The offshore lubricant is a substance that reduces friction and wears at the interface of the two materials. It helps in reducing the friction by lowering the shear strength of interface. Lubrication is a process of using materials to improve the smoothness of the movement of one surface over other. A lubricant reduces the wear and friction at the interface of two materials. It helps in reducing the adhesive friction by lowering the shear strength of the interface. Lubricants can be solids, liquids or semi-liquids, and gases, or a combination of solids, liquids, and gases.
Technavio’s analysts forecast the global offshore lubricants market to grow at a CAGR of 3.86% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global offshore lubricants market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • APAC • Europe • North America • ROW
Technavio’s report, Global Offshore Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BP • Chevron • ExxonMobil • Shell • Total
Other prominent vendors • AEGEAN MARINE PETROLEUM NETWORK • FUCHS • GULF OIL • Idemitsu Kosan • JX Nippon Oil & Energy • Klüber Lubrication • LUKOIL • PANOLIN • Petroliam Nasional Berhad • (PETRONAS) • PLUSCO • Quepet Lubricants • RS Clare & Co • Sinopec • Unimarine • BENJN R. VICKERS & SONS
Market driver • Increase in offshore exploration and production investments • For a full, detailed list, view our report
Market challenge • Fluctuation in crude oil prices • For a full, detailed list, view our report
Market trend • Growth of bio-based lubricants • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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