Offshore Lubricants Market Size to Set Phenomenal Growth by 2020

1
Offshore Lubricants Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2020

2
About Us

• Transparency Market Research (TMR) is a market
  intelligence company, providing North America
  business information reports and services. Our
  exclusive blend of quantitative forecasting and
  trends analysis provides forward-looking insight
  for thousands of decision-makers. We have an
  experienced team of Analysts, Researchers, and
  Consultants, who use proprietary data sources and
  various tools and techniques to gather and
  analyze information. Our business offerings
  represent the latest and the most reliable informa
  tion indispensable for businesses to sustain a
  competitive edge.
• Each TMR Syndicated Research report covers a
  different sectorsuch as pharmaceuticals,
  chemical, energy, food beverages,
  semiconductors, med-devices, consumer goods, and
  technology. These reports provide in-depth
  analysis and deep segmentation to possible micro
  levels. With a wider scope and stratified
  research methodology, our syndicated reports
  strive to serve clients and satisfy their overall
  research requirement.

3
Offshore Lubricants Market Overview

• 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 US110.9 mn in 2013.
• Registering a CAGR of 7.07 from 2014 to 2020,
  this market is expected to reach a valuation of
  US183.5 mn by the end of 2020.

Download Brochure
View Report
4
Increase in Investment in Asia Pacific and Latin
American Countries to Boost Growth

• Lubricant is one of the indispensable elements
  required for the smooth and efficient functioning
  of machineries.
• Lubricants perform various functions such as
  reduce wear and tear, remove friction and act as
  coolant.
• Use of appropriate lubricant increases the
  lifespan of a machine. Moreover, lubricants help
  improve the efficiency of a process.
• Lubricants used in offshore rigs and FPSOs are
  expected to perform under extreme conditions.
  Lubricants reduce the maintenance time, thereby
  saving the cost of production. 

5
Offshore Lubricants Market Segmentation

• Engine oil was the dominant application segment
  in the offshore lubricants market in 2013.
• Offshore rigs and FPSOs are located far from the
  land without any connectivity from the grid
  lines.
• These use diesel engines to generate electricity
  and power the machinery onboard.
• There are approximately four to six diesel
  engines on every offshore rig and FPSO.

6
Leading vendors operating in the lubricants
market 

• Royal Dutch Shell plc
• Gulf Oil Marine Limited
• BP plc
• ExxonMobil Corporation
• Chevron Corporation
• Lukoil Oil Company
• Sinopec Limited
• Total S.A.

7
(No Transcript)