openPR Logo
Press release

Global Offshore Lubricants Market to Exhibit 7.07% CAGR from 2014 to 2020, Rising Exploration of Deepwater Oil Reserves Propels Market

08-03-2018 04:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Global Offshore Lubricants Market to Exhibit 7.07% CAGR from

Transparency Market Research has published a new market study on the global offshore lubricants market that delves into the developments in this market from 2014 to 2020. The report provides a detailed overview of trends, opportunities, and product innovation that will mark the growth of this market during the forecast period. According to the report, the global offshore lubricants market stood at US$110.9 mn in 2013. Registering a CAGR of 7.07% from 2014 to 2020, this market is expected to reach a valuation of US$183.5 mn by the end of 2020. The title of this report is “Offshore Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”

View Report Preview:
https://www.transparencymarketresearch.com/offshore-lubricants-market.html

Lubricants are used to ensure proper functioning of various machines. They are used to reduce wear and tear and friction in the functional components of machines. Lubricants impart properties such as high viscosity index, prevention against corrosion, thermal stability, high boiling point, low freezing pint, and high resistance to oxidation.

Increasing investments in offshore oil and gas explorations, which includes shale gas exploration as well, are the major factor driving the global offshore lubricants market until the end of the forecast period. Moreover, large-scale governmental undertakings for the development of deepwater and ultra-deepwater oil and gas wells will open tremendous opportunities for companies involved in the offshore lubricants market. However, environmental concerns associated with the use of certain lubricants will restrain the market’s growth.

By end use, the report segments the global offshore lubricants market into offshore rigs and floating production storage and offloading (FPSO). In 2013, offshore rigs held a revenue share of more than 70% in the global market. Nevertheless, in the 2014-2020 period, FPSO will display faster growth in the overall market.

The research report segments the global market into the application segments of gear oil, engine oil, grease, hydraulic oil, and others (circulating oil, compressor oil, and turbine oil). Of all, in 2013, engine oil led the market and accounted for a share of more than 60% in the global market. The report segments this market into the regional segments of Asia Pacific, the Middle East, North America, Europe, and Rest of the World. The regional segment of the Rest of the World dominated the market in 2013; the region held a revenue share of more than 28% in the global offshore lubricants market. Increasing investments in large-scale projects for the development of offshore reserves in Brazil and West Africa are the reason for this.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3141

Key players in the global offshore lubricants market are Royal Dutch Shell plc, Gulf Oil Marine Limited, BP plc, ExxonMobil Corporation, Chevron Corporation, Lukoil Oil Company, Sinopec Limited, and Total S.A. The report also includes a snapshot of business expansion strategies of top players aimed at maintaining their competitive positions in the overall market. For instance, In February 2014, Total S.A. announced plans for expansion of its operations in the Mediterranean region. In December 2013, ExxonMobil finalized plans for the development of a new unit in Singapore with a production capacity of 62,000 barrels per day.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Offshore Lubricants Market to Exhibit 7.07% CAGR from 2014 to 2020, Rising Exploration of Deepwater Oil Reserves Propels Market here

News-ID: 1162153 • Views: 461

More Releases from Transparency Market Research

Pre-Printed Paper Rolls Market Demand Analysis and Projected huge Growth by 2027
Pre-printed paper rolls can be a powerful marketing tool for any business. In addition to these pre-printed paper rolls can be used for several applications such as labels, tapes, QR codes, etc. Pre-printed paper rolls are cost-effective and form a brand impression on consumers. Pre-printed paper rolls can be printed in many colors. They are colorful and appealing and are not like ordinary papers. For More Detailed Analysis, Request PDF
Duffle Top Bulk Bags Market Generates Huge Revenue Till 2027- Study By Key Playe …
Duffle top bulk bags made from plastic last long and are highly durable. Duffle top bulk bags are flexible and are strong to carry heavy loads. They have lift straps fixed at the top of the bag, which helps in handling and movement of duffle top bulk bags. Duffle top bulk bags can be of various types, which include opening from the bottom or opening from top. They are lightweight
Multi-Dose Packaging System Market Demand & Future Scope Including Top Players
Medicinal wastage and error in taking proper medication lead to need for multi-dose packaging system. Multi-dose packaging system has various benefits, which includes assisting patients with complicated prescription routines and the ability to enhance patient safety. It provides high-quality, smart packaging and also provides convenience to the patients. Multi-dose packaging system provides consumers with product protection, quality, and patient comfort. It has normal handling, and the formulation present in the
Cargo Belt Market 2020 Growth Rate, Developments in Major Areas, Market Size, Dy …
Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Request PDF Sample For

All 5 Releases


More Releases for Lubricants

Slideway Oils/Lubricants Market Trend Analysis | Lubricants NZ LTD, CONDAT , Roc …
Introduction: The smooth and efficient functioning of industrial machines has led the manufacturers to opt for preventive maintenance measures to reduce operational costs as opposed to breakdown maintenance. Slideway oils/lubricants possess properties such as adhesion, anti-wear, and anti-slip. Slideway oils/lubricants are also expected to be resistant to foaming, corrosion, rusting, and oxidation. Since slideway oils/lubricants come in direct contact with industrial, processing, and metal working fluids, they should be readily demulsified
Polyolesters Biobased Lubricants Lubricant Additives Market 2023
Global Polyolesters for Bio-based Lubricants and Lubricant Additives Market: Overview Polyolester lubricants (POE) are lubricant oils that used in a wide range of application as they can work under varying temperatures, which range anywhere between -75 F to 600 F. The remarkable adaptability of these lubricants, high solvency and dispersibility, good oxidative stability, and low volatility are expected to make a significant contribution to the soaring revenue of the global polyolesters
Slideway Oils/Lubricants Market Growth, Trend 2028 - Morris Lubricants,CONDAT
Introduction: The smooth and efficient functioning of industrial machines has led the manufacturers to opt for preventive maintenance measures to reduce operational costs as opposed to breakdown maintenance. Slideway oils/lubricants possess properties such as adhesion, anti-wear, and anti-slip. Slideway oils/lubricants are also expected to be resistant to foaming, corrosion, rusting, and oxidation. Since slideway oils/lubricants come in direct contact with industrial, processing, and metal working fluids, they should be readily demulsified
Heavy Duty Motor Oil : Lukoil, JX Holdings, Sinopec, CNPC, Gulf Oil Marine, Quep …
In this report, the global Heavy Duty Motor Oil market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Heavy Duty Motor Oil in these regions, from 2013
Die Casting Lubricants Market
Technological advancements have led to the development of highly engineered die lubricants that can be tailored to enhance the die-casting process, allowing them to gain additional efficiency. The market is expected to grow at a CAGR of 9.50% and touch USD 1.45 billion by the end of the forecast period. Die lubricants provide their effectiveness where they can be engineered to optimize wetting and spreading times, promote metal flow, quickly
Global Aviation Lubricants Market Research Report 2017- Total Lubricants, ExxonM …
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Aviation Lubricants in these regions, from 2012 to 2022 (forecast), covering North America Europe China Japan Southeast Asia India Global Aviation Lubricants market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Shell Total Lubricants ExxonMobil Chemours Eastman ... On the basis of product, this report displays the production, revenue, price, market share