Global Oil & Gas Lubricants Market Analysis & Forecast 2018-2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Oil & Gas Lubricants Market – Growth, Trends, and Forecast (2018 – 2023)"
report has been added to ResearchAndMarkets.com's
offering.

By 2040, the global demand for energy is expected to increase by 28%
from the 2015 level. Despite the increasing share of renewables in the
primary energy mix, oil & gas is expected to cater approximately half
the increased demand. Despite concerns hovering around the oil prices,
the uptake of more upstream, midstream, and downstream based projects is
necessary to meet up with the increased demand, resulting in increased
usage of mechanical equipment.

With fewer remaining easy-to-access oilfields and maturing production
from existing basins, in both onshore and shallow-water, development of
deep-water reserves has become increasingly vital. Moreover,
advancements in technology have made deepwater drilling safer and
economically viable. With the rebound of oil & gas prices to a
sustainable level from witnessing a record low in January 2016, the
uptake of offshore oil & gas projects is expected to witness a
significant increase during the forecast period.

The GOM production in 2016 set an annual high of 1.6 million barrels per
day (b/d), surpassing the previous record established in 2009, by 44,000
b/d. Market conditions are improving significantly amid rising oil
prices, coupled with the support of a new and favorable administration
with pro-energy policies that understand the strategic importance of a
healthy oil & gas industry, exploration and production activities are
expected to further increase in the United States.

Companies Mentioned

• China LD Slewing Bearings Manufacturing Co Ltd
• Xibei Bearing Co. Ltd
• TMB
• NSK Ltd
• DYZV
• Zhejiang Tianma Bearing
• ZYS Luoyang LYC Bearing
• ZWZ

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness – Porter's Five Force Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/dgpz7d/global_oil_and?w=4

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Related
Topics: Gas,
Oil,
Lubricants
and Greases