Transparency Market Research has released a new market report titled “Offshore Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” The report defines and segments the global offshore lubricants market, and analyzes and forecasts the global revenues. According to the report, the global offshore lubricants market was valued at USD 110.86 million in 2013 and is likely to reach USD 183.50 million by 2020, growing at a CAGR of 7.07% from 2014 to 2020.
Key end-user segments analyzed in the study include offshore rigs and FPSOs (Floating Production Storage and Offloading). In terms of revenue, offshore rigs was the largest segment in 2013 and accounted for more than 70% of the market. There are various types of offshore rigs such as jack-up rigs, submersible rigs, semi-submersible rigs and drillships. Each offshore rig operates at a certain depth. Some offshore rigs are equipped with dynamic positioning systems and propulsion systems. The pro
