Market research Future Offshore Lubricants Market Report 2018. | Page 3

Offshore lubricant market Research Report- Forecast to 2023
2 Market Overview: -
Global Offshore lubricants market has been segmented based on application, end-use, and region. Engine
oil segment by application currently holds the largest share and is expected to hold its dominance in the
offshore lubricants market during the forecast period. Engine oils are widely used in vessel engines, boat
engines, and container engines. Engine oils play a crucial role in assisting engines to ideal efficiency in
their output. These oils are used for speed and stoke cycle of the engines. Engine oils prevent engines from
rust, wear and tear. Growing maritime activities across the globe are expected to drive engine oils demand
over the forecast period. Whereas, the OSVs by end-use held the largest market share in 2016; expected to
hold the largest share during the forecast period. OSVs are largely used as support systems for offshore
drilling and production sectors. The increase in OSV utilization due to rising deepwater reserves
exploration, and production, will lead to better maintenance, resulting in higher demand for lubricants such
as engine oils, compressor oils, transmission oils, gear oils and hydraulic fluids.
Scope of the Report
This study provides an overview of the global offshore lubricants market, tracking two market segments
across four geographic regions. The report studies key players, providing a five-year annual trend analysis
that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest
of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the offshore lubricants market by its application,
by end-use and by region.














By Application
Engine Oil
Hydraulic oil
Gear oil
Grease
By End-Use
Offshore rigs
FPSO (Floating, Production, Storage and Offloading Vessels)
OSVs (Offshore Support Vehicles)
By Regions
North America
Asia Pacific
Europe
Rest of the World
Page | 3
Copyright © 2018 Market Research Future.