DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Oil & Gas Lubricants Market- Market Analysis by Geography, by Product Type (Greases and Coolants/Anti-Freezers) and by Application (Onshore and Offshore), Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)" report to their offering.
Primary function of lubricants is to reduce friction between moving parts but in general it is also applied to chemicals that act as a coolant or anti-freezer. Exploration and production activities in Oil & Gas sector involves heavy machinery which require lubrication from time to time.
Much of the E&P is done in offshore, where harsh conditions (high saline content and extreme temperature and pressures) pose a severe risk to the equipment. Moreover, twenty five percent of worlds oil & gas reserves are in deep waters where temperature at the seabed are sub-zero and have a tremendous amount of pressure. Anti-freezers are used in this context so that extracted oil or gas don't solidify and block the pipeline.
With increase in demand for energy and petrochemicals coupled with penetration of oil & gas exploration activities into deep waters are driving the lubrication market for oil & gas sector. Burgeoning shale business in North America also played an important role in spurring this market. However, falling crude oil prices has resulted in significant decrease of oil rigs throughout the world.
1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Market Overview
5. Drivers, Constraints and Opportunities
6. Oil & Gas Lubricants Industry Value Chain Analysis
7. Porters Five Force Analysis
8. Global Oil & Gas Lubricants Market Segmentation, by Type
9. Global Oil & Gas Lubricants Market Segmentation, by Application
10. Global Oil & Gas Lubricants Market Segmentation, by Geography
11. Key Company Analysis
12. Competitive Landscape
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