Lucintel Forecasts The Global Offshore Lubricant Market To Grow With A Cagr Of 3.5% From 2025 To 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global offshore lubricant market looks promising with opportunities in the offshore rig, FPSOs, and OSVs markets. The global offshore lubricant market is expected to grow with a CAGR of 3.5% from 2025 to 2031. The major drivers for this market are rising demand for offshore oil & gas exploration, the growing adoption of advanced lubricants for energy efficiency, and the increasing focus on environmental sustainability.
A more than 150-page report to understand trends, opportunity and forecast in global offshore lubricant market to 2031 by type (engine oil, hydraulic oil, gear oil, and grease), application (offshore rigs, FPSOs, and OSVs), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, engine oil is expected to witness the highest growth over the forecast period.
Within the application category, offshore rig is expected to witness the highest growth.
In terms of region, APAC is expected to witness the highest growth over the forecast period.
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Royal Dutch Shell, Chevron, ExxonMobil, Castrol, Total, British Petroleum, Sinopec, Idemitsu Kosan, JX Nippon Oil & Energy, Lukoil are the major suppliers in the offshore lubricant market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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