Press release
Global Offshore Lubricants Market to Exhibit 7.07% CAGR from 2014 to 2020, Rising Exploration of Deepwater Oil Reserves Propels Market
ResearchMoz added Latest Research Report titled " Offshore Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 " to it's Large Report database.Lubricants are essential for the proper functioning of machines. These are used to reduce friction and wear and tear in different operating parts of machines. Lubricants offer different properties such as high viscosity index, high boiling point, corrosion prevention, low freezing point, thermal stability and high resistance to oxidation. Lubricants also remove any residual deposition over mechanical parts, thereby increasing their operating lifespan. Lubricants enable smooth operation of mechanical parts and provide higher efficiency outputs. These are manufactured from base oils. Some additives are used in base oils to attain desired properties. Offshore Lubricants are predominantly manufactured from mineral oils. Synthetic lubricants are being widely used as these are compatible with the environment and offer technical benefits over conventional mineral oil-based lubricants. These lubricant products offer high performance with outstanding engine protection, require less maintenance and have greater operating efficiency. Machines and components require a specific type of lubricant as per the operating need.
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Several machineries or equipment in offshore rigs and FPSOs require lubrication for proper functioning. Heavy equipment used in these units include cranes, diesel engines and hydraulic lifts. Increasing demand for lubricants in these units can be attributed to rise in offshore drilling and production activities.
The offshore lubricants market research study analyzes the global demand for offshore lubricants along with estimates and forecasts for the market in terms of consumption. The report estimates revenue (USD Million) and volume (Kilo Tons) of offshore lubricants by various end-users. The market for offshore lubricants has been segmented based on end-users (offshore rigs and FPSOs) and applications (engine oil, hydraulic oil, gear oil, grease, and others. Market data for all segments has been provided on the regional level for the period from 2013 to 2020. The report also comprises a comprehensive competitive landscape that includes market share analysis of companies. Furthermore, the report analyzes major drivers and restraints for the offshore lubricants market and highlights potential opportunities. Drivers, restraints and opportunities for the market have been provided after in-depth analysis of the oil and gas industry.
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Table of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Market Drivers
3.2.1 Increasing investments in offshore exploration and production activities
3.3 Market Restraint
3.3.1 Environmental regulation prohibiting use of certain lubricants
3.4 Market Opportunities
3.4.1 Abundant deep water and ultra-deep water reserves
3.5 Value chain analysis
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of substitutes
3.6.4 Threat of new entrants
3.6.5 Degree of competition
3.7 Market attractiveness analysis of offshore lubricants market by end-user segment
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