According
to a recent market research report published by Transparency Market
Research, the global offshore lubricants market is poised to grow at
a remarkable pace due to the increasing oil exploration activities
answers questions pertaining to the strengths, weaknesses,
opportunities, and threats faced by this market.
In-depth
research report on Offshore Lubricants Market with Full TOC at :
http://www.transparencymarketresearch.com/offshore-lubricants-market.html
According
to the market research report, the global offshore lubricants market
was valued at US$110.8 mn in 2013 and is expected to reach US$183.5
mn by the end of 2020, growing at an impressive CAGR of 7.07% from
2014 to 2020.The global offshore lubricants market has been thriving
on the increasing amount of investment in offshore production and
exploration activities. This market is also receiving an impetus from
ongoing developments in deepwater and ultra-deepwater reserves. The
only drawback for the global offshore lubricants market is the
restriction on the usage of certain lubricants due to environmental
reasons.
The
global offshore lubricants market is segmented on the basis of end
user, application, and geography. End users of offshore lubricants
are offshore rigs and FPSO. The application of these lubricants is
seen in hydraulic oil, engine oil, gear oil, grease, and others such
as compressor oil, turbine oil, and circulating oil. Geographically,
this market is segmented into Asia Pacific, the Middle East, North
America, Europe, and Rest of the World.
Out
of all the applications, the engine oil segment held the leading
position in 2013, accounting for over 60 % of the total market.
Amongst the end users, the offshore rigs segment led the global
offshore lubricants market, contributing more than 70% of the total
revenue earned by the overall market. In the coming five years, the
FPSO segment is likely to grow at a fast pace due to growing
investments in this segment. According to research analysts, Rest of
the World dominated the global offshore lubricants market in 2013
with a market share of 28%. This position is mainly attributable to
the growing investment in ultra-deepwater and deepwater oil reserves
in regions such as Brazil and West Africa.
For
further inquiries, click here :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3141
Some
of the important players studied in this report are Royal Dutch Shell
plc, Gulf Oil Marine Limited, Chevron Corporation, BP plc, ExxonMobil
Corporation, Sinopec Limited, Lukoil Oil Company, and Total S.A. Most
of these players are constantly trying to improve their logistics as
even a minor delay can bring the operations to a halt, which can
translate into a huge loss in terms of finances and time.
The
report offers a valuable insight into the competitive landscape of
the global offshore lubricants market. Furthermore, it also gives
details about the financial outlook of the major companies, their
investment plans, research and development activities, and an outlook
for the future.
The
global offshore lubricants market is segmented in the following ways:
Offshore
Lubricants Market: End User Segment Analysis
- Offshore rigs
- FPSO
Offshore
Lubricants Market: Application Segment Analysis
- Engine oil
- Hydraulic oil
- Gear oil
- Grease
- Others (turbine oil, compressor oil, circulating oil, etc.)
Offshore
Lubricants Market: Regional Analysis
- North America
- Europe
- Middle East
- Asia Pacific
- RoW (Rest of the World)
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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Us
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