types of marine lubricants include engine oils, hydraulic oils, grease, and other specialized lubricants. Growing international trade and expansion of the shipping industry have accelerated the demand for marine lubricants. The global Marine Lubricant Market is estimated to be valued at US$ 11,185.6 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased marine trade volumes is one of the key drivers fueling growth of the  marine lubricant market . Expansion of the global shipping industry and rise in international seaborne trade have increased demand for marine vessels. According to the United Nations Conference on Trade and Development (UNCTAD), in 2021, the total v...