Global Offshore Lubricants Market 2015 is to grow at a CAGR of 5.5% by 2022 : Industry Research Report

Offshore Lubricants - Global Market Outlook (2015-2022)

Global Offshore Lubricants Market accounted for $300 million in 2015 and is expected to reach $436.8 million by 2022 growing at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. The market is estimated to have a significant growth rate due to huge gas and oil production and deep sea exploration projects. Stringent regulations regarding threat to aquatic life due to unregulated disposal of marine lubricants and petrochemicals have led industry participants to build up bio-based alternatives. Regulatory agencies such as the US Environmental Protection Agency, BEACH (Beaches Environmental Assessment and Coastal Health) and ECHA (The European Chemicals Agency) constantly set up environmental policies related to their usage. Technological developments have led to the production of biological offshore lubricants with efficient performance machines and environmental protection.

Request For Report Sample Here: http://goo.gl/H2TeWC

Engine oil was the leading application segment with a share around 72% in 2015. Grease is estimated to register the highest growth rate owing to growing consumption in offshore machinery and oil & gas equipment. Offshore Support Vessels (OSVs) were the leading end-user segment holding a share of more than 50% of total volume in 2015 due to increasing deepwater exploration. Floating Production, Storage and Offloading (FPSOs) are estimated to have highest CAGR owing to their rising adoption for deepwater exploration and production. Asia Pacific is the largest consumer accounting for more than 25% of the global market in 2015. Growing offshore oil & gas production along Gulf of Mexico is estimated to drive growth in North American region.

Some of the key players in the global offshore lubricants market include Total S.A., Chevron Corporation, Idemitsu Kosan Co., Ltd, Quepet Lubricants, Sinopec Limited, Exxon Mobil Corporation, Royal Dutch Shell Plc, Gulf Oil Marine Limited, JX Nippon Oil & Energy Corp., British Petroleum, Lukoil Oil Company, and Castrol.

Do Inquiry About This Report Here: http://goo.gl/jQ8OTq

End-Users Covered:
• FPSOs (Floating, Production, Storage & Offloading Vessels)
• Offshore Rigs
• OSVs (Offshore Support Vessels)

Applications Covered:
• Compressor oil
• Engine Oil
• Gear Oil
• Grease
• Hydraulic Oil
• Turbine oil
• Others

Regions Covered:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o UK
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia
• Rest of the World
o Latin America
o Middle East
o Africa
o Others

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

About Tech Report Store

Tech Report Store, we have market research reports from competent publishers. Our Research Specialists have thorough knowledge about offerings from different publishers and different reports on respective industries. They will help you refine search parameters and get desired results at your doorstep. Here you can review the complete range of available reports, review the scope of study and methodology of reports. Apart from the published market research reports, we also provide customized study on any topic to meet the varied requirements of our clients.

Contact us:

3422 SW 15 Street, Suit #8138,
Deerfield Beach,Florida 33442, USA
Tel: +1-386-310-3803
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

This release was published on openPR.