The global offshore lubricants market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for offshore drilling and production activities in emerging economies such as China and India, which are witnessing rapid economic growth and industrialization. The increasing number of offshore rigs in these countries will lead to an increase in demand for lubricants, thereby driving the growth of this market over the next few years. The engine oil segment accounted for the largest share of this market in 2017, followed by gear oil and grease segments respectively. The engine oil segment is expected to continue its dominance throughout the forecast period due to its wide application across various industries such as automotive, marine transportation, power generation etc, which will drive its demand over time.
Some Of The Growth Factors Of This Market:
- Increasing investments in renewable energy sources such as solar and wind power are also driving the demand for offshore lubricants due to their high maintenance costs associated with these technologies.
- The increasing number of accidents involving ships has led many countries around the world including Canada, Norway, Russia and Brazil among others, to invest heavily in safety equipment such as lifeboats that require regular maintenance which will drive up demand for offshore lubricants over time 5) Increasing environmental regulations on ship emissions have also led many countries around the world including Canada, Norway, Russia and Brazil among others, to invest heavily in safety equipment such as scrubbers that require regular maintenance which will drive up demand for offshore lubricants over time.
Industry Growth Insights published a new data on “Offshore Lubricants Market”. The research report is titled “Offshore Lubricants Market research by Types (Engine oil, Gear oil, Grease), By Applications (Offshore support vessel (OSV), Offshore rigs, Floating production storage and offloading (FPSO)), By Players/Companies Royal Dutch Shell, Chevron, ExxonMobil, Castrol, Total, British Petroleum, Sinopec, Idemitsu Kosan, JX Nippon Oil & Energy Corp, Lukoil, Shell, GULF”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Lubricants Market Research Report
By Type
Engine oil, Gear oil, Grease
By Application
Offshore support vessel (OSV), Offshore rigs, Floating production storage and offloading (FPSO)
By Companies
Royal Dutch Shell, Chevron, ExxonMobil, Castrol, Total, British Petroleum, Sinopec, Idemitsu Kosan, JX Nippon Oil & Energy Corp, Lukoil, Shell, GULF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Lubricants Market Report Segments:
The global Offshore Lubricants market is segmented on the basis of:
Types
Engine oil, Gear oil, Grease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore support vessel (OSV), Offshore rigs, Floating production storage and offloading (FPSO)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell
- Chevron
- ExxonMobil
- Castrol
- Total
- British Petroleum
- Sinopec
- Idemitsu Kosan
- JX Nippon Oil & Energy Corp
- Lukoil
- Shell
- GULF
Highlights of The Offshore Lubricants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine oil
- Gear oil
- Grease
- By Application:
- Offshore support vessel (OSV)
- Offshore rigs
- Floating production storage and offloading (FPSO)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Offshore lubricants are lubricants that are used in offshore oil and gas production. They are specifically designed to resist fouling and corrosion, which is why they're often used in offshore environments.
Some of the major companies in the offshore lubricants market are Royal Dutch Shell, Chevron, ExxonMobil, Castrol, Total, British Petroleum, Sinopec, Idemitsu Kosan, JX Nippon Oil & Energy Corp, Lukoil, Shell, GULF.
The offshore lubricants market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Lubricants Market - Supply Chain
4.5. Global Offshore Lubricants Market Forecast
4.5.1. Offshore Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Lubricants Market Absolute $ Opportunity
5. Global Offshore Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Lubricants Market Size and Volume Forecast by Type
5.3.1. Engine oil
5.3.2. Gear oil
5.3.3. Grease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Lubricants Market Size and Volume Forecast by Application
6.3.1. Offshore support vessel (OSV)
6.3.2. Offshore rigs
6.3.3. Floating production storage and offloading (FPSO)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Lubricants Demand Share Forecast, 2019-2026
9. North America Offshore Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Lubricants Market Size and Volume Forecast by Application
9.4.1. Offshore support vessel (OSV)
9.4.2. Offshore rigs
9.4.3. Floating production storage and offloading (FPSO)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Lubricants Market Size and Volume Forecast by Type
9.7.1. Engine oil
9.7.2. Gear oil
9.7.3. Grease
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Lubricants Demand Share Forecast, 2019-2026
10. Latin America Offshore Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Lubricants Market Size and Volume Forecast by Application
10.4.1. Offshore support vessel (OSV)
10.4.2. Offshore rigs
10.4.3. Floating production storage and offloading (FPSO)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Lubricants Market Size and Volume Forecast by Type
10.7.1. Engine oil
10.7.2. Gear oil
10.7.3. Grease
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Lubricants Demand Share Forecast, 2019-2026
11. Europe Offshore Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Lubricants Market Size and Volume Forecast by Application
11.4.1. Offshore support vessel (OSV)
11.4.2. Offshore rigs
11.4.3. Floating production storage and offloading (FPSO)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Lubricants Market Size and Volume Forecast by Type
11.7.1. Engine oil
11.7.2. Gear oil
11.7.3. Grease
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Lubricants Demand Share, 2019-2026
12. Asia Pacific Offshore Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Lubricants Market Size and Volume Forecast by Application
12.4.1. Offshore support vessel (OSV)
12.4.2. Offshore rigs
12.4.3. Floating production storage and offloading (FPSO)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Lubricants Market Size and Volume Forecast by Type
12.7.1. Engine oil
12.7.2. Gear oil
12.7.3. Grease
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Lubricants Demand Share, 2019-2026
13. Middle East & Africa Offshore Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Lubricants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Lubricants Market Size and Volume Forecast by Application
13.4.1. Offshore support vessel (OSV)
13.4.2. Offshore rigs
13.4.3. Floating production storage and offloading (FPSO)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Lubricants Market Size and Volume Forecast by Type
13.7.1. Engine oil
13.7.2. Gear oil
13.7.3. Grease
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Lubricants Market: Market Share Analysis
14.2. Offshore Lubricants Distributors and Customers
14.3. Offshore Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Royal Dutch Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chevron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ExxonMobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Castrol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. British Petroleum
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Idemitsu Kosan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JX Nippon Oil & Energy Corp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lukoil
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GULF
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook